Jay Chou’s new album pre-sale exceeded 85 million yuan in 3 days, NFT sales plummeted by more than 92%, and one-third of Americans discovered new songs through live broadcasts?
Organizer | Li Ying Editor | Fan Zhihui
07.04-07.10
big company
>> Spotify is testing an in-app podcast authoring tool
On July 4th, Spotify is testing an in-app podcast authoring tool to lower the barrier to entry for podcasts.
According to a video introducing the new feature, it is currently being tested in New Zealand. Users can record, edit and publish podcasts from the Spotify app “without the need for additional tools or hardware.”
In 2019, Spotify acquired podcast creation platform Anchor for about $140 million. Since then, Spotify has struggled to attract advertisers and grassroots podcast creators, and bringing Anchor’s key features to the main Spotify app smoothes the process.
>> REHEGOO MUSIC partners with TUNED GLOBAL to launch new streaming service
· On July 5th, music service provider Rehegoo Music Group cooperated with B2B music streaming technology service provider Tuned Global to launch a new background music streaming service.
Rehegoo’s new streaming service, called Music for Spaces, is designed for businesses that play music in offline spaces, including gyms, spas, retail stores and supermarkets. The service features approximately 130,000 fully licensed tracks, many from its own library, with Tuned Global providing the application’s backend services, analytics and content management system (CMS).
Using Tuned Global’s white label streaming app, the licensing service is available to businesses for an annual subscription fee. Rehegoo said its new B2B service will “support the next generation of talent to hear their music” through the company’s direct licensing agreements with unsigned artists in 50 countries.
>> Lickd signs exclusive deal with Vegas City, a virtual area in the metaverse game Decentraland
On July 5, British music licensing company Lickd signed an exclusive deal with Vegas City, a virtual area in the metaverse game Decentraland.
During the 24-month partnership, Lickd will provide commercial music to Vegas City partners and users, who will be able to use Lickd’s music library after purchasing virtual land on the platform. Lickd said it will provide Vegas City with curated playlists and genre-specific “radio channels” that will be played as background music in venues and public spaces throughout the region.
Lickd is a pre-licensed music provider for social video creators, with a library of indie music and the Big Three for use on YouTube and other UGC videos.
Over the past two years, the company has forged partnerships with the likes of Warner Music and Epic Games. In September 2021, Lickd secured £5.1 million ($7 million) from investors, including WMG and Fortnite creator Epic Games, which acquired D2C music platform Bandcamp in March.
>> QQ Music has been upgraded to the new version 11.8, and the virtual community “Music Zone” has been officially released
· Recently, the 11.8 version of QQ Music “My Space Listens to Me” was officially launched, including a new virtual interactive music community “Music Space Music Zone”, “Dolby Atmos” supported by the first domestic music platform, and “Music Zone”. Numerous new features including “Desktop Lyrics”, “Snippet Play” and more.
The newly launched “Music Zone Music Zone” is a brand-new exclusive virtual interactive music community created by QQ Music for users, which will bring users an immersive interactive music experience.
After logging in to the QQ Music APP, users can not only set an exclusive character image in the “Music Space Music Zone”, but also obtain the virtual image of the first social platform digital collection. Its image inspiration pays tribute to the classic stickman Mfer, and the only digital collection is Sex and non-reproducible attributes will also greatly enhance the commemorative significance of the first batch of images.
Version 11.8 also launched the Dolby Atmos function that innovated the listening experience, which also means that QQ Music has become the first domestic music platform to support Dolby Atmos, and also marks that Tencent Music Entertainment Group (TME) and Dolby Laboratories ( Dolby) to start a strategic cooperation.
In addition, QQ Music has also launched intimate functions such as clip playback and desktop lyrics for music fans, bringing a better and more convenient music experience.
>> Tencent Music launched a new product “Quyimai”, providing music commercial copyright licensing services
On July 5th, Tencent Music launched the music commercial copyright licensing service “Quyimai”.
