Cook Music U.S. listing: raised $50 million
On January 12, Cook Music (stock code "KUKE") was listed on the New York Stock Exchange in the United States, with an issue price of $10, raising about $50 million, and green shoes for $57.5 million, thus becoming the first stock of Classical Music in China.
On the day of the listing of Cook Music, its closing price increased by only 1% from the issue price. In the two trading days that followed, Cook Music performed flat and fell below the issue price of $10 in intraday trading on January 15, with a low of $8.88 per share. As of the close of U.S. stocks on Jan. 15, it closed at $9.19, a one-day decline of 9.46%, down 8.10% from the issue price.
Kuaishou plans to launch in Hong Kong on February 5
On January 15, Kuaishou Technology, a new economy company based on short videos and live broadcasts, plans to list on the Hong Kong Stock Exchange on February 5. Several people who have participated in the Kuaishou IPO pre-roadshow event confirmed the above news.
Tencent Music acquired a 100% stake in Lazy Listening for RMB 2.7 billion
On January 15, Tencent Music Entertainment Group, a Chinese online music entertainment platform, announced that it has reached a final agreement with all shareholders of Shenzhen Lazy Online Technology Co., Ltd., a well-known audio platform in China. Pursuant to the agreement, TME will acquire 100% of the shares of Lazy Listening from shareholders such as Reading Group, Lazy Listening Books Management Team and other financial investors.
The transaction is currently expected to close in the first half of 2021 and will need to meet customary delivery conditions. After the completion of the transaction, Lazy Listening Books' huge audiobook content library will rapidly expand TME's audio content pool, and its content production capabilities will also greatly promote the output of high-quality content of TME audiobooks.
Audible Magic acquires SOCAN's copyright management business
On January 11, Audible Magic, a digital content recognition, licensing and monetization platform, is acquiring MediaNet, a content fulfillment and rights management business, from Canadian performance rights organization Socaan. SOCAN and Audible Magic also announced that they have entered into a strategic partnership intent on using Audible Magic technology and services to help SOCAN improve operational accuracy and report to publishers and songwriters.
Pro Music Rights is ready to go public in the United States
News on Jan. 12 that Pro Music Rights (PMR), a Florida-based music rights organization, is preparing to go public in the United States. PMR will issue Both Class A and Class B shares at a price of $0.01 per share for a total of $9.1 million, all of which will be held by JAKE Noch, founder and CEO of PMR.
Modern Sky unveils a new label ,WaterMade Water Shapes' and signs its first artist
On January 11, Modern Sky announced the launch of a new label "Water Made Water" and announced the first signed artist - smellyhoover. Modern Sky said that "Water Made Water" is a label that creates comfortable music. The first artist he signed was Golden Cage's lead singer and guitarist Cover Chan.
Sony opens a new subsidiary: Sony Immersive Music Studios
On January 12, Sony Corporation of America announced the creation of a new subsidiary called Sony Immersion Music Studios, focusing on developing immersive music experiences through the power of creativity and technology.
Capitol Studios closes its mastering and repair division
On January 15, Capitol Studios, a 65-year-old record label owned by Universal Music Group, announced the official closure of its mastering and restoration division, and several employees of the division will be dismissed. An UMG representative pointed out that the demand problem was the most important reason for the closure of the mastering and repair department, which would later be converted into a recording studio.
The new independent music company Exceleration Music is founded
On January 15, five high-profile independent music company executives joined forces to form a new company called Exceleration Music, led by Glen Barros, former CEO of Concord Music Group, which aims to enhance "the future of independent record labels and independent artists."
The Phantom of the Theatre China tour has been postponed
The original musical Phantom of the Theatre, which was scheduled to depart from the Shanghai Grand Theatre from February 16 to March 28, 2021, was officially postponed on January 11, 2021. The performance of the China tour, which Weber himself called "the largest in history", was temporarily shelved due to the impact of the epidemic.
Hedgehog Band 'Naked White Fairy' multi-stop tour was postponed
This week, the hedgehog band's "White Immortals" national tour announced that a total of 8 tours in Chengdu, Guangzhou, Chongqing, Changsha and Beijing were postponed due to epidemic prevention and control reasons.
Coffee Maker "Thank You" 2020 National Tour Multiple Performances Cancelled and Postponed
Modern Sky announced on January 12 and 16 that due to the needs of epidemic prevention and control, the performances of the "Thank You" 2020 national tour of Coffee Pot (KAFE.HU) in Shenzhen, Guangzhou, Hangzhou and Shanghai were cancelled. Coupled with the previously cancelled Beijing and Chengdu stations, the multi-stop tour schedule will be postponed, and the specific postponement of the performance time will be notified separately. Modern Sky will provide a full refund for all ticketed spectators, and the on-site app will automatically refund the full amount of the ticket to the payment account.
