OMiP / News / Featured News Item / TCAT CEO Nick Stewart’s MusicWeek feature

One Media News

TCAT CEO Nick Stewart’s MusicWeek feature

11 April 2023

TCAT CEO Nick Stewart’s MusicWeek feature

TCAT CEO, Nick Stewart, spoke to MusicWeek about his distinguished career and signing U2 to Island Records in 1980.

Nick also commented on the IFPI’s latest Global Music Report, which showed continuing global growth:

“For the industry to continue this growth trajectory, legitimate music rights owners – such as labels, artists and writers – must be protected from evolving threats and fairly recognised for their work,” said the TCAT CEO. “Of these risks, piracy on digital stores is the most systemic. It is an insidious practice that remains a lucrative illegal business causing the music industry to lose eye-popping amounts in revenue every year. Pirates pick the pockets of legitimate rights owners, with a total disregard for their creative and intellectual property.”

Read the full article here.