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☆ 'Tourflation'? Taylor Swift, Beyoncé and Bruce Springsteen could be making inflation worse
▼ + stars: | 2023-07-11 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

Beyoncé performs onstage during the “RENAISSANCE WORLD TOUR” at PGE Narodowy on June 27, 2023 in Warsaw, Poland. "One of the things of course that struck me is how enormously high prices for concerts, for gigs have become," he told CNBC Make It. "I suspect that there is an impact on inflation overall from concert prices becoming more expensive. That's not necessarily due to one particular artist," he said, adding that concert prices themselves do, however, appear to have increased. Taylor Swift performs onstage during night one of Taylor Swift | The Eras Tour at Nissan Stadium on May 05, 2023 in Nashville, Tennessee.

Persons: Beyoncé, Kevin Mazur, Taylor Swift, Bruce Springsteen, Elton John, Harry Styles, Ed Sheeran, Natalie Merchant, Klaus Baader, It's, Filip Andersson, Andersson, it's, Philip Shaw, haven't, Baader, John Shearer, Shaw Organizations: PGE, Getty, Ticketmaster, U.K, Societe Generale, CNBC, Danske Bank, Nissan Locations: Warsaw, Poland, U.S, Sweden, Stockholm, Swedish, Nashville , Tennessee

☆ On Her Renaissance Tour, the World Is Beyoncé’s Ball
▼ + stars: | 2023-07-09 | by ( Lindsay Zoladz | ) www.nytimes.com time to read: +2 min

Beyoncé’s two solo releases before “Renaissance” — her 2013 self-titled album and “Lemonade,” from 2016 — were billed as “visual albums,” featuring a fully realized music video for each track. Throughout the set, Beyoncé wove interpolations of her predecessors’ songs throughout her own, as if to place her music in a larger continuum. The grandiose “I Care” segued into a bit of “River Deep, Mountain High,” in honor of Tina Turner, who died in May. (The merch on sale at a Renaissance Tour pop-up shop in the days before the show included a hand-held fan emblazoned with the song title “Heated” for $40. The show contained moments that sometimes felt conceptually cluttered and at odds with the “Renaissance” album’s sharp vision, like dorm-room-poster quotes from Albert Einstein and Jim Morrison that filled the screen during video montages.

Persons: ”, Casey Cadwallader, —, Loewe, Beyoncé, Tina Turner, Madonna’s, Albert Einstein, Jim Morrison Organizations: Jackson Locations: Spanish

☆ Concert season is so weird right now
▼ + stars: | 2023-07-08 | by ( Lisa Respers France | ) edition.cnn.com time to read: +5 min

Which “hurls” us into this week’s newsletter…Something to sip on…Pink performs on stage during a concert in Vienna, on July 1. ALEX HALADA/AFP via Getty Images“No home training.” – That’s what my late grandmother would have said about people who are throwing things at artists during concerts these days. Because clearly, if you are throwing things during a concert, you want to be a part of the performance. The married couple have a new weekly podcast, “The Best Podcast Ever.” Part of iHeartMedia’s Outspoken series, the project aims to amplify voices throughout the LGBTQ+ community. “The Best Podcast Ever” debuts July 10.

Persons: Pink, ALEX HALADA, ”, Lil Nas, Bebe Rexha, wilding, You’re, Tik tok, don’t, Charlie Puth, Adele, … Harrison Ford, Indiana Jones, That’s, ” “ Oppenheimer, Barbie ”, “ Barbie, Miranda Maday, Valerie Macon, Symoné, Miranda Pearman, “, Count, … Andrew Ridgeley, George Michael, Wham, Andrew Ridgeley, It’s, Michael Organizations: CNN, Getty, Lucasfilm, BEST, Netflix, Wembley Locations: Vienna, AFP, Stockholm, New York City, Vegas, Beverly Hills, China, England

☆ Taylor Swift changes controversial lyrics for ‘Better Than Revenge’
▼ + stars: | 2023-07-07 | by ( Lisa Respers France | ) edition.cnn.com time to read: +8 min

From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. Kevin Winter/ACMA/Getty Images Swift sings the National Anthem before Game 3 of the 2008 World Series in Philadelphia. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009. Jeff Kravitz/Getty Images Swift performs on stage during an "Eras Tour" concert in Atlanta in April 2023.

