Taylor Swift's Signs With Universal, Changes The Way All Artists Get Paid

Taylor Swift introduced in the present day that she can be signing a multi-year take care of Universal Music Group, which suggests a departure from Big Machine, who has represented her since 2006 when she first got here out with music. The transfer in itself will not be that exceptional however for the truth that Swift is utilizing her clout as one the largest artists on earth to alter the way in which that each one artists signed to Universal receives a commission (plus she owns her masters). Read her full assertion beneath:

I’m ecstatic to announce that my musical house shall be Republic Records and Universal Music Group. Over the years, Sir Lucian Grainge and Monte Lipman have been such unimaginable companions. It’s so thrilling to me that they, and the UMG group, shall be my label household going ahead. It’s additionally extremely thrilling to know that I’ll personal all my grasp recordings that I make any further. It’s actually necessary to me to see eye to eye with a label relating to the longer term our business. I really feel so motivated by new alternatives created by the streaming world and the ever altering panorama our business.. I additionally really feel robust that streaming was based on and continues to thrive primarily based on the magic created by artists, writers, and producers.

There was one situation that meant extra to me than another deal level. As half my new contract with Universal Music Group, I requested that any sale their Spotify shares lead to a distribution cash to their artists, non-recoupable. They have generously agreed to this, at what they imagine shall be significantly better phrases than paid out beforehand by different main labels. I see this as an indication that we’re headed in direction of constructive change for creators – a objective I’m by no means going to cease making an attempt to assist obtain, in no matter methods I can. I’m so completely satisfied to have Sir Lucian Grainge as a associate in these efforts.

I wish to specific by heartfelt due to Scott Borchetta for believing in me as a 14-year-old and for guiding me by means of over a decade work that I’ll at all times be so proud . I’m extraordinarily grateful to get to do what I really like, particularly with the individuals I’ve been lucky sufficient to work with. The neatest thing I’ve been fortunate sufficient to obtain is the dedication, belief, and loyalty the followers who’ve cared concerning the phrases and melodies I’ve written. My largest objective shifting ahead is to make you proud. I’m so excited. I can’t wait to indicate you what I’m making subsequent.

Love,
Taylor

George Clooney & Scarlett Johansson Top Forbes' Highest Paid Actors & Actresses List

Forbes has gathered a list the highest earning actors in Hollywood, and the list may surprise you a bit. The list honors earnings from June 1, 2017, to June 1, 2018. Of course, a couple Marvel stars make the top ten cut. Still, not many would have placed George Clooney as the number one earner. Clooney sold his Casamigos Tequila for $1 billion dollars, which give him an obvious boost. He earned a cool $239 million. 

Next in line is Dwayne Johnson, to nobody’s surprise. Johnson makes money f releasing endless content, so whether the movie is a blockbuster hit or not, the former wrestling star is raking in big bucks. He earned a nice $124 million. In third place is Iron Man himself, Robert Downey Jr., with $81 million based on his turn in Avengers: Infinity War and Spider-Man: Homecoming. Thor follows right behind Iron Man, as Chris Hemsworth takes fourth place with $64.5 million, with his checks for Ragnarok and Infinity War making up most that amount. Rounding out fifth place, surprisingly, is Jackie Chan, who made $45.5 million.

Will Smith ($42 million), Akshay Kumar ($40.5 million), Adam Sandler ($39.5 million thanks to Netflix), Salman Khan ($38.5 million), and Chris Evans ($34 million), finish out the top ten highest paid actors in the last year, respectively. For the highest paid actress, Scarlett Johansson sits at number one with $40.5 Million. Angelia Jolie ($28 Million), Jennifer Aniston ($19.5 million), Jennifer Lawrence ($18 million), and Reese Witherspoon ($16.5 million) round out the top five highest-paid actresses, respectively.

Birdman Accuses Lil Wayne's Manager Of Creating A Shell Company To Profit Off Drake

It seemed like everything was all good between Lil Wayne and Birdman, but apparently, the feud has yet to end. According to a new report by The Blast, Birdman is countersuing Aspire Music Group for skimming money from the lucrative pot that contains the revenue from Drake’s music. 

Aspire Music Group was created by Lil Wayne’s manager Cortez Bryant, and in 2017 the company sued Birdman, Cash Money Records, and Universal Music for not paying up when it came to Drake’s royalties. Aspire cited their discovery Drake, which constituted for a 1/3 share in the net prits the rap icon’s first six albums. The other two shares were split between Young Money and Cash Money. According to documents obtained by The Blast, Birdman is arguing that Aspire Music Group is a shell company that was created to help Cortez and Wayne make a larger cut the net prits. The documents allegedly state that “Aspire was simply a shell company,” and also that, “There was no business purpose to forming Aspire, other than to siphon prits out the joint venture and to divert those prits to Sweeney, Bryant, and Carter/ Young Money. Aspire never conducted any business other than getting Drake signed to a record label. Aspire has never signed, nor sought to sign, a single additional artist.”

