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Universal Music Sued For Allegedly Underpaying Spotify Royalties
Universal Tunes Team (UMG) is officially experiencing a course-action lawsuit for allegedly “depriving artists of the royalties they are contractually owed” – to the tune of a staggering $750 million in “unlawfully retained” payments from Spotify streams. Andres Titus and William McLean, rappers who carry out and release music jointly as Black Sheep, just recently submitted the breach-of-agreement grievance to a New York federal court. Black Sheep signed with PolyGram in the summer months of 1990, for every the motion, and introduced an RIAA qualified Gold album referred to as A Wolf in Sheep’s Outfits the subsequent 12 months. “The Preference Is Yours (Revisited)” is claimed to be the most…
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Spotify Stock Has Dipped By 70{5b4d37f3b561c14bd186647c61229400cd4722d6fb37730c64ddff077a6b66c6} In 2022 — What Will 2023 Bring?
Spotify stock (NYSE: Location) has experienced an virtually 69 p.c valuation dip considering that 2022’s starting, elevating issues about shares’ route ahead in the new 12 months. When the market closed currently, Spotify inventory was value $76.61 for every share, symbolizing the aforementioned 68.62 percent falloff because 2022 started as properly as a compact increase from yesterday’s day-close worth. Of class, it’s been a decidedly tough 12 months for the wider industry and significantly high-profile tech and enjoyment stocks which includes Meta (down 65.85 per cent from 2022’s start out), Snap (down 81.65 p.c), and Netflix (down 53.65 {5b4d37f3b561c14bd186647c61229400cd4722d6fb37730c64ddff077a6b66c6}). Primarily since Spotify inventory was driving high when the 12…
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Entertainment News Roundup: Spotify criticizes Ye’s comments, keeps his music; Boxer Tyson Fury to release ‘Sweet Caroline’ remake for charity and more
Following is a summary of existing leisure information briefs. 
 Biden administration hunting at live performance ticket, vacation resort costs 
 U.S. President Joe Biden claimed his administration is inspecting fees imposed on people in a variety of sectors, such as leisure and journey, as regulators on Wednesday specific overdraft and other banking expenses that he reported would help save clients more than $1 billion. Biden, speaking to reporters at the White Home, stated other federal organizations would seem at fees connected to live performance tickets and vacation resorts. 
 Gunn, Safran named to direct DC movie and Tv studios 
 James Gunn and Peter Safran were named co-heads of…
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Entertainment News Roundup: Rare footage of Titanic wreckage shot in 1986 released; LaQuan Smith turns NY’s Rainbow Room into catwalk at Fashion Week and more
1/14/22 Entertainment News – KTOE
Entertainment News Roundup: Adele, Ed Sheeran, and Dave were nominated for Ivor songwriting awards; Departing WarnerMedia CEO Kilar sees future of Hollywood in the blockchain and more
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Entertainment News Roundup: Spotify criticizes Ye’s comments, keeps his music; Ukraine’s Oscar contender premieres in Kyiv despite blackouts and more
Next is a summary of recent enjoyment information briefs. 
 Biden administration searching at concert ticket, resort costs 
 U.S. President Joe Biden claimed his administration is analyzing service fees imposed on shoppers in a selection of sectors, which include amusement and travel, as regulators on Wednesday targeted overdraft and other banking charges that he explained would conserve clients far more than $1 billion. Biden, speaking to reporters at the White Property, said other federal companies would look at service fees joined to live performance tickets and vacation resorts. 
 Comic actor Leslie Jordan, 67, killed in Hollywood vehicle accident 
 Comic actor Leslie Jordan, a prime-time Emmy winner for…
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Entertainment News Roundup: ‘Blinding Lights’ dethrones ‘The Twist’ as all-time No.1 Billboard single; Jay-Z leads list of most-nominated artists in Grammys history and more
Celebs React to Will Smith Slapping Chris Rock
Entertainment News Roundup: Motor racing-F1 drivers defend Netflix series after Verstappen snub; Alec Baldwin fires prop gun on movie set, killing cinematographer and more
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Fake Spotify & Apple Music Profiles Used in ‘Verification Scam’
Photo Credit: Instagram A analyze finds that bogus Spotify and Apple Songs profiles were being leveraged for Instagram blue checks. According to an investigative research by ProPublica, Spotify and Apple Music’s artist profile techniques have been exploited to get Instagram confirmed profiles. This “quick and easy” approach involved the alleged scammers building fake artist profiles and uploading new music — “often nothing far more than simple looping beats.” The streaming quantities of those tracks are then boosted illicitly, in addition to purchasing posts advertising and marketing these artists on genuine internet websites. The result is plenty of “proof” in apps for an Instagram verification checkmark — in some cases, for accounts…
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Is Spotify Stock a Buy or Sell? Evercore Is Long As Ark Sells SPOT
Spotify stock (NYSE: Place) has rallied by about seven per cent for the duration of the past five investing times but stays approximately 54 {5b4d37f3b561c14bd186647c61229400cd4722d6fb37730c64ddff077a6b66c6} beneath the for each-share selling price that it boasted at 2022’s starting. Now, as execs are forecasting podcasting profitability inside the future two decades, money gurus and traders are talking about SPOT’s path forward. Through today’s trading several hours, Spotify inventory completed at $111.34 per share, representing an virtually one particular p.c enhancement from Friday’s shut as very well as the to begin with pointed out seven {5b4d37f3b561c14bd186647c61229400cd4722d6fb37730c64ddff077a6b66c6} attain throughout the latter 5 performing days. But with Place hovering significantly beneath its 2022 high, the…
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