Persons: CNN — Taylor Swift, ” Swift, “, Swift, ” Taylor, shaming, ” Taylor Swift, Christopher Polk, Scott, Andrea Swift, Taylor Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, Taylor, I'm, West, Beyonce, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, didn’t, It’s, –, Scooter Braun, Braun Organizations: CNN, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, Getty, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Machine Locations: Los Angeles, West Reading , Pennsylvania, Philadelphia, Las Vegas, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, Germany, London, Arlington , Texas, Tampa, Chicago, Atlanta

☆ Indiana Jones, John Williams and the Art of Music You Can Barely Hear - The New York Times
▼ + stars: | 2023-07-07 | by ( Frank Lehman | ) www.nytimes.com time to read: +12 min

I’ve been fascinated with film music since elementary school, when I got a cassette tape called “Kid Stuff: An Afternoon at the Movies,” which featured Mr. Williams and the Boston Pops. No one exemplifies this better than Mr. Williams, who is still composing at 91. Mr. Williams accomplished this by inviting the trumpet section of the London Symphony Orchestra to blast away in its most piercing register. As he has with other cues, Mr. Williams has given this particular set piece an afterlife in concert performances. Keep your eyes shut!” Maybe then we’ll stop passively hearing film music and begin actively listening to it.

Persons: Indiana Jones, John Williams, doesn’t, He’s, I’ve, Williams, ”, Dvorak, Stravinsky, Bach, extol, Gene Shalit, “, —, “ Indiana Jones, you’ll, Kate Capshaw’s, Willie Scott, That’s, it’s, Mickey Mousing, Emilio Audissino, Daniel Goldmark, ” Mr, Mickey Mouser, Guy ”, Mousing, Beyoncé’s, Marion Ravenwood, Marion Organizations: Raiders, “ Star, “ Raiders, Boston Pops, London Symphony Orchestra, Berlin Philharmonic, ”, Hollywood, “ Locations: “, Indiana

☆ She's an 'Alien Superstar' — and now she's in housing. Beyoncé joins Kelly Rowland and the city of Houston in support of a new affordable development.
▼ + stars: | 2023-07-07 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

Beyoncé Knowles is teaming up with Kelly Rowland and Houston officials to support a housing project. It was unclear if Knowles and Rowland are investing in the project. However, Knowles and Rowland are among the few that have taken their real estate interests beyond the glitz and glamor of purchasing luxurious homes. With more buyers moving into the area, home prices and rents have surged as residents compete for housing. Given that statistic, he said he's "grateful" for the Knowles and Rowland project.

Persons: Beyoncé Knowles, Kelly Rowland, —, Knowles, Rowland —, Kennedy Sessions, Rowland, LeBron James, Shaquille O'Neal, Queen Latifah, they're, Harris, Lina Hidalgo, Joe Biden's, Houston Pastor, Rudy Rasmus, he's Organizations: Houston, Service, American, Harris County, Hollywood, NBA, Golden Globe, Coalition, Homeless, Census Bureau, Texas Tribune Locations: Houston, Harris County, Midtown, Harris, America

☆ Disco Cowboy Hats and Alien Sunglasses: What Beyoncé Fans Are Wearing to Her ‘Renaissance’ Tour
▼ + stars: | 2023-07-06 | by ( Chavie Lieber | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/beyonce-renaissance-tour-style-fans-b517208e

Persons: Dow Jones, b517208e

☆ In Paris, a Dinner at a Former Taxidermy Workshop
▼ + stars: | 2023-07-06 | by ( Julia Sherman | ) www.nytimes.com time to read: +3 min

Though far smaller in scale, the debut of We Are Ona’s Paris studio, on a crisp evening in spring, felt just as significant. As the sun set, friends began to trickle in, accepting glasses of celebratory champagne. Kenny Duncan, 35, a sculptor, found common ground with the chef Zélikha Dinga, 34, whose old-world desserts are presented with an artist’s eye. Behind her was an oil painting of a young woman in tears, a self-portrait by her dinner partner, the artist Inès Longevial, 32. “Four hundred people sat on 400 one-of-a-kind chairs,” Pronzato said.

