Organizer | Liying Editor | Fan Zhihui
05.09-05.15
major companies
Music distribution service provider DistroKid is testing video distribution service
· On May 9th, music distribution service provider DistroKid is testing video distribution service DistroVid.
Musicians distribute their music videos to Apple Musictml6, Amazon Music, Tidal and Vevo and other platforms, with unlimited releases and 100% of their revenue retained.
It is reported that the fee for each musician account is US$129 per year, and you can enjoy a 50% discount for every additional artist.
Warner Music’s division WMX held its first NewFronts brand event
· On May 9, Warner Music Group’s media and creative content department WMX held its first NewFronts brand debut event in New York, allowing advertisers to experience WMX’s content and publish their brands in person.
This press conference, in addition to documentaries and original programs from WMG media brands, also includes "thousands of music videos and live concerts" from Warner Music global musicians.
WMX was launched at the end of 2021. It includes youth culture and music information platform UPROXX, live music discovery platform Songkick, hip-hop media brand HipHopDX and cover music community Cover Nation. Currently, the WMX platform has more than 250 million visitors per month, generating more than 56 billion high-quality video views per month.
WMX has also announced a series of original shows that will be launched later this year in the businesses it owns and operates. Among them, it includes the sneaker culture show Fresh Pair with Katty Customs, the eight-episode visual podcast Iconic Records, the music and streetwear series Limited, and the podcast and video series People's Party and Talib Kweli.
Three Six Zero signed a cooperation agreement with New York talent company Frontline
· On May 9, the brokerage company Three Six Zero signed a cooperation agreement with New York talent company Frontline Entertainment. Craig Dorfman, head of
Frontline Entertainment, will bring his clients and management teams to Three Six Zero and serve as a partner in the company.
Frontline Entertainment was founded in 2000 and its artists include Joshua Malina, Lorraine Toussaint, Patricia Richardson, Alice Barrett Mitchell, Joe Pingue, Sarah Power and musician, actor and writer Sam Harris.
Multimedia Music acquires copyright of 48 movie music library
· On May 9, British film and television music copyright management company Multimedia Music purchased the copyright of 48 movie music library from Atlantic Screen Music at a seven-digit price.
This library includes the movies "Double Guns", "Lone Survivor", "Host", "Cicada Escape", and "Broken City", which includes works by composers Max Richter, Lorne Balfe, John Paesano, John Debney and others.
At the same time, this is also the first copyright transaction after Multimedia Music completed a US$100 million financing in February this year.
Reservoir Media and PopArabia acquire Egyptian record company 100COPIES
· On May 10, New York independent music company Reservoir Media reached two new agreements in Egypt with lyrics and music copyright owners and independent music company PopArabia, located in the Middle East and North Africa , and independent music company PopArabia.
Reservoir and PopArabia have acquired Egyptian record company 100COPIES and have also established a joint venture with the company to sign contracts and cultivate Egyptian talents. In addition, the two sides signed a global lyrics and music copyright agreement with Egyptian rapper Mohamed Ramadan, including all songs in his library and songs written in the future.
Apple announced that the iPod product line has officially stopped updating
· On May 10, Apple officially announced that the iPod product line has officially stopped updating, and the existing iPod products will be sold out. There will be no new products related to this product line in the future.
According to venture capital firm Loup Ventures, about 450 million iPods have been sold since its launch in October 2001.
in terms of revenue contribution rate , data shows that in 2006, iPod's revenue contribution rate to Apple's once reached an astonishing 40%, and then turned to a decline, falling to only 1% in 2014.
Amazon Music launched in Argentina
· On May 11, Amazon Music launched in Argentina and is continuing to expand into Latin America.
Currently, Amazon Music Unlimited, a full music subscription service that Argentine users can purchase, has unlimited access to Amazon Music’s HD and ultra-high-definition music library covering 90 million tracks; at the same time, users can also access ad-supported playlists and radio stations for free.
Amazon says that all users can watch podcast programs for free no matter which streaming subscription service they choose. After the free trial period, Amazon Music Unlimited’s Individual Plan costs A$279 per month (about $2.38), and the Family Plan allows six members of the same family to use it together for A$489 per month (about $4.18).
Universal Music launched a virtual world and NFT collection for its NFT band KINGSHIP
· On May 11, Universal Music's Web3 label 10:22PM launched a virtual world for its boring ape NFT band KINGSHIP.
