ICM Crescendo Music Royalty Fund

ICM Crescendo Music Royalty Fund is proud to announce the acquisition of a catalog from Grammy Award-winning songwriter, Liz Rose. Her catalog includes co-writes on several of Taylor Swift's hits including, "All Too Well" and "You Belong with Me". Learn more here: https://lnkd.in/gKXH5EDf

🚀 *Record-Breaking Weekend for Deadpool & Wolverine and NSYNC’s “Bye Bye Bye”! 🚀 The ICM Crescendo Music Royalty Fund acquired rights to NSYNC's "Bye Bye Bye" in 2023. Last weekend, the Marvel superhero crossover "Deadpool and Wolverine" featuring Ryan Reynolds and Hugh Jackman shattered records with a staggering $205 million domestic opening. This marks the highest debut of 2024 so far and the biggest opening ever for an R-rated movie. Music and Streaming Highlights: The film's success has led to a massive streaming boost for several soundtrack hits, with *NSYNC's classic "Bye Bye Bye" leading the charge. "Bye Bye Bye" Stats: New Peak: #32 on Spotify's daily top 50 U.S. chart Increase: Record high 16.7 million streams for the period of July 26 - 30th (3.07 million streams from previous period July 18-25). The iconic track’s resurgence is fueled by its prominent feature in an action-packed opening credits scene, which has captivated fans and generated viral content across TikTok. With this incredible momentum, "Bye Bye Bye" is not only reminding us of *NSYNC’s lasting legacy but also demonstrating the powerful synergy between blockbuster films, music streaming and synchronization rights. #MusicIndustry #Streaming #Marvel #NSYNC #DeadpoolAndWolverine #Billboard #Entertainment

ICM Crescendo Music Royalty Fund is proud to announce its recent acquisition of the catalogue of Chelcee Grimes, a multifaceted British songwriter, footballer, and media personality. Known for her work with superstars like Dua Lipa, The catalogue is powered by two major tracks by the Grammy award-winning pop sensation — “Love Again,” and “Kiss and Make Up.” Read more: https://lnkd.in/g34jFYbC

ICM Crescendo Music Royalty Fund is pleased to announce a partial acquisition of a music catalogue from the famed Canadian electronic duo, DVBBS, including the rights to the sound recording of their 2013 international anthem, "Tsunami". Formed in 2012 by van den Hoef brothers, Chris Chronicles and Alex Andre, the Ontario duo has solidified their place as powerhouses in the international electronic dance music scene. For over a decade their dynamic performances have captivated audiences worldwide, and solidified DVBBS’ place among the top electronic acts globally. Read more: https://lnkd.in/gnezzHxX

Spotify is increasing its prices again which is good news for music rights holders. Spotify’s price hike last year came after most other global music streaming services, including Apple Music, Amazon Music, and YouTube Music, had increased the prices of their subscription plans. In the US, for new users, the subscription price for Spotify’s flagship individual Premium tier is going up by $1 per month – to $11.99. Premium Duo will now cost $16.99 per month (up from $14.99). Premium Family now costs $19.99 per month (up from $16.99). The company saw its global Premium Subscriber base grow to 239 million paying users in Q1, up 14% YoY, and up by 3 million net subscribers on the 236 million that SPOT counted at the end of the prior quarter (Q4 2023). #music #musicindustry #musicbusiness #musicroyalties https://lnkd.in/gbcjNcmJ

Exactly 1 month ago, the band Five Finger Death Punch released an album called "After Life (Deluxe)". Since the release of the album, the bands Spotify monthly listeners have increased by 8% to over 7.33m monthly listeners. For this growth to continue, fan engagement is required. This is why the band is scheduled to perform at 49 concerts/festivals before year end. Some of those performances will be alongside Metallica which could further boost growth from fan crossover as Metallica has over 25 million monthly Spotify listeners. The ICM Crescendo Music Royalty Fund, acquired rights to songs performed by Five Finger Death Punch earlier this year. #music #alternativeinvestments