Official information shows that Quyimai has authorized the copyright of tens of millions of music works. Through tags, searches, recommendations, playlists, etc., commercial music copyright buyers can find suitable music faster and more accurately; in addition, Quyimai owns “Copyright watermark” and other proprietary copyright identification and monitoring technologies can solve the worries of music creators in terms of copyright protection and income.
Log in to the official website of “Quyimai”, and you can find that Quyimai provides ways to select songs such as playlists, tag music library and search. By selecting music, selecting authorization information, and completing payment, you can obtain music authorization, and you can obtain authorization online. code and authorization letter.
After clicking on the song, you can see that the authorized scenes of each song include personal self-media, webcasting, commercials/promotional videos, online games, TV dramas/web dramas, movies, variety shows, built-in APPs, smart hardware, etc. In terms of licensing price, for individual and institutional customers, the price required for different popular songs and different licensing scenarios is different, ranging from 100 yuan to tens of thousands of yuan. At the same time, Quyimai also provides manual song selection and lyrics and song customization services.
It is worth noting that the authorized content of Quyimai also includes the works of Tencent musicians.
>> LimeWire will launch NFT series in collaboration with hundreds of artists including Travis Barker
On July 6th, digital collectible marketplace Lime Wire is collaborating with a number of artists including Travis Barker, Brandy, Nicky Jam and Dillon Francis to launch NFT collections on its platform.
On July 7, Grammy-winning producer 7 Aurelius will unveil the first collection of Lime Wire co-artists featuring 7 NFTs inspired by Kanye West’s Netflix documentary “Jeen-Yuhs.”
In addition, Lime Wire has selected Algorand as the blockchain partner for its NFT series, which will undertake most of the NFT minting work on the Lime Wire platform, and has also launched a series of “Lime Wire Originals” using Ethereum. NFT avatar.
LimeWire, formerly a file-sharing platform that recently relaunched as a marketplace for digital collectibles, has officially launched its service.
LimeWire said collectors can purchase exclusive and unreleased music, video content and digital artwork through its platform. The platform added that it “is committed to lowering the barriers for artists and collectors to enter the NFT ecosystem by removing technical barriers, fundamentally simplifying the user experience in the marketplace, and taking a holistic mainstream approach.”
>> Dequency officially launches WEB3 music licensing platform
On July 7, startup Dequency raised $4.5 million in a round led by Borderless Capital.
Now that Dequency has concluded its closed beta phase, this week’s “v1.0 release” creates a “two-way marketplace” that “allows any music rights holder who owns both the sound recording rights and the lyrics rights of a track to license their music directly to Licensee, no middleman required for the transaction.”
Dequency was founded in early 2021 by Haldeman and two other music industry veterans, George Howard and Mark Ross.
Built on the Algorand blockchain, the platform claims to be “the only option to provide on-chain sync permissions for blockchain-native content such as dynamic visual digital art, NFT projects, games, and metaverse productions.”
Founded by cryptographer Silvio Micali, Algorand is an open-source public blockchain based on what Dequency calls “a pure proof-of-stake consensus protocol that enables fast, efficient, and secure transactions anywhere in the world.”
>> Universal Music and African music streaming service MDUNDO reached a licensing agreement
· On July 8, it was reported that Universal Music Group and African music service provider MDUNDO reached a licensing agreement.
Mdundo said the deal would boost its service to its 17 million monthly active users and accelerate its growth in Africa. According to Mdundo, the music streaming service has experienced exponential growth in the Nigerian market and is available in several countries including Kenya, Ghana and Tanzania.
Last year, Mdundo boosted its growth by signing partnerships with telcos across the continent to increase its revenue and subscriber base. Mdundo users can use the USSD service to get their music in bundles (daily, weekly or monthly). The streaming service is also accessible through its website or app, and it has surpassed 1 million downloads.
data control
>> One in three music listeners in the U.S. now discovers new music through livestreaming platform Twitch
A third of U.S. music listeners now discover new music on Twitch, according to a new report from Twitch and analytics platform Luminate.
