MUSIC INDUSTRY NEWS

Jay-Z completes sale of Tidal to Jack Dorsey’s Square for reported $350M

Jay-Z’s deal to sell his music-streaming service Tidal to Jack Dorsey’s financial services company Square has closed, reportedly valuing Tidal at more than $435 million.

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Hipgnosis Acquires 105 Songs From Grammy-Winner Andrew Watt in Eight-Figure Deal

Merck Mercuriadis calls Andrew Watt “arguably the most important writer and producer in the world today

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Concord acquires 145,000 music copyrights from Downtown for around $400m

The copyrights included in the transaction were developed or acquired by Downtown over the past 14 years and bring Concord’s owned and controlled music assets to over 600,000 works.

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Universal Music Group is Raising $3.5 Billion in Financing. Will A Spending Spree Follow?

Last month, MBW revealed that Universal Music Group spent a whopping €1.5 billion (approx $1.7bn) in 2020 on a combination of acquiring catalogs and paying advances to artists.

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Dr. Luke’s Prescription Songs Will Pay Songwriters In Bitcoin

Dr. Luke’s Prescription Songs publishing company has announced that its songwriters will have the option of receiving their royalties in Bitcoin moving forward.

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LATEST STORIES

Listen to Coldplay’s New Song “Higher Power”
Max Martin produced the group’s latest single, which premieres via a dispatch from the International Space Station...
Chris Cornell’s Family Settles Malpractice Suit With His Former Doctor
The singer’s family maintained that Dr. Robert Koblin had over-prescribed and mismanaged his medication...
Barker Releases New EP BARKER002: Listen
A three-track release from Berlin-based producer Sam Barker...
Childish Gambino Sued by Rapper Who Alleges “This Is America” Copyright Infringement
Florida rapper Kidd Wes says the Grammy-winning single has “substantial similarities” to his 2016 track “Made in America”...
Little Simz Shares Video for New Song “Woman”: Watch
The British rapper directed her Sometimes I Might Be Introvert visual...
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Behind ‘Vax Live’: How Jennifer Lopez, Foo Fighters, H.E.R., Selena Gomez and Others United to Rock and Repel COVID
As COVID-19 wanes in the United States, symptoms like loss of taste and smell are on the outs too. Imminently returning to the “in” list, though: hearing loss. “This is a fucking rock concert!” yelled Dave Grohl, repeatedly, as a Foo Fighters performance that seemed a third louder than any other act’s capped the Global...
Music Industry Moves: Live Nation CFO Kathy Willard to Retire; Range Media Partners Adds Music Execs
Longtime Live Nation CFO Kathy Willard is retiring effective June 30, CEO Michael Rapino announced during the company’s earnings call on Thursday. The company is planning for Joe Berchtold, who currently serves as Live Nation’s president, to assume the role of president and CFO. Willard, who has been with the company for 25 years, will...
Live Nation Weathers Rough Quarter as Concert Business Slowly Rumbles Back to Life
UPDATED: While tours and festivals for later this year are being announced every day and Live Nation’s stock recently reached an all-time high based on the concert industry’s anticipated return to health, the company’s first-quarter earnings report showed that the concert industry is just beginning to revive, it had a rough quarter — as it...
Power of Women: The New York-Based Music Executives Making an Impact
Especially in New York, the music industry has felt the impact of the pandemic more than many businesses — particularly live entertainment. But like the city that might be sleeping a little bit more than it was before 2020, the music industry rose to meet those challenges, and the executives featured in Variety‘s larger New...
Justin Bieber Officially Bumps Tour to 2022, Unveils New Dates
A week after it was reported that Justin Bieber’s fast-looming 2021 tour would be bumped into next year, Justin Bieber has made it official, announcing that his run of arena shows will now begin in San Diego on Feb. 18, 2022. As recently as this week, tickets were still being sold for dates that had...
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Deezer Announces Native HomePod Integration – Including HiFi Playback
Deezer now supports native HomePod integration with support for HiFi lossless playback. The API for other music streaming services to take advantage of the HomePod was released with iOS 14.3 last year. Pandora was the first service to announce native HomePod integration after those APIs rolled out. Spotify is yet to adopt the API for...
Aaron Neville Announces He’s Retiring From Touring
Fans of the sweet, melodic sounds of New Orleans’ legendary vocalist Aaron Neville won’t have many opportunities to hear him live from now on....
Chris Cornell’s Family Settles Malpractice Lawsuit With Beverly Hills Doctor
Chris Cornell's family has settled a malpractice lawsuit with the doctor they allege overprescribed medication to the late singer prior to his 2017 suicide....
Waka Flocka Flame Says NFT Marketplaces Are Exploiting Artists – “Artists Have the Least Gain and Most Fame”
Rapper Waka Flocka Flame says the current NFT marketplaces are exploiting artists – so he’s launching his own. Non-fungible tokens are the newest monetization craze to grip the music industry. Several platforms like OpenSea and Rarible are gaining traction as a place for artists to sell digital merchandise to their fans. But these transactions require...
Songwriters Demand a Streaming Music Overhaul — “There Is No One Single Magic Solution But Rather Several Key Changes Required”
The European Composer and Songwriter Alliance (ECSA) has officially called for “both policy makers and all stakeholders in the music sector to promote a fairer and more transparent ecosystem for music streaming.” The ECSA, which represents north of 30,000 composers and songwriters and is co-funded by the EU’s Creative Europe Programme, took aim at the...
Ciara Celebrates Mother’s Day by Revisiting ‘I Got You,’ Featuring Baby Future
Ahead of Mother's Day on Sunday, Ciara plays one of her own songs dedicated to all the moms and reflects on all the "sentimental" and generational feelings surrounding it....
The Players Behind Doja Cat’s ‘Kiss Me More’ Feat. SZA: See the Full Credits
Doja Cat’s “Kiss Me More” featuring SZA rose to No. 6 on the Hot 100 this week. Explore the team behind the track with recording credits provided by Jaxsta....
Coldplay Beam Into Space for Otherworldly Premiere of New Song ‘Higher Power’
Coldplay went out of this world -- literally -- for the premiere of their new single "Higher Power."...
Childish Gambino Faces Copyright Infringement Claim Over ‘This Is America’
Childish Gambino is facing a copyright infringement lawsuit over his rap song, “This is America.” Rapper Emelike Nwosuocha, who performs as Kidd Wes, says the song copied his track “Made in America.” The track was released two years before Donald Glover debuted “This is America” as Childish Gambino. Glover has yet to respond to the...
Dwayne Johnson Reveals Workout Playlist for New Under Armour Campaign
"The Iron Paradise Tour" collection is the latest release from The Rock's on-going partnership with Under Armour, and is inspired by the actor's love of rock and roll...
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