Home Topics Business MBW's weekly roundup: Spotify, Hipgnosis, Grammys, YouTube, Universal x Boomplay

MBW’s weekly roundup: Spotify, Hipgnosis, Grammys, YouTube, Universal x Boomplay

Welcome to Music Business Worldwide’s weekly recap we make sure you got the top five stories of the past seven days in our headlines. MBW Roundup is backed by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their tour costs.

This week Spotify launched a new website called Loud & Clear, which lists the number of artists who have generated over $ 50,000 in payouts annually from the music streaming platform (across records and releases) since 2017.

Meanwhile, this week, the Hipgnosis Songs Fund revealed how it values ​​songs and that its catalog is worth a little more than originally forecast.

Elsewhere, audiences for the 63rd annual Grammy Awards on Sunday evening (March 14) fell 53% year over year to an all-time low of 8.8 million, according to Nielsen’s timezone-adjusted national data.

In addition, YouTube’s TikTok rival Shorts has arrived in the US, while Universal Music Group has expanded its licensing agreement with the music streaming service Boomplay from 7 to 47 countries across Africa.

1) HOW MANY ARTISTS CREATE $ 50,000 + ONE YEAR ON SPOTIFY? Over 13,000.

It remains one of the most competitive debates in music: how much does Spotify pay artists?

Yesterday (March 18), the streaming company took a bold move to answer the question once and for all.

Spotify has launched a new website – Loud & Clear – which has a wealth of information for artists (and their representatives) looking for solid facts about the money Spotify is giving out to musicians and the music industry.

One section of the website lists the number of artists who have generated over $ 50,000 in payouts annually from Spotify (across records and releases) since 2017.

2) HIPGNOSE EXPLAINS HOW IT RATES SONGS (AND THAT ITS CATALOG is worth a little more than originally forecast)

If you’ve read MBW closely this year, you definitely know two things about the Hipgnosis Songs Fund in 2021:

(i) Major league copyrights were purchased at the rate of knots; and (ii) it has been under some pressure to disclose more about the prices it pays for catalogs and the calculations it uses to determine those prices.

A dose of that pressure came from the Stifel investment bank earlier this year.

Among other things, Stifel challenged Hipgnosis’ practice of reporting estimated accrued earnings – that is, the money the company believes has been brought to its knees but is not yet in its bank account.

For a music publisher that could wait over a year for money raised abroad to come from PROs, Stifel suggested, this practice could create investor concerns about cash flow.

3) Nearly 98% of 18- to 49-year-olds in the US failed to adjust to grammar on Sunday

The 63rd annual Grammy Awards were watched by a live US television audience of 8.8 million viewers on Sunday evening (March 14th), a 53% decrease from last year. This is based on time zone-adjusted national data from Nielsen.

Those 8.8 million viewers were nearly 10 million lower than the 18.7 million live TV viewers Nielsen counted for the 2020 Grammys.

The numbers also mean the edition of the 2021 ceremony, hosted this year by South African comedian Trevor Noah, was the least viewed Grammys of all time.

In fact, the 8.8 million viewers who attended the show in 2021 were almost half the size of the audience for the previously under-viewed edition of the Grammys in 2006, when 17 million viewers …

4) YouTube’s TikTok rival Shorts arrives in the US

YouTube is expanding the beta of its TikTok rival Shorts to the US.

According to YouTube, shorts will gradually be rolled out to the US over the next few weeks.

At launch, Shorts beta users will have access to millions of songs from over 250 label and publisher partners, including labels and publishers from Universal Music Group, Sony Music Entertainment and Publishing, Warner Music Group and Warner Chappell Music, Believe, Merlin , 300 Entertainment, Cobalt, Beggar, CD Baby, Empire, Peer, Reservoir, OneRPM and others.

YouTube launched an early beta of Shorts in India in September with a handful of features aimed at “creators and artists who want to record short, catchy videos using just their cell phones.”

5) UNIVERSAL AND MUSIC STREAMING SERVICE BOOMPLAY EXTEND LICENSE TO 47 COUNTRIES IN AFRICA

The African music streaming service Boomplay and the Universal Music Group (UMG) have signed an extended contract that will expand the licensing of UMG’s global music catalog from 7 to 47 countries on the African continent.

The new markets include important areas such as South Africa, Ethiopia, Côte d’Ivoire, Cameroon and Senegal. The UMG catalog is now also available in French-speaking areas for the first time.

In 2018, UMG became the first major global music company to license music for the service, which now has 50 million monthly active users.

The Boomplay catalog currently has more than 50 million titles and claims to offer the world’s largest repertoire of local African content.

Welcome to Music Business Worldwide’s weekly recap we make sure you got the top five stories of the past seven days in our headlines. MBW Roundup is backed by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their tour costs.

Music business worldwide

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