The Palace of Westminster. Photo Credit: Mike Gimelfarb The UK government has announced a more than $1.96 billion aid package to help “cultural, arts, and heritage institutions” – including music venues – weather the fiscal fallout of the COVID-19 pandemic. Chancellor Rishi Sunak recently unveiled the music relief initiative, and its details were disclosed on […]
Paris, France. Photo Credit: Isaiah Bekkers A new report is shedding light upon the depth of the losses that France’s music community has suffered as a result of the coronavirus (COVID-19) pandemic. Conducted and published by France’s Tous Pour La Musique, an association of artists, producers, music managers, and others, the analysis paints a decidedly […]
BMG and London-based television production company ITV Studios have closed a global partnership deal covering original music, sync deals, artist-promotion campaigns, and more. BMG and ITV Studios unveiled their “multifaceted agreement” in an official release today, and the message was shared with Digital Music News. Rendering BMG the “music partner of choice” across all ITV […]
Photo Credit: Yves Lorson / CC by 2.0 TikTok has inked a deal with the Prince estate to bring his full catalog of songs to the short-form video app. Prince was notoriously protective of his works when he was alive. The singer pulled his music from streaming services like Spotify and Apple Music. But after […]
Portland, Oregon. Photo Credit: Elena Kuchko 12 years after its founding, Portland-based indie nonprofit CASH Music (the Coalition of Artists and Stakeholders) has officially shut down. CASH Music higher-ups announced their non-profit’s permanent closure in a series of social media posts. “It is with a heavy heart that we share the news that CASH Music […]
The Artist Rights Alliance (ARA) has introduced an “Artists’ Bill of Rights” outlining its stance on several important music-industry topics, in addition to forming a 93-artist Music Council to offer insight and policy recommendations moving forward. Artist Rights Alliance officials recently announced their non-profit organization’s Bill of Rights and Music Council via a press release, […]
Still from a resurfaced video of Howard Stern portraying Ted Danson while wearing blackface in 1994. Despite the resurfacing of multiple videos of Howard Stern appearing in blackface while using the n-word, Sirius XM’s CEO has expressed strong interest in renewing its contract with the radio veteran. Despite considerable outrage over a resurfaced video showing […]
Having returned to Wall Street – and generated almost $2.5 billion – earlier this month, Warner Music Group (WMG) is moving forward with plans to issue $535 million worth of senior secured notes. Warner Music Group announced the substantial capital-raising initiative in an official release this morning. Like most other senior note offerings – Live […]
Tel Aviv, Israel. Photo Credit: Shai Pal As part of its ongoing quest to develop a presence in quickly emerging markets, Universal Music Group (UMG) has opened new offices in Casablanca, Morocco, and Tel Aviv, Israel. Universal Music Group officials announced the expansions in a press release this morning, and the message was shared with […]
According to a new Securities and Exchange Commission (SEC) filing, Chinese conglomerate Tencent has purchased a larger stake in Warner Music Group (WMG) than previously believed – to the tune of eight million Class A shares. Late last week, reports emerged that Tencent Music had spent approximately $100 million on four million of WMG’s Class […]