The Pub Talk Podcast | Episode 5
Channel: Unlocking the World of Music Publishing
Date: 2022-02-23

formula38 & JM2OFFICIAL talk.. 

1) SOUNDCLOUD’S ANNUAL REVENUES TOPPED $218M IN 2020 – AND IT’S BEEN MAKING BOLD MOVES EVER SINCE
SoundCloud posted revenues of EUR €193.5 million (USD $218.7m) in calendar 2020, up 31% year-on-year.

The company’s gross profit in that same year increased by 53% to €61.1 million ($69m), while its operating losses substantially narrowed by 41% YoY to €15.4m ($17.4m).

2) BMG ACQUIRES MUSIC INTERESTS OF BLUES ICON JOHN LEE HOOKER
BMG has acquired the music interests of iconic American blues singer-songwriter and guitarist John Lee Hooker from his estate.

The agreement includes his entire publishing catalog (Boom Boom, One Bourbon, One Scotch, One Beer, Boogie Chillen, among others), co-acquired with BMG’s longstanding partner Fujipacific Music.

The deal also includes John Lee Hooker’s entire recorded and performance royalty income, as well as a selection of Hooker’s recorded catalog spanning Alone, Vol. 1 (1980) through Black Night Is Falling (2020), acquired solely by BMG

3) SWEDEN’S POPHOUSE IS INVESTING IN MUSIC RIGHTS, AS IT ADDS AIRBNB AND EQT EXECS TO ITS BOARD
Pophouse, the Swedish entertainment company led by former Universal Music Sweden boss Per Sundin, has added some impressive names to its Board of Directors – and says it’s starting to make investments in music rights.

Pophouse was co-founded by ABBA’s Björn Ulvaeus in 2014, principally as a way to create unique live events that encapsulate and promote the ABBA brand.

It’s since build on those beginnings to build a portfolio of properties that include the world’s largest gaming and digital culture hub, Space, in Stockholm, in addition to the Avicii Experience, as well as ABBA The Museum – a Stockholm-based tribute to the record-breaking Swedish band.

Perhaps Pophouse’s most ambitious project to date is London’s ABBA Stadium, which will house a year-round ABBA Voyage concert from May this year…”

4) SONY MUSIC PUBLISHING HAS A NEW HEAD OF US A&R: WALTER JONES JOINS FIRM IN EVP ROLE
Sony Music Publishing (SMP) has hired Walter Jones as Executive Vice President, Head of A&R.

Jones’ appointment is effective February 22. He will be based out of SMP’s Los Angeles office and report to Sony Music Publishing Chairman and CEO, Jon Platt.

In his new role, Jones will oversee Sony Music Publishing’s US A&R efforts, and work closely with the firm’s Stateside creative team to support both emerging and established songwriters.

5) SNOOP DOGG SELLS OVER $44M WORTH OF ‘STASH BOX’ NFTS IN JUST FIVE DAYS
Along with the release of his new album B.O.D.R (Bacc On Death Row) on Friday (February 11), Snoop Dogg also released the album on the blockchain through a partnership with blockchain gaming platform Gala Games, via “Stash Box” NFTs, sold on Gala’s new Gala Music store.

Snoop Dogg’s NFTs are limited to 25,000 and each ‘box’ costs $5,000. At the time of writing (11:30 AM PT, on Tuesday, February 15), there were 16,137 NFTs remaining, which means that if the other 8,863 were sold at the asking price – then the NFT sale generated at least $44.3 million since it went live on Friday.

..for the most part.

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The Pub Talk Podcast - https://cloudt8.com/blog/
Pub Talk | Lowkey Loosies Spotify Playlist - https://open.spotify.com/playlist/7q50TQIUTUEGjovtUxtVvO?si=9d4f0324ed12425f
JM2OFFICIAL Music Videos - https://www.youtube.com/user/jm2officialTV

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