The Beijing Station of the White Night Musical will land at the Beijing Tianqiao Art Center
On January 15, 2021, the White Night Musical Beijing Station was officially announced to land at the Beijing Tianqiao Art Center Coliseum from March 10 to March 14, 2021, and the performance schedule and schedule of the Beijing Station were announced.
The National Centre for the Performing Arts Cloud Appreciation Music Series Concert was launched on NetEase Cloud Music LOOK Live
At 19:30 on the evening of January 16, the National Centre for the Performing Arts Cloud Appreciation Concert "Beijing Chorus" was launched on NetEase Cloud Music LOOK Live. This concert depicts the history and culture of Beijing's central axis, and through the form of symphony and the rich vocal art means such as symphonic chorus, solo singing, and heavy singing, it integrates excellent national music such as Peking Opera and Quyi to display the distinctive Beijing flavor culture.
Jude won the second "Liu Huan Original Music Special Public Welfare Fund"
On January 11, the winners of the second "Liu Huan Original Music Special Public Welfare Fund" were announced, and NetEase musician Jude received 1 million yuan of public welfare fund support from the Mango V Fund with his excellent singing ability and development potential, and was awarded by Qin Fanqi, the winner of the first public welfare fund. Liu Huan wrote a high evaluation of Jude in the award certificate: outstanding, elegant and exquisite.
The Band of the Seas was officially signed to Terracotta Records
On January 11, the band officially signed a contract with Terracotta Records. Founded in Shanghai, The Sea Band is now composed of guitarist and lead singer Qi Jinlong, guitarist Qu Hunchen, bassist Chen Hao, drummer Zhao Shuang, and its style is influenced by noise guitar, punk, alternative, mathematical, instrumental rock, mixed but unique.
Cao Fang officially signed a contract with Modern Sky
On the evening of January 17, Modern Sky officially announced that musician Cao Fang joined the franchise, and the two sides signed a brokerage contract. Cao Fang has been on the stage of the Strawberry Music Festival many times before and is expected to launch a new creative album this year.
Xu Mengjie, a member of the Bee Girl Team, set up a company
On January 13, Beijing Rainbow Sugar Culture Communication Co., Ltd. was established with a registered capital of about 1 million yuan, and the legal representative was Xu Mengjie. The company is 40% owned by Xu Mengjie and his brokerage company sister Tao (Shanghai) Culture Communication Co., Ltd., and 20% by Shanghai Xiangxingli Cultural Communication Co., Ltd., with Xu Mengjie as the suspected actual controller and ultimate beneficiary.
TREASURE's "MY TREASURE" MV hits exceeded 11 million
On January 16, the boy band TREASURE recently released a new Japanese album of the group, the new album not only swept the Japanese source list, the song "MY TREASURE" MV hits also exceeded 11 million.
Lana Del Rey shares the track list and cover of the new album
Lana Del Rey, who had promised to release her new album Chemtrails Over the Country Club in 2019, released the track listing and cover poster on January 10. The album has 11 songs, including the already released "Let Me Love You Like a Woman", the previously controversial "Tulsa Jesus Freak", and a self-titled song from the album scheduled for release on January 11.
Investment giant KKR acquires a majority stake in Ryan Tedder's quku
On January 11, global investment giant KKR (Kohlberg Kravis Roberts) acquired a majority stake in the library of three-time Grammy Award winner Ryan Tedder. KKR said Tedder's library covers nearly 500 songs, and the acquisition will give Tedder a majority stake in all songs created for other artists after January 1, 2016, as well as the rights to record music.
Universal Music has signed a worldwide exclusive copyright agency agreement with Louis Bell
News on January 13, Universal Music Publishing Group (UMPG) recently signed a global exclusive copyright agency agreement with six-time Grammy-nominated composer and producer Louis Bell, which includes singer Post Malone's "Rockstar", "Better Now" and "Sunflower featuring Swae Lee", singer Camila Cabello's "Havana", Singer Halsey's "Without Me" and music group Jonas Brothers' "Sucker." Excludes some of Bell's albums produced and released in 2019 and 2020.
Hipgnosis acquires a 100% stake in Shakira's copyright agency Quku
On January 13, Hipgnosis announced that it had acquired 100% of the copyright agency rights of Shakira Library, including the share of copyright agents and songwriters. The acquisition contains 145 songs that have made Shakira the best-selling Latin female singer of all time.
Round Hill Music acquires Billy Duffy Library
On January 13, Round Hill Music announced the acquisition of Billy Duffy's library of classic tracks. Billy Duffy is the songwriter and guitarist of The Cult, a British rock band. In the mid-1980s, the band gained a number of fans in the UK with hit singles such as "Spirit Walker" and "She Sells Sanctuary". In the first decade of entering the mainstream U.S. music market, his singles "Love Removal Machine" and "Fire Woman" and the albums "Electric", "Sonic Temple" and "Ceremony" sold more than one million copies.
