Welcome to Music Business WorldwideWeekly reviews – where we make sure you catch the top five topics that will get to our heads in the last seven days. The MBW cycle is supported by Centtrip, which enables more than 500 top sales professionals around the world to earn more money and reduce travel costs.
Anyone who has followed MBW’s history of global business in the last 12 months has noticed something:
Almost a week goes by without any compelling news of a major music business, or a new, deeper player entering the realm of music freedom.
This week brought the news of both.
Today (January 14), we have learned that the great financial giant Pimco has made an agreement with BMG buying together copies of music, and the need for the company involved in the dispute is paramount.
That’s why Pimco has property history a total of $ 2.21 TRILLION, more than the financial giants KKR (about $ 234 billion)Apollo Global Management (about $ 455 billion) and Blackstone (round $ 649 billion) including.
We also learned this week to be acquisitive Primary Wave Music Publishing has spent $ 60 million on the books of Paul Rodgers, and Gerry Beckley and Dewey Bunnell of America.
According to Wall Street Journal, All of these agreements, valued at $ 20 million and $ 40 million respectively, took place at the end of 2021 – a year that MBW estimates, as reported Monday (January 10), that at least $ 5 billion was spent on music rights.
Also, according to WSJ, Primary Wave, which alone has more than $ 1 billion to fund music rights, “plans to spend $ 500 million to $ 600 million” this year.
Somewhere this week, Warner Music Group found a prominent African Africori publisher, where Universal Music Group Chairman and CEO Sir Lucian Grainge sent a memo to UMG staff to celebrate the new year.
This is what happened in the last seven days…
The free music market burned in 2021.
MBW’s comparison – based on fixed prices and information from companies – that at least $ 5.05 billion was spent on guiding and acquiring music rights for 60 acts plus the huge amount we reported last year.
This figure includes sales of catalogs sold by artists and songwriters, as well as music video sales (including those with licensed / active printers) and companies from other companies …
Late last year, MBW released an obscure title: Here Come The Giants.
It was reported that three of the most influential people in the industry – Blackstone, Apollo Global Management, and KKR – were planning to raise billions of dollars in music rights.
Today (January 14), we learn that another long name from the financial world – Pimco – is once again embroiled in controversy.
The Financial Times reported that Pimco had entered into an agreement with BMG to secure music rights ….
Warner Music Group (WMG) has made significant investments in Africori, a leading African music distribution company, music rights management and professional production company.
With offices in Johannesburg, London and Lagos, Africori currently serves 7,000 artists and 850 clients and by 2021, its artists have released hundreds of millions of audio and billions of audio files. YouTube ideas. The company also said it had recorded economic growth on all major DSPs.
WMG says Africori will continue to operate as an independent company, with the current CEO, Yoel Kenan, remaining in office….
Primary Wave Music recently acquired two new shares of $ 60 million.
First of all, the company has spent $ 20 million on Paul Rodgers’ free music release fund for Free and Bad Company, as well as his recording skills for both groups.
For the second time, Primary Wave has acquired the rights of Gerry Beckley and Dewey Bunnell in the American music list, for $ 40 million.
The cost of the acquisition was all reported by the Wall Street Journal, which, citing people close to the business, said it all happened in 2021.
The WSJ also reported that the Primary Wave, with more than $ 1 billion to fund music rights, “plans to spend $ 500 million to $ 600 million” this year ….
Universal Music Group chairman and CEO Sir Lucian Grainge sent a variety of messages to employees at his company this week to celebrate the new year.
In the letters, which MBW received, Grainge thanked and commended UMG’s global staff for their “commitment and commitment” in 2021, as well as the company’s performance last year despite the difficulties caused by the epidemic.
In fact, Grainge writes that, in the UMG business, 2021 was “in one word, amazing”… (MBW)
MBW’s MBW’s Weekly Round-Up is supported by Centtrip, which enables more than 500 best-selling professionals around the world to increase their revenue and reduce travel costs.Music Business Worldwide
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