Persons: Pronzato, Ona, Rihanna, Sayaka Sawaguchi, Gil Nogueira, Garde, Louis, Géraud Castor, Castor, Sébastien Meyer, Arnaud Vaillant, Mory Sacko, Louis Vuitton, Tropez, Kenny Duncan, Zélikha Dinga, Celine Pham, Inès Longevial, ”, he’s, Gaetano Pesce, ” Pronzato, “, — Organizations: Perron, Cartier, Louis, Reform Locations: Los Angeles, Champagne, Coperni, St ., Inari, Arles, Italian

☆ The Fed can’t decide how much money US households have left
▼ + stars: | 2023-07-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Interest rates are higher and so are prices, credit is drying up and there are signs that the labor market is finally softening. The problem is that no one, not even the Federal Reserve, knows how much longer the American consumer can keep on spending. Personal saving rates soared as a result, with US households amassing about $2.3 trillion in savings in 2020 and through the summer of 2021, according to Federal Reserve economists. Economists know that savings must be dissipating, but haven’t quite figured out just how much of that money is left. Just a few weeks later, economists at the Federal Reserve Board of Governors in Washington said just the opposite.

Persons: New York CNN — There’s, we’ve, ”, Torsten Slok, Lydia Boussour, Hanna Ziady, Xiaofei Xu, Beijing’s, Laura He, Wei Jianguo, Funflation, Beyflation — Taylor Swift, Fisher, don’t Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Commerce Department, Federal Reserve Bank of San, Governors, Apollo Global Management, Consumer, Reuters, China Daily, Fisher Investments, National Statistics Locations: New York, Federal Reserve Bank of San Francisco, Washington, United States, EY, Boussour, China, Beijing, Japan, Italy, Netherlands, Swiftflation

☆ ‘Now, Let’s Be a Starfish!’: Learning With Ms. Rachel, Song by Song
▼ + stars: | 2023-06-30 | by ( Mckenna Oxenden | ) www.nytimes.com time to read: 1 min

Rachel Griffin Accurso was rushing to grab pastries on her way to a recording studio one spring morning in Manhattan. She grew hot as she left the subway with the sun beating down on her, and she took her jacket off without thinking. And just like that, she had unintentionally transformed into her alter ego. She had morphed publicly into Ms. Rachel, playfully described as the “Beyoncé for toddlers” in a TikTok comment. For many, she has become a household name as she has seen her children’s videos, “Songs for Littles,” skyrocket in popularity over the last year, garnering more than 4.8 million YouTube subscribers.

Persons: Rachel Griffin Accurso, Rachel, ” Locations: Manhattan

The cost of certain goods is retreating in some places, but that doesn't include live music. Concert tickets have surged in price, to the point where economists are noticing. While ticket prices have increased, he said, mid-year figures haven't shown an appreciable rise since May 2022, when U.S. inflation was 8.6%. In India, fans are happy to pay a premium for quality entertainment, according to Owen Roncon, chief of business for Live Entertainment at BookMyShow. In Britain, about 150,000 music fans paid 340 pounds ($431)for a ticket to June's Glastonbury festival to see Elton John and hundreds of other acts.

Persons: Taylor Swift, Bruce Springsteen, haven't, Mario Ihieme, Paul Donovan, Harry Styles, Joel Barrios, Carolina Candelas, Andy Gensler, Pollstar, TD Cowen, Stephen Glagola, Elton John, Jason Cairnduff, Bruno Mars, Coldplay, Fairuz Zahari, Ed Sheeran, Owen Roncon, Eventbrite, Michael Rapino, Beth Cook, Dawn Chmielewski, Danielle Broadway, Sachin Ravikumar, David Milliken, Sharon Kimathi, Rozanna, Radhika Anilkumar, David Gaffen, Catherine Evans Organizations: LOS ANGELES, National Statistics, UBS Global Wealth Management, Stubhub, Ticketmaster, REUTERS, U.S . Labor Department, Backstreet, Live Entertainment, Backstreet Boys, Entertainment, Thomson Locations: Asia, U.S, GLASTONBURY, England, London, Seattle, Mexico City, Los Angeles, Europe, Barcelona, Glastonbury, Somerset, Britain, Malaysia, Australia, India, Leeds, Kuala Lumpur, Bangalore

