Welcome to Music Enterprise Worldwide’s weekly round-up – the place we be 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 earnings and scale back their touring prices.

This week introduced information of not one, however two $300m+ offers related to leisure large HYBE, the corporate behind BTS.

On Thursday (February 9), HYBE America, led by CEO Scooter Braun, introduced its acquisition of Atlanta rap powerhouse QC Media Holdings or High quality Management, residence to acts similar to Lil Child, Migos, Lil Yachty and Metropolis Women. Selection reported that the deal is valued at $320 million in inventory and money.

Right now (February 10), we realized that HYBE is shopping for a 14.8% stake in SM Leisure from its founder Lee Soo Man, in a deal price 422.8 billion South Korean Received (approx. $334.5 million).

Lee Soo Man was the corporate’s largest shareholder previous to the deal, with an 18.46% stake, which implies that HYBE, with a 14.8% stake within the firm, will turn out to be SM Leisure’s largest shareholder.

Additionally this week, Warner Music Group reported its outcomes for the three months to finish of December 2022 (calendar This autumn, however fiscal Q1 at WMG) and Robert Kyncl participated in his first quarterly earnings name as Warner Music Group CEO.

Elsewhere, TikTok launched its impartial distribution platform SoundOn in Australia, simply days after information arrived that the platform has been limiting entry to main label music out there as a part of a take a look at with a subset of customers.

Plus, Hipgnosis acquired a track catalog from the first-ever Grammy Songwriter of the 12 months Tobias Jesso Jr., whereas Songtradr agreed to purchase  UK-based music expertise firm 7digital.

Right here’s what occurred this week…

1) HYBE HAS NOW SPENT $600M+ IN ONE WEEK, AS IT BUYS 14.8% STAKE IN Ok-POP RIVAL SM ENTERTAINMENT FOR $334M

There may be lots of consolidation occurring amongst the giants of the Ok-Pop trade.

Earlier this week, we realized that South Korea-based Kakao Corp had acquired a 9.05% stake in Ok-Pop firm SM Leisure, which is behind stars like NCT, EXO and Aespa.

In accordance with Reuters, Kakao is shopping for its stake in SM Leisure in a deal price 217.2 billion received ($172.8 million).

Now, one other large of the Ok-Pop world, HYBE, the corporate behind superstars BTS, can also be taking a stake in SM Leisure….”

2) TIKTOK, INDIE TRACKS, AI, AND TECH-DRIVEN ‘EFFICIENCIES’: ROBERT KYNCL’S FIRST EARNINGS CALL AT WMG WASN’T SHORT ON PUNCHINESS

Robert Kyncl might have requested for a rosier set of fiscal outcomes to accompany his first quarterly earnings name as Warner Music Group CEO.

WMG’s traders could be hard-pressed, nonetheless, to ask for an handle that was extra candid and unequivocal.

Instance: Inside 50 seconds of his opening speech, Kyncl instructed analysts: “I’m dedicated to sustaining simple and constant communication throughout the investor neighborhood. So in that spirit, I wish to instantly and clearly acknowledge that this was a troublesome quarter.”

Clearly, Kyncl had due trigger for this acknowledgment: WMG’s recorded music streaming revenues fell 2.6% YoY at fixed forex within the three months to finish of December 2022 (calendar This autumn, however fiscal Q1 at WMG)…

3) TIKTOK LAUNCHES DIY DISTRO SERVICE SOUNDON IN AUSTRALIA, THE SAME WEEK IT STARTED LIMITING ACCESS TO MAJOR LABEL MUSIC IN THE MARKET

The timing of TikTok’s newest information is bound to boost just a few eyebrows within the world music trade.

TikTok has launched its impartial distribution platform SoundOn in Australia, simply days after information arrived that the platform has been limiting entry to main label music out there as a part of a take a look at with a subset of customers.

SoundOn was already Stay within the UK, US, Brazil and Indonesia, after launching in March final yr…

4) HIPGNOSIS ACQUIRES SONG CATALOG OF TOBIAS JESSO JR., WHO WAS JUST NAMED SONGWRITER OF THE YEAR AT THE GRAMMYS

Hipgnosis Tune Administration has made its third acquisition in three weeks, shopping for a track catalog from Tobias Jesso Jr., who on Sunday (February 6) was named because the first-ever Grammy Songwriter of the 12 months.

Jesso’s credit embrace Adele’s hit When We Have been Younger which has been streamed on Spotify over a billion instances and Boyfriends, a monitor on Harry’s Home which received this yr’s Grammy for Album of the 12 months.

Information of the deal follows Hipgnosis’ acquisition final week of a track catalog from TMS, the British songwriting and file manufacturing trio of Tom ‘Froe’ Barnes, Benjamin Kohn and Pete ‘Merf’ Kelleher for an undisclosed payment.

It additionally comes two weeks after shopping for a track catalog and related earnings streams from Justin Bieber for round $200 million… (MBW)

5) SONGTRADR TO ACQUIRE 7DIGITAL, A UK PUBLICLY LISTED B2B MUSIC TECHNOLOGY COMPANY, IN $23.4M DEAL

Los Angeles-based B2B music licensing firm Songtradr has agreed to amass 7digital, a UK-based publicly listed music expertise firm.

That’s in keeping with a submitting revealed within the UK on Wednesday (February 8), which states that the transaction is anticipated to shut in Q1 2023 and that the deal is an all-cash provide for 7digital’s whole issued share capital, valued at approx. £19.4 million ($23.4m).

7digital supplies a catalog of over 80 million licensed tracks and affords API companies to energy music in apps throughout health, social, radio, gaming and background music…

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

 Music Enterprise Worldwide