Top news of the week: 12.01.2023.
Sir Lucian Grainge: Music needs a new streaming payout model… and we’re working on it.
Universal boss takes aim at streaming models that he says are being gamed by 'bad actors'
Lucian Grainge Calls For ‘Updated Model’ For Music Industry: Read His Memo to UMG Staff
In his annual New Year’s letter to Universal employees, Grainge highlighted the company’s successes but also called for change in an era of “bad actors.”
As New Threats Arise, The Music Community Must Continue Standing Together in 2023 (Guest Column)
From emerging challenges like artificial intelligence to new forms of piracy, it’s more important than ever for all stakeholders in the business to present a united front.
The Ledger: Music Companies Grew Revenues in 2022 – But Their Stock Prices Went in the Opposite Direction
Even as business boomed amid global streaming growth and the widespread return of live shows, the value of 20 companies on the Billboard Global Music Index fell 36.4% last year.
Dr. Dre Selling Music Assets to Universal Music and Shamrock
The combined deals, estimated at around $200 million total, marks an acceleration of a run on hip-hop assets.
‘Being a publisher in 2023 is so different to what it was previously — you can’t just sit there and hope the song’s value will be appreciated, you’ve got to do the work.’
MBW's Inspiring Women series interviews Warner Chappell Music COO and Co-Chair Carianne Marshall…
As China Eases ‘Zero-COVID’ Policies, Live Music Recovery Expected to Focus on Domestic Artists
Even before the pandemic, permitting rules kept Western acts away from China — The Chainsmokers and Westlife were among the last to play there — and the trend is expected to continue.
UK figures reveal 3% growth in recorded-music consumer spending
We take a look at how the data break down, how they compare to previous years, and how music compares to games and video.