Organizer | Liying Editor | Fan Zhihui
6.06-06.12
Big company
Chief Keef cooperated with RBC Records/BMG to launch a new label 43B
· On June 6, American rapper Chief Keef cooperated with record company RBC Records/BMG to launch a new label 43B [Forget Everyone], and announced his first artist signing - Atlanta rapper Lil Gnar.
Since 2014, Chief Keef has released several albums through RBC Records, including Sorry 4 The Weight, Thot Breaker and Mansion Music.
43B [Forget Everyone] can provide distribution and marketing services to musicians and producers, as well as resources, guidance and infrastructure required for industry development. The label will be helmed by Chief Keef’s long-time broker Idris Dykes, who serves as co-CEO.
Universal Music launches Virgin Music Label Artist Services
· On June 7, Universal Music Group (UMG) launched Virgin Music Label Artist Services, a label and artist service department in Africa. The department will focus on supporting the new generation of independent musicians, labels, internet celebrities, music companies, etc. in the region.
New division serves over 15,000 songs from over 50 labels in 25 countries after its launch in Africa, including: Kesi Publishing (Panaf), Blue Diamond (Benin), Hope Music Groupe (CMR), Hitlab (Panaf) Hiquest (SNG), Yaye Boye (Fr).
UMG claims that the department “will combine support for African independent musicians and record labels to release old and nearly out of print African music for the first time digitally.”
TuneCore adjusts its pricing structure and launches an unlimited distribution plan
· On June 7, TuneCore, a DIY music publisher under Believe, has reformed its pricing structure for independent musicians and will launch a new "Unlimited Release Pricing Plans".
This is the first time in 16 years since TuneCore has allowed musicians and record labels to release unlimited amounts of music to services such as Spotify and Apple Music every year at a single pack of money, making it closer to competitors such as DistroKid in pricing structure.
TuneCore's new unlimited issuance pricing services cover four different annual package services, including the "New Artist" plan, the "Rising Artist" plan, the "Breakout Artist" plan, and the "Professional" plan.
Tencent Music officially announced the renewal of in-depth strategic cooperation with SM Entertainment
· On June 7, Tencent Music Entertainment Group (TME) and South Korea SM Entertainment (SM Entertainment) jointly announced that the copyright license strategic cooperation agreement will be renewed based on a long-term and continuous close partnership.
The two sides will continue to deepen their cooperative relationship in the next year. TME's QQ Music, Kugou Music, Kuwo Music, and Quanmin K Song will be the only first 30-day music platform in China, and are excellent music works by popular singers such as An Qixuan, BoA, Dongfang Shenqi, SUPER JUNIOR, Girls' Generation, EXO, NCT, aespa, etc.
Spotify expects to reach 1 billion users in 2030
· On June 8, Spotify held its first investor day since 2018 in New York. CEO Daniel Ek, Chief Free Value Business Officer Alex Norström, Executive Vice President/CFO Paul Vogel and others gave live speeches.
Among them, Alexander Nordstrom, chief free value-added business officer, said that in addition to music, podcasts and audiobooks, Spotify also plans to enter new types of content in the next 10 years, which will increase its average revenue per user. He said Spotify is expected to achieve its 1 billion user target by 2030.
Daniel Ek said he "believes that Spotify will become a company that generates $100 billion in revenue per year over the next decade" and promises to earn high profit returns from its podcast and audiobook expansion. Dawn Ostroff, chief content officer of
Spotify, said the company has invested more than $1 billion in podcasts and expects podcast revenue to increase significantly this year from $215 million (€200 million) last year. She said the company is still in investment mode, but it sees podcasting as a $20 billion opportunity.
Ek expects the podcast business to be between 40% and 50%, and the audiobooks will also be more than 40%, but he does not specify how long it will take for the company to achieve this goal.
Universal Music reached an exclusive cooperation with AI-driven music application Vera
· On June 9, Universal Music Group reached an exclusive partnership with AI-driven music application Vera, the software aims to provide services to patients with dementia.
Vera was developed and launched by Music Health, a music health technology company. Through this collaboration, Vera App users will be able to access the entire Universal Music Group music library.
At present, Vera has been able to download it through the AppStore in Australia, Canada, New Zealand, the United Kingdom and the United States.
NetEase Cloud Music announced that it had officially reached a cooperation agreement with South Korea SM Entertainment Company
· On June 10, NetEase Cloud Music announced that it had officially reached a cooperation agreement with South Korea SM Entertainment Company.
NetEase Cloud Music has obtained the copyright authorization of full music under SM Entertainment, including An Qixuan, BoA, Oriental Shenqi, SUPER JUNIOR, Girls' Generation, SHINee, EXO, Red Velvet, NCT, aespa and many other well-known artists. In the future, both sides will give full play to their respective advantages and provide more high-quality music content to Chinese music lovers.
