business
Bob Dylan’s Share of Traveling Wilburys Rights Purchased by Primary Wave
Primary Wave has acquired a few key rights from Bob Dylan‘s share of the Traveling Wilburys catalog, including master royalties and neighboring rights royalties from both of the group’s albums as well as their 2007 box set, the company announced Wednesday (May 11). Comprised of Dylan and fellow superstars George Harrison, Jeff Lynne, Roy Orbison and Tom Petty, the Traveling Wilburys’ formation was a happy accident. After the five-some gathered to record a B-side single with Harrison in 1988, they went on to record two full-length LPs: the three-times platinum Traveling Wilburys Vol. 1 and platinum-selling Traveling Wilburys Vol. 3. For their work, the Traveling Wilburys earned an Album of the Year nomination at the 1990 Grammys for Vol. 1, won the Grammy for Best Rock Performanc...
Prosecutors Defend Delay in Jam Master Jay Murder Charges, Citing Witness Intimidation
Federal prosecutors are firing back at claims that they waited too long to bring charges over the murder of Run-D.M.C.’s Jam Master Jay, saying at least part of delay was because the defendants themselves tried to “intimidate and silence potential witnesses.” Explore See latest videos, charts and news See latest videos, charts and news The new filing came a month after Karl Jordan, Jr. and Ronald Washington. argued that the long wait – they were charged in 2020 for Jay’s long-unsolved 2002 murder – means that they wouldn’t be able to properly defend himself against the accusations. In a response Monday, prosecutors said those claims “ring particularly hollow” because bringing charges in the famous cold-case was made even more difficult thanks to interference by the two accused killers. “Th...
FIFA and EA End Their Decades-Long Partnership
FIFA and Electronic Arts are ending their partnership after almost three decades of one of the most successful and noteworthy deals in sports. After many months of negotiations, FIFA and EA were unable to arrive at a decision that would continue to extend a partnership that has long bridged the world of football with gaming. The current deal will end after next summer’s Women’s World Cup, however, it was initially supposed to end after this year’s Qatar World Cup. Starting in 2023, FIFA gamers will instead see a new branding for the series, EA Sports FC. The new affiliation promises not to change the core aspects of the game, with many of the world’s famous football stars and clubs will still be playable due to a separate licensing deal. However, specific FIFA-controlled events including t...
Delayed crypto ETFs expected to launch on Cboe Australia this Thursday
Cboe Australia said that the downstream issues that had caused the delay have been resolved EFT Securities, in collaboration with 21Shares, will launch a Bitcoin and ETH spot ETF Cosmos Asset Management will debut a Bitcoin ETF Late last month, it was expected that Australia would debut three crypto exchange-traded funds (ETFs) that were set for listing on Cboe Global Market’s Cboe Australia. Two of the three ETFs were a Bitcoin and Ether spot ETF by 21Shares (in collaboration with ETF Securities), and the third was a Bitcoin EFT offered by Cosmos Asset Management. However, cutting it late, near the day of launch set for April 27, the Cboe exchange announced that the three ETFs had been delayed. Back on this Thursday Cboe Australia has now provided an update and says the three ETPs w...
NEAR Foundation partners with Kenyan blockchain community Sankore to build a regional hub
The regional hub will focus on blockchain innovation, talent development and community education in Africa NEAR Foundation CEO Marieke Flament said the collaboration presents an opportunity to work with local talent NEAR Foundation has announced the launch of a regional hub in partnership with Kenyan blockchain community Sankore. The Swiss non-profit organisation is responsible for managing the evolution and governance of the NEAR protocol, a smart contract-capable blockchain launched in 2020. The hub would be backed by a core team of four people and led by Sankore founder Kevin Imani. It would support blockchain innovation, educate the communities, and enhance talent development in the larger continent of Africa. The hub will also feature the Sankore Bounty ecosystem, have an incubation p...
Astroworld Victims’ Attorneys Now Say Over 4,900 People Were Injured
More than 4,900 people were injured in some capacity at the deadly Astroworld music festival, according to the latest tally by the attorneys representing victims. That’s a substantially higher total than previously claimed. When the litigation over the disaster was combined into a single large lawsuit in late January, the attorneys involved listed 387 separate cases, with estimates of roughly 2,800 alleged victims. But “tag along” cases were expected, and one filing said new claims were “being filed nearly every day.” Explore Explore See latest videos, charts and news See latest videos, charts and news Several months later, it appears that the number of people who have made claims in the case has ballooned. A new filing on Monday listed 4,932 total alleged victims. In addition to 10 people...
