iHeart’s stock crashed by nearly a quarter (22%) today
The post Live Nation’s value has been slashed in half by Coronavirus – but it’s got off easy compared to iHeartMedia appeared first on Music Business Worldwide.
Author archives: Tim Ingham
Live Nation stock crashes 15.6%, as Coronavirus is categorized as ‘pandemic’ by WHO
Live concerts giant sees $1.7bn wiped off market cap valuation in less than a day
The post Live Nation stock crashes 15.6%, as Coronavirus is categorized as ‘pandemic’ by WHO appeared first on Music Business Worldwide.
More SXSW damage from Coronavirus pandemic: No refunds for ticket-holders, as event lays off a third of staff
Badge holders can defer registration to 2021, however
The post More SXSW damage from Coronavirus pandemic: No refunds for ticket-holders, as event lays off a third of staff appeared first on Music Business Worldwide.
Coronavirus panic just wiped nearly $5bn off the combined value of Vivendi, Spotify and Live Nation… in a day
MBW monitors how ‘Black Monday’ has hammered music stocks around the world
The post Coronavirus panic just wiped nearly $5bn off the combined value of Vivendi, Spotify and Live Nation… in a day appeared first on Music Business Worldwide.
Warner Music India launches, headed by ex-Sony exec Jay Mehta
Mehta served as Sony Music’s Director of Digital Business for several years
The post Warner Music India launches, headed by ex-Sony exec Jay Mehta appeared first on Music Business Worldwide.
Unlike SXSW, event promoter DEAG says it has ‘full insurance’ for Coronavirus cancellations
“Events canceled by the authorities due to COVID-19 are insured.”
The post Unlike SXSW, event promoter DEAG says it has ‘full insurance’ for Coronavirus cancellations appeared first on Music Business Worldwide.
SXSW disaster: Event admits it has no insurance for Coronavirus cancellation
Winter Music Conference tells would-be attendees to “put a pause on travel plans”
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An acquisition you should care about: Pex buys music rights platform Dubset in $25m+ deal
“This acquisition will immediately expand rights holders’ abilities to locate, protect, and monetize use of their catalog”
The post An acquisition you should care about: Pex buys music rights platform Dubset in $25m+ deal appeared first on Music Busine…
The global recorded music business generated over $50m a day last year – and more than $2m of it went to DIY artists
Midia Research’s numbers suggest DIY artists took a 4.1% market share, with Universal Music Group on 30%
The post The global recorded music business generated over $50m a day last year – and more than $2m of it went to DIY artists appeared first on Mus…
TikTok parent Bytedance launches Spotify rival Resso in India… without Universal’s catalog
It’s the Spotify rival that impressed ex-Spotify CFO Barry McCarthy so much, he admitted it was packed with “really clever social features”. Resso, the music streaming app owned by TikTok parent Bytedance, has today (March 4) publicly launc…