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 cut back their touring prices.
This week, Common Music Group mother or father Vivendi confirmed it’s inspecting a proposal to spin 60% of the music firm out from the French firm’s company possession, and for UMG to begin buying and selling on the Euronext Amsterdam inventory alternate by the top of 2021.
In the meantime, Irving Azoff’s Iconic Artists Group has acquired a controlling stake in The Seaside Boys’ mental property in what appears more likely to be a $100m-plus deal.
Elsewhere, UMG and Korea’s Large Hit Leisure introduced particulars of a “historical past making mission” that can see the 2 firms collectively assemble and debut a brand new Ok-pop boy band.
Additionally, Warner Music Group (WMG) has made an funding in Saudi Arabia’s Rotana Group-owned Rotana Music – claimed to be the biggest file label within the Center East – in a deal believed to be an eight-figure acquisition for a minority stake.
And, a whole of 20 DSPs, together with Spotify, Apple and Amazon have transferred a mixed $424.38 million in accrued historic unmatched royalties to The Mechanical Licensing Collective (MLC).
1) Confirmed: Common Music Group set to go public on Euronext Amsterdam inventory alternate this yr
Appears like Common Music Group goes public this yr – in Amsterdam.
UMG mother or father Vivendi has confirmed it’s inspecting a proposal to spin 60% of the music firm out from the French firm’s company possession, and for UMG to begin buying and selling on the Euronext Amsterdam inventory alternate by the top of 2021.
Arnaud de Puyfontaine and Yannick Bolloré (Vivendi’s CEO and the Chairman of its Supervisory Board, respectively), knowledgeable their colleagues of the information on Saturday morning (February 13).
A brand new Vivendi investor launch reveals additional particulars, noting that following the current sale of UMG fairness to a Tencent-led consortium for a €30 billion enterprise worth, Vivendi has seen “pursuits expressed by different buyers at probably larger costs” for stakes in Common.
Vivendi confirms that its administration board is now contemplating “a distribution of 60% of UMG’s share capital to Vivendi shareholders” by way of a “particular dividend”…
2) IRVING AZOFF BUYS BEACH BOYS RIGHTS IN WHAT LOOKS LIKELY TO BE A $100M-PLUS DEAL
Irving Azoff’s Iconic Artists Group has acquired a controlling stake in The Seaside Boys’ mental property, together with the band’s sound recordings, model, choose musical compositions, and memorabilia.
In line with a press launch, The Seaside Boys and their heirs will retain an curiosity of their belongings “to take part within the upside Iconic expects to create by actively advertising and marketing and selling” the band.
Nonetheless, a lot of the band’s evergreen Sixties-era catalog stays owned by Common Music Group, which acquired Seaside Boys recordings by way of the $1.9bn buyout of EMI Music in 2012.
Common’s Bruce Resnikoff instructed Rolling Stone: “We’ve got the unique recordings, and we now have the publishing, however our potential to do probably the most with this band depends on the flexibility to work with the band. Iconic will signify the band in a means that can solely improve, I believe, the worth for everyone…
3) BIG HIT AND UNIVERSAL ‘REWRITE GLOBAL MUSIC HISTORY’ WITH JOINT Ok-POP LABEL, EXPANDED PARTNERSHIP
Common Music Group and Korea’s Large Hit Leisure have introduced particulars of a “historical past making mission” that can see the 2 firms collectively assemble and debut a brand new Ok-pop boy band.
The as-yet-undiscovered group’s music will likely be launched below a brand new Los Angeles-based three way partnership file label created by Large Hit in partnership with UMG and the latter firm’s Geffen Information.
UMG boss Sir Lucian Grainge says the mission will “additional speed up Ok-pop as a world cultural phenomenon”.
Members of the Ok-pop group will likely be chosen by way of a world audition program which, based on Common and Large Hit, is on monitor to start in 2022 and will likely be launched along with a significant US media companion…
4) WARNER MUSIC GROUP BUYS MINORITY STAKE IN SAUDI ARABIA’S ROTANA MUSIC
Warner Music Group (WMG) has made an funding in Saudi Arabia’s Rotana Group-owned Rotana Music, which is claimed to be the biggest file label within the Center East.
The deal – believed to be an eight-figure acquisition for a minority stake – will broaden WMG’s presence within the Center East and North African (MENA) area.
Final month, citing folks accustomed to the matter, the Wall Road Journal reported that WMG was near sealing a deal for a minority stake in Rotana Music that might worth the Saudi firm “at near $200 million”…
Photograph Credit score: Giorgio Trovato
5) SPOTIFY, APPLE AND OTHERS PAY $424.38M IN HISTORICAL UNMATCHED ROYALTIES TO MECHANICAL LICENSING COLLECTIVE
A complete of 20 DSPs have transferred a mixed $424.38 million in accrued historic unmatched royalties to The Mechanical Licensing Collective (MLC) as required to ensure that them to hunt the Music Modernization Act’s (MMA) limitation on legal responsibility for previous infringement.
These DSPs, together with Spotify, Apple Music, Amazon, SoundCloud and others, additionally delivered greater than 1,800 information information, which include in extra of 1.3 terabytes and 9 billion traces of knowledge.
Of that $424.38m, $163.3m was acquired from Apple, $152.2m from Spotify, whereas Amazon and Google transferred $42.7m and $32.8m, respectively…
Welcome to Music Enterprise Worldwide’s weekly round-up – the place we ensure 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 cut back their touring prices.Music Enterprise Worldwide
