2024 Music business worldwide - Universal Music Group has responded to today’s dominant music industry news story: That a track featuring AI-replicated Drake ‘vocals’ has gone viral, not only on social media, but also on music streaming platforms.. As MBW reported moments ago, some music streaming services such as Apple Music, Deezer, and TIDAL, appear to …

 
In 2020, says MRC Data (formerly Nielsen Music), ‘R&B/hip-hop’ claimed a 28.2% share of total album-equivalent consumption. That was up on both 2019 (27.4%) and 2018 (25.6%). Meanwhile, Rock was …. Music business worldwide

Hive Music – Label Coordinator (Remote) Required: Strong written and verbal communication skills, familiarity with, or willingness to quickly learn, digital music tools such as: Spotify For Artists, Apple Music for Artists, YouTube Studio, TikTok, Instagram etc. Job type: Label Services. Location: Remote. Application deadline: March …The following MBW column comes from Eamonn Forde (pictured inset), a London-based music industry journalist, and the author of The Final Days of EMI: Selling the Pig. His new book, Leaving The Building: The Lucrative Afterlife of Music Estates, is out now via Omnibus Press. The live music business is badly broken.Obviously, the latter is by far the smaller part of SoundCloud’s business, but it did experience significant growth in 2020 (+156%), which SoundCloud says was the result of both an influx of new Repost subscribers, but also the general growth in royalties pertaining to increases in subscriptions and advertising revenues across music …Universal Music Group has responded to today’s dominant music industry news story: That a track featuring AI-replicated Drake ‘vocals’ has gone viral, not only on social media, but also on music streaming platforms.. As MBW reported moments ago, some music streaming services such as Apple Music, Deezer, and TIDAL, appear to …MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. Only MBW+ subscribers have unlimited access to these articles. MBW Reacts is supported by JKBX, a technology platform that offers consumers access to music royalties as an …Dec 30, 2022 · For example, for ‘Standalone Portable Subscription Offerings’ (i.e. typical interactive music streaming subscriptions to Spotify, Apple Music et al) US music publishers will from 2023 onwards – thanks to CRB IV – be paid the lesser of (1) 26.2% of ‘Total Content Costs’ across all music rights or (ii) an aggregate amount of $1.10 per ... Oct 23, 2023 · Over in Japan, the world’s second-largest recorded music market, superfans arguably form the backbone of the country’s music industry. Subscription music streaming was a half-a billion-dollar-plus business in Japan in 2022, reaching 75.62 billion yen or USD $575 million. But in contrast to streaming trends in mature music markets around the ... The Worldwide Independent Network (WIN), which represents independent music trade associations worldwide, announced five new board members while re-electing its Chair and Treasurer.. The 20-member board, elected annually, comprises independent music company and trade association representatives from various regions. To better …Music Business Worldwide. News United States Andy Apple Sterling Partners The B-Side We Are Giant. Latest Music Business Jobs. London, United Kingdom [Integral] – Repertoire Operations Assistant (UK) London, United Kingdom Believe Believe – Marketing Coordinator (UK)In September 2020, Songtradr invested $1m in music credit resource Jaxsta, inks exclusive partnership. With teams in 16 countries worldwide, Songtradr says it has grown from being a music tech product for independent artists to a “multi-disciplined, end-to-end solution for music buyers, brands and rights holders”. Music Business WorldwideAt $2.2 billion, Japan is the world’s second largest music market after the US. But it’s evolving. Revenue from digital sources rose to 35% last year, from … Dot Da Genius on Kid Cudi, Kanye, the possibility of a producers’ strike and why he wants to ‘completely overhaul’ the current music industry business model. Kid Cudi's key creative collaborator discusses his breakthrough, his biggest records, AI and why he's keeping hold of his catalog - for now. The best of MBW, plus the most important ... Islington Council – Sessional Venue Staff (bars, cloakroom, box office) – UK. Seeking individuals who with the ability to work to the highest standards, juggling competing priorities and demonstrating resilience to pressure and retaining due professionalism at all times -. Job type: Operations. Location: London, United Kingdom. Application ...Multi-award-winning producer and artist Metro Boomin today responded to a tweet which says – itself posted in reaction to the UMG news – that “just like that the TikTok era of music is over”. Metro Boomin, real name Leland Wayne, quote-tweeted said words with a gif that reads: “It’s about damn time.” Music Business WorldwideMusic Business Worldwide. News United States TikTok UMG. Related Posts. From Universal’s TikTok takedowns to Deezer’s 26m deleted tracks… it’s MBW’s Weekly Round-Up. TikTok’s parent ByteDance has locked down AI-music patents in the US – as its researchers develop a model trained on 257,000 hours …MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. Only MBW+ subscribers have unlimited access to these articles. MBW Reacts is supported by JKBX, a technology platform that offers consumers access to music royalties as an …In 2023, the Italian market of recorded music grew by 18.8% YoY, reaching a total of 440 million euros of revenues, according to FIMI (Federazione …Music Business Podcast. Music Business Worldwide (MBW) publishes two podcasts: The MBW Podcast, which sees us regularly interview some of the leading figures in the global business – and Talking Trends – in which MBW founder, Tim Ingham, dives behind recent headlines in the music industry.Dec 5, 2023 · Now, the company, led by former Tempo Music CEO Sherrese Clarke Soares, has amended its senior secured credit facility, led by Fifth Third Bank, to buy more music rights. Under the amended facility, HarbourView’s credit facility capacity has been increased by $100 million to $300 million (from $200m). The MBW Yearbook: Our annual almanac, The MBW Yearbook, collates some of the finest interviews to appear on the Music Business Worldwide site every 12 months. This coffee table-style book contains the thoughts and wisdom of many of the smartest and most powerful execs working in music – all in one place. Music Business UK: The leading trade ... Jan 10, 2024 · Of those 1.1 billion album-sale-equivalent (TAC) units in the US in 2023, 796.8 million, or 72.6%, were registered by ‘Catalog music’.. This means that ‘Current’ Music’s share of Total Album Consumption in the United States in 2023 was 27.4%, or 300.4 million TAC units. Music Business Jobs is the most effective way for the global music industry to find the best candidates for their open positions. In addition to being seen by over 300,000 monthly unique readers online, our listings are also emailed direct to more than 50,000 professional subscribers every week – across the US, UK, Europe, …Breaking down the major labels’ revenues, Midia estimates that Universal Music Group generated recorded music revenues of $8.2 billion in 2021, giving it a market share of just under 29%.. Midia estimates that Sony Music Group (SMG) was the fastest growing major for the second successive year. According to Midia, SMG increased its …Sony’s global music publishing operation derived $343.9 million of its quarterly revenues in the calendar Q4 2023 period from streaming.. That publishing streaming figure was up 17.3% year-on-year.. Sony’s global music profits. Sony Corp also today issued some profit numbers for its corporate Music division in the three months to …Feb 15, 2024 · Stewart’s catalog includes ten No. 1 albums and 31 Top 10 singles in the UK, six of which reached No. 1 plus 17 Top 10 albums, with four reaching No. 1 and 16 Top 10 singles in the U.S. Billboard ranked him as the 15th Greatest Artist of all time (6th among male soloist), he’s also the 13th Greatest Billboard 200 Artist of all time, the 2nd most successful British solo artist of all-time ... 5 days ago · Music Business Worldwide (MBW) is the leading information and jobs service for the global music industry. It publishes two podcasts: The weekly series, Talking Trends – which dives behind the biggest headlines in the music industry – as well as The MBW Podcast, which sees us interview some of the leading figures in the global business. Music Business Worldwide. News Singapore BandLab. Related Posts. Music-making platform BandLab surpasses 100 million users. This d4vd track recorded on BandLab’s free app just surpassed 1 billion streams on Spotify. Music-making platform BandLab launches sync licensing program for its 60m+ registered users.Feb 12, 2024 · MBW has suggested a number of times that Cinq Music Group is a company to watch. Today (February 12) brings yet more evidence to support this view. Cinq has confirmed that it has just raised another USD $250 million from its parent company GoDigital Media Group to acquire music rights. Dec 5, 2023 · Now, the company, led by former Tempo Music CEO Sherrese Clarke Soares, has amended its senior secured credit facility, led by Fifth Third Bank, to buy more music rights. Under the amended facility, HarbourView’s credit facility capacity has been increased by $100 million to $300 million (from $200m). Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs.The global music market was worth $26bn in 2021. 