Welcome Music business worldwideour weekly roundup – where we make sure you've caught the five biggest stories we've covered over the past seven days. The compilation of MBW was supported by Centtriphelping more than 500 of the world's best-selling artists maximize income and reduce touring costs.
This week brought more evidence (if any were needed) that the race for the world's most valuable music copyright is far from over.
We have learned that Advanced groupa famous film and television music rights buyer, completed a Refinanced $500 million in debt that will give them dry powder for a while The pipeline is worth $1.5 billion about potential music licensing investments.
When the acquisition was announced Cloud music 9Amsterdam-based dance music company Fleet mentioned that it was keeping an eye on 500 million USD invested in music within the next five years.
But the biggest news in this area comes from Harmony. This week it was revealed that the California-based music company is working on one Cash bid $1.4 billion for UK assets Hipgnosis Song Foundation.
In other news, K-pop giant HYBE announced Ultrasonic conversiona new tool from Supertone, the company it acquired to 32 million USD in 2022. Currently in beta testing, Supertone Shift enables artists Change their singing voice in real time.
Final NMPA hit Spotify this week about a change in how streaming services pay mechanical royalties in the United States. Spotify is currently reviewing it Paid subscription Okay “bunch of,” because they include audiobooks. This significantly reduces the mechanical royalties that Spotify pays to songwriters and publishers in the United States.
Advanced group completed one Refinanced $500 million in debt with a consortium of four US-based banks Third fifth bank and Toronto-based private investment firm, Northleaf Capital Partners.
According to an announcement from UK-based Cutting Edge on April 15, the new funds will be used for a combination of “corporate purposes” and the acquisition of music rights across film spaces. , television, theater, gaming and healthcare.
Cutting Edge said it has identified “approx The pipeline is worth $1.5 billion” of potential investments. Those deals “could be further funded by attracting third-party investors,” the Financial Times reported.
Founded in 2006, London-based Cutting Edge has been a prominent film and TV music rights company over the past few years…
supersonicas longtime MBW readers will know, is the Korean music giant's AI voice transcription software HYBE get completely in one 32 million USD agreement in 2022.
In late February, Supertone's AI capabilities were demonstrated through a voice clone of HYBE's CEO himself, Jiwon Park'speaking' during the company's earnings call.
On April 16, Supertone launched the beta version of a new tool called 'Ultrasonic conversion'.
The tool is described as a “one-of-a-kind real-time voice changer” that HYBE claims will “empower creators with new possibilities for expression and content creation.”
Picture the scene: an artist singing live on stage, through various AI-powered voices, all converted in real time…
headquartered in Amsterdam Armada Music – the Armin Van Buuren co-founded label behind dance/techno legends such as Chicane And Corsten Ferry – announced last year its launch BEAT Music Foundationis described as the first dance music investment fund.
At the time, Armada said it had a spending plan 100 million USD on portfolio acquisitions in the first two years; The company now says it is planning to 500 million USD investment in the next 5 years.
Its latest acquisition is a label and publisher based in the Netherlands Cloud music 9The publishing division will merge with Armada's existing publishing company, Armada Publishing BV, under the new name Armada music publisher.
In fact, Cloud 9 employees will join the team triple the number of employees of Armada's publishing arm…
In 2022, Copyright Board (CRB) has approved a (near) music industry-wide agreement to improve songwriters' streaming royalty rates in the United States from January 1, 2023.
Settlements – called 'Recorder IV' or 'CRB IV' – will see songwriters and music publishers pay a headline price of 15.35% revenue of a given interactive streaming service in the United States in 2027.
Currently, Spotify has confirmed that there has been a major change in the way machinery royalties are paid in the United States, as they now consider it Reward plans to become 'bunch of' – because they combine audiobooks and music.
Treating Premium (which includes Individual, Duo and Family) as a package rather than a standalone subscription will impact how the company pays mechanical royalties to songwriters and publishers in the US.
In summary: The rate currently paid for Spotify Premium plans is lower than headline rate for the stand-alone subscription package agreed with the publishers as part of the CRB IV proceedings.
The move sparked outrage from the US-based company. National Music Publishers Association…
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