Welcome to Music Enterprise Worldwide’s weekly round-up – the place we ensure that you caught the 5 largest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their earnings and scale back their touring prices.
After a comparatively quiet few weeks within the music enterprise over the summer season, this week was something however.
On Wednesday (September 6), France-based music streaming service Deezer and Common Music Group introduced the launch of what they name the “first complete artist-centric streaming mannequin”.
The mannequin will see Deezer attribute what it says is “a double enhance” [i.e double the stream weighting] to “skilled artists” who’ve a minimal of 1,000 streams monthly by a minimal of 500 distinctive listeners.
One other key aspect of the mannequin: what Deezer calls “non-artist noise audio” will probably be de-monetized.
In the meantime, right now (September 8), Harmony introduced that it’s set to purchase Spherical Hill’s UK-listed royalty fund in an enormous $468.8 million deal.
Additionally this week, a bombshell report arrived in Sweden from the Svenska Dagbladet newspaper about streaming fraud on Spotify. Based on the newspaper, crime networks with hyperlinks to medicine and lethal violence have for years been utilizing the platform for cash laundering.
Svenska Dagbladet helps these claims by citing protected sources – together with 4 precise prison gang members based mostly in Sweden and an nameless police agent.
Plus, Warner Music Group entered right into a JV with Elliot Grainge‘s 10K Tasks, whereas Exceleration Music introduced its acquisition of impartial distribution/companies firm Redeye.
Common Music Group’s proposed ‘artist-centric’ royalty mannequin for streaming companies has been a giant speaking level for the worldwide business this 12 months – although the finer particulars of what the mannequin may entail hasn’t all the time been clear.
This week, that’s all modified. Deezer and UMG have introduced the launch of what they name the “first complete artist-centric streaming mannequin”, designed, in response to the businesses, “to raised reward the artists, and the music that followers worth essentially the most”.
Deezer will launch the mannequin in France subsequent month (October 2023) with extra markets globally to comply with within the new 12 months…
Earlier this summer season, MBW reported that Harmony had over USD $550 million in contemporary capital to spend on acquisitions. The corporate’s CEO, Bob Valentine, advised us with confidence: “There are nonetheless alternatives within the market for sizeable acquisitions.”
Nicely, right now (September 8), Harmony has confirmed that it’s on the verge of pulling off one heck of a sizeable transaction.
Alchemy Copyrights, LLC, buying and selling as Harmony, has agreed phrases on a deal whereby it’s going to purchase the whole thing of Spherical Hill Music Royalty Fund (RHM) – the UK-listed fund operated by Spherical Hill Music.
The deal values your complete issued and to-be-issued share capital of RHM – which at the moment trades on the London Inventory Alternate – at roughly USD $468.8 million, the 2 corporations stated in an announcement right now.
Beneath the phrases of the acquisition, Spherical Hill’s scheme shareholders will obtain USD $1.15 per share in money…
It’s no secret that streaming fraud exists. It’s a factor of nice concern for the music enterprise, and an enormous problem (aka recreation of whack-a-mole) for music streaming platforms like Spotify to take care of.
Now, an explosive new report from Svenska Dagbladet in Sweden focuses on the tip function of streaming fraud on Spotify for organized criminals: laundering cash.
Based on the newspaper, crime networks with hyperlinks to medicine and lethal violence have for years been utilizing the platform for this function…
Warner Music Group has entered right into a three way partnership with 10K Tasks, the Los Angeles-based label based in 2016 by Elliot Grainge.
10K Tasks will change into a standalone label throughout the WMG ecosystem, bringing its roster and staff into the WMG fold.
It’s understood that Warner will personal barely north of fifty% of 10K Tasks because of the deal, with Grainge sustaining practically half of the corporate…
Large information on the planet of distribution. Unbiased digital and bodily distribution/companies firm Redeye has been acquired by Exceleration Music for an undisclosed sum.
Redeye represents a number of of the world’s most important impartial labels, within the US and globally, together with Beggars Group, Domino, New West, Yep Roc, Sundazed, Saddle Creek, Mother+Pop, Kemado/Mexican Summer time, Stones Throw, Warp, Drag Metropolis, Actual Gone, Revolutionary Leisure, Carpark, !K7, Thrill Jockey, Luaka Bop, Partisan, Sargent Home, Ninja Tune, Barsuk, and Daptone, in addition to Exceleration’s personal labels.
Based by Tor Hansen and Glenn Dicker, Redeye is headquartered in North Carolina, with a staff of over 120 throughout 15 areas spanning the US, Canada, Europe, the UK and Australia….
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.