Music News Recap: Tallying Major & Indie Label Grammy Wins, UMG Releases Financials, VEVO Considers Subscriptions
Posted by Glen Sears | February 22, 2016 10:20 am | No Comments
Story of the Week
Grammy Scoreboard: Tallying the Major & Indie Label Wins
The Grammy scorecard for artists places Kendrick Lamar, Taylor Swift, Alabama Shakes and The Weeknd among the big winners at The Grammy’s — but a look at labels and groups shows a tighter race. Executives at the Universal Music Group and the Warner Music Group are, unofficially, each claiming 34 Grammy wins from their artists and songwriters, while Sony Music privately counts 32 wins. A2IM says its member labels’ artists were awarded 22 times.
On the publishing side, Sony/ATV claimed 31 Grammy winners by its songs and songwriters, including Swift’s 1989, which won album of the year; and “Uptown Funk!,” which won record of the year. At the Warner Music Group, executives there are claiming the wins for 18 of its recording artists and 16 of Warner/Chappell Music’s songwriters. At Universal Music Group, it’s 34 wins.
Finally, the indie label trade group A2IM also called last night a victory — with some of the artists already claimed by Sony and Warner. In indie publishing, Kobalt said its songwriters Max Martin, Shellback, Ryan Tedder worked on Swift’s album of the year, also noting that another of Kobalt’s songwriter/artists, Lionel Richie, was the recipient of a tribute, along with Skrillex taking Best Dance Recording, among other awards.
Top Music News Stories Last Week
Pandora Shares Post-Grammy Streaming Bump And It’s Very Different From Spotify’s. Unlike Spotify, where Michael Jackson and The Alabama Shakes saw a major uptick, on Pandora, 12 year old Joey Alexander saw an almost 1000% increase in station adds.
Universal Music Financials Boosted By Streaming Income… The company’s annual revenues rose by 2.7% in 2015 to $5.66B, including a 2.4% rise for recorded-music revenues to $4.52B, and 3% growth to $833m for its publishing income – the latter also “largely thanks to streaming and subscription growth”.
…While Analysts Say Streaming Will Never Be The Savior Of The Music Economy. “The fact that services like Spotify and Apple Music typically only engage users at a base level and usually fail to effectively monetize them bodes poorly for streaming, suggesting it’s not a business model to be relied on.”
Vevo Considering Music Video Subscription Service. CEO Erik Huggers told the crowd at the Code/Media 2016 conference in Dana Point, Calif., on Wednesday night that a “more premium” subscription product is something that he’s considered since taking the helm of the music video portal last April.
Spotify Attempts to Dismantle Class Action Suit Over Royalties in New Filing… Spotify’s response to Lowery, filed on Feb. 12 by Mayer Brown LLP, enumerates the many problems with record-keeping in the record business in an attempt to dismantle the suit’s class action certification.
…While It Closes in on 30M Subscribers.If Spotify reaches 30 million subscribers and Apple Music has 11 million – as it recently announced – that’s 41 million subscribers between these two services. Last year, the IFPI said that at the end of 2014, there were a total of 41 million music subscribers globally, across all services.
D.C. Board Provides Clarification on Yearly Webcasting Rate Increases. The important clarification regarding the 2016 to 2020 webcasting rate increase schedule, first released in December, says the change in the annual statutory royalty rate paid by webcasters will reflect cost of living increases over the next five years.
Sony Music Reverses YouTube Takedown Of Lecture About Music Copyrights By Harvard Law Professor. Apparently bowing to public pressure, Sony Music Entertainment has withdrawn their take down order for a YouTube video of a lecture on music copyrights by a Harvard Law professor.
Kesha Loses Dr. Luke Contract Dispute, Taylor Swift Donates $250K To Help Embattled Singer. Kesha lost a major round in her battle with producer Dr. Luke on Friday, but Taylor Swift offered the beleaguered singer a ray of hope with a $250,000 donation.
Our best wishes for a great week! – MediaNet
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