business
Sony Music Says Artists Have Withdrawn $50M Using Its Cash-Out and Real-Time Advance Features
On Monday (Dec. 19), Sony Music Entertainment (SME) shared a recap with the company’s artists and earnings participants on the progress of its Artists Forward initiative, which encompasses SME’s legacy unrecouped balances initiative, healthcare assistance, advances on projected earnings and more. Notably, the recap offers never-before-reported stats on Sony Music’s artist portal and real-time insights platforms. Introduced in 2019, the features offer music creators and their teams “best-in-class” payment capabilities and real-time updates on consumption of their music and audience engagement data. According to the company, artists and other earnings participants have withdrawn nearly $50 million combined from both the cash-out feature, which allows users to cash out payable monthly account...
Megan Thee Stallion Shooting Eyewitness Offers Confusing Testimony, Pegs Both Tory Lanez and Megan’s Ex-Friend as Shooter
Sean Kelly, an alleged eye witness to the 2020 incident in which Megan Thee Stallion was shot, offered confusing and contradictory testimony Tuesday (Dec. 20) about what really happened, saying he never actually saw a gun — but also that he saw a man matching Tory Lanez’s description holding one, and that Megan’s former friend and assistant Kelsey Harris may also have fired. During the seventh day of the blockbuster trial, Kelly (a key witness for Lanez’s defense team) testified that when he first looked outside his home on the night of the incident, he saw Megan and Harris kicking and punching each other outside of a vehicle. “They were pulling their hair and hitting each other. It was quite violent,” he told Lanez’s attorney George Mgdesyan. Shortly after a man matching the description o...
Harvey Weinstein Found Guilty of Rape in L.A. Trial as Jury Reveals Mixed Verdict
Harvey Weinstein on Monday (Dec. 19) was found guilty of rape in a Los Angeles trial. The conviction further cements his plunge from one of the most influential producers in Hollywood to the face of the #MeToo movement. But the jury acquitted Weinstein of sexual battery by restraint against a different Jane Doe accuser. Jurors also couldn’t reach a decision on three sexual assault charges, including rape. This trial centered on testimony from four women, all known as Jane Does in court, who accused Weinstein of raping or sexually assaulting them from 2004 to 2013. Four others also testified that they were assaulted, though their claims didn’t lead to charges. In total, prosecutors called 44 witnesses to the stand to make their case against the former movie mogul. Weinstein faced two c...
How Leonard Cohen’s ‘Hallelujah’ Became a Christmas Hit Decades After Its Release
Since the business of Christmas music is growing so fast – it occupies five of the top 10 places on the Billboard Hot 100 this week – we are re-presenting some of our stories from Christmas past. This piece, about how Leonard Cohen’s “Hallelujah” came to be considered a holiday song, originally ran in 2019. The story of the song is recounted in the recent documentary Hallelujah: Leonard Cohen, a Journey, a Song. Leonard Cohen’s “Hallelujah,” with its ambiguous, imagistic lyrics about sex and spirituality, was once described by Jeff Buckley, perhaps the song’s most famous interpreter, as “the hallelujah of the orgasm.” So how did an a cappella version by Pentatonix get to No. 21 on the Billboard Holiday 100 in 2018 — after peaking on that chart at No. 2 in 2016...
These Two Former Billboard Staffers Produced One of Rap’s Biggest Christmas Hits
Since the business of Christmas music is growing so fast – it occupies five of the top 10 places on the Billboard Hot 100 this week – we are re-presenting some of our stories from Christmas past. This piece, about how two former Billboard staffers produced the holiday hit “Christmas Rappin’” for then-up-and-coming rapper Kurtis Blow, originally ran in 2019. Since then, in 2020, Robert Ford passed away. One groundbreaking Christmas hit didn’t just make the Billboard charts — it was produced by two former employees. In 1979, J.B. Moore and Robert Ford left the magazine to produce “Christmas Rappin’ ” for an up-and-coming rapper named Kurtis Blow. Released on Mercury Records, the single went gold, and Blow became the first rapper to sign a major-label deal. At Billboard, Moore ...
Revered Nashville Venue Exit/In Gets New Talent Buyer Under AJ Capital Partners
AJ Capital Partners, the new owners of revered Nashville music venue Exit/In, have named a new talent buyer for the iconic entertainment hub and plan to re-open the shuttered venue as early as this Spring after it temporarily closed in late November. Though there had been local speculation and concern that AJ Capital would turn to a large promoter such as Live Nation to book the 51-year old independent venue, the new owners are utilizing an in-house team with Dan Merker serving as Exit/In’s lead talent buyer. Merker, who oversees talent buying for all AJ Capital properties, has previously worked at Outback Presents, HUKA Entertainment and Tortuga Music Festival. “We are honored to carry on the legacy of this iconic venue and raise the bar for both the fan and artist experience,” Merker sai...
