Ye's Yeezys accounted for up to 15% of Adidas’ net income, according to analysts.
"I got this wrong, and I take responsibility for that," Mark Zuckerberg writes in a memo to staff announcing a reduction of 11,000 employees.
Also this week: Record labels win a $46 million piracy verdict, the Copyright Office sides with songwriters, Kesha and Dr. Luke get a trial date, and more.
Reporting its third-quarter earnings, the company raised its full-year fiscal 2023 growth forecast.
Jeronimo Folgueira, who took the reins in 2021, says a deal with German media powerhouse RTL will be “transformative” for the French company.
The publisher's lawyers are particularly mad about Drake's Instagram post thanking Vogue editor Anna Wintour for the phony cover story.
Providence buys out two existing Wasserman investors, RedBird Capital Partners and Madrone Capital Partners.
UMP China will now handle administration for RYCE Publishing, including some of China's biggest pop hits and Greater China rights over key K-Pop act copyrights.
After nearly nine years of bitter litigation between the producer and the pop star, a judge punted a jury trial six more months down the road.
Think streaming royalties are bad? TikTok revenue can be 500 times lower.