ASCAP has just released our 2023 Annual Report and saw an increases in every major revenue and distribution category. ASCAP delivered a record-breaking $1.737 billion in revenue in the 2023 calendar year, with $1.592 billion available for royalty distributions to music rights holders like the ICM Crescendo Music Royalty Fund. ASCAP’s record-breaking revenues of $1.737 billion in 2023 represent an increase of $215 million or 14.1% over 2022. ASCAP increased the value and monetization of its members’ music with domestic revenue from U.S.-licensed performances surpassing $1.327 billion which is an increase of $149 million or 12.6% over the prior year. In 2023, audio streaming revenue rose 21%, general licensing revenue rose 23%, radio revenue rose 10% and audio-visual revenue rose 3% as compared to 2022. Total foreign revenues for performances of ASCAP members’ work outside the U.S. were $410 million, up $66 million or 19.3% over the prior year. Since 2015, the compound annual growth rate (CAGR) for Total Revenue through 2023 has increased to 7% for ASCAP, and the CAGR for Total Distributions over the same time period rose to 8%. #music #musicroyalties #musicbusiness #alternativeinvestments https://lnkd.in/gQDqu_TX

Spotify’s total number of Monthly Active Users grew 23% YoY to 602 million at the end of Q4 2023. SPOT’s net MAU additions of 28 million in Q4 contributed to record full-year net MAU additions of 113 million. Spotify said in its investor filing on Tuesday (February 6) that it saw “sustained double-digit YoY growth” in all regions and an “outperformance in Latin America and Rest of World”. July 2023 marked the first time in its 15-year history that Spotify increased its flagship subscription price point in several territories. Spotify generated €3.671 billion ($3.946bn) in total quarterly revenue (including Premium and ad-supported), which was up 20% YoY at constant currency. Spotify’s Ad-Supported Revenue in Q4 2023 was €501 million ($538.62m), up 17% YoY at Constant Currency, reflecting YoY growth “across all regions” according to SPOT’s investor presentation. This growth in users is great for the music industry and rights holders like the ICM Crescendo Music Royalty Fund. #music #musicbusiness #musicindustry #alternativeinvestments #musicroyalties https://lnkd.in/gCne3uBF

The Mechanical Licensing Collective (MLC) has announced its intent to audit 49 Digital Service Providers, from Spotify to Amazon. This historic move, the first of its kind in the 115-year history of the U.S. compulsory mechanical license, is a significant stride towards ensuring fair royalty payments to songwriters and music publishers. Why is this good news for rights holders? Transparency and Accuracy: By auditing DSPs, the MLC ensures that royalties are reported accurately, protecting the interests of rights holders. No Cost to Rights Holders: The audits are funded by the MLC’s operational budget, which comes from DSPs, ensuring that songwriters and publishers don’t bear any additional costs. Fair Distribution of Royalties: If audits reveal any underpayment, the MLC will distribute the full recovery amount to impacted rights holders without deducting any costs. As Alisa Coleman, Chair of the Board of Directors of The MLC, states, "The MLC’s audit right provides enhanced protection for songwriters and music publishers." This move underscores the commitment to uphold the standards set by the Music Modernization Act and represents a significant victory for transparency and fairness in the digital music era. It's a win for rights holders, ensuring that their creative work is valued and compensated appropriately. #music #musicbusiness #musicindustry #alternativeinvestments #musicroyalties https://lnkd.in/gzS2Gy7C

Sophisticated investors consider many factors when deciding where to allocate capital, but two important factors are counterparty risk and transparency into sales.   🔥 🚚 🔥 In the music industry, gone are the days of trusting that a truck of your physical albums arrived undamaged at a local retail store in a foreign country. These days, streaming platforms like Apple Music, Spotify, and Amazon have real-time data on streams, providing immediate insights and global reach.   These streaming platforms are also much more credible counterparties, than local retail stores that were previously selling physical copies and therefore counterparty risk is very low when you consider revenue is being collected by Apple, Amazon and Spotify.   This environment of transparency, low counterparty risk, and global access makes the music industry ripe for investment which is why funds like the ICM Crescendo Music Royalty Fund continue to acquire music catalogs.   To highlight these points, just yesterday, the MLC who is responsible for collecting and distributing royalties payable to songwriters and copyright owners by digital music services stated they intend to audit those digital service platforms on behalf of rights holders. These actions ensure accurate compensation for rights holders, further protecting music rights holders.   #music #musicbusiness #musicindustry #alternativeinvestments #musicroyalties   https://lnkd.in/gxStpv2e