The company quietly reemerges in Williamsburg as “Tower Labs,” a new lounge area for musicians to interact in partnership with other neighborhood venues, 16 years after Tower Records filed for bankruptcy. Once known for its […]
Corporate Corner
In advance of Its Q4 FY 2022 Earnings Report, Warner Music Group Announces A Quarterly Dividend of $82.4 Million
It has been formally confirmed that Warner Music Group (NASDAQ: WMG) would distribute a $82.4 million quarterly dividend to shareholders. The Big Three record labels, which will re-enter the public market in June 2020, officially […]
Tequila From George Clooney, ‘Casamigos’ Is Dominating Rap Music
George Clooney’s Tequila, “Casamigos” has taken over Hip-Hop. As much as we can remember, Hennessy controlled the lines of Rap artists. Nas’s 1994 debut studio album, Illmatic, has the title track, “The Genesis,” which contains […]
Following Positive Q2 2022 Earnings Reports, A Former Lawmaker Criticizes iHeartMedia & Cumulus
A former congressman is once more urging terrestrial stations to start paying recorded royalties in the wake of the release of the iHeartMedia and Cumulus Media Q2 2022 earnings reports, which reveal that the businesses […]
Goldman Sachs Predicts Explosive Music Industry Growth Despite Spotify Slowdown and Wider Economic Uncertainty
Amid the ongoing resurgence of crowd-based entertainment like concerts and festivals – and notwithstanding a slowdown in Spotify’s subscriber growth – Goldman Sachs believes that the music industry is poised to crack $153 billion in annual revenue by 2030. […]
Nevermore Studios CEO Tevin Johnson teams up with Algorand Blockchain to mint NVCOIN for Artist Payments and Royalties
Today Nevermore Studios CEO/Founder Tevin Johnson has announced the official launch of NVCOIN now available via Pera Algorand wallet. NVCOIN will serve as the official creator token of nevermore studios replacing cash for all record label and management functions. “We […]
Travis Scott Plays First Performance After Astroworld – At an Oscars Party
Travis Scott performed at a pre-Oscars party in his first public performance after the Astroworld tragedy. The performance was at a private, celebrity event at a house party in Bel Air, California. TMZ reported on […]
Dr. Dre, Snoop Dogg, Eminem Pass Billion Streams and Views After Super Bowl
The historic Halftime Show resulted in an explosion of performers’ streaming and viewing numbers, with increases reaching 390%. The official video for “Still D.R.E.” passed 1 billion YouTube views on the day of the show, […]