News

Mike Birbiglia Was Convinced He Was Being Catfished When Taylor Swift Cast Him in ‘Anti-Hero’ Video

Comedian Mike Birbiglia has steadily climbed from playing college cafeteria gigs to comedy clubs, off-Broadway theaters, starring in films and, currently, playing Broadway with his latest one-man show, The Old Man & the Pool. But despite spinning his warm-hearted tales in TV shows, movies, his Working It Out podcast and the stage, nothing could prepare the frequent This American Life contributor for an unexpected phone call he got a few months ago from Taylor Swift.

“I’m in the ‘Anti-Hero‘ video… it’s just a fluke-y thing,” Birbiglia told Stephen Colbert on Tuesday night’s (Nov. 8) The Late Show about his stunt casting alongside fellow funny folk John Early (Search Party) and Mary Elizabeth Ellis (It’s Always Sunny In Philadelphia) in the video, where they play Swift’s battling heirs. Mike and Taylor happen to share a friend in common, producer Jack Antonoff, who Birbiglia explained he met at Bonnaroo 15 years ago.

“It just so happened she was writing the music video the day that we happened to meet and we were having pizza with Jack and a bunch of folks and she thought, ‘Oh, you,’” Birbiglia said. “Apparently in her mind she thought this is the dystopoic, nightmare version of what my son would be. And that’s my dream come true.”

Birbiglia wasn’t sure his fantasy would become reality at first, though. He said he got a text from Swift a month or two later and, if he’s being honest, he was pretty sure he was being catfished. “I thought, ‘it’s either Taylor Swift… that would be cool,’ or it’s someone catfishing me who’s an excellent writer,” he recalled thinking when the call came in. “Because she sent the script to the video, that’s wonderful and very funny… so I thought, ‘either way, sort of a win-win.’ And I go, ‘count me in… either Taylor Swift or catfish person!’”

Swift will notch another major career milestone this week she she becomes the first artist to spend a full year at No. 1 on the Billboard Artist 100 chart.

Watch Birgiblia tell his Taylor tale on The Late Show below.

Louis Tomlinson Admits He Was Jealous of Harry Styles’ Success: ‘I’d Be Lying If I Said It Didn’t Bother Me’

Louis Tomlinson is blossoming in his solo career, but he also isn’t shying away from talking about his roots. The 30-year-old singer-songwriter famously started out in the five-piece boy band One Direction, and in a new interview, he opened up about everything from feeling jealous of his former bandmate Harry Styles to the possibility of a reunion.

Explore

See latest videos, charts and news

See latest videos, charts and news

Two days ahead of the Friday (Nov. 11) release of his second studio album Faith in the Future, Tomlinson was candid with Telegraph about how he used to feel when comparing his solo trajectory with that of Styles, who has released three No. 1 albums, scored two No. 1 singles and toured through stadiums across the world on multiple occasions since One Direction disbanded in 2015.

“I’d be lying if I said it didn’t bother me at first,” the “Back to You” singer admitted of Styles’ success. “Only ‘cos I didn’t know where to place myself, and really my only point of reference was other members of the band. But it’s not surprising to me that Harry’s the most commercially successful because he really fits the mold of a modern star.”

Tomlinson also pointed out Styles’ blossoming film career. The 28-year-old “As It Was” musician starred in two feature films just this year: Olivia Wilde’s Don’t Worry Darling and Michael Grandage’s My Policeman.

“He’s not just doing music, he’s got film as well, and the tour he’s done is unbelievable,” Tomlinson added to the U.K. publication. “It took me a while to work out where I stand.”

But as singular as Styles’ accomplishments are, Tomlinson said he feels proud of his former bandmate. “I look on Harry like a brother, man,” he said. “I have a lot of pride for what he’s doing.”

Styles and Tomlinson have been specifically grouped together for years by the public, even when both were still part of a band with Niall Horan, Zayn Malik and Liam Payne. The two found themselves at the center of an internet obsession with the idea of them being a romantic couple — often referred to as “Larry Stylinson,” a combination of their names — and the resulting theories and fan art became so pervasive, recreations of it were once featured in a graphically sexual sequence on HBO’s Euphoria.

