Tidying up people | Li Ying Edited | Fan Zhihui
<h1 class="pgc-h-arrow-right" data-track="6" > large companies</h1>
>> Primary Wave to buy music rights for another $70 million
· On October 11, Music Rights Agency Primary Wave acquired an asset stake in HLC Properties Ltd., a company owned by Bing Crosby's estate administrator. Including Bing Crosby Archives, thousands of records with other artists, many of which have never been released.
According to the Associated Press, the deal is "estimated to be more than $50 million," including Crossby's master recording royalties, songwriting royalties, and his rights in the film White Christmas, as well as other film, radio and television productions. In addition, Primary Wave acquired shares in its name, likeness and publicity rights.
On October 15, Variety reported, citing sources, that Primary Wave had bought a "considerable" stake in several songs co-written by Goffin and Carole King for $20 million.
>> Blackstone invested $1 billion to acquire music rights
· On Oct. 12, financial giant Blackstone confirmed that it was investing about $1 billion in new private equity firm Hipgnosis Songs Capital to acquire music rights by partnering with Merck Mercuriadis.
In addition, Blackstone is investing in Hipgnosis Song Management, an investment management firm at Mercuriadis, for an undisclosed amount. The company is responsible for choosing how to deploy the funds in the Hipgnosis Songs Fund, and is responsible for maximizing the return on each fund's investment in music copyrights – i.e. earning through royalties, synchronization rights, licensing transactions, etc. Of course, the use of funds by Hipgnosis Songs Capital is now included.
To date, hipgnosis Songs Fund, a music rights investment firm, has invested about $2 billion in music rights.
The editor-in-chief said: Big capital began to enter the game.
>> Universal Music Africa partnered with Grammy Award winner Youssou NDour
· On October 12, Universal Music Africa (UMA) established a multi-year exclusive partnership with Grammy Award-winning Senegalese musician Youssou NDour and his company, Youssou NDour & TBI Publishing SA. At the same time, the cooperation between the two sides will begin with a new album released on November 12.
Founded in 2018, Universal Music Africa operates in 25 French, Spanish and Portuguese-speaking countries across the continent and represents more than 50 musicians.
>> UnitedMasters partnered with cryptocurrency platform Coinbase
· On October 12, U.S. independent publishing company UnitedMasters formed a new partnership with cryptocurrency platform Coinbase to help independent musicians choose to collect royalties in cryptocurrency.
At the same time, musicians can also use Coinbase's full suite of services, including expenses, income, transactions, and borrowing. UnitedMasters said its goal is to "create more revenue opportunities, fairness and transparency for emerging musicians on the platform, and to level the playing field for them."
Currently, there are 1.2 million musicians on the UnitedMasters platform, who play more than 1 billion times a month, and 59% of the musicians on the platform are under the age of 25.
In March, UnitedMasters announced that it had raised $50 million in funding, led by Apple and followed by Alphabet and Andreessen Horowitz.
>> Fox Group will launch its first NFT product
· On October 13, it was reported that Fox Group was about to launch an NFT called "MaskVerse", which is closely integrated with Fox Group's well-known TV show "The Masked Singer".
Fox Group announced that the first NFT of The Masked Singer will be free and can be used to participate in MaskVerse's new Discord community. On Wednesday, Fox will air an episode of "The Masked Singer", and the Discord community will be established that day. After that, viewers can buy more NFTs and create a collection library.
In addition, in November, Fox Group will launch a game tool that allows players to vote or guess the next direction of the game. Guessers will have the opportunity to purchase even rarer NFT digital assets. Fox said that during the season of "The Masked Singer", viewers can trade or sell the NFTs they have earned.
>> music creation platform Splice partnered with producer Kenny Beats
· On October 14, music creation platform Splice announced a partnership with producer Kenny Beats to launch its first artist in residence program.