El Salvador buys the dip to boost government’s coffer with 500 BTC
The Central American nation now holds 2,301 BTC Despite recent Bitcoin additions, its use as legal tender remains unpopular with Salvadorans The president of El Salvador Nayib Bukele, has remained resolute, sticking to his grand Bitcoin adoption masterplan. The Central American nation, earlier this week, boosted its Bitcoin position following another bulk purchase during the recent market dip. The second BTC purchase this year Tweeting out the news on Monday, President Bukele confirmed that El Salvador added 500 BTC for $15.37 million, translating to an average price of $30,744. Notably, this was a more enticing price level than the $36,585 average price for the 410 Bitcoins the country added in January. “El Salvador just bought the dip! 500 coins at an average USD price of ~$30,744,” ...
Artists Without Labels Must Be the ‘CEO of Their Brand’ (Music Biz 2022)
One of the most significant byproducts of the streaming era has been the increasing number of ways that artists can make money outside the traditional record label system. But there’s often less attention paid to the actual ramifications of artists choosing to go that route — and the roles that distributors, managers, digital marketers and others play in filling that gap while using the data offered by digital service providers to help an artist succeed in whichever way they choose. That was the topic of the panel “Navigating New Strategies: How A&R, Artist Marketing & Distribution Come Together in the Age of Streaming” at the Music Biz 2022 conference on Monday (May 9). Moderated by Label Logic co-founder, digital strategy Jay Gilbert, the panelists — Rareform co-founder Hallie An...
Spotify to Host First-Ever Investor Day on June 8
Spotify will host an investor day at the company’s New York City office on June 8 at 10 a.m. EST, the company announced Monday (May 9). This will be streamers’ first investor day since going public in 2018. The event will feature a series of presentations from Spotify CEO Daniel Ek, CFO Paul Vogel and other members of the leadership team, followed by a live Q&A focused on the progress Spotify has made since its direct listing in April 2018 along with its current roadmap and future growth opportunities. A live webcast of the investor day will be available at investors.spotify.com, while in-person attendance is by invitation only due to limited capacity. Additional details will be sent out in advance of the event. The investor day was announced as Spotify stock reached an all-time low of...
Head of Bitstamp’s European arm becomes latest CEO of global crypto exchange
Bitstamp, one of the oldest crypto exchanges in the world, has announced the appointment of Jean-Baptiste (JB) Graftieaux as its new global CEO following the departure of Julian Sawyer. In a Monday announcement, Bitstamp said Sawyer, who first became CEO of the crypto exchange in October 2020, “has decided to pursue other opportunities.” Graftieaux took over the position on May 7, having been the Bitstamp Europe CEO since May 2021. According to the exchange, Graftieaux has 20 years of experience in “crypto, payments, and financial sectors,” having first joined Bitstamp in November 2014 as the firm’s chief compliance officer following five years at PayPal. “JB was with Bitstamp in its early days, and has admirably led our European business over the past year,” said Bitstamp’s board of direc...
Weekly Report: BitMEX founders fined, California hunting first-mover advantage in Web3, and more
Here are this week’s top stories from the cryptocurrency space: Pantera Capital aims to boost its presence in India with scaled investments Argo Blockchain’s Helios Facility is now energised and set to start mining next week The three BitMEX co-founders have each been ordered to pay a $10 million civil monetary penalty Rapper Ice Cube supports Dogecoin and spurs the largest commercial transaction of DOGE in an NFTs purchase California aims to establish a comprehensive regulatory framework for Web3 technology Pantera Capital doubles down on crypto firm funding in India Cryptocurrency-focused hedge fund Pantera Capital has divulged that it’s enhancing its investment push in India. According to Paul Veradittakit, a partner at the firm, Pantera has closed around ten deals in India, notably the...
90% of surveyed central banks are exploring CBDCs — BIS
A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC. In a paper released on Friday, the BIS Monetary and Economic Department said 90% of 81 central banks surveyed from October to December 2021 were “engaged in some form of CBDC work,” with 26% running pilots on CBDCs and more than 60% doing experiments or proofs-of-concept related to a digital currency. According to the BIS, the increase in interest around CBDCs — up from roughly 83% in 2020 — may have been driven by a shift to digital solutions amid the COVID-19 pandemic as well as the growth in stablecoins and other cryptocurrencies. “Globally, more than two-thirds of central banks consider that they ...
