Music Business Worldwide (MBW)’s Post

We all love music streaming platforms, but what are we really missing today? Over the past years, streaming services have successfully connected artists with listeners worldwide, dominating the music market. But there’s a key opportunity that remains untapped: Today, most platforms use a flat subscription model, overlooking the intense engagement of superfans who are eager to support their favorite artists, far beyond a monthly fee. 💳🎧 Imagine the possibilities: catalogs where superfans can invest in their favorite artists’ revenue streams, support them in new campaigns, and help them grow—all without intermediaries. This approach represent a major shift, transforming not just platform revenues but also artist earnings. 💼💸 We recognize this opportunity; that’s why our platform allows superfans to harness new revenue streams as the industry evolves, providing direct support to the artists they love. 👉 Let’s connect to discuss more about Nodable #MusicStreaming #SuperfanEconomy #DigitalInvestments #Nodable #InnovativeFinance #MusicIndustry #StreamingEconomy #InvestmentOpportunities #RevenueGrowth #MusicRights

Hot topic! Check out our latest webinar up now with our partners on #DigitalMusicNews. Is streaming dead? How is the music industry making up the revenue? Beyond the Hype: The Economics of Superfans

Duetti secures $90 million in funding to expand its reach and acquire indie artists' catalogs, signaling a significant boost for independent musicians. This investment underscores the growing recognition of the value within indie music, empowering artists to gain greater visibility and support in the ever-evolving landscape of the music industry. Some of the statistics at the bottom of the article are pretty interesting! #indiemusic #musicbusiness #musicindustry #streaming #williampaterson David Philp

New Post: Warner Music Group’s Quarterly Profits Up 14% on Streaming Growth - https://lnkd.in/gPXtKhnM - Warner Music Group reported on Wednesday strong streaming revenue growth and keeping a lid on its costs helped offset declines in merchandise and physical music sales in the company’s third fiscal quarter. Quarterly net profit rose nearly 14% to $141 million from $124 million in the third quarter last year. Overall revenue fell by 1% to $1.554 billion from $1.564 billion in the year ago quarter due to the roll off of BMG’s distribution deal and a difficult comparison to the year-ago quarter, which included a $7 million benefit from the Copyright Royalty Board in Phonorecords III. Related Warner Music Group Announces Major Executive Restructure, Max Lousada to Step Down 08/01/2024 The company’s digital revenue and streaming revenue were up 4.7% and 5.5% respectively, as subscription revenue grew 7%. Recorded Music streaming revenue increased 5.0%, and music publishing streaming revenue increased 7.9%. “Our strong subscription streaming growth in was driven by the performance of our music and healthy industry trends,” Warner Music Group chief executive Robert Kyncl said in a statement. “We’re nurturing the next generation of artists and songwriters, creating fresh impact for our iconic catalog, and working with our partners to increase the value of music. Our commitment to long-term artist development, combined with a flatter structure in recorded music, will enable us to super-serve talent and set WMG up for sustained future growth.” WMG’s operating income jumped 10% to $207 million in the quarter from $189 million in the third quarter last year. Adjusted operating income before depreciation and amortization (OIBDA), which measures profitability over a specific period of time, rose 6% to $316 million from $297 million in the prior-year quarter. Related Julie Greenwald to Exit Atlantic Records 08/06/2024 Revenue from WMG’s recorded music division fell by 2% to $1.251 billion from $1.282 in the year-ago quarter. This was due in part to the exiting of BMG as a client, which resulted in $26 million less revenue, and a “renewal with one of the Company’s digital partners” which created an additional $3 million drage on recorded music streaming revenue, the company said. BMG began winding down its distribution agreement with WMG’s ADA last September to move control of its 80 billion

Drake claims Universal Music Group and Spotify ‘artificially inflated’ Kendrick Lamar’s diss track Not Like Us Drake’s claims about UMG and Spotify allegedly inflating Kendrick Lamar’s diss track ‘Not Like Us’ bring an interesting perspective to the evolving music streaming industry. As an artist, this raises questions about transparency in streaming algorithms and the influence of major labels on playlist curation and track visibility. For independent artists, this highlights the importance of understanding the power dynamics in the industry and how platforms prioritize content. Transparency and fairness are crucial for ensuring every artist has a fair chance to reach their audience. Believe doesn't this feels like the table has turned #spotify #drake #umg #artificalstreaming #artists #musicians #musicindustry

