Sony Music Entertainment’s Post

APRA AMCOS commends the NSW Government for delivering its first Contemporary Music Strategy 2025–2034 since the establishment of the NSW music development office, Sound NSW. The delivery of this strategy aligns closely with the establishment of Music Australia by the Australian Government earlier this year, creating strong national and state-level foundations to advance the music sector. Together, these developments ensure a co-ordinated approach to supporting creators, fostering talent and positioning NSW as a leader in the national and global music landscape. Dean Ormston, Chief Executive APRA AMCOS says: "By addressing key challenges and opportunities, the strategy highlights the government’s commitment to building a thriving music ecosystem that benefits creators, audiences and communities alike. The focus on sustainability and innovation provides a strong foundation for growth over the next decade." https://lnkd.in/gPn2TVJt

High-Stakes of the Mavin Records & UMG deal ↙ The investment by Universal Music Group (UMG) in Mavin Records marks a significant moment in the global music industry, highlighting the rising influence and international recognition of the #Afrobeats genre and African music as a whole. This partnership signifies a strategic move by #UMG to diversify its portfolio and solidify its footprint in the African music market, which has shown exponential growth and global crossover appeal in recent years. On the other hand. Mavin Records, under the leadership of Don Jazzy, has been instrumental in developing and promoting some of West Africa's most successful artists, contributing significantly to the global visibility of Afrobeats. Now check this. By retaining Don Jazzy and Tega Oghenejobo in their leadership roles, UMG not only respects the label's existing vision and operational autonomy but also leverages their deep understanding of the local music scene and cultural nuances. This approach ensures that the partnership is grounded in respect for local talent and expertise, potentially setting a precedent for how global music corporations engage with indigenous music industries. Here's the high stake. Most likely the collaboration between UMG and Mavin Records will provide a blueprint for future partnerships between global music giants and local labels in emerging markets. It highlights the importance of local expertise in navigating the unique challenges and opportunities within specific music ecosystems. For the artists under Mavin Records, this deal promises enhanced global distribution, marketing, and promotional support, potentially catapulting their careers to new heights on the international stage. Moreover, this partnership could act as a catalyst for further investment and interest in African music industries, driving innovation, talent development, and global collaboration. It underscores the growing recognition of Afrobeats and other African music genres as major players on the world stage, capable of influencing global music trends and consumer preferences. As the deal awaits regulatory approval, with a projected close by the end of 2024, the #music industry will be keenly observing the outcomes and impacts of this partnership. The success of this collaboration could encourage more strategic investments and partnerships in Africa, contributing to the growth and globalization of its music industries. This moment serves as a testament to the talent, diversity, and potential of the African music scene, poised for further growth and global recognition. Check out the carousel for some IP lessons you might want to glean from this partnership. ----------------------------------------------------------------- #musicindustry #copyrights #entertainmentlaw #avo #intellectualproperty

Where do we get music from and how does it help to develop global music industry?

Which agencies are behind the line-up of EDC Las Vegas 2024? We used Booking Agent Info to find out (with a bit of rounding for simplicity). United Talent Agency leads the charge, representing a quarter of the lineup. At 'major' US electronic music festivals we've tracked this year, UTA consistently topped the charts, and it's no different at EDC Las Vegas. Wasserman, with a robust 21% representation, continues to be a dominant force in the electronic music scene globally, often ranking in the top three at major electronic music festivals and clinching the top spot at several. Liaison Artists and WME | William Morris Endeavor each claim 6% of the lineup. Liaison Artists are a notable presence across North American festivals, while WME artists include heavyweights like Martin Garrix, Peggy Gou, and Steve Aoki. Creative Artists Agency comes with 5%, representing artists like Alesso and Purple Disco Machine. Similarly, Corson Agency brings unique talents like Da Tweekaz, and Sound Rush, also accounting for 5%. Rounding out the representation, David Lewis Productions and Analog Agency contribute 3% and 2%, respectively, showcasing their niche in this vibrant festival scene. Additionally, 27% of the festival’s lineup is credited to a diverse array of other agencies and artists who handle their bookings in-house, reflecting the broad spectrum of talent and organizational approaches in the electronic music industry. It should be noted that we excluded 11 artists from our dataset who we didn’t have data Follow Booking Agent Info for more insights like this Visit our website to access more music industry data #EDCVegas #EDCLasVegas2024 #EDCLV2024 #AgencyBreakdown #MusicIndustry

