New financial data and comments from Sir Lucian Grainge suggest that tension is mounting over TikTok’s payouts to the music industry
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Category archives: Analysis
From TikTok parent’s music streaming plans to Latin Music’s $510m US revenues in H1… it’s MBW’s Weekly Round-Up
Our biggest stories of the week, brought to you in association with Centtrip
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France’s record business grew 8.2% to €364m in H1, but growth slowed in the world’s fifth largest music market
France-based industry body SNEP publishes market’s H1 results
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‘Short-form video has changed the way music is performed, shared, and enjoyed. Competition for eyeballs is fierce.’
MBW’s World Leaders series interviews Sherry Tan, Managing Director of Warner Music China
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TikTok parent in talks with labels to launch music streaming service in 12+ new markets – report
Sony Music Entertainment recently refused to renew its licensing agreement with Resso, resulting in its catalog being pulled from the service in all three of its current territories
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African music service Mdundo’s monthly active users reach 21.5m, up 107% YoY
Mdundo has published its quarterly report for calendar Q3 2022
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Positive sign for music publishing’s health, as UK collection society PRS announces its biggest payout in 108 years
A GBP £211 million royalty distribution to PRS’s members represented an 18% year-over-year increase of £32.5 million, said the org
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With revenues of $510m in H1, Latin Music is still on course to generate $1bn dollars in the US this year
According to new mid-year data released by the RIAA, on a retail basis, Latin Music revenues grew 23% in the US in H1 2022
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Deezer targets annual revenues of €1bn by 2025
Streaming company details growth strategy at investor day in London
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From Primary Wave’s $2bn deal to the 100,000 tracks uploaded to streaming services each day… it’s MBW’s Weekly Round-Up
Our biggest stories of the week, brought to you in association with Centtrip
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