Condé Nast is officially suing Drake and 21 Savage for allegedly using a fake Vogue issue as part of a promotional campaign for their recently released Her Loss album. The Vogue owner Condé Nast submitted the multimillion-dollar action to a New York fe…
Author archives: Dylan Smith
Snoop Dogg Officially Signs With WME In All Areas Amid Death Row Records Buildout
One week after adding Yusuf/Cat Stevens to its client roster, WME has officially signed Snoop Dogg “in all areas.” WME unveiled the agreement with the “entertainment industry mogul” Snoop Dogg today. The Endeavor subsidiary hasn’t publicly shed light u…
Universal Music Publishing China Inks Partnership Deal With Beijing’s Ryce Publishing: ‘The Time of C-Pop Is Here’
Universal Music Group (UMG) has taken another step towards expanding its market presence in China, this time by inking a deal with Beijing’s Ryce Publishing. UMG’s publishing division just recently unveiled the tie-up, which was executed via Univ…
European Songwriter Organizations Call for EU Lawmakers to End ‘The Coercive Buy-Out Practices of US-Based VOD Platforms’
The European Grouping of Societies of Authors and Composers (GESAC) and The European Composer and Songwriter Alliance (ECSA) are calling on EU officials “to put an end to the coercive buy-out practices of US-based VOD platforms.” Brussels-headquartered…
The Music Acquisition Corp. Floats Proposal for Full Liquidation — Shareholder Meeting Set for November 30th
Late last month, it came to light that the Music Acquisition Corporation (TMAC) was in the process of being delisted from the NYSE in the absence of a buyout. Now, higher-ups have officially floated a proposal for full liquidation. This latest developm…
Harry Styles Postpones LA Concerts Due to Illness: ‘I’m So Sorry to Do It’
Harry Styles has officially postponed three Los Angeles concerts after coming down with the flu. The 28-year-old informed fans of the postponed stops – originally scheduled for November 5th, 6th, and 7th – on Instagram. Having kicked off the long-runni…
Hipgnosis Songs Fund Valuation Continues to Slip Despite Ongoing Share-Buyback Program
Despite beginning a long-anticipated share-buyback program about three weeks ago, Hipgnosis Songs Fund (LON: SONG) has a market cap of about £1.04 billion (currently $1.18 billion) – well beneath the value assigned to its song catalog earlier in 2022. …
The White House Promises to Crack Down On Concert Tickets’ ‘Hidden Junk Fees’ as Live Nation Posts Double-Digit Revenue Hike
Yesterday, Live Nation reported a massive Q3 revenue boost and its “highest quarterly attendance ever.” Now, the White House says it’s cracking down on “hidden junk fees,” specifically including “processing fees on concert tickets.” This latest governm…
Live Nation Posts Q3 2022 Revenue Jump As Execs Tout ‘Highest Quarterly Attendance Ever’
Live Nation (NYSE: LYV) achieved its “highest quarterly attendance ever” during Q3 2022, according to a newly released earnings report, as revenue spiked by nearly 130 percent from the same three-month stretch in 2021. The Ticketmaster parent company j…
Spotify Stock (SPOT) Threatens to Sink Below $70 Per Share for the First Time — Will a Price Increase Turn Things Around?
Spotify stock (NYSE: SPOT) is threatening to fall beneath $70 per share for the first time in company history – prompting investors and observers to speculate about the Stockholm-based business’s path forward and long-term outlook. During today’s tradi…