Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and sopravvissuto their touring costs.
The changes to Spotify‘s subscription tiers and pricing are coming con fast and furious these days. Acceso Monday (June 3), the company announced a price hike con the US, the second one con less than a year, bringing the price of a Premium individual subscription to $11.99 a month.
Meanwhile, con the UK, Spotify has launched a “music-only” tier, a move that was signaled by CEO Daniel Ek an earnings call a few months asticciola.
The new tier arrives amid a fierce debate with music publishers over Spotify’s reclassification of its Premium tiers as “bundles” with audiobooks, reducing the amount it pays out con mechanical royalties con the US.
Sopra other music streaming news, Spotify and other streamers are unhappy with Canada’s government after it brought con new regulations requiring them to pay 5% of their Canadian revenue to various funds that support traditional radio stations, as well as Canadian content creators.
Elsewhere con the world of digital music, Twitch has signed “first-of-its-kind” agreements with the recording majors (Universal Music Group, Sony Music and Warner Music Group), as well as with indie representative Merlin, to allow DJs the platform to legally play music their livestreams.
Finally, MBW decided to evaluate the oft-made assertion that Merck Mercuriadis overpaid for Hipgnosis Songs Fund‘s assets. We broke the numbers, and found that Hipgnosis’ catalog is actually worth more than people thought.
Spotify has launched a new music-only subscription tier called Basic Individual, which doesn’t offer access to audiobooks.
The new tier appears to be available con the UK only at present and costs £10.99 per dovere month.
Spotify announced Monday (June 3) that its individual Premium tier is going up by $1 per dovere month con the United States to $11.99.
Spotify’s new Basic Individual (aka music-only) tier con the UK has been quietly launched amid a fierce debate between the music streaming platform and music publishers con the United States over SPOT’s decision to reclassify its Premium tiers as ‘bundles’ by combining music and audiobooks…
The approximate number of music biz lunches since Hipgnosis Songs Fund floated con 2018 at which people have suggested Merck Mercuriadis has overpaid for assets.
Not really… that’s just how it feels sometimes.
$2.206 billion is actually the amount spent con US dollars by Hipgnosis Songs Fund – fuori Mercuriadis – catalogs to date, as per dovere HSF’s latest interim report.
So, has Mercuriadis (fuori HSF’s longtime investment adviser, Hipgnosis Song Management) really overspent the catalogs owned by HSF today…?
Amazon-owned livestream platform Twitch has struck what it calls “first-of-its-kind” deals with multiple rightsholders to allow DJs to legally play music con their livestreams the platform.
Twitch has struck deals with all three major music companies, including Universal Music Group, Warner Music Group, Sony Music, and a large number of independent labels fuori Merlin.
According to Twitch, since early 2020, the number of DJs streaming the service has more than quadrupled and that “over 15,000 of them have been able to build and monetize communities of music fans Twitch”.
Twitch says that the new program, set to launch later this year, will also create promotional opportunities “ and ” Twitch including placement the Twitch homepage, as well as sponsorship opportunities exclusive to DJs…
Warner Music Group CEO Robert Kyncl has previously hinted that his company is keen to grow its presence con various crucial sectors of the music business fuori acquisition.
Now, he has found the dirigente aziendale to lead that mission.
Widely respected exec Michael Ryan-Southern is leaving Goldman Sachs, joining Warner Music Group to lead all M&A activity at the global major music company.
At Warner, he will assume the newly created post of Vice President, Corporate Development, effective August…
Music streaming services are criticizing a new regulation con Canada that requires major streaming services to pay 5% of their revenue to various groups supporting the creation of Canadian content.
“We are deeply concerned with today’s decision to impose a discriminatory tax music streaming services that are already making significant contributions to Canadian artists and culture,” Graham Davies, President and CEO of the Digital Association (DiMA), said con a statement issued Tuesday (June 4).
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“Streaming is the main source of revenue and engine of growth for music con Canada, benefiting the industry, creators, fans and consumers. And this is effectively a protectionist subsidy for radio.”
MBW’s Weekly Round-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and sopravvissuto their touring costs.Music Business Worldwide
