Business
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Bill Ackman, whose hedge fund Pershing Square Capital has been among Universal Music Group’s largest investors, said he will resign from his seat on UMG’s board of directors effective Wednesday “due to new executive and board obligations arising from his recent investments,” according to a company statement. In a brief announcement posted Wednesday hours ahead […]
Halle Bailey has been granted a restraining order against DDG, her ex-boyfriend and the father of her 1-year-old son, Billboard can confirm.
TMZ was first to report Tuesday (May 13) that the 25-year-old singer/actress had filed a police report against the 27-year-old streamer and rapper and requested court-ordered protection, claiming he had attacked her multiple times.
In court documents obtained by Billboard, Bailey alleged “things got physical” starting in January, when DDG (real name Darryl Dwayne Granberry Jr.) came over to pick up their then-13-month-old son Halo and she initiated a conversation about scheduling his visits.
Bailey claims that as she was buckling Halo into his car seat in the back of Granberry’s car, he yelled, “Get out of my car, bi—.” At that point, she alleges, Halo started crying, making her nervous to leave the baby with him in his agitated state. When she stayed in the car, she alleges that Granberry pulled her hair, slammed her face on the steering wheel and chipped her tooth. After they arrived at Granberry’s family’s house, Bailey says she told his family what happened and left the baby with them.
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Bailey attached photos of her alleged injuries, including her chipped tooth, to the restraining order request.
In the docs, Bailey went on to detail two more alleged incidents of abuse: one in March, which she says she filed a police report over, and one this past weekend, when she says Granberry accused her of vacationing with Brent Faiyaz in a series of texts while she was on a Mother’s Day trip with their son and her mother.
Granberry announced the couple had split in October 2024, ending their two-year relationship.
“This decision was not easy, but we believe it’s the best path forward for both of us. I cherish the time we’ve spent together and the love we’ve shared,” he wrote on his Instagram Story at the time. The following month, Bailey shared in a since-deleted X post that she felt “extremely upset” when Granberry brought Halo with him during an “unapproved” appearance on Kai Cenat’s live stream. She later backpedaled, writing, “maybe i did overreact…. i know that halo is always safe with his dad. i just don’t like finding out with the rest of the world what my baby is doing.”
Shortly after those tweets, Granberry came to Bailey’s defense in a YouTube video in which he implored negative commenters to leave her alone, citing her transparency over her struggles with postpartum depression. “When situations like this happen, I try to handle it with as much grace as possible because Halo needs her. I need her,” he said at the time. “We need each other to try to create a childhood that’s safe, fun and memorable for him.” But in March, Granberry aired his grievances over their custody issues in a song titled “Don’t Take My Son.”
In the restraining order request, Bailey also requested permission to take Halo with her while she travels to Italy to film a movie, where she will have family and a traveling nanny to help care for him. She also asked the judge for a cease-and-desist order to prevent Granberry from “posting and/or streaming on any and all platforms about Halo and/or me. He is a YouTube and Twitch Blogger and creates a fan frenzy by making false claims about me. This has caused me to feel afraid and victimized. His fans then threaten me. I am often scared for my life and Halo’s safety.”
A hearing has been set for June 4 over whether a more permanent restraining order should be put in place.
Representatives for Bailey and Granberry did not immediately respond to Billboard‘s requests for comment.
Author Jillian Lauren, the wife of Weezer bassist Scott Shriner, has been officially charged with two felony counts following a bizarre shootout with police at her Los Angeles home in April. Lauren, whose full name is Jillian Lauren Shriner, pled not guilty during a Tuesday (May 13) court hearing to the charges: discharge of a […]
Live Nation has agreed to a long-term lease for a 5,000-seat venue in downtown Atlanta that will be part of a development around the Mercedes-Benz Stadium and State Farm Arena.
