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 revenue and scale back their touring prices.
This week, Common Music Group partnered with TIDAL to discover what they name a “new financial mannequin for music streaming”
Based on the announcement issued by the 2 firms, their analysis will cowl how totally different financial fashions “may speed up subscriber development, deepen retention, and higher monetize fandom to the good thing about artists and the broader music neighborhood”.
The announcement got here three weeks after UMG Chairman and CEO Sir Lucian Grainge despatched a memo to UMG workers, by which he referenced the corporate’s desire for a swap to an “artist-centric” mannequin to rework the best way that artists and rightsholders are paid by streaming providers.
Additionally this week, as first reported by Bloomberg, and confirmed to MBW by a number of sources, numerous TikTok customers in Australia are being restricted from including some main label-licensed music to their movies.
Our sources counsel TikTok is aiming to make use of the outcomes of the experiment of their subsequent spherical of report firm licensing negotiations…
Elsewhere, on Monday (January 30), it was introduced that Hartwig Masuch is stepping down as CEO of Bertelsmann-owned BMG on the finish of the yr.
He will likely be succeeded by Thomas Coesfeld, who joined Berlin-headquartered BMG as CFO in April 2021.
Elsewhere, BandLab reached 60 million registered creators on its service, whereas Spotify grew its international paying subs viewers to 205 million in This autumn 2022.
Right here’s what occurred this week…
1) UNIVERSAL PARTNERS WITH TIDAL TO DEVELOP ‘MORE ARTIST AND FAN-FRIENDLY’ STREAMING MODEL
For the previous three weeks, the music trade has been pondering Sir Lucian Grainge‘s ideas on potential various streaming payout fashions.
In a memo despatched to UMG workers on January 11, Common Music Group’s Chairman and CEO referenced UMG’s desire for a swap to an “artist-centric” mannequin to rework the best way that artists and rightsholders are paid by streaming providers.
This week, UMG introduced an fascinating alliance with TIDAL that can see the 2 firms work collectively to discover what they name “an progressive new financial mannequin for music streaming which may higher reward the worth offered by artists….”
2) TIKTOK IS TRYING TO PROVE THAT IT DOESN’T NEED MAJOR LABEL MUSIC – AND THE EYES OF THE INDUSTRY ARE UPON IT.
A significant story is brewing in Australia that might have far-reaching implications for the worldwide music trade’s relationship with video big TikTok.
As first reported by Bloomberg, and confirmed to MBW by a number of sources, numerous TikTok customers in Australia now not have the selection to make use of some main label-licensed music of their movies.
In different phrases: TikTok has eliminated main report firm music from its service for a subset of customers in Oz.
Why? Our sources counsel TikTok is aiming to make use of the outcomes of the experiment of their subsequent spherical of report firm licensing negotiations…
3) THOMAS COESFELD: ‘I AM DETERMINED BMG WILL GROW EVEN BIGGER AND MORE SUCCESSFUL UNDER MY LEADERSHIP.’
On Monday (January 30), BMG introduced that its CEO for the previous decade-and-a-half, Hartwig Masuch, is to step down from that position on the finish of 2023.
Taking Masuch’s place as CEO? BMG‘s present CFO, Thomas Coesfeld, who will likely be elevated to Chief Government of the Bertelsmann-owned music firm in January 2024.
Subsequent to breaking the information this morning, MBW obtained two memos from Masuch and Coesfeld respectively despatched to BMG’s 1,100 workers members…
4) SPOTIFY WANTS 50 MILLION CREATORS ON ITS PLATFORM BY 2030. BANDLAB ALREADY HAS 60 MILLION.
BandLab is a music creation platform that provides a set of instruments for creators to “make music, share their music with followers, earn a residing, and even prime the charts”.
This week, the Singapore-headquartered agency confirmed to MBW that it now boasts over 60 million registered creators on its service, up from the 50 million milestone that it surpassed in June final yr.
Which means BandLab has added round 10 million creators to its platform in little over six months – having already added 20 million within the 15 months between March 2021 and June 2022…
5) SPOTIFY PAYING SUBSCRIBERS REACHED 205M IN This autumn 2022, UP BY 10M ON THE PREVIOUS QUARTER
Spotify’s This autumn 2022 outcomes are in.
The music streaming firm added one other 10 million internet Premium subscribers to its consumer base in This autumn 2022 (the three months to finish of December), taking its complete international paying subs viewers to 205 million.
These 205 million subscribers marked Premium Subscriber development of 14% YoY, and three million above the corporate’s steerage. This development was aided, in response to Spotify, by promotional consumption and family plans…”
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.
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