Analysis News Music’s bond adventure continues, as SESAC and Hipgnosis both launch nine-figure offerings SESAC used the money raised to buy Audio Network; Hipgnosis' bonds will be priced next week. Both deals involve Blackstone.
Analysis News Warner Music Group revenues up 12.1% in calendar Q2; recorded music streaming up 2.7% A mixed bag of results for Warner, but double-digit increase achieved nonetheless – even as ad-funded streaming growth slows
News Concord buys Native Tongue in eight-figure acquisition, expands in Australia and New Zealand Concord launches Concord Music Publishing ANZ following buyout of indie pubco
News Some music companies are nervous about a ‘challenging economic climate’. Believe just increased its FY revenue forecast for 2022. Believe's group revenue growth in H1 was up 35.4% YoY to €352.2 million.
News ONErpm launches global music publishing service, ONE Publishing, partnering with multiple PROs worldwide One Publishing launches globally for OneRPM clients across both premium and DIY services
News BMG buys Germany’s largest independent label, doubling its recorded music revenues in territory BMG says that deal 'redraws the map of the German music industry'
Analysis News Sir Lucian Grainge on Universal’s new deal with Meta – and his belief that investment banks don’t ‘have the skill-sets or ability to exploit music rights’ Grainge was joined by Michael Nash and Boyd Muir on a call with analysts last week
Analysis News Sony generated over $2bn from recorded music and publishing in calendar Q2; recorded music revenues were up 11.2% YoY Recorded music streaming revenues were up 7.9% YoY in the quarter, MBW calculates
Analysis News Universal Music Group generated $2.7 billion in Q2; recorded music subscription streaming revenue grew 7.0% YoY BTS were UMG's biggest-selling artist globally in Q2 2022
News Once again, Spotify avoids Netflix’s woes: Music streamer added 6m net subscribers in Q2 SPOT is now projecting that its total global user base will hit 450 million people by the close of September
News Big result for major record companies, as UK competition watchdog dismisses need for music market investigation BPI celebrates, Hipgnosis expresses disappointment, at long-awaited conclusions
News Facebook will now directly share a proportion of ad revenue with music rightsholders for UGC videos. Your move, TikTok… A big move from Mark Zuckerberg's company, as it lays down gauntlet to TikTok
News Kobalt is pulling its 700,000 songs off Facebook and Instagram. Is the music biz headed for a historic bust-up with Meta? News comes just days after Epidemic Sound launched a $142m lawsuit against Meta for alleged infringement
Analysis News On SoundCloud’s new deal with Warner Music (or why the debate over Fan-Powered Royalties is more complicated than ‘fairness’). A bold and brave agreement between two forward-thinking companies. But can FPR ever go 'mainstream'?
News Bertelsmann could invest as much as $1bn in 2022 to help BMG buy catalog rights (if it wins the race for Pink Floyd) Hartwig Masuch says "this is a great time to be part of a privately-owned company which takes a long-term perspective”