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On this episode of Music Business Worldwide's Talking Trends, MBW founder, Tim Ingham, is once again joined by Charlie D'Atri, to discuss two key recent headlines from the world of entertainment.
This week's duo of topical picks get our hosts more irritated than usual:
(1) The US Department of Justice suing Live Nation and Ticketmaster in a bid to break up what it describes as an "unlawful monopoly".
(2) Generative AI Suno raising $125 million, as its prime investor – venture capital firm Lightspeed Partners – claims that the app can spit out music "worthy of Top 40 radio".
People and companies mentioned on this Talking Trends podcast include: Live Nation, Ticketmaster, Michael Rapino, Lightspeed Partners, Suno, Olivia Rodrigo, and more.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On the latest Music Business Worldwide podcast, MBW founder Tim Ingham is joined by Temi Adeniji, Managing Director of Warner Music Africa and SVP of Sub-Saharan Africa at Warner.
Africa, especially Sub-Saharan Africa, is already a major global music industry story with huge potential for the future. On the music-making side of things, the continent has produced global hits and superstars in recent years including the likes of Burna Boy from Nigeria, Tyla from South Africa, and many others.
Based in Johannesburg, Adeniji has been instrumental in a number of initiatives from Warner Music Group in Africa in recent years, including its partnership in Nigeria with Chocolate City, signed in 2019, as well as its acquisition of distributor Africori in 2022.
Adeniji was born in Nigeria before moving to the US as a child, where she later graduated from Princeton University and then Columbia University, before building a successful career in law. She then joined Warner Music Group in New York in 2016, working across international strategy and operations, before relocating for her current job in Johannesburg in 2021.
On this podcast, Temi discusses the potential of various African markets, plus Warner’s own strategy in the region, and the general commercial excitement in the music biz surrounding the continent.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On this episode of Music Business Worldwide's Talking Trends, MBW founder, Tim Ingham, is once again joined by Charlie D'Atri, to discuss two key recent headlines from the world of entertainment:
(1) Universal Music Group's kiss-and-make-up announcement with TikTok over the two companies' new deal, via which UMG says it's being paid more handsome compensation than it was previously;
(2) Spotify quietly moving access to lyrics behind a 'paywall' – i.e. making lyrics a Premium-only perk.
People and companies mentioned on this Talking Trends podcast include: Spotify, Universal Music Group, TikTok, Taylor Swift, Billie Eilish, Sir Lucian Grainge, MySpace, Musixmatch, RIAA, SiriusXM, Michael Nash, WimP, TIDAL, and more.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On this Music Business Worldwide podcast, MBW founder Tim Ingham is joined by David Israelite, the President and CEO of the National Music Publishers' Association.
We probably don't need to ask you to guess which particular controversial topic Israelite and Ingham discuss.
Earlier this month, Spotify announced that it was changing the way it calculates mechanical royalty payments for songwriters and publishers in the US.
Spotify has re-categorized its Premium subscription tiers in the States as 'bundles,' enabling it to pay out a lesser mechanical royalty rate to songwriters than it would if said Premium tiers were classified as pure music services.
Spotify believes it is entitled to re-categorize these tiers as 'bundles' due to the fact that SPOT now offers access to music plus audiobooks.
The idea that 'bundled' services should be entitled to a lower mechanical royalty rate (vs. standard music subscription services) was enshrined in the so-called 'CRB IV' agreement/settlement between publishers and Spotify in the States, signed in 2022, and covering the years 2023-2027.
As David Israelite explains on this podcast, the NMPA is currently considering legal action against Spotify that would seek to undo the newly-lowered 'bundle' mechanical royalty rate on the service.
This isn't the first time that Spotify and songwriters have butted heads, of course: In 2019, the US Copyright Royalty Board (CRB) decreed that Spotify and other streaming services needed to increase the headline mechanical royalty rates they paid publishers and songwriters in the US for the period covering 2018-2022.
That decision from the CRB (in the so-called 'CRB III' process) followed a campaign of lobbying and general legal cajoling from the NMPA, on behalf of songwriters and publishers.
Spotify (and Amazon) subsequently appealed this ('CRB III') ruling, attempting to drive down the mechanical royalty rate they paid songwriters under US law.
The CRB, though, stood firm – and told the streamers they must increase their rate.