Megan Thee Stallion Trial Bombshell: Ex-Friend Claims Tory Lanez Shot Rapper, Offered $1M Bribe in Recorded Interview
In a bombshell recorded interview played in open court on Friday (Dec. 16), Kelsey Harris, Megan Thee Stallion‘s former friend and assistant, claimed several times that she saw Tory Lanez shoot the “Savage” rapper and then bribed her and Harris to keep quiet — contradicting her in-court testimony on Wednesday and Thursday. Judge David Herriford allowed prosecutors to play the entire 80-minute recording in front of the jury on day five of the blockbuster trial, in which Lanez is charged, among other things, with shooting Megan in the foot on July 12, 2020. The interview — clips from which were previously played in court during Harris’ two-day stint on the witness stand — was conducted on Sept. 14, 2022, in the presence of Deputy District Attorneys Kathy Ta and Alexander Bott, senior investi...
Hal Finney’s wife resumes activity on Bitcoin pioneer’s Twitter account to avoid potential purge
Fran Finney, the wife of computer scientist Hal Finney — the recipient of the first transaction on the Bitcoin blockchain from Satoshi Nakamoto — reactivated her late husband’s Twitter account amid concerns Twitter CEO Elon Musk might purge the content from the social media platform due to inactivity. Many Crypto Twitter users reported on Dec. 16 that Finney’s account registered activity for the first time in more than 12 years. Some speculated that a hacker might have taken control of the Bitcoin (BTC) pioneer’s account and it’s more than 71,000 followers, but Fran quickly stepped in to dispel rumors. “I am tweeting for Hal […] to avoid his account being purged by Elon,” said Fran. I want to keep Hal’s account active, and occasionally will be posting from his account. When I d...
Is Web3’s Promise of Creator Royalties Broken?
While the downfall of FTX and the Crypto Winter that saw NFT sales drop 90% dominated Web3 headlines this year, for many creators there was a bigger issue at play. Their royalties have been under attack, undermining a central promise of Web3 as a sustainable model for musicians. Creator royalties on NFTs ensure that artists get paid a cut of revenue every time their work is sold on a secondary market. As the music NFT market has matured since multi-million dollar sales attracted widespread attention, these royalties have been a central part of the Web3 proposition — presenting musicians with a possible alternative to the major label system and allowing them to generate meaningful revenue over the long term. Only now, that promise is being pulled from under them as several new NFT platforms...
Megan Thee Stallion’s Ex-Assistant Denies Tory Lanez Threatened or Bribed Her on Day 4 of Trial
Kelsey Harris, Megan Thee Stallion‘s former friend and assistant, returned to court Thursday (Dec. 15) to complete her testimony on the fourth day of the high-profile trial over whether Tory Lanez shot Megan in the foot on July 12, 2020 — and like on Wednesday, the witness raised the ire of attorneys on both sides of the case with incomplete and often contradictory testimony. During Harris’ previous turn on the stand on Wednesday, Megan’s former friend and assistant failed to recall much of a September 2022 interview she did with Deputy District Attorneys Kathy Ta and Alexander Bott and another investigator. Ultimately, she testified that parts of that interview, during which she gave a detailed account of what happened the night of the shooting more than two years prior, “weren’...
Coinbase launches tool to recover ‘mistakenly sent’ ERC-20 tokens
Major cryptocurrency platform Coinbase has offered an asset recovery tool for users who “mistakenly send unsupported tokens” to exchange addresses. In a Dec. 15 announcement, Coinbase said users who sent any of roughly 4,000 ERC-20 tokens to a Coinbase address could recover their previously unrecoverable funds by providing “the Ethereum TXID for the transaction where the asset was lost and the contract address of the lost asset.” The exchange said certain ETC-20 tokens including Wrapped Ether (wETH), TrueUSD (TUSD), and staked Ether (STETH) would be eligible for recovery, with a 5% charge on transactions of more than $100. “Our recovery tool is able to move unsupported assets directly from your inbound address to your self-custodial wallet without exposing private keys at any point,” said ...
Megan Thee Stallion’s Ex-Assistant Contradicts Earlier Statements, Invokes Fifth Amendment During Day 3 of Tory Lanez Trial
Megan Thee Stallion‘s former friend and assistant Kelsey Harris took the stand Wednesday (Dec. 14) on the third day of the highly publicized trial over whether Tory Lanez shot Megan in the foot on July 12, 2020. During Harris’ testimony — which saw her become increasingly hesitant about answering Deputy District Attorney Kathy Ta‘s questions about what happened on the night in question — a recording from an interview she gave to Ta, Deputy District Attorney Alexander Bott and an investigator in September 2022 was played in court to try to jog her memory. During a portion of that earlier interview, Harris could be heard claiming that Lanez had also threatened to shoot her on the car ride back from Kylie Jenner‘s house prior to the shooting. But in a surprising turn, Harris recante...
