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New Post: Downtown Music Partners With Hook to Monetize Sped Up (or Slowed Down) Fan Remixes - https://lnkd.in/gHz3bcQP - Downtown Music has struck a deal with Hook, an AI social music app, which will pave the way for fans to create authorized remixes of the millions of licensed recordings in Downtown’s catalog. In a time when many of music’s biggest stars are releasing sped up or slowed down remixes of songs, and fans are taking to TikTok to post all kinds of musical mashups and edits, it’s clear that listeners want to do more than just play songs, they want to play with songs, but often these remixes are made without proper licenses or authorization in place. According to a recent study by Pex, nearly 40% of all the music used on TikTok is modified in some way, whether its pitch-altered, sped up, slowed down, or spliced together with another song. Hook hopes to create a legal, licensed environment for users to participate in this rapidly growing part of online music fandom. Related Don't Believe The Internet: Inside the Digital Agency Making Fan Fiction for Artists 08/21/2024 With Hook’s license in place, Downtown Music will receive financial compensation when their works are used in these user-generated content (UGC) remixes. Hook’s platform also gives Downtown’s artists and labels access to valuable data insights, showing them how and where their augmented music, created on Hook, is being used. Hook sees their AI-powered remix app as a viable new revenue source for artists and labels, allowing them to better capitalize on the fact that much of music culture and fandom has shifted from traditional streaming services and over to short-form apps like TikTok. Hook’s founder/CEO Guarav Sharma says, “we are challenging the idea that music on social media and UGC only provides promotional value. We believe fan remixing and UGC is a new form of active music consumption and rights holders should be paid for it. This deal represents a new model for music, social, and AI. The team at Downtown understands our mission and we’re humbled by their support.” Previous to Sharma founding Hook, he served as chief operating officer for JioSaavn, India’s largest music streaming platform and one of the first platforms to secure global streaming licenses with record labels. During his time at the company, Sharma and his team grew JioSaavn to more than 100 million active monthly users. Harmen Hemminga, vp of product & services strategy at Downtown Music, says of the deal, “Whilst music consumption continues to increase, broaden and localize, the trend of music “prosumption” on social platforms is ever

New Post: SiriusXM’s ‘Billboard Women of Pop Countdown’ Returns, Celebrating Over 50 Years of Chart Hits - https://lnkd.in/gt7v68hK - SiriusXM and Billboard are celebrating Women’s History Month with the Billboard Women of Pop Countdown. The Billboard Women of Pop Countdown premiered March 11 on SiriusXM’s channel 79, where it will run through March 17. It’s also available on-demand on the SiriusXM app. Related SiriusXM Stock Merger, Live Nation Analyst Upgrade Lead Billboard Global Music Index to… 03/12/2024 The feature, which first aired last year, spotlights the top songs by women from the start of the 1970s through — as newly updated — 2023, based on by performance on the Billboard Hot 100 chart and via Billboard’s Greatest of All Time chart methodology. (Channel 79 will count down 1,000 songs, while the top 100 will air on-demand on the SiriusXM app.) The Billboard Women of Pop Countdown spans classics from Olivia Newton-John to Olivia Rodrigo, “Kiss Me” to “Kiss Me More,” and Donna Summer to “Cruel Summer.” The feature is part of SiriusXM’s She’s Got the Mic campaign, in which, every March, SiriusXM and Pandora celebrate Women’s History Month, amplifying women’s achievements and cultural and historical contributions. (For those who aren’t SiriusXM subscribers, eligible customers can click here to sign up to get their first three months of SiriusXM streaming for free.) The Billboard Women of Pop Countdown marks the latest partnership between SiriusXM and Billboard. Recent airings include the Billboard Music Awards Channel, the Billboard #2 Countdown Channel and the Billboard Top 500 R&B Countdown. Additionally, SiriusXM’s Big 40 Countdown, on ’80s on 8, and the Back in the Day Replay, on ‘90s on 9, are based on historical weekly Hot 100 charts, with other current and classic charts counted down on channels including ’70s on 7, Prime Country and TikTok Radio. - #news #business #world -------------------------------------------------- Download: Stupid Simple CMS - https://lnkd.in/g4y9XFgR -------------------------------------------------- or download at SourceForge - https://lnkd.in/gNqB7dnp

