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Creative Industries

Key figures — Week 48, 2022

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$29.3 billion

That's the estimated global cinema box-office revenue in 2023, up 12% from 2022's $25.8bn, according to Gower Street Analytics. The London-based firm estimates that the industry will need to wait until at least 2024 to see a full return to pre-pandemic global levels.

$5.3 billion

That's how much entertainment company Warner Bros. Discovery expects to pay by 2024 in restructuring charges related to the combination of Discovery and AT&T’s WarnerMedia unit...

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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).

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Creative Industries

Sofi Tukker extends global music publishing admin deal with Third Side Music

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Electro pop duo Sofi Tukker has extended its exclusive, worldwide music publishing administration deal with Canadian independent music publisher Third Side Music (TSM).

"Third Side are really like family to us. Signing with them has been one of the best decisions we've made in our career, so it was an easy decision to do it again!” said Sofi Tukker, a Florida-based duo consisting of Sophie Hawley-Weld and Tucker Halpern.

Their 2022 album 'Wet Tennis' has accumulated over 90 milli...

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Creative Industries

peermusic UK and Max Music Publishing sign The Reytons to a global publishing deal

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peermusic UK has signed British indie band The Reytons to an exclusive, global music publishing deal via a joint venture with Max Music Publishing.

The deal was announced by Nigel Elderton, President, Europe & Managing Director, peermusic UK; Mike Sault, Head of A&R, peermusic UK; Dylan Myerscough-Harris, A&R Manager, peermusic UK; and Max Odell, CEO, Max Music Publishing.

“I am delighted to see a great independent band, on an indie label and published by an independent publi...

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Thomas Coesfeld to replace Hartwig Masuch as CEO of BMG in 2024

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German entertainment and media group Bertelsmann has picked Thomas Coesfeld to succeed Hartwig Masuch as CEO of music division BMG, effective January 1, 2024. Coesfeld has served as CFO of BMG since April 2021.

The change in leadership is part of "a long-term succession plan," according to Bertelsmann. Masuch will remain associated with Bertelsmann in an advisory capacity. Thomas Coesfeld will also take a seat on the Bertelsmann Group Management Committee (GMC), which advises the Group Execu...

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