Welcome to Music Business Worldwide’s weekly roundup. Here you can be sure to catch his 5 biggest stories that have made headlines in the past 7 days. MBW Roundup is supported by: Centriphelps over 500 of the world’s best-selling artists maximize income and reduce touring costs.
This week earthquake shaking In the music copyright business in the United States, according to an announcement by a performance rights organization, BMI sold to a private equity firm new mountain capital.
Pricing has not been disclosed, but BMI said it will kick off 100 million dollars of sales revenue songwriter and publisher “affiliate”.
Another important part of this announcement: Capital G – alias Google/Alphabet “Independent Growth Fund” – Acquire. Passive minority stake At BMI.
This week too, spotify We’ve confirmed the details of the changes planned for payment model Among the changes (as MBW first reported last month ) is a new minimum stream threshold before tracks on the platform start accruing royalties.
On the other hand, among us, MBW explains series, hear the reason sony music entertainment It is the only company out of the three major record companies that does not have a contract. dream track on youtube Experiment using A.I. To enable creators to Clone a superstar artist’s vocals. MBW reported elsewhere: universal music group submission to United States Copyright OfficeNotification of inquiries regarding Copyright and AI.
Finally, a new report from the US Market Monitor luminateIn response to a commission from tick tockI found that 62% A higher percentage of TikTok users in the U.S. pay for music streaming subscriptions compared to 43% of all consumers.
Here’s what happened this week…
1) BMI sold to a group led by New Mountain Capital. Google/Alphabet Fund acquires minority stake in his PRO. $100 million goes to publishers and songwriters
We’ve known about the private equity firm for some time. New Mountain Capital (NMC) – Majority Owner of Music Industry Evaluator Citrine Cooperman – Acquisition negotiations underway BMI. The transaction now appears to be complete.
NMC finished USD $45 billion On Tuesday (November 21), the company confirmed it would “lead a group of shareholders” to acquire a majority stake. BMI.
The most surprising part is BMI Official announcement today? N.M.C. “Shareholder Group” includes: Google’s parent company Alphabet. Capital G – alias Google/Alphabet “Independent Growth Fund” – Acquire. Passive minority stake In PRO.
moreover, BMI Assigned by current shareholders 100 million dollars Of the proceeds of the proposed sale of songwriters, composers, and publishers to affiliates, [their] “Creativity” immediately after the transaction is completed…
2) Spotify details how its loyalty model will change in 2024
2) Spotify details how its loyalty model will change in 2024
MBW announced the news last month that major changes were coming. Spotify Loyalty model launched in Q1 2024.Currently, Spotify is Confirmed What exactly is that change?
The music streaming company has published a new blog post on Spotify for Artists, introducing what it calls “new policies to better support those who rely most on streaming revenue as part of their livelihood.”
Spotify’s new policy aims to address three key issues: (1) “Further deterrence” artificial streaming(2) To “distribute more appropriately” small payment That doesn’t reach the artists. ” (3) “Cutting down those who try to abuse the system.” noise”.
By addressing these issues, streaming companies are hoping that “more 1 billion dollars Over the next five years, revenues for emerging and professional artists will increase. ”
3) Sony Music artists are not involved in YouTube’s new voice cloning AI experiment. Not unrelated: Google’s recent filing with the U.S. Copyright Office.
November 16th, YouTube We have announced a revolutionary new experiment – ’dream truck‘ – Allows creators to clone vocals. AI technology And we have the official approval of famous stars.
But something noticeable is missing. Any support from the world’s second largest record company sony music entertainmentor the artist.
nearby sources sony music The head office in New York proposed: M.B.W. What the company is doing “Artist-led” An approach to experimentation using any AI platform that can manipulate roster work (or voice).
For YouTube, “Dream Truck”MBW understands. Small and medium-sized enterprises initially offered many artists the opportunity to participate, but this group did not show any enthusiasm for participating…
4. What does Universal Music Group actually think about generative AI and copyright law?
universal music group has been one of the most outspoken advocates of copyright protection in the copyright epidemic. Voice imitation using AIThis year, technology has been developed to generate melodies, chords, and lyrics.
recently, UMG submitted a written response to United States Copyright OfficeNotice of Artificial Intelligence and Copyright Inquiries.
UMG said in its filing that training AI using unlicensed songs and recordings isOther than fair use“; That’s “”I firmly oppose the opt-out system.” for training AI models on copyrighted content.and that it is “”Ready and willing to consider the terms of the license Toward a generative AI company”…
5. 62% of US Tiktok users pay for music streaming services (Report)
New market analysis reveals why part time danceA short video platform owned by tick tock is very focused on expanding its services in the music world, and the company is reported to be a major driving force in the music industry. Music consumption and spending.
According to an analysis conducted by U.S. Market Monitor on behalf of TikTok. luminate, 62% Among US TikTok users, music streaming servicecompared to 43% of all consumers.
Broadly includes both paid and ad-supported streaming services. 9 out of 10 points TikTok users in each market surveyed used at least one music streaming service.
In the United States, 89% Percentage of TikTok users who subscribe to at least one music streaming service 74% While in the UK, overall consumer 85% compared to TikTok users who had a streaming service account. 62% Percentage of total consumers.
The analysis found that TikTok users also spend a lot of money on music off the platform. By a wide margin, they buy goods and attend a live show More than the average consumer…
MBW’s Weekly Round-Up is supported by Centtrip and helps over 500 of the world’s best-selling artists maximize their income and reduce touring costs.
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