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28.11.14 Music Week 3


MARKET SHARES WEEK 47: TOP 75 SHARE BY CORPORATE GROUP


ARTIST SINGLES ■ Universal 49.04% ■ Sony 29.70% ■ Warner 17.68% ■ Others 3.58%


ARTIST ALBUMS ■ Universal 31.48% ■ Sony 39.92% ■ Warner 21.42% ■ Others 7.17%


ALL ALBUMS (Combined Artists & Compilation Albums) ■ Universal Music 28.24% ■ Sony Music 34.22% ■ Warner Music 17.75% ■ Sony /Universal 6.44% ■ Sony /Warner (1/3) 1.84% ■ Sony /Universal/Warner (65/25/10) 2.68% ■ Sony /Universal/Warner (42/42/16) 1.32% ■ Others (See breakdown to right) 7.58%


WEEK 47: TOP 75 SHARE BY RECORD COMPANY


CV launches royalty firm MRC WILL HELP SIMPLIFY STREAMING DATA


ROYALTIES n BY TIM INGHAM


BMG RIGHTS 2.24%


DEMON MUSIC GROUP 1.11% KOBALT MUSIC GROUP 0.42% MINISTRY OF SOUND GROUP 3.48% UNIVERSAL MUSIC1/WARNER MUSIC3 0.33%


R


oyalty reports received by publishers and labels from streaming services are beginning to present a


hazardous amount of data for independent companies - but Cooking Vinyl thinks it can provide the solution. The well-known indie label group has co-founded a new firm, the Music Royalty Co (MRC), which it says will help rights- holders cope with the growth in data associated with services such as Spotify, Deezer and YouTube. Cooking Vinyl says that MRC’s USP


ARTIST SINGLES ■ RCA Label Group 14.18% ■ Virgin EMI 26.88% ■ Polydor 6.28% ■ Island 4.30% ■ Atlantic 12.77% ■ Columbia 9.82%


■ Others 25.76% Capitol 5.25% Decca 3.21% Island Virgin Emi 0.31% Ministry Of Sound 2.28% Parlophone 4.35% Rca/virgin Emi/warner Bros 0.33% Sour Mash 0.97% Syco Music 5.70% Umc 1.17% Umtv 1.63% Warner Bros 0.56%


ARTIST ALBUMS ■ Polydor 2.09% ■ Virgin EMI 8.30% ■ RCA Label Group 2.61% ■ Island 6.98% ■ Atlantic 8.62% ■ Columbia 11.82%


■ Others 59.57% Bmg Rights 1.49% Capitol 5.92% Caroline 0.25% Decca 7.94% Demon Music 1.40% Metal & Dust Recordings 0.37% Nuclear Blast 0.26% Parlophone 0.41%


Rca1/rhino (Warners) 2.32% Rhino (Warners) 10.51% Roadrunner 0.30% Sony Music Cg 5.45% Syco Music 20.03% Union Square Music 1.34% Warner Bros 1.58%


YEAR TO DATE: TOTAL MARKET SHARES BY CORPORATE GROUP


SINGLES ■ Universal 38.5% ■ Sony 23.0% ■ Warner 17.4% ■ Others 14.8% Ministry - 0.9% Infectious Music - 0.4% XL Beggars - 1.5% BMG Rights - 0.6% Domino - 0.8% PIAS - 0.6%


ALL ALBUMS ■ Universal Music 34.3% ■ Sony Music 22.2% ■ Warner Music 17.5% ■ Minstry Of Sound 3.2% ■ Demon Music Group 1.5%


ARTIST ALBUMS ■ Universal 33.5% ■ Sony 21.5% ■ Warner 20.4% ■ Others 18.7% XL Beggars 1.5% Domino Recordings 1.0% Demon Music Group 0.8% Cooking Vinyl 0.4% BMG Rights 0.8% Ministry Of Sound 0.6%


