Re: El negocio de la música: Universal Music, Sony Music, Warner Music. Streaming: Spotify, Apple Music, etc.
Perhaps the answer lies in controversial comments made by Steve Cooper last month, in which he revealed that in the past few years, Warner had been following a “portfolio” strategy that had “reduce[d] our dependency on superstars”.
Added Cooper: “Reducing that dependency has allowed us to continue to reinforce our approach to A&R, which is long-term artist development.”
Essentially, Cooper was saying that Warner is spending a smaller proportion of its overall A&R budget on ‘superstar’ artists, and spreading the remainder amongst a wider spread of non-superstar artists.
More bets, but smaller bets. An increase in partnerships with artists who have healthy, growing businesses and loyal audiences – but who lack any realistic hope of playing two nights at Wembley Stadium.
......There is solid data underpinning this strategy: According to MBW’s calculations of Luminate figures, the Top 10 audio streaming tracks in the US in H1 2022 were cumulatively played over 1 billion times less than they were in H1 2019 (2.74bn vs. 3.81bn).
Making mega-hits, with superstar artists, is getting empirically more difficult.
https://www.musicbusinessworldwide.com/robert-kyncl-to-do-list/
,En el video también se está viendo esa estrategia:
More bets, but smaller bets.
Investing is where you find few great companies & then sit on your ass - Munger