To survive in the changing climate, Sony says it is ‘actively pursuing’ music acquisitions. Like Pac-Man eating everything in its path, they even bought a Mexican music catalog.
Sony Group Corp Govt Vice President and CFO Totoki Hiroki said:
“We’re always enhancing our potential to find and nurture artists and regularly create successes, and we goal to proceed to extend our profitability sooner or later,” Hiroki stated of Sony’s music operation, whereas noting that the AWAL settlement and the Som Livre buyout had been accredited however not but accredited by regulation”
Sony bought AWAL and Kobalt, Brazilian label – Som Livre, and Paul Simon’s song catalog.
Lana Del Rey announced that a new album called Blue Banisters will arrive on July 4th. She always comes up with cool album names. In March, the day after she released Chemtrails Over the Country Club, she said a new album called Rock Candy Sweet will arrive on June 1st. That never happened. Regardless, Lana keeps things moving and interesting, always finding herself in a discussion.
Apple releases the iPhone update. This recent update is Facebook’s worse nightmare. It gives users transparency and control over apps that want to track them for advertising. The main source of Facebook’s income is ‘tracking’ users and selling data to companies that target iPhone users.
Now, you’ll see a pop-up when you open an app that wants to access your device ID for advertisers. That pop-up will ask if you want to be tracked. Now have the option to opt out.
This will have an effect on online advertising reducing the effect of targeted ads and profitability.
The battle lines are drawn between Apple’s Tim Cook and FB’s Mark Zuckerberg. The love affair has dwindled and they ready to fight. I’m not sure how Facebook will fight back common sense privacy rules, but fear causes rational people to lose their mind.
While Hollywood is still reeling in shock over the Oscars historic ratings crash, it’s time to acknowledge that it’s the end of the era. If video killed the radio star, then social media killed the movie star, while TV and streaming killed the movie theatre.
And the award ceremonies? Forget about it.
Brooks Barnes, a Hollywood reporter for The New York Times, said: “The Oscars forgot about its primary job — to sell Hollywood to the world, to be a big, fat commercial for the dream factory, the kind that makes financiers open their wallets and wannabe actresses get pinwheels in their eyes about the day they might be able to stand on that stage and give their acceptance speech.”
How will movies survive?
“It is a tough market, even for us coming off of ‘Avengers: Endgame,’ to make a darker, character-driven movie says Joe Russo”
It may not be entirely decimated, but it’s a wake up call.
ABC’s Oscars suffered a new ratings crash and hit an all time low. The audience fell under 10 Million for the first time ever. Think about it this way. There are 328 million Americans and less than 10 million watched. It’s as if the City of Los Angeles tuned in and nobody else.
Insiders were expecting bad, but not this bad.
The question moving forward is will these award shows continue to exist in the same format?
The Oscars along with the Grammys, Golden Globes and SAG Award continue all have suffered a steep decline. Why? Because they are no longer relatable and only cater to a small boutique audience.
If the award shows want to reach a larger population again, a change must happen quickly.