THURSDAY 5 APRIL 2018 COMPLETEMUSICUPDATE.COM
TODAY'S TOP STORY: Sony Corp has said it expects to record a gain of almost $1 billion from its stake in Spotify, following the streaming firm's long-anticipated listing on the New York Stock Exchange on Tuesday. In a memo to its shareholders, Sony Corp also confirmed that it sold 17% of its Spotify stock during the first day of trading... [READ MORE]
Available to premium subscribers, CMU Trends digs deeper into the inner workings of the music business, explaining how things work and reviewing all the recent trends.
   
SPOTIFY - PAST, PRESENT AND FUTURE
As Spotify finally lists on the New York Stock Exchange, CMU Trends reviews Spotify's business to date, considers what its SEC filing might tell us about its current direction, and speculates what a Spotify of the future might look like. [READ MORE]
   
CHINA, AI AND MUSIC EDUCATION - SETTING THE AGENDA
As CMU Insights publishes agendas for each of the conferences that it will present at The Great Escape later this year, CMU Trends outlines the background to each theme being explored: music education, AI and the Chinese music market. [READ MORE]
   
AI - THE NEXT REVOLUTION IN MUSIC?
Midem recently published a brand new white paper from our consultancy unit CMU Insights reviewing the potential impact various AI technologies will have on the music industry in the next decade. CMU Trends presents some highlights. [READ MORE]
TOP STORIES Sony anticipates $1 billion windfall from Spotify share sale
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LEGAL Tulisa wins 10% of publishing in Britney and Will.i.am hit
Jenner sisters settle photographer litigation over controversial t-shirts
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DEALS Propeller Recordings allies with INgrooves on distribution
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LIVE BUSINESS Viagogo fined a million euros in Italy
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DIGITAL & D2F SERVICES Beatport buys streaming-for-DJs platform Pulselocker
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MEDIA Metal Hammer owner buys Music Week publisher
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INDUSTRY PEOPLE Warner and Live Nation top the gender pay gap list in music
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ONE LINERS Lil Skies, Eminem, Cardi B, more
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AND FINALLY... RZA responds to accusations in U-God's autobiography
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Check out all the latest classified ads with CMU Classifieds. To advertise here email advertising@unlimitedmedia.co.uk or call 020 7099 0906.
   
COOKING VINYL - OFFICE SPACE TO RENT (WEST LONDON)
Cooking Vinyl is pleased to offer a newly refurbished office space in Acton, West London. Ideal to share with other likeminded creatives in a hot desk environment, or alternatively to rent the space as a whole, comfortably fitting 30+ desks.

For more information and to apply click here.
Check out all the latest job opportunities with CMU Jobs. To advertise your job opportunities here email advertising@unlimitedmedia.co.uk or call 020 7099 0906.
   
AGILE AGEING ALLIANCE - EDITOR (LOCATION FLEXIBLE)
We are looking for a part-time Editor to edit and manage the website and social media of the Agile Ageing Alliance, a campaigning social business supported by CMU publisher 3CM UnLimited.

For more information and to apply click here.
   
INTERMUSICA - ADMINISTRATOR, FILM & MULTIMEDIA IN PERFORMANCE (LONDON)
Intermusica is seeking a highly motivated and imaginative individual to support the Film & Multimedia in Performance area of Intermusica and its increasing number of artists and projects.

For more information and to apply click here.
   
NUCLEAR BLAST - PRESS OFFICER (LONDON)
Rock/metal label Nuclear Blast is looking for a dynamic and creative Press Officer to handle PR for its rapidly diversifying roster.

For more information and to apply click here.
   
KOBALT MUSIC GROUP - CLIENT MANAGER (LONDON)
Kobalt's Client Manager will be the first point of call for a roster of high-profile clients and responsible for developing and maintaining client relationships and delivering a first-class experience.

For more information and to apply click here.
   
KOBALT MUSIC GROUP - CLIENT MANAGER (LONDON)
Kobalt's Client Manager will be the first point of call for a roster of high-profile clients and responsible for developing and maintaining client relationships and delivering a first-class experience.

For more information and to apply click here.
   
