Welcome to Music Business Global’s weekly roundup – where we make sure you catch the five 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.
this week MBW A data point was discovered that further reinforced the observation that independent music companies are on the rise: completely 60% Top 10 songs worldwide Tik Tok It was released independently this summer.
at the same time, black stonetakeover Hipnos Takeovers from public shareholders remain high-profile events in the music industry. Some had expected Blackstone to downsize Hipgnosis song management follow Merck” left, but it turned out otherwise: HSM was on a hiring spree.
Elsewhere in the industry this week, sony music Announcing new CEO of Germany, Switzerland and Austria (GSA) division Christoph Behm take the helm Sony Music General Administration Bureau from patrick hairstyleeffective September 1.
Speaking of new bosses, people have said a lot Warner Music GroupAppoints relatively young Elliot Grainge as CEO of Atlantic Music Group. MBW notes in a new analysis that despite his young age, Grainge has an impressive track record as a hitmaker.
at last, Edgar Bronfman Jr.Best known in the music industry for his role as Warner president, he this week launched a bid to acquire control of the company. Paramount Worldwideto the studio and sky dance. Paramount extended Skydance’s deadline to evaluate Bronfman’s bid.
Here’s what happened this week…
1) More than half of TikTok’s biggest global tracks of the summer were independently released
The advancement of the independent artist “middle class” is one of the biggest topics in the music industry this year.
This trend has been highlighted in recent months bright Statistics show independent developers Cannibalizing the market share of major streaming media.
We also introduce you to K-pop giants moveIt plans to launch an artist services business in the United States on the grounds that “the traditional business structure of the U.S. market is fragmented and there is a growing need for change.”
Now we find that more than half (60%) ranks among the social media giant’s top 10 songs globally Tik Tok Released independently this summer…
2) BLACKSTONE’s HIPGNOSIS is gearing up for the next phase…
It feels like the end of the story. black stone Officially obtained Hipgnosis Song Fund Last month from its public shareholders US$1.584 billion.
Post-acquisition plan is clear: Blackstone will merge with HSF 40,000 Blackstone Privately Held Songs Hipgnosis song capitalthe location of the relevant copyright Leonard Cohen, justin timberlake, justin bieber, Nellie Furtadoand Kenny Chesney.
What may not be clear is what will happen after the Blackstone/HSF deal closes Hipgnosis song management (High speed processing machine) – investment advisor to Hipgnosis Private Funds and the (formerly) public entity Hipgnosis Songs Fund.
MerckThe exit has led some to believe Blackstone may streamline HSM as the financial giant looks to take a quieter role in ownership of the music business. This assumption now seems to be problematic – because Hipgnosis Song Management is recruiting aggressively…
3) Sony Music Germany CEO Patrick Musasi Kareba exits; CHRISTOPH BEHM is appointed as the new CEO of the GSA region
patrick hairstyle, sony musicThe chief executive of Germany, Switzerland and Austria (GSA) will leave the company at the end of August.
Sony Music announced the executive’s departure on Monday (August 19).
Mushatsi-Kareba will be replaced Christoph Behmwho has been promoted to CEO Sony Music General Administration Bureaueffective September 1, 2024.
Report to Daniel LieberbergPresident, Sony Music Continent Europe and AfricaChristoph Behm will remain based in Berlin and will be responsible for strategy and operations for the GSA region…
4) Former Warner Music Group boss Edgar Bronfman Jr. Offered $4.3 billion to acquire Paramount
Edgar Bronfman Jr. Submitted $4.3 billion Make a takeover offer Paramount Worldwideaiming to undermine the company’s upcoming relationship with sky dance.
This is according to reports from multiple news outlets, including wall street journalThe bid was first reported on Monday (August 19).
Bronfman’s proposal includes $2.4 billion Pay to Sally Redstoneof national entertainmentwhich controls Paramount Universal, and US$1.5 billion Injection into the company’s balance sheet to reduce debt and maintain investment grade status, deadline reported.
In addition, a $400 million According to reports, the breakup fee will be paid to Skydance…
5) About… Elliot Grainge, Major Labels, Superstars, and a New Era for Atlantic Music Group
Elliot GrangeApparently, youth does not hinder his trust in him Warner Music Group CEO Robert Kinkel and the board of directors of WMG, which announced the previous week that he would be atlantic music group October.
A 30-year-old AMG boss has significantly reduced the retro level of the heads of major American brands. Grange is half the age of some of his rivals.
Yes, there is a discussion to be had about Nebo babies. Then again, Grainge was sincere: WMG invested in Grainge’s at the time 10K projects As of September 2023, his independent label has racked up over 30 platinum-certified hits—from acts such as XXXTentacion, ice spice, John Diorand trippy red.
10K has since had success at WMG, e.g. Artemas (current Spotify Monthly listeners: 33.2 million) and Forrest Frank (5.9m)…
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