MBW’s Weekly Roundup: Spotify, Hipgnosis, Grammys, YouTube, Universal x Boomplay



Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be sure you caught the 5 greatest 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, Spotify launched a brand new web site known as Loud & Clear, which tells us the variety of artists who’ve generated over $50,000 in payouts from the music streaming platform (throughout data and publishing) yearly since 2017.In the meantime, this week, Hipgnosis Songs Fund revealed the way it values songs, and that its catalog is value barely greater than it initially forecast. Elsewhere, the viewers for the 63rd Annual Grammy Awards fell 53% year-on-year to an all time low of 8.8m on Sunday night time (March 14), in accordance with time-zone adjusted nationwide knowledge from Nielsen.Additionally, YouTube‘s TikTok rival Shorts has arrived in america, whereas Common Music Group has expanded its licensing take care of music streaming service Boomplay from 7 to 47 nations throughout Africa…1) HOW MANY ARTISTS ARE GENERATING $50K+ A YEAR ON SPOTIFY? OVER 13,000.It stays probably the most fiercely fought debates in music: How a lot does Spotify pay artists?Yesterday (March 18), the streaming firm made a daring transfer to reply the query as soon as and for all.Spotify has launched a brand new web site – Loud & Clear – that gives a plethora of data for artists (and their representatives) on the lookout for strong info in regards to the cash Spotify distributes to musicians and the music business.One part of the positioning tells us the variety of artists who’ve generated over $50k in payouts from Spotify (throughout data and publishing) yearly since 2017…2) HIPGNOSIS REVEALS HOW IT VALUES SONGS (AND THAT ITS CATALOG IS WORTH SLIGHTLY MORE THAN IT ORIGINALLY FORECAST)In case you’ve been studying MBW carefully this 12 months, you’ll undoubtedly know two issues about Hipgnosis Songs Fund in 2021:(i) It’s been shopping for main league copyrights at a price of knots; and (ii) It’s been below some strain to reveal extra in regards to the costs it pays for catalogs – and the calculations it makes use of to determine on these costs.A dose of that strain got here from funding financial institution Stifel earlier this 12 months.Amongst different criticisms, Stifel questioned Hipgnosis’ apply of reporting estimated accrued income – i.e. the cash the corporate believes it has coming down the pipe, however which isn’t but in its checking account.For a music writer who might be ready over a 12 months for cash collected overseas to reach from PROs, advised Stifel, this apply might trigger investor concern over cash-flow….3) NEARLY 98% OF 18-TO-49-YEAR-OLDS IN THE US DIDN’T TUNE IN TO THE GRAMMYS ON SUNDAYThe 63rd Annual Grammy Awards had been watched by a reside US TV viewers of 8.8 million on Sunday night time (March 14), down 53% year-on-year, in accordance with time-zone adjusted nationwide knowledge from Nielsen.These 8.8m viewers had been down by practically 10m on the 18.7m reside TV viewers that Nielsen counted for the Grammys in 2020.The figures additionally imply that 2021’s version of the ceremony, hosted this 12 months by South African comic Trevor Noah, was the least-watched Grammys of all time.In truth, the 8.8m viewers pulled in for 2021’s present had been practically half the dimensions of the viewers for the Grammys’ beforehand least-watched version in 2006, when 17m viewers tuned in…4) YouTube’s TikTok rival Shorts arrives within the USYouTube is increasing the beta of its TikTok rival Shorts into america.Based on YouTube, Shorts shall be expanded into the US regularly over the subsequent a number of weeks.At launch, Shorts beta customers could have entry to thousands and thousands of songs from over 250 label and writer companions, together with Common Music Group’s labels and publishing corporations, Sony Music Leisure and Publishing, Warner Music Group and Warner Chappell Music, Consider, Merlin, 300 Leisure, Kobalt, Beggars, CD Child, Empire, Peer, Reservoir, OneRPM and others.YouTube launched an early beta of Shorts in India in September with a handful of options aimed toward “creators and artists who need to shoot quick, catchy movies utilizing nothing however their cell phones”….5) UNIVERSAL AND MUSIC STREAMING SERVICE BOOMPLAY EXPAND LICENSE TO COVER 47 COUNTRIES ACROSS AFRICAAfrican music streaming service Boomplay and Common Music Group (UMG) have struck an expanded deal that can prolong licensing of UMG’s international music catalog from 7 to 47 nations throughout the African continent.Amongst the brand new markets are key territories resembling South Africa, Ethiopia, Côte d’Ivoire, Cameroon and Senegal, with UMG’s catalog now additionally extensively out there throughout French-speaking territories for first time.In 2018, UMG grew to become the primary main international music firm to license music to the service, which now has 50 million month-to-month energetic customers.Boomplay’s catalog at the moment stands at greater than 50 million tracks and claims to supply the most important repertoire of native African content material globally…Welcome to Music Enterprise Worldwide’s weekly round-up – the place we ensure you caught the 5 greatest 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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