News

TICKETMASTER HIT BY ‘BILLIONS’ OF BOTS IN OASIS TICKET SALE, AND 3 OTHER THINGS MICHAEL RAPINO SAID AT BLOOMBERG’S SCREENTIME EVENT

The recent sale of tickets to Oasis’ 2025 reunion tour was “the biggest on-sale in history” with “the most demand in history,” Live Nation CEO Michael Rapino said.

During an appearance at Bloomberg’s Screentime conference in Los Angeles on Wednesday (October 9), Rapino also revealed that Ticketmaster – Live Nation’s ticketing division – was hit by “multi billions” of bots during the sale.

He also said that scalpers were selling $6,000 tickets to Oasis shows – even before ticket sales officially opened.

TIKTOK SLASHES HUNDREDS OF JOBS GLOBALLY AS IT SHIFTS FOCUS TO AI CONTENT MODERATION (REPORTS)

TikTok is implementing substantial job cuts across its global operations, with a particular focus on content moderation teams.

The move comes as the ByteDance-owned platform pivots towards increased use of artificial intelligence in content moderation, which has resulted in the laying off of hundreds of employees in Malaysia and the UK.

The cuts will particularly hit Malaysia, where Reuters reported, citing “two sources familiar with the matter”, that over 700 jobs will be eliminated. However, the company later clarified that the number affected was less than 500. These employees, primarily involved in content moderation, were reportedly informed of their dismissal via email late Wednesday.

UNIVERSAL MUSIC GROUP COMPLETES 100% ACQUISITION OF [PIAS] GROUP

Universal Music Group owns the [PIAS] Group.

UMG announced it had acquired 49% of [PIAS] in 2022, following a “strategic alliance” inked between the companies the prior year.

Universal has now completed the acquisition of the remaining 51% of shares from [PIAS] co-founders Kenny Gates and Michel Lambot, for an undisclosed fee.

Universal is acquiring two core business divisions within the [PIAS] Group:

  1. Label services division [Integral], which provides physical and digital distribution services to independent labels;
  2. The [PIAS] Label Group, home to the company’s own and associated record labels, including Play It Again Sam, harmonia mundi, Demain, Spinefarm, Source and partner labels such ATO, Heavenly, Mute, and Transgressive.

Subsequent to the acquisition, [Integral] will merge with UMG’s Virgin Music Group.

SPOTIFY EXPANDS MUSIC VIDEOS TO 85 NEW MARKETS

Spotify is taking the next step in its effort to become a video platform, announcing on Tuesday (October 15) that it’s expanding music video streaming to 85 new markets.

Spotify didn’t specify which countries or regions are included in the rollout, but noted that the new offer is available only to Premium subscribers, and comes with “a limited catalog of music videos.”

The Sweden-headquartered company initially announced the launch of music videos in beta back in March, when it offered the service in 11 countries – the UK, Germany, Italy, the Netherlands, Poland, Sweden, Brazil, Colombia, the Philippines, Indonesia and Kenya. It later added Egypt to the list.

The US is not on the list of new markets, the Verge reports.

“As with all of our features, availability can vary across markets and tiers,” a Spotify spokesperson said in a statement to The Verge.

“Music videos on Spotify are still in beta and we look forward to bringing it to even more users across more markets, including the US, in the future.”

COURT CLEARS MICHAEL JACKSON ESTATE TO PROCEED WITH CATALOG SALE TO SONY AT $1.5B VALUATION

A California appeals court has given a final green light to Michael Jackson’s estate to proceed with a sale of the music legend’s catalog to Sony Music valued in the hundreds of millions of dollars.

The decision overturns objections raised by Michael Jackson’s mother, Katherine Jackson, who argued that the sale of the estate’s “single most valuable asset” violated her son’s wishes.

The court’s final ruling, issued on Wednesday (August 21), supports a preliminary rulinghanded down on July 17. Katherine Jackson had claimed that the sale was not in her son’s best interest and that the catalog’s value would continue to rise. However, the court determined that the executors of Jackson’s estate had the authority to proceed with the sale under the terms of his will.

“The will gave the executors broad powers of sale, with no exception for the specific assets at issue in this case,” the court said. “As such, the probate court did not err in concluding that it was Michael’s intent to allow the executors to sell any estate assets, including those at issue in the proposed transaction.”

“THE PROBATE COURT DID NOT ERR IN CONCLUDING THAT IT WAS MICHAEL’S INTENT TO ALLOW THE EXECUTORS TO SELL ANY ESTATE ASSETS, INCLUDING THOSE AT ISSUE IN THE PROPOSED TRANSACTION.”

CALIFORNIA’S SECOND DISTRICT COURT OF APPEAL

The court also noted that Katherine Jackson “forfeited her contention that the proposed transaction violates the terms of Michael’s will” by failing to raise them in the initial probate proceedings.

The sale, first reported in February, will see Sony Music acquiring 50% of Jackson’s publishing and recorded masters catalog. MBW understands that the deal valued the Jackson estate’s music rights at around $1.5 billion, implying a sale price of around $750 million for the transaction. If confirmed, that would top the GBP £1 billion (USD $1.31 billion) at which Queen‘s catalog was valued in its recent sale, also to Sony Music.

ROC NATION MERGES LABEL AND EQUITY DISTRIBUTION UNITS TO FORM ROC NATION DISTRIBUTION

Roc Nation has merged its Roc Nation Label and Equity Distribution (EQ) divisions into a single, unified entity called ROC Nation distribution.

The newly formed division will serve as a platform for “any artist”, providing them with the tools and resources they need to meet the demands of the current music industry, Roc Nation said Thursday (August 15).

Roc Nation’s Equity Distribution unit was established in early 2019. The division, led by Krystian Santini, is a platform that allows artists to distribute their music while retaining ownership of their masters. It also provides marketing, publishing administration and data analytics services.

“THE FORMATION OF ROC NATION DISTRIBUTION IS A NATURAL TRANSITION IN THE MUSIC SPACE. THE MISSION IS TO SUPPORT AND EMPOWER INDEPENDENT ARTISTS WHILE PROVIDING THEM THE TOOLS AND SERVICES TO DISTRIBUTE THEIR MUSIC.”

ROC NATION

As part of the restructuring, artists signed to the Roc Nation Label will be represented by ROC Nation distribution. Roc Nation’s distribution and management units represent artists including RihannaAlicia Keys, Megan Thee Stallion, Lil Uzi Vert, DJ Khaled, J Balvin, Yo Gotti, Robin Thicke, Mustard, Christina Aguilera and more.