Downtown Music Group signed a neighboring rights agency agreement with the Ella Fitzgerald estate administrator
News on January 13, Downtown Neighbouring Rights, an independent business unit established by Downtown Music Group in June last year, has now reached an agreement with the Ella Fitzgerald Estate Administrator to manage performance royalties on behalf of Ella Fitzgerald in the world except the United States.
Ella Fitzgerald is one of the most popular female jazz singers of all time. The agreement includes all of Ella Fitzgerald's tracks, including some of the most popular jazz records of all time, such as Dream a Little Dream of Me, Cheek to Cheek, Into Every Life Some Rain Must Fall, and more.
Universal Music Group has signed a licensing agreement with Variis, an Equinox-owned fitness app
On January 14, Universal Music Group recently signed a major licensing agreement with Equinox's fitness app Variis, where UMG will provide Variis exercisers with more built-in entertainment options, allowing Variis to enjoy songs by Universal Music artists including Taylor Swift, Drake, Billie Eilish and Bad Bunny.
BMG acquires Mick Fleetwood hit song royalty gains
On January 15, BMG recently bought royalty proceeds from a series of hit songs from Mick Fleetwood, including a series of hit songs by Mick Fleetwood's band Fleetwood Mac. The contract included "The Chain," "Go Your Own Way," and "Landslide," as well as the albums Fleetwood Mac (1975), Rumours (1977), and Tango In the Night (1987).
In December 2020, Douyin and TikTok attracted nearly $142 million worldwide
According to the latest data from Sensor Tower Store Intelligence, in December 2020, Douyin and the overseas version of TikTok attracted nearly $142 million in the global App Store and Google Play, 3.3 times that of last December, and once again won the global mobile app (non-game) revenue list. Among them, about 86% of the revenue comes from the Chinese version of Douyin; the US market ranks second, contributing 7% of the revenue; the Turkish market ranks third, accounting for 2%.
NetEase Cloud Music produced music courses
On January 12, NetEase Cloud Music and NetEase Musicians produced music courses, inviting top music producers, famous teachers from professional colleges and universities, and industry veterans as course instructors to customize career advancement guides for musicians at different stages and in different styles, with full coverage of songwriting and mixing, starting from multiple angles such as music creation, vocal performance, and industry work, to comprehensively enhance the creative ability of musicians.
Tencent Musicians' 2020 annual inventory is released
On January 12, Tencent Musicians officially released the 2020 Annual Inventory Report of Tencent Musicians. In this annual inventory with the theme of "Walking with Music in 2020, Let Music Achieve Your Extraordinary", Tencent Musicians not only displayed the gender, region, type, distribution of original works and other portrait data of more than 185,000 musicians across the platform, but also announced many achievements of Tencent musicians in the past year:
Among the musicians who enjoy exclusive incentive income, more than 85% of the total income of musicians increased by more than 50%, and the total income of more than 60% of musicians increased by more than 100%, doubling the revenue; the annual playback volume of the whole platform was nearly 300 billion, an increase of nearly 50% year-on-year; the number of original songs on the whole platform exceeded 1.1 million, which doubled again; and the total number of settled musicians created as high as 185,000, an annual growth rate of 131%.
QQ Music launched a music podcast
On January 14, QQ Music launched a music series podcast, inviting Li Quan, Dou Jingtong and other big coffee to talk about musician stories, music pan-culture, music light science and other topics, leading listeners to understand music culture in depth and in a simple way.
Migu Music Joins Hands with Chinese Musicians Association University Alliance to Launch "Extraordinary Music Classroom"
Migu Music and the Chinese Musicians Association University Alliance launched the "Extraordinary Music Classroom" series of live classes. From January 15th, many famous teachers will bring 100 high-quality lessons in the three major sections of "Master Experience", "Musical Instrument Raiders" and "Art Cultivation", and the live broadcast content covers all fields of music: piano, vocal music, instrumental music, chorus, music education, concerts, popular concerts, comprehensive performances, art appreciation and so on.
It is reported that in January, the guests of honor were Xu Meihua, deputy dean of the School of Music of Dalian University, Chen Qiang, associate professor of the School of Music of Guangxi Normal University, Liu Xingxing, dean of the School of Music of Shanxi Normal University, kang Jian, vice chairman of the Guangdong Vocal Music Association, and other well-known music education experts.
Kugou released the 2020 Digital Album of the Year inventory
On January 16, Kugou Music released the annual inventory of the 2020 digital album of the year. In 2020, Kugou Music Platform launched a total of 467 digital albums, with total sales exceeding 8.5 million, more than 3.73 million purchase users, and sales of its Chinese-style albums exceeded 500,000.
