business
BMG Posts Solid First Half of 2020, With Revenue Jumping 4.8% and Streaming Up 26%
Despite the COVID-19 pandemic, the company says it just had its best first half since launching in 2008. The pandemic-causing economic downturn didn’t slow down BMG as the music company posted a 4.8% increase in revenue to €282 million euros ($310.8 million) at the mid-year point ended June 30, up from €269 million ($303.9 million) in the year-earlier period. The music operation of German conglomerate Bertelsmann also managed to hold its own in terms of profit, posting €49 million in earnings before interest, taxes, depreciation and amortization, the same amount it had in the first half of 2019. But with profit levels holding steady while revenue grew, that resulted in EBITDA margin falling to 17.3% from 18.1% in the prior half year results. The results represent the company’s “...
Look, Up In the Sky: Amazon Gets Approval to Deliver Packages by Drone
Getting an Amazon package delivered from the sky is closer to becoming a reality. The Federal Aviation Administration said Monday (Aug. 31) it had granted Amazon approval to deliver packages by drones. Amazon said that the approval is an “important step,” but added that it is still testing and flying the drones. It did not say when it expected drones to make deliveries to shoppers. The online shopping giant has been working on drone delivery for years, but it has been slowed by regulatory hurdles. Back in December 2013, Amazon CEO and founder Jeff Bezos said in a TV interview that drones would be flying to customer’s homes within five years. Last year, Amazon unveiled self-piloting drones that are fully electric, can carry 5 pounds of goods and are designed to deliver items in 30 minutes b...
Johnny Depp Seeks Defamation Trial Delay
The novel coronavirus pandemic has shifted release calendars and postponed productions in Hollywood and abroad — and the delay of the latest installment of the Fantastic Beasts franchise has created an “irreconcilable conflict” for Johnny Depp. Filming is now expected to extend into early 2021, overlapping with the trial in his defamation suit against Amber Heard. The actor in March 2019 sued his ex-wife for defamation over an op-ed she wrote for the Washington Post titled “I spoke up against sexual violence — and faced our culture’s wrath. That has to change.” Depp isn’t mentioned by name, but in Virginia (where he’s suing and the Post has its printing presses) plaintiffs can pursue claims for defamation by inference, implication or insinuation. O...
Building A Better Livestream: Crucial Lessons From Artists Who’ve Figured It Out
Practical advice from the players behind virtual concerts by Kane Brown, Dropkick Murphys, H.E.R. and Lissie. The first time singer-songwriter Lissie tried a livestream, in late March, she was at her then-boyfriend’s house in northern Virginia, and she had just managed to thank those in attendance — two dogs in the kitchen — before the camera fell to the floor. “This is so professional!” she declared. But over the months, both her equipment and her savvy became increasingly sophisticated, with the response to her ticketed streams strong enough to cover personal costs and make a charitable donation each time. (She also broadcast her rehearsals for fans who couldn’t afford a ticket.) On Aug. 2, she performed with a band and a dozen sound and lighting crew members at an empty Parkway The...
What’s a Livestream Worth?
How much is that concert in the computer window? Six months into the pandemic, here’s how artists are experimenting with pricing to see what consumers will pay. In April, Dutch DJ Oliver Heldens cruised the canals of Amsterdam in an open-air boat outfitted with turntables, blasting a set of future house music that was streamed on YouTube. The spectacle cost between $5,000 and $10,000 to produce, but Heldens made it free for viewers. He thought of it as a marketing expense to stay in fans’ minds as coronavirus lockdowns became the norm around the world, his manager, Dave Frank, tells Billboard. In the five months since, livestreamed concerts are slowly becoming a source of revenue, as well as promotion. These days, Frank, of management firm Milk & Honey, gets several livestream offers a...
Choosing A Livestream Platform: A Guide For Artists And Managers
The New Livestreaming Landscape Here’s how the leading livestream platforms stack up on revenue split, merch integration and more key variables for artists. When the coronavirus shut down the live industry, artists had no choice but to cancel or postpone their tours. Now they face an overwhelming range of choices as dozens of livestream platforms compete to be the next big virtual stage. Many of these livestream companies launched amid the pandemic, while new services are debuting on an almost weekly basis. They have much in common and are sometimes difficult to tell apart, but employ a variety of business models — including pay-per-view ticketing, sponsorship and virtual tipping. To help artists make an educated decision about which platform to use to reach their fans — or collect new one...
