Welcome to Music Enterprise Worldwide’s weekly round-up – the place we make certain 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 revenue and scale back their touring prices.
One of many business’s largest speaking factors of the 12 months gave us much more to speak about this week.
Common Music Group, which is ready to go public on the Euronext Amsterdam Inventory Trade on Tuesday (September 21), has printed its pre-listing prospectus, providing potential buyers a take a look at what makes the Common wheels flip.
The doc is a treasure trove of perception into the world’s largest rightsholder, revealing, for instance, that no single artist accounted for greater than 1% of the corporate’s recorded music income in 2020.
We additionally discovered who’ll be making up the agency’s board after it lists in Amsterdam, and that French businessman and ex-Vivendi Chairman Vincent Bolloré’s ‘Bolloré Entities’ will personal $7bn-plus of Common’s shares following the IPO.
In the meantime, UMG’s NASDAQ-listed rival Warner Music Group introduced this week that, from 2023, it is going to be representing the whole post-1968 recordings catalog of David Bowie worldwide.
Which means that Bowie’s more moderen recordings (2000-2016), which have been launched by Columbia/Sony Music, will grow to be a part of Warner’s repertoire. These albums will be a part of Bowie’s 1968 to 1999 recordings, which Warner Music already represents.
Bowie’s catalog coming to Warner is the newest information from an rising pattern of sure famous person artists hanging offers to deliver their whole recording catalogs to particular person main document firms.
Two different examples embody Madonna, whose Maverick/Dwell Nation/Interscope recordings (2012-2019) will transfer to Warner Music in 2025, becoming a member of her traditional Sire/Warner Bros catalog beneath one roof; and Aerosmith, whose Columbia/Sony Music recordings will go to Common Music Group from 2022, and be united with the band’s Geffen/UMG recordings from the ’80s and ’90s.
Elsewhere, the Recording Trade Affiliation of America (RIAA) revealed this week that in the US, on a retail foundation, recorded music revenues out there (cash spent on streaming subscriptions, in addition to bodily and digital music), grew $1.5 billion or 27% year-on-year, to $7.1 billion in H1 2021.
Additionally this week, Dwell Nation Leisure struck a deal to purchase a majority (51%) stake in Mexico-based live performance promoter OCESA Entretenimiento for practically $450 million, and the UK’s Competitors and Markets Authority introduced that it’s shifting its inquiry into Sony Music’s acquisition of AWAL to ‘Part Two’..
Right here’s what it is advisable know…
1) MEET UNIVERSAL MUSIC GROUP’S NEW BOARD
Some 60% Common Music Group will probably be listed on the Amsterdam Euronext inventory trade on Tuesday (September 21), leaving present guardian Vivendi with simply 10% possession of UMG.
This week, we discovered an entire lot extra in regards to the firm
Common is right now – and can grow to be tomorrow – through a prospectus printed by UMG for its present and future shareholders.
Along with key particulars about UMG’s funds, we additionally discovered for the primary time who’ll be making up the agency’s board after it lists in Amsterdam….
2) US recorded music revenues grew $1.5bn in H1 2021 in comparison with the primary half of final 12 months
The US recorded music market was off to a flying begin within the first six months of 2021.
On a retail foundation, recorded music revenues within the US (cash spent on streaming subscriptions, in addition to bodily and digital music), grew $1.5 billion or 27% year-on-year, to $7.1 billion in H1 2021 (from $5.6 billion in H1 2020).
Thats based on the Recording Trade Affiliation of America (RIAA), which confirmed these new stats on Monday (September 13) in its 2021 Mid-Yr Music Trade Income Report.’.
The expansion within the recorded music market in H1 was primarily pushed by music streaming, together with paid subscription providers, ad-supported providers, digital and customised radio, in addition to licenses for music on Fb and digital health apps, which in complete, grew 26% to $5.9 billion in H1 2021..
3) DAVID BOWIE’S ENTIRE CATALOG IS COMING TO WARNER MUSIC FROM 2023
Warner Music has introduced that, from 2023, it is going to be representing the whole post-1968 recordings catalog of David Bowie worldwide.
Which means that Bowie’s more moderen recordings (2000-2016), which have been launched by Columbia/Sony Music, will grow to be a part of Warner’s repertoire. They embody albums like 2016’s Blackstar, plus Heathen, Actuality, and The Subsequent Day.
These albums will be a part of Bowie’s 1968 to 1999 recordings, which Warner Music already represents.
Warner has achieved so since 2013, when the corporate acquired Parlophone Label Group for GBP £487 million – an enforced disposal from Common Music Group’s acquisition of EMI Music…..
4) LIVE NATION TO BUY MAJORITY STAKE IN LATIN AMERICA’S BIGGEST CONCERT PROMOTER FOR $450M
Dwell occasions large Dwell Nation Leisure has struck a deal to purchase a majority (51%) stake in Mexico-based live performance promoter OCESA Entretenimiento for practically $450 million.
The deal, first reported by the Wall Road Journal, is predicted to shut by the tip of this 12 months, or the beginning of 2022 and is priced at 8.84 billion Mexican pesos (approx $444 million).
Dwell Nation initially entered into an settlement to purchase 51% of OCESA, Latin America’s largest live performance promoter, for over $400m in summer season 2019, however pulled out of the deal in Might final 12 months through the stoop within the international live performance enterprise because of the COVID disaster…
5) WOULD AWAL REALLY HAVE THRIVED HAD IT NOT BEEN SOLD TO SONY MUSIC?
Sony Music having to eliminate AWAL because of a UK competitors watchdog’s clampdown: it’s not a prospect many within the music business would relish.
Even Sony’s fiercest rivals – Common and Warner – would absolutely have grave considerations in regards to the “chilling impact” such an final result may need available on the market.
Then there’s the uncertainty for AWAL itself, to not point out its artists, which embody the likes of Woman In Purple, Finneas, and Little Simz.
But it’s an final result that took an extra step in the direction of changing into a actuality right now, with the UK’s Competitors and Markets Authority asserting that it’s shifting its inquiry into Sony’s acquisition of AWAL to ‘Part Two’….
MBW’s Weekly Spherical-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and scale back their touring prices.Music Enterprise Worldwide