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From Hipgnosis Songs Fund’s monetary outcomes to HYBE’s Disney deal… it’s MBW’s Weekly Spherical-Up…

July 15, 2022
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From Hipgnosis Songs Fund’s monetary outcomes to HYBE’s Disney deal… it’s MBW’s Weekly Spherical-Up…
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Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be certain that you caught the 5 greatest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and scale back their touring prices.


This week, Hipgnosis Songs Fund (HSF) printed its full-year monetary outcomes for the 12 months to finish of March.

In keeping with an unbiased valuer quoted in HSF’s monetary filings (and as reported by MBW final yr), HSF’s portfolio of copyrights was price USD $2.55 billion on the finish of September 2021.

Six months later (as per HSF’s new annual report) and that very same unbiased valuer now says that – as of finish of March 2022 – Hipgnosis Songs Fund’s portfolio was price $2.69 billion.

In different phrases, over the course of six months, Hipgnosis grew in worth by $140 million. Apparently, this $140 million development was achieved by HSF with out shopping for a single catalog within the six months to finish of March.

Elsewhere this week, US-based social video firm Triller printed an open letter from its CEO Mahi de Silva, calling for “each American” to delete its rival TikTok.

Inside the letter, which echoes safety considerations in regards to the ByteDance-owned app, raised by officers within the US, Triller’s CEO claims that “there isn’t a doubt that TikTok performs a central position in enabling surveillance networks inside and outdoors China”.

The publication of Triller’s letter follows final month’s information that the corporate has filed to go public within the US on the NASDAQ.

In the meantime, talking of TikTok, this week, MBW requested how a lot TikTok really paid the music trade from its $Four billion in revenues final yr, and calculated that as a proportion of that complete 2021 turnover, the quantity TikTok is estimated to have paid recorded music rightsholders works out at 4.5%.

Additionally this week, Three Six Zero acquired the long-lasting SARM Music Village in London, whereas HYBE, the corporate behind Ok-pop stars BTS, struck a world content material cope with The Walt Disney Firm.

Right here’s what occurred this week.


1) Hipgnosis Songs Fund didn’t purchase a single catalog within the 6 months to finish of March. It nonetheless grew in worth by $140m.

Yesterday (July 14), Hipgnosis Songs Fund printed its full-year monetary outcomes for the 12 months to finish of March.

Earlier than we dig into that, and our headline above, the now-standard little bit of housekeeping:

  • Hipgnosis Songs Fund (HSF) is the publicly-traded UK fund that IPO’d on the London Inventory Trade in 2018;
  • Its funding advisor is Hipgnosis Track Administration (HSM), which is run by Merck Mercuriadis and his crew;
  • Blackstone final yr privately invested a billion US {dollars} in a brand new Hipgnosis fund, Hipgnosis Songs Capital (HSC), along with making an undisclosed funding in Hipgnosis Track Administration;
  • The latter firm (HSM) just isn’t solely tasked with discovering catalog acquisition alternatives for each HSF and HSC, but in addition with maximizing returns from their owned catalogs vis sync, advertising and marketing, streaming and so forth.

What was notably attention-grabbing about Hipgnosis Songs Fund (the UK-listed entity) within the second half of its newest fiscal yr? It didn’t spend a single penny on catalogs.


2) SO… HOW MUCH DID TIKTOK ACTUALLY PAY THE MUSIC INDUSTRY FROM ITS $4BN IN REVENUES LAST YEAR?

If you happen to listened to the MBW’s most up-to-date Speaking Tendencies podcast – and 1000’s of you have already got – you might have picked up on a very related knowledge level for the trendy music enterprise.

In keeping with MBW’s learn of Goldman Sachs‘ newest Music In The Air report, TikTok paid recorded music rightsholders (i.e. labels and artists) a grand complete of round $179 million in 2021.

Now. In keeping with Bloomberg, TikTok generated revenues approaching $Four billion globally in 2021. TikTok is anticipated to triple this determine to $12 billion in 2022.

As a proportion of that complete 2021 turnover, the quantity TikTok is estimated to have paid recorded music rightsholders ($179m) subsequently works out at 4.5%.


Shutterstock

3) TRILLER CALLS FOR ‘EVERY AMERICAN TO DELETE TIKTOK’

Every thing’s bought a bit cozy this summer time.

We haven’t had a correct public falling out within the music trade for a while now. However, up steps Triller.

This week, the US-based social video firm printed an open letter from its CEO Mahi de Silva, calling for “each American” to delete its rival TikTok.

The letter, wherein Triller’s CEO “calls for each American to delete TikTok right this moment and the US Authorities to take direct and overdue motion to ban TikTok”, echoes safety considerations raised by officers within the US.


4) THREE SIX ZERO ACQUIRES LONDON’S SARM STUDIOS FROM PRODUCER TREVOR HORN

International artist administration firm Three Six Zero has acquired the long-lasting SARM Music Village in London.

The recording facility, positioned in Notting Hill, West London, homes six studios (generally often called ‘SARM Studios’) and a set of purpose-built workplaces. It had been owned, till now, by Grammy-winning producer Trevor Horn.

SARM Music Village has hosted studio classes from famous person artists together with Paul McCartney, Rihanna, Dua Lipa, Madonna, One Route, Stormzy, Lana Del Rey, Paolo Nutini, Charli XCX, Mark Ronson, and Florence & The Machine.


5) HYBE STRIKES GLOBAL CONTENT DEAL WITH DISNEY, INCLUDING EXCLUSIVE SHOWS FROM BTS

The Walt Disney Firm Asia Pacific and Korean music large HYBE have signed a world content material deal.

The settlement contains the worldwide distribution of 5 main content material titles from HYBE, which embody two unique collection that includes the corporate’s flagship Ok-pop group, BTS.

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Within the press launch asserting its strategic collaboration with HYBE, Disney says that it’s going to introduce a collection of latest titles from HYBE over the subsequent few years, “because the leisure platform continues to provide high-quality content material primarily based on its music and artists’ IPs”.


MBW’s Weekly Spherical-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and scale back their touring prices.

 Music Enterprise Worldwide



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