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From the Grammys nominations listing to Sony’s $100m share purchase – It’s MBW’s Weekly Spherical-Up

Welcome to Music Enterprise Worldwide’s weekly round-up – the place we ensure you caught the 5 greatest 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.


Jon Batiste has had a fantastic week.

On Grammy Nominations announcement day (Tuesday, November 23), the artist, musician, composer and The Late Present bandleader discovered that he’s up for 11 awards on the 2022 ceremony, greater than every other artist on the shortlist for the present.

That’s two greater than the most-nominated artist for the 2021 Awards present, which was Beyoncé, with 9.

Tied for second place on the nominations listing for the 2022 present, scheduled for January 31, are Justin Bieber, Doja Cat and H.E.R. with eight every, whereas each Billie Eilish and Olivia Rodrigo earned seven every.

In the meantime, JAY-Z obtained three nominations this 12 months, bringing his profession complete to 83, and making him essentially the most Grammy-nominated artist of all time.

Additionally this week, information arrived of one among music’s subsequent big-money IPOs,  with Chinese language know-how large NetEase Inc. confirming that its subsidiary Cloud Village –  operator of music streaming service NetEase Cloud Music – will listing on the Hong Kong Inventory Change on December 2.

In response to Cloud Village’s prospectus, the agency is aiming to lift round US $450 million within the IPO, and that Sony Music Leisure is shopping for shares within the agency price USD $100 million.

Plus, Fortnite maker Epic Video games has purchased videogame developer Harmonix, creator of the favored Rock Band franchise.

Epic claims that, as it really works “to construct the metaverse”, the Harmonix staff’s “experience is required to reimagine how music is skilled, created and distributed”. That is undoubtedly one to observe.

Elsewhere this week, UK-based enterprise capital agency Edge Investments closed a increase of GBP £85 million (approx USD $113m) for a brand new enterprise fund, and Republic Data has named Wendy Goldstein and Jim Roppo as Co-Presidents.

Right here’s what went down over the previous few days….


1) 2022 GRAMMY AWARDS: COMPLETE NOMINATIONS LIST

The nominations for the 2022 Grammy Awards present are in.

Jon Batiste is the most-nominated artist for the awards occasion, incomes 11 throughout seven ‘fields’, together with Normal Area, R&B, Jazz, American Roots Music, Music For Visible Media, Classical, and Music Video/Movie.

The awards present takes place on Monday, January 31 2022. Click on right here to see the complete listing of nominees.


2) SONY MUSIC BUYS $100M OF SHARES IN NETEASE’S MUSIC SERVICE; CHINESE PLATFORM’S IPO SET FOR DECEMBER 2

Chinese language know-how large NetEase Inc. has confirmed that its subsidiary Cloud Village – which operates music streaming service NetEase Cloud Music – will listing on the Essential Board of the Hong Kong Inventory Change on December 2 underneath the image “9899.HK.”

A pre-IPO prospectus reveals three “cornerstone traders” are backing Cloud Village’s itemizing: present guardian firm NetEase, Orbis Funding Administration Restricted, and final – however undoubtedly not least – Sony Music Leisure.

The latter firm, MBW has found, is shopping for shares in Cloud Village price USD $100 million, as per an settlement signed by Cloud Village and Sony Music on November 22…


3) EPIC GAMES BUYS ROCK BAND MAKER HARMONIX TO ‘REIMAGINE HOW MUSIC IS EXPERIENCED, CREATED AND DISTRIBUTED’

Epic Video games, the maker of hit online game Fortnite and Unreal Engine, has acquired Harmonix, creator of the favored Rock Band and Dance Central franchises for an undisclosed sum.

The buyout of the Boston-based music-related recreation studio Harmonix follows a interval of profitable fraternization with the music trade for Epic.

Epic’s flagship recreation Fortnite has served as a well-attended digital efficiency and video premiere house for quite a lot of main stars, whereas its Unreal Engine is used as the muse for 3D music movies created by Sony Music’s Immersive Music Studios.

Nonetheless, Epic’s newest music transfer could possibly be its most bold but….


4) UK-BASED EDGE INVESTMENTS RAISES $113M FOR FUND BACKED BY SIMON MORAN AND GAVIN ROSSDALE

UK-based enterprise capital agency Edge Investments has closed a increase of GBP £85 million (approx USD $113m) for a brand new enterprise fund.

The Edge Create The Future fund is concentrating on a last shut of £100 million ($133m).

Edge, led by long-time music trade entrepreneur and lawyer, David Glick, says the brand new fund will goal investments in sectors “resembling edtech, digital / augmented actuality, adtech, content material creation and distribution”….


5) WENDY GOLDSTEIN AND JIM ROPPO NAMED CO-PRESIDENTS OF REPUBLIC RECORDS

Republic Data has named Wendy Goldstein and Jim Roppo as Co-Presidents.

Goldstein has served as President, West Coast Artistic since 2019 and relies within the Los Angeles workplace.

In the meantime, Roppo has occupied the submit of Govt Vice President and Normal Supervisor since 2018 and relies within the label’s New York headquarters…


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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