From BMG’s alliance with investment firm Pimco to Sir Lucian Grainge’s message for 2022 – it’s MBW’s weekly recap

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Anyone who follows MBW’s coverage of the global music business over the past 12 months will surely have noticed something:

Hardly a week goes by without news to draw attention to a major music rights deal or a new big-money player entering the music rights acquisition space.

This week brought news of both.

Today (January 14) we learned that the investment giant Pimco has closed an alliance with asset portfolio worth $ 2.21 BILLION, more than the investment giants about $ 234 billion), Apollo Global Management (about $ 455 billion) and Blackstone (around $ 649 billion) set.

We also learned this week that the acquisition

Photo credit: Giorgio Trovato

1) AT LEAST $ 5 BILLION WAS SPENT ON MUSIC RIGHTS ACQUISITIONS IN 2021. COULD 2022 BE EVEN BIGGER?

The music rights market was on fire in 2021.

MBW estimates, based on confirmed pricing and information from industry sources, that at least $ 5.05 billion was spent on catalog and music rights acquisitions in the more than 60 big money deals we reported over the past year.

That figure includes deals for individual catalogs sold by artists and songwriters, as well as acquisitions of music rights portfolios (including those owned by active labels / publishers) by companies of other companies …


2) PIMCO, ONE OF THE LARGEST INVESTMENT COMPANIES IN THE WORLD, TURNS ITS ATTENTION TO THE RIGHTS OF MUSIC

Towards the end of last year, MBW published the now infamous headline: Here Come the Giants.
It was in reference to three big hitters from the investment community – Blackstone, Apollo Global Management and KKR – who decided to cumulatively funnel billions of dollars into acquiring music rights.

Today (January 14), we learn that another big name in the world of finance, Pimco, is also entering the fray.

The Financial Times reports that Pimco has teamed up with BMG to jointly acquire the copyrights to the songs …


3) WARNER ACQUIRES AFRICORI-BASED MUSIC DISTRIBUTOR

Warner Music Group (WMG) has acquired a majority stake in Africori, a leading African music distribution, music rights management and artist development company.

With offices in Johannesburg, London and Lagos, Africori currently serves 7,000 artists and 850 clients and reports that in 2021, its artists generated hundreds of millions of audio streams and billions of

4) PRIMARY WAVE DONATIONS $ 60M IN PARTICIPATION IN THE PAUL RODGERS AND AMERICA CATALOGS

Primary Wave Music recently secured two new catalog deals for a combined total of $ 60 million.

First, the firm has spent $ 20 million on a stake in Paul Rodgers’ music publishing catalog for Free and Bad Company, as well as its master recording revenue streams for both bands.

Second, Primary Wave has acquired the rights to Gerry Beckley and Dewey Bunnell in the music catalog of America, in a deal valued at $ 40 million.

The value of both acquisitions was reported by the Wall Street Journal, which, citing people close to the deals, claims that both took place in 2021.

The WSJ also reports that Primary Wave, which has more than a billion dollars to spend on music rights, “is preparing to spend between 500 and 600 million dollars” this year …


5) READ SIR LUCIAN GRAINGE’S 2022 MESSAGE TO THE UNIVERSAL MUSIC GROUP WORKFORCE

Universal Music Group Chairman and CEO Sir Lucian Grainge sent a powerful memorandum to his company staff this week to celebrate the new year.

Within the note, obtained by MBW, Grainge praises and thanks UMG’s global workforce for their “determination and commitment” in 2021, and for what the company accomplished last year despite the challenges presented by the pandemic.

In fact, Grainge writes that, for UMG’s business, 2021 was “in a word, phenomenal” … (MBW)


MBW’s Weekly Round-Up is supported by Centtrip, which helps more than 500 of the world’s best-selling artists maximize their revenue and lower their touring costs.Music business around the world

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