Opulous is a DeFi company that gives artists loans by using their future royalties as collateral (which sets it apart from other DeFi companies which typically use cryptocurrency as collateral). These are loans that artists normally can’t get from banks, even when their income is stable and predictable. Opulous lets crypto investors ‘stake’ their assets, which are then used for loans for musicians.
Source: Music is getting its first peer-to-peer decentralized finance platform
In intellectual-property-hungry Hollywood, NFTs have fast become the new frontier, and their popularity has set off a gold rush mentality as studios, producers, and even talent agencies scour for new revenue streams in the wake of COVID-19’s crushing effects. “It’s all upside. It’s found money,” says Chris McGurk, chairman and CEO of Cinedigm Digital Cinema.
Source: NFT Mania Hits Hollywood
Catalogue sales keep dominating the news, but would anyone actually invest directly in a musician or a band? What would the return need to be to get interest for this? And, can we move beyond investing related to future streaming revenues? Perhaps towards tokenized fandoms?
Source: Would you invest in a musician or band? Towards tokenized fandoms
New York City-headquartered Primary Wave and Los Angeles-based Oaktree Capital Management revealed their multimillion-dollar agreement on June 11. The transaction will see Oaktree – which in May of 2020 fronted most of a $260 million loan to Endeavor, per reports – take a minority interest in the 15-year-old publishing company, with a new total of roughly $1.5 billion in capital and holdings under Primary Wave’s management.
Source: Primary Wave Receives $375 Million Investment From Oaktree Capital
For some time, influential voices in the industry have called for the unrecouped balances of heritage artists to be written off by record labels. This would see modern-day royalty earnings of these acts get paid into their pockets, rather than being swallowed by a record label with whom they may have ended dealings decades ago.
Source: In historic move, Sony Music is disregarding unrecouped balances for heritage catalog artists
Among artists and investors, an aging group of classic-rock superstars and the inevitable wave of retirements on the not-too-distant horizon has set off something of a gold rush. Entrepreneurs have begun entering Jampol’s line of work and trying to concoct new ways to profit from the legacy of rock stars from days past.
Subscriptions will always be a hobby for YouTube, but the numbers show that even a side gig for the company can be huge. And it has bought peace by raining some of those riches on those behind the music. Record labels and other industry powers “still don’t looooove YouTube,” Lucas Shaw, a Bloomberg News reporter, wrote this week. “But they don’t hate it anymore.”
Hipgnosis is the owner of a catalog that has been independently valued at USD $2.21 billion, the UK-listed company revealed June 7 in a financial update. That catalog, valued as of the end of March 2021, contained 64,555 songs across 138 catalogs, according to a preliminary annual financial filing.
Source: Hipgnosis Songs Fund now owns a music catalog worth over $2.2 billion
This renewed call comes on the back of a report last week by The World Intellectual Property Organisation (WIPO), which said this is a “systemic problem [that] cries out for a systemic solution” and concluded that streaming should start to pay more like radio.
Source: Rolling Stones, Tom Jones, Emeli Sandé, Pet Shop Boys and more join call for PM to ‘fix streaming’
New York-based music rights company Reservoir has acquired legendary US record label and music publishing company Tommy Boy Music LLC in a deal valued at approximately $100m. Founded in New York in 1981 by Tom Silverman, Tommy Boy helped launch the careers of Queen Latifah, Afrika Bambaataa, Digital Underground, Coolio, De La Soul, House of Pain and Naughty By Nature, among others.