December 01, 2023
We made it to Friday, media readers. Research associate Natalie Breymeyer here, with your weekly digest.
💼 Situational awareness: Blackstone-backed Moonbug Entertainment, the company behind the "CoComelon" franchise, named Netflix marketing veteran Peter Stone as its first chief marketing officer.
📌 Of note: Apple and Paramount have discussed bundling their streaming services at a discount, the WSJ reports, a sign that the long-awaited push to consolidate in this space is gaining ground.
1. Music money-making
Nov. 27 — The music rights market has picked up in the last few months after a yearlong dry spell, Tim wrote.
- Why it matters: The uncertain future of Hipgnosis Songs Management, one of the sector's biggest players, threatened to burst the bubble on the music rights market. Looking at the current state of play, that concern doesn't seem to be playing out with a slew of deals printing this fall.
- Go deeper: Read Monday's newsletter, plus Monday's Pro Rata on a Hall and Oates lawsuit putting the spotlight on the secretive world of music rights deals.