🎶 Music Industry Allegations: UMG vs. Drake? 🎶 A new theory is making waves, suggesting that Universal Music Group (UMG) allegedly manipulated the playing field during contract negotiations with Drake. Here’s what’s being said: 🔹 The Allegations: UMG reportedly wanted to lower Drake’s value to secure a smaller deal. To achieve this, they allegedly boosted Kendrick Lamar’s streaming numbers to create competition, making Drake appear less dominant. 🔹 The Strategy: After Drake recouped his earnings, he sought a better deal. UMG, however, allegedly resisted, even after he fulfilled his contract obligations. Instead, they reportedly boosted 67% of Kendrick’s streams to tilt the industry perception. 🔹 Licensing Moves: UMG reportedly charged a reduced licensing fee for Kendrick’s song “Not Like Us” on Spotify, costing the platform millions but securing prominent promotion. If true, these moves shed light on how competitive and strategic the music industry can be, even at the highest levels. What are your thoughts on this? Is this just industry politics or something deeper? Let’s discuss below! 👇 #MusicIndustry #Drake #UMG #KendrickLamar #IndustryPolitics

As the Music Industry starts to accept the potential of "superfans" and continue to learn how to both market and interact with them, the connection between record labels, their catalogs, and retailers has never been more important. This MBW article goes into how important retailers are in the age of digital streaming, and I think it does a great job. Fan-engagement is a dual-edged sword, and I think retail is a great way to interact with them for exclusive merchandise, especially in collaboration with exclusive live experiences. David Philp you'd think this is really interesting! #music #musicindustry #superfans #retail

Do you know “WHY” Top World Music Artistes agree to perform in #NFL #SuperBowl FREE of charge? Here is the “why”: It is reported that Apple Music pays the National Football League (NFL) $50 million annually to sponsor the Super Bowl halftime show. But these artists won't get any of that money. Instead, they'll perform for free, leveraging the exposure to gain followers, sell tickets, and increase streaming numbers. Here's how it works👇 🎯 Some of the world's most famous artists have performed at the Super Bowl: • Prince • Michael Jackson • Bruce Springsteen • Beyonce • Justin Timberlake • The Rolling Stones • Rihanna But NONE of these artists were paid. Here's how the financials work: • #NFL signs a $50m #sponsorship deal • Artists get a $15m production budget This budget covers 2,000 to 3,000 part-time workers, including set design, security, dancers, and #marketing. But artists don't get any of the money. In fact, some artists end up spending millions of dollars of their own money on the #performance. The Weeknd, for instance, it was said that Usher spent almost $7m of his personal cash on his show at #SuperBowl55 & Dr. Dre reportedly spent a similar amount in 2022. So “WHY” do they do it? EXPOSURE! The Super Bowl is watched by over 115 million people. Brands will spend $7m for 30secs #commercials during this year’s game, yet, Usher will receive an uninterrupted 13-minute commercial for free. That is more valuable than his performance fee. And the data backs it up. • Justin Timberlake saw a 534% increase in music sales after #SuperBowl52. • Travis Scott’s performance fee doubled from $500k to $1m after #SuperBowl53. • Jennifer Lopez and Shakira gained 3 million #Instagram followers after #SuperBowl54. #Rihanna's numbers were insane: • No.1 most-streamed artist globally • 17 songs in the Top 40 on Spotify • Gained 3 million #Instagramfollowers • #FentyBeauty searches were up 833% Even crazier, Rihanna's performance had more viewers (118 million) than the game (115 million) averaged. So it's no surprise Usher has a few tricks up his sleeve. Usher is releasing his new album “Coming Home” just two days before the Super Bowl, hoping his performance sends it to the top of the charts. He also signed several #endorsementdeals and will even be in a commercial. But Usher's big play is #promoting his upcoming tour. Stubhub says artists typically see a 50% increase in concert ticket searches after performing at the Super Bowl, and The Weekend sold 1 million tickets after his performance. That's why Usher announced a 24-city arena tour yesterday, with tickets going up for sale immediately when he steps off stage. This creates a win-win situation. The NFL gets one of the world’s top artists to perform at its biggest event for free, and the musician gets a 13-minute commercial in front of 115 million people for a fraction of what brands pay. That's why artists agree to do it for free. #Business is Numbers! #SuperBowl2024

As technology reshapes the landscape, the music sector is experiencing unprecedented growth. Curious about investing in the global music industry? From streaming services to live performances, the opportunities are vast. Dive into the trends & factors driving the industry's potential. Whether you're an investor or just a music enthusiast, learn how to navigate this dynamic market. https://bit.ly/3xOyMGy #Investment #MusicIndustry #Technology #WealthManagement

Universal's Q1 results showcased strong revenue growth, reaching $2.816 billion across all divisions, up 7.9% YoY at constant currency. Recorded music revenues were $2.159 billion, with streaming revenue growing by 12% YoY to $1.59 billion. Physical revenues decreased due to challenging comparisons, while music publishing saw an 18.4% YoY increase to $538.55 million, driven by digital revenue growth. Merchandising and other revenue increased by 7.5% YoY to $123.78 million. UMG's EBITDA grew significantly by 95.2% YoY to $532 million, with an expanded margin. UMG credited its artist-centric approach and strategic planning for these strong results. #UniversalMusicGroup #UniversalMusic