Much of the publication obviously focuses on UMG’s extraordinarily successful 2023: A year in which it posted USD $12 billion in total revenues, with annual adjusted EBITDA just north of USD $2.5 billion. But there’s a bundle of other interesting facts and figures revealed within the report. - Music Business Worldwide

Navigating the Competitive Landscape of the Music and Entertainment Industry Written By Kendesi Mohammed The music and entertainment industry is notoriously competitive, with artists needing to strategically position themselves to succeed. Here’s a closer look at the major players, revenue dynamics, and industry statistics that define this high-stakes field. Major Record Labels 1. Universal Music Group (UMG): As one of the "Big Three" record labels, UMG dominates the industry with ownership of prestigious labels such as Def Jam Recordings, Interscope Records, Capitol Records, Republic Records, and Island Records. 2. Warner Music Group: Known for its roster of best-selling artists like Ed Sheeran, Coldplay, and Linkin Park, Warner Music Group also includes the influential Atlantic Records. 3. RCA Records: The second-oldest record label globally, RCA Records has a rich history of setting trends and shaping the music industry. Revenue and Royalties The financial arrangements between artists and record labels can vary widely: - Major Labels: Typically take up to 90% of net sales. - Mid-Size Independents: Generally claim 50–75% in royalties. - Small Indie Labels: Often offer a 50/50 royalty split with artists. In a traditional record deal, labels might claim up to 80% of revenue, leaving 20% to be divided between the artist and any collaborators. However, established artists often negotiate more favorable terms, sometimes sharing around 50% of music revenue. Revenue Streams for Record Labels Record labels generate income through various channels: - Investment in Releases: This includes expenses for recording, marketing, promotion, music videos, and radio/streaming play. - Sales and Touring: Additional revenue comes from music sales, live performances, and merchandise. Industry Statistics The entertainment industry employs a substantial number of artists: - U.S. Workforce: As of 2023, there are 2.67 million artists in the U.S., encompassing a range of cultural occupations. - Music Industry: There are over 60,000 artists working within the U.S. music industry (IBISWorld, 2023). - Visual Arts Participation: In 2016, 41 million people over 18 engaged in painting or drawing at least once (Anthony Thomas). The competitive nature of the music and entertainment industry requires significant investment and strategic planning. For artists aiming to make their mark, understanding these dynamics is crucial for navigating the path to success. #musicindustry #entertainmentindustry #newmusic #talentmanagement #TalentShowcase #talentedmusicians #musicvideo #artistsoninstagram #artistsoftiktok #kendesimedia #Kendesitv #kendesivlog #comedian #djs

The .music domain has lots of potential blockchain opportunities.

TikTok and Universal Music Group The music industry is undergoing a significant transformation, and at the forefront of this change is the dynamic partnership between Universal Music Group (UMG) and TikTok. This collaboration is not only reshaping how music is discovered and consumed but also redefining the relationship between music labels and digital platforms........... Read my latest Article here #universalmusicgroup #TikTok #Marketing

95.5% of Musicians Are Artist-Direct: New Report Redefines Artist Success in Modern Music Industry In addition to altering music consumption patterns, streaming has also changed the way artists, journalists, and music critics define success of musicians and their creative efforts. Sure, charts and radio plays still matter but the approach to defining what success is and what isn't is now more data-driven and comprehensive than ever. Global music distribution company Amuse and market intelligence firm MIDiA Research have joined forces once again to present a comprehensive report on what success means for artists today. This collaboration, their third since they began tracking the independent and DIY music movements in 2019, showcases a transformed picture where traditional metrics of success are being replaced by more nuanced, artist-centric goals. 👇 #musicstreaming https://lnkd.in/etAkWnrU

Sony Music Entertainment, Warner Music Group, Def Jam, and Universal Music Group are some of the most prominent record labels that everyone knows about. Marketing geeks and professionals from different managements aspire to work for such big names, and it is not surprising at all. Those who would like to work in the music industry but not make music would love the job of a record label A&R, artist PR rep, and so on. But getting a spot for yourself in any of these giant companies in the music industry could be extremely difficult and may seem like a tedious process. But if you have all the marketing genius and managerial skills, you could start your own record label.   Of course, it is easier said than done, but is it impossible? NO. In our latest article, we have tried to answer a few questions: What is a record label? What are the different types of record labels? How to start a record label? How do you earn as a record label? How is the music industry scene with starting a record label? Read our full article to learn more: https://lnkd.in/gXejnq5Z