On the Splice platform, Beats will share production techniques and techniques, involving engineering and vocal production, and provide advice to producers on network marketing and branding. The company says his courses will be like more than 100, like those of Erin Barra and Tavius Beck, offering video lessons so that users can learn about current music production.
Splice says it has more than 2 million curated, pre-cleared samples on its platform. In 2021 alone, Splice Sounds launched new sound libraries and samples from Murda Beatz, Taiko, Tayla Parx, Clean Bandit, Oliver and Fraser T Smith.
In February 2021, Splice, which claims to be used by more than 4 million people, completed a $55 million Series D funding round led by Goldman Sachs' GS Growth.
>> streaming services like Spotify propose "lowest royalty rates in history" for songwriters
· On Oct. 14, music streaming service owners, including Spotify, Apple, Amazon, Pandora, and Google, all submitted materials to the US Copyright Royalty Board (CRB) this week, mentioning how they believe they would pay songwriters over a five-year period between 2023 and 2027.
The Copyright Act requires a royalty judge to conduct a process every five years to determine the mechanical version of the tax rate that streaming services pay to songwriters and songwriters. The current proceedings are about the determination of the rates and terms for the production and distribution of records (Phonorecords IV), also known as CRB IV, and are designed to set songwriters streaming royalties for 2023 to 2027.
David Israelite, president and CEO of the National Music Publishers Association (NMPA), mentioned that Spotify, Apple, Amazon, Pandora and Google, among others, are working to cut the already small fees they currently pay, proposing the lowest royalty rate in history.
In January 2018, when the U.S. Copyright Committee (CRB) ruled that royalty rates for streaming and other mechanical uses would rise by 44% in the market over a five-year period from 2018 to 2022, U.S. songwriters scored a major victory. This means that the percentage of total revenue paid to songwriters has increased significantly from 10.5% to 15.1% over the course of five years, the largest increase in CRB history.
The editor-in-chief said: Songwriters are also very weak abroad.
>> SongVest qualified for the first SEC music royalty to publicly issue royalty securities
· On October 14, Fan Investment Platform and royalty exchange market SongVest qualified for the so-called first SEC (American Stock Exchange) music royalties, able to use Regulation A+ of the U.S. Securities Act to sell music royalties, the first-ever public securities offering for royalties.
The SEC-qualified song is "Hit the Quan," and on October 8, author Buck Nasty's share of the song's producer royalties began to be publicly sold through the SongVest platform. The song's royalty share was sold for a total of 1950 "SongShares" (royalty share units) for $16 per unit.
In addition to being able to purchase a portion of Buck Nasty's royalties shares, users can use SongVest's marketplace to bid for other songs in the non-binding SongShares VIP Auctions. In a VIP auction, fans set the final price for each royalty share, which is then submitted to the SEC for eligibility review.
Users who purchase SongShares are able to charge royalty revenue proportional to the number of "SongShares" they own on a quarterly basis, each user's personal page where they can view the details of their purchases, track music data, and historical data on royalty payments received on a quarterly basis.
The editor-in-chief said: Music copyright securitization, this game is quite interesting.
>> NetEase Cloud Music's "Musician Training Class" was officially established
· On October 14, netease cloud music's "musician training class" was officially established, and the first phase of student recruitment was opened.
It is reported that the NetEase Cloud Musician Training Class aims to cultivate high-quality professional singers, brings together the top music teaching teams in China, opens professional courses in vocal music, stage comprehensive practice, recording, creation, dance and other systems, and is committed to creating top Chinese music talents in one stop and becoming the cradle of Chinese pop music.
>> Huawei Music and Street Sound reached a copyright cooperation
· On October 15, Huawei Music and StreetVoice announced that they have reached a copyright cooperation, focusing on in-depth cooperation in music copyright, full-scene distribution, and original musician operations, etc., complementing each other's advantages, enriching Huawei's end-user music experience while promoting the positive cycle of Street Sound's original music ecology and business.
