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Ticket sales for Beyoncé’s Cowboy Carter Tour are off to a galloping start. Barely a month after pre-sales began and with six weeks until opening night, the world tour is at 94% capacity across all dates, according to new stats from promoter Live Nation. The Cowboy Carter Tour was announced on Feb. 3 with 22 […]
Sean “Diddy” Combs returned to federal court in New York City on Friday (March 14), pleading not guilty to the latest version of an indictment charging him with two decades of sex trafficking crimes.
The 55-year-old Combs, his beard noticeably grayer than even weeks ago, stood with his hands folded before him as he told Judge Arun Subramanian that he had read the indictment and understood the charges against him.
Combs, who has been held without bail since his September arrest, hugged two of his lawyers as he entered the courtroom and he blew kisses to family members and waved as he was led out by U.S. marshals afterward.
Subramanian told lawyers that questionnaires will be distributed to hundreds of prospective jurors at the end of April so that questioning of would-be jurors can begin on May 5, with opening statements expected to occur on May 12.
According to the indictment, Combs used the “power and prestige” he wielded as a music mogul to intimidate, threaten and lure women into his orbit, often under the pretense of a romantic relationship.
The indictment said he then used force, threats and coercion to cause victims, including three women specified in the court papers, to engage in commercial sex acts.
It said he subjected his victims to violence, threats of violence, threats of financial and reputational harm and verbal abuse.
“On multiple occasions, Combs threw both objects and people, as well as hit, dragged, choked and shoved others,” it said. “On one occasion, Combs dangled a victim over an apartment balcony.”
Defense lawyers have argued that prosecutors used the charges to try to demonize sex acts between consenting adults.
Part of the discussion in court Friday revolved around what will be allowed at the trial regarding a video that aired on CNN last year that showed Combs punching his former protege and girlfriend, the R&B singer Cassie, and throwing her on the floor in a hotel hallway.
Assistant U.S. Attorney Mitzi Steiner said the video was “critical to the case.”
Defense attorney Marc Agnifilo said the video was “deceptive and not in accordance with the actions that took place.”
He said certain actions were speeded up in the video by as much as 50% and others were taken out of order.
“From the defense standpoint, it’s a misleading piece of evidence, a deceptive piece of evidence, a piece of evidence that has been changed,” he said.
Steiner also said the government was reluctant to share information about accusers who may testify in the case with defense lawyers until deadlines arrive that require the information to be turned over.
She said many of the “individuals are incredibly frightened” not only at having their names revealed publicly but having them disclosed to defense attorneys.
The music business has earned a reputation for being recession-proof. In bad economic times, people still pay for their music subscription services and want to go to concerts. Some synch opportunities may dry up as advertisers make cutbacks, but overall, the music is a hearty business that doesn’t follow typical economic cycles.
Music business stocks, however, aren’t immune to fluctuations in the market and investors’ worries about the increasingly fragile state of the economy. This week, just three of the 20 companies on the Billboard Global Music Index (BGMI) finished with gains, and five stocks had losses in excess of 10%. Despite a host of strong quarterly earnings results in recent weeks, President Donald Trump’s tariffs on goods from Canada, Mexico, China and Europe have caused markets to panic, taking down music stocks along with the industrial and agricultural companies most likely to be affected.
The S&P 500 entered correction territory on Thursday (March 13) when it closed down 10% from the all-time high. The Russell 2000, an index of small companies, was down 18.4% from its peak. Most stocks improved on Friday (March 14) as markets rallied — despite a decline in the University of Michigan’s consumer confidence index — but the first four days of the week were too much to overcome. The S&P 500 finished the week down 2.3% and the Nasdaq composite closed down 2.4%.
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Markets outside of the U.S. fared better than U.S. markets. The U.K.’s FTSE 100 dropped just 0.5%. South Korea’s KOSPI composite index rose 0.1% and China’s SSE Composite Index improved 1.4%.
