Category Archives: Music industry

Reselling tickets for profit to be outlawed in UK government crackdown

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Touts, and ordinary consumers, will no longer be able to charge anything more than price at which they bought ticket

Reselling tickets for profit is to be outlawed under plans due to be announced this week, the Guardian has learned, as the government goes ahead with a long-awaited crackdown on touts and resale platforms such as Viagogo and StubHub.

Ministers had been considering allowing touts – and ordinary consumers – to sell on a ticket for up to 130% of face value, as part of a consultation process that ended earlier this year.

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Isle of Wight festival increases profits despite fall in attendance

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Festival made £3.4m profit in 2024, generating £2.6m dividend for its parent company, part of Live Nation

Pet Shop Boys and The Prodigy helped the Isle of Wight music festival increase its profits last year, generating a £2.6m dividend for its parent company, a division of the events industry’s biggest player, Live Nation.

In a year when many smaller music festivals lost money or were cancelled amid wet weather and soaring costs, the summer showpiece on the island, a ferry ride across the Solent from England’s southern coast, managed to prosper.

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Resale ‘subterfuge’: Viagogo sent fan his tickets along with a stranger’s passport

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Experiences of booking for big London gigs underscore the opaque practices of some online platforms

When Danny bought tickets to see Deftones in Crystal Palace Park he was not expecting to be initiated into an apparent subterfuge.

Yet shortly before the south London gig, Viagogo, the resale platform that sold him the tickets, sent him a scanned copy of a passport ID page belonging to a Dutch man he had never met.

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Festivalgoers help drive Burberry to best sales performance in 18 months

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Music fans snap up wellies, scarves and light jackets, with shares rising more than 4% on back of better-than-expected performance

Shoppers snapping up Burberry wellies, scarves and light jackets to wear at music festivals have helped the fashion brand to its best sales performance in 18 months despite lacklustre spending by tourists around the world.

Sales of the luxury British brand fell by 2% to £433m in the three months to the end of June, with a 1% decline at established stores, an improvement from the 6% fall in the previous quarter and the best performance since Christmas 2023.

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UK pop stars fail to reach global Top 10 albums and singles chart for first time since 2003

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Global chart dominated by US acts including Benson Boone, Taylor Swift, Billie Eilish and Sabrina Carpenter, with K-pop bands also strong

British pop stars have failed to reach the worldwide annual charts of the year’s Top 10 biggest singles and albums for the first time in more than two decades.

In 2022, UK acts such as Harry Styles and Glass Animals made up seven of the 20 entries in the International Federation of the Phonographic Industry (IFPI) list. This year, the leading UK act was producer and singer Artemas, for I Like the Way You Kiss Me.

Taylor Swift – The Tortured Poets Department

Billie Eilish – Hit Me Hard and Soft

Sabrina Carpenter – Short n’ Sweet

Enhypen – Romance: Untold

SZA – SOS

Seventeen – Spill the Feels

Morgan Wallen – One Thing at a Time

Seventeen – 17 Is Right Here

Noah Kahan – Stick Season

Stray Kids – ATE

Benson Boone – Beautiful Things

Sabrina Carpenter – Espresso

Teddy Swims – Lose Control

Billie Eilish – Birds of a Feather

Shaboozey – A Bar Song (Tipsy)

Hozier – Too Sweet

Post Malone – I Had Some Help ft Morgan Wallen

Kendrick Lamar – Not Like Us

Taylor Swift – Cruel Summer

Noah Kahan – Stick Season

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EU accused of leaving ‘devastating’ copyright loophole in AI Act

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Architect of copyright law says EU is ‘supporting big tech instead of protecting European creative ideas’

An architect of EU copyright law has said legislation is needed to protect writers, musicians and creatives left exposed by an “irresponsible” legal gap in the bloc’s Artificial Intelligence Act.

The intervention came as 15 cultural organisations wrote to the European Commission this week warning that draft rules to implement the AI Act were “taking several steps backwards” on copyright, while one writer spoke of a “devastating” loophole.

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UK music industry hails proposals to crack down on ticket touting

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Resale prices could be capped at 30% over face value, while resale websites face greater legal obligations

The price at which tickets for live events can be resold is to be capped under “gamechanging” proposals put forward by the government to crack down on touting in the sector.

