New Post: Downtown Music Holdings Board Exploring Sale - https://lnkd.in/gsnSExnM - The board of Downtown Music Holdings, the parent company of independent distributors CD Baby and FUGA as well as a number of other publishing and rights administration businesses, is exploring a sale, sources familiar with the deal tell Billboard. Related Labels Competing With Distributors Creates More Options for Creators 03/15/2024 The publishing administrator for the catalogs of John Lennon and Yoko Ono, Miles Davis and the Wu-Tang Clan, among many others, Downtown has held talks with private equity firms and at least one major music company, as its longtime backer, the family of the late Douglas Myers, looks to exit its investment, according to two of those sources who spoke on condition of anonymity because the talks are private. The fast-growing independent sector of the music industry has seen a flurry of dealmaking activity in the past year, as both outside investors and traditional music companies shop for ways to control more of the market that services and distributes the music of do-it-yourself artists, songwriters and indie labels. In June, the consortium composed of Denis Ladegaillerie, EQT and TCV bought 95% of the outstanding shares of of French music company Believe after Warner Music Group backed out of an acquisition bid the major floated earlier in the year. Later that same month, the Chicago-based private equity firm Flexpoint Ford bought a stake in Create Music Group for $165 million. Last year, Apple veteran Larry Jackson raised about $1 billion and purchased distributor Vydia as the engine to launch his new company gamma, while Exceleration Music bought indie distributor Redeye for an undisclosed sum. Downtown declined to comment on a possible sale beyond an emailed statement that said, “There has always been strong market interest in and excitement for our platform. We remain steadfastly focused on serving our clients and expanding our business by continuing to drive innovation across the global music industry.” The market share of recorded music revenue generated by labels and artists that release music outside of the major-label system has been growing globally for around a decade. Non-major labels and self-releasing artists’ collective share of the recorded music revenue market grew from 28.6% in 2015 to 36.7% in 2023, according to research by MIDiA. Founded by Justin Kalifowitz in 2007 as a publisher in New York, Downtown quickly grew into a global company with more than 20 offices around the world, and its scale makes it among the more attractive acquisition targets in this segment of the music industry. It r
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'Money' - Pink Floyd looks to sell their entire catalogue for a hefty $500 million! As someone working with finance professionals in the music industry, it'd be really interesting to discuss whether the sale of artists' catalogues is the future of long-term investments in the entertainment industry? If you fancy reading a little more into the logic behind these numbers, check out MBW's article on the price tag: #finance #music #ComfortablySum https://lnkd.in/eaSmt97f
Pink Floyd’s recordings catalog could soon sell for $400m-$500m. But how much does it earn today?
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🎶 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
Queen Catalog to Be Acquired by Sony Music for £1 Billion
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MIDiA Research’s latest report is a deep dive into the ‘non-majors’ sector of the music industry, including independent labels and self-releasing artists. It has some useful stats on indies’ share of the recorded-music market by a couple of metrics. “Non-majors, on a distribution basis, represented 34.2% of the total recorded music market in 2023, but on an ownership basis this jumped to 46.7%, with revenues of $14.3 billion,” wrote MD Mark Mulligan in his summary of the findings. “Non-major revenue distributed by the majors was $3.8 billion in 2023.” Read The Full Story Here: https://lnkd.in/dB_dCv9y #musically #musicnews #readmore
'Non-majors' have 46.7% ownership share of recorded-music market
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Entertainment Executive | Music Tech & AI | Streaming & DSPs | Artist & Label Relations | Recorded Music & Publishing
As more and more music is released, and breaking artists on label-friendly deals gets harder and harder, majors are turning increasingly to catalog acquisitions for durable revenue streams. We don't know what rights Sony Music Entertainment is trying to buy (simply re-upping master rights they already have? Are they acquiring former Universal Music Group rights? Both? Are they buying publishing?), but this is Pink Floyd. They are cultural icons - and Sony Legacy, the label's catalog division - are experts in exploiting heritage IP for even more money. If this deal happens look out for the Pink Floyd biopic coming in 2026. Even if Sony has to overpay and the multiple isn't ideal, it's better to have this asset you can count on, rather than relying solely on the roulette wheel that is frontline a&r. #musicindustry #musicbusiness #catalog #musicfinance
Sony could spend $500 million on Pink Floyd’s back catalog
sherwood.news
