Welcome to Music Business Worldwide’s weekly round-up – the place we be sure that you caught the 5 greatest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and scale back their touring prices.
This week, MBW reported on a brand new landmark research into France’s music business that focuses on illegitimate streaming practices.
The research, performed by France’s Centre National de Musique (CNM), thought of an unlimited set of knowledge supplied by Spotify, Deezer, and Qobuz, plus knowledge supplied by “a panel of distributors” (together with Universal, Sony, Warner, Believe and Wagram).
Music distributed by these firms, says the CNM, represented greater than 90% of the highest 10,000 most listened-to titles on Spotify, and greater than 75% of the general quantity of streams on Deezer, within the related interval.
The research concluded that no less than 1%-3% of music streams within the nation are fraudulent. In response to the report, in France, between 1 billion and 3 billion streams “no less than” had been found to be “false” in 2021.
Additionally this week, Amazon Music confirmed that it’s elevating its commonplace particular person Amazon Music Unlimited month-to-month subscription value from $9.99 to $10.99 within the US, and from £9.99 to £10.99 within the UK.
Amazon Music’s transfer adopted an identical transfer from Apple Music in This fall final 12 months, when the latter streaming platform introduced that it was upping its commonplace month-to-month subscription value from USD $9.99 to $10.99 within the US, and GBP £9.99 to £10.99 within the UK.
Elsewhere, Flo Rida was awarded $82.6 million in damages this week after taking authorized motion in opposition to US vitality drink firm Celsius for being in breach of contract over an endorsement deal signed in 2014.
Plus, Google mother or father firm Alphabet introduced 12,000 job cuts, whereas US-headquartered funding financial institution Stifel upgraded Hipgnosis Songs Fund‘s inventory to ‘Optimistic’.
Right here’s what occurred this week…
1) STREAMING FRAUD ACCOUNTS FOR AT LEAST 1-3% OF PLAYS ON SERVICES LIKE SPOTIFY AND DEEZER IN FRANCE, SHOWS INVESTIGATION
France’s Centre Nationwide de Musique (CNM) is a public physique within the nation, and operates beneath the supervision of the Ministry of Tradition and Communication.
Chances are you’ll bear in mind the CNM for its in-depth investigation into the consequences of user-centric (or ‘fan-powered’) music streaming licensing in 2021.
This week, the CNM launched the outcomes of one other landmark research into France’s music business – this time specializing in illegitimate streaming practices.
The conclusion? At the least 1%-3% of music streams within the nation are fraudulent.
i.e. They’re generated, usually through paid-for stream farms, by these “unhealthy actors” in a bid to siphon royalty cash away from reliable artists…
2) AMAZON MUSIC RAISES STANDARD MONTHLY SUBSCRIPTION PRICE FROM $9.99 TO $10.99. (SPOTIFY, SO FAR, STILL REFUSES TO DO THE SAME.)
The widespread music subscription streaming value rise that labels and music publishers have lengthy referred to as for is lastly, correctly underway.
In This fall final 12 months, Apple Music introduced that it was upping its commonplace month-to-month subscription value from USD $9.99 to $10.99 within the US, and GBP £9.99 to £10.99 within the UK. It additionally elevated the value of its Household Plan in each territories.
Now Amazon Music has made an identical transfer: The corporate has confirmed to clients that, like Apple, it’s elevating its commonplace particular person Amazon Music Limitless month-to-month subscription value from $9.99 to $10.99 within the US, and from £9.99 to £10.99 within the UK.
Amazon Music can be upping its Amazon Music Limitless Scholar Plan from $/£4.99 to $/£5.99 monthly in every respective territory.
Moreover, Amazon Music is growing equal pricing in Germany and Japan…
3) FLO RIDA WINS $82.6M IN LAWSUIT AGAINST ENERGY DRINK FIRM CELSIUS
US rapper Flo Rida has received a multi-million greenback lawsuit in opposition to US vitality drink firm, Celsius.
Within the authentic criticism, filed in opposition to the corporate in early 2021, Flo Rida and his firm Robust Arm Productions sued Celsius for alleged breach of contract, and unpaid compensation over an endorsement deal signed with the artist in 2014 and renewed in 2016.
As reported by the Legislation & Crime Community on Wednesday (January 18), a jury in Florida awarded Flo Rida (Tramar Dillard) $82.6 million in damages this week…
4) THE INVESTMENT BANK THAT’S BEEN MOST CRITICAL OF HIPGNOSIS SONGS FUND… JUST UPGRADED HIPGNOSIS SONGS FUND TO ‘POSITIVE’
It’s truthful to counsel that Hipgnosis Songs Fund (HSF), the UK-listed entity that owns tune rights (and revenue streams) price over $2 billion, has been extra harshly scrutinized by one funding financial institution than another these previous couple of years.
US-headquartered Stifel hasn’t been shy in expressing its pessimism over HSF ever for the reason that monetary agency downgraded its view of the music firm’s inventory in early 2021 – through a report which led the Monetary Occasions to surmise: “Stifel is fearful that Hipgnosis Songs Fund is slipping out of tune.”
Since then, Stifel analysts have appeared in monetary media plenty of instances to name into query, amongst different issues, HSF’s money move profile, its said valuation, and its resolution to purchase again inventory final 12 months utilizing a debt increase.
Now, although, the narrative has modified a little bit.
On Thursday (January 19), Stifel issued a report by which it waves a not-insignificant quantity of optimism in Hipgnosis Songs Fund’s course – and even encourages buyers to think about shopping for inventory within the firm.
The HSF-themed report, titled ‘Revenues present indicators of stability: Time to dip your toe’, sees Stifel improve Hipgnosis Songs Fund inventory to ‘Optimistic’…
5) GOOGLE PARENT ALPHABET TO SLASH GLOBAL WORKFORCE BY 6%, WITH 12,000 WORKERS TO BE LAID OFF
Alphabet, mother or father firm to Google, has turn out to be the newest US-based tech large to axe a considerable variety of jobs.
The corporate is chopping 12,000 roles, which equals round 6% of its international workforce.
The information was first reported by Reuters, citing a employees memo despatched by Alphabet CEO Sundar Pichai on Friday (January 20)…
MBW’s Weekly Round-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs.Music Enterprise Worldwide