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Business News (more headlines) 06-14-2014

AFM Announces New Videogame Agreement

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The American Federation of Musicians of the US and Canada (AFM) has developed a new agreement in collaboration with Microsoft Corporation covering professional musicians employed in the making of videogame soundtracks. The new agreement, which extends through December, 2016, is effective immediately and is the result of discussions between AFM and Microsoft that began early last year.

"We are pleased that one of the world's leading publishers of videogames has endorsed our new game agreement," said AFM International President Ray Hair. "We enjoyed working on the agreement with the Microsoft team and we are happy that our members will be afforded better wages and additional use protections when recording soundtracks for Microsoft and other videogame publishers."

"The talent and artistry of the AFM is truly world class, and we are thrilled with the opportunity to continue to create award-winning music together," said Paul Lipson, Microsoft Studios Senior Audio Director. "Our partnership collaboration with the AFM has remained strong over the years, and this new agreement reflects the collaborative spirit and positive communication we enjoy with the AFM leadership and its members."

The new AFM videogame agreement replaces all previous agreements promulgated over the last several years. It contains new provisions that permit game publishers to use tracks recorded for a particular videogame across all platforms applicable to a game franchise or series. The agreement will be also be submitted for approval by AFM members engaged in recording game soundtracks, a process that is expected to conclude in 60 days.

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