“It’s weird, all that s–t,” he said, also speaking on the upcoming Anne Hathaway-led film adaptation of The Idea of You, a piece of One Direction fan fiction. “But there’s not much you can do about it. I’d rather they didn’t … but it is what it is. I won’t be watching it.”

In spite of all they’ve gone through together, be it social media squabbles or the occasional airing out of dirty laundry, Tomlinson said he and his 1D bandmates are on good terms these days. “I’m sure the lads will text me when the album comes out — we check in on each other, we’re good like that,” he said.

“I bumped into Niall at Glastonbury, and even though we hadn’t spoken all year, it was like no time had passed. Because we’ve lived through such experiences together in One Direction, this bond that we have is for life.”

When it came to the possibility of a One Direction reunion, however, Tomlinson wasn’t so sure — though he definitely hasn’t ruled one out. “I don’t see anything happening for at least another 10 years, but you never know,” he said. “It looks pretty jumbled. But I think there is a world where it all kind of fits together.”

MSG Entertainment Revenues Jump 36% on Packed Performance Venues

Madison Square Garden Entertainment’s quarterly revenues surged by 36% to $401.2 million, an increase of nearly $107 million over last year, thanks to a packed calendar for its performance venues that included Harry Styles‘ 15 sold-out concerts at the company’s namesake venue in New York City.

However, those revenues were not enough to offset a total operating loss of $44 million and a 73% decline in adjusted operating income to $2.8 million, as expenses related to the return of live events and increased construction costs for MSG Sphere caused company-wide operating expenses to climb $88.1 million.

On a call with analysts on Wednesday, executives were optimistic saying that the company is moving into the lucrative holiday season– a boom time for MSG performances like Radio City Christmas Spectacular.

“This is expected to be the first full year of events at our venues since fiscal 2019,” James Dolan, executive chairman and chief executive, said. “The best months are coming up for our events business.”

Revenues from the company’s entertainment business quadrupled to $147.1 million in the first fiscal quarter of 2023, which ended Sept. 30. That is compared to $34.2 million last year.

Investors were not swayed by executives comments that the company hosted a record 1 million guests at events over the quarter. Madison Square Garden Entertainment Corp’s stock was down 10.47% to $40.43 by 11 a.m. in New York.

Executives disclosed that the cost of building MSG Sphere, the state-of-the-art venue under construction in Las Vegas, rose again to $2.75 billion from $2 billion on higher costs from inflation and global supply chain issues. The project has rougly 8-9 months of construction remaining.

Dolan briefly commented on the proposed spin-off of the company’s live entertainment and MSG Networks business. If the plan is approved, he said, the venues and networks business would be named Madison Square Garden Entertainment Corp, while the business encompassing MSG Sphere and Tao Group Hospitality, owner of TAO, Hakkasan, LAVO and Beauty & Essex, would be named MSG Sphere Corp.

MSG Entertainment’s board approved the plan in August, and it now faces review by the U.S. Securities and Exchange Commission. Under the plan, the new, publicly traded company would house MSG Entertainment’s venues — including Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre — and MSG Networks, which broadcasts five basketball and hockey teams on MSG Network and MSG+. Also in that new company would be MSG Entertainment’s sports and entertainment booking business, the Radio City Rockettes and the Christmas Spectacular production and arena license agreements with the NBA Knicks and NHL Rangers.

Executives and analysts have said the spin-off could provide investors with more clarity on the company’s many businesses and a clearer choice between the type of investment they want to make. The venues and networks businesses have long-term track records as stable revenue generators, while the Sphere and Tao Group businesses are more speculative but provide an opportunity for higher returns.

Below is a greater breakdown of the company’s earnings for the quarter.

Q1 fiscal 2023 earnings for Entertainment division:

  • Revenues of $147.1 million, up $112.9 million from last year
  • Event related revenues rose $80.6 million
  • Arena license agreements with MSG Sports revenues rose $18.3 million
  • Suite license fee revenues rose $8.4 million
  • Direct operating expenses rose $65.5 million to $101.8 million from last year driven by expenses from events and arena license agreements with MSG Sports.
  • Selling, general, administrative costs rose 11% to $103.4 million on higher employee compensation, benefits.
  • Operating losses totaled $75.3 million for the quarter, a 34% improvement from the year-ago period when operating losses totales $114.7 million. Adjusted operating losses totaled $44.4 million.

