From Robert Kinkle becoming a member of WMG as CEO to the US document trade’s $7.7 billion in H1… That is MBW’s weekly round-up


Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be sure you’ve caught the 5 largest tales that hit our headlines over the previous seven days. MBW’s round-up is supported by centretripWhich helps over 500 best-selling artists on this planet to maximise their earnings and reduce their journey prices.


This week, Warner Music Group confirmed that Robert Kinkle has been appointed as its new CEO.

Kyncl at present serves as Chief Enterprise Officer at YouTube, the place Warner says “he has been instrumental in its phenomenal development throughout all platforms”.

Warner additionally says that Kyncl and present WMG CEO Steve Cooper will function co-CEOs for the month of January 2023 “to make sure a easy management transition”.

Then, beginning February 1, Kyncl will grow to be the only real CEO of WMG. He will even assume Cooper’s board seat on WMG’s board of administrators.

Different large information this week comes from the pages of the RIAA’s 2022 Mid-12 months Music Business Income Report.

In accordance with the RIAA, on a retail foundation, recorded music income within the US (streaming subscriptions, in addition to cash spent on bodily and digital music) elevated $700 million yearly To $7.7 billion within the first half of this yr. In H1 2021, the equal determine ($7 billion) was up by $1.4 billion Yo.

Mid-year wholesale (commerce) income impacted $4.9 billion H1 in 2022, up $300 million yoy; In H1 2021, the equal determine was elevated ($4.6bn) $600 million Yo.

In different phrases, mid-year recorded music development H1 2022 In comparison with H1 2021, it was minimize in half.

Elsewhere, MBW has confirmed this week MBW has confirmed, for instance, that sony music leisure All recorded music catalogs are pulled from Resso in all three areas through which the Bytedance platform operates. MBW additionally confirmed this week that Cobalt has reached a brand new licensing settlement with Meta, whereas YouTube has launched a ‘Creator Music’ licensing hub and a brand new revenue-sharing mannequin for shorts.

Know what occurred this week…


1) US recorded music income hit $7.7BN in H1 2022, however development slows in comparison with H1 2021

The US recorded music market grew in H1 2022 – however solely half as quick as H1 2021.

On a retail foundation, recorded music income within the US (streaming subscriptions, in addition to cash spent on bodily and digital music), grew by $700 million yearly to $7.7 billion within the first half of the yr (up from $7 billion in H1 2021 ).

In H1 2021, on a retail foundation, US recorded music income grew by $1.4 billion yearly to $7 billion

In different phrases, the mid-year recorded music development seen in H1 2022 was halved in comparison with H1 2021.


2) Confirmed: Robert KYNCL is the brand new CEO of Warner Music Group

Robert Kinkle has been appointed Chief Government Officer of Warner Music Group Corp with impact from January 1, 2023.

He at present serves as Chief Enterprise Officer at YouTube, the place Warner says “he has been instrumental in its phenomenal development throughout all platforms…”


sony music logo

3) Sony Music Catalog sourced from RESSO, TIKTOK’s sister subscription platform

For a while, the music trade has questioned what may occur if TikTok launched a subscription music platform.

In a way, it has already occurred: Resso, a subscription audio platform from TikTok mum or dad Bytedance, operates in three key markets for the worldwide music trade – Brazil, India, and Indonesia.

Now, nonetheless, it operates with out one of the crucial storied music catalogs on this planet.

MBW has confirmed that Sony Music Leisure’s complete recorded music catalog has been pulled from Resso in all three areas through which the Bytedance platform operates…


4) Cobalt made up with Meta: New deal to license 700,000 songs for Fb

In July, MBW reported that Cobalt Music Publishing – house to 700,000 songs – was pulling its repertoire from Fb and Instagram in the US.

In accordance with a memo despatched to Cobalt authors and companions on July 23, the corporate was planning to take this motion as a result of its US licensing cope with Fb and Instagram’s mum or dad firm Meta had ended — and the 2 sides reached a brand new settlement. had didn’t arrive. ,

MBW confirmed this week that Cobalt has reached a brand new licensing settlement with Meta…


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5) YouTube launches ‘Creator Music’ licensing hub and a brand new income sharing mannequin for brief

YouTube launched its new ‘Creator Music’ hub on Tuesday (September 20) at its inaugural Made on YouTube occasion in Los Angeles.

Creators should purchase music licenses by means of the Hub, which is at present in beta within the US and can increase to extra international locations in 2023.

Creator Music is described by YouTube as “a brand new vacation spot that offers creators quick access to an ever-growing catalog of music to be used of their movies, whereas permitting artists and music rights holders to entry their music on YouTube.” Offers a brand new income stream…”


MBW’s weekly round-up is supported by Centtrip, which helps greater than 500 of the world’s best-selling artists maximize their earnings and reduce their journey prices.

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