Even though 17 of the 20 companies on the BGMI posted losses this week, the index rose 0.5% to 2,460.71 because of Spotify’s 8.1% gain, and the dollar’s nearly 1% increase against the euro offset the weekly declines of 17 other stocks. Spotify is the BGMI’s largest component with a market capitalization of approximately $117 billion — more than twice that of Universal Music Group’s (UMG’s) $50.2 billion. The stock also received rare good news this week as Redburn Atlantic initiated coverage of Spotify with a $545 price target (which implies 5.5% upside from Friday’s closing price) and a neutral rating.
UMG shares fell 8.8% on Friday, a reaction to Pershing Square’s announcement on Thursday that it will sell 50 million shares worth approximately $1.5 billion. Pershing Square CEO Bill Ackman called UMG “one of the best businesses we have ever owned.” JP Morgan analyst Daniel Kerven admitted the news was “a near-term negative for confidence” in UMG but saw Pershing Square’s decision to sell shares as a move to take profits and re-weigh its portfolio (UMG was 27% of Pershing Square’s holdings) rather than a commentary about UMG’s long-term potential or recent operating performance. UMG shares ended the week down 8.2% to 25.46 euros ($27.78) but remained up 6.5% year to date.
Live Nation shares dropped 6.5% to $119.22, marking the stock’s fourth consecutive weekly decline. During the week, Deutsche Bank increased its Live Nation price target to $170 from $150 and maintained its “buy” rating. On Friday, a judge denied Live Nation’s request to dismiss an accusation that the promoter illegally forced artists to use its promotion business if they wanted to perform in its amphitheaters.
Other U.S.-based live entertainment companies also fell sharply. Sphere Entertainment Co. fell 10.1% to $31.55. MSG Entertainment dropped 1.3% to $31.46 despite Wolfe Research upgrading the stock to “outperform” from “peer perform” with a $46 price target. Vivid Seats, a secondary ticketing platform, fell 28.1% to $2.86 after the company announced fourth-quarter earnings.
Radio companies, which tend to suffer when economic uncertainty causes advertisers to pull back spending, had yet another down week. iHeartMedia fell 12.0% to $1.61. Cumulus Media dropped 11.5% to $0.46. And SiriusXM, which announced layoffs this week, fell 10.1% to $22.67. Year to date, iHeartMedia is down 24.4% and Cumulus Media is down 40.3%. SiriusXM, on the other hand, has gained 1.4% in 2025.
K-pop stocks also fell sharply despite South Korea’s market finishing the week with a small gain. HYBE, SM Entertainment, JYP Entertainment and YG Entertainment had an average decline of 7.4% for the week. Collectively, however, the four South Korean companies have had a strong start to 2025 and, after this week, had an average year-to-date gain of 19.3%.
Martin Garrix will play a trio of nights at the the L.A. State Historic Park this summer. According to a representative for the shows, this run will make the Dutch producer the first artist to ever play three nights at the outdoor L.A. venue. Explore Explore See latest videos, charts and news See latest videos, […]
A federal judge says the Justice Department can move ahead with a key allegation in its antitrust case against Live Nation: That the company illegally forces artists to use its promotion services if they want to perform in its massive network of amphitheaters.
In a written ruling issued Friday (March 14), Judge Arun Subramanian denied Live Nation’s request to dismiss an accusation that the concert giant illegally required artists to buy one service if they wanted to purchase another one — known in antitrust parlance as “tying.”
Ahead of the ruling, attorneys for Live Nation had argued that it was merely refusing to let rival concert promoters rent its venues, something that’s fair game under longstanding legal precedents. But the judge wrote in his ruling that the DOJ’s accusations were clearly focused on artists, not competing firms.
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“The complaint explains that due to Live Nation’s monopoly power in the large-amphitheater market, artists are effectively locked into using Live Nation as the promoter for a tour that stops at large amphitheaters,” the judge wrote, before adding later: “These allegations aren’t just about a refusal to deal with rival promoters. They are about the coercion of artists.”
