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MBW’s Weekly Roundup: Vivendi, Beach Boys, Big Hit x UMG, Warner x Rotana, MLC – Music Business Worldwide

Welcome to Music Business Worldwide’s weekly spherical-up – the place we be certain that you caught the 5 largest tales to hit our headlines over the previous seven days. MBW’s spherical-up is supported by Centtrip, which helps over 500 of the world’s greatest-promoting artists maximise their earnings and scale back their touring prices.


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This week, Universal Music Group father or mother Vivendi confirmed it’s inspecting a proposal to spin 60% of the music firm out from the French firm’s company possession, and for UMG to begin buying and selling on the Euronext Amsterdam inventory trade by the tip of 2021.

Meanwhile, Irving Azoff’s Iconic Artists Group has acquired a controlling stake in The Beach Boys’ mental property in what appears to be like more likely to be a $100m-plus deal.

Elsewhere, UMG and Korea’s Big Hit Entertainment introduced particulars of a “history making project” that may see the 2 firms collectively assemble and debut a brand new Okay-pop boy band.

Also, Warner Music Group (WMG) has made an funding in Saudi Arabia’s Rotana Group-owned Rotana Music – claimed to be the biggest document label within the Middle East – in a deal believed to be an eight-determine acquisition for a minority stake.

And, a whole of 20 DSPs, together with Spotify, Apple and Amazon have transferred a mixed $424.38 million in accrued historic unmatched royalties to The Mechanical Licensing Collective (MLC).


1) Confirmed: Universal Music Group set to go public on Euronext Amsterdam inventory trade this yr

Looks like Universal Music Group goes public this yr – in Amsterdam.

UMG father or mother Vivendi has confirmed it’s inspecting a proposal to spin 60% of the music firm out from the French firm’s company possession, and for UMG to begin buying and selling on the Euronext Amsterdam inventory trade by the tip of 2021.

Arnaud de Puyfontaine and Yannick Bolloré (Vivendi’s CEO and the Chairman of its Supervisory Board, respectively), knowledgeable their colleagues of the news on Saturday morning (February 13).

A brand new Vivendi investor launch reveals additional particulars, noting that following the latest sale of UMG fairness to a Tencent-led consortium for a €30 billion enterprise worth, Vivendi has seen “interests expressed by other investors at potentially higher prices” for stakes in Universal.

Vivendi confirms that its administration board is now contemplating “a distribution of 60% of UMG’s share capital to Vivendi shareholders” by way of a “special dividend”…


2) IRVING AZOFF BUYS BEACH BOYS RIGHTS IN WHAT LOOKS LIKELY TO BE A $100M-PLUS DEAL

Irving Azoff’s Iconic Artists Group has acquired a controlling stake in The Beach Boys’ mental property, together with the band’s sound recordings, model, choose musical compositions, and memorabilia.

According to a press launch, The Beach Boys and their heirs will retain an curiosity of their belongings “to participate in the upside Iconic expects to create by actively marketing and promoting” the band.

However, a lot of the band’s evergreen Nineteen Sixties-period catalog stays owned by Universal Music Group, which acquired Beach Boys recordings by way of the $1.9bn buyout of EMI Music in 2012.

Universal’s Bruce Resnikoff informed Rolling Stone: “We have the original recordings, and we have the publishing, but our ability to do the most with this band relies on the ability to work with the band. Iconic will represent the band in a way that will only enhance, I think, the value for everybody…


3) BIG HIT AND UNIVERSAL ‘REWRITE GLOBAL MUSIC HISTORY’ WITH JOINT K-POP LABEL, EXPANDED PARTNERSHIP

Universal Music Group and Korea’s Big Hit Entertainment have announced details of a “history making project” that may see the 2 firms collectively assemble and debut a brand new Okay-pop boy band.

The as-but-undiscovered group’s music might be launched beneath a brand new Los Angeles-based three way partnership document label created by Big Hit in partnership with UMG and the latter firm’s Geffen Records.

UMG boss Sir Lucian Grainge says the mission will “further accelerate K-pop as a global cultural phenomenon”.

Members of the Okay-pop group might be chosen by a worldwide audition program which, in accordance with Universal and Big Hit, is on observe to start in 2022 and might be launched together with a serious US media associate…


4) WARNER MUSIC GROUP BUYS MINORITY STAKE IN SAUDI ARABIA’S ROTANA MUSIC

Warner Music Group (WMG) has made an funding in Saudi Arabia’s Rotana Group-owned Rotana Music, which is claimed to be the biggest document label within the Middle East.

The deal – believed to be an eight-determine acquisition for a minority stake – will increase WMG’s presence within the Middle East and North African (MENA) area.

Last month, citing folks aware of the matter, the Wall Street Journal reported that WMG was near sealing a deal for a minority stake in Rotana Music that might worth the Saudi firm “at close to $200 million”…


Photo Credit: Giorgio Trovato

5) SPOTIFY, APPLE AND OTHERS PAY $424.38M IN HISTORICAL UNMATCHED ROYALTIES TO MECHANICAL LICENSING COLLECTIVE

A complete of 20 DSPs have transferred a mixed $424.38 million in accrued historic unmatched royalties to The Mechanical Licensing Collective (MLC) as required to ensure that them to hunt the Music Modernization Act’s (MMA) limitation on legal responsibility for previous infringement.

Those DSPs, together with Spotify, Apple Music, Amazon, SoundCloud and others, additionally delivered greater than 1,800 knowledge recordsdata, which comprise in extra of 1.3 terabytes and 9 billion traces of knowledge.

Of that $424.38m, $163.3m was acquired from Apple, $152.2m from Spotify, whereas Amazon and Google transferred $42.7m and $32.8m, respectively…


Welcome to Music Business Worldwide’s weekly spherical-up – the place we be sure to caught the 5 largest tales to hit our headlines over the previous seven days. MBW’s spherical-up is supported by Centtrip, which helps over 500 of the world’s greatest-promoting artists maximise their earnings and scale back their touring prices.Music Business Worldwide

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