Sam Taylor - CMU | the music business explained (Page 9)

Mean Millennials scrap streaming subscriptions, mail order music is booming - and Apple Music might be making £500 million or more in the UK

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ERA • 5 min read

Mean Millennials scrap streaming subscriptions, mail order music is booming - and Apple Music might be making £500 million or more in the UK

ERA’s annual stats bang shows a whole bunch of interesting things - including a booming market for mail order music, a declining audiobook opportunity - and a strong correlation with IFPI’s global stats…

Sam Taylor • 06 Mar 2024

Hipgnosis Songs Fund takes a haircut - and might have bigger problems to come

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Hipgnosis • 5 min read

Hipgnosis Songs Fund takes a haircut - and might have bigger problems to come

When City types talk about haircuts they might mean a short back and sides - but might also mean something has tanked in value. “My hedge fund took a haircut last week, so the new Ferrari will have to wait”. Hipgnosis has opened the wine, reached for the clippers and gone for a number two all over.…

Sam Taylor • 05 Mar 2024

Dodgy distributor 3tone linked to company being investigated by Serious Fraud Office

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3tone • 6 min read

Dodgy distributor 3tone linked to company being investigated by Serious Fraud Office

The collapse of pre-paid funeral provider Safe Hands is being investigated by the Serious Fraud Office - with millions of pounds flowing through companies associated with 3tone investor Carlton James…

Sam Taylor • 01 Mar 2024

€111 million in TikTok revenue is nothing when you’re Lucian Grainge - but, he says, “my phone is always open” if Shou Zi Chew wants to be friends again

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Universal Music • 8 min read

€111 million in TikTok revenue is nothing when you’re Lucian Grainge - but, he says, “my phone is always open” if Shou Zi Chew wants to be friends again

The Lucian-Shou bromance is over, and Lucian would like Shou to know that he really doesn’t care and they were never really friends anyway. So much so that he spent an hour telling everyone just how much he doesn’t care. Really. Doesn’t care. Not at all.…

Sam Taylor • 29 Feb 2024

Universal Music made €11.1 billion in 2023; CEO hits out at TikTok on earnings call

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Universal Music • 3 min read

Universal Music made €11.1 billion in 2023; CEO hits out at TikTok on earnings call

Universal's "former deal" with TikTok made €111 million in 2023 says Lucian Grainge but "his phone is open 24 hours a day. We hope that we will be able to find solutions".…

Sam Taylor • 28 Feb 2024

In Conversation: MMF Accelerator alumni - Frances Barber Shillito, Leon Wright, Sadé Lawson

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• 9 min read

In Conversation: MMF Accelerator alumni - Frances Barber Shillito, Leon Wright, Sadé Lawson

With the application deadline for this year’s Accelerator Programme coming up, CMU’s Sam Taylor sat down with three Accelerator alumni to find out more about the programme and how it helps managers.…

Sam Taylor • 23 Feb 2024

Hipgnosis Songs Fund is looking for a new company to value its catalogues

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Hipgnosis • 2 min read

Hipgnosis Songs Fund is looking for a new company to value its catalogues

The company that valued the catalogues owned by the Hipgnosis Songs Fund has quit, it has emerged - Citrin Cooperman stood down from that role after the fund’s board raised concerns about the valuation it had calculated…

Chris Cooke & Sam Taylor • 13 Feb 2024

Believe is going private and - backed by hypergrowth investors - has its sights set on being music’s “first global major independent”

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Believe • 6 min read

Believe is going private and - backed by hypergrowth investors - has its sights set on being music’s “first global major independent”

Denis Ladegaillerie is taking Believe private in a deal backed by investors TCV and EQT that could mark the start of an intensely competitive deal landscape for the music industry over the next few years.…

Sam Taylor • 12 Feb 2024

Warner Music’s Kyncl goes big on importance of major labels and data, says he is confident UMG TikTok dispute will be resolved

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Warner Music • 3 min read

Warner Music’s Kyncl goes big on importance of major labels and data, says he is confident UMG TikTok dispute will be resolved

Speaking to investors on a call about Warner Music’s Q4 earnings, CEO Robert Kyncl said that major music companies are only becoming more important as technology advances. He also said that he is “confident” that Universal and TikTok will resolve their current dispute and agree a new licensing deal…

Sam Taylor • 08 Feb 2024

Spanish distributor SonoSuite reached out to DSPs on behalf of dodgy distributor 3tone - but now claims “3tone is not a client”

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3tone • 4 min read

Spanish distributor SonoSuite reached out to DSPs on behalf of dodgy distributor 3tone - but now claims “3tone is not a client”

After one back end distributor refused to take on 3tone’s business last week, another, SonoSuite started reaching out to DSPs on 3tone’s behalf - only to claim that 3tone were not a client when challenged by CMU…

Sam Taylor • 08 Feb 2024

Spotify CEO slams Apple in earnings calls and hints at more job cuts

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Spotify • 3 min read

Spotify CEO slams Apple in earnings calls and hints at more job cuts

As Spotify releases its earnings for Q4 2023 - which show the company lost €446 million in 2023 - CEO Daniel Ek criticised Apple’s approach to implementing the EU Digital Markets Act and warned that there may be more job cuts coming.…

Sam Taylor • 06 Feb 2024

Dodgy distributor 3tone has lost its ability to distribute music

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3tone • 3 min read

Dodgy distributor 3tone has lost its ability to distribute music

To lose one distribution partner in a week may be regarded as misfortune; to lose two looks like carelessness. As 3tone looks to be entering the end game, questions remain for the industry about how it was able to operate for so long…

Sam Taylor • 02 Feb 2024