Welcome to Music Enterprise Worldwide’s weekly round-up – the place we ensure 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 maximise their revenue and cut back their touring prices.
This week, Unhealthy Bunny was named as Spotify‘s greatest world artist for the third 12 months in a row.
His music was streamed over 18.5 billion occasions on the platform, which was DOUBLE his stream depend on the service this 12 months vs. 2021.
Final 12 months, Unhealthy Bunny obtained over 9.1 billion streams, reaching that tally with out even having launched an album in 2021.
In 2020, he had achieved over 8.3 billion streams on Spotify by December 1.
Additionally this week, Common Music Group acquired a minority stake in impartial music firm [PIAS] for an undisclosed sum.
The deal, which sees UMG purchase a 49% stake within the [PIAS] Group, follows the formation of a strategic world alliance between the 2 corporations in June 2021.
In the meantime, Video-sharing social networking service Triller, the US-based challenger to TikTok, says that it’s exploring revenue-share offers with main labels.
In line with a Triller spokesperson, the platform is at the moment “assessing” what it calls a “Spotify-like mannequin”, which, they add, would come with “a income share versus massive money funds as our agreements come up for renewal”.
Information of Triller’s rev-share plans arrives on the identical day (Friday, December 2) it was reported that Triller has eliminated the catalogs for Warner Music Group, Sony Music Leisure, and Common Music Group, in addition to for Merlin, which represents distinguished impartial labels and distributors.
Plus the UK competitors watchdog discovered that main report labels will not be “making important extra earnings that may very well be shared with creators”, whereas music audio streams crossed the 1 trillion mark for the primary time ever in a single 12 months within the US in 2022.
Right here’s what occurred this week.
1) IN 2021, BAD BUNNY WAS THE WORLD’S BIGGEST ARTIST ON SPOTIFY WITH 9BN STREAMS. THIS YEAR, HE DOUBLED THAT TALLY.
Spotify introduced on Wednesday (November 30) that Unhealthy Bunny has turn out to be the service’s greatest world artist for the third 12 months in a row, after his music was streamed over 18.5 billion occasions on the platform.
However that 2022 quantity is much more knock-out than it would first sound – as a result of the impartial Puerto Rican famous person really managed to DOUBLE his stream depend on the service this 12 months vs. 2021.
Final 12 months, Unhealthy Bunny obtained over 9.1 billion streams, reaching that tally with out even having launched an album in 2021…
2) [PIAS] FOUNDERS EXPLAIN WHY THEY SOLD 49% OF THEIR COMPANY TO UMG: ‘THE BATTLE LINES IN OUR INDUSTRY HAVE BEEN REDRAWN.’
Impartial music large [PIAS] revealed on Wednesday (November 30), that Common Music Group has made a minority funding within the firm.
The deal, which sees UMG purchase a 49% stake within the [PIAS] Group for an undisclosed sum, follows the formation of a strategic world alliance between the 2 corporations in June 2021.
In a letter despatched to [PIAS]’s companions on Tuesday (November 29), the day earlier than the deal was introduced, the indie agency’s founders, Kenny Gates and Michel Lambot, outlined the background and reasoning behind their determination to strike the take care of UMG…
3) NOW TRILLER SAYS IT’S EXPLORING REVENUE SHARE DEALS WITH MAJOR LABELS (WHILE BEING SUED BY SONY)
Video-sharing social networking service Triller, the US-based challenger to TikTok, says that it’s exploring income share offers with main labels.
In line with a Triller spokesperson, the platform is at the moment “assessing” what it calls a “Spotify-like mannequin”, which, they add, would come with “a income share versus massive money funds as our agreements come up for renewal”.
Such a transfer from Triller would comply with related steps taken by the likes of Meta, which introduced a ‘revenue-share’ mannequin for user-generated video content material again in July.
In the meantime, Bloomberg not too long ago reported that the three majors are at the moment asking Triller rival TikTok for a share of promoting revenues generated on its platform of their deal negotiations.
Information of Triller’s rev-share plans arrives on the identical day (Friday, December 2) it was reported that Triller has eliminated the catalogs for Warner Music Group, Sony Music Leisure, and Common Music Group, in addition to for Merlin, which represents distinguished impartial labels and distributors.
4) UK COMPETITION WATCHDOG FINDS MAJOR RECORD LABELS ARE NOT ‘MAKING SIGNIFICANT EXCESS PROFITS THAT COULD BE SHARED WITH CREATORS’
It was a probe into the music enterprise that, for an excellent second, had the key report corporations rattled.
However in the long run, following a radical research of the native music market, the UK’s main regulatory competitors watchdog has concluded that large-scale report labels are “[not] prone to be making important extra earnings that may very well be shared with creators…”
Credit score: Hannah Moon / Press
5) MUSIC AUDIO STREAMS JUST CROSSED THE 1 TRILLION MARK FOR THE FIRST TIME EVER IN A SINGLE YEAR IN THE US
Music audio streams within the US simply crossed the one trillion mark for the primary time ever in a single 12 months.
That’s based on US market monitor Luminate (previously MRC Information / Nielsen Music), which revealed that the 1 trillion mark was crossed within the US on Saturday (November 26).
That 1 trillion determine grew by 11.9 billion in comparison with 2021, when the full-year tally for music audio streams within the US was 988.1 billion, based on Luminate knowledge…
MBW’s Weekly Spherical-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and cut back their touring prices.
![From Unhealthy Bunny’s 18.5bn Spotify streams to Common buying a 49% stake in [PIAS]… it’s MBW’s Weekly Spherical-Up](https://www.musicbusinessworldwide.com/files/2021/06/Screenshot-2021-06-25-at-12.55.41.jpg)