Targeting Superfans in the #music industry. Insightful article via @TraceyBoles on creating value for these supercharged customer advocates. For example, singer Neil Young offers a tiered annual #subscription for add-ons like high definition #audio and early access to concert tickets. There is so much opportunity for more #creative #partnerships between artists and consumer companies from #hospitality to #financialservices like @Barclaycard

She got the song paid for through these product placements even before releasing it. It doesn’t matter if the song does well or not, she has covered her costs already and how. #madovermarketing #advertisingandmarketing #brands #business #strategy #parishilton #advertising #marketing #socialmedia #digitalmarketing #music #artists

New Post: In the Philippines, Christmas Season – and its Music – Starts in September - https://lnkd.in/gJRhx-UN - Imagine a land where it’s never cold but Christmas celebrations, and the holiday music associated with them, last for months. Such is life in the Philippines, where Christmas songs are played from Sept. 1 through the holiday itself, generating good cheer — and royalties for rightsholders — for almost a full third of the year. The global pattern of Christmas music consumption is that countries with colder weather start listening to it earlier, which generally translates into more streams, according to internal data from a major label shared with Billboard. The Philippines is the giant exception. The country, which has a population of 109 million — a bit less than a third that of the U.S. — was the sixth biggest market for holiday music for Spotify in 2021, according to the company, after the U.S., Germany, the U.K., Canada and Sweden. (This data is skewed by the popularity of Spotify itself in various markets, and it and YouTube are the dominant platforms in the Philippines.) It’s also Sony’s sixth biggest market for streaming holiday catalog music, according to that company. In general, the Philippines is the 32nd-biggest market for recorded music revenue, according to the trade organization International Federation of the Phonographic Industry (IFPI). One reason for the popularity of Christmas music in the Philippines is that it’s a predominantly Roman Catholic country — the only one in Asia — because it was ruled Spain from the 16th century to the end of the 19th century. Later U.S. rule brought English and an immersion in American pop culture. One popular saying has it that the country spent “300 years in a convent, 50 years in Hollywood.” The Christmas season traditionally starts in what Filipinos call the “ber” months — SeptemBER, OctoberBER and so on — when the weather turns a bit cooler and workers look forward to a bonus 13th month of pay. “There’s a stereotype that we can all sing, and we have a very communal culture,” says Victoria Maria Malong, Warner Music Philippines’ marketing & audience engagement director, domestic. “So we have lots of Christmas parties, with lots of food and singing — sometimes drunken singing.” The big Christmas hits in the Philippines are mostly the songs you would expect — there’s a lot of “lean-back listening,” driven by playlists, according to Sony. “In terms of Christmas songs, it’s mostly the same around the world,” says Enzo Valdez, managing director of UMG Philippines Inc. (Universal Music Group’s business there goes by that name, since there’s an independent label Universal Records in the country.) There’s one major exception, in the form of Jose Mari Chan, a performer, songwriter, and businessman known as the King of Philippine Christmas