According to media statements, 10:22PM will also issue 10,000 "key cards that support access" in the form of NFTs. Buyers can access the virtual world to get the experience of music, products and tokens. The release started on May 14, and during the early “whitelist” access, these NFTs were priced at 0.19 Ethereum, which is approximately $456.
And after May 16, the price spent by Volkswagen will rise to 0.3 Ethereum, which is about US$720. If all NFTs are sold at 10:22PM, even at a lower price of $456, it will be equivalent to at least $4.5 million in revenue to the label.
NetEase Cloud Music officially launched Hi-Res sound quality
· On May 12, NetEase Cloud Music officially launched Hi-Res sound quality.
This means that millions of high-quality songs in NetEase Cloud Music will have higher sound quality than before. Starting today, the red "Hi-Res" logo will appear under the names of these songs, and vinyl VIP users can already enjoy richer and deeper musical details in these songs.
In order to match such high-quality music, NetEase Cloud Music has also launched the Hi-Res section simultaneously, which includes Hi-Res selected songs for each style, Hi-Res selected playlist, and Hi-Res albums that support seamless playback and other content recommendations. Users can enter the special area by searching for keywords such as "Hi-Res", "hires", etc. to enjoy the highest quality selected music content.
Sonos launches voice assistant "Voice Control"
· On May 12, Sonos launched voice assistant "Voice Control", where users can use their own voice to control Sonos smart speakers.
Starting from June 1, Sonos users in the United States will be able to wake up their devices through "Hey Sonos". The service will be launched in France later this year and will be launched in other markets including the UK.
Sonos said that its Voice Control system will "not damage user privacy" and claimed that "no one will send, store, listen or read audio or text records to the cloud."
Data Control
Tencent Music Data Research Institute launches the "2021 Chinese Digital Music Annual White Paper"
· On May 10, Tencent Music Data Research Institute, a subsidiary of Tencent Music Entertainment Group (TME), launched the "2021 Chinese Digital Music Annual White Paper" (hereinafter referred to as the "White Paper").
data shows that in 2021, the total number of new songs reached 1.145 million, an increase of 53.1% year-on-year compared with 2020, which is equivalent to an average of 27 seconds in 2021. In addition, the new songs have also successfully seized more "attention" from users. In 2021, the number of Chinese new songs played by increased by 9.3% year-on-year, and the share expanded to 24.3%. In 2021, the number of new singers increased by 41.2% year-on-year, and the number of songwriters participating in the creation of new songs also exceeded 100,000.
According to statistics from the White Paper, the number of new and old songs in the five major genres of rap , RB, electronics, rock , and folk songs played by more than one million in 2021 increased by 4.5% year-on-year compared with 2020, among which rap and electronics increased significantly.In addition to genres, the popularity of music consumption in circles such as Chinese culture and international trends has also continued to increase. Among them, the Chinese cultural circle represented by Chinese style songs has grown rapidly, an increase of 26.2% compared with the market in 2020. Editor-in-chief
said: Get the full report and reply to the "2021 White Paper".
Sony Music 's total revenue in the first quarter reached US$1.988 billion, a year-on-year increase of 13.5%
· On May 10, Sony Group announced its first quarter financial report ended in March 2022 (the financial year was the fourth quarter).
financial report shows that Sony Music's global music business (including recording music and lyrics and music copyright) revenue totaled US$1.988 billion, a year-on-year increase of 13.5%, an increase of approximately US$237 million.
Specifically, Sony Music's recording music business revenue was US$1.523 billion, a year-on-year increase of 1.34, an increase of about US$180 million; of which streaming revenue reached US$1.038 billion, a year-on-year increase of 20.2%.
At the same time, the revenue of Sony music lyrics and music copyright management business reached US$465 million, a year-on-year increase of 14.0%; of which streaming revenue reached US$238.1 million, a year-on-year increase of 24.5%.
Warner Music's total revenue in the first quarter reached US$1.376 billion, a year-on-year increase of 13.2%
· On May 10, Warner Music Group released its first quarter financial report for 2022 (the financial report year is the second quarter).
financial report shows that Warner Music Group's total revenue in the first quarter reached US$1.376 billion, a year-on-year increase of 13.2%.
recorded music revenue reached US$1.147 billion, a year-on-year increase of 11.4% at a fixed exchange rate. Among them, streaming revenue reached US$776 million, a year-on-year increase of 9.9%; physical record revenue was US$122 million, a year-on-year increase of 8.0%, mainly due to the increase in vinyl demand.
Warner Chappell Music, a copyright management company for lyrics and music, reached US$230 million in the first quarter, a year-on-year increase of 23.0%; among which, streaming revenue increased by 23.2% year-on-year.
