Analysis News From HYBE’s $400m+ in Q3 to Kobalt’s partnership with Morgan Stanley… it’s MBW’s Weekly Round-Up The five biggest stories to hit our headlines over the past seven days
Analysis News Live Nation has already sold 140m tickets to its shows this year – 19m more than in the whole of 2022 Concert promoter posted revenues of $8.2bn across all of its divisions in Q3, up 32% YoY
Analysis Talking ‘garbage’: How can Spotify and co sort the dregs of the music business from the hidden treasures? On Sir Lucian Grainge's bluntness, Believe's rebellion, and why a careful balance is required to find a true 'artist-centric' formula
Analysis News Sales from Seventeen, Jungkook and other BTS solo stars drove HYBE’s revenues to over $400m in Q3 South Korea-based entertainment giant HYBE has published its financial results for Q3
Analysis We Can Wipe It Out: The Beatles’ ‘greatest hits’ as a catalogue palimpsest Eamonn Forde on the continual adjustments and tweaks being made to the Fab Four's Greatest Hits packages
Analysis News Four things we learned from Sir Lucian Grainge on Universal’s Q3 earnings call… that wasn’t ‘Merchants of Garbage’ From Deezer to AI and China, UMG's leadership team discussed a number of key topics for the business
Analysis News Deezer’s ‘artist-centric’ model now has a new ‘user-centric’ element which, despite not really being ‘user-centric’, is quite a clever idea. MBW Explains: Digging into what Deezer's latest addition to 'artist-centric' really means
Analysis News Deezer added 600,000 new subscribers in Q3, and its revenues rose 5.5% YoY Deezer has published its financial results for the third quarter of 2023
Analysis Hipgnosis Songs Fund has been left concussed by ‘discontinuation’. But with a seemingly rock solid ‘call option’, Merck Mercuriadis still holds all the cards. On: Hipgnosis Songs Fund, the all important 'call option', Blackstone, and the most likely outcome of this week's mess
Analysis News Universal Music revenues hit $3bn in Q3, driven by sales from superstars like Olivia Rodrigo and Taylor Swift Universal Music Group has published its financial results for Q3 2023
Analysis News Global songwriter royalty collections hit $11.35bn in 2022 – with Latin America revenues up 64.9% YoY Publisher and songwriter royalties collected globally grew 28% YoY in 2022
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
Analysis News Believe generated $234m in Q3, up 9.1% YoY Paris-headquartered music company Believe has published its financial results for Q3 2023
Analysis News Spotify added 6m Premium subscribers in Q3 – and posted a quarterly profit Spotify's global Premium Subscriber base grew to 226 million paying users in Q3
Analysis Blatant Plagiarism? 5 key takeaways from Universal’s lyrics lawsuit against AI unicorn Anthropic Lawsuit against AI company could prove to be a decisive moment in establishing the legal boundaries of artificial intelligence