Luminate said the survey was conducted among more than 2,300 U.S. consumers ages 13 to 40 in the fourth quarter of 2021, and focused specifically on Twitch users and those who exclusively use Twitch for music or music-related content.
The report also shows that Twitch users spend 21% more time listening to music per week than regular music, and spend more than 10 times more (monthly) on music than regular music listeners. Meanwhile, Twitch users are 84% more likely to listen to EDM than the average music listener”, but Twitch users are far more diverse in their weekly genre listening, with 61% listening to metal and over 51% classical , more than 38% of jazz and 27% of users listen to K-Pop. Meanwhile, hip-hop is listened to by 70% of Twitch users.
>> Affected by the crypto winter, NFT sales plummeted by more than 92% in 2022
On July 5th, sales of NFTs (non-fungible tokens) have fallen to new lows amid the general downturn in the cryptocurrency market.
Data research firm Chainalysis reported that NFT sales totaled $1 billion in June. It was the worst performance since June 2021, when sales were $648 million. NFT sales peaked in 2022, with monthly sales reaching $12.6 billion, a plunge of more than 92%.
Ethan McMahon, an economist at Chainalysis, told the Guardian, “This decline is definitely related to the overall slowdown in the crypto market, which inevitably leads to consolidation due to market influence.”
NFT sales hit $40 billion in 2021, and 2022 has already surpassed that figure, reaching $42 billion. But sales in January and February 2022 account for more than half of total 2022 sales, according to Chainalysis. The crypto bubble may have burst due to a number of factors.
capital market
>> Overtune closes $2 million seed round
On July 4th, Icelandic music production app Overtune completed a $2 million seed round of financing.
The company said its investors included Charles Huang, the creator of the music game Guitar Hero, and Nick Gatfield, former chief executive and chairman of Sony Music UK; new investors included media company Whynow, which is owned by Mick Jagger’s son. Founded by Gabriel Jagger.
Overtune was founded in 2020 by Sigurdur Arnason, Jason Dadi Gudjonsson and Petur Eggerz Petursson. Overtune says it’s committed to “democratizing music creation,” allowing users to create original music for social media content like TikTok and Instagram.
On loop-based music creation apps, users can create beats based on genre or theme sound packs, such as “Nightclub in Berlin,” and users can program drums, create melodies, record and coordinate vocals to create social media audio content.
>> Deezer successfully goes public by way of SPAC merger
On July 5th, French music streaming service Deezer went public through a SPAC merger, with a pre-investment equity valuation of 1.050 billion euros (about 1.095 billion U.S. dollars).
However, the first day as a listed company did not perform well. Its stock price fell as much as 35.1%. The opening price of the day was 8.5 euros, and the closing price fell 29.4% to 6.00 euros. The lowest share price of the day was 5.2 euros.
The combined business name after the transaction is set to be the “DEEZR ticket”, but the industry is still usually abbreviated as Deezer. The company is now valued at $1.4 billion.
According to Deezer’s investor relations website, as of July 5, 2022, Access Industries (Warner Music parent company) had the largest share capital (38.06%) in the company with 44,753,926 common shares, while telecom giant Orange Participations SA had the second largest share capital (38.06%) Large shares, with 9,561,723 ordinary shares, equivalent to 8.13% of the company’s share capital.
Judging from the information disclosed so far, Deezer will have 9.6 million subscribers in 2021, including 5.6 million direct B2C users and 3.9 million B2B users, with revenue of 400 million euros that year.
Deezer expects to be profitable in 2025, with revenue of 1 billion euros. In 2021, the company’s revenue was 400 million euros, and the operating loss increased by 36% to 120.6 million euros from 88.3 million euros in 2020. In 2022, the company plans to generate revenues of around 455 million euros, an increase of 14% over last year.
>> Freshsound raises €1.3 million in pre-seed funding
Freshsound, the original music licensing platform, announced on July 5 that it has raised €1.3 million in pre-seed financing from a group of prominent angel investors and family funds.
