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Creative Industries

Main figures — Week 14, 2023

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280 billion

That's how many times the Top 1,000 songs on YouTube's Shorts have been viewed in January 2023 alone, according to figures disclosed in a blogpost by Lyor Cohen, YouTube’s Global Head of Music. Content posted on Shorts was generating 50 billion daily views as of December 2022. This translated into increasing visibility opportunities for artists and creators, according to Cohen.

$92 billion

That's how much US video streaming services will invest in conten...

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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

Music deals — Week 8, 2024

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Here's a list of some of the music deals announced in the past week:

Universal Music Group (UMG), in partnership with Dundee Partners, will acquire a 25.8% share in Chord Music Partners for $240 million (€223m), in a deal that values Chord at $1.85 billion. Chord was formed in 2021 by investment fund KKR and Dundee Partners, the investment office of the Hendel family, to acquire catalogues of music intellectual property (IP). The bulk of Chord’s catalogue comes from the acquisition in 202...

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Creative Industries

Musical chairs — Week 8, 2024

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USA

The Mechanical Licensing Collective (The MLC), which administers mechanical rights in the United States, has disclosed the names of the six persons appointed to the Nashville-based music rights organisation’s advisory committees.Committee appointments are for three-year terms. “The MLC Board and its nominating committee appreciate all the submissions by writers and publishers who want to do their part by working with The MLC on these important committees,” said The MLC’s Board Chair. ...

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Creative Industries

Key figures — Week 8, 2024

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$22.7 billion

That’s Live Nation's revenues for 2023, up 36% year-on-year, according to the company's year-end earnings report. For the fourth quarter, Live Nation reported revenues of $5.84bn, an increase of 36% over the same quarter last year. Live Nation staged more than 50,000 concerts in 2023, attended by more than 145 million people worldwide. 

$1.1 billion

That’s the film box-office (RMB8.02 billion) in China during the Lunar New Year holiday period (Feb...

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