From songwriters’ streaming royalty rate win to Deezer’s IPO… it’s MBW’s Weekly Round-Up…

Welcome to Worldwide music businessweekly recap – where we’re sure you’ve caught the top five stories that will make our headlines over the past seven days. MBW’s round-up is powered by Centtriphelping more than 500 of the world’s best-selling artists maximize their income and reduce their touring expenses.

The musician scored a big win in the US seven days ago.

Back in January 2018, the Copyright Board (CRB) ruled that the percentage of US musician/publisher royalties for on-demand streaming (and other uses) other uses) will increase from 10.5% to 15.1% in the period 2018-2022.

However, you may remember that Spotify, Amazonand Google/Alphabet subsequently launched a legal protest against the new rate.

But on July 1, CRB upheld its decision to increase the percentage of titles paid to musicians in the US to 15.1%.

Also this week, rival Spotify was born in France Deezer made its stock market debut on Euronext Paris, following a business combination with I2PO, a Special Purpose Acquisition Company (SPAC) based in France.

Deezer becomes 2022’s newest music streaming service to go public through merger with SPAC, after MENA focus on EnglishNASDAQ’s IPO in New York.

Meanwhile, Financial Times report This week, TikTok scrapped the expansion of the TikTok Shop feature to Europe and the US.

Launching in the UK in December 2021, TikTok Shop allows creators to sell products directly on TikTok through in-feed videos and live streams. Last year, in an interview with MBW, TikTok’s Global Music Director Ole Obermann discussion plans for e-commerce features for artists in its app.

MBW has reached out to TikTok to clarify whether complaints reported by FT will have any impact on TikTok’s music-related e-commerce plans outlined by Obermann.

Elsewhere, music veteran Irv Gotti sold a stake in Murder Inc’s key recordings. for Iconoclast as part of a $300 million deal, while Universal Music Group signed a licensing agreement with the African music service Mdundo.

Here’s what happened this week…

1) SONG LISTENERS, ACKNOWLEDGMENTS: SPACE CAN STREAM COMPERSERS IMPROVE 15.1% STREAM TAX RATE IN US

The story has ended.

On July 1, the Copyright Board (CRB) upheld its decision to increase the percentage of titles paid to musicians in the United States from on-demand streaming services for the period from 2018 to 2022.

To refresh your memory: In January 2018, musicians got a big win when the CRB ruled that the musician/publisher’s copyright ratio for streaming and other uses Other mechanical uses will increase significantly in the United States.

That ruling focused on increasing the percentage of total U.S. streaming services revenue that the likes of Spotify are legally required to pay musicians.

CRB decided to increase that percentage from 10.5% to 15.1% in the five years from 2018 to 2022. This is the largest rate increase in the history of CRB.

However, Spotify and other companies, including Amazon and Google/Alphabet – but NO Apple – subsequently filed a legal protest against the new rates, arguing that they were unreasonable.

Now, the CRB has made the final decision – and the 15.1% rate is going nowhere…

2) DEEZER goes public: SPOTIFY RIVAL MAKES THE DEBT STOCK MARKET ON EURONEXT PARIS

Spotify’s rival, Deezer is officially a publicly listed company.

The music streaming service made its stock market debut in its home country of France at Euronext Paris on Tuesday (July 5), following a business combination with I2PO, a Special Purpose Acquisition Company (SPAC). based in France.

The company’s public listing comes seven years after the company was pulled from the previous IPO attempt.

Deezer becomes this year’s newest music streaming service to go public through a SPAC merger, following the recent IPO of MENA-focused Anghami on NASDAQ in New York…

3) TIKTOK: MUSIC E-COMMERCE PLAN WILL NOT BE AFFECTED BY TIKTOK SHOP’s birthday

Last year, in an interview with MBW, TikTok’s Global Music Director Ole Obermann discussed plans for e-commerce features for artists in his app.

He noted that TikTok “recently ran some tests in the US, where we’ve been working with big-name artists to let them sell physical products from their TikTok accounts.”

Obermann cites artists including Lizzo and Billie Eilish as taking part in those trials, telling MBW at the time that “the numbers are huge” and adding: “It blew us away.”

An article published by the Financial Times this week raises big questions about the future of e-commerce plans for artists on the platform…

4) MUSIC VETERAN IRV GOTTI SELLING AT MURDER . CO., LTD

Veteran music producer and executive Irv Gotti (Irving Lorenzo), founder of rap label Murder Inc, has sold shares in his master records to Iconoclast, the vehicle acquired by Olivier Chastan.

The music executive announced that the deal is worth $300 million, and, according to a media release, “sees him sell a 50% equity stake in his owners, with additional capital.” for various film and television projects”.

5) POPULAR MUSIC GROUP IS LICENSED FOR BUSINESS WITH AGRICULTURAL MUSIC SERVICES MDUNDO

African music service Mdundo, listed on the Danish stock exchange (Nasdaddy’s first Northern Bull Market) in September 2020, has signed a licensing agreement with Universal Music Group (UMG).

UMG says its new agreement covers key African territories.

Mdundo reports 17 million monthly active users across Africa, meaning the service has grown by 10 million since February 2021…

MBW’s Weekly Round-Up is powered by Centtrip, helping more than 500 of the world’s best-selling artists maximize their income and reduce their touring costs.

Worldwide music business