22 March 2022. By Mark Savage,BBC Music Correspondent. Getty Images. BTS were the biggest …Music Business Worldwide: Meet the organization that’s distributed over $250m in mechanical royalties to rightsholders this year | Mechanical …Sadly, for 2023, such a comparison has been rendered impossible – because BMI’s 26-page latest annual report doesn’t include any headline revenue data. BMI has chosen to omit these figures following its announcement, a year ago this month, to switch to a for-profit business model.. There are, however, other very important numbers included …Founded in 2021, HarbourView Equity Partners has acquired over 45 music catalogs to date and owns a catalog of over 26,000 songs, encompassing both master recordings and publishing income streams.. Now, the company, led by former Tempo Music CEO Sherrese Clarke Soares, has amended its senior secured credit facility, led by Fifth …Jan 31, 2024 · Multi-award-winning producer and artist Metro Boomin today responded to a tweet which says – itself posted in reaction to the UMG news – that “just like that the TikTok era of music is over”. Metro Boomin, real name Leland Wayne, quote-tweeted said words with a gif that reads: “It’s about damn time.” Music Business Worldwide Feb 6, 2024 · Music Business Worldwide. The music sync industry is headed for an iceberg. It needs an upgrade. February 6, 2024. By Music Business Worldwide. Analysis United States United Kingdom MBW Views. Sync veteran Tom Stingemore on why his industry is operating inefficiently and needs to change…. 5 days ago · Music Business Worldwide (MBW) is the leading information and jobs service for the global music industry. It publishes two podcasts: The weekly series, Talking Trends – which dives behind the biggest headlines in the music industry – as well as The MBW Podcast, which sees us interview some of the leading figures in the global business. The global recorded music industry generated $20.2bn in wholesale revenues – that’s the money making its way back to labels and artists – in 2019. This figure was up 8.2% on the prior year ($18.7bn), according to official industry data revealed in the latest IFPI Global Music Report today (May 4). Bright spots for record …. Music Business Worldwide. The best of MBW, plus the most important music biz stories on the web. Delivered for FREE, direct to your inbox each day. Receive MBW Newsletter. Receive MBW News Alerts. Receive MBW Industry Jobs. MBW occasionally sends important promotional emails that involve strategic collaborations with …Prosecutors originally claimed the defendant had earned DKK 4.38 million (USD $635,000) on the fraudulent streams, but ultimately only DKK 2 million in earnings ($290,000) could be proven.. The court ordered DKK 2 million to be confiscated from the defendant, and added a DKK 200,000 ($29,000) fine.. The defendant indicated in court …Islington Council – Sessional Venue Staff (bars, cloakroom, box office) – UK. Seeking individuals who with the ability to work to the highest standards, juggling competing priorities and demonstrating resilience to pressure and retaining due professionalism at all times -. Job type: Operations. Location: London, United Kingdom. Application ...SoundCloud: ‘Fans’ vs. ‘Creators’ business. In 2021, SoundCloud divided its business into two simple categories: (i) Fans – covering ad sales monetization of music streaming, plus payments from listeners who subscribe to SoundCloud’s paid-for subscription streaming offering; and (ii) Creators – …Music tech startup Turntable LIVE has secured over $7 million in a seed round of funding, which it plans to use to power its new social music platform. The company is targeting a full public launch later this year and says it is currently working with music industry partners to be “fully legal and licensed” for the …Jan 31, 2024 · Multi-award-winning producer and artist Metro Boomin today responded to a tweet which says – itself posted in reaction to the UMG news – that “just like that the TikTok era of music is over”. Metro Boomin, real name Leland Wayne, quote-tweeted said words with a gif that reads: “It’s about damn time.” Music Business Worldwide Music Business Worldwide. News United Kingdom CMA Market Study streaming. Related Posts. Universal Music expands Africa presence with Sewasew licensing deal in Ethiopia. Gap between music and video streaming prices widens as Netflix announces $3 hike to Premium subscriptions.Jan 23, 2024 · India could become the world’s largest music streaming territory by volume this year. Watch this space! Meanwhile, in the US, Luminate reports that in 2023, the streaming share of English-language content amongst the Top 10,000 streaming tracks in the market (on-demand streams inclusive of both audio and video) decreased by 3.8% since 2021. The experience economy isn’t a new phenomenon – business schools were talking about it as far back as the 1990s – but it has taken on a new life in the post-pandemic world. After two years at home, consumers are prioritizing experiences over consumer goods perhaps like never before. And, as the chart below from Rapino’s presentation …Feb 6, 2024 · Music Business Worldwide. The music sync industry is headed for an iceberg. It needs an upgrade. February 6, 2024. By Music Business Worldwide. Analysis United States United Kingdom MBW Views. Sync veteran Tom Stingemore on why his industry is operating inefficiently and needs to change…. “Welcome to the first year of tomorrow’s music business”. Music Business Worldwide. Analysis News United Kingdom United States MiDIA. Related Posts. Global recorded music revenues reached $28.8bn in 2021, says Midia. The global recorded music business generated over $50m a day last year – and …LONDON (AP) — Tired of inflated ticket prices, recording artist Yungblud is launching his own affordable music festival. Bludfest takes place on Aug. 11 in …Sony