EXCLUSIVE: TV and film investment fund APX Capital is expanding into Latin America with a co-financing deal with Cenya Productions, the investment group founded by a financier behind films such as The Revenant.
12.04.2022 - 20:29 / variety.com
Thania Garcia U.S. Latin music revenue soared in 2021, with a huge 35% increase to $886 million — the highest figure in history, before adjusting for inflation — according to a new RIAA report issued Tuesday.
The number far surpassed the overall growth rate for recorded music revenues, which were up a strong 22%, per the RIAA’s year-end report issued last month.“In a year when Bad Bunny was the most-streamed artist in the world, stars like Becky G and Anitta pumped out chart topping hit after chart topping hit, and audiences joyfully flocked to Latin-powered stadium and arena shows as live performance ramped back up, Latin label teams and artists continue soaring to new heights,” said RIAA COO Michele Ballantyne. See the full report here.
Streaming accounted for a whopping 97% ($857 million) of those revenues, with paid music subscriptions continuing to be the main driver of Latin music revenue growth, increasing 35% to $593 million, accounting for more than two-thirds of all U.S. Latin music revenues in 2021.Ad-supported on-demand streams (from services like YouTube, Vevo, and the free version of Spotify) grew 46% compared to the prior year, to $187 million.
Taking into consideration the broader advertising declines due to the pandemic, 2021 marks that return with stronger growth in this category.In contrast with overall U.S. music revenues, this ad-supported category significantly over-indexes in share at 21% of total Latin music revenues, versus 12% overall.Despite only making up less than a percent of Latin music revenues, physical formats also rebounded in 2021 — as to be expected after significant challenges to physical sales posed by pandemic-related shutdowns of 2020.
EXCLUSIVE: TV and film investment fund APX Capital is expanding into Latin America with a co-financing deal with Cenya Productions, the investment group founded by a financier behind films such as The Revenant.
Mogwai have shared a soaring new single called ‘Boltfor’ – listen to it below.Released today (Apri 26), ‘Boltfor’ was “initially recorded during the sessions for ‘As The Love Continues’ at Vada Studios” according to a statement, “and then completed at the band’s very own Castle of Doom studios in March 2022.”Speaking about the song’s accompanying video, director Sam Wiehl said: “The video is a visual metaphor for the constant movement in life and the unceasing urge to move forward as individuals…in the form of a metaphysical road movie.”Watch the video below:The band will soon begin their European and UK tour in Copenhagen on April 30, heading to London’s Alexandra Palace on May 27. All original tickets will remain valid, however a new date for their Utrecht show is still to be confirmed.
Bad Bunny is already a musical superstar, and soon, he'll be a real-life superhero!The performer is set to join Sony's Marvel Universe as El Muerto, a masked wrestler who inherits powers from his mystical masks. Sony Pictures Motion Picture Group president Sanford Panitch announced the news at CinemaCon in Las Vegas on Monday, adding that the casting makes Bad Bunny the first Latino lead in a Marvel superhero film,«Sometimes we get lucky with the perfect casting, and I think that's what we've got here,» Panitch raved, to which the performer, real name Benito Antonio Martínez Ocasio, had to agree.«I love wrestling, I'm a pro wrestler, I don't know if you know,» Bad Bunny told the CInemaCon crowd, referencing his Wrestlemania debut. «This is why I love this character.
BBC).Martin also went on to say that with 240 tours planned for this year, there was some “renewed optimism”.Last year, a new forecast by PwC in their ‘Global Entertainment & Media Outlook 2021–2025’ report, predicted that the UK’s live music sector wasn’t expected to return to its pre-coronavirus pandemic revenues until the year 2025.Mark Maitland, UK head of Entertainment and Media at PwC, said: “UK consumers’ rapid migration to digital behaviours in the pandemic has now become embedded in their day-to-day lives, helping to sustain overall growth across Entertainment and Media for the coming five years. As companies race to meet consumers’ evolving needs with new products, services and experiences, the E&M industry will become more pervasive, more immersive and more diverse.“Some sectors have found interesting ways to navigate the effects of the pandemic – notable examples include B2B events moving to online/virtual and now increasingly hybrid formats.
2022 Latin American Music Awards brought out some of the biggest artists for a performance-packed show on Thursday, hosted by Rafael Amaya, Jacqueline Bracamontes, and Cristián de la Fuente.Going into the big night — held at the Michelob ULTRA Arena at the Mandalay Bay Resort and Casino in Las Vegas, Nevada -- Bad Bunny led the pack of nominees with 10 nods in total, followed closely by Jhay Cortez with eight noms while J Balvin, Karol G, and Rauw Alejandro each had seven apiece.One particularly meaningful award given out was the Extraordinary Evolution award, presented to Mexican singer Christian Nodal. The award is a special honor presented to a young performer who has demonstrated change and accelerated growth as an artist.
