Music Business Worldwide

Music Business Worldwide (MBW)

Music Business Worldwide (MBW) is the leading information and jobs service for the global music industry. It publishes two podcasts: The weekly series, Talking Trends – which dives behind the biggest headlines in the music industry – as well as The MBW Podcast, which sees us interview some of the leading figures in the global business.

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Episodes

‘When artists say they want to be independent, what they really mean is they want to be autonomous.'
4d ago
‘When artists say they want to be independent, what they really mean is they want to be autonomous.'
On the latest Music Business Worldwide podcast, MBW founder Tim Ingham is joined by Milana Rabkin Lewis, the founder and CEO of Los Angeles-based Stem, a distribution and services company, including financial services for independent artists.Stem has had a big 12 months. A major highlight arrived last summer when the company announced it had secured a $250 million credit agreement with Victory Park Capital, which has transformed the size and scope of artist advances that Stem can offer.For a firm that has grown used to seeing some of its biggest independent artists jump to major label deals, that $250 million raise is something of a game changer for Stem and Milana.Long-term listeners to MBW's podcasts may remember that this isn't Milana’s first time speaking to us. She last appeared on this podcast four years ago, just at the tip of the pandemic, and she volunteered a number of predictions about the music businesses in the years ahead, many of which have already come true, or at least partly come true.On this podcast, Milana and Tim discuss – with some agreement, but not always – several crucial topics in the music business right now, from TikTok versus Universal Music Group to artist-centric streaming royalties to artificial intelligence, and of course Stem, and why Milana truly believes she is building a music company fit for the future.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
Aaron Bay-Schuck on Zach Bryan, Warner Records' resurgence, and why you 'can't microwave artist development'
Mar 6 2024
Aaron Bay-Schuck on Zach Bryan, Warner Records' resurgence, and why you 'can't microwave artist development'
On this Music Business Worldwide Podcast, MBW founder, Tim Ingham, interviews Aaron Bay-Schuck, the CEO and co-Chairman of Warner Records in Los Angeles.Right now, Warner Records is on fire like no other time in its recent history. It's seeing blockbuster success from several artists who, according to Bay-Schuck, are all true artist propositions – in this industry for the long-term, rather than just a quick streaming or TikTok hit.These artists include the likes of Teddy Swims, Benson Boone, Dua Lipa, and – not least – country star Zach Bryan, whose No.1 US single, I Remember Everything (feat. Kacey Musgraves), continues to bounce around the Top 10 of the Billboard Hot 100... despite being released last summer. Alongside his fellow co-Chairman, Tom Corson, Aaron Bay-Schuck last year led Warner Records to become the fourth biggest frontline record company in the US. According to Billboard, Warner Records 'current' US market share jumped by 110 basis points in 2023, up to 5.96% from 4.86% in 2022.Bay-Schuck's industry story before Warner was an interesting journey – from being a junior at the A&R team of Atlantic Records, where he signed Bruno Mars, through to becoming President of A&R at Interscope, where he worked with the likes of Imagine Dragons, Lady Gaga, Gwen Stefani, and Selena Gomez.For Bay-Schuck, his more recent success with Zach Bryan and co. isn't evidence of Warner Records suddenly becoming a ‘hot’ label. In his eyes, it’s evidence of a patient, long-term, and consistent A&R strategy…Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
Over a third of UK small music venues operate at a loss – and two of them close every week.
Jan 31 2024
Over a third of UK small music venues operate at a loss – and two of them close every week.