Music Masterworks focuses on recording, producing, and promoting primarily non-pop music and live entertainment experiences. It curates film and television soundtracks, managing vast archives including Star Wars, The Phantom of the Opera, and Memoirs of a Geisha. “It is an absolute honor to join …Global recorded music industry revenues topped $20bn last year – but streaming growth slowed. The global recorded music industry generated $20.2bn in wholesale revenues – that’s the money making its way back to labels and artists – in 2019. This figure was up 8.2% on the prior year ($18.7bn), according to official industry data revealed ...South African music industry veteran Chris Ghelakis dies, aged 70. Ghelakis founded Electromode in 2001, which was acquired in 2021 by Universal-owned Ingrooves (now Virgin Music Group) Interviews. Key Songs in the Life of…. Denzyl Feigelson. The founder of Platoon (and AWAL, and a key architect of Graceland), Denzyl Feigelson, maps out his ...MBW Reacts is a series of analytical articles from Music Business Worldwide written in response to major recent entertainment events or news stories.. If you listened to the MBW’s most recent Talking Trends podcast – and thousands of you already have – you may have picked up on a particularly relevant data point …Feb 5, 2024 · February 5, 2024. By Mandy Dalugdug. News United States United Kingdom Blokur Jeremy Verba Music Reports Phil Barry Songdex. Independent music rights administration platform Music Reports says its acquisition of Blokur is meant to complement its existing services and technology. Music Business Worldwide. News United States Spotify The MLC. Related Posts. Neil Young’s music to return to Spotify. Spotify challenges YouTube, launching music videos for Premium users in 11 markets. Global consumption of music from India soared 2,000% in 5 years on Spotify.There are 100,000 Halo composition royalty shares being offered with a Market Cap of $1.451 million and an estimated Royalty Share yield of 3.45%. The listing notes that the song has a two-Year Average Revenue of $51,134.76. Meanwhile, if you wanted to buy royalty shares in the master recording of Lean On, the hit single recorded …MBW Views is a series of op/eds from eminent music industry people… with something to say. The following MBW op/ed comes from Tom Stingemore (pictured), the founder of sync data platform, ALLOY. Stingemore was previously Global President of Sync & Creative at Hipgnosis, and has previously held senior sync roles at Universal Music …Jan 23, 2024 · India could become the world’s largest music streaming territory by volume this year. Watch this space! Meanwhile, in the US, Luminate reports that in 2023, the streaming share of English-language content amongst the Top 10,000 streaming tracks in the market (on-demand streams inclusive of both audio and video) decreased by 3.8% since 2021. Today, IFPI, representing the recording industry worldwide, released its Global Music Report 2019, reporting on global trade revenues for the recorded music industry in 2018.In this MBW blog post, Frances Moore (pictured), Chief Executive of IFPI, discusses the top five takeaways from the report. 1. Recorded …The US recorded music industry saw total revenues rise by 9.2% in 2020 to $12.15bn on a retail basis. As previously predicted by MBW , that was up by over $1bn on the $11.13bn the market generated across all formats in 2019. The global recorded music industry generated $20.2bn in wholesale revenues – that’s the money making its way back to labels and artists – in 2019. This figure was up 8.2% on the prior year ($18.7bn), according to official industry data revealed in the latest IFPI Global Music Report today (May 4). Bright spots for record …. Horus Music is a UK-based online distributor and services company. Founded by Nick Dunn in 2006, the firm is headquartered in Birmingham. In 2016, Horus Expanded into India with the launch of Horus Music India.. It launched an in-house music publisher in 2017, Anara Publishing. Also in 2017, Horus Music was …SoundCloud: ‘Fans’ vs. ‘Creators’ business. In 2021, SoundCloud divided its business into two simple categories: (i) Fans – covering ad sales monetization of music streaming, plus payments from listeners who subscribe to SoundCloud’s paid-for subscription streaming offering; and (ii) Creators – …Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs.MBW Reacts is a series of analytical articles from Music Business Worldwide written in response to major recent entertainment events or news stories.. If you listened to the MBW’s most recent Talking Trends podcast – and thousands of you already have – you may have picked up on a particularly relevant data point …4 days ago · In July 2022, veteran music executive and producer Irv Gotti (Irving Lorenzo), the founder of rap label Murder Inc, sold a stake in his master recordings to Iconoclast in a deal worth $300 million. Sam Roseme and Peter Paterno of King, Holmes, Paterno & Soriano, LLP. represented Iconoclast, and Don Friedman of Grubman, Shire, Meiselas & Sacks ... Feb 12, 2024 · There’s an interesting shift taking place in the power dynamic between ‘major’ music rightsholders and DIY aggregators on the world’s largest subscription music streaming service, Spotify. Spotify published its earnings for Q4 and FY 2023 last Tuesday (February 6), revealing that its Premium Subscriber base grew to 236 million paying ... MBW’s Stat Of The Week is a series in which we highlight a data point that deserves the attention of the global music industry. Stat Of the Week is supported by music data analytics firm Chartmetric. We know that at the close of Q1 2023 (the three months to end of March), Spotify had a total global paying subs audience of 210 million. … MBW and Goldman Sachs team up for our first Entrepreneur Of The Year award – and BandLab's co-founder picks up the prize. News. Spotify is chasing annual profitability. SoundCloud’s already there. Company's revenues projected to be up 9% YoY in 2023. News. Music Business Worldwide. News United States Iconoclast Olivier Chastan. Related Posts. Iconoclast acquires producer royalties of legendary composer and disco icon Giorgio Moroder. Olivier Chastan’s Iconoclast acquires music publishing catalog of Beyonce and M.I.A. collaborator, Switch. Music Business Worldwide (MBW) is a global music industry news and analysis website launched in 2015 by former Music Week editor Tim Ingham. As of December 2020, it ranked 22,845 in the list of most visited global websites according to Alexa Internet. MBW has written time and time again about the global rise of Latin music. In the US alone, in 2021, Latin music generated $886.1 million on a retail basis (money spent on streaming subscriptions, as well as physical and digital music), which was up by 35.4% versus the prior year.. In April last year, MBW …Global recorded music industry revenues topped $20bn last year – but streaming growth slowed. The global recorded music industry generated $20.2bn in wholesale revenues – that’s the money making its way back to labels and artists – in 2019. This figure was up 8.2% on the prior year ($18.7bn), according to official industry data revealed ...4 days ago · In July 2022, veteran music executive and producer Irv Gotti (Irving Lorenzo), the founder of rap label Murder Inc, sold a stake in his master recordings to Iconoclast in a deal worth $300 million. Sam Roseme and Peter Paterno of King, Holmes, Paterno & Soriano, LLP. represented Iconoclast, and Don Friedman of Grubman, Shire, Meiselas & Sacks ... The Circuit Group, a music company founded by music industry veterans from artist management firms Seven20 and AYITA, has partnered with dance music company Defected Records to bolster their North American and UK expansions.. Under the terms of the agreement, Circuit will offer its services to …Elevate Talent – Tour Director, APAC (APAC) Required: Minimum 3-4 years working experience in the Live Music industry managing “360 degrees” of arena & stadium tours, and experience preferred working in APAC markets. Job type: Live. Location: Asia Pacific. Application deadline: April 20, 2024.“Welcome to the first year of tomorrow’s music business”. Music Business Worldwide. Analysis News United Kingdom United States MiDIA. …In another case, Sony Music and Warner Music Group are seeking $1.6 billion. Another closely-watched case was filed by the major recording …The UK music industry’s most enjoyable night out is just six weeks away. And now we know who’ll be competing for the top prizes. Taking place on the evening of Tuesday, November 7, the A&R Awards 2023 will be held in Central London.. 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Music Business Worldwide: Meet the organization that’s distributed over $250m in mechanical royalties to rightsholders this year | Mechanical …. L auberge del mar

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MBW revealed shortly before the end of 2023 that SoundCloud was on course to post its first ever EBITDA-profitable year.. In mid-December, the firm’s internal guidance showed that was projecting annual revenues of EUR €288 million (USD $310m) for calendar/fiscal 2023, up 7.5% YoY or 9% YoY at constant currency (USD).. SoundCloud …MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. Only MBW+ subscribers have unlimited access to these articles. MBW Reacts is supported by JKBX, a technology platform that offers consumers access to music royalties as an …Music Business Worldwide. Latest Music Business Jobs. Los Angeles, United States WARNER MUSIC GROUP Warner Music Group – Director, Creative Services (US) London, United Kingdom THE ORCHARD The Orchard – Classical Sales & Label Director 12 Month FTC (UK) Los Angeles, United States SONY MUSICWelcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs.Universal Music Group has responded to today’s dominant music industry news story: That a track featuring AI-replicated Drake ‘vocals’ has gone viral, not only on social media, but also on music streaming platforms.. As MBW reported moments ago, some music streaming services such as Apple Music, Deezer, and TIDAL, appear to …Music Business Worldwide. The best of MBW, plus the most important music biz stories on the web. Delivered for FREE, direct to your inbox each day. Receive MBW Newsletter. Receive