Exceed enables investors to purchase interests in several musician-specific revenue categories (streaming and publishing royalties among them); interested individuals will receive any owed compensation quarterly, and the amount that each user can invest is limited by Exceed depending on his or her “net worth and annual income,” per the service.
Source: Artist-Investment Platform Exceed Raises $8MM, Hires President
During Tuesday’s market hours, Hipgnosis Songs Fund – the publicly traded operation that’s dropped billions on song rights in recent years – parted with 3.4 percent of its stock-price value to finish at an even 82 GBX (currently 93 cents). As mentioned, the figure represents an all-time low for Hipgnosis, shares in which have fallen by about 33 percent since mid-October of 2021.
Source: Hipgnosis Stock Dips to New Low, But Some Analysts Are Upbeat
The Loretta Lynn’s catalog — with “Coal Miner’s Daughter,” “You Ain’t Woman Enough (To Take My Man)” and more — generates about $1.62 million annually, according to a Billboard estimate. Lynn’s recordings — which are largely owned by Universal Music Group through deals she struck with Decca and MCA, before leaving to work with a variety of labels in the 1990s and onward — generated about $1.18 million in revenue last year, based on Billboard’s estimates.
PRS for Music has announced that its October of 2022 distribution cracked a ‘highest ever’ total of £211 million. The 210 percent YoY gain is particularly noteworthy because PRS, despite posting a 22.4 percent revenue jump (as well as a nearly 60 percent improvement for income deriving from plays in public establishments) during 2021, stated that the public-performance total remained 38.1 percent beneath its pre-pandemic counterpart.
Source: PRS for Music Announces ‘Highest Ever’ £211 Million Distribution
Spotify’s current share price is around $87, which is 71% below its 52-week high. The stock price has shed 15% in the last month alone. Analysts believe Spotify will face higher churn rates due to inflationary pressures and turbulence in Europe and Asia. The company just launched audiobooks in September, but analysts believe they won’t be a significant revenue generator for the company.
Source: Ark Investment Management Dumps $18M Spotify Stock Stake
Primary Wave Music, home to catalogs of Whitney Houston, Prince, Bob Marley, Stevie Nicks and more, has struck a $2 billion deal with Brookfield Asset Management. Brookfield, which is new the space, will take a significant minority interest in Primary Wave, and commit $1.7 billion to fund a permanent capital vehicle focused on acquiring music rights from top acts.
Source: Primary Wave Music Strikes $2 Billion Deal With Brookfield to Invest in Music Copyrights
New York City-headquartered Influence Media, which in February revealed that it had partnered with Warner Music and BlackRock to invest $750 million in music IP, unveiled this latest play today. According to higher-ups, the “groundbreaking deal” will see Influence take a stake in the “master recordings catalog” of 46-year-old Blake Shelton, referring specifically to works that became available to fans between 2001 and 2019.
Source: Blake Shelton Sells Recorded Catalog to Influence Media Partners
Hipgnosis Songs Fund (HSF) has secured a new $700 million revolving credit facility to refinance its existing $600 million in debt. The new borrowing package, confirmed today (October 3) will run for five years until September 30, 2027 and will be used to fully refinance the company’s debts and beef up its working capital.
Decentralised music NFT platform, Stems, has raised $4 million in a pre-seed round led by investment firm, Ideo CoLab Ventures. Additional participants include Collab+Currency, Village Global, Polygon Studios, Merit Circle, Yield Guild Games, FireEyes, NoiseDAO, Jump, GSR, Akatsuki and others. Launching on Oct 6, the Stems platform is hosted on the Polygon blockchain.
Source: Decentralised Music NFT Platform Stems Raises $4M Pre-seed Funding – NFTgators
Much of the global economy is in disarray and major entertainment industries are having a tough time of things. In the music industry, however, the big money keeps on moving. Earlier this week, Triller secures $310 million investment ahead of planned Q4 IPO