From Sony and Warner’s calendar Q1 results to TikTok’s A&R recruitment drive: It’s MBW’s Weekly Round-Up

Welcome to Music Business Worldwide [157 articles]” > Music Business Worldwide’s weekly round-up– where we make certain you captured the 5 most significant stories to strike our headings over the previous 7 days. MBW’s round-up is supported by Centtrip, which assists over 500 of the world’s very popular artists increase their earnings and decrease their touring expenses.


This week saw calendar Q1 revenues reported for Sony [1,570 articles]” > Sony Music and Warner Music Group [2,069 articles]” > Warner Music Group.

Sony’s international music rights operation– throughout taped music and music publishing– produced USD $1.988 billion in the 3 months to end of March 2022.

That’s according to MBW’s computations based upon Sony Group Corp’s financial Q4 (calendar Q1) results, as revealed by the Japanese company previously today.

Warner Music Group, on the other hand, produced USD $1.376 billion in the very first 3 months of2022 That figure was up 13.2% year-on-year at consistent currency, the company informed financiers today.

Warner exposed these numbers as part of its financial Q2 (calendar Q1) monetary outcomes.

Also today, we found out that Pink Floyd is thinking about offering their taped music brochure for numerous countless dollars.

Bloomberg sources recommended that agents for the renowned British band have actually connected to prospective purchasers in the music company.

Now, a brand-new report from the Financial Times recommends that Warner Music Group and KKR [71 articles]” > KKR-backed BMG [766 articles]” > BMG are amongst the business contending for that offer– which quotes are flying in above the half-billion-dollar mark …

According to the feet, mentioning individuals knowledgeable about the talks, the rate of the offer, if concurred, has the possible to surpass what Sony Music spent for Bruce Springsteen’s documented music and publishing brochures, in music’s very first $500- plus million artist brochure offer.

Elsewhere, Snapchat was taken legal action against by a subsidiary of SUISA, the collection society for songwriters and publishers in Switzerland, while ByteDance [100 articles]” > ByteDance and TikTok were employing for A&R officers in London, Los Angeles and Sao Paulo.

Here’s what occurred today …


1) SONY GENERATED $1.99 BN FROM RECORDED MUSIC AND MUSIC PUBLISHING IN CALENDAR Q1, UP 13.5% YOY

Sony’s international music rights operation– throughout tape-recorded music and music publishing– produced USD $1.988 billion in the 3 months to end of March 2022.

That’s according to MBW’s estimations based upon Sony Group Corp’s financial Q4 (calendar Q1) results, as revealed by the Japanese company previously today.

The $1.988 billion figure was up 13.5% year-on-year (vs. calendar Q1 2021) at United States dollar-converted continuous currency …


2) WARNER MUSIC GROUP POSTS $1.38 BN IN CALENDAR Q1 REVENUE, UP 13.2% YOY

Warner Music Group created USD $1.376 billion in the very first 3 months of 2022.

That figure was up 13.2% year-on-year at continuous currency, the company informed financiers today.

Warner exposed these numbers as part of its financial Q2 (calendar Q1) monetary outcomes.

Those outcomes likewise exposed a couple of other fascinating figures throughout both WMG’s taped music and music publishing operations …


3) BMG AND WARNER COMPETING FOR PINK FLOYD CATALOG, WHICH COULD FETCH MORE THAN BRUCE SPRINGSTEEN’S $500 M+ DEAL (REPORT)

We found out previously today that Pink Floyd is thinking about offering their tape-recorded music brochure for numerous countless dollars.

Bloomberg sources recommended that agents for the renowned British band have actually connected to possible purchasers in the music company.

Today (May 13), another report, this time from the Financial Times, recommends that Warner Music Group and KKR-backed BMG are amongst the business completing for that offer– which quotes are flying in above the half-billion-dollar mark …


4) SNAPCHAT OWNER SUED BY SWISS COLLECTION SOCIETY FOR ‘REFUSING TO PAY AUTHORS AND PUBLISHERS FOR MUSIC ON ITS PLATFORM’

The Snapchat story has, by the majority of accounts, been a rosy one for the music organization in current times.

The Snap Inc.-owned platform has actually struck licensing arrangements with the similarity Warner Music Group, Universal Music Group [2,693 articles]” > Universal Music Group, and Sony Music Entertainment [1,173 articles]” > Sony Music Entertainment in the previous 2 years– throughout a duration where Snapchat’s user base has actually grown substantially.

Indeed, in Snap’s latest quarterly financial outcomes (Q1 2022), revealed last month, the business validated that it now reaches 332 million Daily Active Users (DAU) internationally– up by 52 million, or 18%, year-over-year.

However, the other day (May 12), relations in between the music biz and Snapchat took a sour turn …


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5) AS BYTEDANCE IPO RUMORS RESURFACE, TIKTOK HIRES FOR A&R EXECS IN LONDON AND LA TO ‘SIGN’ NEW ARTISTS

Last week, we asked if TikTok was gradually becoming a record business.

The driver for that short article, besides the launch of TikTok’s circulation and artist incubator platform SoundOn in March, was a task advertisement published by moms and dad business ByteDance for an A&R executive in Jakarta.

According to that advertisement, among the obligations noted for the function is “finding and signing brand-new music skill”.

That got us believing. With TikTok carrying out functions for artists like marketing, circulation, discovery and advancement, is the platform on its method to ending up being a record label?

This week brought a brand-new layer to this story: ByteDance and TikTok appear to have actually gone worldwide in their look for both skilled A&R s and brand-new artists, with task advertisements for A&R Managers appearing in London, Los Angeles and Sao Paulo (Brazil) …


MBW’s Weekly Round-Up is supported by Centtrip, which assists over 500 of the world’s very popular artists increase their earnings and minimize their touring expenses.

Music Business Worldwide

Source: From Sony and Warner’s calendar Q1 results to TikTok’s A&R recruitment drive: It’s MBW’s Weekly Round-Up

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