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SiriusXM CEO Expects Self-Pay Subscriber Gains in Second Quarter

SiriusXM expects to grow its self-pay subscriber base in the current second quarter despite headwinds from the novel coronavirus pandemic, CEO Jim Meyer said on Thursday during the audio entertainment giant’s virtual annual shareholder meeting. He said he expects self-pay subscriber additions for the quarter to be “positive,” while analysts have recently estimated self-pay subscriber...

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Warner Hits Wall Street: Six Reasons Why WMG’s IPO Matters (Or Doesn’t)

Warner Music Group’s IPO, delayed by the coronavirus pandemic and overshadowed by nationwide protests, made a big splash on the Nasdaq stock exchange on Wednesday, rising over 20% from the IPO price and giving music a brief spotlight on Wall Street. Warner’s owner, Access Industries, floated 70 million of 510 million shares outstanding at $25...

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Artists Urge Music Companies to Donate to Fight Racial Injustice: Here Are the Ones That Have

Donations are just one part of the multi-faceted approach needed to fight systemic racism. But these music companies are putting their money where their mouth is. This week dozens of music companies participated in “Black Out Tuesday,” an initiative created by two black music executives to spark productive conversations about how to support the black...

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It’s Time to Lift Every Voice: Black Music Month Arrives at a Crucial Turning Point

Tracing the fight for racial equality through black music’s rich legacy. When 12-year-old singer Keedron Bryant lifted his voice to poignantly decry the senseless murder of George Floyd in a May 29 Instagram post that’s since drawn nearly 3 million views, the pre-teen joined the countless voices that have been fighting to end racism for...

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LAMC Announces the Wonder Women of Latin Music ‘Class of 2020′

In honor of the women who have helped push Latin music and culture forward and take it to a global level, the Latin Alternative Music Conference will recognize a group of leading female executives in their inaugural Wonder Women of Latin Music during this year’s virtual conference. Presented by Amazon Music, the class of 2020...

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Detroit Institute of Music Education to Close Its Doors After Six Years

Founders Sarah Clayman and Kevin Nixon say DIME was forced to shutter operations after MSU Denver unexpectedly terminated its partnership agreement with the university. The Detroit Institute of Music Education (DIME) is permanently closing its doors after six years in operation, the school has announced. In a statement released Wednesday, DIME founders Sarah Clayman and...

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Judge Denies Cox Communications’ Appeal Bid in $1B Copyright Case

The cable and internet service provider will be allowed to “recalculate” the number of infringed works tallied by the jury, but a request for a new trial was rejected. In February, Cox Communications filed an appeal to the $1 billion copyright infringement lawsuit it lost last year to major labels and publishers, claiming the total was “grossly excessive.”...

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Neumos in Seattle, in a Pandemic: If Indie Venues Don’t Make It ‘There Is No Touring’

Steven Severin, co-owner of Neumos in Seattle, says some venues are having to choose between public safety and losing their rooms forever. As co-owner of Seattle’s popular independent venue Neumos in Capitol Hill, Steven Severin has been a staple in the Seattle music industry for more than 20 years. Roughly 10 years ago, he helped create the...

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VF7’s First-Ever Concert Will Be a Livestream From El Coliseo de Puerto Rico

Reggasetón rising singer VF7 (real name: Valeria Fernández) will offer her first-ever concert, one without an audience, at Puerto Rico’s El Coliseo de Puerto Rico June 19. As part of El Colseo’s “Quarantine Live Concerts Series,” the teen’s virtual show, live from the island’s biggest venue, follows Rauw Alejandro’s livestream from El Coliseo on May 16...

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Warner Music Group Sets IPO Price for Biggest U.S. Stock Launch of 2020

Warner Music Group is expected to officially begin trading later this morning on the Nasdaq exchange with its initial public offering carrying a $25 per-share price, which means that the company is realizing an equation valuation of $12.75 billion. That will make it the largest stock offering so far this year, and according to press reports...

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