FABRIC LONDON - SENIOR MARKETING & PROMOTIONS MANAGER (LONDON)
Fabric London is looking for a savvy and experienced marketing person with an expert touch on digital.

For more information and to apply click here.
   
FABRIC LONDON - MARKETING & PROMOTIONS OFFICER (LONDON)
Fabric London is looking for someone to join its marketing team in a supportive role to assist on the implementation of our promotional campaigns.

For more information and to apply click here.
   
BPI - TECHNICAL EXECUTIVE (LONDON)
BPI is creating a new role of Technical Executive to further enhance the technical and forensic capabilities within the BPI Content Protection team.

For more information and to apply click here.
   
BPI - DATA ANALYST & INSIGHTS MANAGER (LONDON)
The BPI is looking for a Data Analyst & Insights Manager to be responsible for monitoring and identifying anti-piracy trends and reporting these back to the company to help inform the team’s wider strategy.

For more information and to apply click here.
   
KALEIDOVISION/MUSIC CONCIERGE - PLAYLIST DESIGNER (HERTFORD)
Kaleidovision's specialist music consultancy service is looking for someone to join our creative team in a senior capacity, curating brand sounds, evolving playlist design, and overseeing the operations of a busy department.

For more information and to apply click here.
   
KILIMANJARO LIVE - PAID INTERNSHIP (LONDON)
Kilimanjaro Live are offering a year-long internship programmes with a view to help individuals establish a career in within the marketing element of the live music industry.

For more information and to apply click here.
   
KILIMANJARO LIVE - ONLINE MARKETING CO-ORDINATOR (LONDON)
Kilimanjaro Live seeks an Online Marketing Co-ordinator to administer and maximise marketing opportunities.

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DISPERSION PR - DIGITAL MARKETING EXECUTIVE (STAINES)
Dispersion PR is looking for a Digital Marketing Executive to further develop our digital services portfolio.

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ASSOCIATION OF INDEPENDENT MUSIC - EVENTS MANAGER (LONDON)
This is an exciting opportunity to join a small, busy and sociable team as the AIM as an Events Manager, joining our existing events management team.

For more information and to apply click here.
   
PROPER MUSIC DISTRIBUTION - FINANCIAL CONTROLLER (DARTFORD)
Proper Music Distribution is seeking a Financial Controller to act as the focal point for the management accounting function.

For more information and to apply click here.
   
NONCLASSICAL - LABEL & ARTIST DEVELOPEMENT MANAGER (LONDON)
An exciting opportunity has arisen to join NC’s team in as Label & Artist Development Manager.

For more information and to apply click here.
   
NONCLASSICAL - MARKETING & COMMUNICATIONS MANAGER (LONDON)
An exciting opportunity has arisen to join NC’s team in a Marketing & Communications role.

For more information and to apply click here.
CMU Insights will present three full-day confernces as part of The Great Escape's convention programme this May. Get your tickets here.
   
CMU INSIGHTS PRESENTS THE EDUCATION CONFERENCE
Wednesday 16 May | Dukes at Komedia, Brighton
This full-day conference will put the spotlight on music education, and discuss how business and entrepreneurial skills could and should be integrated into the music curriculum. [READ MORE]
   
CMU INSIGHTS PRESENTS THE AI CONFERENCE
Thursday 17 May | Dukes at Komedia, Brighton
This full-day conference will look at how big data and AI will impact on music, including audio-recognition, fan-messaging, data-driven recommendations and music composition tools. [READ MORE]
   
CMU INSIGHTS PRESENTS THE CHINA CONFERENCE
Friday 18 May | Dukes at Komedia, Brighton
The full day conference will provide a beginner's guide to the Chinese music market, looking at copyright, streaming services, media and social media, and the touring circuit. [READ MORE]

Sony anticipates $1 billion windfall from Spotify share sale
Sony Corp has said it expects to record a gain of almost $1 billion from its stake in Spotify, following the streaming firm's long-anticipated listing on the New York Stock Exchange on Tuesday. In a memo to its shareholders, Sony Corp also confirmed that it sold 17% of its Spotify stock during the first day of trading.