MBW News Alerts. Receive MBW Industry Jobs. MBW occasionally sends important promotional emails that involve strategic collaborations with …Jun 27, 2019 · Apple has also confirmed that Beats 1, Apple Music’s in-house ‘radio’ station, now has “tens of millions of listeners”. The last update we had on Apple’s subs came from the Financial Times in December, which reported that the platform had 56m subscribers, including its free trialists. The MBW Yearbook: Our annual almanac, The MBW Yearbook, collates some of the finest interviews to appear on the Music Business Worldwide site every 12 months. This coffee table-style book contains the thoughts and wisdom of many of the smartest and most powerful execs working in music – all in one place. Music Business UK: The leading trade ... MBW is the leading information service for the global music industry, covering news, analysis, awards, magazine and jobs. Read testimonials from top executives who subscribe to MBW for its …Dot Da Genius on Kid Cudi, Kanye, the possibility of a producers’ strike and why he wants to ‘completely overhaul’ the current music industry business model. Kid Cudi's key creative collaborator discusses his breakthrough, his biggest records, AI and why he's keeping hold of his catalog - for now. The best of MBW, plus the most important ...Private equity firms have poured billions of dollars into music, believing it to be a source of growing and reliable income. Investors spent $12 billion on … MBW and Goldman Sachs team up for our first Entrepreneur Of The Year award – and BandLab's co-founder picks up the prize. News. Spotify is chasing annual profitability. SoundCloud’s already there. Company's revenues projected to be up 9% YoY in 2023. News. It would take a hard-hearted industry commentator to complain about any growth in 2020, but that $1.5 billion / +7% annual uplift, notes Midia, was smaller than the $2.1 billion growth seen in 2019 (+11% YoY).. Midia notes: “Although the [worldwide] recorded music business experienced a dip in the earlier months of …In 2020, says MRC Data (formerly Nielsen Music), ‘R&B/hip-hop’ claimed a 28.2% share of total album-equivalent consumption. That was up on both 2019 (27.4%) and 2018 (25.6%). Meanwhile, Rock was …Feb 8, 2024 · Within that figure, recorded music streaming revenues were up 11.4 % YoY at constant currency to $887 million; Recorded music subscription streaming revenues were up 12% YoY on a normalized, constant currency basis to $644 million. Music publishing revenues – at Warner Chappell Music – were up 19.7% YoY at constant currency to $304 million. Warner Music Group has posted its fiscal Q4 (calendar Q3) and FY financial results ending September 30, 2023.. WMG’s total revenues for its full fiscal year (the 12 months ended September 30) “eclipsed” $6 billion ($6.037bn) for the first time in the company’s history. That FY figure – encompassing recorded music, music publishing …Music tech startup Turntable LIVE has secured over $7 million in a seed round of funding, which it plans to use to power its new social music platform. The company is targeting a full public launch later this year and says it is currently working with music industry partners to be “fully legal and licensed” for the …The “Misogyny in Music” report, released on Tuesday (January 30) by the Women and Equalities Committee, describes “a ‘boys’ club’ where sexual harassment and abuse is common, and the non-reporting of such incidents is high. Victims who do speak out struggle to be believed or may find their career ends as a consequence.” Despite a …Oct 24, 2023 · 3) Introducing a minimum length of time that non-music ‘noise’ tracks must reach in order to generate royalties. This one is clever. Today, as had been seen in a number of notable cases, makers of ‘non-music noise content’ (e.g. white noise, binaural beats, whale-song etc.) get paid the same as every other creator of music on Spotify. As MBW revealed last week, Sony’s music divisions (Sony Music Group plus its Japan-based music companies) jointly generated $7.49 billion in 2021 across music publishing and recorded music. That $7.49bn figure (at USD-level constant currency) was up 23.9% year-over-year, or by a handsome $1.44 billion …Feb 12, 2024 · There’s an interesting shift taking place in the power dynamic between ‘major’ music rightsholders and DIY aggregators on the world’s largest subscription music streaming service, Spotify. Spotify published its earnings for Q4 and FY 2023 last Tuesday (February 6), revealing that its Premium Subscriber base grew to 236 million paying ... Oct 28, 2023 · (BMG has since confirmed that, while keeping digital distribution in-house, it’s inked a deal with Universal Music Group to handle its physical distribution business. Now, Coesfeld is enacting another set of significant changes at BMG, which posted an operating EBITDA of €90 million ($97m) , up 22.6% YoY , in the first six months of 2023. (BMG has since confirmed that, while keeping digital distribution in-house, it’s inked a deal with Universal Music Group to handle its physical distribution business. Now, Coesfeld is enacting another set of significant changes at