MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. MBW Reacts is supported by JKBX, a technology platform that offers consumers access to music royalties as an asset class.
SPOTIFY IS CHANGING ITS ROYALTY MODEL TO CRUSH STREAMING FRAUD AND INTRODUCE A MINIMUM PAYMENT THRESHOLD. ITS PLAN? TO SHIFT $1 BILLION IN PAYOUTS TOWARDS ‘WORKING ARTISTS’ OVER THE NEXT 5 YEARS.
THE 3 MAJOR MUSIC COMPANIES GENERATED $1BN MORE IN THE FIRST HALF OF 2023 VS. THE FIRST HALF OF 2022
WHY INGESTING 100,000 TRACKS A DAY MAY NOT PROVE SUSTAINABLE FOR SPOTIFY’S BUSINESS IN THE LONG-TERM.
IT’S HAPPENED: 100,000 TRACKS ARE NOW BEING UPLOADED TO STREAMING SERVICES LIKE SPOTIFY EACH DAY
MBW’s Stat Of The Week is a series in which we highlight a single data point that deserves the attention of the global music industry. Stat Of the Week is supported by Cinq Music Group, a technology-driven record label, distribution, and rights management company.
GLOBAL RECORDED MUSIC REVENUES HIT $25.9BN IN 2021, UP 18.5% YOY
RECORD LABELS REALLY, REALLY DON’T LIKE A NEW BILL THAT COULD – EVENTUALLY – CHANGE HOW ARTISTS GET PAID IN THE UK
Music Business Worldwide’s Murray Stassen reports, “Record companies, both majors and indies, are up in arms over suggestions from a British politician that signed artists should see a portion of their UK streaming royalties bypass the label system entirely, and be paid to performers directly via a collection society.”
COULD THIS TECHNOLOGY, BUILT BY A GRAMMY-WINNING PRODUCER, BLOW UP MUSIC’S ‘BLACK BOX’ ONCE AND FOR ALL?
Music Business Worldwide’s audience doesn’t need much tutoring about how big a problem the global industry’s so-called ‘black box’ has become.
GOLDMAN SACHS: UNIVERSAL IS WORTH OVER $50BN, AND GLOBAL MUSIC STREAMING REVENUES WILL RISE $3BN THIS YEAR
The MBW Review is where we aim our microscope towards some of the music biz’s biggest recent goings-on. This time, we leaf through Goldman Sachs‘ latest must-read report about the music industry.