The decision was not on the final merits of the DOJ’s case; the feds must still provide factual evidence to prove that Live Nation actually coerced artists. But at the earliest stage of the case, when courts must assume allegations are true, Judge Subramanian ruled that the DOJ had done enough to move ahead.
The DOJ and dozens of states filed the sweeping antitrust lawsuit in May, aimed at breaking up Live Nation and Ticketmaster over accusations that they form an illegal monopoly over the live music industry. The feds alleged Live Nation runs an illegal “flywheel” — reaping revenue from ticket buyers, using that money to sign artists, then leveraging that repertoire to lock venues into exclusive ticketing contracts that yield ever more revenue.
Among other accusations, the government argued that Live Nation was exploiting its massive market share in amphitheaters — allegedly 40 of the top 50 such venues in the country – to force artists to use its concert promotion services.
“Live Nation has a longstanding policy going back more than a decade of preventing artists who prefer and choose third-party promoters from using its venues,” the DOJ wrote in its complaint. “In other words, if an artist wants to use a Live Nation venue as part of a tour, he or she almost always must contract with Live Nation as the tour’s concert promoter.”
Not so, argued attorneys for Live Nation. In its own court filings, the company said that it merely refuses to rent out its portfolio of amphitheaters to the competing concert promotion companies that artists have hired — and that it is “settled law” under federal antitrust statutes that a company has “no duty to aid its competitors.”
In Friday’s decision, Judge Subramanian said that argument could succeed at trial, but that the DOJ’s basic legal theory was sound enough to survive for now: “The facts may ultimately show that the tying claim here is nothing more than a refusal-to-deal claim,” the judge wrote. “But at this stage, the court’s role is to determine whether the complaint states a plausible tying claim, and it does.”
Live Nation did not immediately return a request for comment. A trial is tentatively scheduled for March 2026.
When it comes to the value of music royalties, some artists have an advantage based on where they live.
Nigerian artists earned more than $43 million from Spotify in 2024, according to the streaming giant’s latest Loud and Clear report. A “significant” portion of those royalties came from outside Nigeria, with exports of the country’s music increasing 49% over the last three years. In other words, people in other countries — many of which provide better royalties than are available in Nigeria — are listening to Nigerian artists, effectively sending their money to the West African country.
Spotify’s Loud & Clear report provides good insight into how royalties are split between superstars, merely popular artists and everybody else. In 2024, 71,200 artists earned at least $10,000 in royalties from the streaming service, up from 66,000 in 2023, while 670 artists earned more than $2 million, an increase from 570 the prior year.
Read between the lines of the Loud & Clear data and you’ll see that royalties have different values to musicians in different countries. If you’re a recording artist in India, where free, ad-supported listening dwarfs relatively cheap subscriptions, you’re better off receiving your royalties from a country like the U.S. where subscriptions are many and prices are high. If you’re an Afrobeats artist in Nigeria, a U.S. stream is worth more than a stream at home.
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Economist Will Page found that almost a third of all streams inside the U.S. in 2023 came from artists outside the U.S. The top music exporter to the U.S. was the U.K. — which has roughly the same royalty rates as the U.S. — but the No. 2 exporter was Mexico, a country where a Spotify individual subscription costs the equivalent of $6.49. Colombia, where a Spotify subscription costs the equivalent of $4.12, was No. 6. As Page wrote in his roundup of 2023 global recorded music revenues, Mexican artists’ U.S. streams were worth more than three times what they would have earned had they originated in their home country. For Colombian artists, their U.S. streams were worth more than six times what they would have earned in their home country.
In a global music business driven by streaming platforms, artists can earn more by tapping into more lucrative markets. A Nigerian artist should want more U.S. fans. A Colombian artist gets more from a U.S. stream. It’s a form of arbitrage — buying low and selling high.
