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German Producer Launches Eurovision Song Contest Replacement Show

European fans of spandex, spangles and pop kitsch will not be denied. Just two weeks after the cancellation of the 2020 Eurovision Song Contest, the wildly popular pan-European singing competition, German production group Brainpool has come up with a replacement show. The Free European Song Contest, which Brainpool will produce for German network ProSieben, will...

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Stray Kids Send ‘SKZ2020′ Compilation to World Albums Chart

The boy band also land their new mixtape track to the World Digital Song Sales chart. Stray Kids make their first splashes on the charts this year with a compilation album and a new mixtape track. The boy band sends their newly-released SKZ2020 album — that includes 24 previously-released tracks recorded with their current eight-member...

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From ‘Bad Influence’ to K-Pop Fame Decades Later: Yang Joon-il on His Comeback & G-Dragon Comparisons

“There was a severe split between the people who liked me and the people who really disliked me.” While the K-pop industry has long touted a more wholesome image than its western counterparts, there were still rebels even in its earliest days — namely Yang Joon-il, who was a divisive pop star during his initial...

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BMG Owner Bertelsmann Wraps 100% Takeover of Penguin Random House

GUETERSLOH – Bertelsmann now owns 100% of shares in Penguin Random House, the world’s largest trade publishing group. The media conglomerate, which owns music company BMG, had needed regulatory approvals in able to complete its purchase of the remaining 25% of PRH from rival Pearson. Penguin Random House is home to around 320 individual book...

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Mike Smith Stands Down As Warner Chappell UK Managing Director

LONDON — Mike Smith is standing down as managing director of Warner Chappell U.K. with immediate effect. The widely-respected exec said “family reasons” were behind his surprise exit from the publisher. “My time at Warner Chappell has been hugely rewarding and I want to thank all of my colleagues around the world, and the amazing...

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Spain’s Recording Industry Facing 100M Euro Loss Due to Coronavirus

Spain’s music boom “did not last long,” laments industry association Promusicae’s Antonio Guisasola. BARCELONA — Spain’s recording industry will suffer a direct hit of at least 100 million euros ($109 million) in losses due to the coronavirus outbreak, according to Spanish industry association Promusicae. The dire prediction comes in the face of news that recorded...

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K-Pop Star Jaejoong Apologizes After Coronavirus April Fool’s Day Joke

South Korean singer Kim Jae-joong, known mononymously as Jaejoong, has apologized after falsely taking to social media on April Fool’s Day to say he was diagnosed with the COVID-19 disease caused by the coronavirus that has caused a worldwide pandemic. On April 1, in the afternoon in South Korea, Jaejoong shared a post on Instagram,...

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Big Hit Entertainment, Home to BTS, Generated Record $500M In Revenue Last Year

Big Hit Entertainment, the South Korean company behind BTS, had its biggest year ever in 2019, the company announced in a statement on Tuesday (March 31). According to the statement, which referenced its 2019 auditor’s report, last year witnessed Big Hit’s best year to date, with a revenue flow of 587.2 billion South Korean won,...

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Vivendi Wraps $3.3 Billion Sale of 10% UMG Stake to Tencent-Led Consortium

French entertainment and telecom conglomerate Vivendi said Tuesday that it has closed its sale of a 10 percent stake in Universal Music Group to a consortium led by Chinese online giant Tencent. It confirmed the deal was based on an enterprise value of €30 billion, or $33 billion at current exchange rates, compared with $33.6...

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5 Seconds of Summer’s ‘CALM’ Leads U.K. Midweek Albums Chart

There’s a battle brewing for the U.K. albums chart crown, with 5 Seconds of Summer’s CALM (Interscope) taking an early victory over Dua Lipa’s Future Nostalgia (Warner Records). 5SOS’ fourth studio album is No. 1 on the Official Chart Update, and opens up a lead of almost 7,000 chart sales over Dua Lipa’s second-placed set....

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