Starting October 1st, Wiz Khalifa fans will be able to order food from an online menu curated entirely by the Grammy-winning rapper. Khalifa revealed details of “HotBox by Wiz” on Monday, sharing that he’d teamed up with Nextbite — a restaurant company that distributes delivery-only brands nationwide — to launch …
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As K-pop continues to devour the world, the record label and management company that developed BTS — one of the first K-pop groups to reach global superstardom in the streaming era — is looking to expand even further. Big Hit Entertainment first filed for its IPO in May, but on …
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Backed by continually strong streaming growth, the recorded music business saw double-digit growth for the fourth consecutive yearin 2019, according to data from the Recording Industry Association of America’s annual revenue report released on Tuesday. Streaming making up an entire 80% of the U.S. industry’s revenue. Recorded music revenue as …
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Long-term investors in Spotify required nerves of steel in 2019. Last year saw Spotify’s public valuation on the New York Stock Exchange rise as high as $28.34 billion ($157.66 per share on August 8th) but sink as low as $19.65 billion ($112.52 per share, October 1st) during a tempestuous third …
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In the span of six months, Las Vegas nightclub KAOS signed DJ Marshmello to an unprecedented $60 million two-year residency, abruptly dropped the deal, and then, on Tuesday, announced it would be shuttering entirely. KAOS Nightclub and Dayclub, which is part of the Palms Casino and Resort, signed Marshmello to …
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There’s a fresh flow of cash in the record business these days. For an idea of how and why, look no further than the amounts that Sony, Universal and Warner pulled in from streaming services alone in 2018: a combined $6.93 billion in wholesale revenue, as reported in recent investor …
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Two decades ago, Pandora launched the Music Genome Project, a.k.a. the backbone of its Internet radio service, and changed music discovery forever. No longer did fans sift through clunky physical or digital record stores to find new artists to love; Pandora’s meticulous recommendation engine served that all up effortlessly to …
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Over the weekend, rapper Anderson .Paak gave a surprise performance at perhaps an even more surprising choice of venue: a Guitar Center store in southern California. Anderson, joined by radio host Zane Lowe, DJ A-Trak and a number of other performers and personalities, was there to help publicize the renovation …
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Congratulations are in order for Drake, who on Thursday became the first artist to ever reach 10 billion streams on Apple Music. The milestone is – per the proud, multi-platform announcement from the music-streaming service as well as coverage of it on various news outlets– a Big Deal. Or is …
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