MBW’s Weekly Roundup: Epidemic Sound, Songtradr, IFPI, TuneCore, NFTs



Welcome to Music Enterprise Worldwide’s weekly round-up – the place we make sure that you caught the 5 largest 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 earnings and scale back their touring prices.

This week, Swedish music firm Epidemic Sound took on a $450 million funding spherical, which provides the a lot talked-about agency a $1.4 billion valuation.
In the meantime, B2B music licensing market Songtradr has acquired award-winning Sydney-based music and sound design firm Tune Zu in a ‘multi-million greenback transaction’.

Elsewhere, world recorded music physique IFPI named BTS because the world’s biggest-selling recording artist final yr, however for the primary time ever, no British acts made the High 10.
Additionally, Imagine-owned DIY distribution platform TuneCore has launched operations throughout Latin America headed up by Bruno Duque, whereas music-related NFT gross sales have topped $25m up to now month.

1) EPIDEMIC SOUND VALUED AT $1.4BN AS BLACKSTONE JOINS $450M INVESTMENT ROUND IN SWEDISH COMPANY
A lot talked-about Swedish music firm Epidemic Sound has simply taken on a $450 million funding spherical – together with cash from funding big Blackstone.
The funding sees Blackstone Progress (BXG) staff up with EQT Progress within the spherical, which provides Epidemic Sound a $1.4 billion valuation.
Epidemic Sound’s present buyers earlier than at the moment included Creandum and EQT Mid-Market, in addition to Atwater Capital.
Epidemic Sound, which was based in 2009, mentioned that the brand new funding would “be used to additional speed up [our] buyer acquisition and make investments much more aggressively in [our] core person expertise”….


2) SONGTRADR ACQUIRES MUSIC AND SOUND DESIGN COMPANY SONG ZU IN MULTI-MILLION DOLLAR DEAL
B2B music licensing market Songtradr has acquired award-winning Sydney-based music and sound design firm Tune Zu, which operates within the Australia and Asia Pacific area, with studios in Sydney and Singapore.
Described as a ‘multi-million greenback transaction’, the deal marks Songtradr’s second main acquisition because the completion of its Sequence C funding spherical in July 2020 the place the corporate raised $30 million.
Los Angeles-based Songtradr acquired UK-based boutique sync licensing firm, Cuesongs in November.
Tune Zu will kind a part of Songtradr’s recently-launched platform, Vinyl by Songtradr, alongside acquired firms Large Sync Music (acquired by Songtradr in February 2019) and Cuesongs…

3) BTS WERE THE WORLD’S BIGGEST-SELLING RECORDING ARTIST LAST YEAR. BUT FOR THE FIRST TIME EVER, NO BRITISH ACTS MADE THE TOP 10.
Every year, world recorded music physique IFPI publishes a High 10 checklist of artists, reflecting the most important revenue-generating acts throughout all codecs in the course of the prior calendar’s 12 months.
The checklist for 2020 was launched by IFPI final week, and is historic for a few causes. Firstly, it’s led by a non-US or UK artist for the primary time, with BTS pipping Taylor Swift and Drake to the highest spot.
Secondly, artists whose recorded music is/was affiliated with Common Music Group occupy a minimum of 9 spots in your entire High 10.
(Technically that’s nine-point-something whenever you embrace BTS: a lot of the Okay-pop stars’ music is launched through Large Hit / Sony Music in main worldwide territories, however their Japanese-language recordings undergo Large Hit / Common Music Japan.)…

4) TuneCore launches operations in Latin America, headed up by Bruno Duque
Imagine-owned DIY distribution platform TuneCore has launched operations throughout Latin America.
TuneCore LATAM will help artists in Mexico, Colombia, Argentina, Peru, Chile, Brazil, Domican Republic, Puerto Rico and Spain.
The transfer follows the launch of the corporate’s operations in Africa final month.
TuneCore LATAM shall be headed up by Bruno Duque, who began his profession at Sony Music in Los Angeles within the Latin Music Division earlier than segueing into different areas of the trade…

5) MUSIC-RELATED NFT SALES HAVE TOPPED $25M IN THE PAST MONTH
The jury’s out on whether or not non-fungible tokens (NFTs) are a music trade fad – or a transformative harbinger of the enterprise’s future. Both manner, they’re booming.
Final month it was reported that the digital collectables had generated over $100 million in gross sales in simply 30 days throughout numerous leisure codecs.
Now, NFTs are beginning to acquire mainstream traction within the music trade, as evidenced by the flurry of reports up to now few weeks from celebrity artists promoting thousands and thousands of {dollars} price of the digital belongings to their followers.
Moreover, simply at the moment, MBW reported that video video games model Atari is entering into the NFT enterprise in an enormous manner, partnering with Bondly, an e-commerce platform for digital belongings, to launch NFTs throughout gaming, music and different areas.
Right here’s a recap of simply a few of music’s (and musicians’) latest NFT gross sales, which add as much as complete income of not less than $25 million up to now month alone…

Welcome to Music Enterprise Worldwide’s weekly round-up – the place we ensure you caught the 5 largest 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 earnings and scale back their touring prices.
 Music Enterprise Worldwide



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