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The Brief: Lollapalooza Free Passes, KISS New Doc, Sony Unrecouped Balances, Kevin Holliday at Atlantic, PlayTrek Blockchain Distribution
Your daily update on new releases, tours, and business news from MusicIndustryCity.com KISS Debut New Doc ‘Biography: KISStory,’ Perform Outdoor Concert At Tribeca Film Festival At the Tribeca Film Festival premiere of their new documentary Biography: KISStory, KISS performed a mini-concert. It was the band's first show in over a year. The documentary will air on A&E on June 27 and 28. Lollapalooza is Giving Out Free Passes to Vaccinated Residents The city of Chicago's health department will distribute 1,200 single-day Lollapalooza passes to vaccinated residents. Anyone who schedules an appointment for June 26th at one of the participating locations will receive a free pass. If you've previously been vaccinated, the City of Chicago's Department of Public Health will post a link to passes on their social media channels and website next week. IN HISTORIC MOVE, SONY MUSIC IS DISREGARDING UNRECOUPED BALANCES FOR HERITAGE CATALOG ARTISTS Sony Music Entertainment has announced the establishment of the Legacy Unrecouped Balance Program, a new program under “Artists Forward.” Sony will effectively write off unrecouped balances for qualifying artists in the future. Artists who last received a Sony Music advance before 2000 will now see streaming and other royalty earnings arrive in their bank account on a regular basis. We’ll talk more about this in the Music News Power Hour live on Clubhouse and on MusicIndustryCity.com at 12 p.m. Eastern. In Musical Chairs… Atlantic Names Kevin Holiday as EVP of Black Music Promotion. Holiday will be in charge of Atlantic's radio promotion strategy and campaigns, as well as leading the label's national and regional Black Music promotion teams. During his tenure, he has played a key role in the careers of Cardi B, Lizzo, Roddy Ricch, and Silk Sonic. And in music tech news… PlayTreks Simplifies The Music Industry With Blockchain-Based Music Distribution And AI-driven Data Analytics The decentralized marketplace will provide many extra benefits to artists while also enhancing the overall proposal. The platform will provide additional cash streams for musicians, whether they are independent or signed to a record label. PlayTreks will issue its own cryptocurrency, TREKS, which will be used to fund all new features in the artist data dashboard. This concludes today's update. For article links, see the show notes, or go to MusicIndustryCity.com and listen to the Music News Power Hour live in Clubhouse or on the website at 12 p.m. Eastern. Have a great day!
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