Sony Music secured equity in the Spotify business as part of its original licensing deals with the firm. Prior to Tuesday, Sony owned 5.7% of Spotify which - according to Bloomberg - made it the fifth biggest shareholder overall, and the biggest music company shareholder.

All three majors and indie-label repping Merlin secured equity in Spotify as part of their licensing arrangements, and all four will now need to decide when is the right time to start cashing in that stock. On day one of trading Spotify shares peaked at $169, before slipping to $149.01 at the close of trading. By the end of the second day of trading it had slipped further to $144.22.

As the majors and Merlin do start to sell on their shares, the music community will watch closely how the labels make good on past commitments to share the profits with their artists. Sony has also committed to share its gains with the indie labels it distributes, and in a statement reaffirming that commitment yesterday it stressed that that also applies to its The Orchard subsidiary, which is now the major's primary label services business.

A spokesperson said: "Sony Music and The Orchard are committed to sharing with their artists and distributed labels any net gain they may realise from a sale of Sony Music's equity stake in Spotify. This is consistent with our previously announced policy".

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Tulisa wins 10% of publishing in Britney and Will.i.am hit
Tulisa Contostavlos has reportedly won a 10% slice of the publishing on the Britney Spears and Will.i.am song 'Scream & Shout' after a long-running dispute over who should have a stake in the hit.

Contostavlos collaborated on an original version of the track with producers Jean Baptiste and Jef Martens, the plan being to include it on her album 'The Female Boss'. But that didn't come to pass, and instead Will.i.am got his grubby mitts on the record, tweaked it around a bit, got Spears in to sing some vocals, and put it on his album '#willpower'.

Once that record was a hit, Contostavlos's reps argued that she had contributed some of the lyrics that appeared on the final version and should therefore be included in the song's credits and have some nice royalties to boot. As the legal dispute went through the motions, it also transpired that some of Contostavlos's vocals were still present on the final version of the record as released.

According to Metro, as a result of all the subsequent legal wrangling, Contostavlos will now be credited as a co-writer on the track and will receive 10% of the publishing royalties, and also a share of recording income.

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Jenner sisters settle photographer litigation over controversial t-shirts
Kendall and Kylie Jenner have settled a legal dispute with a photographer over a t-shirt featuring an image of Tupac Shakur.

The Jenners started selling a line of overpriced rock and pop themed t-shirts last year. The shirts all featured some sort of Jenner-related image over the top of photos of artists such as The Doors, Notorious BIG, Kiss, Ozzy Osbourne and Tupac Shakur.

There was much criticism of the venture, and cease-and-desist letters followed from representatives of The Doors and Notorious BIG. The t-shirts were subsequently withdrawn from sale and the Jenners apologised, saying that the designs "were not well thought out".

Then photographer Mike Miller went legal because it was his photo of Tupac that had been used. The legal complaint stated that the Jenners "at no times notified Miller that they intended to exploit his photography, let alone obtained his authorisation".

The company behind the t-shirts then hit back claiming that the Jenners had simply printed their images on top of existing unsold rock and pop t-shirts, so that no new versions of Miller's photo had been copied in the production process. Therefore, it was argued, no permission had been required and no infringement had occurred.

Which would have made for an interesting debate in court. But that is not to be, because a new filing yesterday confirmed that a settlement has now been reached. As a result both sides have requested that the case be dismissed. Terms of the settlement are not known, although both sides plan to cover their own legal costs.

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Propeller Recordings allies with INgrooves on distribution
Music services firm INgrooves has confirmed a new deal to provide global distribution for releases from Norwegian independent Propeller Recordings.

Confirming the tie-up, Propeller Recordings boss Frithjof Hungnes says: "We sought a global distribution partner with real passion and the expertise to build audience and engagement for our artists. We have found that with the team at INgrooves and are looking forward to collaborating with them on our upcoming releases".

INgrooves' Nordic Regional Manager, Kristine Bjørnstad, added: "Frithjof and the entire team at Propeller have built a very unique creative environment at their label, one that has nurtured some of the best talent in the region. We welcome Propeller to the INgrooves fold and our team can't wait to be a part of their continued success".

