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From Sony's nine-figure label buy to Songtradr's $50m fund raise: It's MBW's Weekly Round-Up

From Sony's nine-figure label buy to Songtradr's $50m fund raise: It's MBW's Weekly Round-Up
musicbusinessworldwide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from musicbusinessworldwide.com Daily Mail and Mail on Sunday newspapers.

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Universal Music's SPAC Deal Gives It Armor - and a Potential Weak Spot

Universal Music's SPAC Deal Gives It Armor - and a Potential Weak Spot
lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.

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Universal Music's SPAC Deal Gives It Armor -- and a Potential Weak Spot

Universal Music's SPAC Deal Gives It Armor -- and a Potential Weak Spot
rollingstone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rollingstone.com Daily Mail and Mail on Sunday newspapers.

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From Sony's big spending to BTS streams on Spotify: It's MBW's Weekly Round-Up

From Sony’s big spending to BTS streams on Spotify: It’s MBW’s Weekly Round-Up
May 28, 2021
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs.
How hot is the music rights business as a market right now?
The empirical answer to this question was revealed this week by Sony Music Group boss Rob Stringer.
During a speech to Sony investors, the British exec noted that, according to his team’s estimates, the music industry saw over $7 billion of merger and acquisition activity in the first four months of 2021 alone.

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Sony Music's spent $1.4bn on acquisitions in the last six months… and Rob Stringer's not stopping there

Music Business Worldwide
May 27, 2021
Sony Music Group Chairman, Rob Stringer
Last month MBW estimated that Sony Music Group (SMG) had spent around $1 billion dollars on three recent music deals.
Those deals included the $430m acquisition of AWAL and Kobalt Neighbouring Rights, the $255m acquisition of Brazilian label Som Livre, and Sony Music Publishing’s buyout of Paul Simon’s song catalog for an undisclosed (but definite nine-figure) sum.
Now we know
exactly how much Sony spent on music acquisitions in the last six months (on the aforementioned and other deals): $1.4 billion. And according to SMG Chairman Rob Stringer, there’ll be more on the way.

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Revealed: Billboard's 2021 International Power Players

Revealed: Billboard's 2021 International Power Players
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Sony Music is buying Som Livre, Brazil's biggest homegrown record label, for $255m

Music Business Worldwide
April 1, 2021
Som Livre artist, Marilia Mendonça, has over 13 billion views of her channel on YouTube
We told you so. Last month, MBW predicted that Som Livre, owner of the biggest domestic-born record label in Brazil, was set to be acquired by a major music company.
Our sources informed us the price of the deal would likely land somewhere around $250 million to $300 million, and that all three majors had kicked the tires of the firm.
Now we know who got it: Sony Music Entertainment has today (April 1) confirmed that it has agreed a deal to acquire Som Livre for an as-yet-undisclosed fee.

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Som Livre: Sony Music Buys Brazilian Indie Label

Marcelo Soares will stay on as CEO of Som Livre, which he has run since 2007.
Founded in 1969 by music producer
João Araújo, Som Livre initially focused on releasing soundtracks for Globo’s soap operas and continued to specialize in compilations. A decade ago, the label shifted its strategy to developing and managing artists and became the largest producer of music in Brazil, where local music represents almost 70% of total consumption.
Today, the label is home to more than 80 artists, including massive sertanejo act Jorge & Mateus, forró star Wesley Safadão and Latin Grammy-nominated singer-songwriter
Maria Gadú. Som Livre artists had five out of the top 10 songs in Brazil in 2020, according to the IFPI 2021 Global Music Report. They included

Portugal , United-states , Brazil , Brazilian , Portuguese , America , Wesley-safad , Roberto-carlos , Jorge-mateus , Marcelo-soares , Grupo-globo , Juliano-liberdade-provis

From Scooter Braun's billion-dollar deal to Apple's backing of UnitedMasters: It's MBW's Weekly Round-up

From Scooter Braun's billion-dollar deal to Apple's backing of UnitedMasters: It's MBW's Weekly Round-up
musicbusinessworldwide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from musicbusinessworldwide.com Daily Mail and Mail on Sunday newspapers.

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Sony Music Acquires Top Brazilian Indie Label Som Livre

Sony Music Acquires Top Brazilian Indie Label Som Livre
billboard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from billboard.com Daily Mail and Mail on Sunday newspapers.

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