In a move hailed by music industry figures, the culture minister, Lisa Nandy, has launched a consultation that she said would end the “misery” of fans being exploited by touts, some of whom have made huge profits by selling hundreds of tickets a year.

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Controversial dynamic ticket pricing to be banned in Australia amid sweeping federal crackdown

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Anthony Albanese says ‘dodgy’ trading practices, ‘hidden fees and traps are putting even more pressure on the cost of living’ and need to be stopped

The “dynamic pricing” of concert tickets will be banned as the federal government cracks down on “dodgy” trading practices and tackles hidden fees and subscription “traps” for online shopping, gym memberships and airline tickets.

Anthony Albanese and the treasurer, Jim Chalmers, will on Wednesday announce plans to ban unfair trading practices under Australian consumer law, the latest consumer-focused competition and pricing changes proposed by the government and badged as cost-of-living relief.

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Calls for ACCC investigation into live music industry amid warnings artists may be getting ‘ripped off’

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Multinational claims upcoming ABC report into it will likely be ‘inaccurate and unbalanced’ as experts say without intervention smaller venues will struggle to survive

Calls are mounting for the Australian Competition and Consumer Commission (ACCC) to investigate business practices in the live music industry, as the ABC prepares to air a Four Corners report scrutinising the Australian arm of the live entertainment behemoth Live Nation.

The public broadcaster began promoting the Monday night program late last week, alleging monopolistic behaviour and “maximising profits at the expense of both consumers and artists”.

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UK music industry presses government to solve post-Brexit limits on touring

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As documents reveal EU ‘not prepared’ to change, Keir Starmer is reminded of Labour’s manifesto pledge

Industry insiders have urged the UK government to find a solution to post-Brexit restrictions on live music touring, after EU documents suggested Brussels was “not prepared” to change regulations.

In Labour’s manifesto, Keir Starmer pledged to improve trade and investment relations with the EU to “help our touring artists” . Since Brexit, musicians touring the EU have faced barriers introduced in the EU-UK Trade and Cooperation Agreement (TCA). They can work up to 90 out of every 180 days, which causes problems for longer tours, musicians who work in multiple bands or orchestras, and crew required on site before and after performances.

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Love story: Taylor Swift’s Eras Tour at Wembley – photo essay

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Scottish photographer Dougie Wallace documented the Swifties from the UK and beyond decked in their finery to see their hero perform

As Taylor Swift’s Eras Tour sweeps across the globe, it’s on track to gross more than $1bn (£770m) by the end of 2024, having already become the first tour to pass that figure last year.

Economists have even started talking about the “Swift effect” or Swiftonomics. Rumour has it that the tour’s impact may have played a role in the Bank of England’s deliberations before cutting its interest rate at the start of this month. With almost 1.2 million fans attending concerts in the UK, each spending an estimated average of £848 on the overall experience of attending the concerts, the surge in spending sparked a short-term bump in inflation.

‘Infectious energy that could only come from dedicated Swifties who had travelled from all corners of the UK and beyond. Being from Scotland and not into football meant I was visiting Wembley for the first time.’

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UK music investor Hipgnosis agrees £1.1bn takeover by Concord Chorus

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Shares in Beyoncé and Neil Young song fund rise amid hopes uncertainty over its future could be over

The embattled British music royalties investment fund Hipgnosis, which owns the rights to songs by artists from Beyoncé to Neil Young, has agreed to a $1.4bn (£1.1bn) takeover by a music and theatrical rights rival after months of turmoil over the company’s structure and leadership.

The Concord Chorus deal, which offers Hipgnosis shareholders a 32% premium to Thursday’s share price at $1.16 a share, could put an end to uncertainty over the FTSE 250 firm’s future.

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European cities hope jet-setting Taylor Swift fans will splash the cash for Eras tour

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The superstar arrives in Europe next month – and Swifties, tourist boards and venues are already preparing

Tim Brown, 44, and his wife, Marcella, 34, may not consider themselves bona fide “Swifties”, but when it was announced last June that Taylor Swift would be visiting their corner of the globe this summer they could not resist joining the scramble for a pair of tickets.

