Business
Warner Music Group stock slides 9.7% in two days as Bank Of America cuts rating… but WMG is still worth over $25bn
Gwendolyn - 0
You know what was particularly significant about Warner Music Group‘s calendar Q3 / fiscal Q4 results, announced yesterday (November 15)?
They covered a quarter (July-September 2021) that arrived a full 10 years after Len Blavatnik’s Access Industries acquired the major music company for $3.3 billion (in July 2011).
Comparing Warner then to Warner now is a fun exercise: for example, at...
Business
‘The music industry can feel like playing the lottery for musicians. But those building communities on Twitch are getting rewarded.’
Gwendolyn - 0
It’s no secret that some Twitch streamers are making a lot of money on the platform.
This was highlighted, albeit unscrupulously, by alleged hackers last month when a list revealing those Twitch creators earning millions of dollars leaked on a 125 gigabyte torrent file.
The platform’s revenue-generating potential for musicians specifically was made clear back in April by Twitch itself.
Twitch teamed up...
Earlier this year, Dallas-based investment firm Outlander Fund and Netherlands-based CTM BV launched a strategic alliance to acquire music publishing and master rights.
The new venture, CTM Outlander Music LP, said that its ambition is to invest $1 billion in copyrights over the next five years.
Today (November 16), CTM Outlander has announced that it is buying what it says is the “music...
Business
Curve Royalty Systems launches into the US, names Sam Spainhower as head of operations in the market
Gwendolyn - 0
Curve Royalty Systems, a London-based music technology company, is expanding into the US with a new office in Los Angeles, which will serve as a base for its roster of clients.
Curve Royalty Systems was launched in 2019 by former ADA/Warner, Cooking Vinyl and Essential Music executives, Richard Leach, Ray Bush and Tom Allen.
The company has also appointed Sam Spainhower,...