Music Inc. Magazine’s Post

Check out this article from our very own Lynn Lowe!

We paid out an unprecedented £943.6 Million in royalties to songwriters, composers and music publishers in 2023 and collected a massive £1.08 billion in revenues, more than a 12% (£120.9 million) increase on 2022. Our cost-to-income ratio fell to a new low of just 9.2%, down from 9.3% the previous year. This important measure shows that our targeted investments in people, technologies and services, are delivering significant returns on investment for members. Our CEO Andrea C. Martin, ICD.D said of the results: 'Our remarkable performance in 2023 is a testament to the team’s hard work behind the scenes of the music industry. We're not just surpassing financial milestones at the lowest cost-to-income ratio amongst our peers; we're orchestrating a significant shift in the music business. My vision to ascend to a billion-pound society in royalties paid out isn't just a goal—it reflects our commitment to music creators worldwide. With our focus on innovation and strategic partnerships, including the recent pioneering Project Nexus, we're shaping the future of our business and redefining how rights are managed globally. For 110 years we have existed to ensure that every music creator receives fair compensation for their artistry, wherever and whenever their music is played.' See the full results: https://lnkd.in/eYZjMgnw

New market share results reveal the recorded-music and music publishing winners and losers in 2023 Music & Copyright’s annual survey of the recorded-music and music publishing sectors has revealed the changes in global market share for the three major music groups and the independent sector. UMG remained the overall global music group leader last year, but for the third year in a row, second-placed SMG reduced the gap. UMG’s recorded-music share was down slightly for the third consecutive year, while SME has registered share growth for four straight years. WMG’s share fell back for a second year, and the independent sector’s share edged down after a modest rise in 2022. For publishing, SMP extended its lead over second-placed UMPG, while WCM’s share was up for the third straight year. The collective share for the independent sector fell below 40% for the first time since 2014. For more details and analysis just follow the below link. https://lnkd.in/ei9anEF2

This is the most succinct, comprehensive, and actionable advice I’ve ever read concerning pitching music to music supervisors. https://lnkd.in/g6F9MxKk

Good article here on the recent developments with Hipgnosis:

Monetization of music interesting article about how old music being revitalized for the bottom line. Wed. tune the 'Bottom Line' by BAD. Happy Wed!

📰 US Congress Members Propose New Performer Remuneration System, YouTube Music & Premium Cracks 100M Subscribers, The Grammy Hall of Fame Is Back and much more! 🎶 Check out major music industry news you may have missed this past week! #YouTube #grammy #twitter #royalties #music #newsletter #explorationweekly #musicnews

As a music producer, you must understand beat licensing. In my recent blog post, I talk about the ultimate guides to beat licensing Learn all about beat licensing in simple terms and get access to valuable insights, and tips. Read the full article via the link below ⬇️ https://lnkd.in/dfMbzytw talk soon! -Robin Marni

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