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Honey Crullers, CISAC's 2024 report, and startups are hard.

Nov 7, 2025
Explore the quirky world of honey crullers and their unexpected metaphorical value in currency. Dive into CISAC's 2024 report highlighting significant growth in global songwriter collections. Learn about Luminate's data-sharing deal with Tencent and its implications for music trends in China. Hear contrasts between U.S. and Indian songwriter revenues, and insights from an investor panel on fundraising persistence. Plus, discover innovative startups like Plates and Cypher that are shaking up the music tech landscape.
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INSIGHT

Luminate-Tencent Data Deal Opens China Window

  • Luminate struck a deal with Tencent Music to integrate data from QQ Music and others into Connect Insights.
  • This improves visibility into China's music market, long known for limited accessible data.
ANECDOTE

Honeycruller Discovery Becomes Currency

  • Lars Murray found a Tim Hortons Honeycruller at Jamaica, Queens and declared it a legitimate currency after tasting it.
  • He set a playful exchange rate of $1.79 and used it to express amounts during the episode.
INSIGHT

Songwriter Revenues Are Maturing

  • CISAC's 2024 report shows global songwriter collections reached 7.6 billion honeycrullers, up 7% year over year.
  • The report signals a maturing market with single-digit growth expected going forward.
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