Business
Wazupnaija – Naija Entertainment blogs & Forums – Business
What Place Will Virtual Tipping Have in the Post-Pandemic Music Industry?
In China, virtual tipping provides a widespread, legitimate revenue stream for artists. Some think the pandemic will help (finally) normalize the practice Stateside. Andy Bothwell, a Brooklyn-based artist who performs under the moniker Astronautalis, has an online hub that lists links to his music, social media accounts and merch site. But after the coronavirus pandemic cut off the touring income he relies on to pay his bills, he added two new links to the top of the list: His Cash App and Venmo accounts, allowing fans to send him money directly. “I’m curious to see if I keep it there,” he says. His decision is more than a curiosity. As the pandemic has shut down economies across the globe, many artists are asking fans directly for cash — and music companies like SoundCloud and Spoti...
CTS Eventim’s Quarterly Earnings: Revenue Down 34.7%, Liquidity Looks Good & More Takeaways
Live entertainment revenue at the German event producer fell 40.4% due to the suspension of concerts across Europe. Europe’s coronavirus crisis took a huge toll on German event producer CTS Eventim in the first quarter, leading to a 34.7% decline in revenue to €184.6 million ($202.1 million) and clouding the outlook for the remainder of 2020. Due to countries’ suspensions of concerts and other gatherings due to the coronavirus pandemic, CTS Eventim’s live entertainment revenue fell 40.4% to €108.6 million ($118.9 million) while ticketing revenue fell 24.4% to €79 million ($86.5 million). CTS Eventim had been growing quickly until the pandemic threw the touring industry into disarray. In 2019, revenue rose 16.2%, and adjusted earnings before interest, taxes, depreciation and amortization in...
Trump administration cuts royalty payments for oil companies
“The Trump administration has provided virtually zero transparency on anything relating to bailouts of industry, and is deliberately resisting all efforts to bring sunlight to what is happening within Interior, Treasury and other agencies,” said Brett Hartl, government affairs director at the Center for Biological Diversity, which filed a lawsuit this week week on separate issues to force Treasury to disclose the names of companies that have been given loans under the CARES Act. Oil and gas producers typically pay the federal government 12.5 percent of the revenues from onshore wells on federal land, but Interior has so far approved cut for more than 70 leases in Utah to between 2.5 and 5 percent, according to a database on BLM’s website. Interior in guidance earlier this month said it wou...
Clean energy backers’ anger grows as House ignores aid plea
Democratic lawmakers contend they haven’t forgotten renewable energy but say they are wrestling with an overwhelming number of sectors in dire financial need, and they expect it to be a pillar of forthcoming infrastructure legislation. Republicans have resisted further relief legislation to date. Rank-and-file Democrats in the House point out that Pelosi had said weeks ago that the HEROES Act which the chamber passed last week, would remain narrowly focused on coronavirus-related relief. However, the bill does include provisions on cannabis banking and direct relief for biofuels producers while offering nothing to clean energy, which industry groups estimated has lost nearly 600,000 jobs since the start of the pandemic. “It’s frustrating,” said Dylan Reed, legislative director at the trade...
Romelu Lukaku didn’t lay ‘a finger’ on Chelsea’s Champions League trophy
Romelu Lukaku admits to having not laid “a finger” on the Champions League trophy when Chelsea conquered Europe in 2012, with the Belgian still resenting Andre Villas-Boas for leaving him out of a successful squad. The potential of a powerful Belgian striker was bought into by the Blues following the appointment of the Portuguese coach who was intended to follow in the footsteps of Jose Mourinho. However Villas-Boas would last only a matter of months at Stamford Bridge, with Roberto Di Matteo eventually replacing him on an initial interim basis. Chelsea went on to claim a maiden continental crown under the Italian tactician who had become a firm fan favourite in his playing days. Lukaku, who was just a teenager and made only 12 appearances in his debut campaign, was invited to travel with ...