Now, with its 'bundle' reclassification under 'CRB IV', Spotify is once again attempting to push down the percentage of its revenue that it must, by law, pay to songwriters and publishers in its biggest market.
Will Spotify ultimately get away with it? Stay tuned.
As Israelite confirms on this podcast: "This will likely end up in a legal conflict..."Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On this episode of Music Business Worldwide's Talking Trends, MBW founder, Tim Ingham, is once again joined by Charlie D'Atri, to discuss two key recent headlines from the world of entertainment:
(1) A battle between Concord and financial giant Blackstone to acquire Hipgnosis Songs Fund – the UK-listed bundle of music rights accumulated by Merck Mercuriadis;
(2) Spotify's decision to re-categorize its Premium subscription tiers as 'bundles' – including audiobooks – that will materially lessen the royalty rate paid to songwriters in the US.
People and companies mentioned on this Talking Trends podcast include: Spotify, Daniel Ek, Blackstone, Merck Mercuriadis, Concord, NMPA, David Israelite, EQT, Shot Tower Capital, BMG, Citrin Cooperman, and more.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On this episode of Music Business Worldwide's Talking Trends, MBW founder, Tim Ingham, is joined by Charlie D'Atri, to discuss two key recent headlines from the world of entertainment:
(1) Criticism of Spotify from non-superstar artists who say the platform isn't paying them a fair amount in royalties; (2) Taylor Swift unilaterally putting her recorded music back on TikTok despite her record company, Universal Music Group, continuing to refuse to license the service.
People and companies mentioned on this Talking Trends podcast include: Universal Music Group, Spotify, Daniel Ek, Sir Lucian Grainge, Stem, Milana Rabkin-Lewis, Virgin Music Group, Beggars Group, Bad Bunny, TikTok, HYBE, Scooter Braun, WeVerse, Meta.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On the latest Music Business Worldwide podcast, MBW founder Tim Ingham is joined by Milana Rabkin Lewis, the founder and CEO of Los Angeles-based Stem, a distribution and services company, including financial services for independent artists.
Stem has had a big 12 months. A major highlight arrived last summer when the company announced it had secured a $250 million credit agreement with Victory Park Capital, which has transformed the size and scope of artist advances that Stem can offer.
For a firm that has grown used to seeing some of its biggest independent artists jump to major label deals, that $250 million raise is something of a game changer for Stem and Milana.
Long-term listeners to MBW's podcasts may remember that this isn't Milana’s first time speaking to us. She last appeared on this podcast four years ago, just at the tip of the pandemic, and she volunteered a number of predictions about the music businesses in the years ahead, many of which have already come true, or at least partly come true.
On this podcast, Milana and Tim discuss – with some agreement, but not always – several crucial topics in the music business right now, from TikTok versus Universal Music Group to artist-centric streaming royalties to artificial intelligence, and of course Stem, and why Milana truly believes she is building a music company fit for the future.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On this episode of Music Business Worldwide's Talking Trends, MBW founder, Tim Ingham, is joined once again by Charlie D'Atri, to discuss two key recent headlines from the world of entertainment: (1) BMI's $100 million payout to songwriters following its acquisition by New Mountain Capital; (2) Universal Music Group's investment into HYBE's 'superfan' app, WeVerse.
People and companies mentioned on this Talking Trends podcast include: BMI, ASCAP, Google, Spotify, New Mountain Capital, BMG, Kobalt, Sony Music, Universal Music Group, Sir Lucian Grainge, HYBE, Scooter Braun, Shopify, David Bianchi, Goldman Sachs, Live Nation, Ticketmaster, Vivendi, SeeTickets, WeVerse, and more.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On this episode of Music Business Worldwide's Talking Trends, MBW founder, Tim Ingham, is joined once again by Charlie D'Atri, to discuss two key recent headlines from the world of entertainment: (1) Fortnite's 'Festival', built by music gaming experts Harmonix, in which players can purchase music tracks via in-game store; (2) A stat from Spotify showing that over half the 66,000 artists who generated $10k+ on the platform in 2023 were based in countries where English is not the first language.
People and companies mentioned on this Talking Trends podcast include: Epic Games, Harmonix, Meta, Mark Zuckerberg, Universal Music Group, Gabe Newell, Valve, Sony Music Group, Warner Music Group, Daniel Ek, Spotify, Luminate, Mavin Records, Believe, and Denis Ladegaillerie.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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Welcome to the latest Music Business Worldwide Podcast, supported by Voly Entertainment.
