2024 Music business worldwide - 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 …

 
 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. . Music business worldwide

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 …Music Business Worldwide (MBW) is the leading information and jobs service for the global music industry. It publishes two podcasts: The weekly series, Talking …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 four ‘major’ recorded music companies – which in this instance means Universal Music, Sony Music, and Warner Music, plus indie collective Merlin – have cumulatively lost 12% of market share on Spotify over the past five years. That stat came to light in Spotify’s new annual investor report, which reveals that …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….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. 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.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 ... Luminate also reports that Taylor Swift’s music made up 1.79% of the entire US recorded music market when a formula is applied to combine physical and digital sales plus streams into a single metric. (This metric includes Total Albums w/ TEA w/ SEA On-Demand Audio). To put the scale of Taylor Swift’s 1.79% US market share into context, …The $2.330 billion figure was up 8.3% year-on-year (vs. calendar Q3 2022) at US dollar-converted constant currency.. In monetary terms, Sony’s overall music rights operation (recorded music plus music publishing) generated approximately $177.8 million more in calendar Q3 2023 than in the prior-year …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…. The $2.330 billion figure was up 8.3% year-on-year (vs. calendar Q3 2022) at US dollar-converted constant currency.. In monetary terms, Sony’s overall music rights operation (recorded music plus music publishing) generated approximately $177.8 million more in calendar Q3 2023 than in the prior-year …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. 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 …Nov 21, 2023 · Music Business Worldwide broke the news last month that major changes were coming to Spotify‘s royalty model in Q1 2024. Now Spotify has confirmed precisely what those changes are. The music streaming company has published a new blog post on Spotify for Artists introducing what it calls “new policies to better support those most dependent ... 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 …. In May 2022, Warner Music Spain and Warner Chappell Music launched a new and creative hub in Madrid called The Music Station. The space in Madrid is spread across 10,000 square meters and houses Warner Music Spain, WMG’s local recorded music company, and Warner Chappell Music Spain. “We are thrilled about the unveiling …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. In the IFPI's annual Global Music Report covering the music industry 2023, revenues jumped 10% to $28.6 billion, the highest figure since 1999.The four ‘major’ recorded music companies – which in this instance means Universal Music, Sony Music, and Warner Music, plus indie collective Merlin – have cumulatively lost 12% of market share on Spotify over the past five years. That stat came to light in Spotify’s new annual investor report, which reveals that …Dec 13, 2023 · According to company data shared with Music Business Worldwide, SoundCloud is currently on course to post a slim – but positive – EBITDA for calendar/fiscal 2023. The firm’s internal guidance shows that it’s currently projecting annual revenues of EUR €288 million (USD $310m) for 2023, up 7.5% YoY or 9% YoY at constant currency (USD). Music Business Worldwide (MBW) is the leading information and jobs service for the global music industry. It publishes two podcasts: The weekly series, Talking …The global music market was worth $26bn in 2021. 22 March 2022. By Mark Savage,BBC Music Correspondent. Getty Images. BTS were the biggest …The global music market was worth $26bn in 2021. 22 March 2022. By Mark Savage,BBC Music Correspondent. Getty Images. BTS were the biggest …Jul 3, 2023 · But I am hopeful that this new information will be the encouragement that the industry needs to get pricing where it should be.” News of Apple Music and Amazon Music’s lack of subscriber churn after increasing their subscription prices comes amidst growing calls for the world’s largest subscription service, Spotify, to increase its own ... Today’s entertainment market is increasingly global. The music industry risks hampering its future potential by thinking too local, too often. Music Business …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 …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…. 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 …Since that deal, Toronto-based Northleaf has used Spirit Music Group’s music assets to support the raise of a $303.8 million bond offering. The Spirit Music Group portfolio is largely made up of mature music royalty assets managed by Lyric Capital Group and represents combined catalogs totaling over …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 …Jan 7, 2021 · 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 the second most popular genre in the US in 2020, both across all formats, and across on-demand streaming platforms. 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 words of JT Myers, co-CEO of Virgin Music Group (VMG) in an interview with MBW published shortly before the end of 2023.. Today (January 4), as 2024 rubs the sleep from its eyes, we receive some news that indicates just how keen Myers and his co-CEO at VMG, Nat Pastor, are on Latin music and its artists. VMG, Universal Music …MBW's World Leaders series speaks to Shunsuke Muramatsu, CEO of Sony Music Entertainment Japan. Interviews. ‘Bad Bunny and Rosalia are just the tip of a very large artistic iceberg. The creative force of Latin Music is unstoppable.’