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Viagogo fined a million euros in Italy
Consummate rule-breaker Viagogo is being fined a million euros by the Italian Competition Authority for violating the country's consumer protection code.

The secondary ticketing site is accused of not displaying the face value of tickets being touted on its platform, not providing information on seat numbers, and not clearly declaring the total price of tickets being sold, including all the extra fees and commissions that are the norm in Toutsville.

Italy is one of the countries where secondary ticketing has been particularly controversial in recent years. And, of course, whenever the touting of tickets proves controversial, you'll usually find a Viagogo trying its very best to out-controversy everyone else in the market place, safe from its secret bunker somewhere under Switzerland.

The Italian Competition Authority hit out at various ticket resale sites a year ago over their failure to provide to buyers the information required under law. At the time Viagogo told the regulator it would comply with the rules, but a year on consumers and consumer rights organisations continue to complain about the site and its failure to declare key information.

Eventim-owned primary ticketing firm TicketOne was previously fined by the Italian Competition Authority over allegations that it had not done enough to stop tickets falling into the hands of touts. It successfully appealed that ruling by the competition regulator and had the fine refunded. It remains to be seen if Viagogo tries to appeal. Or whether it will employ its usual tactic of just never answering the phone.

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Beatport buys streaming-for-DJs platform Pulselocker
Dance music download platform Beatport has acquired Pulselocker, the DJ-centric streaming service that ceased operations late last year.

Pulselocker allowed DJs to access music to include in their sets. It integrated with various DJ software and hardware systems, worked offline, and reported usage back to rights owners. As a result of the deal, Beatport plans to utilise Pulselocker's patented technology within its own planned streaming service later this year.

Billboard quotes Beatport CEO Robb McDaniels as saying: "Pulselocker spent years developing an innovative solution that provides DJs with the flexibility to access the content they want when they want it - all through the DJ software they want to use - while providing copyright holders with the security and tracking mechanisms to calculate royalty payments".

He added: "Beatport is committed to delivering the best tools to create a more seamless and interoperable user experience for our massive ecosystem of DJs, and Pulselocker accelerates our timeline to deliver just that type of product".

Beatport dabbled with streaming once before, but then cut back its offering to just the original download store. Though that was while parent company SFX was in the process of collapsing. The digital firm is now a subsidiary of LiveStyle, the dance music focused business that emerged out of SFX's bankruptcy.

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Metal Hammer owner buys Music Week publisher
Magazine publisher Future, which owns music titles like Metal Hammer and Classic Rock and a bunch of instrument-centric publications, has acquired business media company Newbay Media which, among other things, owns music industry trade mag Music Week.

Confirming the purchase yesterday, Future said the deal was worth up to £13.65 million. That includes an initial cash payment of £8.62 million and £1.09 million of shares, with a second payment of up to £3.94 million next January depending on the future performance of the acquired titles.

Future said that the deal would expand its reach into the US market, as well as bringing it "B2B titles in the complementary verticals of audio visual, television broadcasting and educational technology, which will further increase Future's revenue diversification model whilst also bringing B2B expertise to Future's existing titles". Fun times.

Actually, it's more of a re-expansion into the US market. NewBay acquired Future's US division in 2012. One of the titles in that deal, Revolver, was sold on again last year, but the deal will see the Guitar World and Guitar Aficionado brands return to the Future business.

The Newbay deal also follows an announcement last month that Future is acquiring five titles from Haymarket Media Group, including What HiFi and Stuff magazine.

It also recently relaunched the online hub for its rock magazines as Louder, it previously having operated under the TeamRock brand. That stemmed from the period when Metal Hammer and Classic Rock were independently owned by a standalone business called TeamRock. Future sold the rock mags to start-up TeamRock and then bought them back when that company collapsed.

Confirming the Newbay acquisition, Future boss Zillah Byng-Thorne said yesterday: "Newbay is clearly aligned with Future in its mission to create content that connects, with market leading titles. This acquisition strengthens our presence in the US, and together with our recent UK acquisition expands our market leadership in music and consumer electronics".

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Warner and Live Nation top the gender pay gap list in music
Warner Music and Live Nation have the UK music industry's worst gender pay gaps, new figures reveal. On average, both companies pay female employees almost half what they pay men.

