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TikTok Sale: ByteDance Partners With Oracle
ByteDance has selected Oracle as its partner for a deal to keep TikTok operating in the U.S., a source familiar with the talks confirms to The Hollywood Reporter. The decision comes as ByteDance has rejected a bid by Microsoft that earlier this summer was seen as the likely option for the company as it looked to avoid a shutdown of the popular social media app amid increased tensions between the U.S. and China. Microsoft confirmed that its bid had been rejected in a statement on its corporate blog on Sunday night. “We are confident our proposal would have been good for TikTok’s users, while protecting national security interests,” the company wrote. “To do this, we would have made significant changes to ensure the service met the highest standards for security, priv...
Executive Turntable: WMG Names Head of Investor Relations, FUGA Makes Key Leadership Hires
Warner Music Group has hired Kareem Chin as senior vp head of investor relations effective immediately. Chin arrives at WMG from iHeartMedia, where he served in the same role. Chin, whose appointment follows WMG’s recent IPO, will lead the company’s investor relations efforts and work closely with the company’s finance and corporate communications teams. He will also oversee key events, including quarterly earnings calls and attendance at investor conferences. At iHeartMedia, which he joined as it was emerging from bankruptcy, Chin developed and built out the company’s investor relations function as it explored listing options and later made its debut on the Nasdaq exchange. Prior to that, he was vp investor relations at Viacom, a role that followed over a decade in investment banking. Mus...
U.S. Recorded Music Business Still Growing (A Bit) Amid Pandemic: RIAA 2020 Mid-Year Report
The good news: The U.S. recorded-music business was still in an upswing in the first half of 2020, growing 5.6% at retail to $5.7 billion, up from $5.4 billion, continuing a trend of growth that extends back to the industry’s nadir in 2015. The less-good news: That growth, like most everything else in the music business and beyond so far this year, took a pandemic-related hit, ending a short streak of double-digit gains after a 17% boost at mid-year 2017, 10% at mid-year 2018 and 18% at mid-year 2019. Of course, percentage-based growth, by its nature, is always increasingly-difficult to improve upon, and once-in-a-generation pandemics were never going to help keep that streak alive. And within that context there’s still plenty of good news for the industry in its continued recovery amid th...
Netflix and Chills Halloween Schedule: The Haunting of Bly Manor, Adam Sandler, Unsolved Mysteries, and More
Netflix is getting into the spooky business. Today, the streaming giant announced their Fall programming, which they’ve aptly dubbed Netflix and Chills. This includes new movies, shows, and all kinds of tricks and treats for the living room. Among the many highlights is Mike Flanagan’s new miniseries The Haunting of Bly Manor, Adam Sandler’s kooky new comedy Hubie Halloween, Ben Wheatley’s reimagining of Rebecca, and a second volume of Unsolved Mysteries. That’s all without mentioning Ryan Murphy’s creepy Cuckoo’s Nest prequel series Ratched, Rachel Talalay’s A Babysitter’s Guide to Monster Hunting, and a number of children’s programming like The Worst Witch and A Go! Go! Cory Carson Halloween. Peruse the full calendar below and stay tuned for more things to go bump in your night. Let’s no...
SiriusXM Boosts 2020 Subscriber Forecast on ‘Strong’ Demand
Audio entertainment giant SiriusXM has raised its 2020 subscriber forecast ahead of an appearance by CEO Jim Meyer at a virtual investor conference on Wednesday. SiriusXM now expects full-year self-pay subscriber net additions of approximately 700,000, up from 500,000. The company reiterated its financial guidance for the year. “Our business continues to demonstrate strong performance and favorable trends since we resumed providing our subscriber and financial guidance in conjunction with our second- quarter earnings report” following the initial hit from the novel coronavirus pandemic, Meyer said in a statement. “It’s clear that demand for SiriusXM remains strong – quite simply, consumers continue to find immense value in our unique audio bundle and all of the ente...
