business
UMusic Hotel Madrid, a 5-Star Lodging Alternative for Music Lovers, Is Now a Reality
Madrid is hosting the first UMusic Hotel, a venture that aims to become an entertainment hub in the heart of the capital of Spain. Co-created by Universal Music Group and Dakia Entertainment Hospitality Group, the hotel is located inside the historic Albéniz Theater building, just a few steps from downtown tourist sites such as Puerta del Sol and Plaza Mayor. The hotel opened on Nov. 14, 2022, at a 60% capacity and is now fully operating, with Antonio Banderas‘ take on the musical Company showing at the theater until Feb. 14. Next, Spanish singer-songwriter David Bisbal will take the stage for 20 days between March and April as part of the celebrations of his 20th music career anniversary. The Albéniz Theater was inaugurated in 1945 and was in operation for more than 60 ye...
Binance joins association to address compliance with global sanctions
Binance has become one of the first crypto firms to join the Association of Certified Sanctions Specialists, orACSS, in an effort to stay in compliance with global sanctions. In a Jan. 6 announcement, Binance said its team of sanctions compliance personnel would be undergoing training as part of the certification process at ACSS. According to the association’s website, the group offered an examination addressing “knowledge and skills common to all sanctions professionals in varied employment settings.” “The blockchain industry is still in its early years, and it’s our priority to continue upholding the highest level of compliance amid a fast-evolving space,” said Binance’s global head of sanctions, Chagri Poyraz. “At the end of the day, we want to continue setting the industry standard for...
How SZA’s ‘S.O.S.’ Cut Through the Holiday Noise to Rule the Charts
The holiday season is usually a wash when it comes to new music releases: the charts are dominated by the likes of Brenda Lee, Mariah Carey, Michael Bublé and Bing Crosby, and carols are dominating the radio on just about every channel. But this year has been different: while the top 10 of the Hot 100 has been full of the usual suspects, the Billboard 200 has been dominated by SZA’s S.O.S., the first album by the alt-R&B singer/songwriter in five years that roared out of the gate upon its Dec. 9 release with the fifth-biggest debut of 2022 and that has ruled the Billboard 200 for three straight weeks, bridging the gap between the holiday season and the opening of 2023. (And the Hot 100 found room for 20 songs from the album for good measure.) The success of that release has been no acc...
’90s Hip-Hop Duo Black Sheep Sues Universal Music Over an Alleged $750M in Unpaid Spotify Stock Royalties
A prominent ’90s hip-hop duo is suing Universal Music Group for withholding royalties tied to what they’re alleging is a “sweetheart” deal the label reached with Spotify in the late 2000s. Filed Wednesday (Jan. 4) in U.S. district court in New York by attorneys representing Andres Titus (Dres) and William McLean (Mista Lawnge), members of the hip-hop duo Black Sheep, the lawsuit claims UMG owes its artists approximately $750 million in royalties deriving from the company’s stock in Spotify. Under a licensing deal they claim UMG and the streaming giant reached in 2008, the label agreed to receive lower royalty payments in exchange for equity in the then-nascent streaming company. But Titus and McLean say the label breached their contract with Black Sheep and other artists by withholding wha...
Final Chapters of ‘Surviving R. Kelly’ Claim Singer Forced Aaliyah’s Family to Sign Non-Disclosure Agreement Following Annulment
The final two installments of Lifetime’s Surviving R. Kelly docuseries series ended with a pair of bombshell revelations about the imprisoned singer’s controversial marriage to a then-underage Aaliyah. The two episodes that debuted on Monday and Tuesday, focused in on Kelly’s 2022 federal trial, which included allegations that the singer and his team allegedly forced Aaliyah’s family to sign a non-disclosure agreement in the wake of the annulment of the performers’ brief marriage. Kelly and Aaliyah were married in secret in August 1994 when the “Rock the Boat” singer was just 15, even though their marriage certificate listed her age as 18; the marriage was reportedly annulled by Aaliyah’s parents in Feb. 1995. Interviews with some of Kelly’s and Aaliyah’s entourages revealed some of the de...
Australian Music Retailer Sanity to Close Its Physical Stores
BRISBANE, Australia — It’s closing time for Sanity, the once-great Australian music retail specialist which confirmed it would close all its bricks-and-mortar stores in the coming months. In a statement issued Wednesday (Jan. 4), Sanity announced plans to close its remaining 50 stores by the end of April 2023, in line with the lease expiry of each outlet. It’s a sad end to a music and entertainment chain which, like so many brands in the business of racking physical soundcarriers, has been left behind as consumers move to streaming platforms. “With our customer shifting to digital for their visual and music content consumption, and with diminishing physical content available to sell to our customer, it has made it impossible to continue with our physical stores,” explains Sanity CEO and ow...