SplitWorks entered LOOK Live
On January 16, SplitWorks launched the first program "Loud Power - Earth Unlimited Live Series" on NetEase Cloud Music's LOOK Live, and will cooperate with the Icelandic Radio Wave Music Festival to present the Reykjavik scene, which will start broadcasting at 20:00 on January 24.
NetEase Cloud Music can now listen to national radio
On January 16, NetEase Cloud Music and Dragonfly FM launched 1400+ radio stations nationwide, allowing users to listen to radio stations across the country anytime, anywhere.
In 2020, the total traffic of music streaming in Germany reached 139 billion
On January 15, 2020, German audio streaming media drove the recorded music record market revenue by 4.8% year-on-year, and retail revenue reached 783.7 million euros. In the second half of 2020, audio streaming services such as Spotify and Apple Music generated around €514.9 million in revenue in Germany, up 20.7% year-on-year. At present, the annual revenue of German records has not yet been announced, and the total music streaming traffic generated in the market last year has been announced, with a total traffic of 139 billion, an increase of nearly one-third from 2019 (107 billion).
Universal Music and Bilibili have launched a number of massive high-definition music MV works
On January 16, Universal Music and Bilibili jointly launched a number of Universal Music's cross-era, different genres and genres of massive high-definition music MV works on Station B, including Andrea Bocelli, The Beatles, Marvin Gaye, Nirvana, The Velvet Underground; Ariana Grande, Eminem, Katy Perry, selena in Europe and the United States Gomez, Sam Smith, Taylor Swift, Troye Sivan; Flagship artists in The Chinese-speaking region: Cai Jianya, Teresa Teng, Lang Lang, Sun Yanzi, Wu Bai, Jacky Cheung, Zhang Guorong, Zhang Huimei, etc.
Twitch platforms are growing by 83% in 2020, with music and performing arts content tripling
Recently, between March and April 2020, the time spent watching game content on the Twitch platform increased by 50%, and continued to grow after that. At the same time, non-game content viewing time is also growing, and artists who can't hold live performances are looking for a way out at Twitch, and SoundCloud has partnered with Twitch to allow artists to collaborate with Twitch platforms and monetize streaming content. Content in the music and performing arts categories on Twitch's platform grew twice in 2020.
Yu Shuxin will join "Qingyou 3" as a youth teaching assistant
"Youth with You 3" was officially announced on January 11, and THE9 member Yu Shuxin will return to the stage of the third season of Youth with You as a youth teaching assistant.
Apple Launches Music Lab Course: Remix "Ordinary Road" in Collaboration with Park Shu
On January 13, Apple and Park Shu cooperated to launch a new Today at Apple course "Music Lab: Remixing Park Tree Classic Songs" for a limited time, and opened registration on January 13. In this collaborative course, participants will dismantle Park Shu's classic song "Ordinary Road" and re-create their own version through the Garage Band app.
Pokémon partnered with Universal Music and Katy Perry to celebrate Pokémon's 25th anniversary
On January 14, the Pokémon Company announced a partnership with Universal Music and Katy Perry to commemorate Pokémon's 25th anniversary through music. Together with Universal Music, they will create a music program led by Katy Perry for a year-long campaign. In this show, there will also be other artists of UMG labels in the future.
Meizu released POP Pro active noise cancelling headphones
On January 11, Meizu Technology released its first true wireless active noise reduction headphones, Meizu POP Pro active noise reduction headphones. Priced at 499 yuan, it officially went on sale at 10:00 on January 12.
Tan Weiwei's "3811" physical new album pre-sale opened
January 13 news, Tan Weiwei "3811" physical new album opened pre-sale, the pre-sale cycle is From 11:11 on January 13 to 11:11 on January 20, the pre-sale price is 79 yuan, and the physical album contains CDs and lyrics.
Sony CES 2021 unveils two 360 immersive sound speakers
On January 11, Sony recently released two 360 on-site sound wireless speakers at CES 2021, the models are SRS-RA5000 and SRS-RA3000. Both products use Sony's self-developed 360 immersive sound technology, which has multiple speakers built in to achieve a spatial audio experience. At present, these two products have appeared on Sony's UK official website.
China Music Collection Association: The standard for collecting karaoke copyright royalties in 2021 will remain unchanged
On January 15, the China Audiovisual Copyright Collective Management Association issued an announcement on the standard for collecting karaoke copyright royalties in 2021: With the support of the majority of rights holders and the cooperation of users, the 2020 karaoke 0K copyright licensing work has made certain progress, in order to maintain the stability of the charging work and benefit the operation of karaoke operators, in 2021, the collection of karaoke copyright royalties in all regions of the country will continue to use the 2020 charging standards.
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