Welcome to Music Business World’s weekly roundup – where we make sure you catch the 5 biggest stories that have made our headlines over the past seven days. MBW’s review is supported by China Travel Servicehelping more than 500 of the world’s best-selling artists maximize their income and reduce touring costs.
live countryAcquired Los Angeles Talent Management Company timeline Underscoring the fact that the concert and ticketing giant is also a major player in talent management. Timeline’s partnership with online influencers could open up a new way for Live Nation to promote its programming and artist management clients…
On the other side of the Pacific, HYBE’s brand ADOR filed a lawsuit against the Korean pop group NewJeans. The lawsuit comes after the group announced plans to exit ADOR a week ago. The brand argued that NewJeans did not have the ability to unilaterally cancel the contract.
elsewhereGetty Images CEO Craig Peters wealth Artificial intelligence developers criticized this week for stealing copyrights.
Also this week, Tik Tok has revealed a list of the biggest music tracks and artists on the platform this year. the company stated 13 of 16 Number one track in the US billboard hot 100 Related to what’s trending on TikTok.
at last, MBW A look back at the biggest music deals of the year. The year was dominated by large-scale securities issuances backed by private equity investments and music assets. In terms of directory acquisition, sony music Led many blockbuster transactions.
Here’s what happened this week…
1) LIVE NATION just acquired a majority stake in a Hollywood influencer management company. Here’s why this is important.
live country is a live music promotion and ticketing giant, but it also runs a strong talent management business.
really, Michael Rapinoe-LED claims in its 2023 annual report that it is “one of the world’s leading artist management companies based on the number of artists represented.”
On Tuesday (December 3), Live Nation announced the latest development in its talent management business: it acquired timeline – Described by LN as one of Los Angeles’ “premier talent management firms.”
The timeline focuses on “young Hollywood and influential talent.” The acquisition of a majority stake in Timeline is a significant development for Live Nation given the rise and power of influencer marketing on social media platforms…
2) HYBE’s ADOR brand filed a lawsuit over the NEWJEANS transaction dispute, claiming that the K-POP Group’s exclusive contract “cannot be terminated unilaterally”
Provided by Adore
i like ita subsidiary of the K-pop giant movehas filed a lawsuit to stop the girl group new jeans The termination of the exclusive contract escalates a high-stakes dispute in South Korea’s music industry.
The lawsuit, filed in the Seoul Central District Court on Tuesday (December 3), challenges the group’s recent attempts to break away from the brand, with ADOR claiming that existing contracts remain legally binding and cannot be terminated unilaterally.
“While we do not wish to seek legal intervention from the artist, we feel it necessary to clarify to the artist and all relevant stakeholders that our exclusive The contract cannot be terminated unilaterally ADOR said in a statement to CNN that it was “based solely on one party’s assertions.” MBW.
Prior to the lawsuit, NewJeans held a press conference on November 28 to publicly announce its intention to withdraw from ADOR. group member Hanny Claims the company has “neither the ability nor the will to protect” members, citing psychological distress and “breach of trust…”
3) TikTok announced its top songs in 2024; saying that 13 of the 16 top songs in the United States this year are related to trends on its platform
Tik Tok has long promoted itself as a leading promoter of musical discovery, its Year-End Music Report 2024 reiterates this theme.
According to TikTok reports, 13 of 16 Number one track in the US billboard hot 100 Relate to trends on the platform in some way.
also, 10 of 11 The track reached number one in the UK official singles chart Reports say TikTok’s popularity is driving this trend.
“By 2024, TikTok truly becomes the music industry’s primary launchpad for music, artists, and creativity,” Ole OlbermannTikTok’s head of global music development said in a statement…
4) GETTY IMAGES CEO just publicly cracked down on artificial intelligence copyright theft
In a scathing op-ed published in Fortune magazine this week, Craig Peters, CEO of photography agency Getty Images, criticized the idea that copyrighted material on the Internet can be used without permission. Protected content used to train artificial intelligence is a “fair use” under copyright law.
Instead, he advocates a nuanced approach to assessing fair use that supports the potential of artificial intelligence to benefit society without harming creative industries, including music.
Peters’ article concludes by arguing that “there is a fair path that rewards creativity and delivers on the promise of artificial intelligence.”
He added: “Let’s stop the rhetoric that all unlicensed AI training is legal and that any requirement to respect creators’ rights comes at the expense of AI as a technology…”
5) The 21 Biggest Music Business Deals of 2024: From IRVING AZOFF to DADDY YANKEE, HIPGNOSIS and QUEEN
Pictorial Press/Alami
As the value of music companies and rights continues to grow, so do the deals being made in the industry and private equity’s involvement in those deals.
From a monetary perspective, the biggest deals of 2024 (at least so far) are by private equity firms Herman and Friedmanstruck a ten-figure deal to acquire a stake in the company Irving AzoffPRO located in the United States Global rights management (GRM).
Another aspect of the rapid growth of the music industry in 2024 is the securitization of music assets. Music rights holders have undertaken a series of significant asset-backed securitizations this year, including Hipgnosis Song Fund, harmonyand cobalt.
In terms of catalog trading, sony music Dominate 2024, buy all or part of the catalog Queen, pink floydand Michael Jackson…
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