Welcome to Music Business Worldwide’s weekly round-up – the place we make certain 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 earnings and cut back their touring prices.
Final Thursday (September 28) we discovered that gaming big Epic Games is divesting its direct-to-consumer (D2C) music platform Bandcamp, only a 12 months and a half after buying the corporate. The corporate buying Bandcamp from Epic is Los Angeles-headquartered B2B music licensing agency, Songtradr.
On Wednesday (October 4), US-based Bandcamp staff 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 final result for the worldwide members of the Bandcamp group”.
Additionally this week, outstanding France-headquartered indie music firm Wagram Music signed as much as Deezer‘s “artist-centric” cost mannequin.
In doing so, Wagram grew to become the newest firm to signal an “artist-centric” settlement with the platform, following Universal Music Group (UMG) and Deezer’s deal introduced final month.
Elsewhere, a brand new firm referred to as The Circuit Group was launched by music business veterans from artist administration corporations Seven20 and AYITA with plans to accumulate 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…
One of many greatest music business tales of the 12 months arrived final week with the information that Songtradr is to accumulate Bandcamp from Epic Video games.
The announcement arrived a 12 months 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 staff 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 document enterprise throughout the Center East and North Africa (MENA) is getting louder and instructed 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 primarily based 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) primarily based 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 and marketing, with a portfolio of over 300 creators…
The announcement of an settlement for an “artist-centric” cost mannequin between Common Music Group (UMG) and streaming service Deezer despatched waves via the music business final month.
Now one other music recording firm is signing as much as Deezer’s new cost 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” cost mannequin “aimed toward bettering the distribution of recorded music revenues and growing its worth…”
Music business veterans from artist administration corporations Seven20 and AYITA have teamed as much as set up The Circuit Group to accumulate 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 inside the music business, alongside typical artist administration.
“The engine on the heart of all the things within the music enterprise is the tune,” stated Dean Wilson, CEO and Co-founder of The Circuit Group and longtime supervisor of deadmau5.
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 taking part in in many of the confirmed 8,500 theatres throughout 100 international locations world wide 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…”