RG Ingersoll's - Hotrax Music Tips for July 19 2022 - New music is shrinking in popularity in the United States

 

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Music Business Worldwide: Newsletter

It's official: New music is shrinking in popularity in the United States Some will blame a lack of blockbuster records being made during the pandemic. Some will blame a lack of emergent modern superstars. And some (hi Merck!) will blame the fact that young people – as evinced by Kate Bush's current world-beating popularity – are simply enjoying 'old' music as if it were 'new' music. But facts is facts: 'Current' music in the United States isn't just losing market share. It's actually getting statistically less popular. That's according to a new midyear report published by US market monitor Luminate (formerly MRC Data / Nielsen Music).… (MBW)

MBW Newsletter Sponsors Primary Wave: The Home of Legends. The world's leading independent publisher of iconic music CMS, CRM, Playlists, Royalty Accounting, Analytics: your music business all in one place Make Sound Intelligent.  Music. NFT. Games. MetaVerse. Realtime encode, track and report. Centtrip: The award-winning account for music payments, royalties, foreign exchange and touring expenses The complete royalty solution for labels and publishers Advancing music with the power of data HIT TOPLINES Fastest growing creator-safe music platform. Largest musical variety. Built for creators. Voly Music The Bespoke Financial Management Platform for the Music Industry Want your brand here? Contact Rebecca through this link...   Believe CEO accuses major record companies of lobbying streaming platforms to lower royalty rates for DIY artists Are the major record companies trying to pressure music streaming services to pay DIY artists lower royalty rates than those received by established superstars? According to Believe boss Denis Ladegaillerie, yes, they are. He claims that certain majors are pushing for this change because "they've been consistently losing market share for the past five years" due to the volume of releases coming out via DIY platforms... (MBW) Sony Music enters exclusive partnership with Egypt's Craft Media to 'sign Arabic superstars' Sony Music Entertainment Middle East and Egypt-based Craft Media have entered into an exclusive partnership to sign, produce and promote Arabic artists and music across the Middle East. Craft Media, a Cairo-headquartered music and event production company, was founded by prominent Arabic producer Hamdy Badr, manager of Egyptian superstar Hamaki. According to a press release, via the new partnership, SME and Craft Media aim to "sign Arabic superstars..." (MBW) African Music service Mdundo reached 20.3m Monthly Active Users last month, up 74% since June 2021 Two weeks, ago, African music service Mdundo, which listed on the Danish stock exchange (the Nasdaq First North Growth Market) in September 2020, announced a new licensing deal with Universal Music Group (UMG). At the time,  Mdundo reported to have 17 million monthly active users across Africa, which means the service had added 10 million since February 2021. Mdundo has now issued a new update to its MAU number, revealing that its service had 20.3 million monthly active users in June 2022, which was up 74% versus June 2021... (MBW)

MBW'S QUOTE OF THE DAY "Danger Mouse is not only a brilliant songwriter, but a true innovator who pushes creative boundaries and challenges listeners to think outside the box."   Sony Music Publishing Chairman & CEO Jon Platt (pictured) comments on the news that SMP has signed Grammy award-winning artist, songwriter, producer, and composer Danger Mouse (Brian Burton) to a worldwide publishing deal. Danger Mouse has achieved 24 Grammy nominations, six Grammy wins, two Golden Globe nominations and a Golden Globe win for Best Original Song... (MBW)

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Don't miss: From Paris, with love (and some astute market criticisms) The music business has been forever changed these past few years by the stock exchange. Following the likes of Spotify and Hipgnosis’ flotations, in June 2020 Warner Music Group returned to the public markets via an IPO on the NASDAQ. And, famously last year, Universal Music Group floated in Amsterdam at a whopping USD $54 billion day-one valuation. In some ways, though, the flotation on the Paris stock exchange of Believe has been the most interesting music IPO of all. That’s because the majority of Believe’s business comes from servicing independent artist and label clients around the globe (including the servicing of DIY artists via TuneCore). Here, we grill Believe’s founder, Denis Ladegaillerie on the company's global gameplan as a public company, his fresh enthusiasm for the UK market – and what he thinks the music business’s biggest problems are as we stand today… (MBW) Don't miss: HYBE strikes global content deal with Disney, including exclusive shows from BTS The Walt Disney Company Asia Pacific and Korean music giant HYBE have signed a global content deal. The agreement includes the global distribution of five major content titles from HYBE, which include two exclusive series featuring the company's flagship K-pop group, BTS... (MBW)

JOB OF THE WEEK Deacon Communications is hiring for a Publicist in London with a specific focus on event and tour PR.  The candidate must have at least 2 years' experience working in comms either in music, entertainment or the arts... [Click here to find out more]

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