business
Salty Artist Management Lands Slow Pulp and More, Announces Three New Managers
“At a time when all of our clients are off the road, it’s given us an opportunity to look at our clients’ plans as well as our company structure,” says Heimann. “It felt like the right time to use these months to really build out a structure and find ways to support these managers who wanted to have a bigger team and have a brain trust where they can share ideas and get feedback.” Prior to Salty, Chen independently managed Model/Actriz while co-managing Kate Bollinger with Messina-Doering, in addition to also providing A&R support for the Mississippi-based Fat Possum Records. Chen also spent several years at Brilliant Corners Artist Management (formerly Zeitgeist Artist Management) where he worked with a variety of nationally-acclaimed artists like Death Cab for Cutie, Toro y Moi, Phan...
Sony Music Shrugs Off Pandemic, Reports Q2 Gains
Within that, the company received a one-time gain of 6.5 billion yen ($62.2 million) by selling shares of Big Hit Entertainment subsidiary Pledis and another 5.4 billion yen ($50.85 million) in what it terms a music company business transfer of an undisclosed business, which it apparently no longer owns a stake in. But even without those gains, the company would have posted a 40.95 billion yen ($384.7 million) in operating income, or a 9.3% increase. The Sony segment containing its music operations breaks out to:— Recorded music operations of Sony Music Entertainment and Sony Music Japan comprising 123.3 billion yen ($1.16 billion). That’s a 9.9% increase from the 2019 second quarter when recorded music tallied 112.2 billion yen ($1.045 million).— Music publishing operations of Sony/ATV Mu...
Pressure on banks over consumer loans money market
A Central Bank of Nigeria, CBN, Survey Report has shown that banks experienced higher loan default rates on credit cards and overdrafts/ personal lending to household in the third quarter of the year (Q3’20). The survey also noted that lenders expect to tighten the conditions for which loans are given to borrowers (loan covenant) in the next quarter (Q4’20). The Survey Report titled: ”Credit Condition Survey Report for Q3’20″ stated:”Lenders experienced higher default rates on credit card and overdrafts/personal lending to households in Q3’20 but expect lower default rates in Q4’20. “Losses given default on total unsecured loans to households and overdraft/personal loans to households both declined in Q3 2020. “Similarly, default on total unsecured loans to households was expected to worse...
European Union backs Ngozi Okonjo-Iweala for WTO role
The European Union has endorsed former Nigerian finance minister Ngozi Okonjo-Iweala as the next director-general of the World Trade Organisation, Bloomberg reported. The business news outlet cited anonymous officials familiar with the matter that all the 27 EU member countries agreed on Monday in Brussels to support Mrs. Okonjo-Iweala. Bloomberg also reported that the United States has decided to back Yoo Myung-hee, South Korea’s trade minister, for the role. The position has been fiercely contested amongst candidates of different countries since Roberto Azevedo resigned in August. Last month, Okonjo-Iweala and Myung-hee were selected as the last two candidates in the contest. The EU’s endorsement is seen as a significant boost for Okonjo-Iweala’s candidacy, with the final winner expected...
Seven Stages, Daily Tests, Color-Coding: How COVID-19 Shaped the 2020 Billboard Latin Music Awards
We spoke with Black about how she conceived and executed the most challenging show of her career. The pay-off? The 2020 Billboard Latin Music Awards reached 3.5 million total viewers on linear television, ranking as the No. 1 Spanish-language special in primetime since the onset of the pandemic, according to Nielsen NPM. It also generated 45.9 million engagements across Telemundo-owned platforms plus 38 million engagements across other platforms. You also produce the Latin AMAs, where you have two stages. Here, you had seven. Can you break that down for us? COVID was a determining factor in how the show was produced. We had seven stages, but we had to design them so they didn’t feel separate. We had two where the nominations were presented; we had one for the show host; and then we had fou...
The Weeknd, Roddy Ricch Top 2020 AMAs Nominations
The 2020 AMAs air on ABC at 8PM ET on Nov. 22 from the Microsoft Theater in Los Angeles. See the full list below. ARTIST OF THE YEARJustin BieberPost MaloneRoddy RicchTaylor SwiftThe Weeknd NEW ARTIST OF THE YEARLewis CapaldiDoja CatDaBabyLil BabyRoddy RicchMegan Thee Stallion COLLABORATION OF THE YEARCardi B ft. Megan Thee Stallion, “WAP”DaBaby ft. Roddy Ricch, “Rockstar”Dan + Shay with Justin Bieber, “10,000 Hours”Lady Gaga & Ariana Grande, “Rain On Me”Megan Thee Stallion ft. Beyoncé, “Savage Remix” FAVORITE SOCIAL ARTISTBTSBillie EilishEXOAriana GrandeNCT 127 FAVORITE MUSIC VIDEODoja Cat, “Say So”Future ft. Drake, “Life Is Good”Lady Gaga & Ariana Grande, “Rain On Me”Taylor Swift, “cardigan”The Weeknd, “Blinding Lights” FAVORITE MALE ARTIST – POP/ROCKJustin BieberPost MaloneThe W...
