The Billboard Global Music Index fell 0.1% to 1,697.90, marking the first two-week decline since dropping three straight weeks in October 2023.
This week's most important music industry stories in Canada.
Also this week: Warner Records hires a Nashville-based vp of A&R, Audacy eliminates an svp-level digital role and Outback presents a new vp of booking.
Steven Mnuchin revealed his plans after the House passed a bill that would potentially ban the app in the United States.
The company gave over $150 million to anti-hate groups from Yeezy sales last year, though North American revenue dropped 16% in part due to "negative Yeezy impact."
The company said it expects strength in paid streaming and a resurgence in ad-supported streaming to push organic growth over 20% in 2024.
The worth of the company’s catalog was cut by 26% last week, confirming many investors’ suspicions that previous valuations had overshot the mark.
A conditional ban of the China-based app — which opponents call a "steep and slippery slope" — now goes to the Senate for consideration.
Legislators first proposed regulating AI in 2021, although it was ChatGPT and the “Heart on My Sleeve” controversy that made many execs pay closer attention to the tech’s potential impact.
Luminate changed the way it tracks physical sales, and some stores stopped reporting them. Here's the story behind the numbers.