M. Scott Havens, who has been CEO of Bloomberg Media for almost two years, has been hired by the New York Mets.
08.11.2023 - 17:05 / variety.com
Sharareh Drury Like the rest of the industry, business managers are facing an array of challenges these days while nonetheless continuing to build wealth for their clients. Among the issues they’ve had to deal with: the aftermath of the pandemic, the disruptions to traditional sources of income caused by the advent of streaming and other technologies, the sudden spike in interest rates, the strikes, and, last but not least, the rollups and consolidation that are reorganizing the world of business management – for better or for worse.
It may seem a cliché to harp on the pandemic more than three-and-a-half years after it changed the world, but its side effects linger and its impact on investment choices are still felt. For example, the pandemic permanently changed the culture of work-from-home options and many business management firms have altered their policies in that area.
As for their clients, the pandemic started a trend whereby many showbiz types have sought homes in more remote parts of the country. Business managers have been advising them on how to deal with major shifts in the real estate market brought about by these changes.
In the area of income sources, streaming has shifted the compensation model from one of reliance on residuals to a new world of up-front payments at the expense of back-end participation. While the dust has not yet settled, and even as there’s been some backtracking, the contours of a new landscape have formed.
And the strikes are, in part, a resistance movement against residual reduction. Finally, as the business management industry has been increasingly rocked in recent years by mergers and consolidations, some business management firms have been fully absorbed into other entities,
.M. Scott Havens, who has been CEO of Bloomberg Media for almost two years, has been hired by the New York Mets.
legal rift between legendary soft-rock duo Hall and Oates.Daryl Hall, 77, sued John Oates, 75, Oates’ wife, and another trustee earlier this month, alleging Oates’ plan to sell his side of a joint venture would violate their business agreement, court documents revealed.The Nashville judge who temporarily blocked Oates’ maneuver on Wednesday ordered more documents in the case to be unsealed after the lawsuit filed under seal on Nov. 16 had obscured the details of the case.Now, unsealed records show that Chancellor Russell Perkins issued a temporary restraining order against Oates and his trust to halt the sale of his share of Whole Oats Enterprises LLP to Primary Wave Music for 15 days or until an arbitrator makes a ruling.The suit was first lodged after Oates performed solo shows in which he sang songs Hall took credit for writing.
Daryl Hall’s lawsuit against music partner John Oates may have shocked fans, but the pair have made it clear through the years that they aren’t best friends — to put it mildly.“John and I are brothers, but we are not creative brothers,” Hall declared during an interview on the “Club Random with Bill Maher” podcast in December 2022.“We are business partners. We made records called Hall & Oates together, but we’ve always been very separate, and that’s a really important thing for me,” he added.The musician also implied that he did most of the work, noting that their 1980 song “Kiss on My List” doesn’t list Oates as a songwriter.Earlier this month, Hall and his organization, the Daryl Hall Revocable Trust, filed a lawsuit against Oates and Oates’ trust, the John W.
Council chiefs insist Ayr will be open for business this Christmas despite the ongoing chaos at the top of the town caused by the fire-ravaged Station Hotel.
Jem Aswad Executive Editor, Music If there is a bible for the music industry, it’s Donald Passman’s book, “All You Need to Know About the Music Business.” Since the first edition came out more than 30 years ago, it has guided countless musicians and executives, and has prevented many of them from making decisions they’d later regret. Considering the deep detail Passman gets into about contracts, royalties and other complicated business arrangements, his tone is remarkably conversational, and he makes sure readers don’t miss the important stuff: The section on business managers begins with him saying “Listen to me!!!” in italics with several exclamation marks.
North West is following in Kim Kardashian’s businesswoman footsteps — but with her own twist!
K.J. Yossman The U.K.’s independent film sector is heading for “market failure” due to industry conditions and inflation, producers body Pact has said. Pact, which represents a range of indie production companies, made the alarming assessment in a response to the U.K.
Adele will be starting a new business venture in the beauty world under the name ‘The Shelbourne Collective’.The singer – who recently wrapped up the first leg of her Vegas residency – has already applied to trademark the name. The approval of the trademark will allow her to create and launch her own makeup and beauty products.Per The Mirror, potential items may include eyeshadows and eyeliner similar to the ones Adele’s makeup artists use to create her signature smokey eye looks.
who together bought Wrexham A.F.C in Wales in 2020, donated the full amount needed to save Wrexham Trainer Revival from ruin.The shop, which had moved to Wrexham city centre in September, was broken into last month. Approximately £7,000 worth of stock was stolen.Business owner and Wrexham A.F.C supporter Stephen Tapp wrote on Facebook that he’d found his shop “turned over by some fucking scumbags”.“The shop has been smashed up along with thousands of pounds worth of stock gone.
Former TOWIE star Sam Faiers has spent the last few days in LA with her friend Chris Appleton. Taking to Instagram, she's revealed that he is her new Global Business Ambassador for her brand Revive Collagen and they've been working on it together in the City of Angels.
If it’s an understatement to call film and television challenged, amidst the ongoing SAG-AFTRA strike, in the world of comedy, the story is very different.
Todd Longwell Money is a complicated thing, both practically and psychologically. It can be a ticket to freedom or a dark presence leading people on a path to destruction, and it’s always a fussy child that needs to be watched carefully and nurtured. It is an especially thorny topic in the world of entertainment, where money can arrive suddenly and leave just as quickly if not handled properly.
Todd Longwell Very few people plan to become a business manager, and it’s safe to say that hardly anyone ever planned to do so less than Carrie Malcolm. Malcolm stumbled onto her career path when she found an uncashed $30,000 check made out to her then-boyfriend, a cinematographer named Danny, between the cushions of his couch, which led to the revelation that he didn’t have a checking account and hadn’t done his taxes in six years. So she got his financial affairs in order and hooked him up with an accountant named Martin J.
A huge blaze has broken out at Butlers Farmhouse Cheeses in Lancashire, with dozens of firefighters battling the inferno.
BBC Two's Gardeners' World presenter Monty Don is one of the best known horticulturalists in the country. But surprisingly, before Monty ever ventured into the world of gardening, his previous career couldn't have been more different.
EXCLUSIVE: UTA partner Jim Meenaghan has decided to step down from his dual roles as the Head of Motion Picture Business Affairs and Co-Head of the Independent Film Group at the end of the year. The details of his departure were revealed in a memo that was recently sent out to staff and obtained by Deadline. Sources add that it was Meenaghan’s decision to leave the agency and a very amicable one as he is very well liked at UTA.
William Earl Variety will host its annual Business Managers Breakfast, presented by City National Bank on Nov. 8 in Los Angeles.
A dodgy Police Chief Inspector was in business with a property developer who was jailed for multi-million-pound fraud who knew he had been placed under investigation.
Pat Saperstein Deputy Editor If you purchase an independently reviewed product or service through a link on our website, Variety may receive an affiliate commission. It was 2007. Steven Soderbergh was starting to shoot “Che” in Spain when the Bolivian casting director Rodrigo Bellott came armed with a bottle of Singani, the country’s national spirit, to the production kickoff party.
As expected, Christine Romans is joining NBC News after her departure from CNN last summer.