If You Stream It, Will They Come? Inside The Livestream Boom
Sessions founder Tim Westergren estimates the market for virtual concerts is worth $1 billion with the potential to grow to “tens of billions” in just a few years, but can that rate of expansion continue when actual live shows resume? At a 2007 Los Angeles music industry function, Ray Smith was pitching his new company, BE-AT.TV, to a high-ranking Live Nation executive. The business was focused on livestreaming electronic music festivals like Tomorrowland and Ultra Music Festival, and Smith says the executive’s reaction was not as he had hoped: “He was like, ‘Who the hell is going to sit at home and watch a bunch of kids partying on a laptop?'” Thirteen years and a global pandemic later, millions of music fans worldwide are doing just that, and Smith’s newly rebranded BeA...
The Killers Rule Australia’s Albums Chart With ‘Imploding The Mirage’
The Killers are kings of the Australian albums chart as Imploding The Mirage (Island/Universal) debuts at No. 1, while Cardi B, Megan Thee Stallion and BTS flex up on the national singles chart. With Mirage, the Las Vegas alternative rock outfit earn a third No. 1 on the ARIA chart and an eighth Top 10 album in Australia. It’s the followup to their 2017, chart-topping set Wonderful Wonderful. Mirage also blasts to No. 1 in the U.K. with 50,000 first-week chart sales. Aussie pop artist Troye Sivan returns with his In A Dream EP (via EMI), new at No. 3. The six-track set is Sivan’s first title to hit the ARIA Albums Chart since his sophomore album Bloom, which peaked at No. 3 in September 2018. Also new to the Top 10 this week is Cannot Buy My Soul: The Songs Of Kev Carmody (EMI),...
Cardi B and Megan Thee Stallion’s ‘WAP’ Takes Slim Lead In U.K. Chart Race
It’s early days, but the U.K. chart race is shaping as a classic. Cardi B and Megan Thee Stallion’s “WAP” (Atlantic) is fast out the gate. The hip-hop track takes top spot on the Official Chart: First Look, which gauges the hottest hits following the weekend’s sales and streaming activity. Cardi and Megan won’t be popping the champagne corks just yet. Their tune is just 80 chart sales ahead of Joel Corry and MNEK’s “Head & Heart” (Asylum/Perfect Havoc), which has ruled the weekly chart for six cycles. “WAP” bowed at No. 4 earlier this month, logged two weeks at No. 2 but has never hit the summit. In other chart news, U.S. rapper and singer 24kGoldn is poised for his first U.K. Top 10 single with “Mood” (Black Butter) featuring Iann Dior. Powered by viral videos on TikTok, it’s up...
US Music Venues Will Light Up Red on Sept. 1 to Demand Passage of The Restart Act
Music venues across the U.S. will bathe their facilities in red light on Tuesday evening to encourage Congress to pass the Restart Act, which would provide much-needed assistance for millions of Americans who have lost income due to the pandemic. Spearheaded by the #WeMakeEvents coalition, the #RedAlertRESTART campaign seeks to bring awareness to the dire situation live music faces if Capitol Hill does not supply support for venues that have been shuttered since mid-March in order to slow the spread of COVID-19. From 9 p.m. to 12 a.m. PST on Tuesday night, music venues nationwide will be lit red to highlight that the live events industry is on red alert for its survival. The campaign is also coming out in support of ExtendPUA.org, which is lobbying for the continuation ...
The 13 Best Things That Happened in Music This Week (August 28)
If you’re just waking up on this glorious Friday, you’re about to discover what much of Twitter already knows: Selena Gomez and Blackpink’s epic new collaboration “Ice Cream” has arrived. We know what we’ll be doing for the next few days: “Ice cream chillin’, chillin’, ice cream chillin’!” Plus, we’re heading into VMAs weekend, and you can brush up on your music video history ahead of the big night by checking out our list of the 100 greatest music video artists of all time. Take a look at all of that — and more of the week’s biggest music happenings — below. Taylor Swift’s Folklore ruled for a fourth week Swift’s latest set topped the Billboard 200 chart once again, with 101,000 equivalent album units earned in the U.S. in the week ending Aug. 20. Billboard’s...
Like Betty White and Fine Wine, SiriusXM Host Jeannie Seely Gets Better With Age
Were COVID-19 not in the way, Jeannie Seely would have held court at the SOURCE Awards on Aug. 25, co-hosting an event that celebrates the women who are instrumental in the growth of Nashville’s music business. Seely would’ve swapped jokes and one-liners with Brenda Lee about height and aging, likely with a little sexual innuendo thrown in to keep the crowd laughing, handling the spotlight at age 80 as well as she ever has in over 50 years as a Music City artist. Seely has been a Grand Ole Opry member since 1967, the same year that she won a Grammy for her signature song, “Don’t Touch Me.” But her comfort and command of the stage have her living out her golden years as a veritable golden girl, country’s version of Betty White. “IR...