BMG, which posted an operating EBITDA of €90 million ($97m) , up 22.6% YoY , in the first six months of 2023.Prosecutors originally claimed the defendant had earned DKK 4.38 million (USD $635,000) on the fraudulent streams, but ultimately only DKK 2 million in earnings ($290,000) could be proven.. The court ordered DKK 2 million to be confiscated from the defendant, and added a DKK 200,000 ($29,000) fine.. The defendant indicated in court …Music Business Worldwide: Meet the organization that’s distributed over $250m in mechanical royalties to rightsholders this year | Mechanical …The music industry of 2024 is in a very different state of health than it was a decade ago: global recorded music trade revenues in 2014 were less than half the size that they are today, according to IFPI data.. But what do the next ten years of the global music business hold for the industry? And how can its biggest …That ruling centered on an increase in the overall percentage of streaming services’ US revenues that legally have to be paid by the likes of Spotify to songwriters.. The CRB decided to move that percentage figure up from 10.5% to 15.1% across the five years between 2018 and 2022. It was the largest rate increase in the history of the CRB.Music Business Jobs is the most effective way for the global music industry to find the best candidates for their open positions. In addition to being seen by over 300,000 monthly unique readers online, our listings are also emailed direct to more than 50,000 professional subscribers every week – across the US, UK, Europe, …MBW’s Inspiring Women series profiles female executives who have risen through the ranks of the business, highlighting their career journey – from their professional breakthrough to the senior responsibilities they now fulfill.Inspiring Women is supported by Virgin Music Group.. Blaike Ford has innovation running through her veins. She started …The following MBW column comes from Eamonn Forde (pictured inset), a London-based music industry journalist, and the author of The Final Days of EMI: Selling the Pig. His new book, Leaving The Building: The Lucrative Afterlife of Music Estates, is out now via Omnibus Press. The live music business is badly broken.The past few years have seen a number of deals struck for rights to music by iconic rock artists. In January 2022, for example, Warner Music Group, via its Warner Chappell Music subsidiary, acquired the global music publishing rights to David Bowie’s song catalog for more than $250 million. In December 2021, Bruce Springsteen sold both …Islington Council – Sessional Venue Staff (bars, cloakroom, box office) – UK. Seeking individuals who with the ability to work to the highest standards, juggling competing priorities and demonstrating resilience to pressure and retaining due professionalism at all times -. Job type: Operations. Location: London, United Kingdom. Application ...Music Business Worldwide has been crunching a veritable mountain o’ numbers today (August 9).. That’s because the past 48 hours have seen two major music companies – Warner Music Group (WMG) and Sony Music Group (SMG) – post their calendar Q2 revenue/profitability figures for investors. (Sony did so …The past few days have seen a fair bit of consolidation in the global live entertainment business. On Monday (September 13), we learned that live events giant Live Nation Entertainment has struck a deal to buy a majority (51%) stake in Mexico-based concert promoter OCESA Entretenimiento for nearly $450 million. …17 hours ago · Barbat-Layani asserted that, by attempting to “waive” the board approval condition after Warner Music Group had privately made known an expression of interest in potentially bidding for Believe at a particular price (€17-per-share or above), “the [Ladegaillerie] consortium, which was aware of this nonpublic information, granted itself a ... The Circuit Group, a music company founded by music industry veterans from artist management firms Seven20 and AYITA, has partnered with dance music company Defected Records to bolster their North American and UK expansions.. Under the terms of the agreement, Circuit will offer its services to … Tim Ingham is the founder and Publisher of Music Business Worldwide, which has serviced the global industry with news, analysis and jobs since 2015. London-based Ingham is a well-known music industry analyst and commentator , who has written about the business for the likes of The Guardian, The Independent, The Observer, The Daily Mail and NME. Music Business Worldwide (MBW) is the leading information and jobs service for the global music industry. It publishes two podcasts: The weekly series, Talking …Today, IFPI, representing the recording industry worldwide, released its Global Music Report 2019, reporting on global trade revenues for the recorded music industry in 2018.In this MBW blog post, Frances Moore (pictured), Chief Executive of IFPI, discusses the top five takeaways from the report. 