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The legendary rock band KISS has made headlines with the sale of their song catalog, name, image, and likeness rights—including their iconic face paint designs—to the private entertainment firm Pophouse Entertainment for a staggering amount exceeding $300 million. This deal underscores the enduring value of music royalties and marks a significant moment in the appreciation of music as a pivotal asset class. 🔍 Why is this important for investors and the music industry? The enduring value of music royalties investments has never been more evident. As seen in the strategic move by Pophouse, investing in timeless music catalogs like that of KISS harnesses a steady stream of revenue generated by their enduring appeal. This approach not only preserves the artistic legacy but also ensures that the music continues to inspire and entertain future generations, showcasing the power of strategic music investments. In parallel, both Pophouse and Royalties Inc have recognized the value in another music legend's catalog—Avicii. Their strategic investments in the music and publishing rights of the celebrated DJ and producer illustrate a keen understanding of the market dynamics and the potential for substantial returns. These investments highlight the evolving nature of the music royalties space, where the legacies of artists like Avicii are celebrated and leveraged through innovative platforms and technologies, bringing their music to new audiences around the globe. As we celebrate the legacy of KISS and the strategic foresight of entities like Pophouse and Royalties Inc, it's clear that the music industry is ripe with opportunities for those willing to invest in the timeless appeal of iconic artists. The sale of KISS's catalog is a statement about the lasting value of music and the potential it holds for innovative growth and enduring impact. Music Royalties Inc. Pophouse Entertainment #RoyaltiesInc #Royalties #MusicRoyalties #MusicIndustry #Investments
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New Post: Spain’s Recorded Music Industry Surges to $567M in 2023 as Streaming Subscriptions Jump 15% - https://lnkd.in/gd-d-3ST - Spain’s recorded music industry enjoyed revenue of nearly 520 million euros ($567 million) in 2023, marking the third consecutive year of double-digit growth. The industry witnessed a notable 12.33% increase from the previous year, with music sales contributing 465 million euros ($507 million), according to the latest report from PROMUSICAE, an association representing over 95% of the Spanish recording sector. The growth is attributed to a robust digital market, which now accounts for 86% of music consumption in Spain, with streaming services leading the charge. Remarkably, nearly 99% of digital sales, amounting to 398.6 million euros ($435 million), came from streaming, with audio platforms generating 330 million euros ($360 million) and video accounting for the remainder. This trend underscores the continuing shift towards digital consumption, with physical sales also seeing an uptick, particularly in the vinyl segment, which experienced a 19% revenue increase and commanded over 56% of the physical market’s turnover. Related Spain’s Music Market Is Booming As It Welcomes Latin Talent From Around The Globe 03/12/2024 The report highlights the increasing embrace of premium subscription models, with over 6 million Spaniards opting for such services in 2023, a 15% jump from the previous year. This reflects a growing willingness among consumers to pay for enhanced music experiences, although Spain still lags behind other markets in terms of premium subscriber shares. PROMUSICAE’s president, Antonio Guisasola, reflected positively on the industry’s achievements in 2023, underscoring the pivotal role of the streaming model in providing consumers access to a vast array of recorded music at a modest price. He credited this success to the collective talent of artists and the concerted efforts and investments of the recording industry. “We make a very positive assessment of the 2023 year’s closure, with big hopes in the reasonable advance of the streaming model that brings to the consumer at a modest price all recorded music created thanks to the sum of artists’ talent and the work, effort, and investment of all the recording industry of our country,” he said in a press release. However, he acknowledged the industry’s ongoing journey to recover and reach the pre-piracy-crisis levels of 2001 when revenue was 37% higher than it was last year. Guisasola advocates for comprehensive support from the public sector and continued investment in artist development to reach and surpass the revenue levels seen before the piracy crisis, with the ai
Spain’s Recorded Music Industry Surges to $567M in 2023 as Streaming Subscriptions Jump 15%
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Amongst musicians and other music industry professionals, you'll oftentimes hear that 'recorded music no longer has monetary value' as they point to dwindling returns from streaming. But just look at the numbers for Sony, and they're up: Sony pulled in nearly 2B USD in the last quarter alone from recorded music, not including publishing. Physical sales, like CDs and Vinyl did about 200M USD in that quarter. This one major label, one quarter. The buyers are there. The demand is there. So where does this sentiment come from: 'You're only going to make it with live performances and merch'? It's the 99.9% of artists who are not feeling it. #web3music is poised to change the game by matching audience demand with artist value- recorded music included. Watch this space. Link to article from MBW in first comment. P.S. How do you think artists can find new ways to monetize their recordings?
