Manhattan’s oldest record store, Record Mart, is permanently closing its doors. Record Mart recently confirmed the unfortunate news on Facebook, writing: “Sad to say it is the end of era!!” Outside of that brief statement, the famed Times Square subway…
Author archives: Dylan Smith
Billionaire Kanye West Files U.S. Trademark for ‘Yeezy’ Cosmetics Line
Billionaire rapper Kanye West has filed a U.S. trademark for a line of “Yeezy” cosmetic products. Kanye West submitted the trademark application (via his Mascotte Holdings, Inc. brand, through which he has registered a number of other trademarks, inclu…
Moments After Its IPO, Warner Music Group Offers $535 Million In Senior Secured Notes
Having returned to Wall Street – and generated almost $2.5 billion – earlier this month, Warner Music Group (WMG) is moving forward with plans to issue $535 million worth of senior secured notes. Warner Music Group announced the substantial capital-rai…
Akon Receives $6 Billion Construction Grant to Build ‘Akon City’ In Senegal
Akon has closed a multibillion-dollar contract to build a futuristic city – aptly named Akon City – in Senegal. The Senegalese-American singer announced Akon City’s construction plans via a press release, but hadn’t personally elaborated on the highly …
UMG’s Global Expansion Continues — Offices Opening In Tel Aviv, Casablanca
As part of its ongoing quest to develop a presence in quickly emerging markets, Universal Music Group (UMG) has opened new offices in Casablanca, Morocco, and Tel Aviv, Israel. Universal Music Group officials announced the expansions in a press release…
Apple Faces Billions In Potential Fines as EU Announces Anticompetitive Investigations
Apple is facing billions in potential fines as a result of two newly announced antitrust investigations being conducted by the European Union. The European Commission – the EU’s executive branch – unveiled the far-reaching investigations this morning, …
Tencent’s Land-Grab Continues — iQIYI Acquisition Could Be Next
Reports are emerging that Chinese conglomerate Tencent is moving to purchase a major stake in Beijing-based video platform iQIYI. Neither Tencent officials nor iQIYI higher-ups have publicly commented on the rumors, though the market appears to be resp…
BTS Claims World Record for Largest Online Concert In History
Seven-piece boy band BTS attracted a record-breaking number of viewers to its recently held “Bang Bang Con: The Live” virtual concert, according to Big Hit Entertainment. BTS performed 14 tracks across a roughly 100-minute-long show on Sunday evening (…
Video Surfaces of Howard Stern In Blackface, Repeatedly Using the N-Word
A clip of radio veteran Howard Stern wearing blackface and repeatedly using the N-word is making rounds on social media and video-sharing platforms. The footage was first released on VHS in 1994, as part of Howard Stern’s “New Year’s Rotten Eve” specia…
Looks Like Tencent Owns a Bigger Chunk of Warner Music Than We Thought
According to a new Securities and Exchange Commission (SEC) filing, Chinese conglomerate Tencent has purchased a larger stake in Warner Music Group (WMG) than previously believed – to the tune of eight million Class A shares. Late last week, reports em…