Q1 fiscal 2023 earnings for MSG Networks division:

  • Revenues fell 13% to $122.5 million from last year on $19-million-decrease in affiliation fee revenues.
  • Direct operating expenses rose 10% to $75.4 million, driven by $5.9 million increase in rights fees and $1.1 million increase in other programming and production costs.
  • Selling, general and administrative expenses fell by 63% from a year ago to $17.8 million.

Q1 fiscal 2023 earnings for Tao Group division:

  • Revenues rose 11% to $132.7 million, including $7.5 from new venue openings.
  • Direct operating expenses rose 25% to $76.6 million driven by a $7.9-million-increase in employee compensation and related benefits.
  • Food and bevereage costs rose $4.1 milion on inflation, new venue openings

The War and Treaty on CMA Awards Performance With Brothers Osborne, New EP ‘Blank Page’: ‘It Sounds Like Our Love’

Wednesday evening (Nov. 9), married duo The War and Treaty’s Michael Trotter Jr. and Tanya Trotter will make their Country Music Association Awards debut performance, for a rendition of The Rolling Stones’ “It’s Only Rock ‘N’ Roll (But I Like It)” with fellow duo Brothers Osborne.

The scene of one of Americana music’s highly-awarded duos (they are the reigning Americana Music Honors & Awards duo/group of the year), standing on one of country music’s biggest stages and infusing their unique brand of soulful harmonies into a rock n’ roll classic alongside one of country music’s award-winning (and most inclusive duos) seemingly encapsulates not only the range of The War and Treaty’s musical amalgam, but also the strides The War and Treaty has made over the past few years.

“We’ve been friends with Brothers Osborne prior to this, and we’ve talked about touring with them. This project came along and it was the perfect timing, and with us both being duos and both being from Maryland, there were a lot of things in common,” Tanya Trotter tells Billboard.

But that’s not the only thing this married duo is celebrating. Today, they further build upon that synergy with the surprise release of their four-song EP, Blank Page, produced by Dave Cobb (known for his work with Sturgill Simpson, Chris Stapleton and more)

The EP’s origins came in 2020, during the early days of the pandemic the duo performed as part of the Country Music Hall of Fame and Museum’s “Big Night at the Museum” where they sang “I Can’t Stop Loving You,” written and first released by Don Gibson, and later recorded by Ray Charles as part of his influential 1962 album Modern Sounds in Country and Western Music. Charles’ version of the song stayed atop Billboard’s Hot 100 for five weeks in 1962.

“[Country Music Hall of Fame and Museum’s senior director, producer and writer] Peter Cooper invited us to play piano and sing, and Dave Cobb was the producer and engineer of audio for that,” says Trotter Jr. says. “One evening Dave called me and said, ‘Get over to RCA Studio now,’ and he hangs up. I’m like, ‘Wow, Well, Dave Cobb’s asking this, so something’s up.’ We get there and he’s got all the lights down low, it’s moody in the studio. And he plays ‘I Can’t Stop Loving You,’ from Ray Charles. I thought, ‘Oh, man, he’s going to show us all we didn’t do. It’s Ray Charles — nobody can live up to that.’

“But then he said, ‘This sound that you’re hearing, these are the original panels that Ray Charles used when he recorded this right here in RCA.’ Then he played our version with those same recording panels and settings. I looked at Tanya and we both literally started crying at the same time. It was just so beautiful and so emotional. Dave said, ‘We gotta do a record.’”

The duo’s musical melding connects two musicians whose artistry has been forged by years of successes and hardships. In 1993, Tanya landed a role in Sister Act 2: Back in the Habit, with a memorable scene performing “His Eye Is on the Sparrow” alongside Lauryn Hill. She followed with the 1994 album Natural Thing, which included “Through the Rain,” a top 40 R&B single which also entered the Billboard Hot 100. Meanwhile, Trotter grew up immersed in gospel and classic R&B. He moved to Washington D.C. as a teenager and enlisted in the United States Army in 2003. He ended up in Baghdad, camped out with the rest of his unit in the dilapidated remains of one of Saddam Hussein’s palaces. In the basement was a piano, and it was there that Trotter Jr. began experimenting with playing piano, crafting melodies, evolving them into songs. He wrote and performed one of his earliest songs, “Dear Martha,” to honor a friend and fallen soldier. From there, Trotter Jr. was instructed to write and perform songs to honor his fallen comrades at their memorial services.

