Hip-hop duo Run the Jewels’ upcoming fourth studio album, RTJ4, earned more than $1 million in pre-sale revenue in just 48 hours. The impressive revenue benchmark came to light in a recent interview with Run the Jewels members El-P and Killer Mike, as …
Category archives: Music industry
Good News for Sync — California Will Issue Film & TV Filming Guidelines on Monday
California Governor Gavin Newsom says the state will issue guidelines on allowing TV & movie production to re-open. Governor Newsom says the guidelines will start in some counties as soon as next week. The governor revealed the news in a virtual ro…
Big Hit Entertainment Is Now a Majority Owner of Pledis Entertainment
Big Hit Entertainment, the K-pop giant behind internationally popular boy band BTS, has acquired a majority stake in Seoul’s Pledis Entertainment. Pledis, which possesses agreements with South Korean groups Seventeen and After School, as well as solois…
UMG Continues Its African Expansion With ‘Def Jam Africa’
Universal Music Group (UMG) has continued its long-running expansion and investment in Africa by establishing Def Jam Africa. UMG officials announced the high-profile development this morning. Headquartered in Johannesburg, South Africa, and Lagos, Nig…
Warner Music Group Corp. (WMG) Officially Launches Its Wall Street IPO
Warner Music Group (WMG) has officially launched its long-planned initial public offering (IPO), thereby setting the stage for a return to the public market. The Big Three record label broke the IPO news in an official announcement, which was emailed t…
Music industry to nearly double in value by the end of the decade
Analysts at Goldman Sachs said in a research note that live music would be “severely impacted” by the postponement and cancellation of events this year, leading to a 75% drop in revenue. But, over the longer-term, analysts at the bank expected a strong…
Post-Pandemic Music Industry Predictions: The Great Divide Between Embraced And Impacted
Many great articles are being written about how musicians can survive these unprecedented times, from how to host live concerts, learn platforms like Twitch and how fans can support artists, among others.
Forbes
Sales of Instruments and Music Gear Are Soaring. Will Quarantine Spark a Renaissance?
Defying the economic downturn, online business is booming for Apple’s GarageBand music software, as well as Sweetwater, Guitar Center, Reverb, and other retailers.
Rolling Stones
Sales of Instruments and Music Gear Are Soaring. Will Quarantine Spark a Renaissance?
Defying the economic downturn, online business is booming for Apple’s GarageBand music software, as well as Sweetwater, Guitar Center, Reverb, and other retailers.
Rolling Stones
It’s going to be a long road for everybody to start seeing recovery in the live music industry
That’s the multi-billion dollar question on the lips of everyone who works in the business globally, as festivals, agencies and promoters deal with the fallout of losing what could be an entire year’s worth of income as a result of the coronavirus cris…