Live Nation has secured financial breathing room by securing favorable changes to its debt covenants ahead of its second-quarter earnings release on Aug. 5.
14.07.2020 - 22:21 / variety.com
Jem Aswad Senior Music EditorOn July 9, the same day that Live Nation Entertainment was sued by a furloughed executive claiming race and gender discrimination, the company’s CEO Michael Rapino posted an open letter to employees across the world promising greater diversity in the years to come, along with a $10 million investment to “focus on developing, promoting and hiring Black and underrepresented talent.”With 2025 as a target date, the document pledges to double the overall percentage of
.Live Nation has secured financial breathing room by securing favorable changes to its debt covenants ahead of its second-quarter earnings release on Aug. 5.
Michael Gelman is remembering Regis Philbin. Gelman, a longtime producer of that makes frequent appearances on the show, pens a tributein honor of the late morning show host.
Dade Hayes Finance EditorInterPublic Group CEO Michael Roth said the company will occupy less office space because of COVID-19.“The footprint of the agency business is going to change,” he said during an earnings call with Wall Street analysts Wednesday. “Period.”Already, the parent company of McCann, Weber Shandwick and dozens of other media companies has eliminated 500,000 square feet from its global total of about 11 million, Roth said.
Variety Staff Follow Us on TwitterFormer Live Nation New York president Anthony Makes has launched Brooklyn Made, an independent concert promotions company. According to the announcement, the 30-year industry veteran is “looking to redefine what it means to be a 21 st century music company” and will operate out of his home in the Park Slope neighborhood of Brooklyn, N.Y.“After having a front row seat to everything that was happening in the corporate concert promotion world, I really felt now
Anthony Makes has announced the formation of his new independent concert promotion company Brooklyn Made. With more than 30 years of experience in the music business, Makes will launch the new endeavor from his home in Park Slope, Brooklyn."After having a front row seat to everything that was happening in the corporate concert promotion world, I really felt now was the right time to leave Live Nation to do this," Makes said in a release.
Jem Aswad Senior Music EditorA tearful Megan Thee Stallion took to Instagram Live on Monday afternoon to thank her fans, assail her haters and speak briefly about the July 12 incident during which she says she was shot in her feet. On that night, she and another woman were in a car with rapper Tory Lanez when he was arrested for carrying a concealed weapon.
Jem Aswad Senior Music EditorNot surprisingly, Taylor Swift’s excellent surprise album has huffed up most of the oxygen on this mid-summer day — and Kanye West’s album will probably do the same, whenever he actually finishes it — but that’s all we’re going to say about them because this week saw an absolute avalanche of great new songs — and even two new songs by the Avalanches.It was a very difficult week to narrow the list down to five, so with a shout-out to the runners up — songs by Reese
Jem Aswad Senior Music EditorPandora has announced a new virtual concert series, which kicks off with country artist Kane Brown on July 28.
Jem Aswad Senior Music EditorWhile Taylor Swift always has a group of collaborators on her albums, there’s usually one chief wingman, whether it was Nathan Chapman, Max Martin and Shellback, or, as on her last pair of albums, Jack Antonoff.But for her surprise-announced eighth album “Folklore,” which drops tonight, it’s apparently Aaron Dessner of the long-running Brooklyn-based band The National, who co-wrote and produced 11 of the project’s 16 tracks.Although well-known to alternative music
Naman Ramachandran Albums by Stormzy, Dua Lipa, Laura Marling and Michael Kiwanuka have been nominated for the 2020 Mercury Prize, one of the most coveted awards in the U.K.Other nominees for the £25,000 ($31,700) prize include Anna Meredith, Charli XCX, Georgia, Kano, Lanterns on the Lake, Moses Boyd, Porridge Radio and Sports Team.
Jem Aswad Senior Music EditorDave Grohl has spoken out in defense of teachers as the Trump administration continues its “daunting and evermore politicized question of reopening our schools in the coronavirus pandemic.”In the first audio version of the Foo Fighters founder’s “Dave’s True Stories” series, Grohl — whose mother (pictured with him above) was a public school teacher — says:“Every teacher has a ‘plan.’ Don’t they deserve one too? My mother had to come up with three separate lesson
Variety Staff Follow Us on TwitterLive Nation Philadelphia, in partnership with the Philadelphia Phillies, has announced plans for a four-week local drive-in concert series coming to the parking lot of Citizens Bank Park, home of the Phillies.The Live-In / Drive-In Concert Series presented by Budweiser Zero kicks off on Sunday, August 16 with comedian Bert Kreischer, and will continue with a variety of music artists through Labor Day Weekend.
Jem Aswad Senior Music EditorLily Cornell Silver, daughter of Soundgarden singer Chris Cornell and the group’s former manager Susan Silver, launches her IGTV series “Mind Wide Open” today (July 20) in honor of her late father’s 56th birthday.
Jem Aswad Senior Music EditorMegan Thee Stallion has issued another statement around the incident last weekend in which she says she “suffered gunshot wounds as a result of a crime that was committed against me and done with the intention to physically harm me.”“Black women are so unprotected & we hold so many things in to protect the feelings of others w/o considering our own,” she wrote on Twitter.
Jem Aswad Senior Music EditorFor years many observers have said that the Recording Academy president/CEO role was too big for a single person, and the organization on Friday announced the creation of two key senior leadership positions — chief operating officer and chief industry officer — amid a larger staff reorganization.According to the announcement, key features of the reorganization are the streamlining of most of the Academy’s staff into three divisions: the Entertainment / Consumer
As markets reacted enthusiastically to a promising coronavirus vaccine trial, shares of concert promoter Live Nation leaped 12.2% to $52.09 on Wednesday (July 15) before closing at $51.84, up 11.7%. On Tuesday, biotech company Moderna published the results of an initial study for a coronavirus vaccine called
Jem Aswad Senior Music EditorOn July 9, the same day that Live Nation Entertainment was sued by a furloughed executive claiming race and gender discrimination, the company’s CEO Michael Rapino posted an open letter to employees across the world promising greater diversity in the years to come, along with a $10 million investment to “focus on developing, promoting and hiring Black and underrepresented talent.”With 2025 as a target date, the document pledges to double the overall percentage of
Candace Newman, 38, who identifies as an African American single mother, claims the company perpetuated race and gender inequalities in the touring division for the 11 years she has worked there.