Fast forward to 2010, when he had been hired to perform at a music festival in Maryland, where he met Tanya. The professional admiration quickly became personal. They married, and by 2014, they had formed their duo, first performing as Trotter and Blount and releasing the 2016 album Love Affair, and eventually changing their name to The War and Treaty and releasing the 2018 album Healing Tide. Their innate talent and a multifarious sound blending country, R&B and soul swiftly gained attention from those in the music community.

Healing Tide featured a collaboration with Emmylou Harris, and they have worked with Brandi Carlile, Jason Isbell and more. In 2021, they shared the stage with Dierks Bentley for a rendition of U2’s “Pride (In the Name of Love),” a song Bentley previously covered as part of his 2010 album Up on the Ridge.

Along the way, they have unhesitatingly written songs that delve not only into the highs of their decade-plus relationship, but devastating lows, heartaches and struggles.

“Five More Minutes,” the fulcrum of their 2020 album Hearts Town was inspired directly by a moment in 2017, when Trotter Jr. was going through deep depression and contemplating suicide while struggling with post-traumatic stress disorder stemming from his time serving in Iraq, in the Army’s 6th Infantry Regiment. The song’s title reflects his wife Tanya Blount Trotter’s petition to give her more time with him.

On Blank Page, that candor continues, notably focusing on the often under-examined nuances and efforts that make a relationship work in the soaring ballad “That’s How Love Is Made,” co-written with Dave Barnes. The song marks the first time they have included a co-writer on a song on one of their albums.

“Tanya and I finally gave into that,” Trotter Jr. says. “We felt like in order to get the respect we wanted, we needed to do everything ourselves, so that there’s no question there that we’re talented. But we’re learning that that’s not how it goes. Talent is important, but also, can you work with someone? Can you coexist with someone? That’s what we’re seeing in our country too. To be able to live peaceably is a talent.”

“You hear a lot of love songs, but no one talks about how you make a relationship work or not work,” Tanya says.

“My sweet wife approached the song from the angle of exposing the things we say versus the things we do,” Trotter Jr. adds. “And full disclosure, I have been guilty of that kind of behavior, really just getting by throughout the day and then expecting so much of my wife. You can’t treat somebody like s–t all day and then expect for them to treat you like heaven. I was really thinking of the contrast. That’s not how love is made and I feel like we got real with that. I hope those that listen to those lyrics examine them and really have ‘A Ha’ moments. It’s never too late to realize you’re being an a**hole and decide to fix it.”

The title track contends the importance of allowing a relationship to grow unencumbered by scars from past relationships.

“When you meet someone for the first time, you have an opportunity to create something together from a blank page. How many times do you hear, ‘I went through this breakup and this heartbreak before I finally got to The One?’ We were like, ‘That can’t be our foundation. You’re a blank page.’”

The only outside song on the EP comes courtesy of “Dumb Luck,” written by Beau Bedford.

“We think, ‘How did we get here? How did we survive? How did I get so lucky to be in love with the greatest human on Earth?’ It’s dumb luck,” Trotter Jr. says, name-checking an Americana music luminary and one of the duo’s strongest supporters, the late John Prine. “John lived his best life and he beat the hell out of cancer over and over again [before his passing in 2020 due to complications from COVID-19]. And he would say, ‘I’m just lucky.’”

The duo knows that feeling well; In 2020, Tanya also went through her own health crisis with COVID-19.

“Tanya caught COVID very early in the game,” Trotter Jr. recalls, “and it could have gone the other way for her. There were so many moment where me and our son would sit outside of her bedroom door and try to see if we could hear her breathing. We didn’t know what was going on and we had never seen Tanya not only that weak, but that vulnerable. But she survived.”

