Welcome to Music Business Worldwide [157 articles]” > Music Business Worldwide‘s regular round-up– where we see to it you captured the 5 greatest tales to strike our headings over the previous 7 days. MBW’s round-up is sustained by Centtrip, which assists over 500 of the globe’s very successful musicians increase their revenue and also minimize their touring expenses.


Jon Batiste has actually had a fantastic week.

On Grammy Nominations news day (Tuesday, November 23), the musician, artist, author and also The Late Show bandleader discovered that he’s up for 11 honors at the 2022 event, greater than any kind of various other musician on the shortlist for the program.

That’s 2 greater than the most-nominated musician for the 2021 Awards reveal, which was Beyoncé, with 9.

Tied for 2nd position on the elections checklist for the 2022 program, arranged for January 31, are Justin Bieber, Doja Cat and also H.E.R. with 8 each, while both Billie Eilish as well as Olivia Rodrigo gained 7 each.

Meanwhile, JAY-Z got 3 elections this year, bringing his job overall to 83, as well as making him one of the most Grammy-nominated musician of perpetuity.

Also today, information showed up of among songs’s following big-money IPOs, with Chinese innovation titan NetEase [43 articles]” > NetEase Inc. verifying that its subsidiary Cloud Village– driver of songs streaming solution NetEase Cloud Music [44 articles]” > NetEase Cloud Music— will certainly note on the Hong Kong Stock Exchange on December 2.

According to Cloud Village’s syllabus, the company is intending to increase about United States $450 million in the IPO, which Sony Music Entertainment [1,083 articles]” > Sony Music Entertainment is purchasing shares in the company worth USD $100 million.

Plus, Fortnite manufacturer Epic Games [46 articles]” > Epic Games has actually acquired videogame programmer Harmonix, developer of the prominent Rock Band franchise business.

Epic Records [203 articles]” > Epic declares that, as it functions “to develop the metaverse”, the Harmonix group’s “experience is required to reimagine exactly how songs is experienced, developed as well as dispersed”. This is absolutely one to enjoy.

Elsewhere today, UK-based equity capital company Edge Investments shut a raising of GBP ₤85 million (approx USD $113 m) for a brand-new endeavor fund, as well as Republic Records [280 articles]” > Republic Records has actually called Wendy Goldstein and also Jim Roppo as Co-Presidents.

Here’s what dropped over the previous couple of days …


1) 2022 GRAMMY AWARDS: COMPLETE NOMINATIONS LIST

The elections for the 2022 Grammy Awards reveal remain in.

Jon Batiste is the most-nominated musician for the honors occasion, gaining 11 throughout 7 ‘areas’, consisting of General Field, R&B, Jazz, American Roots Music, Music For Visual Media, Classical, and also Music Video/Film.

The honors reveal happens on Monday, January 312022 Click right here to see the complete checklist of candidates.


2) SONY MUSIC BUYS $100 M OF SHARES IN NETEASE’S MUSIC SERVICE; CHINESE PLATFORM’S IPO SET FOR DECEMBER 2

Chinese innovation titan NetEase [44 articles]” > NetEase Inc. has actually validated that its subsidiary Cloud Village– which runs songs streaming solution NetEase Cloud Music [45 articles]” > NetEase Cloud Music— will certainly note on the Main Board of the Hong Kong Stock Exchange on December 2 under the sign “9899 HK.”

A pre-IPO syllabus exposes 3 “foundation capitalists” are backing Cloud Village’s listing: present moms and dad firm NetEase, Orbis Investment Management Limited, and also last– yet certainly not the very least– Sony Music Entertainment.

The last firm, MBW has actually uncovered, is purchasing shares in Cloud Village worth USD $100 million, according to a contract authorized by Cloud Village and also Sony [1,473 articles]” > Sony Music on November 22 …


3) EPIC GAMES BUYS ROCK BAND MAKER HARMONIX TO ‘REIMAGINE HOW MUSIC IS EXPERIENCED, CREATED AND DISTRIBUTED’

Epic Games, the manufacturer of hit computer game Fortnite as well as Unreal Engine, has actually gotten Harmonix, developer of the prominent Rock Band and also Dance Central franchise business for a concealed amount.

The acquistion of the Boston-based music-related video game workshop Harmonix adheres to a duration of effective fraternization with the songs market for Epic.

Epic’s front runner video game Fortnite has actually worked as a well-attended digital efficiency and also video clip best room for a variety of significant celebrities, while its Unreal Engine is utilized as the structure for 3D video developed by Sony Music’s Immersive Music Studios.

However, Epic’s most recent songs relocation might be its most enthusiastic yet …


4) UK-BASED EDGE INVESTMENTS RAISES $113 M FOR FUND BACKED BY SIMON MORAN AND GAVIN ROSSDALE

UK-based financial backing company Edge Investments has actually shut a raising of GBP ₤85 million (approx USD $113 m) for a brand-new endeavor fund.

The Edge Create The Future fund is targeting a last close of ₤100 million ($133 m).

Edge, led by veteran songs market business owner as well as legal representative, David Glick, claims the brand-new fund will certainly target financial investments in markets “such as edtech, online/ enhanced truth, adtech, web content development and also circulation” …


5) WENDY GOLDSTEIN AND JIM ROPPO NAMED CO-PRESIDENTS OF REPUBLIC RECORDS

Republic Records has actually called Wendy Goldstein as well as Jim Roppo as Co-Presidents.

Goldstein has actually functioned as President, West Coast Creative given that 2019 as well as is based in the Los Angeles workplace.

Meanwhile, Roppo has actually inhabited the blog post of Executive Vice President as well as General Manager because 2018 as well as is based in the tag’s New York head office …


MBW’s Weekly Round-Up is sustained by Centtrip, which assists over 500 of the globe’s very popular musicians increase their revenue and also decrease their touring expenses.

Music Business Worldwide

Resource: From the Grammys elections checklist to Sony’s $100 m share buy– It’s MBW’s Weekly Round-Up

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