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From Sony’s $1 billion Epic Games deal to Deezer’s IPO talks, it’s MBW’s weekly roundup

Welcome to Music Business Worldwide’s weekly roundup – in which we’re making sure you catch the five biggest stories to make our headlines over the last seven days. MBW’s synopsis is powered by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce touring costs.

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This week, Fortnite creators epos games Raised $2 billion out of Sony group company (sony music‘s parent company) and KIRKBI, the holding company behind the LEGO Group.

Epic Games says this latest agreement gives it one $31.5 billion Equity assessment after the investment.

Sony’s contribution to the funding round was 1 billion dollarswhich means his investment has bought him an extra share worth about 3.2% by epic.

For Sony’s three investments in Epic over the past three years ($250 million in 2020; $200 million in 2021; $1 billion in 2022), the company has a total of $1.45 billion – Dollars spent.

As a result, today Sony owns approximately 5.4% in the interactive entertainment company.

Also this week new data was published in a RIAA report shows that Latin music grossed $886.1 million in retail sales in the United States in 2021.

That $886.1 million was more than a third (+35.4%) higher than Latin American music revenue in the US last year.

MBW forecasts that record music market revenue for Latin American artists in the US will surpass $1 billion in the 12 months of 2022.

Elsewhere, music streaming service Deezer is reportedly close to a deal to go public through a merger with a Paris-based SPAC called I2PO – which has around $325 million in capital.

That Wall Street Journal reports that Deezer and I2PO are close to agreeing a deal to take Deezer public.

Also, Universal Music Publishing Group inked an exclusive global deal to represent Elvis Presley’s song catalogue, while MBW took our readers through a mechanical royalty battle now raging in the US.

Here’s what happened this week:


1) Sony spends $1 billion to buy another 3% stake in Epic Games to help “build the Metaverse.”

The relationship between Sony and Epic Games is getting even closer.

Last year, Sony Group Corporation — the parent company of Sony Music Group — spent $200 million to acquire a 0.7% stake in the games company that makes Fortnite (now owned by BandCamp).

That investment followed a larger stake purchase in 2020, when Sony spent $250 million to acquire equity in Epic, worth about 1.5% of its business.

Now for some more big news, today (April 11) Epic Games confirmed that Sony has agreed to spend $1 billion to acquire an additional stake in its company….


2) JUDGES IN THE US HAVE INDICATED THAT THE MECHANICAL FEES PAID TO PUBLISHERS AND SONGWRITER FOR VINYL SALES SHOULD INCREASE. BIG LABEL LAWYERS HAVE EXCELLENT.

It is a process full of legal language – to the point of boredom.

But there’s a very important debate going on in the US right now about certain types of mechanical royalties paid to songwriters, and you need to know about it.

That’s partly because it’s pretty fascinating stuff, and partly because it hits some delicate spots in the balance of power that dominates the modern music industry.

Don’t worry: you don’t have to dig through all the paperwork; MBW has done that for you. (So. Lots. Paperwork.)

But trust us, there are some surprising nuggets in this story…


3) Latin American music is projected to gross over $1 billion in the US in 2022

We’ll mention this early: MBW today forecasts that the recorded music market for Latin American artists in the United States will generate revenue of more than $1 billion in the 12 months of 2022.

We’re bullish on that forecast as new data was released today (April 12) in a report by the RIAA showing that Latin music grossed $886.1 million in the United States on a retail basis in 2021.

That $886.1 million was more than a third (+35.4%) higher than Latin American music revenue in the US last year.


4) SEVEN YEARS AFTER THE FALL OF ITS IPO, DEEZER IS IN TALKS TO GO BACK TO THE PUBLIC – VIA A SPAC

According to Wall Street Journal sources, Deezer is currently close to a deal to go public through a merger with a Special Purpose Acquisition Company (SPAC).

Who is this SPAC? They will certainly be familiar to MBW readers.

Last summer we told you about a new SPAC based in Paris – I2PO – which had around $325 million in capital and was backed by the holding company of the billionaire Pinault family.


5) Universal represents the Elvis Presley publishing catalog through a global agreement with Authentic Brands Group

Universal Music Publishing Group (UMPG) has signed an exclusive worldwide deal with Authentic Brands Group, owner of Elvis Presley Enterprises, to represent Elvis Presley’s historical catalog of songs.

The agreement builds on the existing relationship between Universal Music and ABG.

In November 2021, Universal Music Group and ABG launched a strategic initiative to acquire and actively manage artist brands…


MBW’s Weekly Round-Up is powered by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce touring costs.music business worldwide

https://www.musicbusinessworldwide.com/from-sonys-1bn-epic-games-deal-to-deezers-ipo-talks-its-mbws-weekly-round-up/ From Sony’s $1 billion Epic Games deal to Deezer’s IPO talks, it’s MBW’s weekly roundup

Fry Electronics Team

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