business
Canadians Are Now Hitting 2 Billion Weekly Audio Streams
Canadian consumers are now streaming more than two billion on-demand audio streams per week — a new benchmark for the country’s music industry. For the third consecutive week, Canada hit the two billion-streams mark in the week ending Nov. 25, according to MRC Data. The total 2.047 billion streams were up 15.9% from the same period last year. Two billion on-demand streams in Canada are worth about 777,500 Canadian dollars ($610,000), according to an estimate by performing rights organization SOCAN provided to Billboard based on a quarterly average earnings of 0.000389 Canadian dollars ($0.000305) per stream. (“Keep in mind this is an average that considers many platforms each with their own variables,” a SOCAN representative stated. “This n...
What the Metaverse Means for Music Creators (Guest Column)
There is a lot of buzz around the concept of a “Metaverse.” The company formerly known as Facebook recently announced its ambition to create a futuristic, immersive social experience, and to achieve this, it will become a new hub for listening to, discovering and interacting with music and music creators. Undoubtedly, music will be as important to the metaverse as it is to the real world. As Mark Zuckerberg recently told The Vergecast, “You might be able to jump into an experience, like a 3D concert or something, from your phone, so you can get elements that are 2D or elements that are 3D. … I think that this is going to be a really big part of the next chapter for the technology industry, and it’s something that we’re very excited about.” Merging social media, gaming, consumerism and othe...
Rosalie Trombley, Canadian Broadcast Legend and Bob Seger Muse, Dies at 82
Canadian broadcast legend Rosalie Trombley, a trailblazer for women in the music industry who was immortalized by Bob Seger in his 1973 single “Rosalie” as “everybody’s favorite little record girl,” died on Nov. 23. She was 82. Seger sang, “she knows music…she’s got the power” in his 1973 song about Trombley, who for nearly two decades served as music director of the influential top 40 station CKLW-AM/The Big 8, situated in the Canadian border city of Windsor across from Detroit. Explore Explore Bob Seger See latest videos, charts and news See latest videos, charts and news “Rosalie was an icon, a trailblazer, and our friend,” Seger posted on Facebook upon learning of her passing. “Through her hard work and incredible instincts, she achieved a rare level of influence and power in music. Wh...
Twitter Co-Founder Jack Dorsey Announces He Is Stepping Down as CEO
Twitter CEO and co-founder Jack Dorsey will step down as the tech company’s chief executive. Parag Agrawal, Twitter’s CTO, will succeed Dorsey as the company’s new CEO, effective immediately. Twitter announced the news Monday, with the company’s board unanimously approving of Agrawal as Dorsey’s replacement. Dorsey will remain on Twitter’s board of directors through his current term, which runs into 2022. Once his term ends, Dorsey told staff in an email (with the subject line “Fly”) that he will leave the company entirely. Current board member Bret Taylor will become the company’s chairman. “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders. My trust in Parag as Twitter’s CEO is deep. His work over the past 10 years ...
Live Nation Among Stocks Down Amid Fears Over New COVID-19 Variant
Stock prices around the globe fell on Friday (Nov. 26) after the World Health Organization warned of a new, fast-spreading COVID-19 variant discovered in South Africa. One of the stocks affected most was Live Nation, which dropped 8.06% on Friday in a shortened day of trading. After rising from $67 a share a year ago to a 52-week high of $127.75 a share in early November, the stock closed at $112.66 Monday, then fell to $103.52 today. The Dow Industrial Average fell 905 points, or 2.5%, marking its largest one-day percentage drop since October 2020. The World Health Organization said on Friday that the new variant — called Omicron — “has a large number of mutations, some of which are concerning.” The organization added, “Preliminary evidence suggests an increased risk of reinfection w...
Executive Turntable: AWAL Restructures Global Team, Trio of WME Agents Move to UTA
AWAL has announced the launch of a newly structured global team that will focus on audience development. London based Aaron Bogucki is moving from his role as vp, marketing to the new position of global head of audience development to spearhead the department. Bogucki will report jointly to Paul Trueman, general manager, U.K. & international and president, North America Ron Cerrito. AWAL’s new audience development team will specialize in identifying, targeting and engaging artists’ audiences as well as developing and executing digital-focused strategies and fan-focused marketing initiatives. The team will work with AWAL’s frontline marketing, creative and catalog teams. Bogucki said, “Having been a part of AWAL’s incredible growth and success over the past four years, I can confidently...
