Welcome to Music Enterprise Worldwide’s weekly round-up – the place we make sure 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 maximise their earnings and cut back their touring prices.
In keeping with an impartial valuer quoted in HSF’s monetary filings (and as reported by MBW final yr), HSF’s portfolio of copyrights was value USD $2.55 billion on the finish of September 2021.
Six months later (as per HSF’s new annual report) and that very same impartial valuer now says that – as of finish of March 2022 – Hipgnosis Songs Fund’s portfolio was value $2.69 billion.
In different phrases, over the course of six months, Hipgnosis grew in worth by $140 million. Curiously, this $140 million progress was achieved by HSF with out shopping for a single catalog within the six months to finish of March.
Elsewhere this week, US-based social video firm Triller printed an open letter from its CEO Mahi de Silva, calling for “each American” to delete its rival TikTok.
Throughout the letter, which echoes safety issues raised by officers within the US in regards to the ByteDance-owned app, Triller’s CEO claims that “there isn’t a doubt that TikTok performs a central function in enabling surveillance networks inside and out of doors China”.
The publication of Triller’s letter follows final month’s information that the corporate has filed to go public within the US on the NASDAQ.
Talking of TikTok, this week, MBW requested how a lot TikTok truly paid the music business from its $4 billion in revenues final yr. As a proportion of that complete 2021 turnover, the quantity TikTok is estimated to have paid recorded music rightsholders ($179m) works out at 4.5%.
Additionally this week, Three Six Zero acquired the enduring SARM Music Village in London, whereas HYBE, the corporate behind Ok-pop stars BTS, struck a world content material cope with The Walt Disney Firm.
Earlier than we dig into that, and our headline above, the now-standard little bit of housekeeping:
Hipgnosis Songs Fund (HSF) is the publicly-traded UK fund that IPO’d on the London Inventory Change in 2018;
Its funding advisor is Hipgnosis Tune Administration (HSM), which is run by Merck Mercuriadis and his staff;
Blackstone final yr privately invested a billion US {dollars} in a brand new Hipgnosis fund, Hipgnosis Songs Capital (HSC), along with making an undisclosed funding in Hipgnosis Tune Administration;
The latter firm (HSM) is just not solely tasked with discovering catalog acquisition alternatives for each HSF and HSC, but additionally with maximizing returns from their owned catalogs vis sync, advertising and marketing, streaming and many others.
What was notably attention-grabbing about Hipgnosis Songs Fund (the UK-listed entity) within the second half of its newest fiscal yr? It didn’t spend a single penny on catalogs.
Should you listened to the MBW’s most up-to-date Speaking Tendencies podcast – and 1000’s of you have already got – you could have picked up on a very related knowledge level for the trendy music enterprise.
In keeping with MBW’s learn of Goldman Sachs‘ newest Music In The Air report, TikTok paid recorded music rightsholders (i.e. labels and artists) a grand complete of round $179 million in 2021.
Now. In keeping with Bloomberg, TikTok generated revenues approaching $4 billion globally in 2021. TikTok is predicted to triple this determine to $12 billion in 2022.
As a proportion of that complete 2021 turnover, the quantity TikTok is estimated to have paid recorded music rightsholders ($179m) subsequently works out at 4.5%.
All the pieces’s acquired a bit cozy this summer season.
We haven’t had a correct public falling out within the music business for a while now. However, up steps Triller.
This week, the US-based social video firm printed an open letter from its CEO Mahi de Silva, calling for “each American” to delete its rival TikTok.
The letter, wherein Triller’s CEO “calls for each American to delete TikTok at present and the US Authorities to take direct and overdue motion to ban TikTok”, echoes safety issues raised by officers within the US.
World artist administration firm Three Six Zero has acquired the enduring SARM Music Village in London.
The recording facility, situated in Notting Hill, West London, homes six studios (generally referred to as ‘SARM Studios’) and a collection of purpose-built workplaces. It had been owned, till now, by Grammy-winning producer Trevor Horn.
SARM Music Village has hosted studio periods from famous person artists together with Paul McCartney, Rihanna, Dua Lipa, Madonna, One Route, Stormzy, Lana Del Rey, Paolo Nutini, Charli XCX, Mark Ronson, and Florence & The Machine.
The Walt Disney Firm Asia Pacific and Korean music large HYBE have signed a world content material deal.
The settlement contains the worldwide distribution of 5 main content material titles from HYBE, which embrace two unique collection that includes the corporate’s flagship Ok-pop group, BTS.
Within the press launch asserting its strategic collaboration with HYBE, Disney says that it’ll introduce a collection of latest titles from HYBE over the subsequent few years, “because the leisure platform continues to provide high-quality content material primarily based on its music and artists’ IPs”.