2022 Latin American Music Awards brought out some of the biggest artists for a performance-packed show on Thursday, hosted by Rafael Amaya, Jacqueline Bracamontes, and Cristián de la Fuente.Going into the big night — held at the Michelob ULTRA Arena at the Mandalay Bay Resort and Casino in Las Vegas, Nevada -- Bad Bunny led the pack of nominees with 10 nods in total, followed closely by Jhay Cortez with eight noms while J Balvin, Karol G, and Rauw Alejandro each had seven apiece.One particularly meaningful award given out was the Extraordinary Evolution award, presented to Mexican singer Christian Nodal. The award is a special honor presented to a young performer who has demonstrated change and accelerated growth as an artist.
cinematographer was fatally shot in October by actor and producer Alec Baldwin.New Mexico’s Occupational Health and Safety Bureau said Rust Movie Productions must pay $136,793, and distributed a scathing narrative of safety failures in violation of standard industry protocols, including testimony that production managers took limited or no action to address two misfires on set prior to the fatal shooting. The bureau also documented gun safety complaints from crew members that went unheeded and said weapons specialists were not allowed to make decisions about additional safety training.“What we had, based on our investigators’ findings, was a set of obvious hazards to employees regarding the use of firearms and management’s failure to act upon those obvious hazards,” Bob Genoway, bureau chief for occupational safety, told The Associated Press.At a ranch on the outskirts of Santa Fe on Oct.
Maluma is getting ready to take over Sin City! The 28-year-old singer is set to host a Latin music-filled weekend in Las Vegas from June 23 to June 25.The three-day, festival-style weekend — titled «Maluma Land» — will take place at Resorts World Las Vegas, and feature one-of-a-kind performances and events from Latin superstars including Becky G, Blessd, DJ Snake, Zion & Lennox, and Maluma himself. The festivities will kick off at Zouk Nightclub on Thursday, June 23, with a performance by Zouk’s resident artist DJ Snake. Becky G will bring the heat with a performance on Friday, June 24.
The New Mexico state agency tasked with investigating possible workplace safety violations on the set of Rust is “on track” to release its report by Thursday, according to a spokesperson for the New Mexico Environment Department.
Finding love off the beach! Tia Booth may have not realized it at the time, but she met The One in Taylor Mock before she even returned to Bachelor Nation for a second stint in Paradise.
The best date night in Music City! Country music’s hottest couples hit the red carpet at the 2022 CMT Music Awards on Monday, April 11, at the Nashville Municipal Auditorium.
Music City is coming to your living room! The 2022 CMT Music Awards will airs live from Nashville, Tennessee, on Monday, April 11, and every major country star is going to be there.
Jem Aswad Senior Music EditorThe estate of the late Mexican singer-songwriter Juan Gabriel has signed an exclusive, worldwide agreement with Virgin Music US Latin and extended its agreement with Universal Music Publishing Group. Under the new deal, Virgin Music US Latin will now represent Juan Gabriel’s post-2008 catalog and future recordings, while UMPG will represent his entire catalog through an extended, exclusive global publishing agreement, bringing Gabriel’s music under the Universal Music roof.New music will be released “in the coming months,” the announcement continues, including the highly anticipated “Los Duo 3, including duets with Mon LaFerte and Gloria Trevi as well as posthumously recorded duets. Billboard notes that Gabriel, who died in 2016, left behind dozens of unreleased recordings, including new songs and re-recordings of older ones.
Getting wedding inspiration? Nearly four months after Michelle Young and Nayte Olukoya‘s engagement aired, the duo have already begun thinking about their dream nuptials.
Eiza González stars alongside Jake Gyllenhaal and Yahya Abdul-Mateen II in the must see action thriller Ambulance, which hits theaters April 8th. The Mexican actress and singer plays EMT Cam Thompson, who gets caught in the middle of a hijacking when Will Sharp (Abdul-Mateen II), desperate for money to cover his wife’s medical bills, asks for help from his adoptive brother Danny (Gyllenhaal). HOLA! USA had the opportunity to talk to González, who opened up about how the role held a special place in her heart in terms of Latina representation in Hollywood, working with Michael Bay, singing, and more.It must have been awesome working with Jake Gyllenhaal and Yahya Abdul-Mateen II and it looks like you all had such a great connection. Do you have a favorite onset memory that, you know, you’ll never forget?I mean, the whole process was just really unique, you know, there were moments that Yahya was driving and Jake was losing his mind and I was just dying laughing in the back and we have to be serious.