Takeaway Takeover: Billion Dollar Bonds, Snoop Dogg and Super Bowl Ads
Salient statements from this week’s music news.
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TAKEAWAYS
Salient statements from this week’s music news.
1. KKR Creates $1.13 Billion Music-Rights Bond Following Kobalt Catalog Purchase
As music rights continue to consolidate around big finance players, bonds to distribute risk (and reward) will become increasingly common.
Takeaway: This latest song-rights bond arrives as billions continue to reach the overarching catalog space, notwithstanding the many high-profile transactions that 2020 and 2021 delivered.
2. Snoop Dogg Acquires Death Row Records
Amidst all the big-dollar buyouts and bonds, it’s important to remember it can take decades for even legendary artists to capitalize on their creative output.
Takeaway: Snoop’s acquisition of the Death Row brand is the first part of a transaction that is expected to see him also acquiring some of the label’s music rights — his own and unspecified other artists.
3. beatBread Raises $34M to Fund Artist, Label Advances
Fintech dollars are also making their way into more artist-direct funding channels.
Takeaway: beatBread has made more than 300 advances to artists and labels ranging from as little as $1,000 to as much as $2 million.
4. Spotify Says It Can’t Pay Songwriters Better Royalty Rates. It’s Also Spending $320 Million on a Barcelona Sponsorship Deal.
The streaming giant’s fotbol obsession is striking much of the music industry as more than a little tone-deaf.
Takeaway: There isn’t enough money in the current ‘streaming’ pie structure for songwriters to get paid more, without hurting Spotify’s own ability to operate successfully…
5. Roundup of Super Bowl 2022 Commercials Starring Megan Thee Stallion, Snoop Dogg, Zendaya & More
Remember when you used to have to wait until the big game to watch the big commercials?
Takeaway: Uh, they’re Superbowl commercials…