Hello and welcome to the latest Music Business Worldwide Podcast, supported by Voly Music – now known as Voly Entertainment.On this podcast, MBW founder Tim Ingham discusses a crisis that's rapidly deteriorating the UK live music scene.The Music Venue Trust is a trade body representing the interests of a vital collective of British live music venues. It’s just released a bunch of shocking statistics in its annual report – including the fact that in 2023, an average of two of the UK’s live music venues were shutting their doors every WEEK.Amongst the venues that Music Venue Trust represents are what it calls Grassroots Music Venues, or GMVs. It surveyed 835 of these GMVs for its 2023 annual report.These venues have an average capacity of 309 people, though that can range to a capacity over 650 people.  As mentioned, the Music Venue Trust’s latest report shows that two GMVs are shutting down per week in the UK. But perhaps the most shocking data point in the new report is that 38.5% of GMVs reported an annual financial loss in 2023. To repeat that: Over a third of ‘club’-sized music venues in the UK are currently operating at a loss.On this podcast, Tim Ingham is joined by Mark Davyd, founder and CEO of the Music Venue Trust. Davyd explains how his organization intends to solve this issue – likely via a levy placed on ticket sales in larger venues like arenas and stadiums.He also explains why this is a more complicated scenario than merely being the free market in action – and suggests that it’s only a matter of time before the UK’s live music venue crisis reaches a similar point of desperation in the United States…Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
A different kind of streaming fraud: Over 1m 'manipulated' tracks are on audio streaming services
Jan 17 2024
A different kind of streaming fraud: Over 1m 'manipulated' tracks are on audio streaming services
On this episode of the Music Business Worldwide podcast – supported by Voly Entertainment – MBW founder, Tim Ingham, is joined by Rasty Turek.Rasty is the founder and CEO of Pex – which, amongst other things, tracks and analyses copyrighted content on digital services.According to Pex's tech, over a million tracks on audio streaming services like Spotify, Apple Music, and TIDAL, are not what they appear to be. These million-plus tracks are what Pex calls “modified audio” – which means an original track has been sped up, slowed down, or otherwise manipulated, and then uploaded as an entirely new recording.The main issue for the music industry? Unless these million-plus tracks have legally licensed the original recording on which they’re based, they’re infringing copyright. More than that, they’re pulling royalties away from the original artists in question.Pex has provided a number of examples of ‘sped up’ tracks on audio streaming platforms that aren’t attributed to a recording's original artist. There’s a version of Halsey’s 'Without Me', for example, with over 6 million streams on Spotify. There’s also modified version of Coldplay and The ChainSmokers’ ‘Something Just Like This’ that has over 12 million plays. It’s not hard to find more: I took a cursory search through Spotify before recording this and discovered a sped-up version of Justin Bieber and Nicki Minaj’s Beauty and a Beat with over 8 million streams, and a sped-up version of Lady Gaga’s Bloody Mary with over 25 million streams. In all of these cases, the credited artist on each track – and therefore, presumably the artist account collecting royalties – is not the original artist in question.As you can hear in our interview with Pex’s Rasty Turek, he thinks this is an industry failing – and something of a sibling to streaming fraud…Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
Scott Cohen on his optimism for the music industry – and JKBX's 'transformative' launch
Oct 23 2023
Scott Cohen on his optimism for the music industry – and JKBX's 'transformative' launch
Welcome to the Music Business Worldwide podcast supported by Voly Music. Joining MBW founder, Tim Ingham, on this podcast is Scott Cohen, the CEO of JKBX.JKBX is a new platform that enables investors (including so-called ‘retail investors’) to acquire royalty shares in hit songs. It will, in future, also allow you to trade those royalty shares by selling them to others.JKBX launched in September and according to Bloomberg had over $1.7 billion -worth of music assets secured. Right now on the platform, JKBX is offering royalty shares in hit songs like Halo performed by Beyoncé, Rumour Has It performed by Adele, Welcome To New York performed by Taylor Swift, and many more.However, as you read this, you can only reserve your acquisition of royalty shares on JKBX. Before it completes any transaction, the company is in the process of attempting to secure regulated approval from the US Securities and Exchange Commission (aka the SEC).As well as its primary investor, Dundee Partners, JKBX has reportedly attracted strategic investors including Spotify, Live Nation, YouTube, Red Light Management and others. Things to know about Scott Cohen before we get into the podcast? He is the co-founder of The Orchard – which he co-launched with Richard Gottehrer in the second half of the nineties, before selling it to Sony Music for a total of around $250 million, partly in 2012 and partly in 2015.Before joining JKBX, Scott was most recently Chief Innovation Officer at Warner Music Group, where he kept his ear close to the ground on tech such as artificial intelligence, the metaverse, and blockchain.On this podcast, we ask Scott about JKBX’s prospects, the changing nature of technology’s involvement in music, and the lessons he learned building the Orchard into a $250 million company…Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
What should the music industry learn from the world of e-Sports?