The cost of certain goods is retreating in some places, but that doesn't include live music. Concert tickets have surged in price, to the point where economists are noticing. Event prices in UK inflation data are based on when shows take place, not when tickets are bought. While ticket prices have increased, he said, mid-year figures haven't shown an appreciable rise since May 2022, when U.S. inflation was 8.6%. The U.S. Labor Department does not specifically measure inflation for concert prices, but the inflation rate for live performing admission events is currently 2.6 percentage points more than U.S. headline inflation.

Persons: Taylor Swift, Bruce Springsteen, haven't, Mario Ihieme, Paul Donovan, Harry Styles, Joel Barrios, Carolina Candelas, Andy Gensler, Pollstar, TD Cowen, Stephen Glagola, Bruno Mars, Coldplay, Fairuz Zahari, Ed Sheeran, Owen Roncon, Eventbrite, Michael Rapino, Elton John, Beth Cook, Dawn Chmielewski, Danielle Broadway, Sachin Ravikumar, David Milliken, Sharon Kimathi, Rozanna, Radhika Anilkumar, David Gaffen, Catherine Evans Organizations: LOS ANGELES, National Statistics, UBS Global Wealth Management, Stubhub, Ticketmaster, U.S . Labor Department, Backstreet, Live Entertainment, Backstreet Boys, Entertainment, Thomson Locations: Asia, U.S, GLASTONBURY, England, London, Seattle, Mexico City, Los Angeles, Europe, Barcelona, Malaysia, Australia, India, Britain, Leeds, Glastonbury, Kuala Lumpur, Bangalore

☆ Some fans have turned on Lana Del Rey. Here's a complete timeline of how the singer soured her own reputation.
▼ + stars: | 2023-06-26 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +32 min

May 2020: Del Rey posted an unprompted public statement about her own reputationIt all began on May 21, four months after she attended the 2020 Grammys, when Del Rey shared a lengthy open letter on Instagram. —Lana Del Rey (@LanaDelRey) January 12, 2021—Lana Del Rey (@LanaDelRey) January 12, 2021Hardly one to stifle momentum, Del Rey also responded to the Australian blog Tone Deaf, which had published an article criticizing the defense of her album cover. —Lana Del Rey (@LanaDelRey) January 12, 2021—Lana Del Rey (@LanaDelRey) January 12, 2021Del Rey continued tweeting about her BBC interview, clarifying that she meant to criticize Trump's "significant lack of empathy" and "the issue of sociopathy and narcissism in America." Advertisement—Lana Del Rey (@LanaDelRey) January 12, 2021—Lana Del Rey (@LanaDelRey) January 12, 2021She also expressed disdain for negative publicity, citing her "long term relationship" with magazines like Complex and Rolling Stone, calling the former "pathetic." June 24, 2023: Del Rey arrived 30 minutes late to the stage at Glastonbury, telling the crowd, 'My hair takes so long to do'Lana Del Rey performs at Glastonbury Festival.

Persons: Lana Del Rey, Del Rey, —, Norman, Rockwell, Del Rey's, Del, she's, Ariana, Camila, Cardi, Nicki Minaj, Beyoncé, Lizzy Grant, Fader, Helen Brown, Brown, Christine Capetola, Lana, Ashley Reese, YouTuber D'Angelo Wallace, Lana Del, that's, Karen, Wallace, Nichole Perkins, Roxane Gay, Ariana Grande, Cat, Pence, It's, Magdalene, George Floyd, Kehlani, Tinashe, Violet, Noble, lana, frick, preemptively, I'm, Annie Mac, Trump, Donald Trump, Lana stans, Mac, Biden, I've, tweeting, Trump's, Steven Hyden, Ann Powers, Powers, they'd, Judah Smith, megachurch Churchome, Smith, Jack Antonoff, God, desirs, Marie Claire, Chris Pratt, Justin Bieber, Judah, Coleman Spilde, Joseph Okpako, WireImage Del, who's, Let's Organizations: Service, Pitchfork, Independent, Tulane, Trump, Twitter, Country, Billboard, Barnes, CDC, ppl, Michigan, YouTube, Capitol, NPR, Hall of Fame, BBC, Hillsong, Daily, Catholic Church, Glastonbury, Glastonbury Festival Locations: Los Angeles, America, Del Rey's, Del Rey, Churchome, y'all, WireImage Del Rey, Glastonbury

