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News of the Week 11/23 Selected music industry news

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Financing 

Songtradr Acquires Cuesongs, a British Sync-licensing Company

On November 17th, Songtradr, a B2B music licensing company based in Los Angeles, acquired Cuesongs, a British sync-licensing company. Cuesongs represents more than over 20,000 tracks from 150 indie labels and music publishers in the UK and Europe. This is the first acquisition after Songtradr completed its US$30 million Series C financing round.

Snapchat Acquires Music Mobile App VOISEY 

Recently, the mobile app Voisey was acquired by Snapchat’s parent company Snap Inc with undisclosed terms and conditions. Voisey allows users to record short videos with their own voice using vocal effects and backup tracks. The maximum length of the videos is 1 minute. The videos can be shared on social media platforms and messaging applications.

Labels

Reservoir Announces Joint Venture with Atlantic Screen Music

New York-based independent music company Reservoir and the film and television soundtrack production company Atlantic Screen Music have announced the plan to establish a new joint venture together. The two companies will jointly invest in a series of film soundtrack projects. At the beginning of this month, Atlantic Screen Music just raised 10 million pounds (US$13.2 million) through its foundation to invest in global content IP.

 

Live Entertainment

2020-2021 Nanxi River Midi X East Sea Countdown Music Festival Schedule Announced

On November 18th, Midi and East Sea announced that they will be jointly promoting the Nanxi River Midi X East Sea Countdown Music Festival (楠溪江迷笛 x 东海跨年音乐节) from December 31st, 2020 to January 2nd, 2021 in Zhejiang Province, Nanxi River Beach Music Park, Youngjia County, Wenzhou. The lineup and ticket information will be announced soon.

MDSK Music Festival Lineup Announced

On November 20th, the lineup for the New Year’s Eve MDSK Music Festival was officially announced. It will be held in Suzhou Huolidao on December 31st with Young Jack (满舒克), BooM(黄旭), Wang Yitai (王以太), Vinida(万妮达) leading the performance.

W8VES Label Tour Begins

The new hip hop label W8VES jointly created by Bilibili and 88rising started a national tour on November 19th. The tour will cover 14 cities including Changsha, Shenzhen, Kunming, Chengdu, Chongqing, Jinan, Beijing, Wuhan, Tianjin, Xi’an, Hangzhou, Nanjing, Wuxi, and Shanghai.

The China National Opera House Symphony Concert Held in Nanping Grand Theater

In the evening of November 21st, the Fourth Nanping Tourism Industry Development Conference China National Opera House Symphony Concert was held in Nanping Grand Theater. This concert is organized by the Nanping Municipal Committee of the Communist Party of China and Nanping People’s Government and the Nanping Municipal Bureau of Culture and Tourism. The lineup includes 70 outstanding artists such as singer Li Jingjing (李晶晶), Sun Xueman (孙雪曼), Han Junyu(韩钧宇), Yu Jingren(於敬人), and Jiang Shuai(蒋帅).


 

Musicians

Eason Chan Opened Douyin Account and Will Start to Live Stream on November 21st

Eason Chan(陈奕迅), the “god of Chinese music,” released his first Douyin video on November 16th. In the Douyin registration video, he abandoned his normal warm and affectionate image and showed his humorous side, which drew a lot of attention on the platform.

Weibo Limited Live Performance Information Posts, Aggravating Many Musicians

Recently, many musicians complained about Weibo blocking their posts about their concerts. A large portion of their income comes from live performances, Weibo executives responded promising to solve the problem as soon as possible.

YADAE Signed with Modern Sky

On November 21st, Shanghai-based band YADAE (鸭打鹅乐队) formally signed with Modern Sky. Formally called Duck Fight Goose, the band announced it’s new official English name “YADAE” at the same time. The band formed in 2009 and now has two members, Han Han and 33. In their first EP Flow released in 2010, YADAE showcased a unique style that blended synthesizer electronic sounds which distinguishes them from traditional rock bands, making them well respected in the indie music scene in China.

Wanna One’s Scheduled Reunion Performance on MAMA Fell Through

On November 20th, CJ ENM announced that Wanna One will not perform at the 2020 MAMA Awards. “Even though we discussed with each of the Wanna One members’ agency, we finally decided not to proceed with the performance,” says the company.

Singer Kylie Minogue’s New Album DISCO Tops the UK Chart 

Australian-British singer Kylie Minogue’s new album DISCO officially topped the British album chart last week. The album sold entered the official British album chart last week, topping the list. The new album sold 55,000 copies in the first week, setting the highest sales record for all British singers in the first week in 2020. Kylie Minogue signed with BMG in February 2017, she produced three Top #1 albums since then.

Singer Dolly Parton is Funding COVID-19 Vaccine Research

Musician Dolly Parton, known for popular songs such as “Jolene”, “Many Colors”, and “9 to 5”, is helping with the development of COVID-19 vaccines. Parton is a native of Tennessee. She donated US$1 million to the Vanderbilt University Medical Center in Nashville and it assisted Moderna in the development of the new vaccine.
 

Travis Scott Founded the Cactus Jack Foundation

Popular American rapper Travis Scott recently established the Cactus Jack Foundation aimed to support young people in their creative education. Cactus Jack is the name of his own record label. The foundation has reached a cooperative agreement with the city of Houston and renowned design institute Parsons to bring fashion design courses to Houston high school students to help young designers explore fashion and design.

