Live music gives London a £2bn boost – but venues are still battling rising costs July 18, 2023 Economists and melomaniacs alike have reason to cheer the capital’s post-pandemic musical revival with the capital’s coffers given a £2bn boost by large and small concerts alike. Nearly 5m music lovers flocked to the capital last year to attend live music events, according to a report from UK Music, filling hotels, bars and restaurants. The [...]
Hipgnosis working to increase shareholder value after investor complaints July 13, 2023 The boss of Hipgnosis said today that the song management company is working on options to increase shareholder value after investors complained about its dwindling share price. “I am aligned with shareholders in believing that the fundamental value and opportunity of the company fails to be reflected in the current share price,” Merck Mercuriadis, Hipgnosis boss [...]
Investors call on Hipgnosis to sell songs as share price dwindles July 12, 2023 Investors in Hipgnosis Song Management, which owns songs by Rihanna, Nirvana and Justin Bieber, have called on the company to sell some of its holdings as the firm’s share price flounders. Hipgnosis’ share price – which trades as Hipgnosis Songs Fund on the FTSE 250 – has fallen around 30 per cent over the last [...]
Taylor Swift Eras tour set to break records as tickets go on pre-sale July 10, 2023 TICKETS for Taylor Swift’s European tour are set to go on sale this week, with predictions of sky-high prices on the secondary market. The star’s highly anticipated “Eras Tour” is expected to make a significant impact as it heads to Europe, with projections it will become the highest-grossing tour of all time, surpassing $1.5bn (£1.17bn) [...]
Taylor Swift fans warned Eras tour tickets ‘highly attractive target for criminals’ July 6, 2023 Taylor Swift fans keen to secure tickets for her 2024 Eras Tour have been urged to be alert to fraudsters taking advantage of “phenomenal demand” for the shows. Fans who registered last week were to have learned on July 5 if they had been randomly selected to receive a highly sought-after pre-sale code giving them [...]
British recorded music exports smash £700m for first time July 6, 2023 British recorded music exports have defied increasing global competition to grow by a record amount in 2022 as UK artists dominate the year’s biggest global streaming hits. The value of UK music sales and streams overseas increased by 20 per cent last year to £709m; a jump of over £100m in a single year and [...]
Sony, Universal and Warner forced to explain ‘disappointing’ gender pay gaps June 28, 2023 Representatives from Sony, Universal and Warner today were forced to explain the gender pay gaps in their companies as they were questioned by MPs in parliament. Reports on salaries at the organisations in 2022 revealed Warner had an average gender pay gap of just under 38 per cent – a slight rise on the previous [...]
One Media reports revenue jump as copyright detection tool takes off June 28, 2023 One Media today reported a 15 per cent jump in revenue as its new copyright detection technology proves increasingly popular. The AIM-listed digital media rights group saw its revenue increase to £2.7m in the first half of last year, up from £2.4m for the same period last year. Some £2.5m of this revenue were driven [...]
Stormzy and Wilfried Zaha team up to buy hometown football club Croydon Athletic June 27, 2023 Rapper Stormzy and Crystal Palace star Wilfried Zaha have agreed to buy their hometown football club, AFC Croydon Athletic. Stormzy and Zaha are part of a three-man consortium, which also includes former Palace kit man Danny Young, that has exchanged contracts for a takeover with the current ownership. No financial details have been disclosed and [...]
UK unveils new arts fund in bid to boost ‘gangbusters’ creative sector by £50bn June 14, 2023 Ministers have unveiled plans to boost the UK’s “gangbusters” creative industries by up to £50bn. The Department for Digital, Culture, Media and Sport (DCMS) has revealed a plan to give a multimillion-pound boost across film, music, fashion and gaming, which could see the arts sectors grow by £50bn by 2030. The ‘Creative Industries Sector Vision’ [...]