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From WMG’s $250m David Bowie deal to catalog claiming 82% of the US market: It’s MBW’s Weekly Spherical-Up

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Welcome to Music Enterprise Worldwide’s weekly round-up – the place we ensure that you caught the 5 largest 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 earnings and cut back their touring prices.


Warner Music Group wasted no time this yr, formally securing the primary catalog mega-deal of 2022 on Monday (January 3).

Shopping for David Bowie’s music catalog for round $250 million through its Warner Chappell Music division, WMG now owns rights in tons of of Bowie songs, together with evergreen hits like House Oddity, Adjustments, Life on Mars?, Ziggy Stardust, Starman, Insurgent Rebel and much more.

The acquisition adopted the announcement in 2021 of a world, career-spanning deal between WMG and the Bowie Property by which Warner Music has licensed worldwide rights to the famous person’s recorded music catalog from 1968.

The Bowie music assortment wasn’t the one physique of rights to return underneath new possession this week, with BMG and KKR shopping for US songwriter and performer John Legend’s songwriting catalog for an undisclosed payment.

KKR (through affiliate DL Music IP) and BMG have every bought a 50% stake in Legend’s catalog, for songs written between late 2004 and early 2021, as per a US regulatory submitting seen by Bloomberg.

Elsewhere this week, a brand new annual report revealed by US market monitor MRC Information confirmed that 2021’s largest success story within the US was ‘catalog’ music.

Primarily based on MRC’s numbers, MBW calculates {that a} whopping 82.1% of complete recorded music consumption within the US within the second half of 2021 got here from ‘catalog’ information.

Or in different phrases, ‘present’ information accounted for simply 17.9% of complete US music consumption within the final six months of 2021.

Additionally this week, new figures confirmed by the UK’s recorded music commerce physique, the BPI, confirmed that streaming quantity progress is slowing available in the market, whereas we discovered that rap legend Nas is promoting shares in streaming royalties for 2 of his singles through funding platform, Royal.

Right here’s what occurred within the first working week of 2022…


1) WARNER BUYS DAVID BOWIE SONG CATALOG FOR $250M+

The primary huge music business acquisition of 2022 is with us: Warner Music Group, through its Warner Chappell Music subsidiary, has acquired the worldwide music publishing rights to David Bowie’s music catalog.

The value of the deal, lengthy mooted to be bouncing across the $200 million mark, was ultimately agreed at upwards of $250 million, in line with Selection.

This implies Warner has introduced two offers spanning over $650 million in acquisition charges previously three weeks, following the $400 million acquisition of the Kevin Liles-led 300 Leisure in December…


2) OVER 82% OF THE US MUSIC MARKET IS NOW CLAIMED BY CATALOG RECORDS, RATHER THAN NEW RELEASES

You couldn’t say that 2021 was mild on blockbuster album releases.

There was Adele, in fact, whose 30 raced out of the blocks in November to turn out to be 2021’s biggest-selling (as in, conventional album gross sales, not together with streaming) album within the US.

In January, nation artist Morgan Wallen launched Harmful: The Double Album, which was the US’s largest album total in 2021, in addition to being its largest by way of streaming (with 3.65 billion audio streams alone).

There was additionally, to select a number of, Olivia Rodrigo’s Bitter (the US’s No.2 largest report in 2021), Drake’s Licensed Lover Boy (No.3), and Doja Cat’s Planet Her (No.6).

We all know all of this due to numbers contained in a brand new annual report launched yesterday (January 6) by US market monitor, MRC Information.

But we additionally know, due to that very same report, that 2021’s largest success story within the US had nothing to do with a brand new launch: it was ‘catalog’ music…


3) NOW JOHN LEGEND SELLS: BMG AND KKR BUY CATALOG FROM ALL OF ME HITMAKER

Music’s newest huge catalog sale has been confirmed: US songwriter and performer, John Legend, has offered his songwriting catalog for an undisclosed payment to BMG and KKR.

Curiously, it seems that the Legend sale to KKR and BMG was finalized earlier than the 2 firms collectively acquired a catalog from ZZ Prime.

In December, that ZZ Prime acquisition grew to become the primary formally introduced joint acquisition from the duo of companies…


4) THE BRAKES HAVE BEEN SLAMMED ON AUDIO STREAMING’S GROWTH IN THE UK. IS THE US NEXT?

Are the world’s largest music markets headed in direction of an period the place streaming progress plateaus, in the identical means it has within the ‘early adopter’ Scandinavian territories?

The newest information, not less than on a quantity foundation, suggests so.

In response to new figures confirmed by the UK’s official recorded music commerce org, the BPI, the British market noticed 147.2 billion complete on-demand audio streams in 2021.

That was up by 7.9 billion – or 5.7% – on 2020’s complete haul (139.3 billion).

This may sound like quite a bit… however once you examine it to the tendencies of earlier years, it’s actually not…


5) NAS TO LET FANS BUY SHARES IN STREAMING ROYALTIES VIA NFTS ON MUSIC INVESTMENT PLATFORM ROYAL

Blockchain-based music funding platform Royal raised $55 million in November and attracted funding from artists like The Chainsmokers, Nas, Logic, Stefflon Don, Kygo, Joyner Lucas and Disclosure.

Yesterday (January 6), Royal, co-founded by Justin Blau, aka musician and producer 3LAU, revealed that a type of backers, hip-hop legend Nas, would be the first artist to let followers spend money on his music on the platform.

On January 11, followers will be capable to spend money on Nas’s music by shopping for shares within the royalties earned from streaming for 2 of his tracks: Extremely Black, the lead single from his 2021 Grammy Award winning-album King’s Illness, and Uncommon, a single from follow-up 2022 Grammy Award-nominated album, King’s Illness II…


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

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