Cash Money wants Aspire to drop their lawsuit against them. Birdman is also suing for fraud, aiding and abetting a breach fiduciary duty, and interference with contractual relations. Cash Money settled their lawsuit with Lil Wayne earlier this year, and this is a separate case with Aspire Music Group altogether. Neither Lil Wayne or Young Money are named as defendants in the countersuit, although Wayne’s involvement with Aspire and Cortez will undoubtedly bring him back into the case. 

 

 

Recording Artists Only Racked in 12% Of the $43 Billion Music Industry Last Year

 In 2017, recording artists only retained 12% the income produced by the music industry, a rather small slice $43 billion US Market. As soon as artists make it big, most the general public assume they’re rolling in cash, but the numbers don’t reflect this fantasy.

The total revenue actually represents a 12-year peak, a number that hadn’t been hit in over a decade. The revenue in 2017 was last matched by the efforts 2006.

Musicians’ share the loot rose from their earnings in 2000 when they only stacked 7%. Most this increase is being attributed to the rise in concerts and live performance tours, which usually fer a different kind split from earnings acquired through streaming. Artists still aren’t making big money from their music being streamed, since labels and other industry entities make a considerable dent before the cash even reaches them.

Bjorn Niclas, co-founder Choon, a cryptocurrency-based music streaming service, commented on the numbers.

If these stats are an improvement, it’s no wonder why artists are making a return to an indie route, even after making it big. 

Apple's Market Value Is Approaching A Trillion Dollars: Report

Apple is one the most trusted companies in the world. From their iPhones and iPads, to their laptops and accessories, the electronic and technology giant is one the most successful American companies ever. Many Americans have at least one piece Apple tech in their household, and the same can be said for residents European and Asian countries. According to CNN, all those Apple products are adding up to some massive economic gains for the company.

At the moment, Apple is worth $935 billion. If the company can impress investors and continue to increase their value, they will surpass the trillion dollar mark. If it does, Apple will be the first US company to pass the trillion dollar milestone. The company’s stock is up 12% this year because high sales the iPhone 8 and X. Warren Buffett is one the top investors in Apple. Buffett’s company Berkshire Hathaway purchased almost 75 million shares Apple earlier this year. 

Amazon, Google, and Microst all have a chance to beat Apple to the trillion dollar finish line. They are worth $870 billion, $845 billion, and $815 billion, respectively. Microst was expected to reach a trillion dollars in the late 90’s, before the tech bubble burst in 2000. 

Stevie J Sued By State Over 110K In Back Taxes From Love & Hip Hop Checks: Report

The state Georgia is reported to be taking legal action against Stevie J. The newly-wed man is facing legal repercussions for failing to pay taxes for 3 years. The state has yet to receive their cut from the celebrity’s income from his appearances on Love & Hip Hop: Atlanta. He has been featured in over 120 episodes the reality television show between 2012 and 2018. Stevie J was part the show’s original cast. 

Stevie is facing two tax liens totaling $110 507. The state Georgia accuses the reality television star failing to pay his taxes for the first three years his appearances on Love & Hip Hop: Atlanta, from 2012 to 2014. The original sum acquired $13,251 in interest over the years.

The state has many options in terms  taking measures to retrieve the money owed to them. Seizure property is one them. The accused has yet to make any ficial statement about the matter. He is most likely busy trying to sustain his honeymoon phase with his new wife, Faith Evans.

Stevie J is facing other financial issues as well. He recently agreed to pay $1.3 million in restitution for 2 his 5 children. The lawyer in the case said Stevie planned to use his income from reality television to cover the debt. 

Kylie Jenner Earns Up To $1 Million Per Instagram Post Crushing Other Celeb Earners

Kylie Jenner is snapping her way to the top, in terms financial wealth. The reality television star has become a top earner on Instagram. Her fellow celebrities trail behind her earning potential by a few 100 thousands dollars.

Jenner can earn up to $1 Million per IG post while her runnerup, Selena Gomez, can rake in $800 000. Gomez had topped her fellow celebrity influencers last year, including her ex-boyfriend Justin Bieber who came in 2nd.

Soccer player Christiano Ronaldo comes in third with his potential to earn up to $750 000 for every promotional post. Then comes Jenner’s sister Kim Kardashian West. The mother three can make 720 000 for an upload. As for Beyonce, who comes in 5th place, a paid post can line her pockets with $700 000.

These social media influencers have confirmed their fees, although these stats were acquired through HopperHQ.com.

