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...So you start looking for non-organic growth,” said Midia analyst Mark Mulligan. Deezer’s Folgueira said the changes were meant to help artists who wanted to make a living from music....
...“Everyone seems to agree that the current streaming model is not working,” said Tatiana Cirisano, analyst at Midia Research, pointing to years of complaints from the independent music community....
...“There’s no doubt that superstars are getting smaller and will continue to get smaller,” said Midia analyst Mark Mulligan, who expected “some recalibration” among record labels as a result....
...Research group MIDIA estimated its share last year at 1.5 per cent. Spotify dominates with a 30-plus per cent share of the market. Apple, Tencent Music and Amazon each have more than 13 per cent....
...In 2022, the major labels’ streaming revenue was up only 5 per cent from the year before, reaching $13.2bn, according to Midia....
...“When Tempo and Providence went in, interest rates were historically low, so all of their calculations around returns were based upon those rates,” said Mark Mulligan, analyst at Midia Research....
...“Fandom is more and more important for live music,” says Kriss Thakrar of Midia Research. Many concertgoers now say they are willing to dash expensively to another city to see a favourite act....
...YouTube Music was “becoming to Gen Z what Spotify was to millennials half a decade ago”, said Mark Mulligan from Midia Research, an industry consultancy....
...“The music industry’s disruption has only had one chapter,” says Mark Mulligan, analyst at consultancy Midia. “There’s more to come.” anna.nicolaou@ft.com...
...Such deals were worth $5.3bn last year, according to Midia Research....
...Apple Music has not reported its subscriber count in years, but Midia analysts in January estimated it commanded about 15 per cent of the market, while Spotify held 31 per cent....
...Demand for music designed not to be noticed is on the rise among both businesses and consumers, says Mark Mulligan, analyst at Midia Research....
...Music catalogue dealmaking ballooned to $1.9bn in 2020, then to $5.3bn in 2021, says Midia....
...Cinemas will become a high end experience for tent-pole releases, argues Tim Mulligan of Midia Research....
...Deezer last year made up about 2 per cent of global music streaming subscribers, compared to Spotify’s 31 per cent, Apple’s 15 per cent and Amazon’s 13 per cent, according to research group Midia....
...“[Amazon HD] is pretty much the only lever the record labels have at the moment to increase prices,” said Mark Mulligan, analyst at Midia Research....
...Rock music made up 37 per cent of artist and songwriter catalogue deals last year, while pop took up 25 per cent, according to research group Midia....
...said Mark Mulligan, analyst at Midia Research....
...“Streaming has not only increased but it has also been maintained following lockdown,” said Tim Mulligan, research director at MIDiA Research....
...But regulation needs to be fit for purpose,” said Tim Mulligan, lead video analyst at digital media research company Midia Research....
...Mark Mulligan, an analyst at Midia Research, said investors were betting that Universal will benefit from recent deals it struck to license its catalogue to new types of customers such as social networks...
...Netflix is already “really popular” among gamers, said Karol Severin, analyst at Midia Research....
...Now, the music industry is making $2bn a year from social, fitness and gaming royalties, estimates Mark Mulligan, analyst at Midia, and that is only expected to rise....
...Universal, home to acts including Kanye West and Lady Gaga, commands an almost 30 per cent share of the market, according to Midia Research estimates....
...Universal, home to acts including The Beatles, Drake and Taylor Swift, is the world’s largest record label, commanding an almost 30 per cent share of the market, according to Midia Research estimates....
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