New Post: Why Are IFPI & MIDiA’s 2023 Revenue Figures So Far Apart? The Answer Lies in ‘Expanded Rights’ - https://lnkd.in/g_89jjHN - The IFPI’s annual figure for global recorded music revenue, announced Thursday (Mar. 21) for 2023, is the gold standard for tracking the health of the music business. It’s the number most often cited in corporate reports, market research and media articles. It’s also a bit outdated.  Traditionally, record labels have sold and streamed music, secured synch licenses and collected performance and neighboring rights royalties. But a modern record label also collects expanded rights revenues — from multi-right, 360-degree recording contracts — by taking a share of artists’ income from merchandise, touring and branding, among other sources. Those expanded rights revenues aren’t part of the IFPI’s annual revenue tally, but MIDiA Research includes that — and more — in its annual estimate.   Related IFPI Global Report 2024: Music Revenues Climb 10% to $28.6 Billion 03/22/2024 MIDiA’s more fulsome figure for global recorded music revenue in 2023 was $35.1 billion, nearly 23% higher than the IFPI’s $28.6 billion. According to MIDiA, which tells Billboard its estimate came from publicly available information and interviews, expanded rights revenue totaled $3.5 billion in 2023.   Some expanded rights revenue is in plain sight. Universal Music Group, for example, took in 706 million euros ($764 million) of merchandising revenue from Bravado, its wholly owned merchandise company, in 2023. For other companies, expanded rights are harder to pin down. Warner Music Group had $744 million of artist services and expanded-rights revenue in 2023. WMG’s expanded rights includes merchandising, VIP ticketing, fan clubs, concert promotion and management, according to its latest quarterly report.     Neither global revenue figure is right or wrong; they’re just different. The IFPI’s revenue figures reflect how labels monetize the rights associated with master recordings through sales, streaming and licensing. MIDiA’s revenue figure acknowledges the role of record labels has expanded far beyond monetization of masters.   Even the term “expanded rights” is problematic because it suggests merchandise and branding isn’t central to a record label’s mission. That isn’t necessarily the case in 2024. Consider the wave of K-pop companies expanding globally out of South Korea. HYBE, home of boy band BTS, is a hybrid record label, talent agency and management company with a slow, painstaking artist development process and a business model that captures far more than recorded music sales. In 2023, 55% of HYBE’s revenue ca

New Post: Billboard’s 2024 Latin Power Players’ Choice: Vote for Music’s Most Impactful Executive - https://lnkd.in/ght3TftC - Billboard’s peer-voted Latin Power Players’ Choice Award is back for 2024 and asking music industry members from all sectors to honor the executive they believe had the most impact across the Latin music genre in the past year.  Voting is open to all Billboard Pro members, both existing and new, with one vote per member per round.  The Latin Power Players’ Choice Award will run alongside Billboard’s annual Latin Power Players ranking of the music industry’s most influential executives in the genre, which will be announced in September.  Vote here:  Take Our Survey The second round of voting is now open in order to narrow down the top 15 nominees into the final five top nominees. Semifinalist voting will conclude on Aug. 21 at 11:59 p.m. ET. The third round of voting will begin Aug. 22 to select the winner from the final five nominees. Voting will conclude on Sept. 4 at 11:59pm E.T.  Billboard launched its first Players’ Choice Award with the Power 100 list in January 2023, followed by the first Country Power Players’ Choice Award that concluded in June and the inaugural R&B/Hip-Hop Power Players’ Choice Award in August and the first Latin Power Players’ Choice Award in September, which was won by WK Entertainment founder/CEO Walter Kolm. In 2024, the peer-voted award expanded to also cover International Power Players and Top Music Lawyers. - #news #business #world -------------------------------------------------- #MagicTheGathering #macos #mac #tradingcardgame - SellingIt(.)org ---> https://sellingit.org

