Category: Music

Welcome to the new record business: Warner Music Group is now generating over $270m from TikTok, Peloton, Facebook and other ‘alternative’ platforms annually

MBW’s Stat Of The Week is a series in which we single out a data point that deserves the attention of the global music industry. Stat Of the Week is supported by Cinq Music Group, a technology-driven record label, distribution, and rights management company.It’s been some week for the major record companies.Universal Music Group debuted…

Len Blavatnik’s Access sells $105m worth of Warner Music Group shares to Morgan Stanley

Yesterday (September 21) saw Universal Music Group make a gargantuan debut on the Euronext Amsterdam Stock Exchange, hitting a valuation of $53.3 billion after its first full day of trading.UMG wasn’t the only public music company to see its share price soar on the stock markets this week however: Nasdaq-listed Warner Music Group‘s share price…

Twitch strikes deal with music publishers

The National Music Publishers’ Association (NMPA) and Amazon-owned livestreaming platform Twitch have announced an agreement, which, in a statement they explain will see them “work together to build productive partnerships between the service and music publishers”.According to the NMPA, Twitch will provide “new opportunities” to music publishers, who will be offered “an opt-in deal”, which,…

TikTok owner ByteDance readies new music streaming app in China (report)

TikTok owner ByteDance is planning to a launch a new music streaming service in China later this year.The music service, currently under development, is dubbed ‘Luna’ internally and is provisionally named ‘Feilo’.That’s according to news outlet 36Kr, which, citing ‘multiple independent sources’, reports this week that the team behind Douyin, the Chinese version of TikTok,…

Believe revenues jump 30% in H1 2021 to over $300 million

Believe, which listed on the Paris stock exchange this summer, has revealed its interim financial results for the first six months of 2021.On an organic basis, Believe’s global revenues rose 30% to €260 million (USD $315m) in the half-year period, up from €196 million in the same period of 2020.The biggest driver for that uptick…

SNEP snipes at Believe. Believe bites back.

There’s some disappointment afoot for global music biz data geeks like MBW: the French recorded music trade body, SNEP, says it’s not reporting market numbers for the first half of 2021.The org is entirely pinning the blame for this decision on one of France’s most successful homegrown music companies: Believe, which floated on the Paris…

From Drake and Kanye’s blockbuster albums to Apple Music’s new DJ Mix technology: It’s MBW’s Weekly Round-up

Welcome to 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.British competition regulators were busy this week.On Tuesday, the UK’s…

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