Spotify's sneaky songwriter pay move and Blackstone vs. Concord: Talking Trends
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On this episode of Music Business Worldwide's Talking Trends, MBW
founder, Tim Ingham, is once again joined by Charlie
D'Atri, to discuss two key recent headlines from the world of
entertainment:
(1) A battle between Concord and financial giant Blackstone to
acquire Hipgnosis Songs Fund – the UK-listed bundle of music
rights accumulated by Merck Mercuriadis;
(2) Spotify's decision to re-categorize its Premium subscription
tiers as 'bundles' – including audiobooks – that will materially
lessen the royalty rate paid to songwriters in the US.
People and companies mentioned on this Talking Trends podcast
include: Spotify, Daniel Ek, Blackstone, Merck Mercuriadis,
Concord, NMPA, David Israelite, EQT, Shot Tower Capital, BMG,
Citrin Cooperman, and more.
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