From Hipgnosis Songs Fund financial results to HYBE’s Disney deal… this is MBW’s weekly round-up… – Music Business Worldwide
Welcome to the worldwide music business [188 articles]” href=” Business Worldwide’s weekly round-up – where we make sure you’ve caught the five biggest stories that hit our headlines over the past seven days. MBW’s round-up is backed by Centtrip, which helps more than 500 of the world’s best-selling artists maximize their income and minimize their travel costs.
This week, Hypgnosis Songs Fund [234 articles]” href =” Song Fund (HSF) Published its full year financial results for the 12 months till the end of March.
According to an independent assessor cited in HSF’s financial filings (and as reported by MBW last year), the value of HSF’s portfolio of copyrights was USD $2.55 billion At the end of September 2021.
Six months later (according to HSF’s new annual report) and the same independent appraiser now says that – as of the end of March 2022 – the Hipgnosis Songs Fund’s portfolio was worth $2.69 billion,
In other words, over the course of six months, the value of hypnosis increased by $140 million, Interestingly, HSF achieved this growth of $140 million without buying a single catalog in the six months to the end of March.
Elsewhere this week, US-based social video company Triller [61 articles]”Href=” published an open letter from its CEO Mahi da Silva, calling on “every American” to remove its rival TikTok.
within the letter, which echoes the security concerns raised by officials in the US regarding ByteDance [106 articles]The CEO of the app, Triller, claims that “there is no doubt that TikTok plays a central role in enabling surveillance networks inside and outside China”.
The publication of Triller’s letter follows news last month that the company filed to go public in the US on the NASDAQ.
Speaking of TikTok this week, MBW asked how much TikTok actually paid out to the music industry from last year’s $4 billion in revenue. As a percentage of that total 2021 turnover, TikTok estimates the amount paid to recorded music rightsholders ($179m) Works at 4.5%.
Also this week, Three Six Zero acquired the iconic SARM Music Village in London, while HYBE, the company behind K-pop stars BTS, struck a global content deal with The Walt Disney Company.
Here’s what happened this week.
1) The Hypnosis Songs Fund hasn’t bought a single catalog in the 6 months to the end of March. It has still increased in value to $140m.
Tomorrow (July 14), Hypnosis Songs Fund [234 articles]” href=” Songs Fund published its full-year financial results for the 12 months to the end of March.
Before we dig into that, and our headline above, the now-standard bit of housekeeping:
- Hypnosis Songs Fund (HSF) is a publicly traded UK fund that was IPOed on the London Stock Exchange in 2018;
- its investment advisor Hypnosis Song Management (HSM)Joe Mercuriadis. is run by [141 articles]” href=” Mercuriadis and his team;
- Blackstone last year privately invested US$1 billion in a new Hipgnosis fund, Hypgnosis Songs Capital (HSC)Apart from making an undisclosed investment in Hypgnosis Song Management,
- the latter company (hsm) has been tasked with finding catalog acquisition opportunities not only for both HSF And hscBut with maximum returns from your owned catalog with sync, marketing, streaming etc.
what was particularly interesting about Hypgnosis Songs Fund (UK-listed entity) in the second half of its latest fiscal year? It didn’t cost a dime on the catalogue.
2) So… how much did TikTok actually pay the music industry out of its $4BN revenue last year?
If you’ve listened to MBW’s most recent Talking Trends podcast—and you already have thousands—you may have picked up a particularly relevant data point for the modern music business.
According to Goldman Sachs’ MBW reading [142 articles]”Href=” Saks’ latest Music in the Air report, TikTok paid recorded music rightsholders (ie labels and artists) totaling approximately $179 million in 2021.
now. According to Bloomberg, TikTok generated $4 billion in revenue globally in 2021. TikTok is expected to triple this figure to reach $12 billion in 2022.
As a percentage of that total 2021 turnover, TikTok estimates payments to recorded music rights holders ($179 million) therefore works out to 4.5%.
Shutterstock 3) Triller tells ‘every American to remove TikTok’
Everything has gotten a little cozy this summer.
We haven’t had a proper public decline in the music industry for some time now. But, step up Triller.
This week, the US-based social video company published an open letter from its CEO Mahi de Silva, calling on “every American” to remove its rival TikTok.
The letter, in which the CEO of Triller calls on “every American to remove TikTok today and the US government to take direct and overdue action to ban TikTok”, echoes security concerns raised by authorities in the US.
4) Three Six Zero acquires Sarm Studios in London from producer Trevor Horn
Global artist management company Three Six Zero has acquired the prestigious SARM Music Village in London.
The recording facility, located in Notting Hill, West London, consists of six studios (commonly referred to as ‘SARM Studios’) and a suite of purpose-built offices. It was until now owned by Grammy-winning producer Trevor Horn.
SARM Music Village has hosted studio sessions by superstar artists including Paul McCartney, Rihanna, Dua Lipa, Madonna, One Direction, Stormzy, Lana Del Rey, Paolo Nutini, Charli XCX, Mark Ronson and Florence and the Machine.
5) HYBE signs global content deal with DISNEY, including exclusive shows from BTS
The Walt Disney Company Asia Pacific and Korean music giant HYBE have signed a global content deal.
The agreement includes global distribution of five major content titles from HYBE, including two exclusive series featuring the company’s flagship K-pop conglomerate, BTS.
Announcing its strategic collaboration with HYBE in a press release, Disney says it will introduce a range of new titles from HYBE over the next few years, “as the entertainment platform delivers high-quality content based on the IP of its music and artists.” continues to produce the material.”
MBW’s weekly round-up is supported by Centtrip, which helps more than 500 of the world’s best-selling artists maximize their income and minimize their travel costs.
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