And The Update Is...August 23, 2021
And The Writer Is...with Ross Golan
And The Writer Is
4.9 • 1.2K Ratings
🗓️ 23 August 2021
⏱️ 6 minutes
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| 0:00.0 | Welcome to and the update is I am your host Paige McDonald and this is your weekly music |
| 0:23.3 | industry update. Spotify just announced today on August 20th that it will be |
| 0:29.0 | commencing a stock repurchase program beginning in the 3rd quarter of 2021 where |
| 0:33.6 | they will buy back $1 billion of stock from shareholders. CSAC has acquired the |
| 0:40.6 | majority of the streaming royalties collection agency Audem from Socan. |
| 0:46.2 | The godfather of ADA David Orleens is transitioning into a new chairman |
| 0:51.5 | emeritus role at the Warner-owned company. Sarah Wilson has been named as head of |
| 0:57.9 | Tunecore UK with additional oversight over Ireland, New Zealand, and Australia. |
| 1:03.6 | Madonna and Warner Music Group have announced a career-spanning global |
| 1:08.1 | partnership that includes a new agreement for her entire recorded music |
| 1:11.9 | catalog. The US-based DIY distribution platform DistroKid confirmed this week |
| 1:18.0 | that it has accepted an investment from Insight Partners, which values it at |
| 1:21.6 | $1.3 billion. Moonbug Entertainment has inked an exclusive global |
| 1:28.0 | partnership deal with Universal Music Group. California will be requiring |
| 1:33.8 | proof of vaccination for large indoor events starting September 20th. |
| 1:39.7 | Warner Music Group's ADA Asia has entered into a partnership with Bahramay |
| 1:43.6 | Production, a premium music company that specializes in original Cambodian |
| 1:48.0 | talent. According to the announcement, this agreement marks the first time a |
| 1:51.8 | label from Cambodia has signed a deal with an international record company. |
| 1:57.6 | United Masters is now offering $1 million advances for indie artists. |
| 2:04.6 | Warner Chapel has signed 18-year-old UK rap producer C Beats. The young female |
| 2:11.1 | producer is making a name for herself thanks to her work with artists and |
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