The duo has already proven themselves a constituent of the Americana music scene. But last year, they went through a period with no label home and no management, before aligning with Mary Hilliard Harrington (who manages Bentley) in September 2021, and earlier this year signing with one of country music’s top labels, UMG Nashville. They are signed with WME for booking.

“It was like the universe was trying to tell us something,” Trotter Jr. says, “and Tanya is a manifester in our house. She has what she calls the Pink Room, where she writes things that she wants to see happen and she writes them on the walls and it’s beautiful. A major recording contract was on that wall, CMAs were on that wall, Grammys were on that wall. But also people care about and were thinking of. Lainey Wilson’s dad’s name was on that wall. Dave Cobb’s mom’s name was on that wall.”

They say Hilliard Harrington was a key factor in their recent signing with country music power label UMG Nashville, a move that puts them in a position to far expand the reach of sterling music.

“We were getting ready to jump the gun because another label wanted us, but they were not as strong and powerful as UMG. But that’s why you have a Mary Hilliard in your life — someone who’s been there and knows how to slow you down. She said two things to me, personally. She said, ‘I need you to trust me, hold on for a minute. I think there is interest with you all at a higher level.’ And she was right. Within two weeks were were getting ready to sign with UMG. And then she also said, ‘If you’re gonna play, I want you to play big, because I don’t lose.’ I was like, ‘Holy s–t, boss lady. Okay, you remind me of Tanya. Y’all are straight up ballsy.’ And UMG has rolled out a red carpet for us from the moment we began talking with them, and that has not rolled up yet. We feel so honored.”

They have found champions not only within the label staff, but among their UMG labelmates.

“With Mickey [Guyton], we text all the time. Every time something happens with War and Treaty, Mickey’s probably the first artist to text us and go, ‘God’s using y’all. You gonna change the world.’ Brothers Osborne are wonderful, and another angel of ours been Jordan Davis, just affirming to us that our art matters to him. And of course, the OG Dierks Bentley,” Trotter Jr. says.

The EP is just a sampling of the music fans can expect when a full-fledged album follows in 2023.

“We are hoping that people will be able to see themselves and feel themselves in the new album,” he adds. “When we started this, there was a temptation there to try to write something that reflects where the industry is, especially in country music, to have that big drinking banger or to have that big banger song, but we want to just make them feel. When [Tanya] sings, it reminds you of Aretha Franklin, Tina Turner, Ray Charles, some Stapleton. Our love might sound like a rock and roll song, or R&B or blues or country — but at the end of the day, it sounds like our love.”

Nazareth Singer Dan McCafferty Dead at 76

Dan McCafferty, original lead singer for Scottish hard rockers Nazareth, has died at age 76. The vocalist’s passing was announced by founding bassist/backing vocalist Pete Agnew, who revealed in an Instagram post that McCafferty died on Tuesday afternoon; at press time no cause of death had been announced.

Explore

Explore

See latest videos, charts and news

See latest videos, charts and news

“This is the saddest announcement I ever had to make,” Agnew wrote. “Maryann and the family have lost a wonderful loving husband and father, I have lost my best friend and the world has lost one of the greatest singers who ever lived. Too upset to say anything more at this time.”

McCafferty, born on Oct. 14, 1946 in Dunfermline, Scotland was a co-founder of Nazareth, which came together in 1968 with guitarist Manny Charlton and drummer Darrell Sweet joining McCafferty and Agnew. The band released their self-titled debut in 1971, which was followed by 1972’s Exercises and 1973’s Razamanaz.

But it wasn’t until their sixth album, 1975s Hair of the Dog, that the group broke out beyond their European success, thanks to their rocked-up cover of the Everly Brothers’ 1960 song “Love Hurts.” The showcase for McCafferty’s muscular vocals rose to No. 8 on the Billboard Hot 100. Hair of the Dog also marked the band’s highest charting album on the Billboard 200 charts, where it rose to No. 17 in March 1976, according to data provided by Luminate.

Nazareth’s “Love Hurts” was the highest-charting version of the tune — also famously covered by Cher as the title track of her 1991 album of the same name — and it has become a go-to power ballad in dozens of movies, including Wayne’s World, This is Spinal Tap, Dazed and Confused, Rock Star, Empire Records, Bill & Ted’s Excellent Adventure and many more.

