Music Industry News

Music Streaming is Taking a Backseat to Netflix, But Audio’s Decline is Leveling Off

(photo: YTCount) Expectedly, the coronavirus (COVID-19) crisis and its corresponding social distancing initiatives are affecting the way fans consume music and other entertainment. The viewership uptick enjoyed by prominent video-streaming services like Netflix is holding strong, but music streaming is slowly regaining some of its lost ground. As previously reported, the music industry’s physical sales, […]

Hip Hop News

The Game, DJ Khaled, & Roddy Ricch Pay Tribute to Nipsey Hussle on Death Anniversary

The Marathon continues. Today marks the one-year anniversary of Nipsey Hussle’s death. In celebration of his life, the hip-hop community has taken to social media to remember the Crenshaw icon, who was gunned down outside of his Marathon Clothing store on March 31, 2019. But his legacy is very much alive. Nipsey won two posthumous… Read More

Music Industry News

Tencent Officially Closes Its $3.3 Billion, 10% Buyout of Universal Music Group

Photo Credit: Chris Yunker / CC by 2.0 Chinese conglomerate Tencent has officially acquired a 10 percent stake in Universal Music Group (UMG). Tencent and Vivendi, a French conglomerate and UMG’s parent company, first announced the deal in December 2019; barring any unexpected difficulties or issues, its closure had long been anticipated. Tencent, which owns […]

Music Industry News

Kobalt Music Publishing’s Annual Revenue Surges―But Losses Are Another Story

Kobalt Music Publishing experienced a major revenue uptick during the 2019 fiscal year, but the earnings boost was accompanied by substantial losses. According to a just-released earnings report for Kobalt’s 2019 fiscal year, which ended on June 30th, revenue increased by 64 percent from the 2018 fiscal year, to approximately $543.44 million. Additionally, Kobalt’s gross […]

Hip Hop News

JAY-Z and Rihanna Donate $2 Million to Coronavirus Relief Efforts

JAY-Z and Rihanna are doing their part to aid during the pandemic. The superstars have each donated $1 million toward COVID-19 response efforts. JAY-Z made the generous donation via his Shawn Carter Foundation, while Rihanna is giving back via her Clara Lionel Foundation. The combined $2 million from both foundations will support undocumented workers, children… Read More

Music Industry News

‘The Shining’ Composer Krzysztof Penderecki Dies at 86 After ‘Long and Serious Illness’

Krzysztof Penderecki in 2008 (photo: Adam Kumiszcza) Legendary Polish composer Krzysztof Penderecki, whose work appeared in The Shining, The Exorcist, and other prominent films, has passed away at the age of 86. Penderecki’s team and publicist confirmed the news and, while opting not to disclose his cause of death, acknowledged that the end arrived “after […]