Cumulus Media shares fell 16% after the company announced it would be de-listed from the Nasdaq exchange.
CEO Daniel Ek has said the streamer “keeps bringing up” engagement — but its internal numbers show otherwise. Why the disconnect?
Also this week: More than 150 Canadian musicians come out against Conservative candidate Pierre Poilievre and two industry vets launch a company bridging Canada and Africa.
"By the time the song dropped, there was such pent up demand that the record exploded," says UnitedMasters vp of music/head of A&R Mike Weiss of "All the Way."
A week after Diddy said the video clip must be banned, the feds say his lawyers are just "grasping" to prevent jurors from seeing "powerful proof" his crimes.
The Sphere Entertainment Co. subsidiary will also pay less to broadcast sporting events. In return, MSG Sports will receive warrants for a 19.9% equity stake in MSG Networks.
The European regulator is probing the competitive threat presented to "the music value chain" in The Netherlands and Austria.
The label's first release is a track from rising Swedish producer Discrete.
The financial buyer of music catalogs may be “focused on the boring part of the business,” as co-founder Jeremy Tucker puts it — but it’s built a diverse, 15,000-song catalog.
Other recent deals include Warner Music Group's new joint-venture label with Annual Acharia, EMPIRE's partnership with Cambodian label Baramey and more.
