MBW’s Weekly Roundup: Epidemic Sound, Songtradr, IFPI, TuneCore, NFTs

Welcome to Tune Alternate Worldwide’s weekly round-up – the place we assemble specific you caught the 5 obedient tales to hit our headlines over the earlier seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s easiest-promoting artists maximise their earnings and nick their touring prices.


This week, Swedish track firm Epidemic Sound [22 articles]”>Epidemic Sound took on a $450 million funding spherical, which affords the well-known talked-about company a $1.4 billion valuation.

Within the interim, B2B track licensing market Songtradr [30 articles]”>Songtradr has obtained award-a hit Sydney-based principally track and sound assemble firm Tune Zu in a ‘multi-million greenback transaction’.

In diversified locations, world recorded track physique IFPI [358 articles]”>IFPI named BTS as a result of the world’s obedient-promoting recording artist final yr, however for the numerous time ever, no British acts made the Excessive 10.

Additionally, Choose [152 articles]”>Choose-owned DIY distribution platform TuneCore [96 articles]”>TuneCore has launched operations all through Latin The US headed up by Bruno Duque, whereas song-linked NFT product sales have topped $25m inside the earlier month.


1) EPIDEMIC SOUND VALUED AT $1.4BN AS BLACKSTONE JOINS $450M INVESTMENT ROUND IN SWEDISH COMPANY

Grand talked-about Swedish track firm Epidemic Sound has acceptable taken on a $450 million funding spherical – together with money from funding large Blackstone.

The funding sees Blackstone Progress (BXG) group up with EQT Progress inside the spherical, which affords Epidemic Sound a $1.4 billion valuation.

Epidemic Sound’s distinctive buyers before these days integrated Creandum and EQT Mid-Market, along with as Atwater Capital.

Epidemic Sound, which was based in 2009, acknowledged that the current funding would “be frail to additional hurry [our] buyer acquisition and make investments much more aggressively in [our] core specific particular person experience”….


2) SONGTRADR ACQUIRES MUSIC AND SOUND DESIGN COMPANY SONG ZU IN MULTI-MILLION DOLLAR DEAL

B2B track licensing market Songtradr has obtained award-a hit Sydney-based principally track and sound assemble firm Tune Zu, which operates inside the Australia and Asia Pacific put aside, with studios in Sydney and Singapore.

Described as a ‘multi-million greenback transaction’, the deal marks Songtradr’s 2nd important acquisition this means that of the completion of its Sequence C funding spherical in July 2020 the place the corporate raised $30 million.

Los Angeles-based principally Songtradr obtained UK-based principally boutique sync licensing firm, Cuesongs in November.

Tune Zu will assemble section of Songtradr’s trustworthy now not too prolonged inside the past-launched platform, Vinyl by Songtradr, alongside obtained companies Gigantic Sync Tune (obtained by Songtradr in February 2019) and Cuesongs…


3) BTS WERE THE WORLD’S BIGGEST-SELLING RECORDING ARTIST LAST YEAR. BUT FOR THE FIRST TIME EVER, NO BRITISH ACTS MADE THE TOP 10.

Yearly, world recorded track physique IFPI publishes a Excessive 10 guidelines of artists, reflecting the obedient income-generating acts all through all codecs all through the prior calendar’s 12 months.

The guidelines for 2020 was launched by IFPI final week, and is historical for a pair of causes. First and vital, it’s led by a non-US or UK artist for the numerous time, with BTS pipping Taylor Swift and Drake to the tip enlighten.

Secondly, artists whose recorded track is/was affiliated with Stylish Tune Neighborhood [2,181 articles]”>Stylish Tune Neighborhood buy at least 9 spots inside the complete Excessive 10.

(Technically that’s 9-level-one factor when you embody BTS: lots of the Ok-pop stars’ track is launched by Gigantic Hit / Sony Tune Leisure [931 articles]”>Sony Tune in important worldwide territories, however their Jap-language recordings struggle via Gigantic Hit / Stylish Tune Japan.)…


4) TuneCore launches operations in Latin The US, headed up by Bruno Duque

Choose-owned DIY distribution platform TuneCore has launched operations all through Latin The US.

TuneCore LATAM will toughen artists in Mexico, Colombia, Argentina, Peru, Chile, Brazil, Domican Republic Data [246 articles]”>Republic, Puerto Rico and Spain.

The journey follows the launch of the corporate’s operations in Africa final month.

TuneCore LATAM might be headed up by Bruno Duque, who began his career at Sony Tune in Los Angeles inside the Latin Tune Division before segueing into different areas of the commerce…


5) MUSIC-RELATED NFT SALES HAVE TOPPED $25M IN THE PAST MONTH

The jury’s out on whether or not non-fungible tokens (NFTs) are a track commerce fad – or a transformative harbinger of the commerce’s future. Each attain, they’re booming.

Last month it was reported that the digital collectables had generated over $100 million in product sales in precisely 30 days all through different leisure codecs.

Now, NFTs are beginning as much as prevail in mainstream traction inside the track commerce, as evidenced by the flurry of information inside the last few weeks from celeb artists selling tens of millions of dollars charge of the digital sources to their followers.

Furthermore, acceptable these days, MBW reported that video video games stamp Atari is moving into into the NFT commerce in an infinite attain, partnering with Bondly, an e-commerce platform for digital sources, to launch NFTs all through gaming, track and different areas.

Proper right here’s a recap of acceptable a pair of of track’s (and musicians’) current NFT product sales, which add as much as complete earnings of at least $25 million inside the earlier month on my own…


Welcome to Tune Alternate Worldwide’s weekly round-up – the place we assemble specific you caught the 5 obedient tales to hit our headlines over the earlier seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s easiest-promoting artists maximise their earnings and nick their touring prices.

 Tune Alternate Worldwide

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