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...Sales and profits which declined sharply during this period, have bounced back strongly since then....
...Swift’s 2022 album, Midnights, sold 1.8mn physical copies in the US that year so represented 1.8 per cent of that year’s physical music media sales, BofA says, citing Luminate data....
...Universal Music, which distributes Swift’s music and receives a percentage of her album sales, reported €1.3bn in net income on €11.1bn in revenue last year....
...Musicians retain control over the copyright to their music, unlike traditional labels, while paying Believe a share out of their sales....
...The company’s board is close to announcing the result of a strategic review, which is looking at a range of options for the future of the group including a wind-down and sale of its assets....
...Hipgnosis was founded by music executive Merck Mercuriadis in 2018 to turn music rights into a mainstream asset class, using the rising royalties from streaming, radio play and performances to provide income...
...It has so far not disclosed sales or user figures for Copilot, which is priced at $30 per user a month for businesses....
...The company’s board, which was revamped last year to oversee a strategic review that could lead to the sale of the group, had asked a new adviser to value a music rights portfolio that includes music by...
...And similar to Drake, Wallen’s success is owed almost entirely to streaming — an unusual feat in country music, which has long been dominated by traditional radio and physical album sales....
...Swift, whose sales made up an estimated 2 per cent of the entire US music business last year, bigger than the entire genre of jazz or classical music, was crowned the industry’s most powerful person by Billboard...
...An unexpected resurgence in global hybrid cars is pushing sales to record highs. That gives it more resources to catch up on electric offerings, with strong hybrid sales bridging the transition....
...… When it comes to influencing our drinks choices, what we see in films and hear in music are important parameters Let’s . . . accept that, and also accept with inhibitions the premise that rap music is...
...Challenged by shrinking CD sales and online piracy, Sony had merged with BMG Music, then owned by Germany’s Bertelsmann, in 2004, leaving the two management teams almost immediately in conflict....
...In total, the BPI measured 179.6bn streams in the UK, a figure that has doubled in the past five years and that shows the financial reliance of many of the world’s leading music labels on digital sales....
...Digital music sales at Universal Music Group also slowed last year to 4.5 per cent, according to Visible Alpha, but from a much larger base....
...Shareholders last year voted against the continuance of the company, sparking a strategic review by a new board and ultimately a sale process....
...Music rights yield an income stream based on streaming revenues and record sales, but investors can also push up values through licensing deals for movies and TV shows....
...But the combination of surprisingly strong economic growth, the prospect of central bank rate cuts, and a broadening stock market rally higher keeps improving the mood music....
...Smaller linear channels that “no longer deliver revenues or public value at scale”, including its music video channels in 2024, will be closed....
...It seems to work: the sale, which included paintings by Rashid Johnson, Reggie Burrows Hodges and Jennifer Guidi, brings in $2.5mn....
...Music rights are not straightforward to price. Combine record sales, radio play, tour income, streaming and media use, and songs can make millions of dollars....
...Ticket scams are a type of purchase fraud that often trick victims into buying fake or non-existent items for sale on social media and online marketplaces....
...That tune became the second cut on Mingus Ah Um, an album that its producer feared was “too far ahead of the consumer” such were its weak initial sales, but which went on to become Mingus’s best-selling...
...And: European telecoms group Lebara is examining a possible sale or initial public offering after emerging as a winner from the cost of living crisis....
...Her music sales amount to that of a decent-sized record label, taking up nearly 2 per cent of the album consumption of the entire business....
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