From ADOR’s NewJeans lawsuit to the biggest music deals of 2024… This is MBW’s weekly recap.

Welcome to Music Business Worldwide’s weekly digest. Here are the five biggest stories that made headlines over the past seven days. Rounding in MBW is supported in: cent tripHelping over 500 of the world’s best-selling artists maximize their earnings and reduce travel costs.

live nationAcquires LA-based talent management company timeline It highlighted that the concert and ticketing giant also plays a major role in talent management. And Timeline’s engagement with online influencers potentially opens up new avenues for Live Nation to promote its shows and artist management clients.

On the other side of the Pacific, HYBE-owned label ADOR filed a lawsuit against K-pop group New Jeans. The lawsuit comes after the group announced a week ago that it planned to leave ADOR. The label argues that New Genes does not have the ability to unilaterally cancel the contract.

somewhere elseCraig Peters, CEO of Getty Images, wrote: luck This week we criticize AI developers for copyright infringement..

This week too, TikTok We’ve revealed a list of the biggest music tracks and artists on the platform this year. The company said that 13 of 16 Track reached #1 in the US Billboard Hot 100 It’s connected to a trend on TikTok.

finally, MBW We take a look back at the biggest music deals of the year. The year was dominated by private equity investments and large-scale securities issuances collateralized by music assets. On the catalog acquisition side, sony music Spearheaded multiple blockbuster transactions.

Here’s what happened this week…

1) LIVE NATION acquired the majority of a Hollywood influencer management company. Here’s why this is important:

live nation Not only is it a giant in live music promotion and ticketing, it also runs a strong talent management business.

actually, Michael Rapinoe-The lead company claimed in its 2023 annual report that it is “one of the world’s leading artist management companies by number of artists represented.”

On Tuesday (December 3), Live Nation unveiled the latest additions to its talent management business. timeline – Describes LN as one of Los Angeles’ “top talent management firms.”

Timeline specializes in “young Hollywood and influencer talent.” The acquisition of a majority stake in Timeline is a significant development for Live Nation given the rise and power of influencer marketing on social media platforms.

2) HYBE’s ADOR LABEL files a lawsuit over the New Jeans transaction dispute, claiming that the K-pop group’s exclusive contract ‘cannot be unilaterally terminated’

AdorA subsidiary of a K-pop powerhouse hiveGirl group obstruction lawsuit filed new jeans As the controversy over the termination of the exclusive contract grew, it caused a big stir in the domestic music industry.

The lawsuit, filed in Seoul Central District Court on Tuesday, December 3, challenges the group’s recent attempt to leave the label, with ADOR arguing that existing contracts are still legally binding and cannot be unilaterally terminated.

“While we do not wish to seek legal intervention with the artist, we have decided that it is necessary to make our exclusivity clear to both the artist and all relevant stakeholders. The contract cannot be terminated unilaterally ADOR stated, “It is based solely on one side’s claims.” MBW.

The lawsuit follows NewJeans’ Nov. 28 press conference in which the group publicly announced its intent to withdraw from ADOR. group members hani The agency claimed, “We have neither the ability nor the will to protect our members,” citing psychological pain as the reason.breach of trust… ”

3) TIKTOK reveals the best songs of 2024. It is said that 13 of the 16 No. 1 hits in the US this year are linked to trends on the platform.

TikTok Long promoted as a key driver of music discovery, year-end music report We will repeat this theme in 2024.

According to TikTok, 13 of 16 #1 track in the US Billboard Hot 100 It was somehow connected to trends on the platform.

additionally, 10 of 11 Track to hit #1 in UK official single chart The report suggested that the increase was due to the popularity of TikTok.

“In 2024, TikTok will become the music industry’s primary launchpad for authentic music, artists, and creativity.” Ole ObermanTikTok’s global head of music development said in a statement:

4) GETTY IMAGES CEO publicly slams AI copyright thieves.

In a scathing op-ed published by Fortune this week, Craig Peters, CEO of photo agency Getty Images, criticized claims that using copyrighted content available on the Internet to train AI without permission is “fair use” under copyright law. I did it.

Instead, he advocates a nuanced approach to assessing fair use while supporting the social benefit potential of AI without undermining creative industries, including music.

Peters’ article concludes with the argument that “there is a fair path to rewarding creativity and delivering on the promise of AI.”

He adds, “Let us stop with the rhetoric that all unauthorized AI training is legal and that the requirement to respect the rights of creators comes at the expense of AI as a technology…”

5) 21 BIGGEST MUSIC BUSINESS TRANSACTIONS OF 2024: FROM IRVING AZOFF TO DADDY YANKEE, HIPGNOSIS, QUEEN

As the value of music companies and copyrights continues to increase, so too do the transactions taking place in the industry and the involvement of private equity funds in those transactions.

In monetary terms, the biggest deals of 2024 (so far, anyway) have been provided by PE firms. Hellman & Friedmansigned a 10-figure agreement to acquire a stake in . Irving AzoffUS-based PRO Global permission management (GRM).

Another aspect of the rapidly growing music industry in 2024 is the securitization of music assets. This year saw a number of major asset-backed securitizations from music rights holders, including: Hipgnosis Song Fund, agreementand cobalt.

In terms of catalog transactions, sony music Dominate 2024 and purchase all or part of the catalog. queen, pink floydand michael jackson…

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