News and Trends

The biggest headlines from the past few days... Source source https://www.musicbusinessworldwide.com/from-universal-musics-fresh-round-of-layoffs-to-spotifys-catalog-surge-its-mbws-weekly-round-up/

The plaintiffs are seeking a preliminary injunction against the District's RESALE Act, which is set to apply from January 1, 2027. Source source https://www.musicbusinessworldwide.com/seatgeek-vivid-seats-others-sue-washington-d-c-to-block-its-10-cap-on-ticket-resale-prices/

The ruling does not put a number on what Corcoran owes, but representatives for Chance say he is likely to forfeit up to $1.5 million in management fees. Source source https://www.musicbusinessworldwide.com/chance-the-rapper-wins-second-trial-against-ex-manager-pat-corcoran-who-must-hand-over-merch-vendor-payments-and-up-to-1-5m-in-fees-according-to-chances-team/

The role is newly created at the company, which oversees HYBE's business in the US, Canada, and Latin America. Source source https://www.musicbusinessworldwide.com/mohnish-sani-appointed-head-of-strategy-and-growth-for-hybe-americas/

Under the Act, music tourism covers travel to attend a festival, a concert, or another live musical performance or music-related special event. Source source https://www.musicbusinessworldwide.com/donald-trump-signs-american-music-tourism-act-into-law-tasking-commerce-department-with-promoting-travel-to-us-music-sites-and-events/

Pipeline is the $200 million-backed financing platform for the music and creative industries that launched in January through Matt Spetzler's investment firm Jamen Capital. Source source https://www.musicbusinessworldwide.com/ben-katovsky-joins-matt-spetzlers-pipeline-as-ceo/