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FanCircles SuperFan Platforms - CEO | Music Industry. Generate $100,000 from 1,000 superfans using artist branded superfan apps.
Great read Eamonn Forde, and yes, the totally arrogance of the big labels killed music in return for their share prices going up for last 15 years based on streaming’s double digit growth. Well the growth has all but stopped now and the big 3 are looking for new revenue streams. So all of a sudden, superfans are important, as if they were never the life blood of the industry in the first place! You’d be amazed at the enquiries and signings we have made in the last 3 months compared to the last few years. I’m getting meetings coming FROM labels asking how they can harness superfans with our FanCircles platform. That never happened once in the previous 7 years. And they are trying to get to us before the artists do, so they can take their cut. I hope the music industry follows the needs of the business of making music now. Because the message we have been indoctrinated into thinking for the past decade plus, is that streaming networks are the only way. Totall bullsh*t. They have only benefited the labels with the rights to 45 years of backcatalog, and product placement driving art and artists. That, is not the music industry I want to be in.
SELF-PROMOTION POST: how the music industry is bellowing its way into The New Age Of Arrogance (aka Never Mind The Bullish, Here's The Sachs Epistles). For The Quietus. https://lnkd.in/eu_pg-t9
How the Music Industry is in a New Age of Arrogance | The Quietus
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Did you hear? Sony Music Entertainment is reportedly in talks to acquire the Queen music catalog for a whopping $1.27 billion! This potential deal, if executed, would be one of the biggest music catalog acquisitions in history. Highlights the growing value of music rights, and the increasing interest from major players in the industry. Don’t have an extra billion dollars lying around? Don’t worry, you can still get in on the action of buying music royalties. At JKBX, we believe that everyone should have the opportunity to invest in music they love. Our platform allows you to own a piece of the royalties from your favorite songs! Want to learn more about how JKBX is democratizing music ownership? Visit our website and buy your first shares for … a lot less than $1B! ;) P.S. If you could, would you buy a piece of the Queen Catalog? Let us know in the comments! #queen #musicinvestment #investing #JKBX #musicroyalties (link to article by Music Business Worldwide (MBW) in the comments) Full Disclosure: https://lnkd.in/gXtpTuv4 Offering Circular: https://lnkd.in/gW6Pm-fr
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About half as many major music catalogs were sold last year compared to the market's high point in 2021, per music firm Luminate. Bob Dylan, Neil Young, Stevie Nicks & Barry Manilow have done deals to sell their catalogs. Here’s a list of others: https://shorturl.at/dgrP9 What's happening: The music royalties market is coming down from its 2021 high. But the growth of streaming music continues to increase the value of song rights. The global music industry had a record-setting 2023, with more than 4 trillion on-demand audio song streams. That's a 22.3% increase from 2022's 3.4 trillion streams.
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