Finance

Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn

China’s Tencent Holdings Ltd. has made a bid to acquire 10%-20% of Universal Music Group, at a company-wide valuation for UMG of €30bn ($33.63bn). By default, this approach from Tencent has become the first market-tested barometer of what the strategic value of a major music company may be today.

Source: Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn

Tighten up that paywall! (And some other lessons from a study of 500 newspaper publishers)

New research suggests that most newspaper publishers with successful metered pay model strategies do better with higher “stop rates,” not letting a reader sample too much before they’re asked to pay up. “The publishers that reported more than 6 percent of unique visitors reaching their stop threshold had ‘thriving’ digital subscription businesses.”

Source: Tighten up that paywall! (And some other lessons from a study of 500 newspaper publishers)

Patreon has become a lifeline for creators of weird, alternative games

It’s unclear whether Patreon offers a full-blown solution or a stopgap remedy for game makers grappling with the current landscape. What it does unequivocally provide is the business infrastructure for creators to implement a fan-subscription model of funding. Communities surrounding artists and their work can often appear diffused online, particularly as forums have given way to broader social media platforms.

Source: Patreon has become a lifeline for creators of weird, alternative games

Exec who launched Universal’s Digster and Spinnup in Sweden starts platform for fans to invest in artists ‘without a traditional label’

Corite enables artists to estimate the value of a song they have created based on their streaming history and future projections, before announcing the amount they want to raise, and setting a percentage of streaming royalties which investors will receive in return.

Source: Exec who launched Universal’s Digster and Spinnup in Sweden starts platform for fans to invest in artists ‘without a traditional label’

How Tencent’s Proposed Stake in UMG Could Impact the Wider Music Biz

If completed, Vivendi’s deal with Tencent — which owns three music streaming services in China as well as a 10% stake in Spotify through its Tencent Music division — would reverse the current dynamics between the digital services and the major labels from which they license music.

Source: How Tencent’s Proposed Stake in UMG Could Impact the Wider Music Biz

Blockchain could be way for small investors to get piece of biggest assets — in art, real estate and more 

Although it may sound like calling a speck of dust on Andy Warhol’s “Campbell’s Soup Cans” your own, investors might soon have the opportunity to purchase small fractions of multimillion-dollar artwork. It’s all possible through blockchain, known mostly as the obscure technology underpinning the digital currency Bitcoin.

Source: Blockchain could be way for small investors to get piece of biggest assets — in art, real estate and more – ROI-NJ

Tencent in Talks to Buy 10% of Universal Music Group

Chinese digital giant Tencent has entered negotiations with French media group Vivendi to buy a 10% stake in Universal Music Group. Vivendi said the two companies were also exploring other areas of “strategic commercial cooperation” that would help grow UMG, the world’s biggest music company with market share of more than 30% in 2018, through new digital initiatives and territories.

Source: Tencent in Talks to Buy 10% of Universal Music Group

Spotify Reports Subscriber Growth Amid Industry Podcast Boom

Spotify posted greater-than-expected user growth in the latest quarter as the music-streaming giant improved long-term retention of its listeners and broadened its podcasting business. The company said tens of millions of users are now streaming podcasts on the platform on a monthly basis, with its overall podcast audience growing more than 50% from the previous quarter and nearly doubling since the beginning of the year.

Source: Spotify Reports Subscriber Growth Amid Industry Podcast Boom

SEC-qualified Props Token Joins Coinbase Custody As Listed Asset

Coinbase and Props Public Benefit Corporation announced today that Props Tokens, the first consumer-facing crypto token qualified by the SEC under Reg A, are now part of the exclusive list of assets available for custody through Coinbase Custody, a platform that stores cryptocurrency for institutional clients.

Source: SEC-qualified Props Token Joins Coinbase Custody As Listed Asset

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