business
After IPO, Endeavor President Plans ‘Thoughtful’ Acquisitions, ‘Long-Term’ China Bet
Shapiro spoke to THR from the New York Stock Exchange, where just a few hours earlier he rang the opening bell alongside Endeavor CEO Ari Emanuel, executive chairman Patrick Whitesell, UFC chief Dana White and other top Endeavor executives. Shares in the company initially popped by about 10% over the $24 per share IPO price, before settling just above its IPO price. The company has grown over time in large part from acquisitions, spanning sports, entertainment, marketing and events. Shapiro says that will continue now that it is publicly traded. “We are going to continue to be thoughtful but also aggressive when we see acquisition opportunities that enable our growth to accelerate,” Shapiro says, noting that the company has made 20 acquisitions over the past 5 years. “In any respective are...
Altafonte Appoints Ricardo Chamberlain to Global Marketing Senior VP
Ricardo Chamberlain has been appointed Altafonte’s global marketing senior vice president, Billboard has learned. As global marketing svp, Chamberlain will be tasked with developing strategic initiatives and opportunities for Altafonte’s artists, including planning, direction, and coordination of multi-territorial marketing campaigns. He will work closely with the directors and teams of each territory. “Ricardo’s passion for music and his creator and tech spirit together with his deep experience in the music industry are an unbeatable combination to make Altafonte the most innovative independent music company on the market,” said Inma Grass CCO and partner in a statement, coining Chamberlain a “wonderful person and a great professional.” You Deserv...
CSCS reiterates commitment to deepening capital market
The Central Securities Clearing System (CSCS) has restatement its commitment in repositioning business to efficiently play a more active and leading role in deepening the Nigerian capital market growth. Also, CSCS grew its profit after tax by 41.4 per cent for the year ended December 31, 2020. The company results showed that amidst unprecedented economic and financial market conditions occasioned by the COVID-19 pandemic, the Group grew total income by 31.3 per cent year-on-year (YoY) to N12.09 billion. Profit after tax grew by 41.4 per cent to N6.93 billion, translating to N1.39 earnings per share. The group delivered 20.3 per cent return on average equity for the 2020 financial year, compared to 15.3 per cent in 2019 full year. The company’s total assets stood at N41.42 billion, as again...
The Players Behind Gabby Barrett’s ‘The Good Ones’: See the Full Credits
Explore the team of musicians, producers and more behind the track with recording credits provided by Jaxsta below. Artists:Main Artist – Gabby Barrett Songwriters:Composer Lyricist – Emily LandisComposer Lyricist – Gabby BarrettComposer Lyricist – Jim McCormickComposer Lyricist – Zachary Kale Producers:Producer – Ross CoppermanProducer – Zach Kale Production Team:Assistant Production – Scott JohnsonProgrammer – Zach Kale Engineers:Digital Editor – Daniel RossDigital Editor – Ross CoppermanDigital Editor – Trey KellerDigital Editor – Zach KaleMasterer – Daniel BacigalupiMixer – Buckley MillerRecorded by – Ross CoppermanRecorded by – Zach Kale Performers: Acoustic Guitar R...
Spotify Stock Drops Over 12% on Softened Listener Forecast
That adjustment followed Spotify’s reported first-quarter monthly active users (MAU) of 356 million, falling on the bottom end of earlier guidance. There was good news too, though. First-quarter subscriptions were at the high end of guidance, and Spotify did not revise its 2021 guidance for subscribers (172 million to 184 million), suggesting it expects the dip to come from “freemium” listeners. Average revenue per month on those free listeners is 0.35 euros ($0.42), compared to subscribers’ 4.07 euros ($4.94) per month. (Subscribers account for about 90% of the company’s total revenue.) That MAU adjustment could have a larger financial impact in the future, as Spotify uses its freemium business model to acquire new subscribers. So, fewer free listeners this year means there will be fewer ...
Lee Brice’s ‘One of Them Girls’ Named Song of the Year by Nashville Independent Music Publishers
The AIMP event featured live performances by McBryde, Pearce, HARDY, Jon Pardi, Maddie & Tae, and Tennille Arts & Adam Hambrick and video performances by Brice and Ryan Hurd. But the producers deliberately changed things up to make it more interesting. Hurd performed Brice’s “One of Them Girls.” Brice performed HARDY’s “Give Heaven Some Hell.” HARDY performed Jameson Rodgers’ “Some Girls.” “Last night was a reaffirmation of the Nashville independent music community and the powerful work they have done to get us through this past year,” said Ree Guyer, vice president of the AIMP Nashville chapter and co-chair of the AIMP Nashville awards. “As we approach the end of the COVID-19 pandemic, we are excited about the return of in-person songwriting sessions, writers’ rounds, and live per...