Siba Media transforms into interactive social meta universe, reorganizes and renames Meita Holdings
· On June 10, Shanghai Siba Culture Media Group officially announced the reorganization of its core business and corporate structure, and its holding company will be renamed Meita Holdings (META48 Holdings Ltd.). The core business of
Group will transform into an immersive interactive social metaverse for the WEB3.0 and XR Internet era - Meita Metal Universe. Under the consensus of idol cultivation, it will create and build an open metaverse world with users, providing a growth platform for real idols, digital virtual idols and idol groups with a growth platform that integrates virtual and real, so that it can further develop into a comprehensive metaverse immersive interactive social platform including entertainment, fashion, life and consumption.
At the same time, the group's original business segments will continue to achieve the integration of the three major sectors, and form diversified supporting facilities and two-way embeddings with the core business of Meita Yuan Universe Fan Entertainment (SNH48 GROUP Meta Universe Youth Girl Group and Fan Private Domain Traffic Operation), Meta Universe Visual Entertainment (Creation of Entertainment Contents for Film and Television, Film and Variety Shows, etc.), and Meta Universe Brand New Consumption (Fast Consumer Products and Beauty Fashion Brands) as functional areas.
Capital Market
Songtradr announced the acquisition of AI metadata and music search company Musicube
· On June 7, B2B music license company Songtradr announced the acquisition of AI metadata and music search company Musicube.
Musicube's database is located in Hamburg, Germany. It includes more than 50 million song titles and more than 500 keywords (such as emotions, music characteristics, lyrics content, etc.), which can provide so-called "large-scale raw metadata" for music labels, copyright holders, etc. Songtradr said Musicube uses neural networks and proprietary AI technologies to help match music to content and brand target audiences.
Songtradr has a team of more than 350 people with offices in 12 countries around the world. In addition to Musicube, Songtradr's music companies include Massive Music (acquired in June 2021), Big Sync Music (acquired in February 2019) and Song Zu (acquired in March 2021).
IndieFlow announced a $4 million investment
· On June 7, music technology startup IndieFlow announced a $4 million investment, which is known as the "operating system for independent music creators."
This round of financing was led by State of Mind Ventures, followed by Oryzn Capital, Or Perry (co-founder of StreamElements), 5 Eyes Venture, TechStars and Moshe Gaon.
IndieFlow was founded in 2020 and is committed to an integrated operating system in the music industry, claiming that "thousands of musicians" have registered to use its platform.
IndieFlow claims to be "the musician's Shopify", which "focuses all the business aspects that musicians need to deal with" and covers features such as distribution to streaming platforms, payment and royalty summaries, data tracking, scheduling, promotion, project management, venue reservations and teamwork.
Anotherblock completed a new round of financing of US$2.5 million
· On June 8, anotherblock of Web3 music platform announced that it had completed a new round of financing of US$2.5 million.
This round of financing was led by Nordic venture capital firm Inventure, followed by Centrifuge.io founder Maex Ament, Dune.xyz's Fredrik Haga and blockchain research and investment firm StableNode. In addition, a group of producers and artists including Grammy Award-winning producer Danny Boy Styles also participated in this round of financing, as well as copyright holders and record labels participating in the previous round of financing.
Anotherblock was founded in 2021 and is a web3 platform that allows fans to invest in music by purchasing NFTs, aiming to make "investing on music easier and easier". The company plans to offer its first NFT later this year by connecting music copyrights to NFTs to create a smooth and secure way to trade music copyrights.
Songistry raises $5 million to raise
· On June 9, Songistry, a Los Angeles AI music technology company, has raised $5 million, and the company is currently valued at $20 million.
The company mainly provides television/movie, advertising and gaming licenses for music creators, claiming that its "workflow allows licensees to accurately identify music using proprietary AI". Songistry said it currently owns over 100,000 licensed copyrights.
Songistry said that the financing will further advance its growth strategy and hope to "become one of the leading forces in the music synchronous licensing industry."
Data control
The box office of the performance market in 2021 increased by 83.11% year-on-year, and the proportion of concert box office decreased by 7%
On June 6, Lighthouse Professional Edition released the "2021 China Performance Industry Data Insight Report" (hereinafter referred to as the "Report"), showing that the national performance market rebounded in 2021, with box office increasing by 83.11% year-on-year. The average box office in 2021 was 74,000 yuan per game, a decrease from 115,000 yuan per game in 2019.
