Eleven-year-old Will Page is sitting on a Scottish beach, imploring his math-teacher father to teach him “what economics means.” His father points to the water and asks him how a politician should combat a rise in child drowning deaths. “Why not make swimming lessons compulsory?” Page suggests. “No more children …
Read More »David Crosby Sells Catalog to Irving Azoff's Iconic Artists Group
David Crosby sold his recorded music and publishing rights to Irving Azoff‘s latest venture Iconic Artists Group, the two announced on Wednesday, marking the latest high-profile deal in the booming music acquisition market and Azoff’s second deal after taking a majority stake in the Beach Boys’ intellectual property — including …
Read More »More Songs Are Going Platinum Than Ever Before
On Wednesday, the Recording Industry Association of America (RIAA) launched its inaugural “Class Of” campaign, which the organization will use to celebrate artists who earned first-time U.S. certifications in a given year. In announcing the 2020 class, it revealed that 53 artists scored their first gold or platinum awards. 32 …
Read More »Spotify Stocks Drops As It Misses Third-Quarter Forecasts — But Revenue and Subscribers Climb
Spotify stock is down Thursday as the company missed analyst projections on sales, but the company reported double digit year-over year-increases in both revenue and monthly active users, and ad revenue, which had taken a slight dip because of the pandemic last quarter, returning to growth. Revenue, up to $2.3 …
Read More »Live Nation Converting Venues Into Polling Sites for 2020 Elections
Live Nation has launched a new initiative to temporarily turn venues it owns into polling sites for the 2020 elections. The concert industry giant said Wednesday that it is discussing with local officials the feasibility of converting over 100 venues across the country. So far, Live Nation confirmed four venues …
Read More »Disclosure Designed a Minecraft World for Their New Album
Each month, more than 120 million people sign onto Minecraft, an expansive, free-wheeling computer game that allows users to build and defend towns, communities, and inventions with digital bricks. Minecraft is also one of the most-vlogged-about games on YouTube, Twitch, and Facebook. (This user-generated video of gameplay, for example, has …
Read More »Stores are Misusing Background Music and It's Costing the Record Industry Billions
It’s unfortunately commonplace that many people — artists, small business owners and average music fans alike — don’t know that musicians should be making money every time their work is played in a restaurant, bar, or retail store. In fact, it’s illegal for businesses to play music through personal streaming …
Read More »Trump Signs Executive Order Setting 90-Day Deadline for TikTok Sale
Following threats to ban TikTok, Donald Trump set a deadline of 90 days to its Chinese parent company ByteDance to divest itself from its U.S. ownership of TikTok, the White House announced Friday in an executive order. “There is credible evidence that leads me to believe that ByteDance … might …
Read More »Why Universal Music Group Now Has Offices in Israel and Morocco
Universal Music Group just became the first of the three music majors to open standalone offices in Israel and Morocco, making the announcement early Tuesday morning. UMG’s EVP of market development Adam Granite, who’s eagerly awaiting a change of scenery, would have been in Tel Aviv for the announcement — …
Read More »Nicki Minaj Sounds Off on Trump, Regrets and Fake Retirement in Wild Talk
After a long day of panels, discussions and demos highlighting touring business trends at the Pollstar Live 2020 conference in Los Angeles, a keynote conversation between mega-mogul/manager Irving Azoff and the notoriously unabashed Nicki Minaj felt radical, refreshing and carefree. Plenty of previous guests talked in circles, providing fluffy, media-trained …
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