The biggest news stories in the music business this week: Live Nation, Spotify, EMI Records, BTS, Apple
June 21, 2020
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days.
This week, events giant Live Nation sent a memo to its talent partners outlining new policies for its concerts and festivals in 2021, which mostly shift the financial responsibilities to artists.
Meanwhile, Spotify has inked two new major podcast deals, firstly with Kim Kardashian West for a criminal justice-focused series,and secondly, with WarnerBros. and its subsidiary DCEntertainment, home of iconic comic book franchises like Superman, Batman and Wonder Woman.
Elsewhere, storied record company EMI Records is returning as a frontline label. Universal Music UK announced on Tuesday (June 16) that RebeccaAllen has been named President of EMI Records with immediate effect, moving over from her successful tenure as President of Decca.
Plus, K-Pop superstars BTS claim to have “opened a new era” for virtual shows after breaking the record for the highest-paid online concert on Sunday (June 14), banking close to $20m in ticket sales, while Spotify’s legal chief claimed that Apple ‘intentionally designed a system rigged in their favor’ following the news that the European Commission (EC) has launched an anti-trust investigation into Apple’s App Store rules.