Analysis Spotify is embracing elements of Universal Music Group’s ‘artist-centric’ royalties model – following a new multi-year licensing deal between UMG and Daniel Ek’s platform Spotify's plans fit with the broad hopes of Sir Lucian Grainge's wishes as outlined at the start of 2023
News Spotify is changing its royalty model to crush streaming fraud and introduce a minimum payment threshold. Its plan? To shift $1 billion in payouts towards ‘working artists’ over the next 5 years. Exclusive: Music Business Worldwide has learned of Spotify's plan to introduce a number of new measures in Q1 2024 – and shift $1 billion away from bad actors
News Blackstone-backed $440m acquisition offer for Hipgnosis Songs Fund assets sees off rival interest Process clears the way for Thursday's shareholder vote from Hipgnosis Songs Fund
Uncategorized Analyst that double-downgraded Universal Music Group over AI, streaming concerns earlier this year just upgraded firm’s stock William Packer at BNP Paribas Exane has been impressed by UMG's Deezer deal and its work with AI companies
News Hipgnosis Songs Fund confirms that Merck Mercuriadis has an option to buy all of its rights if his investment advisory company is terminated Hipgnosis Songs Fund board announces Strategic Review of company, while confirming its investment advisor's key contractual clause
Analysis News BMI will pay songwriters and publishers a smaller portion of its revenues as a for-profit company – while upping its own margin from 10% to 15% of collections. Will its members tolerate this change? New revelations from Michael O'Neill shows that BMI is planning to increase its retained revenues by a third
News Citrin Cooperman reduces CRB III royalties windfall estimate for Hipgnosis Songs Fund by $11.8m, causing HSF board to halt October’s interim dividend Reduction in calculation leaves HSF investors without an interim dividend, which was due to be paid on October 27
News Major record companies issue statements condemning terrorist attacks in Israel Major recording companies and the Recording Academy condemn the atrocious attacks by the Palestinian militant group Hamas in Israel over the weekend
News Universal Music Group’s share price just hit a 12-month high, as company’s market cap climbs to $49 billion News comes after a number of prominent Wall Street analysts maintained a 'Buy' rating on UMG's stock
Analysis News The Spotify Top 20 is a snapshot of a much bigger story about independents, majors, and artist ownership From Drake to Taylor Swift, KAROL G, and Bad Bunny – different types of 'independent artist' are operating at the top of the modern global business
News Oana Ruxandra, Chief Digital Officer at Warner Music Group, to exit company Ruxandra confirmed her decision to leave in a note to WMG staff today
News After Kylie Minogue album hits No.1 in the UK and Australia, artist’s global streams may be the bigger story for BMG Tension already has more than 170 million streams worldwide, says BMG
News Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ looks likely to happen on October 26 Shareholders will vote on whether to keep Hipgnosis Songs Fund as a close-ended investment entity next month
Analysis News [PIAS] boss Kenny Gates on Deezer x Universal’s ‘artist-centric’ model: ‘For labels who invest every year, relentlessly, in new talent, this has to be good news.’ Thought the debate had died down? Think again...
News Deezer raises prices for SECOND time in 12 months: Individual subscription now €11.99 per month in France, Spain, as Family Plan balloons to £19.99 per month in UK UK price remains at £11.99 a month – one pound more than Deezer's rivals in territory