Music Business Worldwide (MBW)’s Post

New Post: Universal Music Group Announces Label Restructure, With Monte Lipman and John Janick as Leaders - https://lnkd.in/g-r_RGbT - The Universal Music Group announced a massive restructuring of its record label operations Thursday (Feb. 1), reorganizing its web of frontline labels to align them under two main companies, in Republic Records and Interscope Records. The move, which can loosely be termed an East Coast (Republic) and West Coast (Interscope) realignment, means that Interscope’s John Janick and Republic’s Monte Lipman will be leading U.S. label operations for UMG. As part of the move, the other U.S. label heads will now report through to Janick and Lipman, a source confirms. In the new alignment, Janick will now oversee Interscope, Geffen, Capitol, Motown, Priority, Verve and Blue Note, while Lipman will oversee Republic, Def Jam, Island and Mercury. UMG chairman/CEO Lucian Grainge announced the move today in a memo to staff, in which he acknowledged that Republic and Interscope have been the two market leaders in current market share in recent years; in 2023, Republic claimed 13.47% of the U.S. market, while Interscope was second, at 8.80%. “As our labels continue to maintain their creative A&R and marketing independence, unique identities, and entrepreneurial spirit, they’ll also be provided with access to the talent and resources best able to support their rosters and bring them to new levels of success,” Grainge wrote in the memo, obtained by Billboard. “It’s a proven model we pioneered on the East Coast several years ago—one that we will accelerate and expand. “As this model takes shape and spurs new creativity, our U.S. recorded music business will continue to outperform and outgrow our competition,” Grainge continued. “Led by the industry’s best creative visionaries — we will cultivate more repertoire sources, we will invest more in new artists and emerging genres, and UMG will become an even more attractive destination for the world’s most gifted artists.” The move comes after weeks of speculation about layoffs and restructuring at the company, and while no other moves were announced Thursday, layoffs are still expected, according to many sources. In his memo, Grainge said that “In the coming weeks, John and Monte will be making further announcements about structure, resources and next-generation partnerships. These and other developments will also power some of the other initiatives I outlined in my New Year’s note, including super-fan and audience monetization, state-of-the-art D2C, e-commerce, branding and more.” - ----------------------------------------------------- Download: Stupid Simple CMS - https://lnkd.in/g4y9XFgR

Warner Music Canada and Warner Music India have formed a new joint venture, 91 North Records, to support artists of South Asian descent. The new entity will be led by Ikky, a renowned artist and producer who has joined as creative director... Read More At:- https://lnkd.in/dEXKGUCE Warner Music Canada Warner Music Group #india #artist #southasian #producer #creative #director #news #media #newsupdate #newsfeed #newsflash #newsmedia #trendingnews #latestnews #dailynews #todaynews #breakingnews #englishnews #dailynewsupdate 

Sony Group Corporation published its Q1 financial results yesterday, although since that was Q4 of its fiscal year, it also meant full-year figures. MBW has already done the work of teasing out the global recorded music and music publishing figures – stripping out mobile games and animation projects that are included in the Japanese ‘music’ stats. By those calculations, Sony’s music business grew by 14.7% year-on-year to $2.5bn last quarter, with recordings revenues up 15.5% to $1.94bn and publishing revenues up 12.1% to $558.6m. Read The Full Story Here: https://lnkd.in/dTBShzfd #MusicBusiness #SonyMusic #FinancialResults #musically #musicnews #readmore