The company has created an automated pre-licensing platform and an original music marketplace that removes “all the friction in negotiation”, allowing creators to instantly license premium songs for their content. The platform also has a music discovery feature and a dynamic pricing model that offers customers an offer for any type of usage.
The round comes from Shiv Prakash (former VP of investments at Hipgnosis Song Fund), Aligned Ventures, Kristina Tunkrans (CEO of PRMD publishing/AtNight and music director of Epidemic Sound), HDR Partners partners Marcus Konstantino, Gustav Nordlindh (Royal Streaming founder and CEO), Kim Fai Kok and Dara Gill.
>> Live Nation acquires TERO C&E, the performance and entertainment division of TERO in Thailand
· On July 6, Live Nation acquired TERO C&E, the performance and entertainment arm of Thai promotion company and media company TERO.
Live Nation said the transaction marked the company’s “commitment to developing local talent in Thailand while continuing to bring the largest international event to the region”.
The acquisition expands Live Nation TERO, a joint venture between Live Nation and TERO that was established in 2015 to drive international performance business through Western performing arts companies, while expanding regional performing arts groups into Thailand.
Since its establishment in 1998, TERO C&E has been focusing on domestic touring, family entertainment, exhibitions, musicals and artist management in Thailand.
Artist dynamics
>> Jay Chou released the MV of the new album first song, and the pre-sale in 3 days exceeded 85 million yuan
· On July 6, Jay Chou released the prelude MV for his new album “The Greatest Work”. The new album “The Greatest Work” is Jay Chou’s 15th album. There are 12 songs in total, including 1 short piece for piano, 6 The first new song will start pre-sale at 0:00 on July 8th and will be officially released on the 15th.
As of 12:00 p.m. on July 10, Jay Chou’s new album has sold 2,849,892 copies in 3 days, with sales exceeding 85 million yuan.
>> Bob Dylan’s ‘Blowin’ in the Wind’ IONIC ORIGINAL Collector’s Edition sold for $1.7 million at auction
The first new studio recording of Bob Dylan’s classic “Blowin’ in the Wind” since 1962 sold at auction for £1.48 million ($1.76 million) on July 8 .
Sold by Christie’s in London, the recording was recorded on what’s called an “Ionic Original Disc” by Grammy-winning producer T Bone Burnett. This is a new analog format developed by Burnett, who recently founded a company called NeoFidelity to promote this new recording technology.
Ionic Originals are described as “one-to-one, hand-crafted, collectible master recordings,” each specially arranged and performed by an artist for each individually recorded album. Auctioned at Christie’s this week, the Bob Dylan ‘Ionic Original’ record is the first recording to be produced using Burnett’s patented technology.
According to Burnett’s NeoFidelity Inc, the Ionic patented technology uses “a new physical audio format developed by nanotechnology, materials science, and more. The Ionic Original discs are playable on vinyl playback devices, which the company describes as an artist and audiophile the “Holy Grail”.
music variety show
· On July 9th, iQiyi’s “China Rap Showdown” first round 2v2 battle results were announced: the team will start after singing (Huang Xu, BrAnTB Bai Jingyi), DIVA (VaVa, Vinida Wanida), Losers Alliance 1 (KEY.L Liu Cong, ICE Yang Changqing) became the winning alliance. Peace and Unity Paradise, vitamin C, and two brushes are facing the pending result of the elimination of all staff.
· On July 10, the Golden Melody Ceremony of Mango TV’s “Sound Lives” ended, and the list of winners was announced, including: Miriam Yang won the “Glory Team”; Lin Zixiang and Ye Qianwen won the “Glory Figures”; Lin Zixiang, Mosaic Band, Magic Flash Ba, Miriam Yeung and Yan Mingxi won the “Salary Inheritance Award”; Lin Xiaofeng, Liu Xijun, Li Keqin and Li Jian won the “Audience Choice Partner Award”; Zhou Bichang won the “Treasure Golden Song Promotion Ambassador”; Lin Zixiang and Ye Qianwen composed “Dare to Love and Dare to Do” , Li Jian’s “Water Flower” won the “Golden Song of Glory”; Li Jian and CoCo Li Wei won the “Mainland Hong Kong Exchange Award”; Zeng Bit and An Qi won the “Leaping Progress Award”.
live entertainment
>> TME announced the launch of the special project “Time Golden Song Awards”
· On July 5, Tencent Music Entertainment Group (TME) announced the launch of the special program “Time Golden Song Awards”.