The access to Street Sound content enriches huawei music's content types, which can cover more diverse user preferences and meet user needs, and independent musicians and creators cooperating with Street Sound will also benefit from Huawei's full-scene ecological distribution channels, quickly reaching Huawei's multi-terminal users, and creating more possibilities for music creation and commercial monetization.
>> Tencent Music Entertainment Group and WeChat Video Account Launched the "Same Frequency Plan"
· On October 15, the "Same Frequency Plan" was officially launched by Tencent Music Entertainment Group (TME) and WeChat Video Account, and jointly launched by TME's QQ Music, Kugou Music and Kuwo Music.
The plan will invest millions of cash pools and exclusive traffic support, encourage independent musicians to authorize songs, publish videos, provide multiple opportunities such as cash rewards, exposure stages and professional teaching for musicians, multi-platform, large traffic, and strong support for the diversified development of musicians, comprehensively help musicians to generate diversified income and accelerate growth, and further promote the vigorous development of Original Music in China.
It is reported that after joining the "same frequency plan", musicians will receive cash benefits, music platform membership, exclusive traffic incentives and other benefits, and have the opportunity to directly access tencent musicians x video number exclusive live broadcast project to unlock richer exposure channels and cooperation resources.
In addition, the "Same Frequency Program" also provides exclusive rights and interests such as rapid certification, exclusive work pages, video academies, and exclusive musician communities, which solve problems such as certification, exposure, and operation for musicians in one stop, and comprehensively help musicians grow with multi-dimensional support and incentives.
>> NetEase CEO Ding Lei: The main theme of the copyright industry has changed from "bigger" to "stronger", from "closed" to "open"
· On October 17th, the Digital Music Copyright Development Sub-Forum of the International Copyright Expo was held in Hangzhou. At the forum, Ding Lei, CEO of the organizer NetEase, attended and delivered a speech entitled "Exploring the High-quality Development of Digital Music Copyright and Promoting the Common Prosperity of the Music Industry", starting from three perspectives to promote the common prosperity of the music industry.
Ding Lei said in his speech that the development of China's music industry has entered a new stage, and the main theme of the copyright industry has changed from "bigger" to "stronger", from "closed" to "open".
In his speech, he put forward his imagination for the future development of the industry: through the establishment of a world-class copyright governance and distribution model, so that excellent original musicians have success and gains, while digging deep into the value of copyright, giving play to the spiritual cohesion of music, from a single economic benefit to a pluralistic social benefit.
In addition, in view of the issue of optimizing copyright governance and promoting the common prosperity of the music industry, Ding Lei put forward three suggestions from the aspects of copyright governance and distribution model, support for original musicians and deep excavation of copyright value:
First, realize the "demolition of walls" in the copyright industry, fully establish a trust mechanism and data sharing platform among practitioners, and achieve the small goal of users "only installing one software to listen to songs" as soon as possible;
Second, platforms and copyright holders should optimize copyright distribution and continue to invest in supporting forces, so that outstanding original musicians have more income and career development opportunities;
Third, the industry should do less cultural garbage and more cultural products, combine industrial benefits with cultural and spiritual benefits, and better promote them to the world.
<h1 class="pgc-h-arrow-right" data-track="353" > data control</h1>
>> Beggers Group's operating profit increased 77% year-over-year to $79.2 million in turnover
· On October 11, beggers Group, an independent music company, announced its 2020 (calendar year) financial report.
Including its share of joint ventures such as XL and Matador, the company's turnover in 2020 was £61.66 million ($79.2 million) and operating profit (also including joint ventures) increased by 77% year-on-year to £6.49 million ($8.3 million).
The company owns 50 percent of record labels such as XL Recordings, Matador and Rough Trade. Among other businesses, it owns 100% of the record label 4AD and runs its own songwriting rights company, Biggars Music.
"Streaming continued to grow during the pandemic, but what was surprising was the surge in vinyl records and the rapid growth in online sales in individual record stores," the company noted in its earnings report, noting that "a shortage of vinyl suppression capacity" is one of the "many major challenges" of 2020.
