Also this week: Derek “Drex” Jancar wins Billboard Canada's Impact Award, and the first-ever Canadian edition of Billboard Managers to Watch is announced.
Other recent music deals include Cherry Red Records' acquisition of Dome Records, a partnership between rock labels Equal Vision and kill iconic records, and more.
Grenell was named acting president of the Kennedy Center after the Trump administration fired Deborah F. Rutter in February.
Live Nation has confirmed that it’s under investigation by the Department of Justice, but denies that it illegally colluded with AEG or anyone else.
Fans will have the opportunity to see shows by artists including Halsey, Avril Lavigne, Kesha, Nelly, The Offspring and more for $30 all-in.
The venue will be part of Centennial Yards, a mixed-use development being built around Mercedes-Benz Stadium and State Farm Arena.
Universal Music Group, Spotify, Live Nation and Deezer also posted gains following their quarterly earnings reports.
Despite an uncertain economic climate, CEOs across the business are expressing confidence in music’s ability to endure even as other industries suffer.
With gains in event-related deferred revenue and tickets sold for future events, Live Nation expects a double-digit increase in adjusted operating income in 2025.
Labels, live businesses and streaming companies’ stocks are mostly living up to music’s reputation as a sturdy investment option in down times. Radio is another story.