It is no surprise that Kylie tops Instagram’s Rich List this year considering the fact that her cosmetics brand was built on the social media platform. Her success has been so great that the star was featured on Forbes magazine as a beauty mogul. She had clearly surpassed her siblings in terms financial success and seems to be on the way to eclipsing many her other peers. 

"Fortnite" Has Earned Over $1 Billion: Report

Fortnite is more than a video game at this point. Epic Games’ title has become a cultural phenomenon. The battle royale styled game is free-to-play, but that hasn’t stopped Epic Games from swimming in money. Micro-transactions that power the Battle Pass and Fortnite seasons keep gamers spending money. So much money in fact, that Fortnite has become one the most lucrative video games all time. 

According to a new study conducted by research firm SuperData, Fortnite has amassed over $1 billion since it was released last year. The study centers around the emergence battle royale styled games, and how they have come to dominate the streaming market. Fortnite is the number one streamed game in the world by far, which has led Epic Games to start their own eSports league. SuperData predicts that the battle royale market revenue will increase 625% by next year when games like Call Duty: Black Op 4 drop (COD has implemented battle royale style games into their newest title). 

Fortnite has recently begun its fifth season, which was ushered in by a rocket launch that tore a portal in the video game’s reality. A chunk the map has since been converted into a desert. 

Adidas Sold $60 Million Worth Of Cristiano Ronaldo Jerseys In 24 Hour Period

To say Ronaldo-Mania has hit the banks Italy would be an understatement. Adidas who has designed the Juventus kit for some time now, has reported that over 520,000 jerseys have been sold in a 24 period through their online shop. Business Insider has spared us the mental arithmetic, calculating $62.4 million in total sales at a cost $120 per tunic.

In other words, Juventus has recouped nearly half the transfer fee they paid to secure his services from Real Madrid. The final number both clubs agreed upon is believed to have been £99.2 million or roughly $129.3 million. Unfortunately since soccer clubs only rake in 10-15% (negotiated rate) revenue generate from jersey sales, Juventus will only see between $6 and 9 million that frenzied spending spree.

While Adidas is the kit sponsor for Juventus and countless other clubs (including Real Madrid), Cristiano Ronaldo is signed to an endorsement deal with Nike, and is thereby contractually obliged to wear his sponsors’ cleats on the field play.

And yet, Juventus is still reeling from having signed a player his magnitude. Not even club legend Pavel Nedved was welcomed with this much excitement. Enjoy it while it lasts Juventus fans. In total, £230,00 Million has been dispensed by high level soccer clubs that acquired his services, names that include Real Madrid, Juventus and Manchester United.

Universal Music UK Revenues Jump 9% In 2017 – Digital Music News

Universal Music UK reported 2017 revenues $458.55 million (£344.3 million), a year-on-year increase 8.8%.

The gross prit Universal Music Operations Ltd stood at $142.33 million (£106.9 million) for the year, up 12.3 percent on 2016.  After distribution costs and administrative expenses, the firm’s annual operating prit hit £10.6 million in 2017, which is a huge jump (+999%) on the $1.28 million (£964,000) operating prit posted in the year before.

Universal Music Group increased revenues by 10% over the same period.  The streaming boom is prompting parent company Vivendi to very seriously consider an IPO.

According to the UK company’s strategic report, “This growth was driven by increased demand for steaming services, as well as the timing new releases.” Universal Music UK added that the outlook was “positive” as a result continued growth in streaming.

Universal Music Operations Ltd generated $251.38 million (£188.8 million) from product sales in 2017, up 11.7% year-on-year. It also generated $207 million (£155.5 million) from royalties, up 5.5% year-on-year.

David Joseph, Universal Music UK and Ireland chairman/CEO, has recently overseen a new strategy for the company’s international division.

The majority (70.3%) the label’s revenues in 2017 were derived in the UK ($322.34 million £242.1 million]), with 11.8% coming in the USA ($54.19 million £40.7 million]).

The financial statement for 2017 revealed that Universal spent a total $20.9 million (£15.7 million) for controlling stakes in companies including dance label All Around The World, Strange Music (now RG2016), Stiff Records and ZTT.  The company owns a 50% share in Rick Rubin’s Def American ltd, better known as American Recordings.

$3.3 million (£2.48 million) this money was deferred and is due to be paid in three equal installments over the next three years.

On December 31st, 2017, the company had contractual commitments  for artist advances $46,419,860.14 (£34,864,324) (2016 — $46,998,606.46 £35,299,000]), which $12,550,264.27 (£9,426,062) (2016 — $27,076,224.85 £20,336,000]) relates to the current (FY2018) financial year.

You can view the entire, detailed financial summary here.