McCafferty fronted the band until his retirement from touring in 2013 due to unspecified health issues and appeared on 23 studio albums through 2014’s Rock ‘n’ Roll Telephone; he was replaced by Linton Osborne in 2014, who in turn was swapped out for current singer Carl Sentance. McCafferty also released a pair of solo albums during his time with the group, a self-titled 1975 collection and 1987’s Into the Ring, as well as his final solo effort, 2019’s Last Testament.

See Agnew’s tribute and watch a live version of “Love Hurts” below.

Carly Pearce, Ashley McBryde, Cody Johnson Earn Early CMA Awards Wins

Carly Pearce, Ashley McBryde and Cody Johnson are having a stellar morning as the Country Music Association prepares to celebrate this year’s winners.

Early winners were announced Wednesday (Nov. 9) via Good Morning America, which also featured a performance from Keith Urban.

Explore

See latest videos, charts and news

See latest videos, charts and news

Johnson’s heart-tugging “‘Til You Can’t” has picked up music video of the year; the clip was directed by Dustin Haney. This marks Johnson’s first CMA Awards win. Heading into the evening’s ceremony, he is also up for male vocalist of the year, single of the year (“‘Til You Can’t”), and new artist of the year (a category he was previously nominated for in 2019).

Meanwhile, the Pearce and McBryde collaboration “Never Wanted to Be That Girl” was named musical event of the year. This honor goes to both artists and producers of the song. “Never Wanted to Be That Girl” was produced by Shane McAnally and Josh Osborne.

“Girl” crowned Billboard‘s Country Airplay chart back in May, becoming the third duet between two solo women to top Country Airplay, dating to the chart’s January 1990 launch. The previous female collaborative chart leaders are Elle King and Miranda Lambert’s “Drunk (And I Don’t Wanna Go Home,” which dominated in April, and Reba McEntire’s “Does He Love You,” with Linda Davis, which ruled for a week in November 1993.

“WOWWWW what a way to start #cmaawards day!!!” Pearce said via social media. “This song means everything to me & seeing the life it has had this year has been so rewarding. Thank you @cma for this. MUSICAL EVENT OF THE YEAR!!! “

McBryde and Pearce each garnered five nominations heading into tonight’s CMA Awards. “Never Wanted to Be That Girl” earns both McBryde and Pearce four out of five of each artist’s nominations, including song, single, music event and music video. Both are also nominated in the female vocalist of the year category, with Pearce being the reigning CMA female vocalist of the year.

The CMA Awards, hosted by Luke Bryan and Peyton Manning, air Wednesday, Nov. 9, on ABC at 8 p.m. ET. 

Bad Bunny Named Apple Music’s 2022 Artist of the Year

Apple Music has named Bad Bunny its 2022 artist of the year. This is the first time since the Apple Music Awards launched in 2019 that a Latin artist has been recognized as AOTY, and the first time only one artist is named for the award.

The Puerto Rican artist — whose Un Verano Sin Ti Album is also Apple Music’s most streamed album this year and the biggest Latin album of all time — is acknowledged for his excellence and influence on global culture in 2022. He now joins previous AOTY honorees including Billie Eilish, Lil Baby, Megan Thee Stallion, Taylor Swift and The Weeknd. 

“We’re thrilled to celebrate the achievements of Bad Bunny, whose influence on every corner of culture could not be ignored in 2022,” said Oliver Schusser, Apple’s vice president of Apple Music and Beats, in a statement. “Watching Bad Bunny ascend from an Apple Music Up Next artist in 2018 to our Artist of the Year this year has been nothing short of extraordinary. We congratulate him on his record-breaking year and for continuing to bring Latin music to a massive global audience.” 

In addition to becoming Apple Music’s biggest Latin artist of all time by streams worldwide, Bad Bunny’s “Moscow Mule” holds the record for the biggest Latin song of all time by first-day streams worldwide. He broke the record for most simultaneous entries by a single Latin artist with 22 songs on the Daily Top 100; reached No. 1 on the Daily Top 100 in 34 countries worldwide, more than any other Latin artist; and holds the No. 1, No. 2 and No. 3 Latin albums by first-day streams, just to name a few milestones. 

