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Creative Industries

Digital boosts Believe revenues to a record €577.2 million in 2021

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Paris-based independent music group Believe has posted revenues up 30.7% to €577.2 million compared to 2021, thanks mainly to digital revenue up 33.6% year-on-year. It is the company's first yearly financial report since it floated on the Paris stock exchange last year.

Adjusted EBITDA pre-central platform costs grew by 37.3% in 2021 to reach €83.3m (versus €60.7m in 2020). “In 2021, Believe has once again demonstrated its capacity to deliver strong and profitable growth while continuing to ...

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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

International Music Council taps Sheila Woodward as its new President

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The members of the International Music Council gathered in Rabat (Morocco) for the organisation’s 40th General Assembly and elected a new leadership. It also adopted an ambitious work plan for the next two years.

Sheila Woodward (South Africa/USA) was elected President, taking over from Swedish composer Alfons Karabuda, who had been President since 2019. "Throughout the past four years, Dr. Woodward has served as Executive Vice-President and has been a driving force within IMC’s Executive B...

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Creative Industries

ONErpm launches SAAS platform Enterprise Solutions and a digital distribution service

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Independent music company ONErpm, has launched two new entities — ONErpm Enterprise Solutions, is a Software as a Service (SAAS) platform; and OFFstep.com, a music distribution unit for independent artists.

Te addition of these two new divisions brings brings to five the total number of companies under ONErpm’s umbrella. Enterprise Solutions adapts ONErpm’s proprietary Content Management System (CMS) to cater "to the unique needs of record labels and content owners seeking to grow more e...

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Creative Industries

Music deals — Week 46, 2023

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Here are some of the music deals announced in the past week:

Private equity firm New Mountain Capital is leading a group of investors to acquire US rights society Broadcast Music, Inc. (BMI). Terms of the deal were not disclosed. The transaction is expected to close in the first quarter of 2024, “subject to approval by BMI shareholders and customary regulatory approvals.” New Mountain said it will acquire the company from current BMI’s shareholders who own BMI today — BMI was created in 1...

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