■ XL Beggars 1.1% ■ Domino Recordings 0.8% ■ Union Square Music 0.8% ■ Delta 0.7% ■ BMG Rights 0.7% ■ Others 17.2%


YEAR TO DATE: TOTAL MARKET SHARES BY RECORD COMPANY


SINGLES ■ Virgin EMI 12.9% ■ RCA 11.9% ■ Polydor 9.7% ■ Island - 8.4% ■ Atlantic Records UK 7.0% ■ Warner Bros - 5.0% ■ Columbia Label Group - 6.2% ■ Parlophone - 3.8% ■ Capitol - 2.3% ■ UMC - 1.8% ■ Others - 31.0%


ARTIST ALBUMS ■ Virgin EMI- 10.0% ■ Polydor- 7.8% ■ RCA - 6.6% ■ Columbia Label Group - 7.0% ■ Island - 5.4% ■ Warner Bros- 4.2% ■ Atlantic Records UK - 6.1% ■ Sony Music CG - 4.9% ■ Rhino (Warner) - 4.6% ■ Parlophone- 4.1% ■ Others - 39.4%


is its team’s accountancy nous. This enables it to look beyond just auditing to understand whether the data received in the first place is correct – a valuable service, given what it says are a worrying number of accounting errors currently occurring early in the supply chain. Utilising popular professional royalty accounting software Counterpoint, MRC also offers audits US mechanicals, PPL registrations, and CWR files for copyright society registrations, alongside a full accountancy offering. MRC says it has also invested significantly in its IT systems to ensure fast processing times and complete security around sensitive client data, including protected backups. Likewise, the company’s online portal enables clients to securely upload data and files directly to its servers. Based out of offices in London Bridge


from January, MRC will be managed by co-owner Ray Bush (pictured), who has been head of finance for Essential Music


& Marketing for the last four years. The MRC team also consists of former


Cooking Vinyl staff Tegan Sims (head of royalties) and Sam Difford (office manager), and Gerri Geraghty who is joining the company as consultant. Together with Bush they have produced over 40,000 statements between them. Cooking Vinyl MD Martin Goldschmidt and Essential MD Mike Chadwick serve as directors of MRCA. As well as delivering royalty services to


Cooking Vinyl Records, Essential Music & Marketing, Cooking Vinyl Publishing, CV America and Cooking Vinyl Australia, MRC will work with external clients such as R&S Records. Replacing Bush as Essential’s head of


finance will be Joe Gilbert who currently works as management accountant for Cooking Vinyl. “The explosion in data analysis caused


by streaming means there’s never been a more important time for companies to get their royalty processes straight,” said Bush. We believe that there’s a real gap in the market for a company like MRC.”


BRIT Critics’ Choice nominees named


The shortlist for the BRIT Awards Critics’ Choice Award has been revealed. James Bay, George The Poet and Years & Years will do battle for the prize, which identifies the best future British music stars. Since the category was introduced


in 2008, the winners - Adele, Florence And The Machine, Ellie Goulding, Jessie J, Emile Sande, Tom Odell and Sam Smith have all gone on to enjoy both domestic and international success, selling in excess of 15 million albums between them in the UK alone. 2014’s winner Sam Smith achieved


a No.1 album earlier this year with his debut In The Lonely Hour, and two No.1 singles, with a sell out UK tour including three nights at London’s Brixton Academy next March. The BRITs Critics’ Choice Award is chosen by a panel of music industry


experts and tastemakers including music editors of national newspapers, magazines and websites as well as key players from major TV and radio stations. Artists are eligible for consideration if


they are signed to a record label and are set to release their debut album in 2015. The final three were selected from a list of over 100 candidates from a variety of music genres. Upon today’s announcement of the


shortlist, the three nominated artists have been inducted into the BRITs Voting Academy and are now eligible themselves to vote for The BRIT Awards 2015. The 2015 Critics’ Choice winner will


be announced on Thursday, December 4. The BRIT Awards 2015 with MasterCard take place Wednesday 25 February at The O2 and will be exclusively broadcast on ITV.


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