Live Nation Entertainment faced another challenging quarter to close out 2020, with revenue dropping 92% in the fourth quarter compared to the same time period in 2019, the company announced in its earnings report on Thursday afternoon. For the 2020 calendar year as a whole, revenue dropped 84% compared to …
Read More »Live Nation Buys Veeps, Joel and Benji Madden's Livestreaming Company
Concert promotion giant Live Nation has bought a majority stake in livestreaming platform Veeps, the company announced Tuesday. Live Nation, which has endured 10 months and counting without regular concerts or tours due to the Covid-19 pandemic, will now be directly positioned in the fast-growing livestreaming space. For Live Nation, …
Read More »What Does 'Best New Artist' Mean When the World's on Fire?
Sign up to receive your free exclusive Grammy Preview magazine for next year Conan Gray was ready to conquer. By the time this year began, the rising pop and rock artist had achieved the dreams of guitar-playing teenagers everywhere — building a loyal YouTube following from his suburban Texas home, …
Read More »BTS Just Proved That Paid Livestreaming Is Here to Stay
Since livestreaming has taken overin the COVID-induced absence of live music, major and upcoming artists alike havegone to the platform in droves to perform, fundraise for charity, and stay close to fans. But can online shows be properly monetized — and can that revenue stream be a significant one for …
Read More »Ultra Music Festival Offers 'Extra Ultra Hour,' But No Refunds, After Coronavirus Cancellation
Ultra Music Festival is out of action, after coronavirus postponed the event to 2021 — but its lackluster ticket-replacement deal for fans is drawing a different kind of attention. According to an email sent by Ultra organizers to ticket holders around midnight Monday and reviewed by Rolling Stone, would-be attendees …
Read More »'The Time Is Now': Jay-Z and Meek Mill Unveil New Roc Nation Record Label
In the year since his release from prison, Meek Mill has dug his heels in on matters including criminal justice reform, documentaries, and licensed sports productsalongside releasing a studio album. On Tuesday afternoon, the Philadelphia rapper clinked glasses of Armand de Brignac champagne with Jay-Z to solidify a new business …
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