☆ Taylor Swift and the Economics of Superstar Tours - The New York Times
▼ + stars: | 2023-06-20 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

In particular, as I’ll explain, the real puzzle here is why Taylor Swift doesn’t make even more money. Inspired in part by the work of my late former colleague Alan Krueger, I have in fact weighed in on Taylor Swift in historical perspective before. So, Taylor Swift makes a lot of money. But on the surface, that’s not what’s happening with Taylor Swift or Beyoncé. They’re making huge sums not mainly from record or streaming royalties but from concerts — which is, by the way, normal.

Persons: Taylor Swift, Alan Krueger, Sherwin Rosen, ” Rosen

At the same time, the property price surge and demand for the ultra-high-end segment is stirring memories of old excesses. In 2008, the global financial crisis hit Dubai hard, leading to a flight of capital and people, a crash in property prices and highly leveraged flagship companies known as government-related entities (GREs) struggling to repay debts. Dubai set up a Debt Management Office in 2022, has repaid or restructured some outstanding debt, and announced plans to list government stakes in 10 companies to raise capital and deepen financial markets. 'GLOBAL SAFE HAVEN'The United Arab Emirates' commercial centre, Dubai has shovelled resources into social and business reforms and sectors like digital technology. Average property prices rose 12.8% in Q1, with villa prices up almost 15%, according to property research firm CBRE.

Persons: Knight Frank, Nasser Al Shaikh, GREs, Shaikh, Justin Alexander, Betterhomes, Richard Waind, Philippe Zuber, Beyonce, Rachna Uppal, Yousef Saba, Lisa Barrington, William Maclean Organizations: Reuters, Khalij, GlobalSource Partners, Dubai Media Office, Management, HAVEN, United Arab Emirates, Villa, Dubai Inc, Emirates, Kerzner, Thomson Locations: Ukraine, DUBAI, Dubai, glitzy, Property, Jebel Ali, Abu Dhabi, Gulf, India, Saudi Arabia, UAE

☆ Egypt Spars With Dutch Museum Over Ancient History
▼ + stars: | 2023-06-18 | by ( Vivian Yee | ) www.nytimes.com time to read: +1 min

A new Dutch museum exhibit declares, “Egypt is a part of Africa,” which might strike most people who have seen a map of the world as an uncontroversial statement. But the show at the National Museum of Antiquities in Leiden goes beyond geography. It explores the tradition of Black musicians — Beyoncé, Tina Turner, Nas and others — drawing inspiration and pride from the idea that ancient Egypt was an African culture. The exhibit is framed as a useful corrective to centuries of cultural erasure of Africans. And some feel that it is their culture and history that are being erased in the Western quest to correct historical racism.

Persons: — Beyoncé, Tina Turner, Nas Organizations: National Museum of Antiquities, Facebook Locations: Egypt, Africa, Leiden, African, United States, Netherlands, East, North Africa

☆ Beyoncé shows blamed for fueling inflation in Sweden
▼ + stars: | 2023-06-16 | by ( Patrick Smith | ) www.cnbc.com time to read: +5 min

Beyoncé performs onstage during the opening night of the “RENAISSANCE WORLD TOUR” at Friends Arena on May 10, 2023 in Stockholm, Sweden. Beyoncé has won a record number of Grammys, has become one of the best-selling musical artists in the world and is on a sold-out, record-breaking world tour. "So whilst Beyoncé may have caused a shock to one month's data, she's not the reason for inflation in Sweden that's well above the central bank's target," he said. As in many European countries, Sweden has faced sharp inflation and higher household costs since Russia's invasion of Ukraine disrupted the wholesale energy market and distribution networks. And as for Grahn, he is not expecting to remain of interest to either Beyoncé fans or the world's media.