AGI’s Jarred Arfa Promoted to Chief Operating Officer
Jarred Arfa has been named chief operating officer of Artist Group International. Arfa, whose previous title was general manager/evp, will oversee all aspects of the business, including legal, finance, corporate reporting, business development, human resources, artists tour contracts, VIP ticketing deals, sponsorship and more. AGI is led by chairman Dennis Arfa and is a leading live entertainment agency that books an expansive roster of musicians worldwide. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue...
NCDMB sets up $20 million loan support for women in business
The Nigerian Content Development and Monitoring Board (NCDMB) has announced the setting up of a $20million loan scheme to support women in business especially in the oil and gas sector. Executive Secretary of the Board, Engr. Simbi Wabote, stated this at a virtual roundtable by the Diversity Sectoral Working Group (SWG) of the Nigerian Content Consultative Forum (NCCF). In his remarks, Wabote stated that the mandate of the Board has always been the need to promote local content in every sphere of the oil and gas sector. Quoting Section 57 of the NCDMB Act, he said the role of the Nigerian Content Consultative Forum is to provide a platform for information sharing and support in order to chart way for local content development in Nigeria. According to Wabote, “The basic aim of the NCCF is t...
Downtown Lays Off Nashville Employees Following Concord Publishing Sale
Downtown declined to say how many employees were let go, though sources say it was the creative staffers involved in working with publishing the catalog sold to Concord. Downtown’s statement goes on to add that the company has ended the lease on its Nashville office and is exploring “our options to support the needs of our ongoing business. We continue to employ Nashville-based executives at Downtown Music Services, Songtrust, and Songspace.” Downtown only sold the portion of its publishing catalog that it had an ownership stake in and not the songs and catalogs where it serves as administrator, including those of John Lennon and Yoko Ono, Miles Davis, John Prine, the Wu-Tang Clan and others. The company will now focus on being a multi-faceted service organization for...
US Senators urge Joe Biden to impose more sanctions on Myanmar junta
A bipartisan group of U.S. senators on Tuesday urged the Biden administration to slap more sanctions on the military junta in Myanmar, including choking revenues to a state energy company, in response to its coup and violent crackdown on protesters. Senators Jeff Merkley, a Democrat, and Marco Rubio, a Republican, and four others urged Secretary of State Antony Blinken and Treasury Secretary Janet Yellen in a letter to “explore new avenues to support the people of Burma in their ongoing struggle for democracy in the face of escalating crimes against humanity.” They want the Biden administration to stop royalties flowing from businesses including U.S. energy major Chevron to Myanmar Oil and Gas Enterprise, or MOGE, an agency within the energy ministry, that provides financial support to mil...
Chinese Pop Music Superstar JJ Lin Signs With UTA
He launched his career with his debut album Music Voyager, which earned him the best new artist trophy at the Golden Melody Awards. Lin’s earlier hit singles include “River South,” “Cao Cao,” “If Only” and “Twilight,” while he also lent his voice to the Mandarin version of Luis Fonsi’s international hit single “Despacito.” Lin has collaborated with Hans Zimmer, Jason Mraz, Ayumi Hamasaki, Steve Aoki and Jackson Wang, among others. And he has completed four world tours and more than 130 shows, with 66 shows from his recent Sanctuary World Tour selling out within 10 minutes of tickets being released . He was named as one of Forbes Asia’s 100 Digital Stars and did guest appearances on China’s The Voice. In gaming, Lin launched Team Still Moving under Gunfire (Team SMG), a professi...
Earth, Wind & Fire, Ludacris & More to Be Honored at 2nd ‘Saluting Our Culture’ Virtual Event
On June 6, Café Mocha Radio will stream their 2021 Salute THEM Awards show. The ceremony will honor individuals selected by Café Mocha in the areas of music, television, film, fashion and dance. The honorees are Sly Stone, June Ambrose, Jamal Josef, Earth, Wind & Fire, Bille Woodruff, Dr. Bobby Jones, Patrice Rushen, Ludacris and Darlene Love. The Salute THEM Awards will be co-hosted by Yo-Yo, Café Mocha Radio host and Grammy-nominated rapper, and Broadway actor Saint Aubyn (Ain’t Too Proud). It will stream from the new National Museum of African American Music (NMAAM) in Nashville, taking attendees on a historical journey of Black music curated by the museum. In celebration of Black Music Month, the event will be the second show in Café Mocha’s “Saluting Ou...