“When I started, I didn’t have a global fan base,” he told Apple Music in an exclusive film. “I’m grateful for everything I’ve accomplished and everything I’ve experienced. The Latin music movement has grown so much. I would never take full credit or say, ‘It’s because of me.’ No, it’s every one of us. A whole generation. Our energy and presence are always felt.” 

In celebration, the “Me Porto Bonito” singer curated a “La Fórmula” playlist with tracks from Myke Towers and Rauw Alejandro, among others, and fans can tune in to Apple Music 1, where it’s Bad Bunny Day with exclusive programming, specials, and more.

Watch Bad Bunny’s exclusive Apple Music short film below:

Adidas’ Split With Kanye’s Yeezy Brand Drives Lower Earnings Outlook

Adidas on Wednesday lowered its earnings forecast for the year to account for losses from ending its partnership with the rapper formerly known as Kanye West over his antisemitic remarks.

The German shoe and sportswear maker cut its sales and profit outlook for the year as part of its third-quarter earnings statement, even as the company’s chief financial officer said the profitability of the Yeezy shoe collaboration with Ye had been “overstated.” The company would largely offset the impact of the breakup next year by no longer having to pay royalties and marketing fees for the brand, CFO Harm Ohlmeyer said.

The company halved its expectations for net profit from continuing operations to 250 million euros ($252 million) this year from 500 million euros. That matched its earlier statement that ending the partnership with Ye would cost it 250 million euros in profits.

Adidas also lowered its revenue forecast for the year to a low single-digit increase from a mid-single-digit increase.

The Oct. 25 split with Ye, with production of all Yeezy products halted and royalty payments ended, will leave Adidas searching for another star to help it compete with ever-larger rival Nike. Adidas also is facing internal upheaval, with its CEO Kasper Rorsted stepping down Friday. He was previously expected to hand over next year, but the company announced the quicker change on Tuesday as it named Puma CEO Bjørn Gulden as his replacement.

Adidas faced pressure to split with Ye as other brands did earlier over the rapper’s antisemitic comments in interviews and social media, including a Twitter post earlier this month that he would soon go “death con 3 on JEWISH PEOPLE,” an apparent reference to the U.S. defense readiness condition scale known as DEFCON. He was suspended from both Twitter and Instagram.

Adidas owns the rights to product designs except for the Yeezy name and is developing plans for what to do with existing inventory.

Ohlmeyer said on a conference call with reporters that the profitability of the Yeezy business had been overstated because its costs only included expenses directly related to the products and not central overhead costs borne by the company.

“In other words, it does not include any further central cost allocation for sourcing, digital, retail, or any other services that this part of our business has been benefitting from and that were essential for its success,” Ohlmeyer said.

“At the same time, we will save around 300 million euros related to royalties and marketing fees; in combination, this will help us to compensate the majority of the top and bottom line impact in 2023,” he said.

The Yeezy brand accounted for up to 15% of Adidas’ net income, Morningstar analyst David Swartz said in a note Oct. 26.

The company had already cut its full-year earnings forecasts five days before announcing its split with Ye. The earlier outlook revision cited slowing activity in China, where severe restrictions aimed at limiting the spread of COVID-19 have held back the economy, and clearance of elevated inventory levels.

Net income for the third quarter from continuing operations was 66 million euros, down from 479 million euros in the same quarter a year ago.

The decrease largely reflected 300 million euros in one-time costs, the majority of it from winding down the company’s business in Russia.

2022 CMA Awards: See the Full List of Performers & Presenters

The 56th annual CMA Awards, set to air Wednesday (Nov. 9) on ABC (and available the next day on Hulu), will include several red-hot collaborations, including an opening number that will celebrate the late Country Music Hall of Fame member Loretta Lynn, as Carrie Underwood, Reba McEntire and Miranda Lambert team up for a special collaboration.

Explore

See latest videos, charts and news

See latest videos, charts and news

The night will be filled with major collaborations, including Elle King joining the Black Keys to perform “Great Balls of Fire” in honor of the late Country Music Hall of Fame member Jerry Lee Lewis. Thomas Rhett will pair with Katy Perry for their collaboration “Where We Started,” while Chris Stapleton will share the stage with Patty Loveless for a rendition of “You’ll Never Leave Harlan Alive.”

