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Keep up with the latest industry news within both the indie music scene as well as major label news. We’re here to keep you up-to-date on what you need to know.
After a year of no concerts or festivals, nearly non-existent revenues have become the norm for concert giant Live Nation Entertainment’s quarterly reports. On Thursday afternoon, Live Nation posted figures for the first quarter of 2021 similar to those of the past three — with the company reporting a 79 percent drop in year-over-year Q1 revenue.
TIDAL is now majority-owned by Jack Dorsey’s Square, after a deal was reportedly finalized between Dorsey and Shawn ‘Jay-Z’ Carter on Friday (April 30).
Both Jay-Z and Roc Nation CEO Desiree Perez are expected to stay on the TIDAL board following the Square buy, reports TMZ.
Since the advent of the genre in the ‘80s and early ‘90s, the standard trajectory for signed indie-rock bands has been to release an album, tour on it for roughly two years, release another album, repeat. In the industry, this is known as the two-year album cycle, a model that’s ostensibly designed to maximize the impact (and profits) of a sole record by having an artist promote it for the time it takes them to exhaustively gig throughout their markets.
