From Queen’s big money to Hipgnosis’ new fund-raise: It’s MBW’s Weekly Round-Up



Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be 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 revenue and cut back their touring prices.It’s been one other quiet-ish summery week within the music enterprise – however that hasn’t stopped the greenback indicators from hitting MBW’s headlines.On Monday this week, we revealed our evaluation of Queen’s royalty earnings over the previous few years, utilizing monetary paperwork related to the British band’s UK firm.They confirmed that Queen has pulled in over USD $180 million in royalties over the previous three years, and that the band’s three founding members – plus Freddie Mercury’s property – shared a GBP £20 million dividend in 2020.Queen owns its recorded music catalog (exterior of North America, the place it’s owned by Disney) and licenses it by Common Music Group.With each publishing and recorded music rights taken under consideration, MBW estimates that Queen’s catalog could be valued at greater than $1 billion within the fashionable market.A type of magic, certainly.Elsewhere this week, Hipgnosis efficiently raised $215 million in a brand new share challenge.The corporate’s share inserting was over-subscribed by new and current shareholders eager to get in on the motion. That’s an excellent signal for Hipgnosis, but in addition for every other music rights firm on the market seeking to benefit from investor demand within the sector proper now.In the meantime, US-based Shamrock Capital made an fascinating transfer this week by closing a $196 million fund designed to supply leisure IP homeowners “mortgage buildings”. In different phrases, enabling rights-holders to borrow advances tethered to future earnings, relatively than promote their catalogs outright. One to look at.The previous few days additionally provided us large information from the likes of Sony Music Group, Roblox, and the Britney Spears camp.Right here’s the 5 tales you want to find out about…1) Hipgnosis raises $215m in over-subscribed share issueHipgnosis Songs Fund has a stack of contemporary money to play with.The aggressively acquisitive UK-listed agency has introduced to buyers in the present day (July 6) that’s has efficiently raised £156 million ($215 million) by way of a proposed new share inserting on the London Inventory Trade.That determine is barely greater than the £150 million ($210m) Hipgnosis focused with its announcement of the share inserting in June. Why? As a result of the increase was over-subscribed, because of what Hipgnosis says was “important demand from current and new buyers”.2) Queen’s music is making loopy cash. May or not it’s value a billion {dollars}?MBW has trawled again by the annual accounts of Queen Productions Ltd, the UK-based group into which Queen’s turnover is paid annually.The latest of the agency’s annual accounts, for the 12 months to finish of September 2020, was filed late final month.It reveals that Queen generated £41.95 million ($58.1 million at present trade charges) within the annual interval. The overwhelming majority of this cash got here from royalties, which amounted to £41.67 million ($57.7 million) within the 12 months.3) Shamrock simply raised $196 million to mortgage leisure rights-holders moneyUS-based funding agency Shamrock Capital is greatest identified in music for getting blockbuster leisure copyrights (together with Taylor Swift’s first six albums, which it acquired for round $300 million in November).Now, it’s providing music rights-owners a substitute for promoting up.Shamrock has confirmed that it’s raised a brand new $196 million fund with which it is going to supply mortgage buildings to IP homeowners – i.e. advancing rights-holders sums that they then repay (with curiosity) by way of future royalties.4) Sony Music inks strategic partnership with RobloxRoblox, whose Common Day by day Lively Customers (DAUs) rose to 43 million in Might, has inked a brand new strategic partnership with Sony Music Leisure (SME).Underneath the settlement with SME, Roblox and Sony Music say that they may work collectively to develop “modern music experiences for the Roblox neighborhood”.These alternatives, in response to the businesses, will “supply a variety of recent industrial alternatives for Sony Music artists to succeed in new audiences and generate new income streams round digital leisure”.5) Larry Rudolph resigns as Britney Spears’ supervisor after 25 yearsLarry Rudolph has resigned as Britney Spears’ supervisor after 25 years.Rudolph, whose different purchasers embrace Pitbull, Steven Tyler and Aerosmith, began managing Spears in 1995.He co-founded ReignDeer Leisure with Adam Leber in 2005, and joined artist administration collective Maverick in 2014.MBW’s Weekly Spherical-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and cut back their touring prices.Music Enterprise Worldwide



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