Crypto scammers hijack launch of heavy metal titan Metallica’s new album December 6, 2022 Crypto scammers hijacked the launch of heavy metal titans Metallica’s new album, the band warned fans. The US artist took to Instagram ahead of the launch of its 72 Seasons record and World Tour announcement. In a message to supporters, the musicians said with the launch “unfortunately the ugly side of social media made an [...]
Fleetwood Mac star Christine McVie dies aged 79 November 30, 2022 Fleetwood Mac star Christine McVie has died following a short illness at the age of 79, her family have confirmed.
Music to Spotify’s ears: Watchdog says streaming intervention not needed November 29, 2022 The competition regulator said it will not intervene in the music streaming market, deeming the industry valuable to both artists and consumers. In its final report published this morning, the Competition and Markets Authority (CMA) found that consumers actually benefited from digitisation and competition between music streaming services. Prices for consumers have fallen by more [...]
The man behind the O2 says Brits back ‘good times’ in the face of recession November 29, 2022 The man behind London’s The O2 says that despite cost of living concerns, people are still spending big on events, with the consumer mindset shifting to “having good times”. Paul Samuels, who heads up global partnerships at events giant AEG, told City A.M. that the arena is yet to see a dip in visitors amid [...]
Bob Dylan apologises for using machine to ‘hand-sign’ new £495 book November 28, 2022 Bob Dylan has issued a public apology after using a machine to “hand-sign” limited-edition copies of his new book, Philosophy Of Modern Song. In a rare statement, the 81-year-old music legend said it was an “error in judgement” to use a machine, blaming pandemic complications and vertigo for his decision making. “So, during the pandemic, [...]
The year the music died? What energy bills and recession will mean for gigs November 21, 2022 Gigs have always been a great way to escape from the toils of everyday life – a few friends, usually a few drinks and great bands. But, what does a live music scene look like once you factor in spiralling inflation and rocketing energy bills for venues and consumers who can no longer afford to [...]
Top Whitney Houston hits snapped up by Brookfield’s music investment vehicle November 16, 2022 WHITNEY Houston has become the latest music legend to see her copyrights snapped up as the fight for catalogues continues across the industry. Brookfield Asset Management has acquired around 60 songs written by Shannon Rubicam and George Merrill for an estimated value of $50m and $100m. According to reports from the FT, the deal includes [...]
Adidas terminates Kanye West’s Yeezy brand over antisemitic comments October 25, 2022 Adidas has terminated a multi-billion pound deal with music superstar Kanye West over antisemitic comments he made. The iconic German sports and fashion brand issued a statement today ending his ‘Yeezy’ brand, after the artist said he couldn’t be dropped. This comes after West, who officially changed his name to ‘Ye’, had his Twitter account [...]
Audioboom rakes in £50m in third quarter as advertising revenue perks up October 17, 2022 Podcast giant Audioboom has announced it took in £50m up until September, a 44 per cent increase on last year. The firm said quarterly revenue was however down from £15m to £14.3m as a tough economic climate continued to impact its intake. A boost in advertising revenue of £68m in 2022 so far has helped [...]
Hipgnosis secures new debt deal at it rides ‘increasingly unpredictable’ market October 3, 2022 Music investment titan Hipgnosis Songs Fund has secured a new debt financing deal this morning as the firm rides on a “unpredictable” market. The company confirmed that it had entered into a new Revolving Credit Facility (RCF) with a commitment of $700m, which runs for five years. In simple terms, an RCF gives a company added [...]