New regulations announced by the UK government last year now require all companies with more than 250 employees (in their UK subsidiaries in the case of global firms) to report the pay disparity between genders among their UK-based workforces.

The mean hourly rate for women working at Warner Music UK - ie measuring the average hourly rate across the entire organisation - is 49% lower than for men. At Live Nation UK it is 46%. Put in perspective, the BBC said earlier this year that its 10.7% gender pay gap was something it needed to "resolve swiftly".

Both music companies say that their respective high gender pay gaps are in part down to having fewer women in leadership roles - something they say they are committed to addressing. Measuring the median rate - ie ranking all employees from the highest paid to the lowest paid, and taking the hourly wage of the person in the middle - the disparity drops to 21% for Warner and 31% for Live Nation. The national average is 18.4%.

In her report for the company, Warner Music's EVP Human Resources Masha Osherova said: "Rectifying this trend is an urgent priority. We continue to look forensically across our entire company, from many different perspectives, to activate the right diversity and inclusion strategies and to ensure mindful action is happening every day. Meaningful and sustained change will take time, serious investment and consistent focus. We're committed to making the right changes and working towards closing this gap".

Live Nation's one page report lists four examples of initiatives it is already adopting in order to close its gap. It could perhaps look at another of its own companies, the Academy Music Group, which is fairing better. Although its mean rate is 24% less for women than men, its median rate is 1%.

The live giant's main rival, AEG, reported a 43.3% mean rate in favour of men, although the company says in its report that it is "confident that women and men are paid equally for doing equivalent jobs across the company".

The reports also look at how many women earn bonuses compared to men, and how much those bonuses are worth. In the case of both Warner and Live Nation, similar numbers of men and women do earn bonuses, although women are getting as much as 88% less than men at Live Nation and 82% at Warner.

Of the other major labels, Sony Music comes out best with a still not very good mean rate of 22.7% and bonuses 45% lower for women. At Universal, women are paid on average 29.8% less than men, with 49.2% lower bonuses.

The UK's collecting societies PRS For Music and PPL both come out with very different gender pay gaps. At PRS For Music, women were found to earn 17.2% less than men, with bonuses 68.8% lower. Meanwhile, at PPL, the gap is 6.6%, with bonuses 36.5% lower. Measured at the median rate, PPL was found to be paying women 4.3% more than men, making it the only music company we could find with a pay gap in favour of women at any metric.

Here are the published reports from each of the companies we looked at:

Music Rights
Kobalt Music Group - 19.7%
PPL - 6.6%
PRS For Music - 17.2%
Sony Music - 22.7%
Universal Music - 29.8%
Warner Music - 49%

Live Music
Academy Music Group - 24%
AEG - 43%
DHP Family - 13.7%
Live Nation - 46%
SMG - 12%

Distribution & Retail
Amazon - 6.1%
HMV - 11.9%
Proper Music Distribution - 29%

Music Media Owners
Bauer Media - 13.6%
BBC - 10.7%
BBC Worldwide - 18.9%
Global Radio - 34.5%
Future Publishing - 4.3%
Time Inc - 16%

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Approved: Kate NV
Kate Shilonosova has already shown a broad range of musical talents as both a member of post-punk band Glintshake and experimental ensemble the Moscow Scratch Orchestra. However, her solo output as Kate NV stretches that further still.

On her 2016 debut, 'Binasu', she drew on Japanese genre 'city pop' for a shimmering collection of songs that drew great praise from those who found them. Underlying that record was also the influence of minimalist composers like Terry Riley and Steve Reich. Now signed to RVNG Intl, her new album, 'для For', brings that to the fore.

Following the release of last year's 'как How' track on RVNG Intl's 'Peaceful Protest' compilation, she's created ten more similarly titled with three letter Russian and English words. New track 'дуб Oak' delves further into the looping sounds of minimalism, bringing together classical and electronic sounds in a captivating composition.

'для For' is set for release on 22 Jun. Watch the video for 'дуб Oak', the first of a series of collaborations with director Sasha Kulak, here.