A post-pandemic appetite for live music events has fuelled huge worldwide interest in the American singer-songwriter’s Eras tour, which surpassed in $1bn sales in November to become the highest-grossing series of concerts in history.

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Danish man on trial over alleged £500k music streaming fraud

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Aarhus court hears he may have profited from artificially generated playbacks, in case thought to be first of its kind

A Danish man has gone on trial in the city of Aarhus over accusations that he fraudulently made 4.38m kroner (more than £502,000) in royalties on music streaming sites, in what is thought to be the first such trial of its kind.

Prosecutors allege that the 53-year-old profited from streams of 689 pieces of music across services including Spotify, Apple Music and YouSee Musik. They say the huge numbers of streams required to generate that amount of money could not have been generated by genuine users and that unauthorised techniques were likely to have been deployed instead. The alleged fraud is understood to have happened between 2013 and 2019.

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Elton John to auction off 900 items worth $10m from former Atlanta home

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Silver boots, Banksy original, pinball machine and more going under hammer at Christie’s, New York

Fans of Sir Elton John’s flamboyant style will next week have the chance to splash out on his snappiest Versace looks in a huge 900-plus lot auction that includes the contents of the Rocket Man’s $7.2m (£5.7m) Atlanta apartment.

Christie’s auction house in New York’s Rockefeller Center has been transformed into a John emporium for two live – and six online – sales of the singer’s collection, including several pairs of his trademark thick rim spectacles and a vast art collection that features a Love, Lust and Devotion section dedicated to his treasure trove of male art.

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‘Greedy and dishonest’ touts sold tickets worth £6.5m, court hears

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Ed Sheeran and Little Mix fans among those targeted by firm that resold on Viagogo and StubHub

Ticket touts acting out of “greed and dishonesty” sold tickets worth £6.5m to music fans, a court has heard, as a woman known as the “Ticket Queen” pleaded guilty to fraudulent trading nearly seven years after being named in an Observer investigation.

TQ Tickets Ltd, owned by Maria Chenery-Woods of Norfolk, used fake identities to hoover up large numbers of tickets for acts such as Ed Sheeran and Little Mix, prosecutors for National Trading Standards said.

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Music executive LA Reid accused of sexual assault in lawsuit

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Ex-executive Drew Dixon alleges Reid, known for growing stars such as Usher and Pink, assaulted her twice and derailed her career

LA Reid, the music executive known for helping develop superstars Mariah Carey, Pink, TLC and Usher, was sued on Wednesday by a former music executive who accused him of sexually assaulting her more than two decades ago.

Drew Dixon said Reid, 67, derailed her once promising music industry career after he became Arista Records’ chief executive because she rejected his advances, including two assaults that she said occurred in 2001.

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J-pop agency Johnny & Associates to change name amid sexual abuse scandal

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Japanese talent agency to create new firm to manage artists as it tries to distance itself from disgraced founder

The Japanese talent agency Johnny & Associates, whose late founder has been accused of sexually abusing hundreds of boys and young men, will change its name and establish a new firm to manage upcoming artists, as it struggles to repair its battered reputation.

The agency’s president, Noriyuki Higashiyama, told a televised press conference on Monday that the company would be renamed Smile-Up, as part of its attempts to distance itself from its disgraced founder, Johnny Kitagawa.

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Private equity pioneer Guy Hands to leave Terra Firma ‘when I’m 64’

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Dealmaker and ardent Brexit critic to leave senior posts at firm he founded more than 20 years ago

Private equity tycoon Guy Hands referenced a Beatles song as he informed staff of his decision to leave the buyout firm he founded two decades ago.

The billionaire dealmaker told staff on Friday he would leave the posts of chairman and chief investment officer at Terra Firma Capital Partners in August, drawing to a close a high-profile, chequered career.

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US vinyl sales up 21.7% for first half of 2023, report finds

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Vinyl boom continues with another major leap and Taylor Swift’s Midnights leading the pack

Vinyl sales in the US are up 21.7% for the first half of 2023 over the same period last year, according to a new music industry report.

The vinyl resurgence is itself not new – 2022 marked the 17th consecutive year that sales of vinyl records rose, according to Luminate’s music midyear report. But the growth rate this year has reassured experts that the vinyl market did not hit a natural plateau after surging during the pandemic, which caused a 108% increase in 2021.

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