Labels, live businesses and streaming companies’ stocks are mostly living up to music’s reputation as a sturdy investment option in down times. Radio is another story.
Also this week: Virgin hires an evp of global partner relations, BMG combines two crucial teams and SharpTone has a new head of label.
David Guetta, Meghan Trainor, NMIXX, xikers, Hearts2Hearts & A2O MAY are also set to perform at the festival, returning for the first time in three years.
iHeartMedia shares had slipped nearly 28% since the company announced its fourth-quarter earnings on Feb. 27.
Jack O’Brien and Miles Gray of The Daily Zeitgeist podcast will host the March 10 show.
Before there was Live Nation, the merger between SFX and Clear Channel changed touring for everyone: "It was probably the biggest impact in the industry since the Beatles."
The artist's claims against UMG remain active, and a hearing on a motion by UMG's lawyers to dismiss the petition is scheduled for this week.
Both radio companies cut costs and restructured debt in 2024, but revenue growth remains elusive.
Newly-appointed FCC chairman Brendan Carr is requesting information from iHeartMedia over whether the company is offering airplay to artists in exchange for free shows.
S&P Global called the debt restructuring “tantamount to a default” because “lenders will receive less than originally promised without offsetting adequate compensation.”
