GOT7, a renowned K-pop boy band has reportedly announced that it is officially parting ways with recording label JYP Entertainment, a leading South Korea-based multinational record label and entertainment conglomerate. Band members JB, Mark Tuan, Jinyoung, Jackson, BamBam, Yugyeom, and Youngjae, all took to their respective Instagram handles to make heartfelt posts, that apparently confirmed the official departure of the band from the agency.
According to reports, all GOT7 band members would be departing from JYP Entertainment after their respective exclusive contracts with the company come to an end in January. Band member Mark Tuan recently tweeted out to fans assuring them that all seven band members would be staying together as GOT7
The board of Hipgnosis, a renowned music IP investment company, has recently announced to its investors that the company has signed a new agreement with a syndicated group of lenders wherein JP Morgan & Chase Bank is the Lead Arranger. Reportedly, those lenders have raised Revolving Credit Facility of Hipgnosis from USD $400 million to $600 million. This has obviously increased Hipgnosisâ€™ access to credit by $200m on the companyâ€™s previous agreement with the lenders, announced last year in July.
In a note to shareholders, Hipgnosis stated that the company may request for a further increment of $150 million in the Revolving Credit Facility commitment, depending upon certain conditions. The company also added that as per
Renowned K-pop band, BTS, has reportedly made history in Japan by getting a platinum certificate from the RIAJ (Recording Industry Association of Japan), making it the first Korean music group to make this achievement.
Earlier in 2020, the Recording Industry Association of Japan implemented a novel certification system designed to measure online music streaming. The new system is an addition to the associationâ€™s pre-existing certification systems that measures digital download sales and physical album shipments. As per the novel system, songs are given a silver certification once they hit 30 million online streams, gold when they hit 50 million online streams, and platinum when they hit 100 million online streams.
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TikTok- a Chinese video-sharing social networking app owned by ByteDance, has reportedly rolled out a new feature dubbed â€˜Year on TikTokâ€™ which allows users to view the top videos, tracks, and effects they engaged in within the app throughout the year.
In addition to the above, this â€˜first-time-everâ€™ personalized feature will also help identify the userâ€™s favorite â€œvibesâ€- which includes the most liked videos, like cooking, animals, DIYs, travel, fashion, or any of the numerous communities that are available on the platform.
Notably, the mobile application available on both iOS and Android operating systems, includes TikTok highlights to scroll through, comprising of top creators, viral vid
Concord, one the largest independent recording labels, has reportedly renewed its existing global distribution agreement with one of the worlds leading music firm, UMG (Universal Music Group), maintaining a Business-to-Business partnership which has lasted for more than 15 years.
Under the novel contract, UMG would continue to physically as well as digitally make releases from frontline labels of Concord, under the leadership of Tom Whalley, Chief Label Executive, along with catalog projects, led by Sig Sigworth, Chief Catalog Executive. This would include recordings from Concord Jazz, Rounder Records, Loma Vista Recordings, Fearless Records, Fantasy Records, Craft Recordings, as well as KIDZ BOP, the No.1 music brand for kids.
K-pop band A.C.E. has reportedly inked an agreement with Asian Agent for its management in the U.S. as well as for the formulation of a global strategy. The announcement comes as the band members Chan, Jun, Byeongkwan, Donghun, and Wow, get ready for a busy 2021, which they say will comprise a fashion endorsement deal and star-powered music collaborations.
Danny Lee, Asian Agentâ€™s Chief Agent, Los Angeles, stated that the agency is glad to work on the expansion of A.C.E.â€™s international footprint. Lee was especially impressed by the live vocals of the group and the membersâ€™ street dancing background, complimenting that the band has made an impressive journey and it is great to witness their how far they have come. Ad
Spotify, the leading digital music service provider, has reportedly reset the passwords for its user accounts after identifying a security error which might have exposed account data. The leading music streaming service disclosed the pertaining details through a data breach notification that was submitted to the Office of the California Attorney General, detailing what exactly happened, what all information was involved, and what all action has the company has taken to address this issue.
This breach follows recent news where approximately 300,000 Spotify accounts were said to have been hacked in the beginning of this year, with login credentials, email addresses, as well as other user account data being exposed.
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Ever since the collapse of TikTok across various economies of the world, numerous companies and big brands have been rigorously looking forward to either acquiring vivid video platforms or creating new ones in an attempt to expand profusely in the global video app business space. In one similar instance, Reddit, one of the prominent social networking sites, has reportedly announced taking over TikTok alike video application- Dubsmash for an undisclosed transaction deal.
As per credible reports, TikTok rival Dubsmash is expected to retain its own brand and platform, while allowing Reddit to integrate its video creation tools. Moving further, it has been reported that app co-founders, Tim Specht, Suchit Dash, and Jonas Druppel would join R
South Korea based Big Hit Entertainment is reportedly commencing a new chapter in its history by hosting its first labels concert, bringing together artists from across the companyâ€™s wide portfolio.
The company was founded as a small organization by producer Band Si-hyuk in 2005. With its upcoming â€˜2021 New Yearâ€™s Eve Live â€“ presented by Weverseâ€™ concert, Big Hit is expected to prove itself to its investors as well as to the domestic music landscape, which is heavily dependent on key broadcasting networks and their productions.
As opined by Pop Culture Critic, Kim Heon-sik, holding a year-end concert entirely with the companyâ€™s artists is like the apex goal of any music agency and no company wo