Centennial Yards is described by CIM, the developer that has partnered with the City of Atlanta, as a “mixed-used community featuring residential units, retail and entertainment establishments, community gathering spaces and more.” The 50-acre site is expected to have a $5 billion price tag. In addition to the music venue, it will include a 14-story hotel, a two-story food and beverage hall and a Cosm entertainment venue. The development already includes a brewery, loft residences and a 500-foot pedestrian bridge.
Live Nation’s involvement with the development was first reported by The Wall Street Journal.
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Concert venues are increasingly popular properties in urban developments centered around the venues of professional sports teams. Mercedes-Benz Stadium has been the home of the Atlanta Falcons since 2017. The Atlanta Hawks basketball team plays at State Farm Arena.
“Every owner of a major sports team that wants to have their new building is not just building a building anymore,” Live Nation president/CFO Joe Berchtold said at the J.P. Morgan Global Technology, Media and Communications Conference on Tuesday (May 13). “They’re building an entertainment district around it.”
Centennial Yards is the latest example of concert promoters taking part in developments that aim to revitalize urban areas. Downtown Nashville’s The Pinnacle, a 4,500-capacity music venue operated by AEG Presents, is part of Nashville Yards, owned by real estate developer Southwest Value Partners. Nashville Yards also houses AEG Presents’ regional offices, CAA and, starting in July, Messina Touring Group.
Another massive multi-purpose project getting underway is RFK Stadium in Washington, D.C. The development currently includes a food hall, a skate park and festival grounds that hosts music festivals and other large gatherings. Berchtold said at the conference that he was in D.C. last week but didn’t mention the RFK project.
Leasing a mid-sized venue in Atlanta will add to Live Nation’s portfolio of venues under its Venue Nation business segment. Venue Nation plans to open 20 additional venues globally in 2025, which it believes will add 7 million incremental fans annually. As of the end of 2024, Live Nation leased 222 venues, owned 32 and operated 67. It has the exclusive booking rights to another 69 venues and owns an equity stake in 4.
A federal appeals court has kept in place an injunction blocking Florida from enforcing a law that would restrict drag shows in the state, saying the statute likely interferes with First Amendment-protected free speech.
In a lengthy opinion released Tuesday (May 13), two out of three judges on a panel for the Eleventh Circuit Court of Appeals upheld a district court injunction that bars Florida from enforcing its so-called Protection of Children Act. The statute aimed to prohibit children from attending “lewd” live performances at restaurants and bars, with Governor Ron DeSantis and state lawmakers singling out drag shows in public statements on the law.
A Florida federal judge sided with restaurant chain Hamburger Mary’s in 2023, finding that the law is overly broad and thus tramples on free speech. And in Tuesday’s ruling, two appellate judges — Robin S. Rosenbaum and Nancy G. Abudu — agreed.
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“By providing only vague guidance as to which performances it prohibits, the act wields a shotgun when the First Amendment allows a scalpel at most,” wrote Judge Rosenbaum for the majority.
Tuesday’s ruling means the 2023 injunction will remain in effect for now, and Florida cannot enforce this law while the Hamburger Mary’s lawsuit continues. Discovery has concluded in the case, though a trial date has not been set.
“Obviously, we’re thrilled that the injunction is going to remain in place for the duration of this litigation,” Melissa Stewart, an attorney for Hamburger Mary’s, tells Billboard. “That means that the citizens of Florida will have their First Amendment rights while we finish litigating this case.”
Representatives for the state of Florida did not immediately return requests for comment.
First Amendment law allows governments to restrict “obscene” speech, but only when that speech encompasses “patently offensive” sexual material that appeals to a “prurient interest” and lacks serious artistic or political value.
The Eleventh Circuit majority says that because the Florida law targets an undefined mass of “lewd” shows, it could be used to squash all kinds of constitutionally-protected speech that does not meet the strict “obscenity” standard.
The opinion notes, for example, that a Florida enforcement agency previously revoked one venue’s liquor license after deeming “lewd” a performance in which a drag artist known as “Jimbo” mimicked giving birth to a pile of baloney.
