News News in brief UNIVERSAL MUSIC PUBLISHING GROUP Mission accomplished? Top execs
preach caution after IFPI report INDUSTRY ON “PATH TO RECOVERY”, SAYS WARNER COMMERCIAL CHIEF
LABELS BY JAMES HANLEY
Jack White has signed his first-ever global, multi-year publishing agreement with Universal Music Publishing Group (UMPG) to administer his entire song catalogue, including work with The White Stripes, The Raconteurs and The Dead Weather.
BMG
BMG has promoted Keith Hauprich to the role of general counsel and SVP, business and legal affairs, North America. He previously served as deputy general counsel at the company.
SHANIA TWAIN
Shania Twain has revealed that her new single Life’s About To Get Good will be released in June. The song will be taken from her upcoming new album - her first in 15 years - which is scheduled for release in September.
SACEM
Quincy Jones has been presented with a SACEM medal in recognition of his outstanding contribution to music. The Society of Authors, Composers and Publishers of Music honoured the legendary musician and producer – who has worked with Michael Jackson, Céline Dion, Frank Sinatra, Aretha Franklin and more – during a special ceremony in Los Angeles.
BRISTOL COLSTON HALL
Bristol Colston Hall is to be renamed for its 2020 relaunch to remove its association with 17th century slave trader, Edward Colston. The move was announced as operator Bristol Music Trust (BMT) revealed its £48.8 million redevelopment programme for the venue, which celebrates its 150th anniversary this year.
IMAGEM
Imagem USA has confirmed the extension of its decades-long publishing and brand management agreement with The Irving Berlin Music Company.
Mixmag CEO planning big changes for Kerrang!
Jerry Perkins, CEO at Mixmag Media, has told Music Week that he expects rock weekly Kerrang! to go monthly by the end of 2017, after acquiring the brand from Bauer Media last week.
One of the rock and metal world’s most influential magazines, Kerrang! is expected to move from weekly to monthly publication within the next five months, in an unprecedented move for the brand. Perkins’ focus will now be to replicate the company’s success with dance magazine Mixmag by developing its digital offering. “The plan is to do what we’ve done with Mixmag, because that’s the road map,” Perkins said. “It’s to
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look at a video-first strategy and a digital strategy to unite the different groups of kindred spirits around the world into one global platform. We’ll be investing in the website, video and the social media platforms.” Despite the genre differences between Kerrang! and Mixmag, Perkins believes they are an ideal fit “The two audiences are the opposite sides of the same coin,” he said. “They are passionate tribes and similar in terms of their attitudes.” While Mixmag has taken on the brand’s magazine, website and socials, Kerrang! TV and radio will remain with Bauer. The magazine currently has a print circulation figure of 18,462.
MUSIC Week M
ajor label executives have warned there will be “bumps in the road” ahead,
despite the global recorded music market growing by 5.9% to £12.16 billion last year. The rise compares with 3.2% growth in 2015 and sees digital income account for half the global recorded music industry’s annual revenue for the first time.
The findings formed part of IFPI’s latest Global Music Report, which
revealed that there were 112 million users of paid music streaming subscriptions by the end of 2016, driving a year-on-year streaming revenue increase of 60.4%.
“We still have a long way to go but we’re on the path to recovery,” Stu Bergen, Warner Music Group’s CEO, international and global commercial services, told Music Week. “We’re hoping growth will happen everywhere in the world, but it will happen at different speeds in different places. “Growth doesn’t always come in a straight line. You will see bumps in the road.”
Dennis Kooker, Sony Music president, global digital business and US sales, said that, although the results were encouraging, it was too early to tell if the growth was sustainable. “To think that we can say ‘problem solved’ would be unbelievably naïve,” he said. “There’s still a lot of work to do, there’s still an amazing amount of transformation and transition that’s happening in the industry, there’s still disruption. “In order to get to a sustainable growth point, it’s going to be driven by paid subscribers - we’ve
Optimistic signs: (L-R): IFPI CEO Frances Moore, Stu Bergen, Dennis Kooker, UMG EVP digital strategy Michael Nash
got to keep growing the paid subscriber base. Generally, what we’re seeing is this shift from ownership to access, with paid subscriptions benefiting us in just about every market. “I think we would happy if we could look back five years from now and see the kind of numbers that we saw this year, consistently, year-on-year.” The streaming boom compensated for a 20.5% slump in downloads and a 7.6% decline in physical revenue. Streaming has also helped drive growth in emerging markets, with China, India and Mexico each experiencing significant revenue growth. In the US, revenues grew 7.9%, a major increase on 2015’s growth of 1.5%, while Europe was up by 4%.
“This is modest growth and there are optimistic signs,” said IFPI director of insight David Price. “The growth in streaming is a particularly optimistic sign, but we have to balance that out against the declines we are seeing elsewhere. I do think though, that 2016 marks itself out as the point where streaming really started to make itself felt as a major revenue source in a lot of the major markets.”
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