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Siriusxm Adds Self-Pay Satellite Radio, Pandora Subscribers Bulletin YOUR DAILY ENTERTAINMENT NEWS UPDATE JULY 27, 2021 Page 1 of 22 INSIDE SiriusXM Adds Self-Pay Satellite • China Regulator Radio, Pandora Subscribers Orders Tencent Music to End BY GEORG SZALAI Exclusive Licensing Deals With Labels Audio entertainment giant SiriusXM, the home with adjusted earnings before interest interest, of , said on Tuesday that it added taxes, depreciation and amortization up 14 percent • SBA Has Awarded Howard Stern Over 10,000 self-paying subscribers in its satellite radio and to $700 million. Quarterly net income of $433 mil- Shuttered Venue Pandora units during the second quarter and raised lion rose from $243 million. Grants Totaling $7.5B its financial forecast for the full year 2021. SiriusXM CEO Jennifer Witz said: “SiriusXM The company added 118,000 net self-pay sub- added an impressive 355,000 net new self-pay • Live Music Biz Generated $132.6B in scribers in its Pandora music streaming business, subscribers in the quarter, putting us on track to Economic Activity in ending the second quarter in June with 6.5 million add 1.1 million self-pay subscribers this year – our 2019, Study Finds total users, compared with nearly 6.4 million as of best since 2018 – and we are increasing all of our the end of March. financial guidance.” • ‘Girl Crush’ Writer Lori McKenna Sells The audio giant, controlled by John Malone’s This article was originally published by Catalog in Deal With Liberty Media, said that at its core SiriusXM The Hollywood Reporter. Concord, Pulse & business self-pay subscriber net additions came Creative Nation: to 355,000 in the latest quarter, compared with Exclusive 264,000 in the year-ago period. It lost 378,000 paid • Britney Spears Taps promotional subs. The firm’s total SiriusXM users CPA to Take Over As at the end of June stood at 34.5 million, including a Conservator of Her record 31.4 million self-pay customers. Estate Second-quarter advertising revenue at Pandora • Whiskey Jam rose 82 percent to $383 million, with the company Celebrates 10 Years citing “strong monetization” and the acquisition of as a ‘Rite of Passage’ Stitcher in the fourth quarter of 2020. for Nashville Artists SiriusXM’s total second-quarter revenue of $2.16 & Songwriters billion was up 15 percent from the year-ago period, (continued) TOTAL IMMERSION ESSENTIAL ANALYSIS of the latest business topics and trends formulated to give industry players the competitive advantage in a rapidly changing market. EXCLUSIVE QUARTERLY REPORTS that deliver in-depth, holistic reporting; case studies; and custom data designed to serve the industry. A DEEP DIVE LIBRARY stocked with intelligence on fan data, SUBSCRIBE TO BILLBOARD PRO FOR song catalog sales, TV synchs, Africa’s burgeoning music ACCESS TO NEW REPORTS business and the gaming industry’s embrace of artists. AND THE ARCHIVE 2021 R&B/HIP HOP POWER ISSUE R&B/Hip-Hop dominates every other genre claiming a quarter of all music consumption. On August 7th, Billboard will publish its 5th annual R&B/Hip-Hop Power Players list showcasing the producers, creatives, executives and publishers who have made R&B/Hip-Hop the hottest genre on earth. Advertise and congratulate the people who are driving this industry and reach an influential audience of decision-makers in music and pop culture. ON SALE : 8/7 | AD CLOSE: 7/28 | MATER IAL S DUE: 7/29 CONTACT Sp ue Joe Maimone 201.301.5933 | [email protected] LE Lee Ann Photoglo 615.376.7931 | [email protected] 21 Cynthia Mellow 615.352,0265 | [email protected] Marcia Olival 786.586.4901 | [email protected] Ryan O’Donnell +447843437176 | [email protected] Editorial content subject to change Page 3 of 22 IN BRIEF refraining from other measures that could NetEase Cloud Music, which in May ap- China Regulator help TME reassert its dominant market plied to go public on the Stock Exchange of status, the regulator said. Hong Kong, said it “firmly supports SAMR’s Orders Tencent Tencent Music, in a regulatory filing penalty” on Tencent, according to a state- on Monday with the U.S. Securities and ment posted on Saturday on the company’s Music to End Exchange Commission, said it is “committed Weibo account. NetEase added that it to complying with all requirements set forth “promises to actively fulfill its platform Exclusive in the [SAMR] decision fully and in a timely responsibilities” including not signing ex- manner.” The company said it will imple- clusive online music copyright agreements Licensing Deals ment a “rectification plan” that includes and to “resist driving up copyright prices.” terminating exclusive music copyright The action was the latest of the antitrust With Labels licensing arrangements within 30 days of watchdog’s wide-ranging penalties through- the decision, which was handed down on out the country’s tech sector in recent BY KYLE MULLIN AND