1. Recorded …The Circuit Group, a music company founded by music industry veterans from artist management firms Seven20 and AYITA, has partnered with dance music company Defected Records to bolster their North American and UK expansions.. Under the terms of the agreement, Circuit will offer its services to …Feb 1, 2023 · The feature, which costs $14.99 a month, gives creators access to BandLab Opportunities via ReverbNation, which will allow them to send their music directly to key industry heavyweights, including editorial coverage opportunities with various music publications, live music events such as SummerFest, and more. Music Business Worldwide In September 2020, Songtradr invested $1m in music credit resource Jaxsta, inks exclusive partnership. With teams in 16 countries worldwide, Songtradr says it has grown from being a music tech product for independent artists to a “multi-disciplined, end-to-end solution for music buyers, brands and rights holders”. Music Business WorldwideDec 30, 2022 · For example, for ‘Standalone Portable Subscription Offerings’ (i.e. typical interactive music streaming subscriptions to Spotify, Apple Music et al) US music publishers will from 2023 onwards – thanks to CRB IV – be paid the lesser of (1) 26.2% of ‘Total Content Costs’ across all music rights or (ii) an aggregate amount of $1.10 per ... MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. Only MBW+ subscribers have unlimited access to these articles. MBW Reacts is supported by JKBX, a technology platform that offers consumers …Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs.The 16 wealthiest singers in the world - Taylor Swift net worth Being a famous pop star with a string of chart hits is a profitable business - as these …A total of 20 DSPs have transferred a combined $424.38 million in accrued historical unmatched royalties to The Mechanical Licensing Collective (MLC) as required in order for them to seek the Music Modernization Act‘s (MMA) limitation on liability for past infringement.. Those DSPs, including Spotify, Apple Music, Amazon, SoundCloud and …Reliving the Taylor Swift catalog sale saga (and following the money…) Taylor Swift pictured at the American Music Awards in October 2018. She collected Album Of The Year at the ceremony for Reputation – the last LP she recorded for Big Machine. MBW uncovers exclusive new facts about the buying and selling of the catalog of the …MBW has written time and time again about the global rise of Latin music. In the US alone, in 2021, Latin music generated $886.1 million on a retail basis (money spent on streaming subscriptions, as well as physical and digital music), which was up by 35.4% versus the prior year.. In April last year, MBW …MBW is the leading information service for the global music industry, covering news, analysis, awards, magazine and jobs. Read testimonials from top executives who subscribe to MBW for its …Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs. This week saw Warner …Oct 20, 2022 · Cinq Music Group’s repertoire has won Grammy awards, dozens of Gold and Platinum RIAA certifications, and numerous No.1 chart positions on a variety of Billboard charts. Its repertoire includes heavyweights such as Bad Bunny, Janet Jackson, Daddy Yankee, T.I., Sean Kingston, Anuel, and hundreds more. Music Business Worldwide It would take a hard-hearted industry commentator to complain about any growth in 2020, but that $1.5 billion / +7% annual uplift, notes Midia, was smaller than the $2.1 billion growth seen in 2019 (+11% YoY).. Midia notes: “Although the [worldwide] recorded music business experienced a dip in the earlier months of …Daniel Ek cashes out another $57.5m in Spotify stock, just three months after he banked $64m, and 6 months after he offloaded $100m in shares. Denis Simms takes a long view on how the ‘customisable services’ model, combined with new tech, will affect the industry’s future….Music Business Worldwide. News United States ADA worldwide Adriana Sein Cheryl Pawelski Omnivore Recordings. Related Posts. Warner’s ADA Worldwide signs global distribution deal with South Coast Music Group. From Sony Music’s deepfake takedowns to iHeartMedia’s $100m BMI sale proceeds… it’s MBW’s Weekly Round-Up ...The experience economy isn’t a new phenomenon – business schools were talking about it as far back as the 1990s – but it has taken on a new life in the post-pandemic world. After two years at home, consumers are prioritizing experiences over consumer goods perhaps like never before. And, as the chart below from Rapino’s presentation …MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. Only MBW+ subscribers have unlimited access to these articles. MBW Reacts is supported by JKBX, a technology platform that offers consumers access to music royalties as an …Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs.Founded in 2021, HarbourView Equity Partners has acquired over 45 music catalogs to date and owns a catalog of over 26,000 songs, encompassing both master recordings and publishing income streams.. Now, the company, led by former Tempo Music CEO Sherrese Clarke Soares, has amended its senior secured credit facility, led by Fifth …Music Business Worldwide. News United States Andy Apple Sterling Partners The B-Side We Are Giant. Latest Music Business Jobs. 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