MiCannes '22 a great success! Now preparing for MiCannes '23...

In December 2021, Reed Midem announced that Midem was cancelled, permanently. After 54 years, the annual habit of the music industry to descend on Cannes in the South of France to eat, drink and be merry (and do deals, meet like minds and conduct business) was to come to an unglamorous end.

Together with a band of legendary music industry stalwarts, New Media Law resolved to ensure that this demise was avoided. Along with a gathering of some of the MIDEM “Old Guard”, such as Nigel Elderton, Eddie Levy, John Saunderson, Dave Loader, Christian Ulf-Hansen, Jay Mistry, Rick Riccobono, David Stark, Ryan Edwards, Tony Byrne, Debs Wild, Malcolm Dunbar, Joel Jordan, Ian Titchener, Colin Peter, Darryl Ballantyne, Martin O'Shea, Emma Stakes, Jeff Liebenson and many others, New Media Law's Ian Penman formed a Committee, to ensure that the Midem spirit in Cannes did not die out. The new event was imaginatively dubbed “Music Industry Cannes” and a website created to guide the participants: www.MiCannes.com

Everyone descended on Cannes in early June, and took part in 4 days of networking, sponsored events, and general fun and mayhem, supported by key sponsors such as the PRS for Music, Audoo, LyricFind and of course New Media Law.

Some world class acts sponsored by PRS and Audoo played at the magnificent MJC Picaud Theatre - and the reaction was fantastic. 2022’s line up included:

DIRTY BLACK SUMMER

GABRIEL TEMPLAR

LAPELS (courtesy of Marquee Records)

IVY MAE

AMiR

The team is now preparing for MiCannes '23, which will take place in Cannes between 6 June and 9 June 2023. Make sure you book your flights and accommodation now, before they get booked and prices go up!

For more information - go to www.MiCannes.com

BUDGET CHANGES TO CAPITAL GAINS TAX RELIEF FOR BUSINESS OWNERS

The recent budget has announced changes to the conditions relating to the availability of Entrepreneurs Relief.

Draft legislation has been published but it is possible that the final legislation will differ from the drafts currently circulating.

Entrepreneurs Relief has the effect of reducing the amount of Capital Gains Tax paid on disposals of businesses, or shares in a personal company, to 10% on up to £10 million worth of lifetime gains.