From Downtown’s $400m copyright sale to Tencent’s trouble in China: It’s MBW’s Weekly Round-up

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Welcome to Music Enterprise Worldwide’s weekly round-up – the place we make sure that 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 cut back their touring prices.The music trade is used to seeing nine-figure acquisitions happen nowadays. However the stack of money that hit our headlines on Monday (April 26) was sufficient to shock even essentially the most hardened of trade cash moguls.Practically $800m modified fingers by way of two bulletins inside a six-hour interval: (i) Hasbro promoting Leisure One Music (eOne Music) to Blackstone for $385 million in money; and (ii) Harmony shopping for Downtown‘s owned music copyright catalog for what MBW’s sources say was $400 million (a determine later backed up by a report within the Wall Road Journal).In the meantime, Goldman Sachs, by way of its Music In The Air report, has raised its valuation of Common Music Group from €30 billion to €44 billion. The latter determine is roughly equal to $53 billion at present change charges.The previous 5 days have additionally taught us that Tencent is perhaps about to be stung with a $1.5 billion wonderful by China’s State Administration of Market Regulation (SAMR), whereas Spotify‘s international Premium Subscriber base grew to 158 million in Q1.Right here’s a recap…1) CONCORD BUYS DOWNTOWN’S OWNED MUSIC COPYRIGHT CATALOG FOR AROUND $400MConcord was one of many international music trade’s big-spenders in 2020, splashing over $100 million on two events – as soon as to purchase a majority stake in Pulse Music Group, after which once more to purchase a catalog from hit-making US band Think about Dragons.In comparison with that, 2021 has been comparatively quiet for Harmony’s dealmaking group… till now.On Monday (April 26), it was confirmed {that a} Harmony affiliate has acquired 145,000 copyrights from New York-headquartered Downtown for what MBW understands is a $400 million deal.2) BLACKSTONE IS BUYING EONE MUSIC FROM HASBRO IN $385M CASH DEALFinancial big Blackstone is about to amass a giant bundle of music rights.Hasbro has confirmed it has entered right into a definitive settlement to promote Leisure One Music (eOne Music) to entities managed by Blackstone for USD $385 million in money.The transaction is anticipated to shut within the second or third quarter of 2021.The deal will add to a portfolio of music firms beneath Blackstone that additionally embrace music rights org SESAC.Photograph Credit score: Giorgio Trovato3) GOLDMAN SACHS: UNIVERSAL IS WORTH OVER $50BN, AND GLOBAL MUSIC STREAMING REVENUES WILL RISE $3BN THIS YEARIf there’s one music trade report that units the trade’s expectations greater than any others nowadays, it’s Goldman Sachs’ Music In The Air.The monetary firm has this week launched its newest replace to the paper, which has been obtained by MBW.Goldman Sachs, by way of the brand new Music In The Air, has raised its valuation of Common Music Group from €30 billion to €44 billion. The latter determine is roughly equal to $53 billion at present change charges.4) TENCENT COULD BE HIT WITH $1.5BN FINE AND FORCED TO SELL TWO MUSIC APPS IN CHINA (REPORT)Tencent and its majority-owned subsidiary, Tencent Music Leisure (TME), are dealing with a possible battering in China as a part of an antitrust clampdown by the nation’s regulators.In response to a brand new report from Reuters, although, China’s State Administration of Market Regulation (SAMR) is about to “make an instance” of Tencent, and that the corporate ought to anticipate to be stung with a wonderful of a minimum of 10 billion yuan ($1.54 billion) in consequence.Tencent might be raked over the coals for “anticompetitive practices in a few of its companies”, says a Reuters supply, “with music streaming particularly focus”.Credit score: sdx15 / Shutterstock5) SPOTIFY SUBSCRIPTIONS GREW JUST 2% TO 158M IN Q1, MONTHLY ACTIVE USERS TOPPED 356MSpotify revealed its monetary outcomes for Q1 2021 on Wednesday (April 28), revealing that its international Premium Subscriber base grew to 158 million within the quarter (ended March 31).That was up 21% year-on-year, however up by simply 2%, or 3 million subscribers, on the 155m that SPOT counted on the finish of the prior quarter (This autumn 2020).The corporate’s complete international Month-to-month Lively Customers, (MAUs), in the meantime, grew 24% year-on-year to 356m in Q1 2021 and by 3% in comparison with the earlier quarter.Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be sure to 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 cut back their touring prices. Music Enterprise Worldwide

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