. In this feature, we speak to Nando Luaces, CEO of Madrid-based distributor and Latin …“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 …And as we demonstrated last week, Boston-headquartered Fidelity owns a 3.3% stake in Warner Music Group – which is currently worth approximately $450 million. In other words, across these two major music companies alone, Fidelity has a stakeholding in music rights worth more than $1.5 billion. Music Business WorldwideThe 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. 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. Music Business Worldwide (MBW) is a free, in-depth news, insight and analysis platform for the international music industry. As a UK-based site with a global …“Welcome to the first year of tomorrow’s music business”. Music Business Worldwide. Analysis News United Kingdom United States MiDIA. …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. Jan 4, 2024 · The words of JT Myers, co-CEO of Virgin Music Group (VMG) in an interview with MBW published shortly before the end of 2023.. Today (January 4), as 2024 rubs the sleep from its eyes, we receive some news that indicates just how keen Myers and his co-CEO at VMG, Nat Pastor, are on Latin music and its artists. 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 Variety reported in February that Sony Music Group was in negotiations to acquire 50% of Jackson’s music rights for a price-tag in the region of $800 to $900 million. A source close to that process has suggested that the number may end up slightly lower than that figure, at between $700 million and $800 million. Music Business WorldwideObviously, 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 …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 …Joining Music Business Worldwide founder, Tim Ingham, on this MBW Podcast is Scott Cohen, the CEO of JKBX.. JKBX is a new platform that enables investors (including so-called ‘retail investors’) to acquire royalty shares in hit songs. It will, in future, also allow you to trade those royalty shares by selling them to others.According to a new study from Pex, which monitors and analyzes copyrighted content on digital services, TikTok has the most modified audio of all major UGC platforms, including YouTube, Facebook, and Instagram.. Pex estimates that comfortably more than a third (38.03%) of all songs found on TikTok were speed or pitch-modified in …Muse Group’s new backer, Francisco Partners, reports to have invested in more than 400 technology companies. In addition to Native Instruments and Kobalt Music Group, Francisco Partners has also previously invested in ticketing tech platform Eventbrite.. According to a press release, the new combined …Romania’s Global Records is an independent heavyweight. Founded in 2008 by Lucian Ștefan, the Bucharest-headquartered music company reports to have generated 11 billion streams to date, and boasts a catalog of over 1,000 recordings and more than 1,100 songs.. Global has good reason for claiming to …Application deadline: April 20, 2024. Music Business Jobs Elevate Talent. 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.Some back-of-a-napkin economics: industry sources suggest that each play on Spotify in the US, in terms of recorded music royalties, currently generates somewhere around USD $0.003 per month. This would suggest that for these tracks to generate $0.05 per month in royalties, they would need to generate 17 plays a month, or around 200 …Islington Assembly Hall – 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 ...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, …“The music industry has evolved, and independent artists are bucking tradition and approaching their careers in new, savvy ways,” Tibon said in a statement. “At Duetti, we are dedicated to making the industry more transparent and unlocking new opportunities for independent artists who are normally overlooked by the investment …The MBW Review is where we aim our microscope towards some of the music biz’s biggest recent goings-on. This time, we drill down into a remarkable set of numbers contained within MRC Data‘s new report on the US music industry in 2021. The MBW Review is supported by Instrumental.. UPDATE: The below …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 …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 …Paid subscriptions to music streaming services exceeded 500 million globally for the first time, with more than 667 million users of such accounts, the …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 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.MBW's World Leaders series speaks to Shunsuke Muramatsu, CEO of Sony Music Entertainment Japan. Interviews. ‘Bad Bunny and Rosalia are just the tip of a very large artistic iceberg. The creative force of Latin Music is unstoppable.’. In this feature, we speak to Nando Luaces, CEO of Madrid-based distributor and Latin …The music-making app, which claims to be the world’s largest, has launched a sync licensing program for its global registered user base of over 60 million music creators. The service is called ‘ BandLab Licensing ‘ and the company claims that it’s a “first-of-its-kind offering for a music creation platform”.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. 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 …Rather than pointless infighting, the music business should unite instead and “grow the pie”. That message is palpably different to the ones now being delivered by the labels themselves. From the heads of the majors, there is widespread consensus that the way in which streaming revenues are distributed needs urgent reform.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 ...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. Jul 3, 2023 · But I am hopeful that this new information will be the encouragement that the industry needs to get pricing where it should be.” News of Apple Music and Amazon Music’s lack of subscriber churn after increasing their subscription prices comes amidst growing calls for the world’s largest subscription service, Spotify, to increase its own ... 