Home Business News MBW's Weekly Roundup: Spotify, Hipgnosis, Grammys, YouTube, Universal x Boomplay

MBW’s Weekly Roundup: Spotify, Hipgnosis, Grammys, YouTube, Universal x Boomplay


Welcome to Music Business Worldwide’s weekly recap – where we’ve made sure you’ve captured the five biggest stories that will become our headlines over the past seven days. MBW’s round-up is supported by Centtrip, helping over 500 best-selling artists in the world maximize their income and reduce their touring costs.


This week, Spotify has launched a new website called Loud & Clear, which tells us the number of artists who have made more than $ 50,000 in payments from a music streaming platform (through recordings and publishing) annually since. from 2017.

Meanwhile, this week, Song Fund Hipgnosis revealed how they rated the songs and its catalog a bit higher than originally anticipated.

Elsewhere, attendance at the 63rd Annual Grammy Awards dropped 53% year-on-year to an all-time low of 8.8 million on Sunday night (March 14 ), according to the time zone-adjusted country data from Nielsen.

Also, YouTubeThe rival of TikTok Shorts has arrived in the US, while Universal Music Group has extended licensing agreement with Boomplay music streaming service from 7 to 47 countries across Africa …


1) HOW MANY ARTISTS WILL MAKE $ 50K + A YEAR ON SPOTIFY? OVER 13,000.

It’s still one of the most heated debates in music: How much does Spotify pay the artist?

Yesterday (March 18), the streaming company took a bold move to answer questions once and for all.

Spotify has launched a new website – Loud & Clear – which provides a ton of information for artists (and their representatives) who are looking for solid facts about the amount of money Spotify distributes to musicians and industry. music industry.

Part of the site tells us the number of artists who have made more than $ 50k in payments from Spotify (on recordings and publishing) annually since 2017 …


2) HIPGNOSIS REVEALS HOW IT VALUES THE SONG (AND IT’S LIST IS BETTER THAN THE ORIGINAL FORECAST)

If you’ve read MBW this year carefully, you’ll definitely know two things about the Hipgnosis Songs Foundation in 2021:

(i) They have copyrighted major tournaments at an hourly rate; and (ii) The Company has come under some pressure to disclose more about the prices it pays for the portfolios – and the calculations it uses to decide those prices.

That pressure came from investment bank Stifel earlier this year.

Among other criticisms, Stifel questioned Hipgnosis’s practice of reporting estimated revenue – i.e. how much money the company believes they have been down the pipe, but not yet in their bank accounts.

Stifel suggested that, for a music publisher, who could wait more than a year for money to be collected overseas from PROs, this might cause investors to worry about cash flow….


3) Nearly 98% of people aged 18 to 49 years old in the US DO NOT GO TO GRAMMYS ON Sunday

The 63rd Annual Grammy Awards were watched live by 8.8 million US TV viewers on Sunday night (March 14), down 53% from the same period last year, according to national data obtained. Adjusted for the time zone from Nielsen.

Those 8.8 million viewers were down nearly 10 million from the 18.7 million live TV viewers Nielsen counted for the 2020 Grammy Awards.

The figures also mean that the 2021 version of the ceremony, hosted this year by South African comedian Trevor Noah, is the least viewed Grammy of all time.

In fact, the 8.8 million viewers coming to the show in 2021 was nearly half the audience for the least viewed version of Grammy in 2006, when 17 million viewers followed …


4) YouTube rival TikTok shorts to the US

YouTube is expanding a beta version of Shorts, rival TikTok, to the United States.

According to YouTube, the shorts will gradually expand to the US over the next few weeks.

At launch, Shorts beta users will have access to millions of songs from over 250 corporate and publisher partners, including Universal Music Group’s labels and publishing companies, Sony Music Entertainment and Publishing, The Warner Band and Music Warner Chappell, Believe, Merlin, 300 Entertainment, cobalt, Beggar, CD Baby, Empire, Equal, reservoir, OneRPM and others.

YouTube launched an early preview of Shorts in India in September with a number of features aimed at “creators and artists who want to shoot short, engaging videos without using their mobile phones”. ….


5) BOOMPLAY TELECOMMUNICATION AND MUSIC EXPANSION LICENSES TO 47 AFRICAN COUNTRIES

African music streaming service Boomplay and Universal Music Group (UMG) have reached an expansion agreement that will extend UMG’s global music catalog license from 7 to 47 countries across the African continent. .

Among the new markets are important territories such as South Africa, Ethiopia, Côte d’Ivoire, Cameroon and Senegal, with the UMG portfolio being widely available for the first time throughout the speaking territories. France.

In 2018, UMG became the first major global music company to license music services, now having 50 million monthly active users.

Boomplay’s catalog currently has over 50 million tracks and claims to offer the largest African local content store globally …


Welcome to Music Business Worldwide’s weekly recap – where we’ve made sure you’ve captured the five biggest stories that will become our headlines over the past seven days. The all-MBW event, backed by Centtrip, helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs.

Worldwide music business

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