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From BTS’ new label associate to Kobalt’s $1.1bn catalog sale to KKR: It’s MBW’s Weekly Spherical-up

Welcome to Music Enterprise Worldwide’s weekly round-up – the place we make certain you caught the 5 largest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and cut back their touring prices.


Nostradamus can be proud.

As appropriately predicted final Wednesday (October 6) on MBW’s Speaking Tendencies podcast, this week noticed funding big KKR pour a lot more cash into music.

Kobalt Capital confirmed on Tuesday (October 19) that KKR has acquired the KMR Music Royalties II portfolio for roughly $1.1 billion.

The catalog incorporates over 62,000 copyrights throughout a number of genres, and KKR is teaming with co-investment associate Dundee Companions – the funding workplace of the Hendel household – for the transaction, which has been accomplished by Chord Music Companions, a platform established by KKR and Dundee.

That wasn’t the solely billion greenback story to hit our headlines this week.

As reported by MBW right now (October 22), Warner Music Group is now value $10 billion greater than it was a yr in the past, with the NASDAQ-traded music firm seeing its worth surge within the wake of rival Common Music Group‘s flotation in Amsterdam in September.

It won’t be all easy crusing in main label land within the coming months, although.

That’s as a result of over within the UK, the Competitors and Markets Authority (CMA) is launching a brand new research into music streaming, following the UK authorities’s response to a serious label-bashing report from an inquiry in regards to the economics of streaming within the nation.

Inside that report, it was really useful that the CMA ought to conduct a brand new market research into streaming, and the facility of the most important document firms.

On Tuesday (October 19), Andrea Coscelli, Chief Government of the CMA, introduced that it could be doing simply that.

Elsewhere this week, HYBE has confirmed that Okay-pop stars BTS are leaving Sony Music and Columbia Data within the US for a brand new cope with Common Music Group and Interscope, and Liberty Media has bought its complete stake in US radio big iHeartMedia.

Listed here are the week’s largest tales…


1) CONFIRMED: KOBALT SELLS CATALOG TO NEW KKR VENTURE, CHORD, FOR $1.1 BILLION

Kobalt Capital confirmed on Tuesday (October 19) that funding big KKR has acquired the KMR Music Royalties II portfolio for roughly $1.1 billion.

KKR is teaming with co-investment associate Dundee Companions – the funding workplace of the Hendel household – to amass the catalog, which incorporates over 62,000 copyrights throughout a number of genres.

The transaction has been accomplished by Chord Music Companions, a platform established by KKR with Dundee Companions….


2) WARNER MUSIC GROUP IS WORTH $10BN MORE THAN IT WAS A YEAR AGO

Yesterday (October 21), Warner Music Group completed the buying and selling day with a share value of $48.06, the best level since WMG floated a portion of its firm on the NASDAQ in June 2020.

In keeping with yCharts, WMG’s share value yesterday translated to an Enterprise Worth (EV) for WMG of $27.66 billion…

The surge in Warner’s worth since Common floated in Amsterdam has been one thing to behold, with WMG’s EV rising by a full $4 billion up to now month alone (see above).

Up to now 12 months, Warner’s EV has shot up by over $10 billion, accelerated by Common Music Group’s personal floatation (and Warner’s comparative valuation vs. UMG).


3) MAJOR RECORD COMPANIES FEEL THE HEAT AS UK COMPETITION WATCHDOG LAUNCHES NEW STUDY INTO MUSIC STREAMING

The UK’s Competitors and Markets Authority (CMA) has introduced its agency intention to maneuver forward with a market research into music streaming.

The CMA defines its market research as a “key device to determine – and, if acceptable, to think about how greatest to deal with – any competitors and client points”.

It says that these research can result in a variety of outcomes, together with: (i) making suggestions to the UK authorities to vary laws or public coverage; (ii) encouraging companies available in the market to self-regulate; (iii) taking client or competitors legislation enforcement motion towards companies; (iv) making a reference for a extra in-depth (“section 2”) market investigation; or (v) giving a “clear invoice of well being”.

Clearly sufficient, the majors (and others) within the music trade will probably be notably eager on avoiding (iii) and (iv)….


4) BTS TO LEAVE SONY MUSIC’S COLUMBIA: ‘WE LOOK FORWARD TO OUR NEW CHAPTER IN PARTNERSHIP WITH UNIVERSAL.’

Okay-pop superstars BTS have signed a brand new cope with Common Music Group/Interscope for distribution and advertising in the US and different areas.

The brand new deal signifies that the band, signed to HYBE-owned label BigHit Music in Korea, are exiting their cope with Sony Music’s Columbia Data and distribution associate The Orchard.

In an official assertion supplied to MBW right now (October 22), a HYBE spokesperson mentioned that the deal varieties a part of a “continued effort to increase the strategic partnership” with Common Music Group, which was introduced in February….


5) LIBERTY MEDIA SELLS ITS STAKE IN US RADIO GIANT IHEARTMEDIA

Colorado-based media and leisure firm Liberty Media has bought off its complete stake in US radio big iHeartMedia.

An SEC submitting from publicly-traded iHeart reveals that Liberty bought 5,941,248 class A shares on October 5 at $25.25 per share.

Based by Chairman John Malone in 1991 and led by CEO & President Greg Maffei since 2006, Liberty nonetheless owns a 33% stake in Dwell Nation Leisure…..


MBW’s Weekly Spherical-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their revenue and cut back their touring prices.Music Enterprise Worldwide

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