Joining MBW founder, Tim Ingham, on this podcast is Julius Erving III, better known as J. Erving.
Erving is the founder of Los Angeles-based Human Re Sources, a distribution and services company working with premium independent artists. Its successful clients since launch have included Brent Faiyiz, Pinks Sweats, Ant Clemons, and YBN Nahmir.
Right now, though, people are focusing on Human Re Sources for one artist more than any other: RAYE.
In February 2024, two years after that signing to Human Re Sources, RAYE swept the UK’s BRIT Awards, with a record-breaking six wins including Album Of The Year.
There is, then, lots to ask J Erving about the success of independent artists like RAYE – and what that reflects about the wider music business.
On this podcast, we also ask him about his previous life as an artist manager, his personal motivations, and his decision in 2020 to sell Human Re Sources to Sony Music and The Orchard.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On this episode of Music Business Worldwide's Talking Trends (supported by Voly Entertainment): MBW founder, Tim Ingham, is joined by Los Angeles-based music biz seer, Charlie D'Atri, to discuss two recent headlines from the world of entertainment:
(1) Deezer's decision to remove 26 million music tracks from its library of content; and (2) The amount of 'manipulated audio' that continues to thrive on TikTok today - even when it's a Universal Music Group recording being 'manipulated'. (Also discussed Skibidi Toilet – a cultural phenomenon driven by a 'manipulated' Timbaland track.)
People and companies mentioned on this Talking Trends podcast include: Deezer, Bob Roback, Ingrooves, Epidemic Sound, Calm, Amazon, Windham Hill Records, Universal Music Group, Endel, Oleg Stavinksy, Pex, TikTok, JP Morgan, YouTube, Rasty Turek, Neil Young, and more.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On this episode of Music Business Worldwide's Talking Trends, MBW founder, Tim Ingham, is once again joined by US-based music biz veteran, Charlie D'Atri, to discuss two specific recent headlines from the world of entertainment: (1) A tough time on the public markets for private members' chain – and music industry favorite – Soho House; and (2) The increasing prospect of a battle between Denis Ladegaillerie and Warner Music Group to acquire control of Believe.
People and companies mentioned on this Talking Trends podcast include: Soho House, Hipgnosis Songs Fund, Merck Mercuriadis, Warren Buffett, Denis Ladegaillerie, Warner Music Group, Believe, Robert Kyncl, Ingrooves/Virgin Music Group, The Orchard, Willard Ahdritz, SoundCloud, and AWAL.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On this Music Business Worldwide Podcast, MBW founder, Tim Ingham, interviews Aaron Bay-Schuck, the CEO and co-Chairman of Warner Records in Los Angeles.
Right now, Warner Records is on fire like no other time in its recent history. It's seeing blockbuster success from several artists who, according to Bay-Schuck, are all true artist propositions – in this industry for the long-term, rather than just a quick streaming or TikTok hit.
These artists include the likes of Teddy Swims, Benson Boone, Dua Lipa, and – not least – country star Zach Bryan, whose No.1 US single, I Remember Everything (feat. Kacey Musgraves), continues to bounce around the Top 10 of the Billboard Hot 100... despite being released last summer.
Alongside his fellow co-Chairman, Tom Corson, Aaron Bay-Schuck last year led Warner Records to become the fourth biggest frontline record company in the US. According to Billboard, Warner Records 'current' US market share jumped by 110 basis points in 2023, up to 5.96% from 4.86% in 2022.
Bay-Schuck's industry story before Warner was an interesting journey – from being a junior at the A&R team of Atlantic Records, where he signed Bruno Mars, through to becoming President of A&R at Interscope, where he worked with the likes of Imagine Dragons, Lady Gaga, Gwen Stefani, and Selena Gomez.For Bay-Schuck, his more recent success with Zach Bryan and co. isn't evidence of Warner Records suddenly becoming a ‘hot’ label.
In his eyes, it’s evidence of a patient, long-term, and consistent A&R strategy…Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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MBW's Talking Trends is back!
On this episode, Music Business Worldwide founder, Tim Ingham, is joined by US-based industry expert, Charlie D'Atri, to discuss two specific topics that have made headlines in recent weeks: (1) A recent wave of lay-off announcements at major music companies, and (2) Universal Music Group's new $240 million investment into Chord Music.
