QMusic on LinkedIn: QMusic Board is aware that a Brisbane-based publication has publicly… (2024)

👏Acknowledging the Department for Culture, Media and Sport's £5 million pledge to support grassroots music culture, distributed through Arts Council England. With grants of up to £40,000 each, it's a step in the right direction independent festivals and promoters.It’s welcome news for the Association of Independent Festivals, which reported 1 in 6 festivals didn't survive the pandemic, with 36 cancellations in 2023.Amidst today’s news that UK inflation has dipped marginally to 4.6%, Night Time Industries Association CEO Michael Kill is robust “Operational costs and trading conditions for Night-Time Economy businesses remain a hurdle. The struggle persists, and livelihoods are at risk."I remain cautious, emphasising the need for comprehensive solutions. Let's not settle; advocate for reduced VAT to protect festival culture.#BusinessSupport #GrassrootsMusic #NightTimeEconomy

38

1 Comment

The recently-appointed boss of The Digital Media Association (DiMA) , the association that represents music-streaming services, has been talking to Music Ally in the latest of our 'Eamonn Forde Meets...' interviews. Former Ivors Academy chief Graham Davies talked about the tensions at play in the current 're-designation' process for the US's Mechanical Licensing Collecting (MLC). "The need for the MLC to operate transparently, efficiently and with neutrality, those are the key themes for us," Davies told us. "That’s what will lead to a successful MLC over the next five years... We could do with more transparency in terms of how the money’s being spent.We’ve got some concerns over whether there is the right level of incentive for them to drive efficiency on cost, because the costs are many, many times more than they were pre-MLC. Then the issue is one of neutrality and remit... We don’t see it as a rule-setting body; we see it as an administrator." Talking of the MLC re-designation, it has just filed its initial submission in the process, setting out its defence against some of these criticisms.Read The Full Interview Here:https://lnkd.in/dp4gEJa9 #musically #musicnews #readmore

16

All I want for Christmas is $6.16 million? 🤑Holiday music is becoming more profitable—even for decades-old songs—thanks to the rise of streaming as the dominant form of music consumption. Instead of making money from a fan’s singular purchase of a song, artists and labels are earning bigger profits than ever from holiday music because streaming monetizes every play. 🎁 Find out how much Mariah and Brenda Lee are making in the latest from Forbes. #MusicEconomy #Musicbiz #MusicNews

7

New Post: Songwriters & Publishers Due Nearly $400M After Final Streaming Royalty RateDetermination - https://lnkd.in/gvgSe9ur - Songwriters and publishers are due nearly $400 million in additional payouts following the Copyright Royalty Board’s Phonorecord III final determination in August, according to information the Mechanical Licensing Collective (the MLC) released on Friday (Feb. 23).During the Phono III blanket license period (2021-2022), the MLC reports that digital service providers like Spotify, Amazon Music, YouTube and Pandora underpaid rightsholders by $419.2 million — $281 million from mechanical royalties and $137.8 million from performance royalties. Those underpayments were due to the fact that final rates were higher than the interim rates during the more than four-year royalty dispute between publishers and streamers.RelatedMLC and DLC Begin First Re-Designation Process Since MMAPassage02/23/2024However, the DSPs actually overpaid publishers for mechanical royalties during the Phono III historical unmatched period (2018-2020) to the tune of $28.8 million. That would cut down the total bonus owed to songwriters and publishers to roughly $390.3 million.The DSPs were given until Feb. 9 to review and adjust their past payments following the CRB’s final determination, though several did not submit the required adjustment reports by the deadline, according to the MLC, which expects adjustments to increase by another $10 to $15 million once those additional reports come in.The MLC notes that the amounts are estimates only and subject to change pending its official calculations.“We are extremely pleased that songwriters and music publishers finally will receive the over $400 million they are owed in mechanical and performance royalties from the 2021-2022 period,” said NMPA president/CEO David Israelite in a statement. “Our appellate win upholding the rate increase we achieved in 2018 will finally net music creators and copyright owners the windfall they should have received years ago. The fact that the majority of this adjustment will be distributed by the MLC in a completely transparent and expedient way is another massive benefit of the Music Modernization Act (MMA) and while we would have preferred it be paid sooner, this is a welcome and critical lift now.”A full breakdown of the adjustments from the individual DSPs is available on the MLC website. - #news #business #world--------------------------------------------------Download: Stupid Simple CMS - https://lnkd.in/g4y9XFgR --------------------------------------------------or download at SourceForge - https://sourceforge.net/

🚨ICYMI🇳🇬🎶: Mavin Records, home to Rema and Ayra Starr, is seeking investment or eying a potential full sale with bidding coming from the Universal Music Group & HYBE. The proposed deal is above $125 million and could be worth $150 million to $200 million, according to those sources. The move is expected to raise funding to help position the label for more growth. The African continent is anticipated to be the next geographical repertoire to have a commanding presence on the global stage, similar to how Latin and K-pop have had an impact on the international marketplace in recent years.Although it’s a conversation of an outright sale, the Mavin management team, led by legendary Nigerian music business executive DON JAZZY, is expected to remain in place and retain some form of control over its destiny.-Source: Billboard/https://lnkd.in/gBYy9EXj

