Gary Bannett

I’m thrilled to share exciting new research No Guarantees has commissioned in partnership with leading trends and generation research firm Culture Co-Op. The report explores what Gen Z and Millennials think about Broadway, examines the reasons they aren’t showing up, and suggests strategic steps the industry can take to cultivate new, engaged audiences. The research shows that Gen Z and Millennials’ lack of Broadway attendance is not due to details like a particular show’s cast, subject matter, or number of awards it has received. Instead, it’s a handful of deep misconceptions about Broadway itself, like confusion about ticket prices, the number of shows playing at any given time, access to tickets, and who Broadway is even meant for. The great news for Broadway is that while Gen Z & Millennials may not know much about individual shows or what’s happening in the theater industry, the Broadway brand remains extraordinarily strong. They are curious about us, and 91% even reported being more interested in Broadway simply by taking the survey! They’re ready to be brought into the fold. This gives all of us the ability to appeal to the existing interest of new, young audiences and develop a modern, actionable strategy to make it happen - to meet people where they really are. There’s so much to dive into so please check out the full report, which you can download at noguarantees.com. Please feel free to reach out with any questions, comments, or ideas!

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“Sony Music Entertainment is set to acquire the catalog of legendary rock band Queen in a landmark deal worth GBP £1 billion (USD $1.27 billion at current exchange rates). That’s according to Hits, which reported on Wednesday (June 19), citing sources, that Sony Music has emerged as the winning buyer for Queen’s recording and publishing rights, as well as royalties from previous deals with Disney Music Group and Universal Music Group. Disney owns the band’s recorded music catalog in North America, while UMG has a global distribution agreement with Disney. Separately, Queen band members Brian May, Roger Taylor, and John Deacon – plus the Freddie Mercury estate – each own equal shares in the company Queen Productions Ltd, which owns the group’s recording catalog outside the US and Canada, Music Business Worldwide noted in a report last year. UMG, as Disney’s distributor, will reportedly retain distribution rights in North America, although Sony will receive the royalties. UMG’s worldwide distribution rights will then transfer to Sony in 2026 or 2027, making Sony Music the sole distributor and owner of all Queen content globally, Hits explained. The deal also reportedly includes name and likeness rights, opening doors for merchandise and other ventures. Meanwhile, Queen’s founding members, May and Taylor, who continue to tour with vocalist Adam Lambert, will reportedly retain control of revenue from live performances.” Read the full article for more: #Queen #SonyMusic #UMG #DisneyMusicGroup #UniversalMusicGroup #Music #MusicBusiness #Musica #MusicIndustry #Musique #Musik #MusicBiz #Creators #Artists

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O P T I M I S T I C ! ! ”Los Angeles Film and TV Production Sees Sluggish Rebound From Strikes, but There’s Optimism” according to a report from FilmLA which notes an anemic return to filming in the region but that jobs appeared to return in full force in March. Filming in Los Angeles has been slow to bounce back after production in the region was decimated by Hollywood’s historic season of strikes.  The main reason for the sluggish rebound: A double-digit drop in television shoots compared to the same period last year.  Also playing a factor in the decline were reductions in content spend across most major studios, series cancellations and runaway production.  While the difference was steep in January (30.6 percent fewer jobs, totaling 2,282), it was modest in February (5.1 percent fewer jobs, totaling 3,061) and nearly unnoticeable by the end of March (a 0.4 percent increase, totaling 3,274 jobs).  There’s optimism in production levels for feature films. The category rose slightly in the quarter, picking up 634 shoot days to finish an estimated 7 percent ahead of the same months last year. Movies in production included Beverly Hills Cop 4, Atlas, and Lurker, all of which are getting tax credits to film in California.  FilmLA also flagged the loss of commercial production — which slipped nearly 10 percent year-over-year and more than 33 percent below the five-year average — to other jurisdictions as a concern. Filming for smaller, lower-cost shoots, such as documentaries, music videos and still photography, similarly fell by roughly 5 percent. Entertainment Partners https://lnkd.in/g5veEE6R https://lnkd.in/gjhbnQdG

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“Spotify is increasing its prices for the second time in less than a year. Investors have welcomed the move, reckoning that it won’t negatively impact on total user numbers and will help Spotify in its ongoing bid to become a profitable business.” “Many in the music industry have long argued that streaming subscriptions are under-priced. So, Spotify instigating a second round of price increases in under a year would likely be widely welcomed, if it wasn't for the streaming service’s sneaky bundling tricks causing a new controversy….” Read on - #Spotify #DSPs #Streaming #Songwriters #StreamingRoyalties #Royalties #MusicTracks #MusicStreams #Music #MusicBusiness #Musica #MusicIndustry #Musique #Musik #MusicBiz

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