Warner Music Shareholder Who Named Label in Sexual Misconduct Suit Fails to Win Board Seat
Former Atlantic Records employee Dorothy Carvello lost her bid for a seat on Warner Music Group’s board of directors last month after failing to comply with certain requirements in the company’s bylaws, spokespeople for Carvello and the record label said on Tuesday (Jan. 3). Under a new rule passed by the U.S. Securities and Exchange Commission last year that makes it easier for minority shareholders to wage campaigns for board seats, Carvello sought to nominate herself for a seat on WMG’s board, to be voted on at the next shareholder meeting. The activist and author, who alleged in her memoir, Anything for a Hit: An A&R Woman’s Story of Surviving the Music Industry, that she was subjected to sexual abuse and misconduct while working at Atlantic from 1987 to 1990, plans to run again ne...
Here Are the Biggest Music NFTs in December as Year Ends 95% Down From January
NFTs had a wild 2022. January began with euphoric highs and a record $4.8 billion traded on OpenSea. By contrast, December ended the year with a hangover — volumes down by 95% with just $283 million traded in the month. Still, the crypto winter hasn’t deterred musicians from embracing Web3. December saw an uptick in music NFT activity thanks to legacy artists Armin van Buuren and Styles P, as well as high-profile drops from crypto-native musicians like 3LAU and Daniel Allan. The first “billion club” NFT was released, unlocking streaming royalties in a track with more than a billion Spotify plays. Meanwhile, the independent scene continued to flourish with a seventh-straight month of rising volume on Sound.xyz – the largest platform for independent musicians. Across the 10 biggest music NFT...
Stanley Mills, Former Music Publisher, Dies at 91
Stanley Mills, a former music publisher who served on the boards of the National Music Publishers’ Association (NMPA) and the Harry Fox Agency, has died at the age of 91. Explore Explore See latest videos, charts and news See latest videos, charts and news Mills, the son of Mills Music Publishing Company founder Jack Mills, died on Thursday (Dec. 29) at the Long Island Jewish Medical Center in New Hyde Park, N.Y. A cause of death was not provided. Mills was born on Feb. 18, 1931. He began his career by working for his father at Mills Music. He remained with the company after it was sold to EMI Music Publishing in 1964. Two years later, he joined E.B. Marks (now Carlin America). In 1968, with the urging of his songwriter friends, Mills founded September Music and Galahad Music, representing...
Another Woman Files Sex Abuse Lawsuit Against Bill Cosby, NBC
A woman who alleges Bill Cosby drugged and sexually assaulted her in 1986 sued the comedian-actor, NBCUniversal and other companies Friday (Dec. 30) in New York, where five other women filed a similar lawsuit earlier this month. Stacey Pinkerton says she was a 21-year-old flight attendant and model that year when she claims Cosby drugged her at a restaurant in Illinois and took her back to a hotel room in Chicago. The lawsuit alleges Cosby “engaged in forced sexual intercourse” with her while she was incapacitated from the drugs. The lawsuit comes more than a year after Cosby left prison after his 2018 sexual assault conviction in Pennsylvania was overturned. Earlier this year, a Los Angeles jury awarded $500,000 to a woman who said Cosby sexually abused her at the Playboy Mansion when she...
Songwriters’ New Streaming Royalties Approved Before the New Year
Arriving just before New Years’ Eve, on Friday (Dec. 30), the Copyright Royalty Board judges issued their ruling on streaming royalty rates for songwriters for the period of January 2023 to December 2027, upholding a settlement proposed by the National Music Publishers’ Association (NMPA), Digital Media Association (DiMA), and Nashville Songwriters’ Association International (NSAI) in late August. This ruling sets the rates for Subpart C and D of the five year period known as Phonorecords IV (or “Phono IV” for short), and it represents a compromise between the music industry and the streaming services, creating certainty around the royalties owed to songwriters for U.S. mechanicals. According to the settlement, which the NMPA touts as the “highest rates in the history of digital streaming,...
How Pentatonix Became Today’s Most Popular Holiday Act
Mariah Carey may have had the most popular song of the 2022 holiday season, but Pentatonix was its most-listened-to act. The five-person vocal group had 92 recordings in the top 10,000 holiday tracks and total consumption of 2.58 million song units, based on sales and streams from Nov. 4 to Dec. 22, according to Luminate — more than any other artist. While Pentatonix doesn’t have the same kinds of smash singles as Christmas-time mainstays like Carey, Andy Williams and Burl Ives, the group uses a combination of quantity and popularity to drive its seasonal success. Pentatonix’s top holiday track, a cover of Leonard Cohen’s “Hallelujah,” ranked No. 43 and accounted for about 10.5% of its total track consumption. Its cover of the David Foster-Jennifer Thompson-Jenner song “Grown Up Chr...