Duos Brothers Osborne and The War and Treaty will join forces for the Rolling Stones classic “It’s Only Rock & Roll (But I Like It),” while Ashley McBryde will partner with Brandy Clark, Caylee Hammack, Pillbox Patti and Brothers Osborne for a rendition of the 1974 Linda Ronstadt classic “When Will I Be Loved.”

This year’s top nominees include Lainey Wilson, Stapleton, Carly Pearce and McBryde, while those competing for the coveted entertainer of the year honor are Stapleton, Luke Combs, Morgan Wallen, Miranda Lambert and Carrie Underwood.

Here’s the full lineup of performers and presenters for Wednesday night’s show:

Performers:

Jimmie Allen

Kelsea Ballerini

Dierks Bentley

Brothers Osborne

Luke Bryan

Brandy Clark

Kelly Clarkson

Luke Combs

Caylee Hammack

HARDY

Cody Johnson

Elle King

Marcus King

Miranda Lambert

Patty Loveless

Ashley McBryde

Reba McEntire

John Osborne

Jon Pardi

Carly Pearce

Katy Perry

Pillbox Patti

Chris Stapleton

Cole Swindell

The Black Keys

The War and Treaty

Thomas Rhett

Carrie Underwood

Morgan Wallen

Lainey Wilson

Zac Brown Band

Presenters:

Mookie Betts

BRELAND

Jessica Chastain

Jordan Davis

Sarah Drew

Cole Hauser

Tyler Hubbard

Wynonna Judd

Lady A

Rex Linn

Little Big Town

Parker McCollum

Reba McEntire

Ben and Erin Napier

Jeannie Seely

Michael Shannon

Lainey Wilson

Bruno Mars Doubles-Down on Las Vegas With 10 More Solo Residency Dates

Bruno Mars is not ready to leave Las Vegas. After previously announcing a pair of New Year’s Eve shows at the Dolby Live at Park MGM Grand on Dec. 30 and 31, the Grammy-winning singer/songwriter has added 10 more gigs to his solo run in January and February.

Explore

Explore

See latest videos, charts and news

See latest videos, charts and news

Tickets are on sale now for the shows, which will take place on Jan. 25, 27 and 28 as well as Feb. 1, 3, 4, 8, 10, 11 and 14. The gigs with his Hooligans band follow on the heels of this summer’s Vegas residency by Mars’ Silk Sonic side project with Anderson .Paak at the MGM. The New Year’s Eve and early 2023 shows will be the first time that Mars has hit the stage for a proper fun of solo gigs in the U.S., since Silk Sonic released their debut single “Leave the Door Open” last year.

His last solo album was 24K Magic, released in 2016. The multi-platinum album spawned singles such as “That’s What I Like,” “Finesse,” “Versace on the Floor” and the title track. Mars recently wrapped a stadium/arena tour of Australia and Japan that included him officially opening the new Allianz Stadium in Sydney.

One place you probably won’t find Mars is at next year’s 65th annual Grammy Awards, after the singer announced last month that he was choosing to sit out this year’s ceremony after opting to not submit Silk Sonic’s acclaimed debut, An Evening With Silk Sonic, for Grammy consideration.

“Andy and I, and everyone that worked on this project, won the moment the world responded to first single ‘Leave the Door Open.’ Everything else was just icing on the cake,” Mars — who has won 15 Grammys on 31 nominations to date — said of the retro soul track that won four Grammy awards in April: song of the year, record of the year, best R&B song and best R&B performance. The album was released in November 2021, which would have made it eligible for nominations at the 2023 ceremony.

“We thank the Grammys for allowing us to perform on their platform — not once, but twice — and awarding us at last year’s ceremony. We’d be crazy to ask for anything more,” he said of the duo’s spirited performance at this year’s show of “777” and “Hot Music” and a run-through of “Leave the Door Open” for the 2021 broadcast. “Thank you to everyone that supported this project and championed for it. We truly put our all on this record, but Silk Sonic would like to gracefully, humbly and most importantly, sexually, bow out of submitting our album this year. We hope we can celebrate with everyone on a great year of music and partake in the party. Thank you for letting Silk Sonic Thrive.”