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Drake, Shania Twain & More Petition to Change Canadian Copyright Law
The letter dated June 2 notes that early in their careers, artists and songwriters are often pressured into signing away some of their rights, “thus denying creators, their families and their children the opportunity to reap fair rewards from their creative works later in life.” It also notes that in the U.S., copyright law has been revised to let creators terminate and re-claim rights after 35 years from the date of transfer — a provision known as the right of reversion — while the EU is presently considering rules to ensure similar fairness. “We believe Canada should follow the EU and USA examples to ensure fair protection of Canadian creators,” the letter reads. “Rights reversion is a simple and essential tool which enhances creators ability to ...
Who Is Bill Ackman, UMG’s New Anchor Investor?
PSTH is sponsored by three investment funds managed by Pershing Square Capital Management, the storied New York-based hedge fund. PSTH has $5 billion available to invest in UMG through a $4 billion IPO on Sept. 11, 2020, on the New York Stock Exchange, at $20 a share and an additional $1 billion investment by Pershing Square. In addition, Pershing Square purchased $1 billion of units, each worth one share of Class A common stock and one-third of a redeemable warrant, at $20 per unit. It can buy an addition $2 billion of units in private placements. The PSTH-UMG deal would be unusual because SPACs typically target companies that want to go public. The SPAC, nothing more than shell company, acquires the target in what’s called a reverse merger, thereby al...
This Social Audio App Is Driving Millions of Streams With Unofficial Listening Parties
So when 400,000 total BTS fans joined a May 25 “Butter” streaming party on Stationhead hosted by user @BTSCHARTDATA, Stationhead says they drove 5.4 million streams of the song during the session. Then, they did it again — and again — with marathon streaming parties all week from users like @lifeofbts and @purplehourradio. “Butter” topped the chart due to a number of factors including 18.1 million radio airplay audience impressions and 242,800 download sales in the tracking week, according to MRC data, and the streaming figure provided by Stationhead wasn’t U.S.-specific or audited by the streaming services. Still, the Stationhead parties no doubt contributed to the 32.2 million ...
Jam Bands Lead a Concerts Revival, Aided By Livestream Boom
Jam bands have quietly become the surprise earners of the pandemic thanks to devoted fans and compelling livestreams, and are now poised to dominate touring as live concerts return. Unlike most pop and contemporary touring shows, jam and improvisation-heavy bands are constantly changing their sets and musical arrangements so that no two shows are the same, attracting fans willing to pay to see the same band play multiple sets of different material. Ticket sales for these kinds of acts have been exceptionally strong, says Don Strasburg, vp/senior talent buyer for AEG Live Rocky Mountains, though he’s hesitant to use the “jam” label, considering the genre’s diversity of styles from bluegrass to funk. Such acts that value “spontaneity and improvisation,” says Strasburg, “were already the larg...
Scooter Braun Hit With Fraud Lawsuit Over Scuttled Private Equity Fund
But in April 2018, according to Comisar, Braun repudiated financial commitments and stopped funding everything including Comisar’s salary. “Bolno, completely unrepentant, explained to Comisar that Braun never really believed he would have to perform and, brazenly, told him that ‘people in the entertainment industry do not honor their contractual agreements,'” states the complaint. “Bolno made clear that he and Braun believed that Braun was free to renege on his commitments with impunity and without consequences and would wreak havoc upon Comisar if he chose to pursue Braun on his commitments.” Comisar says he was threatened with a smear campaign that included falsely being fired from Goldman Sachs, dereliction of duties by devoting time to advisory servi...
The Players Behind BTS’ ‘Butter’: See the Full Credits
Artists:Main Artist – BTS Songwriters:Composer Lyricist – Alex BilowitzComposer Lyricist – Jenna AndrewsComposer Lyricist – RMComposer Lyricist – Rob GrimaldiComposer Lyricist – Ron PerryComposer Lyricist – Sebastian GarciaComposer Lyricist – Stephen KirkVocal Arranger – Jenna AndrewsVocal Arranger – Rob GrimaldiVocal Arranger – Stephen Kirk Producers:Producer – Rob GrimaldiProducer – Ron PerryProducer – Stephen Kirk Engineers:Engineer – Juan “Saucy” PenaEngineer – Keith ParryMastering Engineer – Chris GehringerMixer – Serban Ghenea Labels:Distributor – The Orchard EnterprisesLabel – BIGHIT MUSIC/HYBE Explore the full “Butter” credits on Jaxsta her...