In the digital era, choosing where to live is also a form of arbitrage. People with the ability to work remotely are increasingly choosing to live somewhere more affordable. Millions of Americans have moved to states with lower costs of living in recent years, with some leaving the country for safe havens in Europe as political discourse turned sour. States such as Texas, Florida and Tennessee are attractive for the (relatively) cheaper costs of living and lack of state income tax. Digital nomadism goes internationally, too, as people work remotely from faraway places — co-working spaces have sprouted on the Indonesian island of Bali, for example — with a substantially lower cost of living. Dozens of countries offer a digital nomad visa, called a remote working visa.
Musical nomadism isn’t a thing — yet. And this is more of a thought experiment than a serious proposal. Moving to a foreign country would take artists away from a large, lucrative concert market. And unless a musician plans to infiltrate the local music scene in their new home, they would be without the networking and personal connections that foster both creativity and commerce. An artist with children and a spouse would also have to pull deep roots to leave the country. But if an artist only wants to record and release music online, living elsewhere — not just Texas or Tennessee, but a country where the cost of living is far lower than in the U.S. — would improve the economics of music streaming.
Given the value of listeners in mature streaming markets, a stream in the U.S. and U.K. is worth far more than a stream in many other countries. Spotify costs $11.99 per month for an individual in the U.S. In Nigeria, an individual Spotify subscription costs the equivalent of $0.84 per month. And if Nigeria is like other developing markets, ad-supported streaming — which returns less value to artists and rights holders — is far more popular than paid subscriptions.
In Nigeria, $1 in the U.S. has the spending power of over $8, based on the difference between Nigeria’s gross domestic product in nominal dollars and purchasing power parity. In other words, goods that cost $1 in Nigeria would cost $8 in the U.S. Other countries provide similar boosts in spending power. In Indonesia, $1 feels like $3.30 in the U.S. In Colombia, $1 has the spending power of $2.70. In Mexico, having $1 is like having $1.90 up north.
Differences in costs of living would make royalties seem far more valuable. A typical 0.35-cent per-stream royalty would feel like 2.8 cents in Nigeria, 1.2 cents in Indonesia, 0.95 cents in Colombia and 0.66 cents in Mexico. An American artist who earns $5,000 from a synch placement would get more from that income by walking across the U.S.-Mexico border.
Musicians who are hesitant to become digital nomads can find solace in the slowly improving streaming economics in developing markets. Mature streaming markets are driven by subscriptions, while developing markets tend to be driven by ad-supported streaming. But it’s widely believed that subscription uptake will improve over time, making those foreign streams worth more over time. And in the U.S., artist-centric policies, rising prices and upcoming super-premium tiers will bring more value to artists and rights holders. In other words, don’t dig out your passport just yet.
Veteran booking agent Wayne Forte with Entourage Talent and Paladin Artists is auctioning off a private meeting to raise money for the National Independent Talent Organization (NITO). Forte is a widely respected talent agent whose clients include Duane Betts, Tedeschi Trucks Band, Joe Satriani and more. The native New Yorker has been booking artist in […]
Long-time indie music distributor Sam Wesley Phillips passed away in Jackson, Miss., on Feb. 28 after facing multiple health issues over the last few years. He was 74.
Better known to long-time Billboard readers by his nickname, Skip, Phillips worked his entire life, beginning at age 9, for his family company, Select-O-Hits, the 65-year-old independent music distributor based in Memphis. He was the third son of Lucile and Tom Phillips, who, together with Tom’s brother Sam Phillips — the Sun Records founder — started Select-O-Hits in 1960. Tom eventually bought out Sam’s uncle, the elder Sam Phillips, in the early 1970s.
Sam Wesley Phillips began working at Select-O-Hits first as a janitor/stockboy, then a salesman, followed by a role as studio engineer/producer. Sometime in the 1980s, he and his brother Johnny bought out their father, upon which Sam became the president of the company, which is still going strong as a music distributor today.
