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Welcome to Music Enterprise Worldwide’s weekly round-up – the place we ensure that you caught the 5 largest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their earnings and scale back their touring prices.
Additionally this week, Common Music Group launched a three way partnership with WTSL, the Silver Lake-backed funding agency based by Hollywood agent and WME co-founder Patrick Whitesell.
In the meantime, we discovered that legendary UK unbiased music firm Cooking Vinyl will probably be acquired by US-headquartered Exceleration Music.
Elsewhere, on Wednesday (June 11) The Nationwide Music Publishers’ Affiliation (NMPA) stated that Spotify‘s ‘bundling’ transfer may value music publishers $3.1 billion by 2032.
Lastly, Harbourview Fairness Companions secured $500 million in debt refinancing, led by funding large KKR.
Rob Stringer, the Chairman of Sony Music Group and CEO of Sony Music Leisure, up to date traders on the music firm’s efficiency and technique on Friday morning (June 13).
Delivered as a part of Sony Group’s 2025 Enterprise Phase Presentation for traders, Stringer lined Sony’s monetary efficiency, catalog offers, distribution technique, AI alternatives, music streaming subscription costs, and extra. He additionally took half in a hearth chat with Justin Hill, Senior Vice President, Finance & Investor Relations, Sony Company of America.
Through the presentation, Stringer revealed Sony “accomplished greater than 60 investments up to now yr alone” and spent “over $2.5 billion for frontline, catalog, in addition to artistic and repair ventures with outdoors entrepreneurs throughout an enormous variety of territories.”
Stringer mentioned Sony’s technique in higher element throughout the presentation and Q&A. Listed below are seven extra issues it is best to know…
Patrick Whitesell credit score: DFree / Shutterstock.com / Sir Lucian Grainge credit score Photograph: Austin Hargrave
Common Music Group has fashioned a three way partnership with WTSL, the Silver Lake-backed funding agency based by distinguished Hollywood agent and WME co-founder, Patrick Whitesell.
In keeping with the official announcement, the enterprise’s aim is to “speed up business alternatives for UMG’s artists and artist estates in quickly rising areas outdoors conventional recorded music and music publishing”.
The press launch added that the JV will pursue alternatives that “lengthen music’s worth throughout movie, tv, style, client merchandise, branded experiences, and different rising progress areas.”
Exceleration Music has entered into an settlement to amass iconic UK-headquartered unbiased music firm Cooking Vinyl, which it describes as “one of many UK’s most profitable and long-standing music corporations”.
Based in 1986, Cooking Vinyl is residence to a roster of artists that features Shed Seven, Suzanne Vega, Passenger, The Prodigy, The Cranberries, Billy Bragg, The Darkness, Deacon Blue, 47 Soul, Roger Waters and The Jesus and Mary Chain.
Exceleration stated on Monday (June 9) that Cooking Vinyl will proceed to function independently, led by Managing Director Rob Collins and his crew.
The Nationwide Music Publishers’ Affiliation initiatives that music publishers will “lose over $3.1 billion” by 2032 because of Spotify‘s audiobook “bundling practices”.
That’s in keeping with Government Vice President and Basic Counsel Danielle Aguirre, who, talking on the NMPA’s 2025 Annual Assembly in New York on Wednesday (June 11), detailed how Spotify‘s determination to reclassify its premium music service as a bundled providing in March 2024 has, “by Spotify’s personal numbers” resulted in a $230 million loss for publishers throughout its first yr of implementation.
Aguirre added that “these losses will proceed if we will’t reverse or right Spotify’s actions. Actually, if we don’t cease them, we’re projected to lose over $3.1 billion by the subsequent CRB interval,” which will probably be Phonorecords V, which determines mechanical royalty charges for 2028 by 2032.
HarbourView Fairness Companions has secured $500 million in extra debt financing from funding large KKR, secured through a personal securitization backed by its music portfolio.
This newest transaction follows a earlier $500 million in debt financing secured by HarbourView in March 2024, by a personal securitization backed by its catalog of music royalties, and led by KKR.
Citing an interview with HarbourView Founder and CEO Sherrese Clarke on Monday (June 9), Bloomberg reported that the corporate plans to make use of the brand new financing “to scale up, so as to add to its portfolio of music content material and to push deeper into movie and TV-rights administration”.