ALEXEI Saturday (July 24). months, including the July 7 fining of Ten- BARRIONUEVO Shares of TME fell 3% on Monday to cent Holdings and other tech titans Alibaba, $10.46 a share. Amid China’s regulatory Didi, Suning and Meituan, for failing to EIJING — China’s antitrust crackdown, the stock has fallen 67% since report their prior merger arrangements for regulator has ordered Tencent hitting a high of $31.79 on March 23. (Since anti-monopoly assessment. Music Entertainment to end its Tencent Music went public on the New York As TME noted in its SEC filing, the regu- practice of making exclusive Stock Exchange in 2018, its market cap has lator’s decision stemmed from parent com- Blicensing deals with major record labels, a fallen from $21 billion to $18 billion.) pany Tencent Holdings Inc.’s acquisition decision that is likely to further chip away at The long-rumored action by the SAMR in 2016 of China Music Corporation, from the dominance of the Chinese music stream- makes official that the Chinese govern- which the newly-renamed Tencent Music ing player. ment will not allow Tencent Music to Entertainment added the popular Kugou China’s State Administration for Market grow unchecked and at the expense of its and Kuwo music streamers. Those plat- Regulation (SAMR) said Shenzhen-based competitors. And it opens the door for rivals forms, along with QQ Music, have allowed TME must forgo its music copyright fees, in- like NetEase Cloud Music to make further Tencent to control 77% of China’s monthly cluding high advance payments to copyright inroads in China’s streaming market. active users among the country’s top five owners, by the regulator’s 30-day deadline “An opportunity has indeed arisen for streaming apps, according to a December of late August. China’s online music market to beat the for- assessment by QuestMobile, a Chinese Going forward, the company must also mer market dominant TME,” You Yunting, research company. seek approval before requiring copyright an intellectual property rights attorney at Tencent grew faster through exclu- owners to offer it preferential licensing Debund Law Offices in Shanghai, tells Bill- sive deals with the majors for use of their terms over its competitors, while also board. international catalogs on TME’s streaming AUTHORITATIVE INTELLIGENCE. DELIVERED DIGITALLY. CLICK HERE FOR FREE DELIVERY DIGITAL NEWSLETTERS 2021 ERIKA RECORDS INC. 40TH ANNIVERSARY This year marks the 40th anniversary of Erika Records Inc. CONTACTS founded in 1981 by Erzsebet Liz Dunster, making the company the first ever woman owned vinyl record Joe Maimone 201.301.5933 | [email protected] pressing plant. Originally started as a heavy metal label Dunster scouted bands at legendary venues such as the Lee Ann Photoglo Troubadour and sold records out of the trunk of her Pinto. 615.376.7931 | [email protected] She had one goal in mind: save enough to open her own pressing plant for the sake of creative freedom. She Cynthia Mellow wanted to elevate vinyl records beyond the standard 615.352,0265 | [email protected] round record. Marcia Olival 786.586.4901 | [email protected] The company’s DIY approach and commitment to the evolution of vinyl has been key to the success of Erika Ryan O’Donnell Records over the past four decades. The company is a +447843437176 | [email protected] leader in both standard and custom vinyl manufacturing having made puzzle piece records, flower petal records, etch-picture disc combination records, and more. Today Erika Records operates out of a 36,000 square foot facility with over 40 running presses in Buena Park, California and is the only 100% lead free pressing plant. Over the years they have produced vinyl for independent and mainstream artists alike such as The Locust, Nirvana, Snoh Aalegra, MF Doom, Tame Impala, SZA, and Lady Gaga. ISSUE DATE 8/7 | AD CLOSE 7/28 | MATERIALS DUE 7/29 BILLBOARD COUNTRY UPDATE APRIL 13, 2020 | PAGE Page 4 5OF of 1922 ON THE CHARTS JIM ASKER [email protected] IN BRIEF SamHunt’s Southside Rules Top Country platformsAlbu — dealsms; for which Brett competitors Y oungthan it could ‘Catc have been.h The’-es SAMR Fifthmade Airplay say the company routinely overpaid. (Andy no mention of Tencent Music’s new release SBA Has Awarded Ng, a TME Leagroup vp,der; has told Billboard Travis that partnershipsDenning or exclusive Makes deals with artists History the prices were in line with projections of like Mandopop star Jay Chou — for whose Over 10,000 streaming users.) songs NetEase paid TME nearly $3 million SamAnd Hunt Tencent’s second has studio also capitalized full-length, andon first in overto sub-licensefive years, Southside in 2018, accordingsales (up 21%) to court in the trackingShuttered week. On Country Airplay, Venueit hops 18-15 (11.9 mil- (MCAlisteners Nashville/Universal who do not use Music its services, Group Nashville), sub- debutsfilings at No.
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