>> U.S. recorded music revenue reached $7.1 billion in the first half of 2021, up 27% from the same period last year
· On October 14, the Recording Industry Association of America (RIAA) released its Mid-Year Report 2021, which showed that U.S. recorded music revenue for the first half of 2021 was $7.1 billion, up 27 percent from the same period last year ($5.6 billion), with streaming music accounting for 84 percent of all revenues.
Among them, paid subscription revenue was $4.6 billion, almost two-thirds of total revenue, up 26% year-on-year. The number of subscriptions also reached a record of 82 million in the first half of the year, up 13% from 73 million in the same period last year. Paid download revenue was $319 million, or 5% of total revenue.
In physical records, revenue from vinyl records rose 94 percent to $467 million; sales of CDs increased 44 percent.
<h1 class="pgc-h-arrow-right" data-track="354" > capital market</h1>
>> Parisian startup Stage11 raised €5 million in a seed round
· On October 13, Parisian immersive music experience startup Stage11 raised €5 million ($5.8 million) in a seed round, led by European venture capital fund Otium Capital.
Stage11 has also forged significant collaborations with musicians including Martin Garrix, David Guetta, Snoop Dogg, Ne-Yo, Akon, Salif Gueye and has established important strategic partnerships with the Institut Français de la Mode of the Paris Fashion Institute in France.
Founded in 2020 with offices in Paris and Los Angeles, Stage11 aims to break into some of today's fastest-growing markets, including gaming, AR/VR, virtual gigs, digital goods and more. The company claims it is "embarking on redefining the interactive music experience" by combining games, mixed reality and digital collectibles, allowing artists to invite fans to live, play and create in their world of performance and music, creating immersive metaverse music.
Stage11 is accessible on both desktop and mobile devices on PC, and the company's first music experience will debut in 2022.
>> RESERVOIR joins podcast company AUDIO UP in a $12 million Series B funding round
· On October 14, New York-based Reservoir Media invested in audio entertainment company and podcast content production studio Audio Up.
As one of The "Key Contributions" to Audio Up's recently announced $12 million Series B funding round led by SiriusXM, Reservoir said its investment will help Audio Up further build its premium entertainment content ecosystem in the music and audio space.
In addition, Reservoir and Audio Up are collaborating on audio entertainment projects using Reservoir's copyrighted track library.
Founded in 2020 by Jared Gutstadt (formerly Jingle Punks Creative Music Agency), Audio Up is a podcast content production studio that has built a unique array of original scripted audio entertainment content. In May last year, Primary Wave acquired a partial stake in Audio Up.
>> Northleaf Capital Partners and Lyric Capital Group entered into a strategic alliance
· On October 14, Spirit Music Group's parent company, Lyric Capital Group, and global investment firm Northleaf Capital Partners reached a strategic alliance.
Northleaf led the $500 million investment, and the company's managed fund will hold royalty interests in certain music libraries managed by Lyric, with global investment group Caisse de dépôt et place du Québec (CDPQ) being a significant investor.
Northleaf's portfolio includes more than 400 active investments in 40 countries and manages more than $18 billion in private equity, private credit and infrastructure commitments. The label Spirit Music Group's portfolio consists primarily of mature music royalties managed by Lyric Capital Group, including a total library of more than 100,000 songs.
>> CJ ENM's acquisition of SM Entertainment came to an end, with a total share price of 3.3 billion yuan
· On October 15, according to the Investment Bank of Korea (IB) industry, Kakao Entertainment, which had been a strong candidate for the recent ongoing SM Entertainment acquisition merger, decided not to negotiate again. CJ ENM, which competes with Kakao Entertainment, has proposed a new acquisition proposal to the production side of LEE Hide-man, SM Entertainment's largest shareholder, and is in the process of negotiations. It is reported that CJ ENM has in fact jumped to a single acquisition candidate and is waiting for Li Xiuman's decision.
