Jem Aswad Senior Music EditorLollapalooza and most of the Chicago’s other summer music festivals have been cancelled due to coronavirus concerns, the city announced Tuesday, according to the Chicago Tribune and multiple news outlets.Lollapalooza is the city’s largest festival and typically draws 100,000 fans to Grant Park to see around 170 acts over four days.
Music Revenue to Drop 25% in 2020, but Long-Term Outlook Is Good: Goldman-Sachs
21.05.2020 - 03:19 / variety.com
By Jem Aswad
Senior Music Editor
Investment giant Goldman-Sachs has been one of the great cheerleaders for the revival of the music industry, and its projections played no small role in some of the industry’s recent successes — not least Universal Music Group being valued at $33.6 billion as part of its sale of 10% to Tencent.
However, the coronavirus pandemic has knocked the wind out of many formerly rosy projections for the music industry, largely due to the virtual shutdown of the
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variety.com
05.06.2020 / 21:09
Republic Records to Cease Using ‘Urban’ Term as Part of $25 Million Social Change Initiative
Jem Aswad Senior Music EditorAlong with the social-change efforts announced by its parent company Universal Music Group earlier this week, Republic Records has announced its own campaign — one aspect of which is that the company will cease to use the term “urban” to describe black music. “ ‘Urban’ is rooted in the historical evolution of terms that sought to define Black music,” the memo reads.
variety.com
05.06.2020 / 18:09
Meek Mill Drops Hard-Hitting New Song, ‘Otherside of America’ (Listen)
Jem Aswad Senior Music EditorAt the end of a harrowing week for the country, Meek Mill dropped a hard-hitting new song called “Otherside of America.” Mill has had his own encounters with law enforcement in recent years: He spent five months in prison in a widely criticized 2017 ruling over technical violations from a years-old conviction.
variety.com
03.06.2020 / 14:33
Warner Music to Donate $100 Million to Social Justice Organizations
By Jem Aswad
variety.com
01.06.2020 / 01:25
Universal Music’s Lucian Grainge Outlines Call to Action as Interscope Halts Releases
By Jem Aswad
etonline.com
30.05.2020 / 23:13
Elon Musk's SpaceX Makes History With First Astronaut Launch With NASA
SpaceX just made history with its first astronaut launch for NASA.
variety.com
30.05.2020 / 00:45
Tencent in Talks to Acquire Stake in Warner Music: Report
By Jem Aswad
variety.com
29.05.2020 / 21:57
Britney Spears ‘I Miss Y2K’ Playlist Is a Perfect Storm of Awesome
By Jem Aswad
variety.com
28.05.2020 / 20:07
Rosalia and Travis Scott Drop New Song and Video, ‘TKN’ (Watch)
By Jem Aswad
variety.com
21.05.2020 / 19:35
Diplo, Zhu, A-Trak to Headline Minecraft Music Festival Electric Blockaloo
By Jem Aswad
variety.com
18.05.2020 / 17:49
Downtown Acquires Sheer Music, Africa’s Largest Independent Publisher
By Jem Aswad
variety.com
15.05.2020 / 16:57
Perfume Genius’ ‘Set My Heart on Fire Immediately’: Album Review
By Jem Aswad
variety.com
14.05.2020 / 22:06
Socially Distanced Travis McCready Concert in Arkansas Applies to Move to Monday
By Jem Aswad
billboard.com
13.05.2020 / 01:21
Tencent Music Revenue Hit New Highs in Q1 as Coronavirus Spread Through China
Tencent Music Entertainment (TME), the Chinese music streaming company with 657 million monthly listeners, took a hit from the coronavirus pandemic in the first quarter but was able to grow both music subscribers and revenue. According to the company’s earnings report released Monday, Q1 music revenues leapt 27.4% y