Headlines

Universal Music Group Licenses Catalog to Equinox At-Home Fitness App Variis

Universal Music Group has licensed the world’s largest music catalog to Equinox Holdings Inc.’s Variis digital fitness app, allowing users to work out at home to hits by Taylor Swift, Lady Gaga, Ariana Grande, Billie Eilish and the Weeknd. The agreement comes as the music industry increasingly looks to new partners across social media, videogames and fitness for revenue beyond streaming.

Source: WSJ News Exclusive | Universal Music Group Licenses Catalog to Equinox At-Home Fitness App Variis

Sony takes wraps off secret Unreal Engine project

Sony Corporation of America has announced a new subsidiary called Sony Immersive Music Studios, which is focused on “developing immersive music experiences through the power of creativity and technology”. The division is led by digital entertainment veteran Brad Spahr, who according to Sony is “an award-winning developer of next-generation experiences at the intersection of music, immersive reality, and gaming”.

Source: Sony takes wraps off secret Unreal Engine project, unveils new subsidiary: Sony Immersive Music Studios

Walt Disney Co., MPA Halt Contributions To Lawmakers Who Voted To Reject Certification Of Biden Electoral Vote

The Walt Disney Co. and the Motion Picture Association are joining Comcast and AT&T in halting political contributions to House and Senate lawmakers who voted to reject the certification of electoral votes for Joe Biden. A Disney spokesperson said, “The insurrection at our nation’s Capitol was a direct assault on one of our country’s most revered tenets: the peaceful transition of power.”

Source: Walt Disney Co., Motion Picture Association Halt Contributions To Lawmakers Who Voted To Reject Certification Of Electoral Vote For Joe Biden

Bandsintown Introduces ‘Plus’ Subscription Service for Streaming Concerts From Indie Acts

The live music web hub Bandsintown is introducing a streaming concert subscription service, Bandsintwon Plus, that will offer shows from independent artists like Phoebe Bridgers, Jeff Tweedy, Soccer Mommy, Joe Bonamassa and Mt. Joy  for a flat $9.99 monthly fee. The “all access pass” for Bandsintown Plus promises more than 25 concerts a month.

Source: Bandsintown Introduces ‘Plus’ Subscription Service for Streaming Concerts From Indie Acts

SiriusXM Warns of $1 Billion ‘Impairment Charge’ on Pandora

SiriusXM informed the public of the imminent “impairment charge” in a recent release, ahead of its Q4 2020 earnings call, which is scheduled for Wednesday, February 2nd. The expected impairment is a result of the anticipated operating performance of Pandora, primarily its royalty cost structure,” and “could be approximately $1.0 billion,” the text indicated.

Source: SiriusXM Warns of $1 Billion ‘Impairment Charge’ on Pandora

Fauci Suggests Theaters Could Reopen ‘Some Time in the Fall’

Dr. Anthony S. Fauci, the top infectious disease expert in the United States, told performing arts professionals at a virtual conference on Saturday that he believed that theaters and other venues could reopen “some time in the fall of 2021,” depending on the vaccination rollout, and suggested that audiences might still be required to wear masks for some time.

Source: Fauci Suggests Theaters Could Reopen ‘Some Time in the Fall’

Netflix’s Massive 2021 Film Slate Will Deliver New Movies Every Week This Year

Teased last October in national commercial spots, the streaming monolith is guaranteeing its roughly 193 million subscribers unseen features every week in 2021. Largely consisting of original productions as well as some splashy acquisitions, the slate has 71 titles across genres — from musicals to action, romantic comedies to family animation.

Source: Netflix’s Massive 2021 Film Slate Will Deliver New Movies Every Week This Year

The pandemic forced live events to go virtual. It may change access to entertainment forever.

While live-streaming can never replace real-life options and is unlikely to have the same financial benefits, organizers and artists have witnessed the power of opening up events to a larger audience online and have realized that fans may still crave these opportunities when the world resumes.

Source: The pandemic forced live events to go virtual. It may change access to entertainment forever.

Hipgnosis Downgraded by Stifel Analyst Due to Valuation Methodologies

Max Haycock, an analyst at Stifel’s London division, recently downgraded the rating of Hipgnosis (traded as SONG on the London Stock Exchange) to “neutral,” specifying first that he and his team “feel uncomfortable with Hipgnosis’ valuation procedure” – particularly because the music industry is “opaque.”

Source: Hipgnosis Downgraded by Stifel Analyst Due to Valuation Methodologies

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