Music News
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Nathan Chen demonstrates new era of music in figure skating
BEIJING (AP) — Initial there was the explosive hip-hop defeat fall, then a daring rap verse proclaiming, “The best of all time!” It couldn’t have described Nathan Chen any improved. On the barren sheet of ice, matching the fierceness of that power at the Beijing Olympics, was the commonly reserved U.S. determine skater, wrapping up a in the vicinity of-fantastic, gold-winning free of charge skate to cap his historic operate at the Winter season Games. As he flaunted as a result of the past minute of his Thursday application at Money Indoor Stadium with this sort of pleasure and character, it was obvious the 22-12 months-old American’s diverse musical choices…
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Snoop Dogg Acquires Death Row Records
Rapper-entrepreneur Snoop Dogg, who rose to fame through the 1990s on Death Row Documents, has obtained the label’s manufacturer from MNRK New music Group, which is managed by non-public fairness money managed by the expenditure firm Blackstone, the company declared on Wednesday. Phrases of the transaction were not disclosed, on the other hand, a resource shut to the scenario tells Assortment that Snoop’s acquisition of the Death Row brand is the first portion of a transaction that is predicted to see him also buying some of the label’s music legal rights — his possess and unspecified other artists. The source says the deal is predicted to conclude in the coming…
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Warner Music Group Reports 21{5b4d37f3b561c14bd186647c61229400cd4722d6fb37730c64ddff077a6b66c6} Jump in Q4 Revenue As Digital Thrives
Photograph Credit score: Unsplash Owing to nevertheless one more robust displaying from streaming, Warner Songs Team (WMG) achieved a 20.9 {5b4d37f3b561c14bd186647c61229400cd4722d6fb37730c64ddff077a6b66c6} year-about-calendar year revenue improvement through 2021’s fourth quarter, including a 30.9 p.c YoY enhance in publishing money. The Huge Three document label disclosed these and other noteworthy performance details in a newly released earnings report, covering Oct, November, and December of 2021 – the 1st quarter of Warner Tunes Group’s 2022 fiscal calendar year. Earnings totaled $1.61 billion for the duration of the a few-thirty day period stretch, marking a 20.9 per cent hike from Q4 2020, as pointed out at the outset. Inside the determine, recorded audio…
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KKR Creates $1.1 Billion Music-Rights Bond Following Kobalt Catalog Deal
A stay functionality from Maroon 5, whose music is element of the newly announced bond from KKR. Picture Credit score: Justin Higuchi Getting obtained stakes in the catalogs of John Legend and OneRepublic’s Ryan Tedder, Kohlberg Kravis Roberts (NYSE: KKR) has now developed a just about $1.2 billion new music-rights bond. The New York Metropolis-headquartered expense firm’s songs-IP bond – which marks “the very first music royalty securitization of” its KKR Credit history Advisors subsidiary – arrived to mild in a typical release from the Kroll Bond Ranking Agency (KBRA). December of 2021 saw KBRA expose plans to assign a score to Northleaf Cash Partners’ far more than $300 million…
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Is Old Music Killing New Music?
Updated at 5:20 p.m. ET on January 31, 2022. Old songs now represent 70 percent of the U.S. music market, according to the latest numbers from MRC Data, a music-analytics firm. Those who make a living from new music—especially that endangered species known as the working musician—should look at these figures with fear and trembling. But the news gets worse: The new-music market is actually shrinking. All the growth in the market is coming from old songs. Source: MRC Data The 200 most popular new tracks now regularly account for less than 5 percent of total streams. That rate was twice as high just three years ago. The mix of…
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Kamasi Washington Blasts Into a Fresh Era, and 13 More New Songs
The Los Angeles-centered saxophonist and religious-jazz revivalist Kamasi Washington, 40, produced his American late-evening Tv set debut this 7 days, performing on “The Tonight Show Starring Jimmy Fallon.” With above a dozen instrumentalists and singers arrayed about him onstage, all draped in desert whites and golds, he presented a new composition, “The Backyard garden Path.” Washington’s simple musical components have not adjusted considering that the release of “The Epic,” his breakout album: polyrhythmic funk and rock beats a total blast of horns in excess of a meaty rhythm area scant harmonic or melodic movement in the song’s theme. The greatest source of magnetism in this article arrived from downstage appropriate:…