Persons: Beyoncé, Queen Bey, Sweden's, Michael Grahn, It's, Grahn, hadn't, Bruce Springsteen, James Pomeroy, she's, Marcus Widén, I'm Organizations: Friends Arena, National, Denmark's Danske Bank, NBC, HSBC, Sweden that's, Entertainment, Nordic, European Union Locations: Stockholm, Sweden, United States, North Carolina, Europe, Swedish, Gothenburg, Ukraine

☆ The Unexpected Beyoncé Effect: Hotter Inflation
▼ + stars: | 2023-06-15 | by ( Eshe Nelson | ) www.nytimes.com time to read: +1 min

In Europe’s relentless battle against inflation, another culprit has apparently emerged: Beyoncé. This could explain some of the reason Sweden’s inflation rate was higher than expected in May. Consumer prices in Sweden rose 9.7 percent last month from a year earlier, the country’s statistics agency, Statistics Sweden, said on Wednesday. Michael Grahn, an economist at Danske Bank, said that the start of Beyoncé’s tour might have “colored” the inflation data. “How much is uncertain,” he wrote on Twitter, but it could be responsible for most of the 0.3 percentage point that restaurant and hotel prices added to the monthly increase in inflation.

Persons: Michael Grahn, ” Organizations: Statistics, Danske Bank, Twitter Locations: Stockholm, Sweden, Statistics Sweden

☆ Beyoncé blamed for keeping inflation high in Sweden. Is Springsteen next?
▼ + stars: | 2023-06-15 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Swedish consumers now have Beyoncé to blame for their bills, bills, bills. “[That’s] definitely not normal,” Grahn told CNN. Some of Beyoncé’s US fans told BuzzFeed News in February that they had snapped up tickets for the singer’s Swedish concerts at a huge discount to her US shows. Still, he expects the Beyoncé effect to be short-lived, with hotel prices likely to fall over June. Bruce Springsteen is due to play three shows in the Swedish city of Gothenburg later this month, which could put an upward pressure on prices, Grahn said, but that’s not as likely.

Persons: Michael Grahn, ” Grahn, Grahn, Bruce Springsteen, that’s, Beyoncé, ” Organizations: London CNN, Danske Bank, Reuters, CNN, “, BuzzFeed News Locations: Denmark, Stockholm, Sweden, Swedish, Gothenburg

☆ Twitter has gotten away with not paying music publishers for copyrighted songs for years. A $250 million lawsuit might change that.
▼ + stars: | 2023-06-15 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +5 min

A group of music publishers filed a lawsuit Wednesday alleging "massive" copyright infringement. With violations of about 1,700 songs up to $150,000 each, the lawsuit could total about $250 million. A group of music publishers allege Twitter has allowed "massive" copyright infringements to happen, and claim the company profits from it. However, the music copyright suit only partially relates to Musk's ownership, and has been years in the making. The suit from a group of 17 music publishers, all members of the National Music Publishers' Association, alleges Twitter has operated for years as the only major social media platform that does not pay licensing fees to music labels to have their copyrighted music on their platform.

Persons: Twitter, Musk, Rihanna, Beyonce, Getty, Elena di Vincenzo Organizations: Morning, Twitter, National Music Publishers ' Association, YouTube, Facebook, Universal, Sony, Warner, The New York Times, The Times Locations: Tennessee, San Francisco

☆ What a Long, Strange Few Years It Was for Weddings. Bring On the Joy.
▼ + stars: | 2023-06-15 | by ( Perri Ormont Blumberg | ) www.nytimes.com time to read: +1 min

Amazon Prime’s “Daisy Jones & The Six” set in the rollicking landscape of Sunset Strip in 1977. Dead & Company’s final tour this summer. It can seem like the ’70s are everywhere again. And this includes weddings. “We were all locked up for so long that now couples are really emphasizing the experience of the guest,” Ms. Mastriano said.

