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Creative Industries

Quotes of the week — Week 41, 2022

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“It has a long way to go before it is where we want it to be. We are doing interesting work, but we are not there yet.”By Mark Zuckerberg, Founder and CEO of Meta, explaining to analysts that Meta’s progress on virtual and augmented reality will take some time. During the third quarter, losses at the company's VR unit, Reality Labs, rose 31% from the previous quarter to $3.7 billion. Zuckerberg said the company’s development costs would continue to climb. According to Bloomberg, Meta is on trac...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Creative Industries

Fairground Attraction will release their first album in 35 years with Absolute

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Eighties neo-skiffle band Fairground Attraction have partnered with Absolute Label Services for the release of their first album in 35 years. The first single, 'What’s Wrong With The World?', was released at the end of March.

Absolute will be in charge the marketing, promotion, distribution and sync behind a brand new Fairground Attraction album, 'Beautiful Happening' to be released on band member Mark Nevin’s Raresong Recordings label on September 20.

“When Fairground Attraction reformed...

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The Board of Hipgnosis Songs Fund would recommend Blackstone’s $1.5 billion proposal if the offer was confirmed

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The $1.5 billion offer made by investment firm Blackstone to acquire the catalogues owned by Hipgnosis Songs Fund (HSF) has received a favourable response from the Board of the London-listed music assets company. The Board said it would recommend to its shareholders to back the proposal made by Blackstone, should the firm announce "a firm intention to make an offer."

Blackstone made a counterproposal to the $1.4bn offer made by Concord to purchase HSF. Blackstone said it would offer to pay $...

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Downtown Neighbouring Rights signs new agreements with Anohni, Position Music and Th3rd Brain Records

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Downtown Neighbouring Rights (DNR) has announced a series of new signings and cross-company partnerships across the division, including international deals with singer-songwriter, Anohni, Position Music and Th3rd Brain Records. Neighbouring rights are generated by recordings when they are played in public or on media such as radio and TV.

The international neighbouring rights agreement with Anohni covers the artist's entire recording catalogue, including the song, ‘Manta Ray’, the Mercury Pr...

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