The sale includes 19.37% of sm entertainment shares (18.72%) and special relationship shares held by chief producer Li Xiuman. Considering that the total market price of SM Entertainment is about 1,830 billion won (based on the 15th), the value of the corresponding shares is about 354.4 billion won based on the market price. The market predicts that if the premium on operating rights is reflected, the value will rise to about 500 billion to 600 billion won.
It is reported that as of now, the acquisition structure of the two parties has not yet been determined. A relevant person familiar with the transaction said: "In addition to maximizing the sale price, Li Xiuman also strongly hopes that the company will continue to do its main business after the sale. Therefore, CJ ENM's plan to split the company's music division while purchasing part of Li Xiuman's shares, and after merging with SM Entertainment, Li Xiuman will be responsible for the operation for a certain period of time has also been mentioned.
<h1 class="pgc-h-arrow-right" data-track="356" > artist dynamics</h1>
>> Adele confirmed the release date of his new album 30
· On October 13, in a statement posted on social media and official websites, Adele confirmed that the new album "30" will be released on November 19.
>> Andrea Bocelli signed to Universal Music
· On October 14, Andrea Bocelli, a well-known Italian tenor, signed an exclusive global recording agreement with Universal Music Group (UMG). After more than 25 years of distribution cooperation, Bocelli signed a direct contract with UMG for the first time.
Bocelli has sold more than 90 million albums to date and has played more than 5 billion. The agreement will include a range of recorded music and audiovisual projects, as well as brand services, synchronization rights licensing and music-related marketing.
In April 2020, Bocelli performed one of the largest ever online music performances at the Duomo cathedral in Milan, with an audience of over 2.8 million and the largest number of simultaneous online viewers in the history of YouTube's live streaming of classical music. Within 24 hours of its release, the show received more than 28 million views worldwide and has now exceeded 42 million views.
Bocelli's latest album, 2020's Belgium, was accompanied by another major live show, "Believe in Christmas," the most successful live classical music show to date, selling more than 70,000 tickets to fans in 120 countries.
>> Billy Porter与Island UK和Republic Records签约
· On October 15, Grammy, Emmy, and Tony Award winners, actors, singers, directors, composers, playwrights, and writer Billy Porter signed a partnership agreement with record label Island UK and Recycling Records. At the same time, Porter also released a new single "Children".
In 1997, Porter released his self-titled debut album, which included Show Me and Love Is On The Way, which won the Top 10 Bubbling Under charts. In 2019, Porter topped the U.S. Campaign Club Songs list for the first time with Love Yourself.
<h1 class="pgc-h-arrow-right" data-track="357" > live entertainment</h1>
· On October 12, the new pants band "Our best time is now" tour was officially announced, and the first stop will be held on November 6 at the Suzhou Sports Center Stadium.
· On October 12, Wang Jiaer PANTHEPACK tour beijing station and Guangzhou station two cities official announcement, the time and place are: October 16, Beijing Damai 66LiveHouse, October 20, Guangzhou Stadium Pearl River Flower City Cultural and Sports Center.
· On October 13th, the official announcement of the THE9 Graduation Tour Guangzhou Station will be held from November 13 to 14.
<h1 class="pgc-h-arrow-right" data-track="359" > music variety show</h1>
· On October 11, Hunan Satellite TV's 2022 national music selection program "National Wind Singer" hit hard and the selection began.
· On October 15, the list of the five public camps of Mango TV's "Brother Who Cuts Thorns and Thorns" was announced, namely: Zhang Jin's camp: Yin Zheng, Gao Hanyu, Yan Chengxu, Hu Haiquan, Lin Zhixuan, Zhang Jin, Chen Xiaochun, Zhang Zhilin, Li Xiang, Hot Dog, Zhou Yan, Bai Jugang; Lee Seung-hyun's camp: Ricky, Ouyang Jing, Zhang Qi, Zhao Wenzhuo, Xie Tianhua, Lee Seung-hyun, Huang Guanzhong, Liang Hanwen, Lin Xiaofeng, Liu Jia, James, zhang Yunlong.
