From Universal Music impressing investors to Olivia Rodrigo giving credit where it’s due: It’s MBW’s Weekly Round-Up

Welcome to  Music Business Worldwide [157 articles]”>Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs.


What’s the best response to being plagiarized?

Exhibit A: The late comedian Bill Hicks. Hicks, then a relatively cult figure in entertainment circles, watched his peer Denis Leary scoop up critical and commercial prosperity with 1993 stand-up album No Cure For Cancer... which contained a string of material that, ahem, bore “resemblance” to many of Hicks’ own jokes.

According to biographer Cynthia True, Hicks was deeply enraged by Leary’s alleged lifting of his on-stage assets, from the subject matter through to the splenetic delivery Hicks was famed for.

Yet you wouldn’t know it from an interview Hicks gave in April 1993 to Austin Comedy News. When asked if he believed Leary had plagiarized his work, Hicks cooly replied: “I have a scoop for you. I stole [Denis’s] act. I camouflaged it with punchlines, and to really throw people off, I did it before he did.”

“… camouflaged it with punchlines”. What a burn. What a guy.

The giants of the modern music industry don’t tend to respond to plagiarism with Hicks-like rage, nor Hicks-like wordplay. Instead, they tend to choose the cold, lethal steel of their legal department’s email outbox.

MBW’s not saying that’s exactly what happened between Warner Chappell Music [494 articles]”>Warner Chappell Music and Olivia Rodrigo’s people RE: the striking similarities between the latter’s smash hit Good 4 U and Paramore’s Misery Business. But it was telling to see WCM announce this week (via a chummy Instagram congrats post) that Paramore’s Hayley Williams and Josh Farro were now credited Good 4 U songwriters.

The fact WCM confirmed this fact during Good 4 U’s fourteenth week in the Top 5 of the Billboard [760 articles]”>Billboard Hot 100 perhaps says something about the journey that was required to make it happen.

The Rodrigo/Paramore spectacle spiced up another sleepy summer week for the music business.

That being said, Universal Music Group [2,378 articles]”>Universal Music Group found time on Wednesday (August 25) to present to European investors at a Capital Markets Day (CMD) – in which UMG management confidently predicted that their firm’s annual revenues will rise by over 10% this year, and that its EBITDA will increase by 20%.

UMG’s current majority owner, Vivendi, saw its share price hit a 19-year high the following day. This may or may not have had something to do with the fact that, at said CMD, Universal committed to a “mid-term outlook” that will see the music company pay out 50% of its net profits as dividends to shareholders in future.

So there you have it: Maybe all those artists keen to be paid more money from the major record companies – aka: all artists ever – would do well to buy up UMG stock when the company goes public in Amsterdam.

UMG will be listing in the ‘dam, by the way, in less than a month.

A slide from UMG’s Capital Markets Day presentation (red scrawl, MBW’s own)

Elsewhere in the past few days, TuneCore [124 articles]”>TuneCore appointed a new CEO, the latest in a run of big international changes at Warner was announced, and dance festival Tomorrowland launched a snazzy new label – and a global distro deal with Universal/Virgin Music.

Here’s what you need to know…

Universal Music Group


Universal executives said at a capital markets day on Wednesday that they expected 2021 revenue to grow by over 10% at constant currencies, with earnings before interest, taxes, depreciation and amortisation (EBITDA) rising over 20%.

Reuters reports that UMG’s revenues were up 4.7% on a comparable basis in 2020.


Olivia Rodrigo has added two members of Paramore to the writing credits of her hit single Good 4 U.

The BBC [274 articles]”>BBC reports that Hayley Williams and ex-guitarist Josh Farro are now listed as co-writers of the song, which topped the UK charts for five weeks over the summer.


TuneCore, one of the world’s largest DIY music distribution platforms, has promoted Andreea Gleeson to the position of CEO.

Gleeson is the first CEO of TuneCore since Scott Ackerman, who exited the role in April last year.


Warner Music Group [1,782 articles]”>Warner Music Group has undergone a comprehensive leadership transformation since it floated on the Nasdaq in early June last year.

The bulk of that transformation has taken place in markets outside of the UK and US.

The latest of these changes was announced this week, with Kristen Burke [6 articles]”>Kristen Burke set to succeed the long-running boss of Warner Music Canada – Steve Kane – as President of the Toronto-based company.


Global dance music festival and brand Tomorrowland is launching a record label – and its releases will be distributed worldwide by Universal Music.

The label will partner with Virgin Records Germany, with global distribution through UMG’s Virgin Music Label & Artist Services, to give Tomorrowland access to market resources and label teams worldwide.

MBW’s Weekly Round-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs.Music Business Worldwide

Source: From Universal Music impressing investors to Olivia Rodrigo giving credit where it’s due: It’s MBW’s Weekly Round-Up

*This is a free press release. Upgraded press releases are ad-free!

UK’s first fusion technology centre provides Yorkshire jobs boost

A ground-breaking new fusion technology facility, which has the capability to test components in the simulated conditions of a fusion power plant, is now open and operating in South Yorkshire.The Advanced Manufacturing Park in Rotherham was chosen by the UK Atomic Energy Authority (UKAEA) as the ideal location for the new 25,000 sq. ft. fusion…

Read Press Release

Funeral Service Held in Covina for Marine Killed in Afghanistan

A U.S. Marine Corps carry team transfers the remains of Marine Corps Lance Cpl. Dylan R. Merola of Rancho Cucamonga, California, Aug. 29, 2021 at Dover Air Force Base, Delaware. Merola was assigned to 2nd Battalion, 1st Marine Regiment, 1st Marine Division, I Marine Expeditionary Force, Camp Pendleton, California. (Jason Minto/U.S. Air Force via Getty…

Read Press Release

Consumers Find Influencer Role Increasingly Attractive

Axios, Sunday, September 26, 2021 4:39 PM Brands are throwing billions of dollars at online content creators, so the number of people looking to become influencers has exploded during the pandemic. “Takumi, a premier influencer marketing agency, received twice as many applications from people looking for representation in 2020 then it did in 2019,” per…

Read Press Release

Best Oculus Quest 2 accessories for 2021 – CNET

The powerful and affordable Oculus Quest 2 has brought virtual reality as close as it’s ever been to the mainstream. Facebook’s VR gaming system is cable-free, which is essential for having a great VR experience. While prices for it start at $300 for the 64GB version, it’s pretty bare-bones and doesn’t include anything beyond the VR…

Read Press Release

Clyde Edwards-Helaire Of The Kansas City Chiefs Remains Inconsistent

Kansas City Chiefs running back Clyde Edwards-Helaire is tackled by Los Angeles Chargers defensive … [+] back Nasir Adderley on Sunday, Sept. 26, 2021 in Kansas City, Mo. (AP Photo/Ed Zurga) ASSOCIATED PRESS The Kansas City Chiefs wanted to show their confidence in the scapegoat of the previous week’s contest. After fumbling the ball with 1:25…

Read Press Release

Why Canadian Conservatives Lost the Election

When they went soft on core principles, demoralized voters stayed home or voted for an upstart third party. NRPLUS MEMBER ARTICLE W hen Canadian prime minister Justin Trudeau called a snap election for this past Monday, the Conservative opposition had the chance to present a real contrast to his “woke” Liberal government. Instead, Conservative Party…

Read Press Release

From Universal Music impressing investors to Olivia Rodrigo giving credit where it’s due: It’s MBW’s Weekly Round-Up - Click To Share

Share on facebook
Share on twitter
Share on reddit
Share on linkedin
Share on email
Share on whatsapp