Welcome to Music Enterprise Worldwide’s weekly round-up – the place we make certain you caught the 5 largest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their revenue and scale back their touring prices.
Final Thursday (September 28) we discovered that gaming big Epic Video games is divesting its direct-to-consumer (D2C) music platform Bandcamp, only a yr and a half after buying the corporate. The corporate shopping for Bandcamp from Epic is Los Angeles-headquartered B2B music licensing agency, Songtradr.
On Wednesday (October 4), US-based Bandcamp workers introduced in a press launch that their union – Bandcamp United – had despatched a letter to Songtradr outlining a listing of calls for across the sale of the corporate.
Songtradr responded yesterday (October 5), explaining that it “will work in direction of a good and equitable end result for the worldwide members of the Bandcamp workforce”.
Additionally this week, outstanding France-headquartered indie music firm Wagram Music signed as much as Deezer‘s “artist-centric” fee mannequin.
In doing so, Wagram turned the newest firm to signal an “artist-centric” settlement with the platform, following Common Music Group (UMG) and Deezer’s deal introduced final month.
Elsewhere, a brand new firm known as The Circuit Group was launched by music business veterans from artist administration companies Seven20 and AYITA with plans to amass a 50% stake in artists’ ‘IP portfolios’.
Plus, Warner Music Group made a strategic funding in MENA, whereas Taylor Swift’s ‘The Eras Tour’ live performance movie surpassed $100 million in world ticket presales.
Right here’s what occurred this week…
Photograph credit score: T. Schneider/Shutterstock
One of many largest music business tales of the yr arrived final week with the information that Songtradr is to amass Bandcamp from Epic Video games.
The announcement arrived a yr and a half after Epic (the maker of the hit online game Fortnite, and Unreal Engine) itself acquired Bandcamp – an internet music retailer and direct-to-fan platform.
On Thursday (October 5), Songtradr responded to a press launch issued by US-based Bandcamp workers on Wednesday (October 4), which revealed that their union – Bandcamp United – had despatched a letter to Songtradr outlining a listing of calls for across the sale of the corporate…
Simply over a month in the past, MBW famous how the sound of alternative for the file enterprise throughout the Center East and North Africa (MENA) is getting louder and advised that the race is on for the majors to construct market energy within the area.
That commentary arrived in response to the information of Common Music Group‘s acquisition of Chabaka Music, a outstanding firm based mostly within the United Arab Emirates.
Wednesday (October 4) introduced extra proof of the MENA area’s rising significance within the world music enterprise with the information that Warner Music Group has made a strategic funding in HuManagement, a GCC (Gulf Cooperation Council) based mostly expertise company.
The corporate, described by Warner as a “trailblazer” within the MENA area, operates throughout music, movie, tv, sports activities, digital media, and advertising, with a portfolio of over 300 creators…
The announcement of an settlement for an “artist-centric” fee mannequin between Common Music Group (UMG) and streaming service Deezer despatched waves by means of the music business final month.
Now one other music recording firm is signing as much as Deezer’s new fee mannequin.
France-headquartered indie music firm Wagram Music introduced on Monday (October 2) that it has signed an settlement with Deezer (additionally a France-headquartered agency) for an “artist-centric” fee mannequin “aimed toward enhancing the distribution of recorded music revenues and rising its worth…”
Music business veterans from artist administration companies Seven20 and AYITA have teamed as much as set up The Circuit Group to amass a 50% stake in artists’ IP portfolios.
Based by Dean and Jessica Wilson of Seven20, and Brett Fischer, David Grey, and Harvey Tadman of AYITA, The Circuit Group additionally goals to collaborate with artists to forge alternatives in numerous verticals throughout the music business, alongside typical artist administration.
“The engine on the middle of all the things within the music enterprise is the music,” stated Dean Wilson, CEO and Co-founder of The Circuit Group and longtime supervisor of deadmau5.
Photograph Credit score: Brian Friedman/Shutterstock
As of October 4, Taylor Swift’s ‘The Eras Tour’ live performance movie has bought greater than $100 million upfront tickets globally.
That presales income tally has been achieved with every week nonetheless to go till the movie begins enjoying in many of the confirmed 8,500 theatres throughout 100 nations all over the world on October 13.
AMC says that it noticed “significantly robust in premium large-screen codecs like IMAX, Dolby Cinema, PRIME at AMC and different branded premium experiences…”