22

2 Comments

Under UMG's new regional structural initiative, their East Coast Record Labels, including Def Jam Records, have combined to organize "Republic Corps." This article talks about the new structure of both the company and the changes in management with the changes that have come along with this organization, as well as its affects on UMG as a whole. What do you think of this change in UMG? What do you think it means for record labels in the future? David Philp #musicindustry #music #universalmusicgroup #umg

10

𝐙𝐚𝐩𝐨𝐥𝐞𝐨𝐧'𝐬 ‘𝐌𝐢𝐝-𝐘𝐞𝐚𝐫 𝐌𝐮𝐬𝐢𝐜 𝐂𝐲𝐜𝐥𝐞 𝐔𝐩𝐝𝐚𝐭𝐞’Here's my latest update on what part of the ‘Doldrums’ that we’re currently in, as the “Music Cycle” continues to evolve and unfold.The ‘Mid-Year Music Cycle Update’ reflects that “𝐰𝐞’𝐫𝐞 𝐬𝐭𝐢𝐥𝐥 𝐝𝐞𝐞𝐩 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐰𝐨𝐫𝐬𝐭 𝐝𝐨𝐥𝐝𝐫𝐮𝐦𝐬 𝐢𝐧 𝐦𝐮𝐬𝐢𝐜 𝐚𝐧𝐝 𝐫𝐚𝐝𝐢𝐨 𝐡𝐢𝐬𝐭𝐨𝐫𝐲.” I cite the small number of ‘consensus power records' at Top 40 radio, which could be headed for another record low number when all is said and done for 2023. Ouch.𝐓𝐨𝐩 𝟒𝟎 𝐦𝐮𝐬𝐭 𝐠𝐞𝐭 𝐨𝐮𝐭 𝐨𝐟 𝐢𝐭𝐬 𝐏𝐨𝐩, 𝐃𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐏𝐨𝐩 𝐇𝐢𝐩-𝐇𝐨𝐩 𝐫𝐮𝐭and begin to reflect quite a bit more than the 48% we see it play of the biggest hits we see on Billboard. Why because Top 40 should always 𝐏𝐥𝐚𝐲 𝐓𝐡𝐞 𝐅'𝐢𝐧𝐠 𝐇𝐢𝐭𝐬....𝐀𝐋𝐋 𝐓𝐡𝐞 𝐡𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐀𝐋𝐋 𝐠𝐞𝐧𝐫𝐞𝐬, 𝐑𝐨𝐜𝐤, 𝐋𝐚𝐭𝐢𝐧 𝐚𝐧𝐝 𝐲𝐞𝐬, 𝐂𝐨𝐮𝐧𝐭𝐫𝐲The good news is there is a 𝐠𝐥𝐢𝐦𝐦𝐞𝐫 𝐨𝐟 𝐡𝐨𝐩𝐞 we are beginning to see Top 40 radio picking up on 𝐡𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐂𝐨𝐮𝐧𝐭𝐫𝐲, and of course that makes sense when you see that 𝐂𝐨𝐮𝐧𝐭𝐫𝐲 𝐡𝐚𝐬 𝐭𝐢𝐞𝐝 𝐰𝐢𝐭𝐡 𝐏𝐨𝐩 𝐚𝐭 𝟐𝟔% for the 𝐭𝐨𝐩 𝐠𝐞𝐧𝐫𝐞 𝐠𝐚𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐭𝐨𝐩 𝟏𝟎𝐬 𝐢𝐧 𝐁𝐢𝐥𝐥𝐛𝐨𝐚𝐫𝐝 during the first quarter of 2023, according to Hit Songs Deconstructed.”Thanks to Joel Denver and Tom Cunningham for publishing and editing this for AllAccess.comhttps://lnkd.in/ejSzjHq9 #music #power

4

5 is most definitely the magic number.⭐️Production Music Awards Nominations ⭐️ Best Christmas Track Best Use of Production Music in Television Advertising Best Use of Production Music in Television Factual Best Use of Production Music in Sports Promo 2022 Best Use of Production Music in Digital / Online Advertising#productionmusic #PMA #advertising #Music #sync #awards #DeWolfeMusic

1

Watching the Eras Tour in theatres didn't make me a Swiftie, but it did cement my respect for the brilliant Ms. Taylor. She is a sophisticated business woman and it's clear that she knows EXACTLY how to leverage and monetize her talent, her brand and her intellectual property. "Taylor's Version" has record labels scrambling for a tighter grip over artists' rights to their music. It's not going to work.Record labels cannot demand an increase in the grant of rights for an extended term while simultaneously providing less value to the artist. A&R is practically non-existent, marketing and promotion relies heavily on the artists' own social media platforms, and labels have not adequately adapted their profit model in the face of streaming and the low margins of touring. So why in the world would artists (and their representatives) agree to increased limitations on their ownership?Before these c-suite middlemen demand more from the creative class, they need to do some deep introspection to determine why, if at all, the creative class even needs them.

44

Interesting article. More music makes learning other subjects more impactful. 🎵😊

2