Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be sure that you caught the 5 greatest 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 cut back their touring prices.
This week we obtained affirmation that Harmony has acquired LA-headquartered music distribution platform Stem, in what sources advised MBW was a excessive eight-figure greenback deal someplace above $50 million.
In one other vital deal, Chappell Roan producer Daniel Nigro‘s Amusement Information has expanded its partnership with Common Music Group. Amusement will now function as a “central label enterprise” inside UMG, with new artist signings in a position to companion throughout UMG’s household of labels.
Elsewhere this week, Dua Lipa gained a copyright lawsuit over her megahit Levitating, with a US federal choose ruling summarily that the plaintiffs failed to indicate substantial similarity between Levitating and a 1979 disco tune.
Additionally this week, Kakao Leisure, whose dad or mum firm is a significant shareholder in Ok-pop firm SM Leisure, debuted superfan platform Berriz, a direct competitor to HYBE‘s Weverse.
Lastly, MBW founder Tim Ingham laid out the case for why Spotify and different DSPs ought to increase their subscription costs this 12 months. Trace: It has to do with a metric known as common income per content material hour.
Harmony has, as anticipated, absolutely acquired Los Angeles-based music distribution platform Stem.
MBW’s sources advised us earlier this month that Harmony was shopping for the distribution platform, suggesting a excessive eight-figure greenback deal someplace above $50 million.
The official announcement of the acquisition on Monday (March 24) revealed that in addition to shopping for Stem, Harmony is making a further funding into Tone, a royalty accounting and monetary instruments platform launched by Stem’s administration staff in 2023.
“We at the moment are essentially the most well-funded, well-supported unbiased participant within the distribution house,” Stem founder and CEO Milana Lewisadvised MBW…
It’s been an excellent couple of weeks for well-known songwriters preventing off lawsuits accusing them of copyright infringement. First Mariah Carey beat a long-running swimsuit accusing her of ripping off components of her enduring smash All I Need For Christmas Is You.
Now, information breaks that Dua Lipa has been victorious in one other landmark case, this time pertaining to her megahit Levitating.
A federal choose in New York has dismissed a copyright infringement lawsuit towards the Warner Information-signed act, ruling that Levitating, launched in 2020, didn’t illegally copy a 1979 disco tune.
In an opinion and order issued Thursday (March 27), U.S. District Decide Katherine Polk Failla granted abstract judgment in favor of Lipa and her co-defendants, discovering that the plaintiffs did not exhibit substantial similarity between protectable components of the works…
Kakao Leisure, a outstanding participant within the Korean leisure trade and a rival to HYBE, has formally entered the superfan platform house.
Kakao has launched a brand new app known as Berriz, described as “a cutting-edge international fan platform designed to revolutionize the consumer expertise.” The transfer from Kakao locations it in direct competitors with Weverse.
Kakao, along with its dad or mum Kakao Corp., holds a 40.28% stake in Ok-Pop firm SM Leisure. It additionally owns South Korean Music streaming service Melon.
Notably, in 2023, Kakao and HYBE engaged in a months-long company battle to take management of SM Leisure…
Common Music Group has expanded its partnership with Grammy-winning producer Daniel Nigro’s Amusement Information label.
In keeping with the official announcement, beneath the brand new settlement, Amusement will function as a “central label enterprise” inside UMG, with new artist signings in a position to companion throughout UMG’s “international household of labels.”
The growth follows the success of Chappell Roan’s debut album, The Rise and Fall of a Midwest Princess, which was signed to Amusement and launched through Island Information.
UMG’s newly-expanded partnership with Nigro additionally builds upon his long-term relationship with Olivia Rodrigo, a Geffen/Interscope artist. (Island and Geffen/Interscope are each UMG labels.)…
Communicate to just about any senior determine on the world’s largest music rightsholders, and also you’ll discover it’s a bone of rivalry for all of them.
How come a typical music streaming subscription within the US prices USD $11.99 monthly, when – over within the land of movie and TV – Netflix expenses $17.99 monthly for its equal service?
The reply, after all, is the consistency of Netflix’s worth hikes over the previous decade.
As just lately as 2016, a person subscription to Netflix’s Customary tier within the States price customers precisely the identical quantity monthly ($9.99) as an Particular person Premium sub to Spotify…
