Music Gateway’s Post

Sprout Launches ‘Homegrown Sound’ Platform to Support Australian Talent 'Sprout' has introduced the ‘Homegrown Sound’ platform, partnering with 'Briggs' to showcase and promote Australian music. With the release of ‘Munarra’, this initiative highlights local talent and encourages Australians to support homegrown sound. A timely effort to boost visibility for the Australian music industry. #HomegrownSound #SupportLocalMusic #AustralianMusic #Sprout #Briggs #LocalTalent #Advertising #ShamimaNasrinSumi #besteverad https://lnkd.in/g6cmcdKZ

Virgin Music Group the global independent division of Universal Music Group , has announced an agreement to acquire Downtown Music Holdings for $775 million (approximately €737 million). Virgin Downtown Music Publishing https://lnkd.in/eGKGqBcx

🤔 What does this mean for Songtrust clients? For Curve's clients? This merger signals another significant consolidation wave Concerns: -Quality of service -Job opportunities -Potential shifts in revenue models -Impact on existing rights and publishing structures for their current clients

Interesting as UMG is building up its business model in the African markets!!

Universal Music Group generated 51% of its 2023 recorded music revenues in North America… and 8 other things we learned from its new annual report MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. #UniversalMusicGroup #Musicbusiness #Musicindustry

Live music is the difference between music as content and music as culture. So in an industry struggling with a loss of connection to digital metric dependency, the fact that it is becoming harder and more expensive than ever to do is a problem. I explore this – and the solutions – in my latest #blog for MIDiA Research here 👇 https://lnkd.in/eU3edQqw

The .music domain has lots of potential blockchain opportunities.

Associate Andrew Wilson-Bushell and Trainee Solicitor Catherine Clover discuss the IFPI’s Global Music Report 2024 and comment on the state of the global music industry. Follow the link below to read their article in full. #IFPI #Music #MusicIndustry #MusicLaw

🚀 Did you know Web3 music is shaking up the entire music industry? Discover why traditional music moguls are on high alert. Dive into this compelling read and stay ahead of the curve! 🎵✨ Read the full article here: https://lnkd.in/gX2VRJhk #MusicRevolution #Web3 #FutureOfMusic #MusicIndustry #TechInnovation 🎧🔗🔍

📰 INDUSTRY NEWS 🎤 MUSIC HAS A $212 BILLION ECONOMIC IMPACT IN THE U.S., SAYS NEW STUDY: HERE’S HOW The music business contributed significantly to the overall increase in revenue for the U.S. gross income. The report "The 50 States of Music" gathered data from various music business entities, including independent record labels, performance rights organizations, and independent music venues, to support its findings. Overall, music streaming services and physical distribution like vinyl played a major role in driving revenue growth in the U.S. Despite a plateau in the U.S. employment rate, the labor market in the music industry experienced a slight increase. Read the full article HERE: https://loom.ly/LuBl8mc #performancerightsorganizations #PRO #independent #indie #artistrights #AI #innovation #economy #economics #impact #50statesofmusic #california #texas #newyork #florida #tennessee #pennsylvania #ifpi #music #musicindustry #billboard #redgiantrightsgroup #redgiant #musicbusiness