BMI Posts Record Revenue Despite Pandemic Hit to Licensing
Collections from April to June fell by an estimated $60 million, but a digital boost helped make up the difference. BMI generated $1.311 billion in revenue in the year ended June 30, 2020, a 2.2% increase over the $1.283 billion it reported in the year earlier period. Distributions were up too, totaling $1.233 billion — a 3.1% increase from the $1.196 billion paid out to songwriters and publishers in the prior fiscal year. Domestically, the performance rights organization collected $961 million, increasing 1.9% from the year-earlier period. Foreign receipts grew 2.9% to $350 million. As a percentage of revenue, that breaks out to 73.3% domestic and 26.7% foreign, a 0.2% shift in favor of international collections compared to the prior year. BMI estimates that its fourth quarter reven...
In The Duchess, Katherine Ryan Plays a Single Mum With a Beautiful Wardrobe – Here’s Why That’s So Important
Things you don’t typically see being worn on the morning school run: ballgowns, funeral attire, and satin pyjamas. Oh, and a jumper that says “world’s smallest p*ssy” worn over the top of the most fabulous feather-hemmed pyjamas. But that’s exactly what we see Katherine Ryan wearing at the school gates in her new scripted Netflix series The Duchess. The styling in the opening scene is just a slice of what’s to come in the rest of the show and plays an important role in the narrative. The Duchess is Ryan’s first-scripted series that she not only stars in, but also wrote and produced. The six-part, semi-biographical series follows a single mum whose name is also Katherine ( confusing, yes, but Katherine the comedian said she was “too lazy”...
What’s Streaming on HBO Max in September 2020
HBO Max shows no signs of slowing down heading into Fall. September sees the network adding a number of original series, in addition to all kinds of goodies being added to its ever-evolving vault of content. For exclusives, subscribers can look forward to Ridley Scott’s new series Raised By Wolves, the star-studded quarantine comedy Coastal Elites, Luca Guadagnino’s We Are Who We Are, and Jude Law’s latest venture The Third Day. It should also be noted that all five seasons of Tim and Eric Awesome Show, Great Job! are now available to stream. So, if you’re looking for a good laugh — even if it’s at the risk of a cardiac arrest — by all means binge away, baby. Editors’ Picks Of course, we have to remember, it’s not TV, it’s HBO, and every weekend subscribers get new premieres of last ...
Brandy Vs Monica’s ‘Verzuz’ Was a Record Breaker
The Brandy vs Monica “Verzuz” wasn’t just a hit, it was huge. The R&B legends smashed all “Verzuz” records, organizers say, en route to pulling-in more than 6 million views. That’s well up on the initial reports of 1.2 million fans tuning in on Instagram. Breaking the numbers down, the online face-off raised more than $250,000 for Michelle Obama’s When We All Vote, and generated 1.9 million tweets, including 1 million in the U.S. alone. The veteran artists used the sparring session to “remind the world how next-level their respective catalogs,” wrote Billboard’s Carl Lamarre. Also during the back-and-forth, Vice Presidential candidate Kamala Harris called in with a live video message for the two artists, thanking them for their contributions to the culture and using the pla...
Lamb of God Announce Two Livestream Concerts, Featuring Full Album Performances
Lamb of God have announced two livestream concerts, taking place September 18th and 25th. The band will play its 2020 self-titled album and 2004’s Ashes of the Wake in their entirety during the respective shows, plus other favorites during the encores. The September 18th event will mark the “live” debut of Lamb of God’s acclaimed self-titled album, which came out amidst the pandemic on June 19th. The band would have embarked on a massive co-headlining tour with Megadeth in support of the album, but have postponed those dates until 2021. Instead, Lamb of God have turned to paid livestreams as physical concerts remain mostly on pause. The streams will begin at 5 p.m. ET / 2 p.m. PT on their respective days, with on-demand viewing available through those weekends. Tickets are $15 per show or ...
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...
