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Creative Industries

British sales of vinyl LPs up 8% in 2021 to 5 million units

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Over five million vinyl LPs have been purchased over the past 12 months in the UK, up 8% compared to 2020, according to new figures to be released by record labels’ association the BPI using Official Charts Company data. Full-year 2021 music consumption figures, including 2021 streaming data, will be released on January 4th 2022 It is the 14th consecutive year of growth for the format. The BPI said vinyl accounted for nearly a quarter of 2021 album purchases (around 23%). More than 100 albu...

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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

BMG acquires publishing interests in Australian rock band Jet’s catalogue

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BMG has acquired publishing interests in the catalogue of Australian rock band Jet, in a transaction that covers the publishing interests of three of the four original Jet members, including Nic Cester, Cam Muncey and Mark Wilson. Terms of the agreement were not disclosed. BMG said the acquisition builds on the company's long-term publishing relationship with the band and follows the purchase of their recordings catalogue in 2023. Cester, co-founder and frontman of Jet, said: “We’ve loved worki...

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Creative Industries

Björn Bauer to serve as Chief Financial Officer of the combined BMG and Concord

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BMG and Concord have announced that Björn Bauer will serve as Chief Financial Officer of the combined company, effective upon closing of the transaction. Bauer will be based in Nashville and reporting to designated CEO Bob Valentine, current CEO of Concord. Bauer will join from entertainment company RTL Group, which is majority-owned by Bertelsmann. At RTL Group, he currently serves as an Executive Director and member of the Executive Committee, and has been Chief Financial Officer since 2019. I...

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Creative Industries

Blackstone sells Recognition Music Group to Sony Music Publishing

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Sony Music Group, through its music publishing division Sony Music Publishing, has acquired the complete music rights portfolio of Recognition Music Group, formerly known as Hipgnosis, from funds managed by investment firm Blackstone. The deal, subject to customary closing conditions, is in partnership with the investment venture between GIC and Sony Music Group announced earlier this year. The venture is focused on acquiring and growing music catalogue assets across genres and international mar...

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