Copyright

The Court Ruled on Yue Yunpeng’s “The Song of Fifth Ring” Copyright Infringement Case

The rights owner of “The Song of Peony(《牡丹之歌》)” sued comedian Yue Yunpeng (岳云鹏) and related companies for the infringement of lyrics rights. The court decided that the lyrics of Yue’s famous “The Song of Fifth Ring(《五环之歌》)” have no similarities in theme and form of expression with the original song so there is no infringement of copyright. The plaintiff’s request was rejected.

Scooter Braun Sells Taylor Swift’s Big Machine Masters to Shamrock Holdings

Taylor Swift herself has confirmed that Scooter Braun’s Ithaca Holdings sold the masters right of her first six albums to Shamrock Holdings for a little less than US$300 million.

Through her social media accounts, Taylor Swift complained about having her masters sold without her knowledge and told fans that she will rerecord her songs.

Universal Signs Publishing Deal with Electric Feel Entertainment 

Universal Music Group (UMPG) and Berlin-based Electric Feel Entertainment signed an exclusive global publishing agreement. The two companies will launch Electric Feel Publishing Europe to further explore opportunities in the European market. Founded in 2013, Electric Feel discovered many world-renowned musicians, producers, and songwriters, including Post Malone, Rich The Kid, and Travis Scott.

Sony/ATV Acquires River House Artists Catalog and Signs a Joint Venture Agreement

Sony/ATV has recently acquired a catalog of popular country songs from River House Artists, including Luke Combs’s hit singles “Forever After All”, “Beautiful Crazy”, “When It Rains It Pours” and “Lovin’ On You”. The company also signed a joint venture agreement with River House Artists to provide creative services to its talents. Launched in 2016 by senior industry veteran Lynn Oliver-Cline, River House Artists is an independent record company and distribution company dedicated to the development of emerging musicians and songwriters.

Round Hill Raises US$291 Million in the Third Royalty Fund

Recently, Round Hill announced that it raised a total of US$291 million dollars. Round Hill said that more than 200 million US dollars have already been used to acquire catalogs of famous musicians including Bruno Mars and Craig David. At present, Round Hill’s catalogs have a valuation of US$363 million, which includes songs by famous musicians such as The Beatles, Celine Dion, Louis Armstrong, and The Rolling Stones.

 

Streaming

Ultimate Music and Kugou Music Announce Strategic Cooperation Agreement with Bajin Technology

On November 18th, Tencent Music Entertainment’s Ultimate Music(爱听卓乐) and Kugou Music(酷狗音乐) reached strategic cooperation with Bajin Technology(巴金科技).  Bajin Technology will be providing technology and product support to these two TME platforms.

 

Tencent Music Entertainment Group Announces Strategic Investment in Wave

Tencent Music Entertainment Group announced on November 19th that it has reached strategic cooperation with Wave, a leader in virtual performance services, and will also invest in its equity. According to the agreement, the two parties will further jointly explore opportunities in the virtual concerts field. TME platforms will stream Wave Show in China exclusively and the two companies will develop high-quality virtual concerts for TME live together.

MiGu Announces Plans to Create the First Live Broadcast of 5G+4K/8K+Cloud Performing Arts Festival

On November 20th, MiGu(咪咕) announced that based on the 4K high-definition live broadcasting that it has been running for three years, it plans to create the first 5G+4K/8K live broadcasting event for the first time. At the same time, MiGu also announced the lineup of its annual gala, which includes G.E.M(邓紫棋), Mao Buyi(毛不易), Wilber Pan(潘玮柏), and Jane Zhang (张靓颖).

 

Variety Shows

New Music Variety Show Super Hit Launches on November 18th

On November 18th, the new music confrontation variety show Super Hit (《宇宙打歌中心》) co-produced by Youku, Label Culture, and Yuehua Entertainment has officially launched on November 18th. The show aims to give singers and idol groups a channel to promote their new songs to the public. Shen Mengchen(沈梦辰), Li Wenhan(李汶翰), Justin Huang(黄明昊), Hu Chunyang(胡春杨), and Chen Xinwei(陈昕葳) are the MCs of the show.

The Voice of China Finals Held in Wuhan

On November 20th, the 2020 Voice of China (《中国好声音》) came to an end. Shan Yichun (单依纯), an 18-year-old girl from Zhejiang won the championship.

Physical/Hardware

MiGu Music and Samsung’s Galaxy Buds Live Headset Plans for In-depth Collaboration

Migu Music (咪咕音乐) has recently reached an in-depth collaboration agreement with Samsung. In order to create a rich and personalized listening experience with comfort anytime, anywhere, the Samsung Galaxy Watch 3 has adapted to the MiGu Music App, which can be directly connected to Samsung Galaxy Buds Live. Users who purchase Samsung Galaxy Watch 3 will also have the chance to win a one-year platinum membership of MiGu Music with Hi-Fi room sound effects.

Music Organizations

Cultural Industrial Investment Fund Formally Established 

On November 18th, the China Cultural Industrial Investment Fund was formally established in Beijing. The fund was jointly launched by the Publicity Department of the Chinese Communist Party and the Ministry of Finance of the People’s Republic of China. The fund already raised 31.7 billion yuan in the first round with a target size of 50 billion. The fund will be spent on investments in target areas in culture/media industries.
 

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