After witnessing nearly every one of its Apple Stores getting cleared out by looters, Apple has proactively disabled every stolen iPhone and connected device. Apple quickly disabled all of the iPhones swiped from its numerous Apple Stores nationwide, w…
Author archives: Paul Resnikoff
Second $1,200 Stimulus Check ‘Highly Unlikely’ as Protests Intensify Nationwide
As dozens of American cities grapple with intensifying protests over racial injustice, Congress is indefinitely delaying discussions of a second $1,200 stimulus check. The pause is erasing hopes of a quick second payment. The initial, $1,200 stimulus …
Music & Entertainment Companies Rally Around ‘Black Out Tuesday’
What started with a a sprinkling of major label divisions has now stretched to cover a broad swath of music and entertainment companies. Now, ‘Black Out Tuesday’ is being observed by a substantial number of entertainment industry professio…
AFM & SAG-AFTRA Owes Session Musicians and Background Vocalists $46 Million — Here’s How Eligible Performers Can Get Paid
As part of a proposed settlement with the American Federation of Musicians (AFM) & SAG-AFTRA, certain session musicians and background vocalists will receive a total of nearly $46 million in owed, previously unpaid royalties. Each year, AFM & S…
Latest $1,200 Stimulus Checks Look Exactly Like Junk Mail — Don’t Throw Them Out
The latest batch of $1,200 stimulus checks look a lot like junk mail (hint: they aren’t). Already, several incidents of Americans tossing out their $1,200 stimulus checks have been reported. That includes one Atlanta-based musician who almost thr…
Is Coachella Cancelled? Headliners Reportedly Being Asked to Move to 2021
Is Coachella cancelled for 2020? As the prospects for a near-term reopening of live events in California continue to dim, organizers are reportedly asking artists to shift their performances to next year. Coachella’s iconic festival may not happe…
Live Nation Wriggles Out of Its $400 Million Acquisition of Ocesa Entertainment
Live Nation’s high-priced acquisition of a majority share of Ocesa Entertainment — which tipped the scales at an estimated $400 million — has now been called off. The acquisition was first announced in July of 2019 — back when a complete shutdown…
Is a Second Stimulus Check Coming? U.S. Senate Says ‘Not So Fast’
U.S. Senators have vowed to block the House-approved Heroes Act (H.R. 6800), which contains a second — and bigger — stimulus check for Americans. But that doesn’t mean a second stimulus check won’t eventually be approved. Will Americans rec…
The Music Industry’s First Coronavirus Survivor Describes the Sucky Ordeal
Nobody said coronavirus was a walk in the park. Though it looks like Grammy-winning music producer Andrew Watt is the music industry’s first bonafide survivor. Universal Music Group CEO Lucian Grainge was the first music industry figure to be dia…
Live Nation Faces Serious Downgrade as Stock Tanks Another 15%
Shares of Live Nation continued their downward descent on Monday as broader live event cancellations now seem inevitable. Live Nation, which has already been forced to mass-cancel the entire month of March, now seems likely to broaden its blackout peri…