The majority says that while Jimbo’s performance is a “bit odd (and hammy in every sense of the word),” it “cannot be deemed ‘obscene.’”
“One of the act’s sponsors’ stated intent to target ‘Drag Queen Story Time’ also helps show the potential breadth of a term like ‘lewd conduct,’” Judge Rosenbaum wrote. “Of course, one legislator’s interpretation of the act does not an authoritative construction make. But it does betray how much protected speech may fall within the act’s [scope].”
Judge Gerald Bard Tjoflat of the Eleventh Circuit disagreed, writing in a dissent that the majority opinion is wrong because it “reads the statute in the broadest possible way.”
Even if Florida’s statute is unclear, Judge Tjoflat continued, the proper remedy would be to ask the Florida Supreme Court to step in and offer an analysis rather than block enforcement completely.
Florida is among a number of red states that have enacted legislation restricting drag performances in recent years. A similar Tennessee law was also blocked by a judge in 2023, though the Sixth Circuit Court of Appeals reinstated it a year later.
Universal Music Group (UMG) announced a new project with Apple Music on Tuesday (May 13) “to help listeners attain clearer focus, deeper relaxation, and better sleep,” according to a press release. The initiative, called Sound Therapy, takes songs listeners are already familiar with — including tracks from Imagine Dragons, Katy Perry, Kacey Musgraves, Jhené Aiko, […]
Sean “Diddy” Combs’ ex-girlfriend Cassie Ventura took the witness stand Tuesday (May 13) at the rap mogul’s sex trafficking trial, telling jurors that Combs “controlled a lot of my life” and subjected her to repeated “physical abuse.”
Ventura, an R&B singer who dated Combs for 11 years, is at the very center of the case against him — in which prosecutors say the superstar used his music empire “feed his every desire,” including by forcing Ventura and other women to have sex with male escorts — events allegedly known as “freak offs.”
Just a day after the trial began, Ventura took the witness stand to tell jurors she felt she had no choice but to participate in those sexual encounters — at times because she was in love with Combs and wanted to please him, but also because she feared blackmail, physical violence and other blowback.
“Sean controlled a lot of my life, whether it was career, the way I dressed — everything,” Ventura, visibly pregnant with her third child, testified. “I just didn’t have much say in it at the time.”
Sometimes emotional, Ventura testified that “violent arguments” with Combs “too often” led to “physical abuse” that included him punching, kicking and dragging her. She also offered more details about the freak offs, including that some lasted days: “The freak offs became a job,” she said, “where there wasn’t any space to do anything else but to recover and just try to feel like normal again.”
Combs was indicted in September, charged with running a sprawling criminal operation aimed at facilitating the elaborate freak offs, in which Combs and others would allegedly ply Ventura and other victims with drugs and then coerce them into having sex with escorts while he masturbated. Prosecutors also claim the star and his associates used violence, money and blackmail to keep victims silent and under his control.
It was Ventura’s civil lawsuit, filed in November 2023, that first raised those allegations against Diddy. Her case, which accused the star of rape and years of physical abuse, was quickly settled with a large payment from Combs, but it sparked a flood of additional suits from other alleged victims and set into motion the criminal probe that led to his indictment.
Once one of the music industry’s most powerful men, Combs is formally accused in the case of racketeering conspiracy (a so-called RICO charge), sex trafficking and violating a federal prostitution statute. If convicted on all of the charges, he faces a potential life prison sentence.
The trial, expected to last two months, kicked off Monday (May 12) with opening statements, during which prosecutors told jurors that Combs and his associates used “coercive and criminal” conduct to make the freak offs happen: “For twenty years, the defendant, with the help of his trusted inner circle, committed crime after crime,” prosecutor Emily A. Johnson told the jury. Prosecutors also quickly played a 2016 surveillance video of Combs beating Ventura at a Los Angeles hotel.