New Post: Tencent Music Shares Gain 16% on Earnings, Analyst Upgrades as Music Stocks Surge to New High - https://lnkd.in/gkYFQKP6 - Tencent Music Entertainment (TME) stock rose 15.7% to $15.43 after the release of its first-quarter earnings on Monday (May 13), which showed net profit rising 28% to $212 million as music subscription revenue surpassed $500 million and the company’s subscribers rose by 7 million to 113 million. Online music revenue climbed 43% to $693 million, helping offset a nearly 50% decrease in social entertainment revenues to $244 million. Numerous analysts upped their price targets for TME this week following the company’s earnings release. Jefferies raised TME to $15.40 from $12.00. Mizuho raised its price target to $15.00 from $13.00. HSBC also raised TME to $15.00 from $13.00.  Related Tencent Music Quarterly Profits Jump 28% on Growing Subscriber Base 05/13/2024 Another Chinese music streaming company, Cloud Music, jumped 11.7% to 105.00 HKD this week after it announced a licensing deal with Kakao Entertainment for distribution in China. Kakao has over 50 “star” artists and 70,000 tracks, according to a press release announcing the pact. Cloud Music has not announced a date for its first-quarter earnings release.  Shares of TME have risen 97.6% over the last 52 weeks and gained 71.3% in 2024. The company (which trades on the NYSE and Hong Kong Stock Exchange) and Cloud Music (which trades on the Hong Kong Stock Exchange) are part of an upswing in Chinese stocks in 2024. After falling in January, the Shanghai Composite Index is up 15.5% since Feb. 2 — far better than the gains of the FTSE 100 (10.6%), S&P 500 (7.0%) and Nasdaq composite (6.8%) over that period. TME has come a long way since being targeted by government regulators in 2021 for anticompetitive behavior. Its shares traded below $5 for much of 2022 and dropped as low as $3.14 in October of that year.  The 20-company Billboard Global Music Index rose 3.3% to a record 1,847.64, topping the previous high mark of 1,841.66 for the week ended April 5. While there were an equal number of winners and losers, the three top performers had double-digit gains — Cumulus Media was up 18% — while the worst-performing stock, Sphere Entertainment Co., fell 8.1%. Most of the index’s most valuable companies posted gains this week: Spotify increased 2.8% to $302.84, Universal Music Group rose 2.6% to 28.74 euros ($31.31) and Warner Music Group gained 1.3% to $32.04.  Music stocks bested numerous indexes. In the United States, the Nasdaq composite rose 2.1% to 16,685.97 and the S&P 500 gained 1.5% to 5,303.27. In the United Kingdom, the FTSE 100 declined 0.2%

New Post: With Major Label Deals Expiring, Will Beloved Alt Bands Go Indie Again? - https://lnkd.in/giuYNNgP - In the mid-2000s, indie rock was booming, and major labels swooped in to sign many of the genre’s biggest acts. Two decades later, MGMT, The Decemberists, Death Cab for Cutie and Modest Mouse, among others, have emerged from those deals into a wildly different music industry. For artists who are coming out of long contracts, “it’s a whole new era,” says Kirk Harding, a longtime manager and co-owner of label and management company Bad Habit.  Recording contracts changed drastically between 2004 and 2024. There is also a new set of players for artists to choose from — not just the major labels and prominent indies, but a number of distribution companies that offer some level of services. “You can cherry pick what you want to be in your contract to some degree,” says Scott Brooks, the longtime manager of The Flaming Lips, which is currently without a label contract after fulfilling their deal with Warner Records. (Paramore is also a free agent.) “If we end up signing,” Brooks adds, “it’ll be a different kind of record deal than what we would have signed even a decade ago.”  Related Paramore’s Atlantic Records Contract Is Up, Making the Band a Free Agent 03/22/2024 Throughout the 2000s and into the 2010s, the majority of major label acts signed low-royalty deals and typically gave up ownership of three to five albums for a long period (often forever). On top of that, many agreed to what are known as “360 deals,” in which the label also participates in income from merchandise, sponsorships, ticket sales and more.  In those days, labels could get these kinds of terms because it was difficult, if not impossible, for artists to get national exposure without a record company’s help. Now, artists can build a global presence before partnering with any label. That means they have the negotiating power to ask for, and sometimes receive, terms that would have been unthinkable just a few years ago. As a result, industry expectations around deal-making have shifted.   “I don’t think I’ve done a deal with anybody in the last few years where the artist hasn’t had at least 50% of the profit,” Harding says. “The new wars to wage are making sure that the deals and the reversions are short term, so that the artist can get through the deal and get back these new recordings quickly.” (If a band licenses its album to a label for 10 years, for example, after that time, the album reverts back to the band, usually conditional on recoupment of the deal.) Related

The Power of Music in Advertising