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.. ALL TABLES ON THE SHOW FLOOR HAVE NOW SOLD OUT, with just two balcony tables …Muse Group’s new backer, Francisco Partners, reports to have invested in more than 400 technology companies. In addition to Native Instruments and Kobalt Music Group, Francisco Partners has also previously invested in ticketing tech platform Eventbrite.. According to a press release, the new combined …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.Luminate also reports that Taylor Swift’s music made up 1.79% of the entire US recorded music market when a formula is applied to combine physical and digital sales plus streams into a single metric. (This metric includes Total Albums w/ TEA w/ SEA On-Demand Audio). To put the scale of Taylor Swift’s 1.79% US market share into context, …Jan 9, 2024 · XP Music Futures reports that its speakers’ gender split was 46% female to 54% male, and the percentage of regional speakers was 56% versus 44% international. The conference also hosted the XP NITE sessions, with more than 130 artists performing across seven different event stages during the three-day event. Music Business Worldwide 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 industry partners. …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 …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 …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 …Dagsboro delaware, Marine corps league, Main event austin texas, John ireland funeral home moore ok, Augusta christian, Harrah ok, Grog shop cleveland, Lakeview center, Normas cafe, Goats on a roof, Frisco woods campground hatteras, Maya mobile, Dinosaur valley rv park, Gecko geico

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Stu Bergen has been appointed interim CEO of France-headquartered music streaming platform, Deezer. His appointment to the CEO role, effective April 1, 2024, follows the recent publication of the company’s financial results for 2023 and the departure of its CEO, Jeronimo Folgueira.. Deezer generated revenues of …So, these days, TikTok’s relationship with the music industry is also developing at the speed of light. TikTok’s Global Head of Music Business Development, Ole Obermann, only last sat down with MBW in May, at a time when many people in the business saw the platform as being under pressure from the music industry to get …Luminate also reports that Taylor Swift’s music made up 1.79% of the entire US recorded music market when a formula is applied to combine physical and digital sales plus streams into a single metric. (This metric includes Total Albums w/ TEA w/ SEA On-Demand Audio). To put the scale of Taylor Swift’s 1.79% US market share into context, …Bachelor’s Degree in Music Business or related field, and experience in live event production either at a venue, management company or agency. Job type: Operations. Location: New York, United States. Application deadline: March …“The music industry has evolved, and independent artists are bucking tradition and approaching their careers in new, savvy ways,” Tibon said in a statement. “At Duetti, we are dedicated to making the industry more transparent and unlocking new opportunities for independent artists who are normally overlooked by the investment …In that op/ed, Mercuriadis noted: “The recorded music side of the business today is getting 4/5ths of the revenue, operating on an 80% gross margin and a 40% net margin – and in most cases record companies own catalogue music masters in perpetuity. Very few famous artists own their masters.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 …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 ...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 …Aug 10, 2021 · The major music companies now turn over $2.5m every hour – and will generate more than $20bn between them this year. BTS were the biggest revenue-generating artist for Universal in Q2 - despite releasing most of their music via Sony Music. BTS and Big Hit distribute the band's Japanese-language music via UMG. MBW’s number-crunching tells us ... The 10 Biggest Music Business Stories & Trends of 2022: TikTok, Taylor, Web3 & More. As the year winds down, a look back at the biggest moves, …Jan 30, 2024 · However, the report did note “encouraging” signs that women are making inroads into the music industry, citing a 2022 report from Music UK showing that the share of women in higher level roles in the industry is growing, with women in senior-level roles rising from 40.5% in 2020 to 45.1% in 2022. 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 a seismic …Feb 29, 2024 · Senior music industry sources, however, have disagreed with this assessment. Speaking to MBW, a number of music execs have estimated that somewhere between 60% and 80% of “relevant repertoire” on TikTok – i.e. current and proven hits – would be impacted by TikTok’s removal of UMG’s (combined) publishing and recorded music repertoire. In another case, Sony Music and Warner Music Group are seeking $1.6 billion. Another closely-watched case was filed by the major recording …Francisco Partners is a US-headquartered global investment firm with approximately $45 billion in capital raised to date. Last year, it acquired another well-known company in music – music-making platform Native Instruments – for an undisclosed fee. Discussing his firm’s majority-sale to FP, Willard Ahdritz, Kobalt …Mar 16, 2024, 5:41 AM PDT. Shigeichi Negishi, the inventor of the first karaoke machine, has died. He was 100. Getty. Shigeichi Negishi invented the first …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 13, 2023 · According to company data shared with Music Business Worldwide, SoundCloud is currently on course to post a slim – but positive – EBITDA for calendar/fiscal 2023. The firm’s internal guidance shows that it’s currently projecting annual revenues of EUR €288 million (USD $310m) for 2023, up 7.5% YoY or 9% YoY at constant currency (USD). 