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.
Earlier this week we received news of the death of quincy joneslegendary producer, composer and executive known for his association with frank sinatra, Michael Jacksonand many other icons. Jones died Sunday night at his home in Los Angeles at the age of 91.
This is also this week MBWof British Music Business Awardssaw Sony Music Publishing Chairman and Chief Executive Officer Jon Platt pick up inauguration International Executive of the Year Award, at the same time Max Lusadacurrent head of the record music department Warner Music Groupwon Sir George Martin Award.
The Lusada Prize is awarded to Ed Sheeranwho makes a very convincing argument for the importance of “musicians” like Lusada (i.e., those who truly recognize talent).
Elsewhere in the music business world, Clover Capitalan investment firm known for buying rights to Taylor Swift‘s first six albums came from Ithaca Holdingsannounced that it has raised $1.6 billion Across two new funds.
at last, universal music group, ABCCOand Concord Music Group sued believe and its subsidiaries Tuning What music companies call “industrial-scale copyright infringement” related to the “manipulation” of audio. Believe and TuneCore “strongly refute” the claims and plans to fight in court.
Here’s what happened this week…
1) British Music Business Awards 2024: All winners
this British Music Business Awards Held on Tuesday (November 5) at the Grand Connaught Rooms, Covent Garden, London.
UK-centric ceremony by MBW and Youtubehonors and celebrates artistic and industry talent in songwriting, production, record labels, music publishers, talent management and more.
It all kicks off with new awards launching in 2024: International Executive of the Year Awardcelebrating 30 years of career Jon PlattChairman and Chief Executive Officer Sony Music Publishingpresented to Platt on stage by the British songwriter and producer MNEK.
prestigious Sir George Martin Awardat the same time, went Max Lusadapresented on the stage Ed Sheeran…
Photo: Alex Davidson
2) ED Sheeran’s speech on MAX LOUSADA is the primary reason why you entered this industry
Max Lusada won Sir George Martin Award exist MBWof British Music Business Awards Tuesday night in London.
The award recognizes an executive with a proven track record of cultivating meaningful artist and songwriter relationships, who has earned widespread respect within the creative community.
The person who presented the award to Max was Ed Sheeran. What Ed said will go down in music industry legend. This is important.
3) BELIEVE and TUNECORE say they “strongly refute” the copyright infringement claims in UMG’s $500 million lawsuit and “will fight them”
believe Has issued a statement regarding a significant copyright infringement lawsuit filed against the Company and its subsidiaries Tuning go through universal music group, ABCCOand Concord Music Group.
The lawsuit, filed on Monday (November 4), alleges that Believe built its business by engaging in “industrial-scale copyright infringement” of “the world’s most popular copyrighted recordings.”
in a statement MBW On Tuesday (November 5), a spokesperson for Believe said that the company and its subsidiary TuneCore “strongly refute these claims, as well as Universal Music Group’s statement, and will fight them.”
The complaint, filed in the U.S. District Court for the Southern District of New York, focuses in part on the dissemination of so-called “manipulated” information…
Chutima Chaochaiya/Shutterstock
4) Clover Capital, the firm that acquired Taylor Swift, raises $1.6 billion for two new investment funds
Los Angeles-based investment firm Clover Capital Already proposed $1.6 billion Involving two new funds: Shamrock Capital Growth Fund VI and Shamrock Capital Clover Fund I.
Growth VI funds will participate in at least $45 millionand Clover I will participate in investments of less than US$45 million.
Clover Capital known for buying sovereigns Taylor Swift‘s first six studio albums Ithaca Holdings November 2020. MBW The deal costs the Shamrocks in the region $405 million.
January 2023 advertising billboard Reports say Clover – next to universal music group – was one of the two buyers PhD. Delrayof music assets, approximately US$200 million Total changed hands…
Kathy Hutchins/Shutterstock
5) Legendary producer, composer and music director Quincy Jones dies at 91
Legendary producer, music executive and composer quincy jones Passed away at the age of 91.
“Tonight, it is with full and broken hearts that we must share the news of the passing of our father and brother, Quincy Jones,” Quincy Jones’ family said in a statement to The Associated Press.
“While this is an incredible loss for our family, we celebrate his wonderful life and know there will never be another like him again.”
According to the Associated Press, Jones died at his home in Los Angeles on Sunday night (November 3) with his family by his side…
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