When it was their turn, defense attorneys told jurors that Ventura and other victims had consensually taken part in the sex parties. They admitted that Diddy committed domestic violence during “toxic” relationships with the women and that he certainly had unusual sexual preferences, but said those did not amount to racketeering or sex trafficking: “Sean Combs is a complicated man, but this is not a complicated case,” said defense attorney Teny Geragos.
Following Tuesday morning’s testimony, Ventura is expected to testify more in the afternoon and for several days after that. When prosecutors are finished questioning her, Combs’ attorneys will have a chance to cross-examine her. They will likely seek to cast doubt on her credibility and portray her as a willing participant in the freak offs.
After Ventura’s testimony is complete, prosecutors will continue to call other witnesses, including a second alleged freak off victim identified by the pseudonym “Jane” and an alleged employee victim identified by the pseudonym “Mia.”
Taylor Swift’s longtime lawyers are asking a court to throw out a subpoena they were served by Justin Baldoni in his feud with Blake Lively over the movie It Ends With Us, just a few days after Swift’s own reps slammed Baldoni for targeting the pop star with a similar subpoena.
The Washington, D.C.-based law firm Venable, which has represented Swift for more than a decade, revealed in a Monday (May 12) motion that Baldoni’s lawyers served it with a subpoena on April 29 seeking all communications between the firm on one side and Lively, the actress’ husband Ryan Reynolds and/or their attorney Michael Gottlieb on the other.
The subpoena specifically name-drops Douglas Baldridge, a Venable partner who’s worked with Swift since 2013 and recently returned to the firm after a stint as general counsel at her company, 13 Management.
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“Venable had nothing to do with the film at issue or any of the claims or defenses asserted in the underlying lawsuit,” wrote the firm in a so-called motion to quash, which, if granted, would throw out the document request. “There is no reason for this subpoena other than to distract from the facts of the case and impose undue burden and expense on a non-party.”
The law firm described Baldoni’s subpoena as a “fishing expedition,” noting that “even if Venable were somehow involved (again, it is not),” the documents that Baldoni seeks should be sourced from Lively and Reynolds themselves. The actor power couple is supporting Venable in its quest to throw out Baldoni’s subpoena, calling it an “abuse of the discovery process” in a court filing on Tuesday (May 13).
Revelations of the Venable subpoena come just a few days after Swift’s representatives confirmed that she, too, had been served with a document request in the Baldoni-Lively feud. Mirroring the language in Venable’s motion, a representative for Swift said she had no involvement in It Ends With Us and slammed the subpoena as “designed to use Taylor Swift’s name to draw public interest by creating tabloid clickbait instead of focusing on the facts of the case.”Venable did not immediately return a request for comment, nor did reps for Swift, Lively, Reynolds or Baldoni.
The It Ends With Us legal battle began when Lively launched bombshell claims in December, alleging that Baldoni, her co-star and director on the movie released last summer, sexually harassed her on set and then orchestrated a public relations smear campaign to retaliate against her after she complained.
Baldoni vehemently denied the claims and countersued Lively for defamation and other wrongdoing in January. Baldoni’s suit said Lively leveraged her close relationship with a “megacelebrity friend,” presumed to be Swift, to take control of the movie.
The Baldoni filing includes text messages concerning an alleged meeting attended by “Ryan and Taylor,” seemingly referencing Reynolds and Swift. In one message sent by Lively, the actress called Swift and Reynolds her “most trusted partners” and compared them to the “dragons” in the show Game of Thrones.
“The message could not have been clearer,” Baldoni’s lawyers wrote in the countersuit. “Baldoni was not just dealing with Lively. He was also facing Lively’s ‘dragons,’ two of the most influential and wealthy celebrities in the world, who were not afraid to make things very difficult for him.”
Chinese streaming platform Tencent Music Entertainment grew its stake in the world’s largest music company, Universal Music Group (UMG), by picking up a direct 2% equity holding worth $327 million in March, the company said on Tuesday (May 13).
