Home Business News From Flo Rida’s $82.6m authorized victory, to the landmark streaming fraud investigation in France… it’s MBW’s Weekly Spherical-Up

From Flo Rida’s $82.6m authorized victory, to the landmark streaming fraud investigation in France… it’s MBW’s Weekly Spherical-Up

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From Flo Rida’s $82.6m authorized victory, to the landmark streaming fraud investigation in France… it’s MBW’s Weekly Spherical-Up

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Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be sure you caught the 5 largest 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 cut back their touring prices.


This week, MBW reported on a brand new landmark examine into France’s music trade that focuses on illegitimate streaming practices.

The examine, performed by France’s Centre Nationwide de Musique (CNM), thought of an enormous set of information supplied by SpotifyDeezer, and Qobuz, plus information supplied by “a panel of distributors” (together with CommonSonyWarnerConsider and Wagram).

Music distributed by these corporations, says the CNM, represented greater than 90% of the highest 10,000 most listened-to titles on Spotify, and greater than 75% of the general quantity of streams on Deezer, within the related interval.

The examine concluded that at the very least 1%-3% of music streams within the nation are fraudulent. In line with the report, in France, between 1 billion and 3 billion streams “at the very least” had been found to be “false” in 2021.

Additionally this week, Amazon Music confirmed that it’s elevating its commonplace particular person Amazon Music Limitless month-to-month subscription worth from $9.99 to $10.99 within the US, and from £9.99 to £10.99 within the UK.

Amazon Music’s transfer adopted an identical transfer from Apple Music in This fall final yr, when the latter streaming platform introduced that it was upping its commonplace month-to-month subscription worth from USD $9.99 to $10.99 within the US, and GBP £9.99 to £10.99 within the UK.

Elsewhere, Flo Rida was awarded $82.6 million in damages this week after taking authorized motion in opposition to US power drink firm Celsius for being in breach of contract over an endorsement deal signed in 2014.

Plus, Google mother or father firm Alphabet introduced 12,000 job cuts, whereas US-headquartered funding financial institution Stifel upgraded Hipgnosis Songs Fund‘s inventory to ‘Optimistic’.

Right here’s what occurred this week…


Credit score: Shutterstock

1) STREAMING FRAUD ACCOUNTS FOR AT LEAST 1-3% OF PLAYS ON SERVICES LIKE SPOTIFY AND DEEZER IN FRANCE, SHOWS INVESTIGATION

France’s Centre Nationwide de Musique (CNM) is a public physique within the nation, and operates below the supervision of the Ministry of Tradition and Communication.

You might keep in mind the CNM for its in-depth investigation into the consequences of user-centric (or ‘fan-powered’) music streaming licensing in 2021.

This week, the CNM launched the outcomes of one other landmark examine into France’s music trade – this time specializing in illegitimate streaming practices.

The conclusion? Not less than 1%-3% of music streams within the nation are fraudulent.
i.e. They’re generated, typically through paid-for stream farms, by these “dangerous actors” in a bid to siphon royalty cash away from respectable artists…


Credit score: Shutterstock

2) AMAZON MUSIC RAISES STANDARD MONTHLY SUBSCRIPTION PRICE FROM $9.99 TO $10.99. (SPOTIFY, SO FAR, STILL REFUSES TO DO THE SAME.)

The widespread music subscription streaming worth rise that labels and music publishers have lengthy referred to as for is lastly, correctly underway.

In This fall final yr, Apple Music introduced that it was upping its commonplace month-to-month subscription worth from USD $9.99 to $10.99 within the US, and GBP £9.99 to £10.99 within the UK. It additionally elevated the value of its Household Plan in each territories.

Now Amazon Music has made an identical transfer: The corporate has confirmed to clients that, like Apple, it’s elevating its commonplace particular person Amazon Music Limitless month-to-month subscription worth from $9.99 to $10.99 within the US, and from £9.99 to £10.99 within the UK.

Amazon Music can also be upping its Amazon Music Limitless Scholar Plan from $/£4.99 to $/£5.99 monthly in every respective territory.
Moreover, Amazon Music is rising equal pricing in Germany and Japan…


3) FLO RIDA WINS $82.6M IN LAWSUIT AGAINST ENERGY DRINK FIRM CELSIUS

US rapper Flo Rida has received a multi-million greenback lawsuit in opposition to US power drink firm, Celsius.

Within the authentic criticism, filed in opposition to the corporate in early 2021, Flo Rida and his firm Sturdy Arm Productions sued Celsius for alleged breach of contract, and unpaid compensation over an endorsement deal signed with the artist in 2014 and renewed in 2016.

As reported by the Regulation & Crime Community on Wednesday (January 18), a jury in Florida awarded Flo Rida (Tramar Dillard) $82.6 million in damages this week…


4) THE INVESTMENT BANK THAT’S BEEN MOST CRITICAL OF HIPGNOSIS SONGS FUND… JUST UPGRADED HIPGNOSIS SONGS FUND TO ‘POSITIVE’

It’s truthful to recommend that Hipgnosis Songs Fund (HSF), the UK-listed entity that owns track rights (and revenue streams) value over $2 billion, has been extra harshly scrutinized by one funding financial institution than another these previous couple of years.

US-headquartered Stifel hasn’t been shy in expressing its pessimism over HSF ever for the reason that monetary agency downgraded its view of the music firm’s inventory in early 2021 – through a report which led the Monetary Occasions to surmise: “Stifel is apprehensive that Hipgnosis Songs Fund is slipping out of tune.”

Since then, Stifel analysts have appeared in monetary media numerous instances to name into query, amongst different issues, HSF’s money movement profile, its acknowledged valuation, and its determination to purchase again inventory final yr utilizing a debt increase.
Now, although, the narrative has modified a bit of.

On Thursday (January 19), Stifel issued a report by which it waves a not-insignificant quantity of optimism in Hipgnosis Songs Fund’s course – and even encourages traders to think about shopping for inventory within the firm.

The HSF-themed report, titled ‘Revenues present indicators of stability: Time to dip your toe’, sees Stifel improve Hipgnosis Songs Fund inventory to ‘Optimistic’…


Image Credit score: Mitchell Lu

5) GOOGLE PARENT ALPHABET TO SLASH GLOBAL WORKFORCE BY 6%, WITH 12,000 WORKERS TO BE LAID OFF

Alphabet, mother or father firm to Google, has turn out to be the most recent US-based tech large to axe a considerable variety of jobs.

The corporate is chopping 12,000 roles, which equals round 6% of its world workforce.

The information was first reported by Reuters, citing a employees memo despatched by Alphabet CEO Sundar Pichai on Friday (January 20)…


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

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