Oct 4 2023
What should the music industry learn from the world of e-Sports?
Welcome to the latest Music Business Worldwide podcast supported by Voly Music. On this 'cast Tim Ingham, founder of Music Business Worldwide, is joined by Maria Egan, the Global Head of Music – as well as events – at Riot Games.Riot is home to a number of extremely popular online games, including League of Legends and Valorant. But it’s also a TV and movie producer: Riot made the award-winning Netflix animated series, Arcane.Today, Riot Games is owned by Chinese giant Tencent, which paid $400 million to buy a 93% stake in the company in 2011.Maria Egan joined Riot last year from music-making platform Splice, where she was Chief Music Officer. Prior to that, Egan was a highly successful President and Head of Creative at PULSE Music Group. Egan's career so far has seen her work closely with talent including Kehlani, Tiesto, Run The Jewels, and more.She is also an alumnus of Columbia Records, where she was once Vice President of A&R.In addition to its work in games, TV, and film, Riot Games is taking music very seriously: It has previously worked with Imagine Dragons on the hit single from the Arcane soundtrack, Enemy, which has over 2 billion streams to date. Each year, for the League of Legends World Championship, a different track is chosen as the official anthem of the tournament. In previous years, this honor has fallen to the likes of Imagine Dragons and Lil Nas X. For this year’s tournament, the anthem comes from fast-rising Korean act New Jeans, who are signed to HYBE, with a track called GODS.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
How will generative AI music ultimately affect the global music business?
Oct 2 2023
How will generative AI music ultimately affect the global music business?
Welcome to the Music Business Worldwide podcast supported by Voly Music. On this podcast we dive head first into one of the most-talked-about topics in the music biz this year.That topic is generative AI music, but more specifically, the fact that vast volumes of music are now being produced by AI platforms and then uploaded onto various streaming platforms.There is arguably no one better placed to talk on this topic than Alex Mubert, founder and co-CEO of the self-titled platform Mubert. That’s because, in July, Mubert announced that its AI platform had now been used to create more than 100 million music tracks, with an average length of over 4 minutes. As it pointed out, Mubert’s 100 million created tracks were roughly the same size in volume as the entire catalog available on Spotify.Mubert’s sub-platforms include Mubert Render, for online content creators – YouTubers, podcasters etc. – looking to create royalty-free soundtracks for their productions. There’s also Mubert Studio, for artists and composers, which allows musical creators to earn money on tracks, samples and loops. On this podcast, you’ll hear Music Business Worldwide editor - Murray Stassen – ask Alex Mubert all about that 100 million stat, and how AI music is going to change the industry in the years ahead…Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
Denis Ladegaillerie on AI, streaming royalty models, Believe's game plan... and more
Sep 6 2023
Denis Ladegaillerie on AI, streaming royalty models, Believe's game plan... and more
Welcome to the latest Music Business Worldwide podcast supported by Voly Music.On this 'cast, MBW founder Tim Ingham is joined by Denis Ladegaillerie, founder and CEO of Believe.Paris-headquartered Believe is now well established as one of the largest recorded music companies in the world, both via its Believe-branded artist and label services operation, as well as its subsidiary, TuneCore, which announced the close of last year that it had paid out over USD $3 billion to independent artists to date.Believe currently is valued at around USD $1 billion on the Paris Euronext stock exchange, having turned over around USD $450 million in revenue in the first half of 2023. (Believe reports its revenues in Euros.)On this podcast, MBW's Ingham asks Ladegaillerie all about a number of key topics including: - How the music industry should deal with streaming fraud;- Why Asia is set to commercially explode in music in the years ahead;- What Believe’s strategy is to challenge the ‘major’ music companies; and- Yep... Artificial Intelligence. (AI is a particularly timely subject at Believe and TuneCore, which recently partnered with Grimes to distribute music created by other artists using an AI replication of her voice.)One other important point: Believe is no longer just a recorded music company. Since March it has also run its own global music publishing operation, housed under  TuneCore, following Believe's acquisition of the $51 million-valued Sentric Music.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).