The first season of “Time Golden Song Awards” – “Is there such a song?” Time Golden Song concert will be held at 20:00 on July 10 on the four platforms of TME’s QQ Music, Kugou Music, Kuwo Music, and National K Song. And the TME WeChat video number matrix will be broadcast to show the good memory of the whole people with “Golden Songs of Time”.
The ceremony invited Zhou Huajian, Zhang Jingying, Mao Buyi, Escape Plan, Laolang and other musicians.
>> Dou Wei’s live online concert “Chao Jian: Xianwen’s Summer Escape Concert” online concert
· On July 7th, Dou Wei started the live broadcast of the first online concert in his life “Chao Jian: Xianwen’s Summer Escape Concert” online concert.
The online concert will be broadcast live for 7 consecutive days from the 7th to the 13th, and will be broadcast live on NetEase Cloud Music and Jiuxiao Radio. Within an hour, Dou Wei and the Chaojian Band brought several works, including the purely instrumental versions of “Nine Songs of Chu Ci: Da Siming” and “Pan Taoyuan”, and also sang Cao Zhi’s “Famous Capital”. Can’s “Deng Lou Fu” and other works are all well-known poems and songs.
In the previous preview audio, Dou Wei stated the purpose of this concert: “I hope everyone can avoid the worrying reality in the process of listening to the Xianwen Concert.” In the interview, Dou Wei also revealed that the purpose of this concert is to hope that everyone can get temporary relief from negative emotions.
Recommended this week
· On July 5th, Liu Ruiqi released a new album “Qi Yu Ji”, with a total of 13 songs, released by Good Music.
· On July 6th, Bridge released a new single “The Wave”, which was written and composed by Bridge and released by Dream Music.
· On July 7th, iKON released a new album “FLASHBACK”[+ i DECIDE]”, the album has a total of 11 songs, released independently.
· On July 8, aespa released a new album “Girls” with a total of 9 songs, which was released by SM.
· On July 8, Da Zhangwei released a new single “No Waste”. The single was written and composed by Da Zhangwei and released independently.
· On July 8th, the tour group released a new single “Flying to the Starry Sky and the Moon”. The single was written by Kong Yichan and Wei Wei, and composed by Kong Yichan and released by Running Monster.
· On July 8th, Yao Chen released a new single “Drikin’You”. The single was written by Yao Chen and Damai MizarMin, and composed by Yao Chen. It was released by Beijing Pan-Collar Culture.
· On July 8, Zhou Shen sang the theme song “Voyage with Romance”, the theme song of the Chinese comics blockbuster “Out of the Earth”.
· On July 8, NINEONE# released a new single “zhixia (want to say hi to you)”. The single was written by Flying Boy, NINEONE#, and Fanta, and composed by Xiaowei, and was released independently.
· On July 8, Yu Jiayun released a new single “About Me and You”. The single was written and composed by Bao Moulong and Yu Jiayun and released by Yu Jiayun Studio.
· On July 8, The Chairs released a new album “Shangri-La Is Calling”, which consists of 10 songs and was released independently.
· On July 9, Zhang Zining released a new single “2 SiX”, which was written and composed by Zhang Zining and released by Wisdom Dog.
· On July 10th, Ma Siwei released a new album “Humble Swag GT Mixtape” with a total of 10 songs, released by StreetVoice.
· On July 10, Haysen Zheng Jingxi released a new EP “Don Chino, a total of 5 EPs, released by Hong Kong Don Records.
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