Atlantic Records Exec VP Juliette Jones Leaving Label
Jones joined the label in 2012 after moving from Warner Bros. Records to Atlantic as senior vp urban promotion; she was upped to executive vp the following year. During her tenure, she was the dynamo behind radio hits for Cardi B, Bruno Mars, Gucci Mane, Kodak Black and Lil Uzi Vert, among others, making a name herself as one of the rare upper-level female promotion executives — let alone a woman of color — to work at a major label. Prior to joining Warner, Jones served in roles at Virgin, J/RCA and Jive Records, where she was hired as the label’s first mid-Atlantic regional promotion director for urban music in 1994. You can read Jones’ full memo below. In alignment with my personal goals, I’ve decided that now is the time for me to move forward into the next exciting chapter ...
UK Festival Season Facing ‘Make Or Break Moment’
“The vast majority of music festivals do not have the financial resilience to cover the costs of another year of late-notice cancellations,” said committee chair Julian Knight in announcing the inquiry’s findings. “If the commercial insurance market won’t step in, Ministers must, and urgently.” Similar government-backed insurance schemes exist in the Netherlands, Belgium, Austria and Denmark, and, after months of delays, were recently finalized in Germany. They provide a much-needed safety net for promoters committing non-recoupable upfront costs for future events amid the uncertainty of a pandemic. The committee’s inquiry into the future of U.K. music festivals began on Nov. 6, with Massive Attack’s Robert Del Naja, Paul Reed, chief executive at the Association of Independent Festivals, a...
The Players Behind Olivia Rodrigo’s ‘Good 4 U’: See the Full Credits
Artists:Main Artist – Olivia Rodrigo Songwriters:Composer Lyricist – Daniel NigroComposer Lyricist – Olivia Rodrigo Producers:Producer – Alexander 23Producer – Daniel Nigro Production Team:Drum Programming – Alexander 23Drum Programming – Daniel Nigro Engineers:Asst. Recording Engineer – Ryan LinvillMastering Engineer – Randy MerrillMixer – Mitch McCarthyRecording Engineer – Daniel Nigro Performers:Acoustic Guitar – Daniel NigroBackground Vocalist – Alexander 23Background Vocalist – Daniel NigroBass – Alexander 23Bass – Daniel NigroElectric Guitar – Alexander 23Electric Guitar – Daniel NigroSynthesizer – Daniel Nigro Labels:Distributor – Universal Music GroupLabel –...
NetEase’s Cloud Music Streaming Service Files to Go Public in Hong Kong
The timing of the proposal comes at a significant juncture for NetEase, which is expecting its music streaming service to “undergo relatively rapid business expansion” moving forward. Earlier this month, NetEase signed a first-ever digital distribution deal with Sony Music, following a similar deal with Universal Music, expanding its catalog significantly at a time when Tencent, its biggest rival, is facing regulatory scrutiny in China over its market dominance and exclusive deals with artists and labels. Reports suggest that regulators could force TME to offload two of its music streaming services and pay a hefty fine. Tencent’s music services claimed 615 million active users in the first quarter of 2021 and 61 million paying users, according to its financial filings. The NetE...
Doja Cat, John Legend Join Eco-Friendly Music NFT Marketplace OneOf
Most NFT marketplaces operate on the Ethereum blockchain, which runs on a “proof-of-work” model. In this model, computer “miners” race to validate transactions to be added to the blockchain, and earn cryptocurrency as a reward. Although the system is meant to discourage tampering with the blockchain, it sucks up an enormous amount of energy in the process. The exact amount is widely disputed and difficult to quantify, but Digiconomist estimates that the Ethereum network has nearly the same annual carbon footprint as the country of Jordan. By contrast, OneOf is built on the Tezos blockchain protocol, which uses a “proof-of-stake” model. Long hailed as a potential solution to these environmental problems, proof-of-stake means that miners lock up some ...
SoundCloud Inks First-Ever A&R Partnerships With T-Pain’s Label, Linda Perry & More
Repost and Nappy Boy Entertainment will first support signee SprngBrk, an artist and producer who has collaborated with the likes of Ty Dolla $ign and Drake and is releasing the new track “Pride” today. Repost will work alongside Perry — who has written and produced hits for artists like P!nk, Christina Aguilera and Gwen Stefani — on the British singer-songwriter Frances Lion, who is signed to Perry’s record label, publishing, management and production firm We Are Hear. “I’m always ready to jump on board when I see a company supporting the independence of an artist, and when I heard of the changes SoundCloud wanted to make to support emerging talent, I immediately said ‘count me in,'” Perry said. “We will be focusing on the art and the ...
