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From Common’s $50m deal in Thailand to TikTok’s new music streaming service… it’s MBW’s Weekly Spherical-Up


Welcome to Music Enterprise 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 maximize their earnings and scale back their touring prices.


When the world’s greatest music rightsholder spends an eight-figure sum on an acquisition, it’s time to sit down up and take discover.

That’s what occurred over the previous week, as Common Music Group confirmed its acquisition of a majority stake in Thailand’s RS Group.

The price?

As revealed by a public submitting in Thailand, UMG is spending an preliminary USD $45.5 million on the purchase – which is predicted to shut in Q3 – adopted by a possible extra $4.9 million.

Elsewhere this week, TikTok confirmed that its new Spotify-rivalling subscription music app – TikTok Music – is launching in Brazil and Indonesia.

It would successfully exchange ByteDance‘s Resso in each territories, which is being phased out in every market over the approaching months.

Different headlines we lined this week concerned the likes of Queen (nonetheless making a number of cash), Taylor Swift (maybe making much more than she’d anticipated), and Raine Group (who’ve raised a heck of some huge cash).

Listed below are 5 tales it’s essential to learn about from the previous 5 days…


1) Common is spending $50 million to spice up its market share in Thailand. Count on extra offers in Asia to comply with.

That is all attention-grabbing context to think about following the information that Common Music Group has simply dedicated USD $45.5 million to purchase a majority stake in RS Group in Thailand.

That $45.5 million price-tag could rise by an additional $4.9 milion in future, based on filings, whereas the deal is predicted to shut in Q3 2023.

Thailand is changing into a strong market in Asia for the recorded music business, with 20% YoY income progress in 2022. The territory surpassed $100 million in wholesale market income for the primary time final yr.


2) TIKTOK LAUNCHES PREMIUM-ONLY ‘TIKTOK MUSIC’ STREAMING SERVICE – AND IT’S LICENSED BY ALL THREE MAJORS

Following months of hypothesis and evaluation about TikTok’s plans to launch a standalone music streaming service, on Thursday (July 6), ‘TikTok Music’, a streaming app and critical new Spotify rival, formally arrived.

In accordance with Ole Obermann, International Head of Music Enterprise Improvement at TikTok, the app is “a brand new type of service that mixes the facility of music discovery on TikTok with a best-in-class streaming service”.

TikTok Music has launched as a premium-only music subscription service in Indonesia and Brazil, and it’s licensed by, and contains the catalogs of all three main document firms: Common Music Group, Warner Music Group and Sony Music….


3) TAYLOR SWIFT’S ‘TAYLOR’S VERSION’ RE-RECORDS MAY BE EXCEEDING EVEN HER HIGH EXPECTATIONS

Over the previous few weeks, Music Enterprise Worldwide has been rooting out new particulars about one of many music enterprise’s most argued-over sagas: the sale of the grasp rights to Taylor Swift’s first six albums, initially recorded for Massive Machine.

In our newest chapter of this investigation, we obtained – and revealed components from – an unsigned June 2020 NDA mutually drafted between Swift’s workforce at 13 Administration and Scooter Braun’s Ithaca Holdings.

This NDA was created to advance talks between the events over the potential sale to Swift of her ‘Massive Machine’ masters from Ithaca. It contained what seemed to be a reasonably boilerplate clause stopping either side from talking publicly about confidential deal negotiations

All of that, although, is now firmly up to now.

Whether or not or not there have been some components of Swift and her workforce ‘negotiating in public’ with Braun through accusations in regards to the aforementioned NDA, historical past will present that, ultimately, a deal wasn’t agreed between 13 Administration and Ithaca.

Braun would ultimately ink a sale for the grasp rights to Swift’s first six albums to Shamrock Capital for a complete of USD $405 million in October 2020.

So what occurred subsequent? That’s the main focus of this text – the place we reveal simply how profitable Taylor Swift’s ‘Taylor’s Model’ re-records of her Massive Machine albums have been to this point, forward of the discharge of Communicate Now (Taylor’s Model) this Friday (July 7)…


4) QUEEN SHOWS NO SIGN OF FADING INTO HISTORY AS BAND’S EARNINGS JUMP 4.3% TO $50M IN 2022

British rockers Queen noticed a critical spike of their earnings in recent times, owing in no small half to the success of the Oscar-winning 2018 biopic Bohemian Rhapsody.

Practically half a decade down the street from that film’s launch, one would assume the band’s earnings can be dropping again down once more. Not so.

The newest annual report from Queen Productions Ltd. – the UK-based firm that collects the band’s turnover – exhibits that within the fiscal yr ending September 30, 2022, the band took in £40.89 million (USD $50.41m at common annual trade charges as per the IRS).

That’s a rise of 4.3% from FY 2021, when turnover got here in at £39.19 million. (In US greenback phrases, that involves $53.9 million, because the British pound was stronger in opposition to the greenback that yr.)…


Photograph credit score: Marian Weyo/Shutterstock

5) THE RAINE GROUP RAISES $760M FOR LATEST GROWTH EQUITY FUND

The Raine Group, a world strategic advisory and funding agency, has closed its latest fund, Raine Companions IV.

The full dimension of the fund is over $760 million, bringing The Raine Group’s complete Property Beneath Administration to just about $4 billion.

Raine Group is an present investor in music firms similar to SoundCloud, C3 Presents, and Amuse. It is usually the first backer behind Firebird Music Holdings.

As an advisor, Raine Group has been concerned in main latest transactions within the music business together with HYBE’s ~$300 million acquisition of High quality Management


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

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