New Post: The Deals: Jauz Relaunches Label With OneRPM; ATC Management Signs Cooperation Pact With Chinese Indie Modern Sky - https://lnkd.in/gFnwmx8J - Los Angeles-based electronic producer Jauz partnered with global distribution company OneRPM to relaunch his six-year-old label, Bite This. Together, the two teams are planning label takeovers, pop-up events and compilations as they bring genre-spanning sounds by rising artists to the release calendar. The partnership with OneRPM — whose client list also includes artists like Chance Peña, Yelawolf, A$AP Twelvyy and Alejo — will provide projects from emerging Bite This acts like Albert Breaker and Edison Cole with label services that would normally be rare to have at an artist-run imprint. – Katie Bain U.K.-based ATC Management, whose clients include Bring Me the Horizon and Bullet for My Valentine, signed a new cooperation agreement with Chinese independent music company Modern Sky. Through the deal, the two companies will leverage their resources across management, live representation, merchandising, marketing and digital to drive artists’ careers in their respective markets. Related DMX Estate Partners With Artist Legacy Group: ‘We’ll Ensure His Music Lives On… 05/29/2024 AWAL partnered with L.A.-based networking and mentoring program Creative Futures Collective to launch the AWAL Futures program, which will focus on launching the careers of artists and supporting creatives from underrepresented communities. The artists selected into the program will receive an EP release from AWAL (including an EP release event at Soho Warehouse in July) as well as mentorship from AWAL executives. Creatives from the Creative Futures Collective community will assist with marketing assets including music videos, photos and other artwork. Selected artists for the inaugural program are Brooklyn-based project BITTERS featuring British frontwoman Claudia Mills; Columbus, Ohio-based Ghanian-American singer-songwriter NanaBCool; and Chicago rapper/producer Jay Wood. Two French collecting societies, the SCPP (for sound recording producers) and ADAMI (for music and audiovisual artists), signed a partnership agreement to pool their respective databases and distribution tools for private copying remuneration and equitable remuneration. A study is currently underway to draw up the operational implementation of the pact, which includes a clause under which the two companies may decide to merge within a joint subsidiary being created under the deal. The creation of the subsidiary will be submitted for approval at each company’s upcoming general shareholders meetings. “Both companies jointly ackno

🔥 Sony's $1.2B MJ Deal: Revolution or Risk? 🔥 Sony shakes the music world, snapping up half of Michael Jackson's catalog for a jaw-dropping $1.2 billion. Is this a game-changer for music asset valuation or a gamble on legacy in the digital era? With Sony setting records and a Jackson biopic incoming, are we seeing a new norm or a one-off spectacle? https://lnkd.in/d6zYeisE #MusicIndustry #SonyMusic #MichaelJackson #InvestmentTrend 👀 Thoughts on this historic move?

In 2024, all signs point to the music industry betting big on superfans... Taylor Swift's unprecedented success in 2023 illustrated this, showcasing how superfans are willing to invest heavily in premium experiences. Everybody from labels to promoters and even artists are positioning themselves for this with a strategic pivot towards catering to their superfans towards exclusive access and content, VIP experiences, and limited edition merchandise. This recognizes superfans' desire for a deeper connection with artists, proving that personalization and exclusivity can enhance fan engagement and drive revenue. What are you doing to cultivate and reward superfans for artists or projects you're working on? Let's jam on it 👇 https://lnkd.in/eFKQduRk #musicindustry #superfans #engagement

Here’s a recap of recent music industry hires and in-house promotions as of January 12th, 2024. https://lnkd.in/deRuS2aZ #musicindustry #musicbusiness #musicnews #musicindustrynews #musicjobs #musiccareers

Navigating The Melodies With Entity Deep Music: Roles and Responsibilities of PROs and CMOs In the intricate web of the music industry, two key players, Performance Rights Organizations (PROs) and Collective Management Organizations (CMOs) https://lnkd.in/d9bCAMz3

It seems like we read news about streaming fraud, massive uploads of AI created music, big organisations behind "fake" artists, "unfair" payment, etc. every week now. Luckily Daniel Johansson will help us better understand what is happening now during the session "Streaming Behind the Scenes" The streaming economy has increased rapidly in size, 2023 was another record year for the music industry. At the same time, numerous platforms are changing the way that revenues are distributed to rights holders. A burgeoning cohort within the industry is advocating for heightened transparency: What frameworks underpin the deals between labels and Digital Service Providers (DSPs)? How are tracks curated for prominent playlists? What is really happening behind the scenes? Dont forget to buy tickets: https://lnkd.in/dg-A-9QJ See you there!

🎶 Big news in the music world! Sony Music is set to acquire the legendary Queen music catalog, along with several other rights, for a staggering £1 billion (around $1.27 billion), sources confirm to Variety. This monumental deal, first reported by Hits, excludes revenue from live performances, which founding members Brian May and Roger Taylor will retain as they continue to tour with singer Adam Lambert. What do you think of this significant acquisition? Is investing in iconic music catalogs a wise move? Share your thoughts below! #Queen #MusicCatalog #SonyMusic #MusicIndustry #InvestmentOpportunity #IconicBands #MusicRights #BrianMay #RogerTaylor #AdamLambert #EntertainmentNews