Kanye West Faces $4.5 Million Lawsuit From Former Accountant

Kanye West faces a $4.5 million lawsuit from a former accountant. Legal documents obtained by The Blast show that business manager and celebrity accountant Thomas St. John filed a lawsuit against Kanye West. St. John alleges that Ye stopped paying a mo…

Deutsche Bank Aktiengesellschaft Drops Price Target on Warner Music Group

Deutsche Bank Aktiengesellschaft drops its price target on Warner Music Group as WMG becomes the subject of several financial entities’ research reports. Warner Music Group’s price objective was decreased by stock analysts at Deutsche Bank …

Kpop Singer, Actor Lee Jihan Among Victims of Seoul’s Halloween Crowd Crush

South Korean actor and singer Lee Jihan was among the victims of a deadly crowd crush event in Seoul over the weekend. At least 154 people died after a huge crowd gathered in Itaewon, Seoul to celebrate Halloween. More than 100 more people were left wi…

RIAA Demands Yout Foot ‘Conservative’ $250,000 Bill for Attorneys’ Fees Following Appeal Notice

One week back, stream-ripper Yout appealed the dismissal of its years-long defamation and DMCA lawsuit against the Recording Industry Association of America. Now, the RIAA is officially demanding that the Hartford-based plaintiff cough up $250,000 in a…

DJ Muggs of Cypress Hill Drops Infringement Case Against Peloton

A lawsuit filed by DJ Muggs of Cypress Hill against Peloton for alleged copyright infringement has been dropped. Here’s the latest.  Lawrence Muggerud (DJ Muggs) submitted the lawsuit to a California federal court via the Soul Assassins, his hip-…

Sir Lucian Grainge on the dilution of the majors’ music on streaming platforms, TikTok’s future and more

Grainge participated in a Q&A on Universal Music Group’s Q3 earnings call last week
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Lucian Grainge On UMG’s Ability to Monetize TikTok and Other New Platforms: ‘I Have Seen This Movie Before, I Know the Ending’

While discussing the monetization potential of relatively new platforms like TikTok, Universal Music head Lucian Grainge indicated that he’s “seen this movie before” and made clear his confidence in UMG’s ability to secure a material portion of t…