| We've covered the music business each day since 21 Jun 2002 Today's email is edition #5334 |
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| | In todayâs CMU Daily: If you thought youâd managed to tune out the endless droning of budget coverage and analysis, think again. CMU tells you (almost) everything you need to know about this yearâs budget, announced yesterday by the UK government
Also today: Tidal is about to instigate a significant downsizing, with up to a quarter of its 400 employees facing redundancy; internet companies tell US government web-blocking orders targeting DNS resolvers can âfragment the global internetâ; Megan Thee Stallion has sued YouTuber Milagro Gramz for allegedly publishing false statements and malicious content Plus: JAGGED BAPTIST CLUB is CMU Approved
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| | NTIA lashes out against minimum wage increase for hospitality sector workers as music industry comments on the budgetâs impact | | Budget day! Every political nerdâs favourite day of the year, replete with archaic traditions, including the right to drink booze in the House Of Commons, using a ratty old box made in 1860 to carry important government papers, and hours long discussions about who lives at which number of Downing Street. Absolutely fascinating for everyone, but mainly because it lets you know how bad your financial outlook is going to be for the next year.
Unless you fly around the place on private jets or have kids at a posh school, this yearâs budget - for most people - didnât deliver any nasty shocks. However, for many businesses the news was somewhat less rosy. In particular, the impacts of this yearâs budget on parts of the music industry may be significant.
Given the UK government had been trailing most of the key bits of the budget since pretty much the day they took office in July, there wasnât much yesterday that was a huge surprise.
Everyone knew that national insurance contributions were going to go up, but yesterdayâs announcement clarified the fine detail. This is likely to be the thing that has the most immediate impact on smaller music businesses and particularly those in London where median wages are higher than the rest of the UK.
However, this was not a huge shock to anyone, having been trailed for some time prior to the budget announcement. Nor was the annual rise in the minimum wage, which will increase from ÂŁ11.44 to ÂŁ12.21 an hour from April 2025.
That didnât stop the Night Time Industries Association lashing out against the 6.7% increase for the UKâs lowest paid workers. In a statement sent out in advance of the budget announcement, Michael Kill, CEO of NTIA, said that the pending increase âfeels like a distraction from the main budgetâ, before going on to say that âminimum wage hikes may seem like a win for workers, but for small nightlife and hospitality businesses already stretched thin, itâs at breaking pointâ. He then claimed that the result might be that night time businesses start âcutting shifts and jobsâ so that companies can survive... | Read the full story | |
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| | | | | | | | | | | | | | | | | | | | đ See all current jobs at https://completemusicupdate.com/jobs | | Horizon is CMU's weekly newsletter that brings you a hand-picked selection of early-stage career opportunities from across the music industry. Whether you're looking for your first job in music or you're ready to take a step up, Horizon is here to help you find your dream job faster.
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| Tidal to make up to a quarter of its employees redundant | | Tidal is instigating another round of downsizing that will reportedly impact on up to a quarter of its employees, which is about 100 people.
According to Fortune, the CEO of parent company Block - Jack Dorsey - yesterday told the music streaming serviceâs team that Tidal needs to operate âlike a start-up againâ, which means reorganising the business so that it is run by a âmuch smaller teamâ.
Dorsey wrote, âweâre going to part ways with a number of folks on our teamâ. Although he didn't state how many jobs would go, he did give an indication on which departments will be most affected, with the restructure involving the removal of the âproduct management and product marketing functions entirelyâ...
| Read the full story |
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| | Internet companies say anti-piracy web-blocks âcan fragment the global internetâ | | A coalition of internet companies has raised concerns with the US government about the use of web-blocking by courts and governments in various other countries, including as part of anti-piracy measures. They raise particular concern about web-blocking orders being enforced against so called DNS resolvers, something the music industry has been seeking in Europe in recent years.
âBlocking at the global DNS resolver level is especially problematicâ, says a submission to the US Trade Representative from the Internet Infrastructure Coalition. Interfering with the domain name system in that way, it adds, ânot only restricts access but can fragment the global internet, jeopardising the trust and integrity of the DNS as a core global infrastructureâ.
The US government, it goes on, âshould work with other nations to facilitate adherence to international norms that prioritise an open and secure internetâ. That means reducing âthe impact of site-blocking regimesâ, supporting âcross-border digital tradeâ and preventing the break up of âthe global internetâ.
The internet groupâs submission discusses various uses of web-blocks in different countries, including by those governments that simply seek to censor what content their citizens can consume for political reasons. However, it also considers efforts to block access to specific websites on copyright grounds.
Web-blocking has been an anti-piracy tactic of choice for the music and movie industries for many years now...
| Read the full story |
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| | Megan Thee Stallion sues YouTuber over false statements, malicious content and deepfake pornography | | Megan Thee Stallion has sued YouTuber Milagro Gramz for allegedly publishing false statements and malicious content as part of a campaign to âdenigrate, belittle and insultâ the rapper.
The YouTuber, real name Milagro Cooper, is also accused of promoting a pornographic deepfake depiction of Megan Thee Stallion, real name Megan Pete, in violation of a Florida law that bans âaltered sexual depictionsâ of real people.
Cooperâs campaign against Pete is connected to the conviction of Tory Lanez, who is currently in jail after being convicted in relation to a violent incident in 2020 during which he shot at Pete. The YouTuber, itâs alleged, is basically a âmouthpiece and puppetâ for the incarcerated Lanez.
âEnough is enoughâ, attorneys representing Pete say. Their client, they add, is âa victim of violent crime and champion of womenâs rights to her millions of fans worldwideâ and âwill no longer stand for defendantâs campaign of harassmentâ.
Pete herself states, âIâve endured countless attacks on my character based on false narratives from social media bloggers misrepresenting themselves as journalists. Itâs unacceptable behaviour and these individuals need to understand there will be repercussions for recklessly posting lies and defamatory falsehoodsâ...
| Read the full story |
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| | đ§ Approved: JAGGED BAPTIST CLUB | | Self-described as âlike Blur and Public Image Limited trying to cover The Rapture and Happy Mondays while Division of Laura Lee and The Vines throw tomatoes at themâ, LA band JAGGED BAPTIST CLUB navigate the messy intersection of abrasive grit and addictive hooks with deft precision.
Their latest single âBlow Dry Nationâ, from their forthcoming album âPhysical Surveillanceâ, sheds any illusions of polish, instead embracing a lo-fi, aggressive ethos that demands to be heard loud. With jagged guitar riffs, propulsive drums and frontman Blake Stokesâ sharp vocals, the track pulsates with an exciting sense of urgency and disillusionment.
âPolitics, sex, greed and ice cream all collide on âBlow Dry Nationââ, says Stokes. âWhat is a Blow Dry Nation?, if you have to ask, then youâre probably not living in one. But for the rest of us, itâs a nation where greed, selfishness, brutality and stupidity are the law of the land. Sound like anywhere you know?â
đ§ Watch the video for âBlow Dry Nationâ here.
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