| We've covered the music business each day since 21 Jun 2002 Today's email is edition #5329 |
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| | | In todayâs CMU Daily: A booming live music sector and continued growth in the digital music market both contributed to an âŹ830 million increase in royalties collected by the worldâs songwriter collecting societies in 2023, according to the latest Global Collections Report published by CISAC
Also today: Black Lives In Music launched a new anti-racism code for the music industry at WOMEX this week and previewed new software which will help music companies track their diversity and inclusion work; Diddyâs legal team have written another letter to the court about the gagging order they want issued restricting what anyone involved in the criminal case against the musician can say in public
Plus: With the second edition of the Agents x Managers conference close, Matt Hanner, founder of live agency Runway, sat down with CMUâs Sam Taylor to talk about what being a live agent means today, not checking email at weekends, and why he wants his team to make more money than he does
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| | | Live music booming, but songwriters still not feeling the benefits of streaming, say latest CISAC stats | | Songwriter collecting societies brought in 7.6% more money last year, with total worldwide revenues of âŹ11.75 billion, according to CISAC. Thatâs up around âŹ830 million compared to 2022, with the boost driven by a booming live music sector, alongside steady growth in digital.
The live sector at large has now fully recovered from the COVID pandemic, meaning that the royalties received by writers and publishers from the performance of music hit âŹ3.06 billion, a 21.8% increase on 2022, and 12.7% more than in 2019. Performance revenues obviously took a major hit during the pandemic as live music shutdown and businesses that play music in public couldnât open.
âThe live and public performance income stream has bounced back buoyantlyâ, says Gadi Oron, Director General of CISAC, which brings together stats from all the songwriter societies around the world in its âGlobal Collections Reportâ.
That means, he goes on, âfor the first time, the amounts collected by CISAC societies for background music, live concerts, exhibitions and entertainment exceeded their 2019 pre-COVID level, fuelled by the growing number of live concerts and tours around the worldâ.
It was live music in particular that had a good year. While live and public performance income at large was up 21.8%, a review of 100 societies discovered that âcollections from live concerts and festivals grew 36.5%, and public performance licensing revenue rose by a smaller 10.9%â.
While live and public performance had impressive growth, it is the third biggest revenue generator overall... | | Read the full story | | |
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| | Matt Hanner, founder of live agency Runway, on this yearâs Agents x Managers Conference | | After last yearâs sold-out inaugural event, Runway - the independent live music booking agency founded by Matt Hanner - is returning to Londonâs Rich Mix with its Agents x Managers Conference on 4 Dec.
Born out of what was initially an internal training session, Hanner started the event to help people understand the modern ecosystem that drives live music. âI wanted to do something that gave people the broader strokes, to help them see how the landscape is as an independent company. As an agency we have to have conversations that span a fairly broad arena. We might be working with smaller teams, and so we have to have a good idea of whatâs going on out in the wider worldâ.
A big part of the motivation for the conference is a desire to âfoster better agent and manager relationshipsâ, says Hanner. âI think managers want more from us - as independent agents, working with independent teams, I thought it was really valuable to try and give people a broader understanding of what was going onâ.
âTwo years ago we staged the first event as a training day for our teamâ, continues Hanner. âWe booked some speakers for what was meant to be a team day and got carried away, really. It turned into a mini conferenceâ.
âWhat we inadvertently created was this forum where you could bring independent managers and agents together, to get into the middle bit of the venn diagram of the issues that are relevant to both sides - both in terms of live and careers, but also in terms of people and professionalsâ.
That foundation laid the groundwork for last yearâs bigger event...
| | Read the full interview with Matt Hanner |
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| | | Black Lives In Music launches anti-racism code for the music industry | | Black Lives In Music has launched a new Anti-Racism Code Of Conduct for the music industry described as a âgame-changing initiativeâ that aims to âcreate a future where equity is the standardâ.
Informed by the organisationâs âBeing Black In The Music Industryâ survey, which âfound conclusive evidence supporting the long-held beliefs about racial discrimination in the industryâ, the code sets out to âcreate an ecosystem within music in which no individual, group or organisation experiences discrimination or acts in a discriminatory manner on the basis of raceâ.
The code was launched at the WOMEX conference in Manchester, where BLiM also previewed EquiTrack, a new software that will help music companies to measure the success of their diversity and inclusion efforts.
That software, says the organisationâs co-founder and Director Of Operations Roger Wilson...
| | Read the full story |
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| | | Diddy lawyers say gagging order should restrict any government investigator with access to the case files | | Lawyers working for Sean âDiddyâ Combs have written to the New York court that is overseeing the criminal case against the musician about the gagging order they want issued. That gagging order will restrict what people involved in the case can say in public and the letter sets out the Combs teamâs disagreement with prosecutors on how it should be worded.
The letter says that it would have been better if Combsâ lawyers had been able to submit a joint proposal with prosecutors for how the gagging order should work but, âafter extensive back and forthâ, the two sides âwere unable to reach agreementâ.
And yet itâs increasingly urgent that a gagging order is put in place, the letter argues, because people working at the US governmentâs Department Of Homeland Security continue to leak information about the case to the media, which risks stopping Combs from receiving a fair trial.
The letter cites a recent article in Deadline where an unnamed âlaw enforcement source with knowledge of the caseâ commented on efforts by Combsâs team to identify the people who have accused the musician of sexual assault as part of the criminal case. âThis is all about shaming the alleged victimsâ, the anonymous source was quoted as saying, adding âtheyâll try anythingâ.
It also references some recent CNN reports, in which sources said...
| | Read the full story |
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