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Welcome to Music Business Worldwide’s weekly round-up – the place we make certain you caught the 5 greatest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and scale back their touring prices.


Anyone following MBW’s protection of the worldwide music enterprise over the previous 12 months will certainly have seen one thing:

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Barely every week now goes by with out attention-grabbing information about both a significant music rights deal, or a brand new, deep pocketed participant getting into the music rights acquisition area.

This week introduced information of each.

Today (January 14), we realized that investment large Pimco has struck an alliance with BMG to collectively purchase music copyrights, and the importance of the firm getting into the fray is immense.

That’s as a result of Pimco has a portfolio of property price $2.21 TRILLION, greater than investment giants KKR (round $234 billion), Apollo Global Management  (round $455 billion) and Blackstone (round $649 billion) mixed.

We additionally realized this week that the acquisitive Primary Wave Music Publishing has spent a collective $60 million on stakes within the catalogs of Paul Rodgers, and Gerry Beckley and Dewey Bunnell of America.

According to the Wall Street Journal, each offers, valued at $20 million and $40 million respectively, passed off on the finish of 2021 – a yr wherein MBW estimates, as reported on Monday (January 10), that not less than $5 billion was spent on music rights acquisitions.

In addition, as per the WSJ, Primary Wave, which itself has over $1 billion to spend on music rights, “is gearing up to spend $500 million to $600 million” this yr.

Elsewhere this week, Warner Music Group acquired distinguished African music distributor Africori, whereas Universal Music Group Chairman and CEO Sir Lucian Grainge despatched a memo to UMG’s workforce to mark the brand new yr.

Here’s what occurred over the previous seven days…


Photo credit score: Giorgio Trovato

1) AT LEAST $5 BILLION WAS SPENT ON MUSIC RIGHTS ACQUISITIONS IN 2021. COULD 2022 BE EVEN BIGGER?

The music rights market was on fireplace in 2021.

MBW estimates – based mostly on confirmed costs and knowledge from trade sources – that not less than $5.05 billion was spent on catalog and music rights acquisitions throughout the 60-plus big-money offers we reported on throughout final yr.

That determine contains offers for particular person catalogs bought by artists and songwriters, plus acquisitions of music rights portfolios (together with these owned by energetic labels/publishers) by corporations from different corporations…


2) PIMCO, ONE OF THE WORLD’S BIGGEST INVESTMENT FIRMS, TURNS ITS ATTENTION TO MUSIC RIGHTS

Towards the top of final yr, MBW ran the now-infamous headline: Here Come The Giants.
It was in reference to three heavy hitters from the investment neighborhood – Blackstone, Apollo Global Management, and KKR – deciding to cumulatively funnel billions of {dollars} into music rights acquisition.

Today (January 14), we study that one other towering title from the finance world – Pimco – can also be getting into the fray.

The Financial Times experiences that Pimco has struck an alliance with BMG to collectively purchase track copyrights….


Yoel Kenan, CEO, Africori

3) WARNER ACQUIRES AFRICA-BASED MUSIC DISTRIBUTOR AFRICORI

Warner Music Group (WMG) has acquired a majority stake in Africori, a distinguished African music distribution, music rights administration and artist growth firm.

With places of work in Johannesburg, London and Lagos, Africori at the moment providers 7,000 artists and 850 purchasers and experiences that in 2021, its artists generated tons of of tens of millions of audio streams and billions of YouTube views. The firm additionally experiences to have recorded robust income progress throughout all main DSPs.

WMG says that Africori will proceed to function as an unbiased firm, with present CEO, Yoel Kenan, remaining in his put up….


4) PRIMARY WAVE SPENDS $60M ON STAKES IN PAUL RODGERS AND AMERICA CATALOGS

Primary Wave Music has lately struck two new catalog offers for a mixed $60 million.

Firstly, the firm has spent $20 million on a stake in Paul Rodgers’ music publishing catalog for Free and Bad Company, in addition to his grasp recording revenue streams for each bands.

Secondly, Primary Wave has acquired Gerry Beckley’s and Dewey Bunnell’s rights within the America music catalog, in a deal price $40 million.

The worth of each acquisitions had been reported by the Wall Street Journal, which, citing folks shut to the offers, states that each passed off in 2021.

The WSJ additionally experiences that Primary Wave, which has over $1 billion to spend on music rights, “is gearing up to spend $500 million to $600 million” this yr…..


5) READ SIR LUCIAN GRAINGE’S 2022 MESSAGE TO UNIVERSAL MUSIC GROUP’S WORKFORCE

Universal Music Group Chairman and CEO Sir Lucian Grainge despatched a wide-ranging memo to his firm’s workers this week to mark the brand new yr.

Within the notice, obtained by MBW, Grainge commends and thanks UMG’s world workforce for his or her “determination and commitment” in 2021, and for what the corporate achieved final yr despite the challenges introduced by the pandemic.

Indeed, Grainge writes that, for UMG’s enterprise, 2021 was “in a word, phenomenal”… (MBW)


MBW’s Weekly Round-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and scale back their touring prices.Music Business Worldwide



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