‘The main issue we have as an industry is lack of economic inclusion for black people.’

British artist manager Allan Siema discusses empirical data that shows non-white individuals still dominate the UK music industry workforce
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Hipgnosis, with a catalog worth nearly $1bn, is becoming less reliant on songs from the past decade

New trading update from Merck Mercuriadis’ company reveals much about its performance in the past year
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‘This awareness of racism in the industry should not last for one day, or one week, or one year. This should last forever.’

Keith Harris OBE on ‘Black Out Tuesday’ and the importance of fighting racial inequality in business
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Stat Of The Week: TikTok owner Bytedance generated over $17bn in 2019 – more than YouTube made from ads

Bytedance generated around $47m every day last year. Should Alphabet be worried?
The post Stat Of The Week: TikTok owner Bytedance generated over $17bn in 2019 – more than YouTube made from ads appeared first on Music Business Worldwide.

Is Len Blavatnik about to complete the shrewdest deal in the history of the record business?

The case for Len Blavatnik having made the smartest acquisitive move in record industry history
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Spotify’s $100m+ Joe Rogan deal redefines its podcast strategy. Songwriters and record labels should be watching closely.

Why Spotify’s big money buys might concern music’s most powerful rightsholders
The post Spotify’s $100m+ Joe Rogan deal redefines its podcast strategy. Songwriters and record labels should be watching closely. appeared first on Music Business Wor…

Goldman Sachs just cut its 2020 paid music streaming revenue forecast by $2.2bn… but the future still looks bright

Adjustments to the financial giant’s forecasts say much about the future of the music business at large
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Another billion-dollar quarter for Sony Music, as streaming revenues jump 27.4% year-on-year

Recorded music revenues rose 13.5% YoY in the quarter
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