Business News CMU Digest
By Chris Cooke | Revealed on Sunday 27 November 2022
The important thing tales from the final week within the music enterprise…
The US Senate introduced a brand new listening to on the ticketing enterprise following all the issues that occurred with the sale of tickets to Taylor Swift’s 2023 tour. Dwell Nation’s Ticketmaster apologised after its Verified Followers system struggled to deal with the demand for tickets to Swift’s US dates subsequent yr, leading to varied points for her fanbase. The debacle put the highlight again on the assorted criticisms which were made about Ticketmaster through the years, together with the very fact it’s a part of the broader Dwell Nation group. The 2010 merger of Dwell Nation and Ticketmaster stays controversial even now, after all. US Senator Amy Klobuchar – who has been important of the ticketing enterprise and Ticketmaster’s position in it earlier than – introduced that the Senate’s Judiciary Subcommittee On Competitors Coverage, Antitrust And Shopper Rights, which she chairs, will stage a listening to to “look at the shortage of competitors within the ticketing business”. [READ MORE]
Adidas introduced it was launching an investigation into allegations made in opposition to Kanye West by former workers of its Yeezy three way partnership with the rapper. The sportswear model has already cancelled its partnership with West following all of his latest controversial statements and interviews. Nevertheless, a lot of former workers have now despatched a letter to bosses on the firm claiming that those that labored on the Yeezy JV needed to take care of “years of verbal abuse, vulgar tirades and bullying assaults” from West, and that Adidas administration had at all times turned a blind eye to their celebrity enterprise associate’s dangerous behaviour. A Rolling Stone report stated that dangerous behaviour included taking part in porn in workers conferences, exploding at feminine workers with offensive remarks, and utilizing sexually disturbing references when offering design suggestions. Adidas stated in a press release: “We take these allegations very critically and have taken the choice to launch an impartial investigation of the matter instantly to handle the allegations”. [READ MORE]
UK Music revealed its newest report on range within the British music business. Based on the cross-sector commerce group’s research, 52.9% of the business’s present workforce determine as feminine, which is up from 49.6% in 2020. The variety of ladies in mid-level and senior roles has additionally risen. Nevertheless, “it’s nonetheless the case that extra younger ladies are accessing the business at an early stage however begin to go away the business of their mid-40s”, partly due to the precise challenges confronted by mother and father and carers within the music business, which are likely to influence extra on ladies than males. The research additionally confirmed that the variety of folks working in UK music who determine as black, Asian or one other ethnic minority group is down barely throughout the board – with a extra important decline at entry degree. UK Music stated this was presumably as a result of workers from black, Asian and ethnically numerous communities have been disproportionately affected by the influence of COVID-19. The commerce physique additionally revealed a brand new motion plan to speed up present efforts to enhance range and inclusion within the music enterprise. [READ MORE]
Common Music’s classical label Deutsche Grammophon launched its personal on-line subscription service known as Stage+. The brand new digital platform presents “unique reside premieres; long-form live performance and opera programmes; music movies; documentaries and behind-the-scenes interviews; new audio releases, in addition to albums from the legendary Deutsche Grammophon and Decca catalogues”. Mainstream streaming companies have by no means actually offered a compelling expertise for classical music followers, although Apple has been creating a bespoke app for the style. That stated, Common insisted it wasn’t going into competitors with the extra mainstream platforms, stating that Stage+ has been designed to enhance “the breadth of our repertoire introduced on our companions’ companies”. [READ MORE]
A brand new report outlined the optimistic influence of digital music and the UK clubbing sector past its financial worth. Commissioned by the Night time Time Industries Affiliation and the Affiliation For Digital Music, the brand new research reviewed 20 years of educational analysis into dance music and nightlife tradition. It stated that, whereas night-time companies make a major contribution to the UK financial system, the broader influence of the digital music and clubbing neighborhood must also be thought of, together with: the way it brings folks collectively and facilitates ‘social bonding’; it’s position in particular person well-being and ‘private transformation’; and the affect it exerts on vogue and the humanities at massive. The NTIA and AFEM added: “The pandemic has proven that the federal government doesn’t recognise the significance of the sector, and has restricted information of its worth, significantly its worth outdoors of easy economics, however digital music and membership tradition within the UK additionally has neighborhood and cultural significance as this new report reveals”. [READ MORE]
