Plans for New York City’s “mega-concert,” which will feature performances by many musical giants in Central Park to commemorate the city’s post-coronavirus rebirth, have begun to take shape. Mayor Bill de Blasio said Thursday that Bruce Springsteen, Paul Simon, and Jennifer Hudson will play at the event, which was announced in early June as part of New York City’s Homecoming Week. When the performance was first announced, Clive Davis, who is booking it, claimed it will feature eight performers performing over three hours for a physical audience of 60,000 and a global livestream.
The wealth management firm that was to become the co-conservator of Britney Spears’ estate with her father James has requested to withdraw from it. Bessemer Trust, which manages more than $100 billion in assets across its portfolio, requested to resign from the agreement in a new court document filed on July 1. Bessemer Trust alleges in its court statement that it was told Britney’s conservatorship was voluntary and that she had agreed to the business functioning as co-conservator.
During DCMS Parliamentary Questions on July 1, the Secretary of State for Digital, Culture, Media, and Sport stated that the Government intends to provide cancellation insurance for the live event sector beginning July 19, if the commercial market is unable to provide it.
He did not, however, say whether event reopening instructions would be provided in the near future. When asked by Cardiff Central MP Jo Stevens for a “straight yes or no” answer on whether the Government would fund a time-limited insurance policy for the live events business, Downden stated his department was working with the Treasury on the concept.
We’ll talk more about this in the Music News Power Hour live on Clubhouse and on MusicIndustryCity.com at 12 p.m. Eastern.
In Musical Chairs…
Nolan joins the senior leadership team of the UMG-owned label in his new job.
He will assist in the company’s direction while also directing Motown’s marketing teams and activities. Nolan will report to Ethiopia Habtemariam, Chairman & CEO of Motown, a position she has held since March. In 2017, Nolan was Executive Vice President (EVP) of Capitol Music Group (CMG) and Head of seventeenfifty, where he oversaw a number of marketing collaborations and campaigns for a wide range of artists.
And in music tech news…
While Tunecore has stated that it is working on adding spatial audio distribution, DistroKid is the first major service to offer it to the DIY creator community. AvidPlay, a much smaller DIY distributor, added the ability to post Dolby Atmos Spatial Audio recordings to Amazon and Tidal in July. DistroKid artists simply select Dolby Atmos delivery from their dashboard and pay a one-time cost.[/vc_column_text][vc_column_text bb_tab_container=””]And that concludes today’s update. For article links, see the show notes, or go to MusicIndustryCity.com and listen to the Music News Power Hour live in Clubhouse or on the website at 12 p.m. Eastern.
Have a great weekend![/vc_column_text][/vc_column][/vc_row]