People and companies mentioned on this Talking Trends podcast include: Universal Music Group, Warner Music Group, Robert Kyncl, Julie Greenwald, Chance The Rapper, Peter Mensch, Cliff Burnstein, Roc Nation, John Janick, Monte Lipman, Irving Azoff, Jeffrey Azoff, Stephen Hendel, Sam Hendel, AWAL, In2une, Sir Lucian Grainge, Boyd Muir, Mubadala, Sony Corp, EMI Music Publishing, Golnar Khosrowshahi, Reservoir, Blackstone, KKR, and Hipgnosis.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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Hello and welcome to the latest Music Business Worldwide Podcast, supported by Voly Music – now known as Voly Entertainment.
On this podcast, MBW founder Tim Ingham discusses a crisis that's rapidly deteriorating the UK live music scene.
The Music Venue Trust is a trade body representing the interests of a vital collective of British live music venues. It’s just released a bunch of shocking statistics in its annual report – including the fact that in 2023, an average of two of the UK’s live music venues were shutting their doors every WEEK.
Amongst the venues that Music Venue Trust represents are what it calls Grassroots Music Venues, or GMVs. It surveyed 835 of these GMVs for its 2023 annual report.
These venues have an average capacity of 309 people, though that can range to a capacity over 650 people. As mentioned, the Music Venue Trust’s latest report shows that two GMVs are shutting down per week in the UK.
But perhaps the most shocking data point in the new report is that 38.5% of GMVs reported an annual financial loss in 2023. To repeat that: Over a third of ‘club’-sized music venues in the UK are currently operating at a loss.
On this podcast, Tim Ingham is joined by Mark Davyd, founder and CEO of the Music Venue Trust. Davyd explains how his organization intends to solve this issue – likely via a levy placed on ticket sales in larger venues like arenas and stadiums.
He also explains why this is a more complicated scenario than merely being the free market in action – and suggests that it’s only a matter of time before the UK’s live music venue crisis reaches a similar point of desperation in the United States…Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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On this episode of the Music Business Worldwide podcast – supported by Voly Entertainment – MBW founder, Tim Ingham, is joined by Rasty Turek.
Rasty is the founder and CEO of Pex – which, amongst other things, tracks and analyses copyrighted content on digital services.
According to Pex's tech, over a million tracks on audio streaming services like Spotify, Apple Music, and TIDAL, are not what they appear to be.These million-plus tracks are what Pex calls “modified audio” – which means an original track has been sped up, slowed down, or otherwise manipulated, and then uploaded as an entirely new recording.
The main issue for the music industry? Unless these million-plus tracks have legally licensed the original recording on which they’re based, they’re infringing copyright.
More than that, they’re pulling royalties away from the original artists in question.
Pex has provided a number of examples of ‘sped up’ tracks on audio streaming platforms that aren’t attributed to a recording's original artist.
There’s a version of Halsey’s 'Without Me', for example, with over 6 million streams on Spotify. There’s also modified version of Coldplay and The ChainSmokers’ ‘Something Just Like This’ that has over 12 million plays.
It’s not hard to find more: I took a cursory search through Spotify before recording this and discovered a sped-up version of Justin Bieber and Nicki Minaj’s Beauty and a Beat with over 8 million streams, and a sped-up version of Lady Gaga’s Bloody Mary with over 25 million streams. In all of these cases, the credited artist on each track – and therefore, presumably the artist account collecting royalties – is not the original artist in question.
As you can hear in our interview with Pex’s Rasty Turek, he thinks this is an industry failing – and something of a sibling to streaming fraud…Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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Hello and welcome to the latest Music Business Worldwide Podcast, supported by Voly Entertainment.
On this 'cast, MBW founder Tim Ingham is joined by two people who know all about music 'superfans': Alexander Seidl, the CEO of Aviator, and Lindsay Jones, the COO of Aviator.
Aviator, headquartered in Hamburg, Germany, specializes in serving these superfans rare content from the artists they love – often with archive video that has long gone undiscovered and has been gathering dust.
It’s worked with artists including Mark Knopfler, James Taylor, Cliff Richard, Cher, James Brown and Olivia Newton-John.