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 …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 …Francisco Partners is a US-headquartered global investment firm with approximately $45 billion in capital raised to date. Last year, it acquired another well-known company in music – music-making platform Native Instruments – for an undisclosed fee. Discussing his firm’s majority-sale to FP, Willard Ahdritz, Kobalt …They have worked together for several years and all move up from previous positions at AWAL, having joined before Sony acquired the company from Kobalt in 2021 for $430 million (a process that needed to go through regulatory approval from the Competition and Markets Authority (CMA) before being given …Luminate also reports that Taylor Swift’s music made up 1.79% of the entire US recorded music market when a formula is applied to combine physical and digital sales plus streams into a single metric. (This metric includes Total Albums w/ TEA w/ SEA On-Demand Audio). To put the scale of Taylor Swift’s 1.79% US market share into context, …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. 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 ... 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…. Music Business Worldwide. News United States United Kingdom Blokur Jeremy Verba Music Reports Phil Barry Songdex. Related Posts. Harry Fox rival Music Reports acquired by private equity firm MidOcean Partners. Pandora looks to avoid Spotify’s royalty lawsuits with Music Reports deal.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. MBW's World Leaders series speaks to Shunsuke Muramatsu, CEO of Sony Music Entertainment Japan. Interviews. ‘Bad Bunny and Rosalia are just the tip of a very large artistic iceberg. The creative force of Latin Music is unstoppable.’. In this feature, we speak to Nando Luaces, CEO of Madrid-based distributor and Latin …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 maximise their income and reduce their touring costs. It was a big week for stats …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. Music Business Worldwide. News United States Roc Nation. Related Posts. Brett Yormark named COO at Roc Nation. Jay Z’s Roc Nation to launch new multimedia brand, EDITION. Jay Z’s Roc …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 ... Music Business Worldwide. Analysis News Stat Of The Week. Related Posts. This d4vd track recorded on BandLab’s free app just surpassed 1 billion streams on Spotify. Over 38% of music on TikTok is ‘modified’, says study that analyzed 100 million audio tracks on the platform.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, …The $2.330 billion figure was up 8.3% year-on-year (vs. calendar Q3 2022) at US dollar-converted constant currency.. In monetary terms, Sony’s overall music rights operation (recorded music plus music publishing) generated approximately $177.8 million more in calendar Q3 2023 than in the prior-year …Music Business Worldwide (MBW) is the leading information and jobs service for the global music industry. It publishes two podcasts: The weekly …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.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 …November 8, 2023. By Music Business Worldwide. Credit: Alex Davison / MBW. Danny D (aka Danny Poku) and Tim Blacksmith brought the night to a close with a speech that brought the house down, collecting the Sir George Martin Award.Sep 26, 2023 · 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. So, these days, TikTok’s relationship with the music industry is also developing at the speed of light. TikTok’s Global Head of Music Business Development, Ole Obermann, only last sat down with MBW in May, at a time when many people in the business saw the platform as being under pressure from the music industry to get …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 …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 ... Music Business Worldwide (MBW) is a free, in-depth news, insight and analysis platform for the international music industry. As a UK-based site with a global …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.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…. November 8, 2023. By Music Business Worldwide. Credit: Alex Davison / MBW. Danny D (aka Danny Poku) and Tim Blacksmith brought the night to a close with a speech that brought the house down, collecting the Sir George Martin Award.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 …Jan 4, 2024 · The words of JT Myers, co-CEO of Virgin Music Group (VMG) in an interview with MBW published shortly before the end of 2023.. Today (January 4), as 2024 rubs the sleep from its eyes, we receive some news that indicates just how keen Myers and his co-CEO at VMG, Nat Pastor, are on Latin music and its artists. 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 …(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.Listen to podcasts on the latest topics and trends in the global music business, from streaming to AI, from catalogs to superfans. Interviews with …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 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. The major record companies release around 3,900 tracks every day. Their problem? That’s a drop in the ocean. Luminate CEO, Rob Jonas, at SXSW 2023: "Just under half of all the musical content we're tracking within our system has been created since the beginning of 2020."Jan 9, 2024 · XP Music Futures reports that its speakers’ gender split was 46% female to 54% male, and the percentage of regional speakers was 56% versus 44% international. The conference also hosted the XP NITE sessions, with more than 130 artists performing across seven different event stages during the three-day event. Music Business Worldwide . 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