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Creative Industries

Key figures — Week 40, 2023

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$223.5 billion

That's the valuation of TikTok parent company Byte Dance, following a programme to buy back shares from US employees at $160 a share, according to Reuters. This is about 26% lower than a valuation of the Chinese tech giant a year earlier.

57.9 billion

That's the total number of on demand audio streams registered by Latin music songs in the US in the first 34 weeks of 2023, against 47.4 billion for the same period a year ago, up 22.2% year-on-year, according to data ...

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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

Live music tourism attracted 19.2 million people in 2023, according to UK Music

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Live music events — gigs, concerts and festivals — across the UK attracted over 19.2 million music tourists in 2023, up 33% on 2022 when the figure was 14.4 million, according to new research unveiled by cross-industry trade body UK Music.

UK Music defines a foreign music tourist as someone who has travelled from outside of the UK to attend an event in the UK. A domestic music tourist is defined as those who are travelling from within the UK to see live music events, provided they travelled...

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Creative Industries

Park Avenue Artists and Primary Wave Music launch partnership with their first project focused on Whitney Houston

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Creative agency Park Avenue Artists and independent music publisher Primary Wave Music have joined forces "to create and tour a radically new approach to amplifying and reveling in the voices of legacy artists."

Their first collaboration under the partnership is 'The Voice of Whitney: A Symphonic Celebration', coming to the stage in August 2024, with the Chicago Philharmonic playing to the original master recordings of the singer’s performances. The project will premiere at the Ravinia Fest...

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Creative Industries

Warner Chappell Music inks deal with Salaam Remi’s Analog Metaverse to administer the company’s music catalogue

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Warner Chappell Music (WCM) has sealed a new partnership with American record producer and music executive Salaam Remi's rights management and music publishing company Analog Metaverse to jointly administer the majority of the company’s music catalogue, including the works of Remi himself.

“Having the benefit of being a songwriter and publisher myself, I fully understand the importance of having partners who not only appreciate the wonderful creations of the icons from the last few generatio...

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