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

Judge Dismisses Lawsuit Accusing Marilyn Manson of Sexual Assault
The woman, who identifies as a former girlfriend, has 20 days to amend her lawsuit. Manson is facing three other sexual assault lawsuits....
SoundCloud Says Portishead Song Earned 500% More Under New Royalty Plan
It’s an early indication of how so-called “fan-powered” royalty distribution could potentially level the playing field for professional musicians who aren’t superstars...
Meek Mill Announces New Album Expensive Pain
The Philadelphia rapper’s fifth studio full-length arrives on October 1...
Nicki Minaj’s COVID-19 Vaccine Testicular Swelling Claim Shut Down by Trinidad & Tobago Minister of Health
Minaj tweeted that her cousin’s friend became impotent after getting vaccinated. The Honourable Terrence Deyalsingh says no one in the country has reported this side effect....
Magdalena Bay Share Video for New Song “You Lose!”: Watch
“We ran out of video budget, we lost our dog, and we suck at basketball”...
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In Response to Firestorm, CBS’ ‘The Activist’ Will Be Retooled From Competitive Series Into a Documentary Special (EXCLUSIVE)
“The Activist,” a CBS series that had itself become the target of online activism in recent days, is being reconfigured in response to the firestorm of criticism, and will now become a one-time documentary special instead of a five-episode competition series, Variety has learned. Although footage for the original incarnation of the series had already...
Music Industry Moves: Wasserman Music Promotes Five Agents, Welcomes Two Marketing Directors
Wasserman Music, Casey Wasserman’s newly minted agency, has promoted five agents: Amanda Ilgunas, Paige Maloney and Lauren Marker, as well as brand partnership agents Edenized Perez and Mallory Smith. Additionally, the company welcomes two new tour marketing directors to its team with the hires of Stephanie Gherini and Mika Posecion. “We take great pride in developing...
Octavia Spencer Apologizes to Britney Spears for Prenup Joke About Her Engagement
Oscar winner Octavia Spencer has apologized to Britney Spears after making a joke about how she should get a prenuptial agreement. When Spears announced her engagement to longtime boyfriend Sam Asghari this past weekend, Spencer commented on the social media post: “Make him sign a prenup.” After Spencer’s Instagram comment went viral, the actor is...
Whitney Houston’s ‘The Bodyguard’ Gets Remake at Warner Bros. Written by Tony Nominee Matthew López (EXCLUSIVE)
Matthew López, the Tony-nominated playwright of “The Inheritance,” has been hired to write a reimagining of the iconic Whitney Houston film “The Bodyguard” at Warner Bros. The new movie will be inspired by the 1992 romantic drama, which starred Houston and Kevin Costner. The original grossed more than $400 million at the worldwide box office...
Laika’s Next Feature ‘Wildwood’ Is in Production, Based on Novel By The Decemberists’ Colin Meloy
Laika studios has announced its sixth stop-motion movie, “Wildwood.” The feature is based on the novel written by Colin Meloy, lead singer and songwriter for The Decemberists, and illustrated by artist Carson Ellis. The announcement was made Wednesday by Travis Knight, President & CEO of the award-winning animation studio, who will direct the film. “Wildwood”...
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Ben Platt Performs Showstopping Number from ‘Dear Evan Hansen’ on ‘Fallon’: Exclusive
On Wednesday night (Sept. 15), Ben Platt stopped by for a rendition of “Waving Through a Window” from "Dear Evan Hansen."...
Marilyn Manson Accuser’s Rape Suit Dismissed by Judge
The lawsuit of the Jane Doe who accused Marilyn Manson of rape has been dismissed by a California state judge, according to court documents filed Tuesday....
In Honor of Hispanic Heritage, Here Are The 20 Longest-Leading No. 1s on the Top Latin Albums Chart
Billboard has put together the 20 longest-leading No. 1s in the history of the Top Latin Albums chart. The list includes everything from albums that we have been obsessed with in the ‘90s to Bad Bunny's YHLQMDLG in 2020....
Los Bukis Capture 23rd Top 10 on Regional Mexican Albums Chart With ‘La Más Completa Colección’
Amid their 25th-anniversary reunion tour, Los Bukis set foot in the top 10 of Billboard’s Regional Mexican Albums chart as La Más Completa Colección starts at No. 2 on the Sept. 18-dated survey....
Reba McEntire Rescued From Oklahoma Building After Stairwell Collapse
Reba was among several people touring a historic building in Oklahoma on Tuesday (Sept. 14)....
30 Days of Hispanic Heritage Month With 20 Defining Moments for Latin Music
Billboard kicks off Hispanic Heritage Month with 30 days of Hispanic Heritage content....
Who Are You Most Excited to See Perform at the 2021 Billboard Latin Music Awards? Vote!
Jhay Cortez, Karol G, Banda MS, and more, will take the stage at the Billboard Latin Music Awards on Sept. 23. Who are you most excited to see perform?...
YouTube Exec Says 25% of All Viewer Hours Are Spent on Music — For Over 250 Million Hours of Music Consumption Daily
A full 25 percent of YouTube’s viewer hours are spent enjoying music, the Google-owned video-sharing platform’s chief business officer has revealed – for over 250 million hours of music consumption per day.   YouTube chief business officer (and former Netflix VP of content) Robert Kyncl disclosed the noteworthy percentage during the Royal Television Society Cambridge...
LA County to Require COVID-19 Vaccine Proof at Bars, Nightclubs
A forthcoming order will require patrons and employees of indoor bars and nightclubs in L.A County to show proof of COVID-19 vaccination....
R. Kelly Audiotapes Played for Jury as Sex Trafficking Trial Winds Down
Prosecutors, nearing the end of their case at the sex trafficking trial of R. Kelly, played recordings for a New York City jury Wednesday (Sept. 15) they say back up allegations the R&B singer abused women and girls....
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