Stay up to date with all of the artists featured in the CMU Approved column by subscribing to our Spotify playlist.

Lil Skies, Eminem, Cardi B, more

Other notable announcements and developments today...

• You can now get a daily CMU news summary via our Messenger bot. Click here to get started.

• Sony/ATV has whipped up a deal with rising US rapper Lil Skies. "Having my artist sign with Sony/ATV was one of the best decisions I have made", says his manager Carlmichael 'Stokey' Cannady somewhat prematurely.

• Eminem has released the video for 'Framed', taken from his 2017 album 'Revival'. Warning: May contain weak attempts to shock.

• Cardi B has released new track, 'Drip', featuring Migos.

• So, Sofi Tukker's first big misstep comes just over a week before their debut album is released. I think that means this monstrosity is going to be on the LP.

• The Horrors have released 'Fire Escape' and 'Water Drop' two outtakes from their most recent album, 'V'. "Unfortunately, the tracks didn't feel like they had a place on 'V' but we still felt like we wanted to share them anyway as a little artefact from those sessions", say the band.

• Beach House have released new track, 'Dark Spring'. Their new album from whence it came, '7', is out on 11 May.

• Matt Cardle has released the video for new single 'Desire'.

• Pizzagirl has released new track 'Seabirds'. The track is taken from his debut EP, 'An Extended Play', which is out next week.

• Blackened death metal artist The Dank Dark has released his debut track, 'What I Am'.

• Check out our weekly Spotify playlist of new music featured in the CMU Daily - updated every Friday.

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RZA responds to accusations in U-God's autobiography
Wu-Tang Clan leader RZA has responded to claims that he's failing the group and stifling their success. The accusations were made by Wu-Tang rapper U-God in his newly published autobiography.

Speaking to Rolling Stone, RZA said that he wasn't sure if "this book falls totally in non-fiction". Although he did agree that the group's live shows currently rely too heavily on old material.

One of U-God's accusations was that RZA had particularly let his bandmates down by putting his brother, Mitchell 'Divine' Diggs, in charge of the Wu-Tang company. Divine, he said, had failed to best serve the interests of the group over the last two decades, most notably by failing to sign them to a major booking agency for live activity. But RZA refutes that this is his or his brother's fault.

"Agents solicit you", he says. "You don't solicit them. I got my agent because I wanted to score movies - I did 'Ghost Dog' - and my manager thought it would be smart to get an agent. I signed with UTA and I ended up becoming a good piece of business for Hollywood, and I grew. That is that".

That does seem to be him saying that the rest of the Wu-Tang Clan aren't "a good piece of business". Although maybe if they put on better live shows that could change.

"I do think that when we do our tours, we definitely seem to be stuck in a certain chamber of music", he says. "First of all, you can't resist them. Some of those songs work. The crowd loves them. That's what they came to see at some point".

"But I think it's also because they're the most familiar and easy for us to display without even rehearsing them", he adds. "They're our DNA songs. But I agree with U-God. We definitely should expand our performance roster because if it gets boring to us, it's going to eventually be boring to the audience".

Read the full interview here.

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ANDY MALT | Editor
Andy heads up the team, overseeing the CMU bulletins and website, coordinating features and interviews, reporting on artist and business stories, and contributing to the CMU Approved column.
Email andy@unlimitedmedia.co.uk (except press releases, see below)
   
CHRIS COOKE | MD & Business Editor
Chris provides music business coverage and analysis. Chris also leads the CMU Insights training and consultancy business and education programme CMU:DIY, and heads up CMU publisher 3CM UnLimited.
Email chris@unlimitedmedia.co.uk (except press releases, see below)
   
SAM TAYLOR | Commercial Manager & Insights Associate
Sam oversees the commercial side of the CMU media, leading on sales and sponsorship, and advising on CMU Insights training courses and events.
Email sam@unlimitedmedia.co.uk or call 020 7099 9060
   
CARO MOSES | Co-Publisher
Caro helps oversee the CMU media, while as a Director of 3CM UnLimited she heads up the company's other two titles ThisWeek London and ThreeWeeks Edinburgh, and supports other parts of the business.
Email caro@unlimitedmedia.co.uk
 
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