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From HYBE’s $1 billion in sales to Warner’s $750 million BlackRock fund: It’s MBW’s weekly recap

Welcome to Worldwide music businessweekly recap – where we’re sure you’ve caught the top five stories that will make our headlines over the past seven days. MBW’s round-up is powered by Centtriphelping more than 500 of the world’s best-selling artists maximize their income and reduce their touring expenses.


The global music business is rife with deals and dollar signs this week.

On Wednesday (February 23), we learned that Influencer Media Partners had formed an alliance with BlackRock and Warner Music Group to create a new music licensing platform… worth $750 million.

As the Wall Street Journal reports, $300 million has been deployed to date, across multiple categories of modern-day musicians/producers.

That wasn’t the only category acquisition news to hit MBW’s headlines this week.

Yesterday (February 24), Spirit Music Group announced that it has purchased the record catalog of multi-Platinum country superstar, Jason Aldean.

The acquisition covers 90% of Aldean’s recorded music catalog and also includes SoundExchange’s proximity rights and royalties.

MBW understands that Aldean is retaining the remaining 10% ownership in the portfolio and that the transaction costs Spirit more than $100 million.

BMG-owned Broken Bow Records was Jason Aldean’s record label for nearly two decades. Following the news of the acquisition of Spirit, BMG moved to clarify that Broken Bow will remain the home of the Aldean label until “at least 2030”.

Also this week, HYBE, the home of big stars BTS, surpassed the $1 billion mark in sales in 2021, marking the first time the company broke the billion-dollar annual revenue barrier.

In addition, the Brazilian competition watchdog approved Music by Sony$255 million acquired Som Livre (owner of Brazil’s largest domestic record label), while Mumford & Sons’ tvg music organization Ben Lovett closed a new $50 million funding round.

Here’s what happened in the music business this week…


1) BLACKROCK GROUPS HAVE ANNOUNCED NEW MUSIC BUYING FUND $750 million

Another week, another big money-making fund in the music business…but this fund comes with some interesting twists and turns.

Financial giant BlackRock (not to be confused with ) Hipgnosis-backing Blackstone) has co-invested with Warner Music Group in a new $750 million fund to buy a stake in the music rights.

According to the Wall Street Journal, the fund is being established in partnership with Influencer Media
Partners, the US-based company founded by Lylette Pizarro, has previously purchased the rights from musicians such as Julia Michaels and Ali Tamposi.

There’s no way to say this lightly: In its global portfolio, BlackRock currently has over $10 trillion (with a ‘t’) of assets under management…


2) CHILDREN GROUP SHOP MASTERS JASON ALDEAN WITH $100M + DEAL

Two weeks ago on MBW’s Talking Trends podcast, we predicted that country music – for a variety of reasons – could become a big noise in category acquisitions in 2022. That forecast just had a big step to come true.

Spirit Music Group today (February 24) announced the acquisition of the recorded music portfolio of multi-Platinum country superstar, Jason Aldean.

The acquisition covers 90% of Aldean’s catalog of recorded music and includes a total of nine albums, including twenty-four No.1 songs, thirty-four Top 10 songs and six RIAA certified Platinum album…


3) HYBE, THE HOME OF BTS, HAS BEEN MINED $1BN IN EXPOSURE IN 2021 – THE YEAR IT HAS REQUIRED SCOOTER BRAUN’S ITHACA STORAGE

HYBE just established the world’s 4th largest music copyright company?

The South Korean-headquartered company that started out as Big Hit – and is still the home of BTS – has posted record annual sales for 2021.

According to new investor filings, that revenue came in at 1.257 trillion Korean Won (KRW), up 58% year-on-year.

That KRW number translates to US$1.098 billion at the average annual exchange rate (IRS) – the first time HYBE has broken the billion dollar annual revenue barrier..


4) NOW SONY MUSIC CLEARLY RECEIVES FOR 255 MILLION DOLLARS OF SOM’S FEEDING IN BRAZIL

How much has passed a month? Sony Music Group.

At the beginning of February, the company’s parent company – Sony Corp – revealed that their global recorded music and music publishing units generated approximately $7.5 billion by 2021. By MBW’s calculations, that number has increased by no less than 1, $4 billion over the same period last year.

Two weeks later, the UK’s Competition and Markets Authority (CMA) gave the temporary green light to Sony’s $430 million acquisition of AWAL are from Kobalt music group.

Wednesday (February 23) brings even bigger news: MBW has confirmed that Brazil’s equivalent competition watchdog, CADE (Conselho Administrativo de Defesa Econômica), has approved Sony Music’s acquisition of Som Livre , owner of Brazil’s largest domestic record label…


5) BEN LOVETT’s TVG HOSPITAL MAKES $50 MILLION FROM INVESTORS INCLUDING IRVING AZOFF, CORAN CAPSHAW AND RYAN TEDDER

UK-born music venue developer and operator, hospitality tvg has raised $50 million in new funding, to expand its team and venue portfolio in the UK and across the globe. throughout the United States.

Tvg was founded by Ben Lovett of the British Grammy Award-winning band Mumford & Sons, along with his brother Greg Lovett, the former Chief Financial Officer at Soho House.

The company currently operates three locations in London, with “multiple” locations under development in the US, including the Orion Amphitheater in Huntsville, Alabama, opening May 2022…Worldwide music business

https://www.musicbusinessworldwide.com/from-hybes-1bn-revenues-to-warners-750m-blackrock-fund-its-mbws-weekly-round-up/ From HYBE’s $1 billion in sales to Warner’s $750 million BlackRock fund: It’s MBW’s weekly recap

Fry Electronics Team

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