In the first quarter of 2022, Warner Music's operating income was US$166 million, compared with US$151 million in the same period last year. OIBDA (operating income before depreciation and amortization) was US$255 million, an increase from US$228 million in the same period last year, with OIBDA margin rising 0.3% to 18.5% from 18.2% in the same period last year.
YouTube's first quarter advertising revenue reached US$6.87 billion
· On May 12, YouTube's parent company Alphabet released its first quarter financial report for 2022, including YouTube's advertising business revenue.
In the first quarter of 2022, YouTube advertising revenue reached US$6.87 billion, a year-on-year increase of 14%. In the first quarter of 2021, YouTube generated US$6.005 billion in advertising revenue, a year-on-year increase of 49%, which means that YouTube's advertising revenue growth has slowed significantly year-on-year.
Last month, Spotify disclosed in its first quarter results that Spotify total revenue was 2.661 billion euros ($2.98 billion) in the quarter, including paid subscription revenue and advertising revenue, a year-on-year increase of 19%.
That is, YouTube's advertising revenue is more than double the revenue of all business revenues in the first quarter.
Capital Dynamics
Shutterstock acquires multimedia trading platform Pond5
· On May 11, New York creative platform Shutterstock completed the acquisition of Pond5, the world's largest multimedia material trading platform, which provides duty-free version of photos, illustrations, music, sound effects, AE templates, 3D modes, videos and other resources. The acquisition price is US$210 million.
Pond5's customers include Netflix, Disney , NBC, BBC, Discovery Channel and " Wall Street Journal ", etc. After the acquisition is completed, Shutterstock will obtain a Pond5 1.6 million royalty-free music library and a 1.7 million sound material library.
Pond5 was founded in 2006 and its operating network consists of more than 115,000 active contributors in 180 countries, uploading more than 2.5 million assets per month.
Shutterstock claims its acquisition of Pond5 cements its position as a "quality destination for the global client community to gain unique access to editing content, video clips and music."
Artist dynamics
Bad Bunny New album Spotify has 183 million views per day
· On May 9, according to Spotify, Bad Bunny has become the musician with the most streaming media in the world for the second consecutive year.
On May 6, Bad Bunny became the artist with the highest number of views per day on the Spotify platform, with up to 183 million views in 24 hours. Previously, this record was previously held by Drake (176.8 million times).
At the same time, Bad Bunny's fifth studio album "Un Verano Sin Ti" released on May 6 has also become the most viewed album on the platform in 2022 so far. On the day of the release of
, all 23 songs from "Un Verano Sin Ti" entered the top 30 of Spotify's daily popular songs global rankings, and 9 of them even entered the top 10 of this rankings.
Primary Wave acquires Bob Dylan in the band The Traveling Wilburys copyright share
· On May 11, music copyright owner Primary Wave acquires Bob Dylan's copyright share in the super band The Traveling Wilburys.
The Traveling Wilburys band members also include The Beatles member George Harrison, pop star Roy Orbison, Folk Rock master Tom Petty, and ELO’s core character Jeff Lynne.
This band was active from 1988 to 1990. During the band's short career, they only released two official albums "The Traveling Wilburys Vol.1" and "The Traveling Wilburys Vol.3". In October 1988, the band released the album "The Traveling Wilburys Vol.1", which was nominated for the Grammy album of the year and won the "Best Rock Performance Award".
Warner Music and BMG compete to acquire Pink Floyd recording copyright
·On May 11, according to Bloomberg, Pink Floyd is considering selling the recording copyright in his hands, and its agent is contacting potential acquirers in the music industry. If the sale is successful, the transaction amount will reach at least nine digits.
Current information shows that Pink Floyd has greater control over their music library than other well-known musicians still sign locked licensing agreements with record companies. Warner Music acquired Parlophone Label Group from Universal for £487 million in 2013, thus gaining control over some of the recording rights of Pink Floyd.
May 13th news, according to the Financial Times, Warner Music Group and KKR-backed BMG are the main buyers of the competition for Pink Floyd recording copyright, and the bids of both parties are flying over the $500 million mark.
In 2020, Bob Dylan sold the copyright of lyrics and music to Universal for over $300 million, and last year it sold the copyright of recording to Sony Music/Columbia, which cost about $150 million. At the end of 2021, Bruce Springsteen sold the copyright of the lyrics and recordings of his music library to Sony Music for about $550 million.
