From Believe’s $800m in annual revenues to HYBE ending its SM Entertainment takeover bid… it’s MBW’s Weekly Round-UpThe biggest stories on MBW from the past seven days
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In a shock move, Meta has pulled music by Italian songwriters from its platforms. Is this connected to Mark Zuckerberg’s ‘Year of Efficiency’ ?A mega dispute is brewing in Italy between music publishers and Mark Zuckerberg's Meta
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How Jay Gilbert built his influential Your Morning Coffee empireJay Gilbert has worked at all three major music groups at different points in his career. These days, alongside his Label Logic consultancy and music photography side hustle, a primary. Continue reading
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40 trade groups form Human Artistry Campaign to shape AI for creativesA broad coalition has come together to launch the Human Artistry Campaign with the goal of ensuring that artificial intelligence (AI) is developed and used to support human culture and artistry and. Continue reading
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50 short video content ideas for musicians on Reels, TikTok, YouTubeAre you feeling stuck and looking for content ideas? For this week’s Flashback Friday, we resurface a post by our friend and music marketer extraordinaire Michael Brandvold with content ideas. Continue reading
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SoundExchange Joins Human Artistry Campaign to Protect Royalty Payments for CreatorsSoundExchange, the premier music-tech organization, powering the future of music, announced during SXSW 2023 in Austin, Texas, the founding of the Human Artistry CampAIgn along with more than 40 organizations, including the Recording Industry Association of America (RIAA), The Recording Academy, AFL-CIO, and SAG-AFTRA. 

The coalition brings together organizations from music and other industries potentially impacted by artificial intelligence (AI) and outlines foundational principles for supporting human creativity while embracing opportunities presented by AI. 

“Artificial intelligence is a powerful, still-emerging technology that presents unique challenges as it matures in the creative arts space,” said Michael Huppe, President and CEO of SoundExchange. “We embrace the responsible use of AI as a tool that spurs the continuing evolution of human-created works. At the same time, recent advancements in AI have underscored the need to develop consensus on responsible use and to address important intellectual property concerns. Our culture and our technology must respect the foundational role that all creators play in AI’s ultimate output.”

Organizations interested in signing the petition can do so at www.humanartistrycampaign.com. 

France is ‘struggling’ to reach the paid subscription levels of other major music markets. Is TikTok partly to blame?SNEP report highlights slowdown in subscription streaming growth in key global territory
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RIAA and over 30 other groups launch AI campaign to support human creativitySignatories include the RIAA, the Recording Academy, SAG-AFTRA, SoundExchange and more
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Bandcamp workers launch bid to form unionBandcamp workers across multiple departments want to unionize and are calling on the company and owner Epic Games to allow a “timely and fair election.” The effort has affiliated with. Continue reading
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Recorded music market 2022 | Reality bitesFollowing a spectacular year of growth in 2021, global recorded music revenue growth slowed significantly in 2022 due to the combined impact of global economic headwinds and growth slowdown in mature streaming markets. Context, though, is everything – not many industries can deliver solid growth while the global economy is in turmoil, ad markets are falling and many emerging tech sectors are in crisis.

Global recorded music growth has oscillated in recent years, slowing in the pandemic, booming in 2021, and then returning to more modest growth in 2022.

2022 was a year of realignment for much of the global economy, and the music business had to contend not only with the wider trend of the cost-of-living-crisis, but also rising interest rates softening music catalogue M+A demand and the long expected streaming slowdown kicking in. It is testament to the solidity of the recorded music market that, despite these multiple headwinds, global revenues grew by 6.7% to reach $31.2 billion in 2022. While this was significantly down on the 24.8% registered in 2021, it illustrates the strong role music plays in consumers’ lives, especially in uncertain times when escapism and identity are more important than ever. The persistent value of music was even more strongly illustrated by music publishing, which grew by 16.6% in 2022.

Streaming was again the main driver of industry growth, with revenues up by $1.5 billion in 2022 (8.3% growth), though this was less than half the $4.2 billion added in 2021.  The slowdown was underpinned by a) slowing subscriptions growth in mature markets; b) a slowdown in ad-supported revenues, reflecting wider advertising market dynamics. Music subscriber growth was markedly stronger, up by 13.7% to 652 million, however, the more mature North America and Europe regions accounted for just a third of the growth. Emerging markets will become a progressively larger part of global streaming growth, but due to lower ARPU and low shares of Anglo repertoire, the divergence between growth revenue and subscriber growth rates seen in 2022 will become a long-term market characteristic.

Independent labels and artists direct both strongly out-performed the wider streaming market, growing streaming revenues by 13.9% and 17.9% respectively. In terms of total recorded music revenues, 

UMG added more recorded music revenue in 2022 than the other two majors, adding $0.5 billion to reach $9.2 billion, giving it a 29.5% share of the global recorded music market. UMG’s percentage growth (6.2%), though, was slower than SMG’s (8.7%), with SMG gaining 0.4 points of market share.

Artists direct (i.e., artists who release without labels, directly via a distributor) were the big success story once again, growing by 16.6% in 2022 to generate $1.7 billion of recorded music revenue, giving it a 5.7% market share, up from 5.2% in 2021. 

Independent labels also outgrew the wider market (up by 7.1%), and the combined market share of artists direct and independent labels reached 34.6% in 2022, up from 34.0% in 2021. Though it is worth noting that this does not include the additional revenue from independent labels distributed by major labels.

Combined, independent labels and artists direct, were the largest single market segment with $10.8 billion.

Though overall market growth was down in 2022 compared to 2021, 2021 was in many respects a year of artificially accentuated, post-Covid growth, while 2022 was at the opposite end of the scale, with a host of economic headwinds. In this context, 6.7% growth for 2022 could be considered even more of an achievement than the 24.8% achieved in 2021.