The report pointed out that professional theater performances have become the main force in the market rebound. Judging from the box office revenue data of sub-category categories, indoor professional theater performances such as drama and opera have recovered well in 2021, and the children's drama category even increased by 5% compared with 2019. Affected by the epidemic, concerts and music festivals have suffered heavy losses, and the box office share has shrunk from 21% in 2019 to 14% in 2021.
In the overall performance market, first-tier cities firmly occupy the first place with a box office revenue of 58%, especially in the professional theater performance category. With the development of various tier cities and the changes in the performance market style, the box office of second- and third-tier cities in sub-categories such as concerts and music festivals has exceeded that of first-tier cities.
Looking at the national performance market, the top five cities with overall performance revenue are Shanghai, Beijing, Suzhou, Guangzhou and Hangzhou. Among the top five cities, the market demand in Beijing, Shanghai and Suzhou shows a relatively obvious consumption preference. Shanghai is in the leading position in music festivals, livehouses and theater categories, while Suzhou has become the newest "ticket house" city for concerts.
Artist dynamics
Primary Wave acquires all copyrights of the rock band Strokes lead singer Julian Casablancas
· On June 6, the music copyright agency Primary Wave Music acquired all copyrights of the rock band Strokes lead singer Julian Casablancas.
It is said to be a "million-dollar deal" and the company said it would acquire "the copyright share of music lyrics and music for all works, as well as the copyright share of master recordings."
This deal includes some of Julian Casablancas' most popular songs, including "Last Night", "Reptilia", "Someda", and "Hard to Explain".
Zara Larsson repurchased the recording copyright and established her own brand
· On June 6, Swedish pop star Zara Larsson repurchased the entire recording copyright.
According to a statement, the artist reached a so-called "unique agreement" with TEN Music Group CEO Ola Håkansson, and now "controls her entire recording copyright". Larsson signed with the Swedish Independent Music Company in 2011, and her library has been played more than 9 billion times.
At the same time, she also announced that she would launch her own brand Sommer House. The label will be licensed through Epic USA and will be run by Sony Music Swedish company for all the upcoming new song releases of Zara Larsson.
Live Entertainment
· On June 6, the official lineup of Galaxy Ark Online Music Festival: Chen Li, Man Shuke, Yu Jiayun, Ku Mu Fengchun, Captain, Shen Yicheng, DP Dragon Pig, Deng Dian Music Festival will be broadcast on Douyin from June 11 to 12.
· On June 9, Wang Jiaer officially announced that he would be the opening guest to attend the 2022 Bangkok Century Cup Liverpool vs. Manchester United in Bangkok, Thailand on July 12 this year, bringing an opening show.
· On June 10, Hainan Strawberry Music Festival officially announced that the music festival will be held in the Wanning Sun Moon Bay Scenic Area in Hainan from July 2 to 3, and the specific lineup is to be announced.
Recommended this week
· On June 6, Mao Buyi released the new single "The Farest Place", which was written by Yao Ruolong and composed by Chen Xiaoxia, and released by Galaxy Ark.
· On June 6, Jin Zhiwen released his new single "My Favorite Person", which was written and composed by Jin Tian Perter King and released by Warner Records.
· On June 6, Da Zhangwei released his new single "Towards the Heart", which was written and composed by Da Zhangwei and was independently released.
· On June 9, Xue Zhiqian and Zhang Liangying collaborated to release the new single "Ka", which was written and composed by Xue Zhiqian and released by Chaoshi Music.
· On June 9, Kafe.Hu released a total of 11 songs on the new album "46A", released by Modern Sky.
· On June 9, Halsey released the new single "So Good", written and composed by Ashley Frangipane, Sarah Aarons, Sammy Witte, and released by Capitol Records.
· On June 10, Yu Gengyin released the new EP "Dream Primrose", with 3 songs in total, released by Hangzhou Lexin Culture.
· On June 10, Sun Shengxi and KIRE released the new single "jagi", which was written and composed by Sun Shengxi and KIRE and released by Rolling Stone Records.
· On June 10, BTS (BTS) released a new album "Proof", with a total of 35 songs released by BIGHIT MUSIC.
· On June 10, The Chainsmokers and Ship Wrek jointly released the new single "The Fall". The single was written and composed by Alex Pall, Andrew Taggart, Ian Kirkpatrick, Tillis Churchill III, Collin Maguire, and Emily Warren, and released by Sony Music.
· On June 10, Hard Candy Girl 303 released the new single "See Me". The single was written by Fan Fan, Hard Candy Girl 303 Zheng Naixin, Josefin Glenmark, Peg Parnevik, Michael Fatkin, and composed by Josefin Glenmark, Peg Parnevik, Michael Fatkin, and released by Tencent.
· On June 10, XXXTENTACION released its new album "LOOK AT ME: THE AlBUM.", with a total of 25 albums, released by Sony Music.
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