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Phillips’ family provided the below remembrance to Billboard.
Sam was born February 20, 1951, in Mobile, Alabama, to Lucile and Tom Phillips…Sam always had that mischievous twinkle in his eyes. Whether it was at school or working at the Record Shop on Chelsea, he found ways to enjoy life his way, but no one worked harder during those sixty-five years than he did.
Sam met his high school sweetheart and love of his life, Debby, at Frayser High School in 1967. Debby and Sam were married in 1969 and were the loving parents to five children, Tiffany (Tommy) Couch of Jackson, MS, Lesle (Matthew) Heinz of Memphis, Ashlee Phillips (Will Brewer) of Memphis, Courtney (Stephen) Smith of Frisco, TX and Wes (Lauren) Phillips of Memphis.
Sam lived his life with humor, kindness, strength, honesty, a passionate love for music and even more passionate love for his family. He was most happy in a home filled with his family laughing and loving loudly; his children and grandchildren were his greatest treasures.
Sam was preceded in death by his wife Debby, his son Wes, his parents and brother Tom. Left to cherish his memory in addition to his daughters are his siblings Johnny (Sandra) Phillips, Melinda Snipes, Irene Barg, Kathy (Harry) Gordon; Jennifer (Brad) Cullison; grandchildren John Thomas (Jordan) and Peyton Couch; Carter (Meghan) and Sam Heinz; Coby and Presley Bennett; Ethan and Aidan Phillips; Addison, Graham and Sadie Smith and Liam and Eden Cullison, his great granddaughter Vivian, loving cousins, nieces, nephews, sister-in-law, brother-in-law and too many friends to count.
We will miss his laugh and his kind, funny, strong spirit every single day but are thankful knowing that he’s now at peace, with no more pain and with his one true love, Debby, and their son, Wes.
The family requests that memorials in his honor be made to Wounded Warrior Project.
Karol G and Universal Music Group (UMG) are facing a copyright infringement lawsuit over a track from the Colombian superstar’s chart-topping album Mañana Será Bonito. In a case filed in Miami federal court, producers Ocean Vibes (Jack Hernandez) and Alfr3d Beats (Dick Alfredo Caballero Rodriguez) say the singer and her co-writers stole key elements of […]
After more than 50 years, Saskatchewan’s Regina Folk Festival is saying goodbye.
The festival’s board of directors released a statement announcing the cancellation of a planned 53rd edition for this summer. The board is instead winding down the festival’s operations, explaining that “economic challenges have become insurmountable.”
The longstanding festival had cancelled its 2024 edition in order to take a regrouping year. Last fall, the festival announced a 2025 edition would go ahead. In the months since, however, the board says it has become clear that it’s not financially possible to hold another event.
“Ongoing financial pressures from the pandemic, including stagnant or reduced funding, rising costs, and declining ticket sales, have created obstacles we can no longer overcome,” says the statement.
The festival is the latest Canadian live arts event to shutter, as the industry faces serious challenges in the wake of the COVID-19 lockdowns. Montreal’s Just For Laughs comedy festival filed for creditor protection last year, while the Vancouver Folk Festival announced it was shutting down in 2023, before the community — and an injection of funding — saved it.
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The Canada Live Music Association’s Hear and Now report, which measures the value of Canada’s live music industry, highlighted that globally, live music didn’t live up to projected performances in 2024.
“The live music sector in Canada has suffered greatly over the last five years and we are not immune,” the Regina Folk Festival (RFF) board states. “According to Festivals and Major Events Canada, it now costs 30% to 40% more than it did in 2019 to organize a comparable event.”
Like many folk festivals, the RFF is a non-profit. The festival has programmed some of Canada’s best-loved and most acclaimed artists, like Joel Plaskett, Alan Doyle and The Halluci Nation.
