RG Ingersoll's Hotrax Music Tips - Monetizing your Music

Music Business Worldwide: Newsletter

Judges in the US have hinted that the mechanical royalty rate paid to publishers and songwriters for vinyl sales should rise. The major labels' lawyers have come out swinging. It’s a process awash with legalese – to the point of tedium. But there’s a very important debate going on in the US over certain types of mechanical royalty rates paid to songwriters right now, and you need to know about it. That’s partly because it’s pretty fascinating stuff, and partly because it prods at some tender areas of the power balance dominating the modern music industry. Fear not: You won’t have to wade through all the paperwork; MBW has done that for you. (So. Much. Paperwork.) But trust us, there are some startling nuggets in this story... (The MBW Review supported by Instrumental)

MBW Newsletter Sponsors Primary Wave: The Home of Legends. The world's leading independent publisher of iconic music CMS, CRM, Playlists, Royalty Accounting, Analytics: your music business all in one place Track, trace, identify music globally. All plays. All platforms, media and places. Centtrip: The award-winning account for music payments, royalties, foreign exchange and touring expenses Independence Empowered. Harness the power of premium distribution. Join the revolution! Fastest growing creator-safe music platform. Largest musical variety. Built for creators. Voly Music The Bespoke Financial Management Platform for the Music Industry Want your brand here? Contact Rebecca through this link...   Sony is spending $1bn to buy another 3% stake in Epic Games to help 'build the metaverse' Sony's relationship with Epic Games is getting even closer. Last year Sony Group Corporation – parent company of Sony Music Group – spent USD $200 million to acquire a 0.7% stake in the Fortnite-making (now Bandcamp-owning) games company. That investment followed a heftier stake acquisition in 2020, when Sony spent $250 million to acquire equity in Epic worth around 1.5% of its business... (MBW) Latin music is on course to generate over $1 billion in the US in 2022 We’re gonna call this one early: MBW today predicts that the record music market for Latin artists in the United States will generate more than a billion dollars in revenue across the 12 months of 2022. We’re feeling confident in this forecast because of new data released today (April 12) in a report from the RIAA, which shows that Latin music generated $886.1 million on a retail basis in the US in 2021. MBW calculations now suggest that, in terms of industry streaming revenues, Latin music took a market share of nearly 7% in the US last year... (MBW)  Warner expands into Bollywood music via strategic partnership with India's Jjust Music Warner Music India has entered into a strategic partnership with India's Jjust Music, marking the major's first foray into what it calls "marquee" Bollywood releases. The companies say that the aim fo the partnership is to "create the next generation of Indian music stars", and that Jjust Music’s artists will "benefit from being plugged into" Warner Music’s global network... (MBW)

MBW is launching a new interview series, Trailblazers, supported by Believe Music Business Worldwide is launching a new monthly interview series, Trailblazers, which will be supported by Believe. Trailblazers will turn the spotlight on exciting music entrepreneurs who are making waves in their local market, and who might making a global impact very soon... (MBW)

MBW'S QUOTE OF THE DAY “Latin America is one of the most dynamic regions in music today. While we have a long history of working in these territories through third parties, now is the time to offer our clients an end-to-end BMG experience. We believe there is a significant gap in the market for our service-based ethic.”   BMG is opening a new office in Mexico City later this year. The company has had an operation in São Paulo, Brazil, since 2016. The new Mexico operation will work closely with BMG’s US-based Latin clients and BMG Spain’s local roster. The above quote comes from Dominique Casimir, BMG's EVP Repertoire & Marketing EU, APAC & LATAM... (MBW)

SPONSORED SPOTLIGHT Exactuals modernizes the way the entertainment industry makes payments, offering an end-to-end solution of innovative products which handle complex transactions. [Click here to find out more]

Don't miss: Behind Jack Harlow: Meet the manager guiding the Grammy-nominated star's global success Not long ago, Jack Harlow was an Industry Baby. Now he's an industry darling. Released in July 2021, and currently sitting at 1.19 billion streams on Spotify alone, Lil Nas X’s Industry Baby megahit (featuring Harlow) earned the pair a Grammy nomination on Sunday for best Melodic Rap Performance (and best album for Montero). Harlow may not have won an award, but that doesn’t mean he wasn’t the talk of Las Vegas over Grammy weekend. The Kentucky-born rapper played at Zouk nightclub (where he's a resident artist) at 1:45 am on Sunday morning. MBW understands that senior reps from multiple major record companies were in attendance to watch the Generation Now/Atlantic-signed talent. Twelve hours before Harlow's set, MBW sat down for an interview with the artist's long-time manager, Chris Thomas of Range Media Partners, in the calm of the top floor of his hotel, far above the hectic pre-Grammy buzz on the streets below... (World's Greatest Managers supported by Centtrip) Don't miss: BMG to represent George Harrison publishing catalog globally via new deal BMG has entered into a global publishing agreement with the George Harrison Estate to administer the Harrisongs catalog. The catalog comprises more than 200 songs written by George Harrison with the Beatles, the Traveling Wilburys and for the artist’s solo career. The catalog was previously administered by Concord. The BMG deal expands on the firm’s relationship with Harrison’s music company Dark Horse Records... (MBW)