business
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...
Allen Becker, Who Built PACE Concerts Into a Live Promotion Powerhouse, Dies at 90
In the 1970s, Louis Messina visited the Houston Astrodome to check out the events his new business partner, Allen J. Becker, was putting on. “He’s doing boat shows and having Evel Knievel jump over 150 cars and thrill shows and demolition derbies,” Messina recalls. “I went, ‘Holy crap, there are 60,000 people here!’ A guy jumped from the top of the Astrodome into the air bag.” Becker, 90, who died Monday (Dec. 12) at his Houston home, first approached Messina, then a New Orleans rock promoter, in 1975 to form a concert-promotion partnership. Their company, PACE Concerts, went on to dominate Texas and much of the South for more than 20 years, booking stars from The Who to Bruce Springsteen to Rush. “Allen had an old saying: ‘I’d rather lose money with you than you make a dime without me’ — ...
SoundCloud Revenue Rose 19% in 2021 Thanks to Subscriber Growth, Creator Tools Adoption
SoundCloud Holdings GmbH and its subsidiaries reported revenue in 2021 of 230.7 million euros ($273 million at the average exchange rate in 2021 of 1.18308), up 19% from the prior year, according to audited financial statements published by the privately held company in Germany on Tuesday (Dec. 13). SoundCloud, which originally gained popularity for its embeddable streaming widget, has a unique business model that mixes tools for music creators and listening for fans. Fan revenue — from advertising and subscriptions — improved 16.6% to 143.3 million euros ($170 million), or 62.2% of total revenue, down from 63.5% in 2020. Revenue from subscribers grew 20% year over year and exceeded internal expectations, according to the financial statements. Advertising revenue was in line with exp...
Megan Thee Stallion Delivers Tearful Testimony During Day 2 of Tory Lanez Trial: ‘I Wish He Had Just Shot & Killed Me’
Megan Thee Stallion appeared in Los Angeles court Tuesday (Dec. 13) on the second day of the closely-watched trial over whether Tory Lanez shot her in the foot on July 12, 2020. The rapper was met with a legion of her supporters at the Clara Shortridge Foltz Criminal Justice Center, several of whom held a big, black “WE STAND WITH MEGAN” banner during a rally that was organized by non-profit The Gathering of Justice in conjunction with multiple women’s and violence prevention organizations. The Grammy winner arrived at the courthouse wearing a blunt shoulder bob and bold purple suit — a fitting color choice that symbolizes awareness of domestic violence, especially against women. Once on the stand, Stallion’s voice cracked after L.A. County Deputy District Attorney Kathy Ta, one of the pro...
The Legal Beat: Taylor Swift Ends ‘Shake It Off’ Battle – Plus Megan Thee Stallion, Nick Carter & More
This is The Legal Beat, a weekly newsletter about music law from Billboard Pro, offering you a one-stop cheat sheet of big new cases, important rulings, and all the fun stuff in between. This week: Taylor Swift ends a long-running copyright case over the lyrics to “Shake It Off,” Tory Lanez heads to trial over accusations that he shot Megan Thee Stallion, Backstreet Boys member Nick Carter is accused of sexually assault, and much more. THE BIG STORY: Taylor Swift’s Accusers Drop “Shake It Off” Case It was the next big music copyright case – until it wasn’t. After five long years of litigation, and with just a month to go until a scheduled trial, attorneys for Taylor Swift reached an agreement Monday with songwriters Sean Hall and Nathan Butler to end their copyright infringement lawsuit cl...
Concert Venues Are Still Closing After the Pandemic — My Local Club Just Shut Down
DENVER — Tennyson’s Tap was the kind of music club where, on packed nights, the lone frazzled employee serving drinks, running sound and manning the door might ask one of the bands to help out and collect the $5 cover charge. I know because I sang in one of those bands, Smaldone Faces, and our bassist Luke and I pretty much let everyone in for free. The Tap, at 4335 W. 38th St. in Denver, specialized in whiskey and scruffy musicians of every conceivable genre — my two bands that played there did country, punk and metal covers, and we opened for screamo indie-rockers, jazzy improvisationalists and dreadlocked funk-and-reggae combos. The bar smelled like cigarettes and beer, and had a capacity of about 90, but when we drew our crowds of 20 or 30 people, it roared like Springsteen at the Roxy...
Tory Lanez Allegedly Shot Megan Thee Stallion Because She ‘Insulted His Skills as a Musical Artist,’ Court Hears
Opening statements kicked off the highly anticipated trial over whether Tory Lanez shot Megan Thee Stallion in the foot two years ago. Los Angeles prosecutors hope to convict Lanez (real name Daystar Peterson) of three felony charges over the July 12, 2020 incident, in which he allegedly shot Stallion in the foot during an argument after a pool party in the Hollywood Hills. In October 2020, he was charged with one count of assault with a firearm and another gun possession charge. On Dec. 6, 2022, just one week before the trial began, the L.A. district attorney’s office added a new, third count of discharging a firearm with gross negligence. If convicted on all three charges, Lanez faces 22 years in prison. Yet Lanez, 30, has maintained his innocence and looked poised to fight for it while ...
