From Unhealthy Bunny’s 18.5bn Spotify streams to Common obtaining a 49% stake in [PIAS]… it’s MBW’s Weekly Spherical-Up

Welcome to Track Trade International’s weekly round-up – the place we make sure that you stuck the 5 greatest tales to hit our headlines during the last seven days. MBW’s round-up is supported by way of Centtrip, which is helping over 500 of the arena’s best-selling artists maximise their source of revenue and scale back their traveling prices.

This week, Unhealthy Bunny was once named as Spotify‘s greatest world artist for the 3rd yr in a row.

His tune was once streamed over 18.5 billion occasions at the platform, which was once DOUBLE his movement depend at the carrier this yr vs. 2021.

Ultimate yr, Unhealthy Bunny won over 9.1 billion streams, attaining that tally with out even having launched an album in 2021.

In 2020, he had accomplished over 8.3 billion streams on Spotify by way of December 1.

Additionally this week, Common Track Crew bought a minority stake in unbiased tune corporate [PIAS] for an undisclosed sum.

The deal, which sees UMG achieve a 49% stake within the [PIAS] Crew, follows the formation of a strategic world alliance between the 2 firms in June 2021.

In the meantime, Video-sharing social networking carrier Triller, the US-based challenger to TikTok, says that it’s exploring revenue-share offers with main labels.

In step with a Triller spokesperson, the platform is lately “assessing” what it calls a “Spotify-like fashion”, which, they upload, would come with “a profit percentage as opposed to broad money bills as our agreements arise for renewal”.

Information of Triller’s rev-share plans arrives at the similar day (Friday, December 2) it was once reported that Triller has got rid of the catalogs for Warner Track Crew, Sony Track Leisure, and Common Track Crew, in addition to for Merlin, which represents outstanding unbiased labels and vendors.

Plus the United Kingdom festival watchdog discovered that main file labels don’t seem to be “making vital extra earnings which may be shared with creators”, whilst tune audio streams crossed the 1 trillion mark for the primary time ever in one yr in the United States in 2022.

Right here’s what took place this week.

1) IN 2021, BAD BUNNY WAS THE WORLD’S BIGGEST ARTIST ON SPOTIFY WITH 9BN STREAMS. THIS YEAR, HE DOUBLED THAT TALLY.

Spotify introduced on Wednesday (November 30) that Unhealthy Bunny has grow to be the carrier’s greatest world artist for the 3rd yr in a row, after his tune was once streamed over 18.5 billion occasions at the platform.

However that 2022 quantity is much more knock-out than it will first sound – since the unbiased Puerto Rican famous person in truth controlled to DOUBLE his movement depend at the carrier this yr vs. 2021.

Ultimate yr, Unhealthy Bunny won over 9.1 billion streams, attaining that tally with out even having launched an album in 2021…

2) [PIAS] FOUNDERS EXPLAIN WHY THEY SOLD 49% OF THEIR COMPANY TO UMG: ‘THE BATTLE LINES IN OUR INDUSTRY HAVE BEEN REDRAWN.’

Impartial tune massive [PIAS] printed on Wednesday (November 30), that Common Track Crew has made a minority funding within the corporate.

The deal, which sees UMG achieve a 49% stake within the [PIAS] Crew for an undisclosed sum, follows the formation of a strategic world alliance between the 2 firms in June 2021.

In a letter despatched to [PIAS]’s companions on Tuesday (November 29), the day earlier than the deal was once introduced, the indie company’s founders, Kenny Gates and Michel Lambot, defined the background and reasoning at the back of their resolution to strike the maintain UMG…

3) NOW TRILLER SAYS IT’S EXPLORING REVENUE SHARE DEALS WITH MAJOR LABELS (WHILE BEING SUED BY SONY)

Video-sharing social networking carrier Triller, the US-based challenger to TikTok, says that it’s exploring profit percentage offers with main labels.

In step with a Triller spokesperson, the platform is lately “assessing” what it calls a “Spotify-like fashion”, which, they upload, would come with “a profit percentage as opposed to broad money bills as our agreements arise for renewal”.

This sort of transfer from Triller would practice an identical steps taken by way of the likes of Meta, which introduced a ‘revenue-share’ fashion for user-generated video content material again in July.

In the meantime, Bloomberg not too long ago reported that the 3 majors are lately asking Triller rival TikTok for a percentage of promoting revenues generated on its platform of their deal negotiations.

Information of Triller’s rev-share plans arrives at the similar day (Friday, December 2) it was once reported that Triller has got rid of the catalogs for Warner Track Crew, Sony Track Leisure, and Common Track Crew, in addition to for Merlin, which represents outstanding unbiased labels and vendors.

4) UK COMPETITION WATCHDOG FINDS MAJOR RECORD LABELS ARE NOT ‘MAKING SIGNIFICANT EXCESS PROFITS THAT COULD BE SHARED WITH CREATORS’

It was once a probe into the tune trade that, for a excellent second, had the key file firms rattled.

However finally, following an intensive find out about of the native tune marketplace, the United Kingdom’s main regulatory festival watchdog has concluded that large-scale file labels are “[not] more likely to be making vital extra earnings which may be shared with creators…”

5) MUSIC AUDIO STREAMS JUST CROSSED THE 1 TRILLION MARK FOR THE FIRST TIME EVER IN A SINGLE YEAR IN THE US

Track audio streams in the United States simply crossed the only trillion mark for the primary time ever in one yr.

That’s in keeping with US marketplace observe Luminate (previously MRC Information / Nielsen Track), which printed that the 1 trillion mark was once crossed in the United States on Saturday (November 26).

That 1 trillion determine grew by way of 11.9 billion in comparison to 2021, when the full-year tally for tune audio streams in the United States was once 988.1 billion, in keeping with Luminate knowledge…

MBW’s Weekly Spherical-Up is supported by way of Centtrip, which is helping over 500 of the arena’s best-selling artists maximise their source of revenue and scale back their traveling prices.

Track Trade International