Aviator also specializes in rights clearance and rights management. You can see how that expertise marries with its archive content business – Aviator finds, say, the long-forgotten content from a French TV performance in 1986, clears the rights, smartens up the audio and video using hi-tech tools, before finally releasing it to... superfans.
This expertise in serving superfans, especially superfans of catalog artists, puts Aviator squarely in the center of one of the defining questions of today’s music business: Is the industry getting enough money from superfans – and is it serving them adequately?Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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Hello and Welcome to the Music Business Worldwide podcast supported by Voly Music.
On this podcast, MBW founder Tim Ingham is joined by Anthony Davenport, the CEO and founder of New York-headquartered Regal Credit Management.
Regal Credit, as the name suggests, helps high-profile and high-net-worth individuals with their credit – both in terms of building it and protecting it.
Regal Credit, which was recently named on the Inc. 5000 list of companies in the US, counts many clients from across the music business
The particular reason we invited Davenport on this podcast was to discuss a tool of Regal’s called CyberSweep.
CyberSweep is a data removal service that either suppresses or outright deletes personal information from across the internet – whether on the dark web or more legitimate sites.
According to Davenport, Cyber Sweep has been used by very high-profile figures in the music business including superstar artists - who are looking to protect themselves both from fraudulent online activity, and from stalking from fans.
On this podcast Davenport discusses why he believes such activity is becoming a growing societal problem, and we also get time to dig into Davenport’s own interesting origin story that led to the birth of Regal Credit.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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Welcome to the Music Business Worldwide podcast supported by Voly Music.
Joining MBW founder, Tim Ingham, on this podcast is Scott Cohen, the CEO of JKBX.
JKBX is a new platform that enables investors (including so-called ‘retail investors’) to acquire royalty shares in hit songs. It will, in future, also allow you to trade those royalty shares by selling them to others.
JKBX launched in September and according to Bloomberg had over $1.7 billion -worth of music assets secured. Right now on the platform, JKBX is offering royalty shares in hit songs like Halo performed by Beyoncé, Rumour Has It performed by Adele, Welcome To New York performed by Taylor Swift, and many more.
However, as you read this, you can only reserve your acquisition of royalty shares on JKBX. Before it completes any transaction, the company is in the process of attempting to secure regulated approval from the US Securities and Exchange Commission (aka the SEC).
As well as its primary investor, Dundee Partners, JKBX has reportedly attracted strategic investors including Spotify, Live Nation, YouTube, Red Light Management and others.
Things to know about Scott Cohen before we get into the podcast? He is the co-founder of The Orchard – which he co-launched with Richard Gottehrer in the second half of the nineties, before selling it to Sony Music for a total of around $250 million, partly in 2012 and partly in 2015.
Before joining JKBX, Scott was most recently Chief Innovation Officer at Warner Music Group, where he kept his ear close to the ground on tech such as artificial intelligence, the metaverse, and blockchain.
On this podcast, we ask Scott about JKBX’s prospects, the changing nature of technology’s involvement in music, and the lessons he learned building the Orchard into a $250 million company…Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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Welcome to the latest Music Business Worldwide podcast supported by Voly Music.
On this 'cast Tim Ingham, founder of Music Business Worldwide, is joined by Maria Egan, the Global Head of Music – as well as events – at Riot Games.
Riot is home to a number of extremely popular online games, including League of Legends and Valorant. But it’s also a TV and movie producer: Riot made the award-winning Netflix animated series, Arcane.
Today, Riot Games is owned by Chinese giant Tencent, which paid $400 million to buy a 93% stake in the company in 2011.
Maria Egan joined Riot last year from music-making platform Splice, where she was Chief Music Officer. Prior to that, Egan was a highly successful President and Head of Creative at PULSE Music Group.
Egan's career so far has seen her work closely with talent including Kehlani, Tiesto, Run The Jewels, and more.
She is also an alumnus of Columbia Records, where she was once Vice President of A&R.
In addition to its work in games, TV, and film, Riot Games is taking music very seriously: It has previously worked with Imagine Dragons on the hit single from the Arcane soundtrack, Enemy, which has over 2 billion streams to date.
Each year, for the League of Legends World Championship, a different track is chosen as the official anthem of the tournament. In previous years, this honor has fallen to the likes of Imagine Dragons and Lil Nas X.
For this year’s tournament, the anthem comes from fast-rising Korean act New Jeans, who are signed to HYBE, with a track called GODS.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).
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