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Creative Industries

British consumers streamed a record 139 billion audio streams in 2020

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By Emmanuel Legrand British music streaming consumption in 2020 reached 139 billion audio streams, up 21.9% over 2019 figures, with streaming representing 80.6% of UK music consumption, according to figures from trade body the BPI, based on Official Charts Company data. Overall recorded music consumption in the UK rose by 8.2% in 2020, with 155.4 million albums or their equivalent (AES) either streamed or purchased by British consumers. Streaming equivalent albums accounted for 125.2 million,...

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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

Primary Wave Music acquires Kobalt

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Independent publisher and music assets management company Primary Wave Music has disclosed that it has reached a definitive agreement to acquire Kobalt, the independent music publishing and music technology platform launched 25 years ago by Swedish entrepreneur Willard Ahdritz. The deal encompasses Kobalt’s worldwide operations, its catalogue of owned copyrights, and its digital collection operation amra.

The transaction, the financial details of which have not been disclosed, is subject to ...

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Creative Industries

FM Entertainment and Warner Music Mexico join forces to sign Raúl Hernández Jr. to a global recording and live deal

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Warner Music Mexico and artist management and live music company FM Entertainment founded in 2007 by Manuel Palomino, have signed a deal with Música Mexicana artist Raúl Hernández Jr. that integrates both recording and live touring operations. "The signing marks a deepening strategic alliance between Warner Music and FM Entertainment, designed to co-develop the careers of both existing stars and the next generation of Música Mexicana talent," said the two companies in a statement.

Hernández, ...

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Creative Industries

Warner Music Group and Netflix form creative partnership to produce films and series on WMG’s artists and songwriters

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Warner Music Group (WMG) and Netflix have formed a creative partnership under an exclusive multi-year deal that will give the streaming platform a first-look to make documentary series and films based on the lives, music and legacies of WMG’s artists and songwriters. "The combination of Warner Music Group’s IP with Netflix’s global reach is an incredible opportunity to introduce new fans to our artists and songwriters all around the world," said WMG CEO Robert Kyncl.

Unigram, the company lau...

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