Music Business Worldwide
BMI's songwriter payout and Universal's investment into HYBE's WeVerse: Talking Trends
Apr 6, 2024
Charlie D'Atri joins Tim Ingham to discuss BMI's $100 million songwriter payout and Universal's investment in WeVerse. They explore the impact on creators, superfan strategies, direct-to-consumer models, and fan engagement in the music industry.
18:44
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Quick takeaways
- BMI's $100 million payout to songwriters after acquisition by New Mountain Capital reveals industry transformation uncertainties and dissatisfaction among copyright owners.
- Universal Music Group's investment in HYBE's WeVerse signifies a strategic shift towards superfan engagement, showcasing potential for reshaping fan-centric approaches in the music industry.
Deep dives
BMI Buyout by New Mountain Capital Impacting Artists and Publishers
The recent BMI buyout by New Mountain Capital, featuring a $100 million fund for distribution among copyright owners, has generated mixed reactions. Despite the impressive fund announcement, the per person payout of around $71.43 caused dissatisfaction among the 1.4 million copyright owners. The lack of transparency and concerns about the buyout's actual benefits have led to discontent among writers and publishers, highlighting uncertainties within the industry's transformation.
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