NBS: Nigerian annual inflation at 12.34 percent in April
Annual inflation in Nigeria stood at 12.34% in April, compared with 12.26% in March, the National Bureau of Statistics said on Thursday. A separate food price index showed inflation at 15.03% in April, compared with 14.98% in March. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Senator Lawan distributes palliatives to thousands in Damaturu, Yobe North
President of the Senate, Ahmad Lawan, has distributed food palliatives to thousands of residents in Damaturu and the six local government areas in Yobe North Senatorial District of Yobe State. The local governments are: Bade, Nguru, Jakusko, Yusufari, Karasuwa, and Machina, respectively. The gesture by Senator Lawan was aimed at providing relief to residents in Damaturu, the State Capital and his Constituency, who are affected by the lockdown policy following the spread of the COVID-19 disease. The distribution of palliatives was accompanied with the provision of infrared thermometers, chemicals for disinfection, spraying machines, hand sanitizers, face masks, hand gloves and boots. Also to be provided are Personal Protective Equipments (PPE) to some hospitals across the various local gove...
Court sentences man to two weeks community service for theft
A Grade 1 Area Court, Kubwa in Abuja on Thursday sentenced one Nura Usman, to two weeks community service for stealing one iron pipe and escaping from lawful custody. Usman was convicted and sentenced for criminal trespass, theft and escape from lawful custody. The judge, Muhammad Adamu, sentenced Usman to one week community service with an option of N3, 000 fine for the offence of criminal trespass and theft. Adamu also ordered Usman to observe one week community service for escape from lawful custody. He however, warned him to desist from committing crimes and be of good behaviour. Earlier, the prosecuting counsel, John Okpa told the court that one Emmanuel Ukam reported the matter at Kubwa Police Station on May 11. He said Usman criminally trespassed into the complainant’s compound at K...
Anambra intensifies community searching for coronavirus
The Commissioner for Information and Public Enlightenment, Mr Don Adinuba said the state government had decided to establish a COVID-19 task force in each of the 21 local government areas. According to him, each task force would be headed by the chairman of the local government Transition Committee, while members would compromise the Health Officer, the Information Officer, the Disease and Surveillance Officer, as well as the Ministry of Health Covid-19 Liaison Officer in the LGA. Adinuba also the government had also decided to set up a COVID-19 task force in each of the 326 wards in the state, with membership to be drawn from the Ministry of Health, the officer in charge of the Primary Healthcare in the ward, the youth leader in the ward, the woman leader in the ward, the development ward...
WHO: Africa’s confirmed coronavirus cases top 95,000
Flickr The World Health Organisation (WHO) on Thursday reported that COVID-19 cases in Africa as at May 21, had risen to over 95, 000. WHO Regional Office for Africa in Brazzaville, Congo, gave the update on its official twitter account @WHOAFRO. “There are over 95,000 confirmed COVID-19 cases on the African continent – with more than 34,000 recoveries and 2,995 deaths,” it said. The figures showed that South Africa, Algeria and Nigeria had the highest reported cases in Africa. According to the report, South Africa had 18,003 cases and 339 deaths followed by Algeria with 7,542 cases and 568 deaths, while Nigeria had 6,677 confirmed cases and 200 deaths. It stated that Ghana had 6,096 reported cases and 31 deaths, while Cameroon recorded 3, 733 confirmed cases and 146 deaths. The report sai...
DR Congo police shoot dead activist during rally
Agence France-Presse An activist was shot and killed by police on Thursday during a rally in a strife-torn region of eastern Democratic Republic of Congo, a campaign group has said. Police in the city of Beni, in a region plagued by attacks from bandits and militias, told AFP that two officers had been arrested over the incident. Roughly 20 people had gathered in a stadium in Beni for a protest organised by grassroots group Lucha against killings and general insecurity in the area. The Allied Democratic Forces (ADF), a mainly Muslim rebel group, is accused of killing more than 1,000 civilians in the Beni region since October 2014. Residents have protested regularly against the failure of officials and UN forces to protect them. Roughly a dozen people were detained at Thursday’s rally, acco...
Kelechi Iheanacho returns to training slightly overweight
Kelechi Iheanacho is happy to be back in training after six weeks without football, no thanks to the ongoing coronavirus pandemic. The Super Eagles player shared the picture of himself arriving Leicester City training ground on Wednesday to training. “Good to be back missed everything,” stated the player upon arriving at training, as portrayed by the picture above taken beside his car. Meanwhile the former Manchester City forward could find himself in coach Brenda Roger’s hot water as he appeared overweight with a robust cheek. Iheanacho who has featured in 12 league matches for the Foxes this season must harder in order to be ready for a premier league game in June. Iheanacho has scored 28 goals in 81 appearances for the Foxes since he joined them from Manchester City in 2017. Get more st...
