Celebrity Life
Can a Music Catalog Fetch $500 Million? BMG and KKR Think So
BMG and investment firm KKR are partnering to acquire major music catalogs. Says an exec: "We’re not chasing hits from January 2021. We’re looking at repertoire that’s proved itself about being part of our lives"
The World’s Recorded-Music Revenue Boomed During the Pandemic
The global recorded-music market grew by 7.4 percent in 2020, to $21.6 billion, marking the sixth consecutive year of growth
Tencent Music and Warner Music Will Launch a Record Label in China
The new joint-venture record label comes a couple of weeks after Universal Music and Big Hit, BTS's label, announced a joint label
Linda Ronstadt Sells Catalog to Irving Azoff’s Iconic Artists Group
"I'm very pleased about this partnership," Ronstadt said. "It feels like home"
There’s Now an Official Date When Venue Owners Can Apply for Government Grants
The Small Business Administration will accept applications for grants starting next month
Musicians, Irving Azoff Push for Labor Law Overhaul in California
California State Assemblywoman Lorena Gonzalez introduced the FAIR Act, which would cap record deals at seven years
Coachella and Stagecoach Reportedly to Move to 2022
Source close to situation tells Rolling Stone that Coachella's promoter Goldenvoice will announce a refund period for fans to get their money back
Spotify Has Heard Artists’ Complaints ‘Loud and Clear’
The streaming service responds to artists’ grievances of low royalties with an interactive site offering new data points
What YouTube’s TikTok-Style ‘Shorts’ Mean for the Music Business
Short-form video is "the foot in the door, and now you have to stay in the party," says YouTube head of global music Lyor Cohen about the company's new Shorts feature
Recorded Music Grew $1.5 Billion in the Pandemic Year
The global recorded-music industry in 2020 saw $23.1 billion in revenue, up seven percent from 2019, according to new estimates from Midia Research
Want to Dream With Post Malone? ‘Sleep Remixes’ Are Now a Thing
Stars like Ariana Grande and Shawn Mendes will release hour-long, soothing versions of their songs as part of a new partnership between Calm and Universal Music Group
Ozuna Is Dropping Art for the Launch of a New NFT Site
Reps for ArtGrails, the new digital marketplace, say collectibles by Nicky Jam, Rich The Kid, and TV star Scott Disick are also on the way