Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be certain 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 earnings and scale back their touring prices.
It was a giant week for stats this week, with the worldwide music enterprise handled to the publication of two necessary units of numbers from two outstanding music entities.
Yesterday (March 23), Spotify up to date its Loud & Clear web site, revealing what artists earned from its service final yr.
One headline determine from the replace: over the course of 2021, Spotify claims to have paid out $7 billion (throughout publishing and recorded music) to music business rights-holders – up by round $2 billion on the “$5 billion-plus” that Spotify beforehand mentioned it paid out in 2020.
MBW dug a bit deeper into Spotify’s new numbers and located some jaw-dropping statistics, like this one: of the 8 million artists on Spotify’s platform, 5.4 million – or simply over two-thirds of artists on the service – have launched fewer than 10 tracks so far.
And, of the two.6 million artists on its platform with greater than 10 tracks, in line with Spotify, simply 165,000 acts are fashionable sufficient to even have greater than 10,000 month-to-month listeners.
This week’s different set of head-turning numbers got here from world recorded music physique IFPI, whose World Music Report revealed that the worldwide document business generated $25.9 billion final yr.
One of many highlights from IFPI’s newest report, was that annual paid-for streaming revenues elevated by $2.2 billion to $12.3 billion final yr.
Advert-funded streaming platforms (together with video companies) generated $4.6 billion in 2021, in line with MBW’s calculations based mostly on IFPI numbers. That was up 31% year-on-year (versus $3.5bn in 2020), representing an annual enhance of $1.1 billion.
Elsewhere, on Monday, Warner Music Group introduced that it has entered into an settlement to accumulate Center East and North Africa-focused music distributor Qanawat Music.
The information confirmed a report from MBW final week that Qanawat could be music’s subsequent big-money buyout, with our sources telling us that Warner Music Group was favourite to accumulate the distributor.
Additionally this week, Mushroom Group and AEG Presents unveiled a brand new management construction for Frontier Touring, whereas veteran Us music exec Patrick Moxey signed a “world strategic alliance” with Warner Recorded Music for 2 key document labels in his new label group.
See under for what went down this week…
On the newest episode of Music Enterprise Worldwide‘s Speaking Traits podcast, MBW founder Tim Ingham responds to a brand new set of statistics launched by Spotify about what artists earn from its platform
These stats, printed on Spotify’s Loud & Clear website, reveal that 16,500 artists generated over $50,000 in royalties from Spotify in 2021.
However Ingham argues this wasn’t probably the most revealing piece of knowledge issued by Spotify.
He as an alternative focuses in on a quantity buried in direction of the underside of the Loud & Clear website: Spotify estimates that round 200,000 artists on its platform are “skilled or professionally aspiring”.
The worldwide recorded music business noticed its wholesale revenues enhance by USD $4.0 billion in 2021, in line with the IFPI’s newest World Music Report (GMR).
That was a considerably bigger year-on-year enhance in world business revenues than we noticed in both 2020 (+$1.5bn) or in 2019 (additionally +$1.5bn).
In truth, it was a bigger YoY bump than we’ve seen at any level previously 20 years, in line with IFPI information.
3) CONFIRMED: WARNER ACQUIRES THE MIDDLE EAST’S QANAWAT MUSIC
Final week, MBW reported that music’s subsequent big-money buyout could be Qanawat Music, which operates as a music distributor throughout the Center East and North Africa.
Our sources informed us that Warner Music Group was favourite to accumulate Qanawat Music.
On Monday (March 21), Warner has introduced that it has entered into an settlement to accumulate the distributor.
4) MUSHROOM GROUP AND AEG PRESENTS UNVEIL NEW LEADERSHIP STRUCTURE FOR FRONTIER TOURING
Australia and New Zealand-based live performance promoter, Frontier Touring, has unveiled a brand new management construction for the corporate.
Frontier says that the brand new construction has been created to “make sure the legacy, mission, and tradition of Frontier is preserved and nurtured” following the passing of its founder Michael Gudinski in March 2021.
Established in 1979 by Michael Gudinski, and a part of the Mushroom Group, Frontier Touring is among the most outstanding touring firms within the Southern Hemisphere.
In 2019, Frontier entered right into a strategic three way partnership with AEG Presents.
Patrick Moxey has launched a brand new label group and has signed a “world strategic alliance” with Warner Recorded Music for 2 key document labels.
The settlement, which encompasses Payday Information and the newly created Helix Information, will see Warner Recorded Music dealing with world digital distribution by way of its impartial companies arm ADA Worldwide, and consists of the choice for the events to co-sign new repertoire.
This information follows the latest announcement that the group’s music publishing division Extremely Music Publishing has agreed an alliance with Warner Music Group’s Warner Chappell Music.
MBW’s Weekly Spherical-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their earnings and scale back their touring prices.Music Enterprise Worldwide