· On October 15, the 2021 iQIYI iJOY Joy Club was held in Shanghai, at which iQIYI said it would launch music variety shows such as "Meta-Universe Singer", "China New Rap 2022", "Music Wild Life" and so on.
· On October 15, the finals of Zhejiang Satellite TV's "The Voice of China" came to an end, and Li Keqin's team Ke Yue won the overall championship.
· On October 16, the finals of Tencent Video's "Tomorrow's Creation Plan" came to an end, the strongest label was born, Jiang Xiangui won the strongest label, and the second to fourth places were 7Z, Zhuang Zhongheng and Zhong Yixuan.
· On October 16, iQIYI's "Junior Rap Project" ended, Capper won the championship, waited a moment to go home and won the second place, and lil milk won the third place.
<h1 class="pgc-h-arrow-right" data-track="360" > new this week</h1>
· On October 11, the Band darwensi released a new album "Names on Earth", a total of 12 songs, released by Modern Sky.
· On October 11, Zhang Liangying released a new single "Paradise Tour", which was composed by Xia Fei and Zhang Jiajia, composed by Sun Peijia and Euywein Yang Zhanhong, and released by Domido.
· On October 11, Jin Weiqi released a new album "Innocence and Harmful", a total of 10 songs, released by Daqi Culture.
· On October 12, Zhou Shen sang the ending theme song of the web drama "Truth" "Only for the Truth", the single was written by Xu Mengya and composed by Feng Da, and was released by Perfect Youth.
· On October 12, Jony J released a new single "Chow Yun Fat", which was written and composed by Jony J and released independently.
· On October 13, Wu Mochou released a new single "Not a Thing", the single was written and composed by Fredrik Odesjo, Sophie Rose Abrams, David Myles, Yan Yunnong Chinese lyrics, and Mengxiang Qiangyin was released.
· On October 13, the Gas Luck Alliance released a new single "Guide to Selling Scorched Green", which was composed by the Gas Luck Alliance and composed by the Gas Luck Alliance - Li Runqi, and released by Wow Wow Wow.
· On October 13, Dada Released a new single "Carousel", which was written by Peng Tan, composed by Peng Tan and Wu Tao, and released by Modern Sky.
· On October 13, KEY. L Liu Cong released a new single "Unfinished Order", which was written and composed by KEY.L Liu Cong and released independently.
· On October 14, Xiao Jingteng released a new single "Peter Pan", which was written by Jin Tian and composed by Xiao Jingteng, and released by Warner Records.
· On October 15, Zhang Yixing released a new EP "East", a total of 4 EP songs, released by Dongyang Hengdian Zhang Yixing Film and Television Studio.
· On October 15, KnowKnow released a new single "Mr. Lamborghini", which was written and composed by KnowKnow and released by Mani Entertainment in Chengdu.
· On October 15, Meng Meiqi released a new EP "Ambiguous Double Pupil", an album with a total of 4 songs, released by Lehua Entertainment.
· On October 15, FINNEAS released a new album "Optimist", a total of 13 songs, released by OYOY.
· On October 15, Zeng Yike released a new album "Burning", a total of 10 songs, released by Modern Sky.
· On October 15, Karen Mok released the theme song "Perfect Imperfection" of the album "2049", with the single written and composed by Jiang Zhuojia and released by Sony Music.
On October 15, Adele released a new single "Easy On Me", which was written and composed by Adele and Greg Kurstin, and released by Sony Music.
· On October 15, Coldplay released a new album "Music Of The Spheres", a total of 12 songs, released by Warner Music.
· On October 15, HYNN released a new album "To You", a total of 10 songs, released by Kakao Entertainment.
· On October 17, Xia Zhiyu released a new single "We Can Be Chilling", which was written and composed by Xia Zhiyu and released by Mingtang Records.
Typography | Anlin
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