Emerging artists often get their first gigs at local folk festivals, and the folk festival circuit is a crucial space for like-minded artists to prioritize community and share best practices. But their grassroots nature also means those festivals aren’t necessarily able to withstand financial shocks.
“For 55 years, the Regina Folk Festival has been more than just a celebration of live music; it’s been a highly-anticipated weekend of community building where lasting memories were made,” the Board message concludes. “We look forward to discovering all the beautiful new events that will sprout in its absence. We encourage everyone to support the arts however they can.”
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As Festival Sponsorships Dwindle, Toronto’s Beaches Jazz Festival Calls On Brands To Support Canadian Arts
One of Toronto’s biggest summer music events, Beaches Jazz Festival, is calling on brands to support Canadian arts.
The free music festival draws 800,000 people a year, programming plenty of local and international musicians.
But as big brands increasingly drop their sponsorship of music events, Beaches Jazz Festival is issuing a direct appeal to Canadian businesses: amidst a wave of Canadian cultural nationalism, champion homegrown talent.
“This call goes beyond just Beaches Jazz,” festival founder Lido Chilelli tells Billboard Canada. “It’s a larger conversation about ensuring that Canada’s cultural events remain strong and independent.”
Even with government funding, festivals often rely on corporate sponsors to operate at a large scale. As the Globe and Mail reports, TD has recently pulled out of sponsoring some of the country’s biggest jazz festivals, including Toronto Jazz Fest and Calgary’s JazzYYC Summer Festival. In January, Vancouver International Jazz Festival, which also recently lost its title sponsor, put out a concerned call for donations.
Chilelli says that Beaches Jazz Festival typically sees strong interest from sponsors early in the year, but conversations have been slower this time around.
“We want companies to recognize that the Beaches Jazz Festival is more than just music — it’s a cultural event that brings communities together, drives tourism and significantly boosts the local economy,” Chilelli explains. “It’s an investment in community and culture.”
Chilelli points out that in a crowded digital landscape, it should be valuable to sponsor events that still provide in-person connection. Without brand sponsorship, though, festivals like Beaches Jazz aren’t able to program as many artists, leading to reduced opportunity for local arts.
Beaches Jazz Festival returns July 4-27, 2025.
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Artists Boycott East Coast Music Awards Following Departure of CEO
At the end of February, the East Coast Music Association announced the nominees for the 2025 ECMA Awards, but it almost immediately faced controversy.
Many prominent nominees have declared that they are withdrawing their nominations following controversy over the recent replacement of former CEO Blanche Israël.
That list includes acclaimed singer-songwriter Mo Kenney, nominated for rock/alternative release of the year, for “Evening Dreams.”
Explaining the move on Instagram, Kenney stated “I was nominated for an ECMA, but I am withdrawing and I will not be attending the conference. I do not agree with the lack of transparency around the sudden firing of former CEO [Blanche Israël], and what I would call essentially online bullying leading up to the firing. Much love and please do better @ecmaofficial.”
Others declining their nominations and boycotting the ECMAs include Indigenous rapper Wolf Castle, New Brunswick rapper Stephen Hero and Outside Music head Evan Newman.
Along with Classified, Juno and Polaris Prize winner Jeremy Dutcher had earned the most ECMA nominations, but he has withdrawn all eight nominations from the East Coast Music Awards in solidarity with other musicians who are boycotting the event.
“We need more than an award show on the East Coast,” Dutcher told CBC. “I hope this is a message to all other arts organizations that when we take on consultation with communities of artists, the artists might actually start to care about what happens … and they might start to get invested.”
A statement from the East Coast Music Association reads, in part: “We recognize that some have chosen to decline their nominations, and we respect their personal decisions. We also acknowledge the concerns that have been shared and remain committed to listening, learning, and fostering open conversations.”
The ECMAs will take place in St. John, Newfoundland, on May 8.
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