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Creative Industries

HYBE posts Q3 revenue up 80% y-o-y with growth in album sales, licensing and merchandising

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HYBE, the South Korean music company behind the success of boyband BTS, has reported Q3 2021 revenue up 80% year-on-year to KRW 341 billion (approx. €250m) with an operating profit of KRW 65.6bn, (€48.0m) up 63% compared the same period of 2020.

HYBE said Q3 2021 results were driven by growth in album sales, merchandising and licensing. Album sales were up by 21% to KRW 129.7bn (€95m), largely due to strong performances from BTS new music, while merchandising and licensing revenues rose by...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Influence Media Partners acquires the recording catalogue of Blake Shelton

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New York-based music and entertainment company Influence Media Partners has invested in the master recordings catalogue of country music singer and songwriter Blake Shelton.

Terms of the deal were not disclosed. The agreement covers all of his commercial releases from 2001 to 2019, during which he accumulated 27 No. 1 singles on Billboard's Country Airplay chart and released f 11 studio LP's, including a Christmas album, and two EPs.

The two parties have also created a joint venture, par...

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Creative Industries

US Supreme Court prepares to hear on Oct. 12 the fair use case involving the Andy Warhol Foundation and Lynn Goldsmith

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The US Supreme Court will hear on 12 October the arguments put forward by the parties involved in the legal case involving photographer Lynn Goldsmith, whose picture of Prince has been used by Andy Warhol for a series of works.

The case is considered as a benchmark for issues such as "fair use" and and the notion of "transformative" art. It has generated an unusually important number of amicus briefs.

The Second Circuit federal appeals court reversed a court decision that initially found...

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Creative Industries

India’s competition watchdog clears Sony’s proposed merger with Zee Entertainment

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The Competition Commission of India (CCI) has given the green light to the proposed merger between Sony's Indian subsidiary and local media group Zee Entertainment Enterprises in a deal that will create a $10 billion TV and entertainment company.

However, the watchdog added some undisclosed conditions to the approval. “The commission approved the proposed combination subject to the carrying out of modifications proposed by the parties, under Regulation 25(1) of the Competition Commission of ...

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