Persons: Daisy Jones, ”, Sarah Mastriano, “, ” Ms, Mastriano, Hilary Katzman, Bryan Kayne Locations: Sunset, Red Bank, N.J, Manhattan

☆ Company execs used to trumpet their diversity and climate efforts. Now not so much
▼ + stars: | 2023-06-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Just 74 members of the S&P 500 even mentioned “ESG” in their first quarter earnings calls, according to new FactSet data. ESG funds have also lost popularity with investors. Total assets under management in ESG funds fell by about $163.2 billion globally during the first quarter of 2023 from the year before, according to data provider Lipper. The Congressman asked whether the company’s diversity initiatives were “directing resources away from the important things like greasing wheel bearings?”Companies “see that certain terms have become lightning rod terms. “You can say you’re increasing diversity initiatives just for the optics, but without data to back it up, you’ll eventually get called out by stakeholders,” he said.

Persons: New York CNN —, George Floyd, “, “ ESG, It’s, —, Lipper, What’s, Bud Light, influencer Dylan Mulvaney, Mike Collins of, ”, Douglas Chia, Chia, they’re, ” It’s, David Duffy, they’ll, you’ll, ’, Powell, Bryan Mena, Jerome Powell, ” Powell, Dow, Stocks, Beyoncé, Anna Cooban, Michael Grahn, ” Grahn, Bruce Springsteen, Grahn, that’s Organizations: CNN Business, Bell, New York CNN, InBev, Silicon Valley, Norfolk Southern, Conference Board’s ESG, . Firms, Securities and Exchange Commission, Federal Reserve, KPMG, Corporate Governance Institute, “, Nasdaq, Danske Bank, Reuters, CNN Locations: New York, Ukraine, United States, America, Silicon, Mike Collins of Georgia, East Palestine , Ohio, Denmark, Stockholm, Sweden, Swedish, Gothenburg

☆ The Beyoncé Effect: Sweden’s Inflation Feels the Hit
▼ + stars: | 2023-06-14 | by ( Joseph Pisani | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Beyoncé single-handedly increased inflation in Sweden, economist says
▼ + stars: | 2023-06-14 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +2 min

Beyoncé kicked off her blockbuster Renaissance tour in Stockholm, Sweden. The shows attracted a surge in hotel stays which impacted the country's inflation, an economist said. Economist Michael Grahn told The Wall Journal he considered it a "Beyoncé blip." On Wednesday, Sweden Statistics, a government agency, said restaurants and hotels added 0.3 percentage points to the rate while recreation and culture metrics contributed 0.2 percentage points, according to The Financial Times. "Beyoncé is responsible for the extra upside surprise this month," Grahn added to The Financial Times.

Persons: Beyoncé, Michael Grahn, —, — Bruce Springsteen, Grahn, Taylor Swift's, Swift, didn't Organizations: Service, Danske Bank, Wall Street, Sweden Statistics, Financial Times, Forbes, Parkwood Entertainment Locations: Stockholm, Sweden, Gothenburg

☆ Grammys add Best African Music Performance category
▼ + stars: | 2023-06-14 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Next year’s Grammys will feature three new categories, including Best African Music Performance, as the awards move to reflect the massive popularity of Afrobeats around the world. The category “recognizes recordings that utilize unique local expressions from across the African continent,” the organizers said in a statement published Wednesday. Throughout the year, the Recording Academy – the group of music industry professionals that presents the Grammy Awards – accepts proposals from its members for new categories. Those proposals are then reviewed by a committee and voted on by the academy’s board of trustees. At a meeting in May, the trustees voted to introduce the Best African Music Performance category, as well as awards for Best Alternative Jazz Album and Best Pop Dance Recording, the statement said.

Persons: –, Harvey Mason Jr, Afrobeats, Mason Jr, ”, Beyoncé, Drake, Ed Sheeran, they’ve Organizations: CNN, Recording Academy, ” Recording, TikTok, Billboard, Company Locations: West Africa, Africa

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