Much-anticipated music festivals and multi-thousand guest conferences aren’t the only events that’re being postponed because of the coronavirus (COVID-19) pandemic. Record Store Day, an annual outing that’s enjoyed at independent record stores across t…
Category archives: Feature Story
Live Nation, AEG, Major Touring Agencies Form Coronavirus Response Coalition
Live Nation and AEG Presents, two of today’s foremost concert and music festival promoters, have partnered with leading talent agencies to address the coronavirus (COVID-19) pandemic. Representatives from the Creative Artists Agency (CAA), Paradigm Tal…
As Stock Slides, Live Nation CEO Buys $1 Million of Shares
Live Nation’s president and CEO, Michael Rapino, as well as several Live Nation executives, have bought up a substantial number of shares in response to their company’s coronavirus-fueled price drop. According to SEC filings shared with Digital Music N…
Apple Music Re-Ups With Big Three Labels, Misses Out on Bundling Options
Apple Music has signed new contracts with the Big Three record labels, but the deals’ terms appear to be less-than-satisfactory for the streaming service. Specifically, Apple Music’s new contracts with Universal Music, Warner Music, and Sony Music, don…
Live Nation Stock Keeps Plunging — $8.3 Billion Lost In 30 Days
Shares of Live Nation continued nosediving on Thursday, with coronavirus complications causing a valuation loss of more than $8.3 billion. The plunge is part of a very bad week on Wall Street, based on continued fallout from the worldwide coronavirus p…
Cardi B Can’t Seem to Shake That $5 Million ‘Tattoo’ Lawsuit
The $5 million “tattoo” lawsuit against Cardi B is raging onward. And if the most recent court filing is any indication, the dispute is far from being resolved. Kevin Brophy Jr., who claims that he worked in the entertainment industry befor…
MUSEXPO 2020 Creative Summit Postponed — Here Are the Details
MUSEXPO 2020 Creative Summit has been indefinitely postponed following the World Health Organization’s pandemic declaration and broader travel bans. As a result of the World Health Organization’s officially declaring the coronavirus (COVID-…
Cardi B Warned by Federal Trade Commission Over Instagram Post
The Federal Trade Commission (FTC) has issued official warnings to multiple celebrities and social media influencers — including rapper Cardi B — over disclosure violations. The rapper touted detox tea company Teami on Instagram without meeting FTC spo…
Spotify CEO Instructs Stockholm Employees to Work from Home Amid Coronavirus Pandemic
>The ongoing coronavirus (COVID-19) >pandemic> has prompted multiple music industry companies, including the Big Three labels and BMI, to advise their employees against unnecessary travel. Now, Spotify has taken its preventative measures a …
Live Nation Stock Goes Into a Nosedive — $1.8 Billion Lost In One Day
Shares of Live Nation (LYV) took a nosedive on Wednesday as global coronavirus fears cripple concert touring and attendance. Just ten days ago, Live Nation CEO Michael Rapino downplayed coronavirus concerns, while pointing to a temporary disruption. &#…