Welcome to Music Enterprise Worldwide’s weekly round-up – the place we make sure that you caught the 5 greatest 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 maximise their earnings and scale back their touring prices.
Sony’s international music rights operation – throughout recorded music and music publishing – generated USD $1.988 billion within the three months to finish of March 2022.
That’s in keeping with MBW’s calculations primarily based on Sony Group Corp’s fiscal This fall (calendar Q1) outcomes, as introduced by the Japanese agency earlier this week.
Warner Music Group, in the meantime, generated USD $1.376 billion within the first three months of 2022. That determine was up 13.2% year-on-year at fixed forex, the agency instructed buyers this week.
Warner revealed these numbers as a part of its fiscal Q2 (calendar Q1) monetary outcomes.
Additionally this week, we realized that Pink Floyd is contemplating promoting their recorded music catalog for tons of of hundreds of thousands of {dollars}.
Bloomberg sources prompt that representatives for the enduring British band have reached out to potential consumers within the music enterprise.
Now, a brand new report from the Monetary Instances means that Warner Music Group and KKR-backed BMG are among the many corporations competing for that deal – and that bids are flying in above the half-billion-dollar mark…
In response to the FT, citing individuals aware of the talks, the value of the deal, if agreed, has the potential to exceed what Sony Music paid for Bruce Springsteen’s recorded music and publishing catalogs, in music’s first $500-plus million artist catalog deal.
Elsewhere, Snapchat was sued by a subsidiary of SUISA, the gathering society for songwriters and publishers in Switzerland, whereas ByteDance and TikTok have been hiring for A&R execs in London, Los Angeles and Sao Paulo.
Sony’s international music rights operation – throughout recorded music and music publishing – generated USD $1.988 billion within the three months to finish of March 2022.
That’s in keeping with MBW’s calculations primarily based on Sony Group Corp’s fiscal This fall (calendar Q1) outcomes, as introduced by the Japanese agency earlier this week.
The $1.988 billion determine was up 13.5% year-on-year (vs. calendar Q1 2021) at US dollar-converted fixed forex….
Warner Music Group generated USD $1.376 billion within the first three months of 2022.
That determine was up 13.2% year-on-year at fixed forex, the agency instructed buyers this week.
Warner revealed these numbers as a part of its fiscal Q2 (calendar Q1) monetary outcomes.
These outcomes additionally revealed a number of different attention-grabbing figures throughout each WMG’s recorded music and music publishing operations…
We realized earlier this week that Pink Floyd is contemplating promoting their recorded music catalog for tons of of hundreds of thousands of {dollars}.
Bloomberg sources prompt that representatives for the enduring British band have reached out to potential consumers within the music enterprise.
Immediately (Could 13), one other report, this time from the Monetary Instances, means that Warner Music Group and KKR-backed BMG are among the many corporations competing for that deal – and that bids are flying in above the half-billion-dollar mark…
The Snapchat story has, by most accounts, been a rosy one for the music enterprise in latest occasions.
The Snap Inc.-owned platform has struck licensing agreements with the likes of Warner Music Group, Common Music Group, and Sony Music Leisure previously two years – throughout a interval the place Snapchat’s consumer base has grown significantly.
Certainly, in Snap’s most up-to-date quarterly fiscal outcomes (Q1 2022), introduced final month, the corporate confirmed that it now reaches 332 million Each day Energetic Customers (DAU) globally – up by 52 million, or 18%, year-over-year.
Nevertheless, yesterday (Could 12), relations between the music biz and Snapchat took a bitter flip…
Final week, we requested if TikTok was slowly turning right into a report firm.
The catalyst for that article, in addition to the launch of TikTok’s distribution and artist incubator platform SoundOn in March, was a job advert posted by father or mother firm ByteDance for an A&R govt in Jakarta.
In response to that advert, one of many obligations listed for the position is “discovering and signing new music expertise”.
That bought us pondering. With TikTok performing capabilities for artists like advertising, distribution, discovery and improvement, is the platform on its method to changing into a report label?
This week introduced a brand new layer to this story: ByteDance and TikTok seem to have gone international of their seek for each skilled A&Rs and new artists, with job advertisements for A&R Managers popping up in London, Los Angeles and Sao Paulo (Brazil)…