The Deals: Anderson .Paak Signs with PPL for Neighboring Rights, Víctor Cárdenas Pacts with WCM
Anderson .Paak, the rapper, singer, producer and drummer who recently released the album An Evening With Silk Sonic alongside Bruno Mars, has signed with music licensing company PPL for the administration of his international neighboring rights collections. The deal will help .Paak collect performance royalties for the use of his sound recordings around the world. He joins a roster that includes George Ezra, Rita Ora and ABBA’s Björn Ulvaeus. .Paak established himself as a prominent artist before forming Silk Sonic with Mars earlier in 2021. The duo’s first collaboration, “Leave The Door Open,” resulted in .Paak’s first No. 1 hit on the Billboard Hot 100, where it spent 18 consecutive weeks in the top 10. PPL CEO Peter Leathem said of the signing, “We are extremely pleased that Anderson .P...
UK Proposes Law Demanding Record Labels Pay Artists More for Streams
LONDON – The U.K. government has proposed a law requiring record companies to pay musicians and songwriters a bigger cut of revenue from music streams on platforms like Spotify and Apple Music, a move that would bring streaming closer in line with radio and television broadcasts in the country. The Copyright (Rights and Remuneration of Musicians) Bill was published Wednesday (Nov. 24) and will be presented to Parliament on Dec. 3. The Bill would obligate record companies to pay performers ‘equitable remuneration’ when music is streamed. A similar statutory right already exists in the U.K. for TV and radio broadcasts, where performers receive 50% of the revenues distributed by the collecting society PPL, with the rest going to record labels and publishers. If a version of equitable remunera...
Inside Liberty Media’s Investor Meeting, Where Comedy Bits Mingled With Hard Data
Liberty Media’s annual investor meeting represents an opportunity for Chairman of the Board and legendary investor John Malone to present a ‘State of the Union’ on a portfolio that now includes roughly one-third of Live Nation, 80% satellite radio giant SiriusXM and more e-commerce, communications and entertainment companies. And along with the requisite financial information and optimistic portrayals of its portfolio companies’ futures, this year’s edition, held Nov. 18, also showcased the company’s sense of humor. Held at the Times Center, a block away from Times Square, in Manhattan, this year’s event drew a few hundred investors and analysts – fewer than usual, according to one attendee, possibly because “a lot of investors moved to Miami.” Outside the theater, atte...
Republic Records Names Wendy Goldstein, Jim Roppo Co-Presidents
Jim Roppo and Wendy Goldstein have been named co-presidents of Republic Records, the label announced today (Nov. 24). The two long-serving executives were named to their posts by label co-founders Monte and Avery Lipman. “Wendy and Roppo together are the ultimate dynamic duo,” chairman/CEO Monte Lipman said in a statement. “Their leadership spearheading groundbreaking releases and historic campaigns has captured the imagination of our industry while making a tremendous impact on popular culture. I’m thrilled to make this announcement as we embark on the next chapter of Republic Records.” Added Avery Lipman, “We can always rely on Roppo and Wendy to not only exceed expectations, but shatter them entirely. They’ve been integral to our success up to this point and will be even more crucial to...
Judge Seeks Cardi B’s Medical Records in STD Defamation Lawsuit
With a trial looming in Cardi B’s defamation lawsuit against a vlogger who the superstar has accused of spreading false rumors that she has herpes, a federal judge has cleared the way for a California hospital to turn over STD tests conducted on the rapper. Explore Explore Cardi B See latest videos, charts and news See latest videos, charts and news In an order issued Monday, Judge William M. Ray II directed the Center for Women’s Pelvic Health at UCLA to produce “any and all medical records within your possession related solely to the testing for Herpes and HPV for Belcalis Marlenis Almanzar,” referring to Cardi B by her birth name. Monday’s order came in a bitter libel lawsuit filed by Cardi B against a blogger named Latasha Kebe. The case accuses Kebe of waging “a malicious campaign” to...
BTS Brings Year’s Biggest Show Yet to L.A.’s Newest Venue SoFi Stadium
After a two-year absence, Global superstars BTS are returning to Southern California with a triple-play appearance at three venues in Inglewood for their Permission to Dance tour beginning this weekend. Jin, Suga, J-Hope, RM, Jimin, V, and Jungkook are opening their first of four concerts Saturday, Nov. 28 at SoFi Stadium (next shows are Nov. 29, Dec. 1-2), accompanied by special live broadcasts of the concerts each night from the YouTube Theater. Then On Dec. 3., the group will cap off their historic run with an appearance at the iHeartRadio Jingle Ball at the Forum. Explore Explore BTS See latest videos, charts and news See latest videos, charts and news The multi-show, multi-venue run is a first for Inglewood and SoFi Stadium at Hollywood Park, the new home of Stan Kroenke’s Los Angeles...