The Vamps Snag U.K. No. 1 With ‘Cherry Blossom’
Veteran Irish crooner Daniel O’Donnell extends his national chart record as his new album Daniel (DMG TV) starts at No. 3, and becomes his 40th U.K. Top 40 album. The veteran country artist has landed a Top 10 album in each of the last 29 years, and is the first artist to have an LP on the national sales chart each year for the last 32 years. Daniel’s No. 3 bow is an equal career best, jointly held with O’Donnell’s 2003 album Daniel In Blue Jeans. Following the announcement of her new, global publishing deal with Reservoir, Georgia-born singer Katie Melua’s Album No. 8 (BMG) enters at No. 7. It’s her eighth Top 10 record. Philippines-born, British indie rock artist Beabadoobee is new at No. 8 with her debut album Fake It Flowers (Dirty Hit). Beabadoobee was shortlisted for the 2020 BRITs’ ...
iHeartMedia to Acquire Voxnest, Its Latest Bet on Podcasting
Like Spotify’s two-pronged approach to podcasting, a mix of acquisitions and original content, iHeartMedia has actively improved its stature in the format. Among the U.S. audience, as of September, iHeartMedia narrowly ranked second behind NPR, 26.05 million to 25.98 million, according to podcast analytics company Podtrac. iHeartMedia produces such popular podcasts as Stuff You Should Know, Crime Stories With Nancy Grace, Paper Ghosts and Dead Ass With Khadeen and Devale Ellis. iHeartMedia certainly needs a boost in 2020. Digital advertising accounted for about one-fifth of iHeartMedia’s second quarter revenue, from April to June. Broadcast radio sales, half of total revenues, fell 56.5% compared to the same period last year from $561.1 million to $244 million. But podcasting revenue grew ...
Travis Scott Announces Creative Partnership With PlayStation to Promote PS5
Another day, another franchise Travis Scott teams up with. This time, the “Franchise” rapper is leveling up with PlayStation to promote their upcoming console. Scott’s expertise between the rapping and gaming worlds proves paramount in his latest business collaboration, where he serves as a strategic creative partner. He boasted on Sept. 25 that he already had his hands on the PS5, which isn’t set to be released until Nov. 12. And on Friday (Oct. 23), he posted a black-and-white promo video introducing the key team members who designed the next-gen console and himself being blown away by the final product. “TS5,” he captioned the clip on Twitter, which might also be teasing Sony PlayStation-branded Nike sneakers. “I’m super thankful and ...
Yandel & Rapeton Founder El Guru Launch New Artist Development Venture
“I’ve been following Angel’s growth for several years,” says Yandel, whose real name is Llandel Veguilla. “I think he’s a natural A&R who truly wants to help new artists. I’m 100% convinced that with my record label, I can contribute to grow this Rapeton Approved, an idea Angel has been working on since 2016.” Y Entertainment already has producers and artists signed to its roster, including Catalyna, Nesty and Izzy Guerra. However, the new Rapetón Approved will start from scratch in its search for talent, says Yandel’s manager, Andy Martínez, who helped piece the deal together. Likewise, Rapetón will continue to function as it normally does, focused on covering the world of Latin urban music in general and the reggaeton in particular, where Guru is a widely respected fixture with a You...
Metallica, My Chemical Romance to Headline Expanded 2021 Aftershock Festival
Aftershock 2021 will be headlined by Metallica (performing two different sets, one on Friday and one on Sunday) and My Chemical Romance (Saturday), who were both confirmed for the sold-out 2020 event. The 2021 lineup will also include Limp Bizkit, Rancid, The Offspring, Social Distortion, Rise Against, Volbeat, Machine Gun Kelly, Mastodon, Gojira, SEETHER, Parkway Drive and many more. “We can’t wait to play at Aftershock 2021 with our Bay Area brothers Metallica,” Rancid said in a statement. “We first played with them on the Lollapalooza tour in 1996 along with the Ramones and later down the road we toured across South America together. It’s gonna be wild, see ya in the pit!” In 2019, Aftershock celebrated its biggest-ever year with 97,500 in attendance during the sold-out...
Alicia Keys, Shawn Mendes, Offset & More to Perform at ‘Every Vote Counts: A Celebration of Democracy’
Alicia Keys, Kerry Washington and America Ferrera are set to host the event, with Keys also scheduled to perform. Additional performers include Shawn Mendes, Dan + Shay and Offset. “The purpose for this special is to remind and inspire all Americans of the power of their voice and their vote. It’s a challenging time but we have the opportunity to continue to show up and shape the world we want to live in. In a democracy, every vote counts, so we want to encourage and uplift each other and remember we all have a say in the direction of our country because everyone’s participation matters,” host Alicia Keys said in a statement. “Also, for many young people across the country, this is their first time voting so we want to make sure they understand the magnitude of this time and lear...
