This week on our Talking Trends podcast

 

Music Business Worldwide: Newsletter

Spotify just quietly dropped a stat that changes everything about how you should judge the streaming economy This week on our Talking Trends podcast, MBW founder Tim Ingham responds to a new set of statistics released by Spotify about what artists earn from its platform. Those stats, published on Spotify’s Loud & Clear site, reveal that 16,500 artists generated over $50,000 in royalties from Spotify in 2021. But Ingham argues this wasn’t the most revealing piece of data issued by Spotify today. He instead focuses in on a number buried towards the bottom of the Loud & Clear site: Spotify estimates that around 200,000 artists on its platform – out of 8 million total acts – are “professional or professionally aspiring”... (Talking Trends supported by Voly Music)

MBW Newsletter Sponsors Primary Wave: The Home of Legends. The world's leading independent publisher of iconic music CMS, CRM, Playlists, Royalty Accounting, Analytics: your music business all in one place Track, trace, identify music globally. All plays. All platforms, media and places. Centtrip: The award-winning account for music payments, royalties, foreign exchange and touring expenses Fastest growing creator-safe music platform. Largest musical variety. Built for creators. Voly Music The Bespoke Financial Management Platform for the Music Industry Want your brand here? Contact Rebecca through this link...   Patrick Moxey launches label group, inks global strategic alliance with Warner for Helix and Payday Records Patrick Moxey has launched a new label group and has signed a "global strategic alliance" with Warner Recorded Music for two key record labels. The agreement, which encompasses Payday Records and the newly created Helix Records, will see Warner Recorded Music handling global digital distribution via its independent services arm ADA Worldwide, and includes the option for the parties to co-sign new repertoire. This news follows the recent announcement that the group’s music publishing division Ultra Music Publishing has agreed an alliance with Warner Music Group’s Warner Chappell Music... (MBW) 52,600 artists generated over $10k on Spotify last year – and 15,140 of them uploaded their own music How many artists are earning enough to live from Spotify and other streaming services? It remains one the music industry's most contentious questions. Today (March 24), Spotify moved one step closer to giving us the answer. The streaming platform has updated its Loud & Clear website with a string of revelatory fresh stats concerning what artists earned from its service in 2021... (Stat of The Week supported by Cinq Music Group) Snoop Dogg, Google Ventures and Samsung join $450m funding round for Yuga Labs, the web3 firm behind Bored Ape Yacht Club Web3 platform Yuga Labs has closed a $450 million Series Seed funding round, led by a16z crypto. Yuga Labs is a web3 platform behind the popular NFT series Bored Ape Yacht Club, a collection of 10,000 Bored Ape NFTs. Last week, Universal Music Group's Web3 label 10:22PM bought a Bored Ape NFT for over $350,000. The funding round values Yuga Labs at $4 billion.... (MBW)

MBW'S QUOTE OF THE DAY "Everybody comes in thinking, ‘Oh my god, 1.4 billion people,’ when to tell you the truth, 50% of them are wondering where their next meal is going to come from, not the next genre of music to listen to. As a subset to that, our audience size [for monetized media] is 700 million people, not more, out of which 400 million to 500 million is your music-consuming population."   In a revelatory interview about India and its music market, Times Music COO, Mandar Thakur, discusses the potential for the territory and its homegrown artists around the world. Although Thakur is optimistic about the future for Indian artists internationally, he notes that they haven't yet had a global moment in the same way as Latin music or K-Pop... (World Leaders supported by PPL)

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Don't miss: 'Free' music streaming paid the record industry $4.6bn in 2021... and other key insights from the latest IFPI Global Music Report The global recorded music industry saw its wholesale revenues increase by USD $4.0 billion in 2021, according to the IFPI's latest Global Music Report (GMR). That was a significantly larger year-on-year increase in global industry revenues than we saw in either 2020 (+$1.5bn) or in 2019 (also +$1.5bn). In fact, it was a larger YoY bump than we've seen at any point in the past two decades, according to IFPI data. MBW has crunched the numbers found in IFPI's latest report, and discovered a few other major insights the publication reveals about today's global recorded music market. For example, did you know that ad-funded streaming services (including video services) generated nearly as much money for the record industry as physical sales last year? Or that the ARPU (Average Revenue Per User) of paid music streaming services actually increased (a bit) in 2021? Did you know that last year's overall global record industry revenue tally – $25.9 billion, according to IFPI – was the largest in history? But that this feat somewhat crumbles when inflation is applied? Read on to discover more about these insights, and other delectable data..... (The MBW Review supported by Instrumental) Don't miss: Mushroom Group and AEG Presents unveil new leadership structure for Frontier Touring Australia and New Zealand-based concert promoter, Frontier Touring, has unveiled a new leadership structure for the company. Frontier says that the new structure has been created to "ensure the legacy, mission, and culture of Frontier is preserved and nurtured" following the passing of its founder Michael Gudinski in March 2021. Established in 1979 by Michael Gudinski, and part of the Mushroom Group, Frontier Touring is one of the most prominent touring companies in the Southern Hemisphere. In 2019, Frontier entered into a strategic joint venture with AEG Presents... (MBW)

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