The full report and dataset (with quarterly revenue by segment and format going back to Q1 2015) will be shortly available to MIDiA clients. If you are not a MIDiA client and would like to learn how to get access to our research, data and analysis, email stephen@midiaresearch.com

Redefining independent artist success: Their narrative is not your narrative [Keith Jopling of MIDiA]Keith Jopling from MIDiA Research discusses how important it is for artists to keep control of their own careers apart from industry expectations and demands, along with advice on how. Continue reading
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Stephen Dusenberry & Ricky Ken on how (and when) music changed their lives foreverThe pivotal performances that convinced two renowned artists to build their lives around music are not what you might expect. by Michael Gallant of Disc Makers Blog Some artists may. Continue reading
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Apply to AES Educational Foundation 2023 Scholarships and GrantsThe Audio Engineering Society, celebrating “75 Years of Audio Innovation” in 2023, has announced details on this year’s AES Educational Foundation scholarships and grants. Applications for the annual AESEF Graduate Studies Grants and Mary Lea Simpson Memorial Scholarship for undergraduate studies are open to AES Student Members through May 15, 2023.

Since its establishment in 1984, the Foundation has awarded grants for graduate studies to hundreds of exceptional applicants, many of whom have gone on to prominent and successful careers in the audio engineering industry.

Graduate Studies Scholarships:Grants, including the named Scholarships, are awarded annually for exemplary students dedicated to the art and science of audio engineering. The AESEF Scholarship Committee selects the recipients of the memorial scholarships based on which student best meets the criteria for each named scholarship. Genelec Mike Chafee Audio Pioneering ScholarshipThis scholarship encourages passionate and outstanding women to continue their audio education while paying tribute to noted long-time Genelec manufacturer’s representative, audiophile, sound designer, acoustician, audio evangelist and supporter of women in audio, Michael Chafee. Chafee had been involved with Genelec since 1996 and is credited with being an early pioneer and key influencer in promoting the concept of Active Monitoring technology to the market.Dolby Institute ScholarshipThe Dolby Institute has partnered with AES to award the Dolby Institute Scholarship, open to international graduate students with an interest in content creation and the study of the science of sight and sound.

The John Eargle AwardThis award honors AES Past-President and Fellow, John Eargle, who authored several seminal textbooks on audio, as well as engineering more than 250 albums, and was posthumously awarded a Technical GRAMMY® Award in 2008. The scholarship is given annually to a student who excels in both technology and music.

L-Acoustics Dr. Christian Heil Future of Sound Scholarship This scholarship awards recipients who demonstrate curiosity and dedication to shaping the future of sound, including approaches that may question conventions or call upon bodies of scientific knowledge outside of the realm of audio. Students having pursued an undergraduate course of study in an area other than audio are encouraged to apply in the interest of enriching cross-disciplinary thinking and exchanges to further the state of the art.

Advancing Audio – The Tom Kite ScholarshipThis scholarship honors Kite’s legacy of dedication to engineering excellence in audio and audio measurement, as well as his achievements within the AES and as Vice President of Engineering of Audio Precision, the scholarship’s sponsor. It is offered to students who demonstrate creativity and imagination.

Genelec Dr. Ilpo Martikainen Audio Visionary ScholarshipCoinciding with its 40th anniversary in 2018, Genelec announced the creation of a scholarship honoring its innovative and entrepreneurial founder. The Genelec Dr. Ilpo Martikainen Audio Visionary Scholarship is offered annually to U.S. graduate students in the field of audio engineering who are members of the Audio Engineering Society and have a passion for advancing audio through innovation and technology development.

Garry Margolis ScholarshipAESEF’s latest scholarship has been established in honor of Garry Margolis, who passed in December 2022. Garry was a Life Fellow of the Audio Engineering Society, served as AES President and Treasurer, and was a member of the AES Board of Governors for many years. He was awarded the AES Distinguished Service Medal Award in 2019. Professionally, Garry worked for several leading audio companies in marketing, sales and as a technologist and consultant in the areas of audio, video and digital cinema. 

The Emil Torick Award This scholarship, awarded annually to an outstanding student with exceptional career goals, honors the former long-term AES Foundation President and founding member, Emil Torick. Torick held 16 patents and authored more than 60 technical publications. He served on the National Radio Systems Committee and was a member of the U.S. delegation to the International Radio Consultative Committee in Geneva.

Undergraduate Studies Scholarship:The Mary Lea Simpson Memorial ScholarshipThis scholarship covering full tuition for final year of studies is being offered to an undergraduate student entering senior year at a North American college or university Audio Engineering/Recording Arts Program. The scholarship honors Mary Lea Simpson, who was a graduate of the Audio Production Program at New England Institute of Art.

Historically, grants have been made possible by contributions from AES, Audio Precision, Dolby, Genelec, Harman International, JBL, L-Acoustics, the estate of John K. Hilliard, and the Mix Foundation for Excellence in Audio; the families of John Eargle, Mary Lea Simpson, David Smith, Emil Torick; and the family and friends of Larry Estrin, Don and Fran Pearson, and Bruce Swedien. The AES Educational Foundation also receives support from other benefactors such as in-memoriam donors and individuals and companies that support education in audio. 

Application forms and additional information online in the AES Educational Foundation web pages.

Avex Inc. CEO Katsumi Kuroiwa on Japan, the modern music business, and global expansionIn this feature, we speak to Katsumi Kuroiwa, President and CEO of Japan's Avex Group
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26% of Musicians skip meals due to cost of living, new survey findsOne in four professional musicians is skipping some meals because of the overall cost of living, according to a new survey. This recent survey of 301 professional UK musicians by. Continue reading
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