Sony Music Copyright Company acquires some of the lyrics and music copyrights of Ashley Gorley
· On May 12, Sony Music Copyright Company has reached a cooperation with Domain Capital Group to acquire the lyrics and music library of well-known songwriter Ashley Gorley.
Ashley Gorley has always been the most popular author in the field of country music . This agreement also covers lyrics and music cooperation in future works.
In 2018, Gorley sold 50% of the copyrighted lyrics and music shares to New York music copyright company Round Hill Music. According to reports, Sony Music and Domain have the remaining 50% copyright share, and the price of the transaction is estimated to be US$40 million.
The Chainsmokers and Royal release new album NFT products for free
· On May 12, The Chainsmokers cooperated with Royal, an NFT platform jointly founded by electronic producer 3LAU (Justin Blau). Its new album will be released as 5,000 NFTs or wired digital assets (LDAs), and will share 1% of the album streaming royalties with fans for free, equivalent to 0.0002% ownership of each token.
The two said they would not draw a certain percentage from the secondary sales of NFTs, but instead chose to assign it to songwriters on the album. That is, 7.5% of the proceeds obtained from the secondary sales are delivered to other songwriters.The new
album will be released on May 13, and NFT will be released on May 17.
Miriam Yeung joins Warner Music
· On May 14, Warner Music announced the joining of singer Miriam Yeung.
Miria Yeung was born on February 3, 1974 in Hong Kong, China, and her ancestral home is Shantou, Guangdong. In 1995, she participated in the 14th TVB "Rookie Singing Competition" and won the third place, so she entered the music industry.
Music variety show
· On May 13, Hunan Satellite TV "Spring Flowers Bloom" Gong Shuang's team won the final victory in this game, and all the players advanced, and Zhang Qunhang's team Zhou Yichen and Liu Wenjun were eliminated regretfully.
· On May 14, Zhejiang Satellite TV " The Voice of Heaven " This issue of Hu Yanbin and Zhoushen 's co-working work "Thieves" won the third phase "Glory Golden Song".
Recommended this week
· On May 9, Meng Jia released the new single "No Thanks", the single was written and composed by Zhang Yanqi , Vincent Patrick, Zachary Alexander, Montana Wayne Best, and released by Hypersonic.
· On May 10, INTO-1 Liu Yu released the "Chinese Golden Song: 10 20 30" II of TME's special project "Return to the stage". The single was written by Tiantian and composed by Jay Chou , and was released by the producer.
· On May 10, Lil Ghost 5小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小小
· On May 11, OB03 released the new single "Cupid Love Letter Freestyle", the single was written and composed by OBi Lin Sheng, and was released by Modern Sky .
· On May 12, Post Malone and Roddy Ricch jointly released the new single "Cooped Up". The single was written and composed by Louis Bell, Austin Post, Rodrick Wayne Moore, Jr., and Billy Walsh, and was independently released.
· On May 13, The Chansmokers released a new album "So Far So Good", with a total of 13 albums, released by Sony Music.
· On May 13, Kendrick Lamar released its new album "Mr.Morale The Big Steppers", with a total of 18 albums, released by Black Panther (TDE/DMG) PS. wenrou
· On May 13, Mitsuki Hitoshi released the theme song "M87" of the movie "New Ultraman". The single was written and composed by Mitsuki Hitoshi and released by Sony Music Labels Inc. 2022.
· On May 13, Zhou Xingzhe released its new single "14 Days". The single was written and composed by Zhou Xingzhe and released by Sony Music.
· On May 13, Linkin Park released its new album "Minutes to Midnight", with a total of 16 albums and was released by Warner Music.
· On May 13, Huang Xiaoyun and Wang Heye collaborated to release the new single "Madam Butterfly". The single was written by Li Haorui, Zhao Dabai, and Liu Tao Liu Tao , composed by Liu Tao, Li Haorui and Lin Chenyang, and released with joy without waste.
· On May 14, mosaic band released the new single "Need Somebody To Love". The single was written by Xia Ying , composed by Xia Ying and Excellent, and released by Modern Sky.
· On May 15, W8VES Adava released its new single "Model Rap", which was written and composed by W8VES Adava and released by W8VES.
· On May 15, Xie Tianxiao released its new album "Rock and Symphony", with a total of 20 albums, released by Boshan Entertainment.
· On May 15, MC HotDog HotDog released its new single "They are not Rappers at all". The single was written by MC HotDog HotDog, composed by MC HotDog, Tipsy Kao of Gao Yangchen, and released StreetVoice, and the music of the original character.