While it did not identify the seller — described in Tuesday’s filings only as “one of our associates” — Pershing Square sold 50 million shares of UMG on March 13, raising about $1.3 billion, according to filings and research reports. Tencent Music and Pershing Square did not immediately respond to requests for comment.
The news means that Tencent Music and UMG each own notable stakes in each other’s companies, as UMG owns a 0.79% stake in TME as of Dec. 31 that’s currently worth $181.2 million.
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Tencent Music has been an investor in UMG since March 2020, when it joined a consortium of investors led by its parent company, Tencent Holdings. That consortium accumulated a 20% stake in UMG from UMG’s parent company, Vivendi S.A., between 2020 and 2021, of which Tencent Music owned a 10% share, according to filings.
This March, that consortium “completed a transfer of the UMG shares held by the consortium to its members,” which resulted in Tencent Music acquiring a direct 2% equity interest in UMG, according to its annual report.
Tencent Music, which reported first-quarter revenue of 7.36 billion Chinese yuan ($1.01 billion) on Tuesday, recognized “other gains” worth 2.44 billion Chinese yuan (US$336 million), of which the UMG stock comprised 2.37 billion Chinese yuan (US$327 million), according to filings.
Pershing Square has been an investor in UMG since 2021, and though the mid-March stock sale reduced its stake in UMG to 4.9% from 7.6%, the music company remains the hedge fund’s largest single holding, comprising 17% of its capital.
The sale came ahead of Pershing Square’s plan to register its UMG shares in the United States in September. Pershing Square head and UMG board member Bill Ackman has advocated for the company to move its primary listing from the Euronext Amsterdam stock exchange to a U.S.-based exchange, saying it would add value for the company.
In a year filled with economic uncertainty and instability, iHeartMedia is seeing “generally stable ad spend,” CEO Bob Pittman said during the company’s first quarter earnings call on Monday (May 12).
The radio and podcasting giant had first-quarter revenue of $807 million, up 1.0% from the prior-year period. Excluding political advertising, which was boosted by the 2024 elections, revenue increased 1.8%.
The multi-platform segment, which includes broadcast stations, had revenue of $473 million, down 4%. But Pittman expressed cautious optimism that radio advertisers are remaining with the format. Premiere Radio Networks, which represents national advertising, was up 2% in the quarter. “I think that’s sort of an indication that the bigger advertisers are hanging in there,” he said.
The 1% revenue uptick was a positive for a company that stood to bear the brunt of an advertising slowdown due to U.S. tariff policy. Analysts had expected revenue to decline 1.6% to $786 million.
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iHeartMedia is increasingly a podcast company, and the digital audio group continued to be a growth source. In digital, revenue rose 16% to $277 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) improved 28% to $87 million. The company had a unique podcast audience of 32.7 million and 177 million streams and downloads in March — both No. 1 in the U.S., according to Podtrack.
“We’re beginning to feel the flywheel effect of being the strong number one in podcast publishing. Our podcasting financial discipline and our focus on the high-margin podcast publishing sector continue to fuel what we believe is the most profitable podcasting business in the United States and to accelerate our growth,” said Pittman.
The audio and media division’s revenue fell 14% to $59.3 million due primarily to non-recurring contract termination fees earned by Katz Media last year. The segment’s adjusted EBITDA dropped 33% to $15.8 million.
The company expects its second quarter consolidated revenue to be down in the low single digits compared to the same period last year. April “pacing” was down 2% year over year, according to CFO Rich Bressler. For iHeartMedia to hit its full-year guidance and avoid a possible down advertising market, Bressler added, the company will need “some positive movement in the macro [environment] and improvement to the uncertainty in the back half of the year.”
Shares of iHeartMedia jumped 19.3% to $1.54 in early trading Tuesday (May 13) but had fallen to $1.22, down 5.4%, by midday.