Goldman Sachs COO David Solomon – who performs under the alias DJ D-Sol – has taken a 36% pay cut reducing his 2020 earnings by $10 million.
Goldman Sachs DJ David Solomon Takes 36% Pay Cut After Bank Tied to 1MDB Scandal
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Industry
Spain to Disallow Tourism Until the End of Summer: Prime Minister
Spanish Prime Minister Pedro Sánchez has said that he doesn’t expect the country to be sufficiently vaccinated until the end of summer 2021.
SBA to Pay Out $15 Billion to US Venues Sidelined by COVID-19
The Shuttered Venue Operators Grant (SVOG) program will award $15 billion to establishments by way of the U.S. Small Business Administration (SBA).
Berlin Club Commission Warns Nightlife won’t Return Until Late 2022
“2021 does not really promise to be any better than the past 2020,” an ://about blank representative told Resident Advisor.
Francisco Partners Acquires Majority Stake in Native Instruments
Ownership music gear and software company Native Instruments has now exchanged hands to give investment firm Francisco Partners majority stake.
Over 100 Artists Say Musicians were “Shamefully Failed” by Brexit Deal in Open Letter
Elton John, Ed Sheeran, Bicep, and Hot Chip were among signatories of a letter condemning the Brexit deal, which complicates touring in the U.K. and EU.
Bandcamp Enters Next Stage of Vinyl Pressing Service Rollout
Bandcamp has expanded its vinyl pressing program to accommodate 10,000 artists and labels, with plans to give access to more users by the end of the year.
UK MPs Launch Inquiry to Investigate COVID-19’s Impact on Nightlife
The All-Party Parliamentary Group has launched an inquiry to determine the ensuing COVID-19 pandemic’s impact on the nightlife industry.
UK Government Shoots Down Proposal for Visa-Free Artist Travel
According to reports, the government has turned down an agreement that would allow visa-free tours of U.K. artists to EU countries and vice versa.
UK MPs Warn of “Summer Without Festivals” Unless Government Offers Insurance
The U.K. Digital, Culture, Media and Sport Committee has called upon Chancellor Rishi Sunak to offer government-backed insurance to festival organizers.
UK Petition for Free Touring Artist Travel Permits Breaks 200,000 Signatures
As the Brexit transition period nears its end, Tim Brennan has launched a government and parliament petition that has amassed over 200,000 signatures.
Epidemiologist Discusses Rapid Testing Villages for Tomorrowland 2021
In a recent interview, epidemiologist Pierre Van Damme discussed Tomorrowland 2021 and how masks and testing villages could lead to the return of the event.
Save Our Stages included in Latest US COVID-19 Relief Bill
The passing of the Save Our Stages Act will set aside $15 billion for use in supporting independent venues, museums, and movie theaters across the country.
London Mayor Sadiq Khan Introduces £1.3m Fund for Creatives
The fund introduced by Sadiq Khan will focus specifically on creating job opportunities for creatives in the Croydon, Hounslow, and Lambeth areas of London.
Pete Tong to Sit on Pacha Group’s Board of Directors
Pacha Group CEO Nick McCabe has announced that none other than BBC Radio 1 host Pete Tong has been appointed to its new board of directors.
Beatport Acquires Sample Pack Label Loopmasters
Beatport’s buyout of Loopmasters includes subscription-based sound design label Loopcloud as well as plugin library Plugin Boutique.
1.25 Million Vinyl Sold in Single Week, a US Sales Record High
Vinyl sales in the U.S. narrowly passed a weekly record set in December of 2019 and reached the highest total sales since 1991.
Bandcamp to Continue No-Fee Holidays Through May 2021
In light of the ongoing COVID-19 pandemic, Bandcamp will continue to hold no-fee holidays on the first Friday of every month from February to May.
Pollstar Estimates Live Events Industry Lost $30 Billion in 2020
One of the markets most heavily impacted by COVID-19 is live events, which a new Pollstar report estimates lost more than $30 billion globally in 2020.
Glastonbury Asks UK Government for “Direct Financial Support”
The organizers of Somerset gathering Glastonbury Festival have asked for lawmaker aid due to the difficulties obtaining underwritten event insurance.
Estimated 5,000 Illegal NYE Events to Take Place in the UK: NTIA
The Night Time Industries Association estimates that COVID-19 restrictions will lead to 5,000 illegal New Years parties being organized around the country.
British MPs Warn Glastonbury May Not Take Place in 2021
Glastonbury and other U.K. festivals may not proceed with 2021 events without COVID-19 insurance, warned MPs in a House Of Commons meeting.
Ukrainian Arts Center Closer Holds Fundraiser to Save Venue
Closer in Kiev has banded together with associated festivals Strichka and Brave! Factory to save itself from financial peril amid COVID-19.
Pioneer’s Entry-Level DJ Gear Sales Increased During COVID-19 Shutdowns
Music equipment manufacturer Pioneer has seen increases in sales of their entry-level DDJ-200 and DDJ-400 devices from last year.
Dozens of COVID-19 Cases Linked to Tulum’s Art With Me Festival
Art With Me opted to move forward with their November event, and dozens of cases have now been linked to the Tulum gathering.
KitKatClub in Berlin to Reopen as COVID-19 Testing Facility
KitKatClub in Berlin has now been repurposed as an affordable COVID-19 testing facility that will open to the public on Friday.
GOSU in Frankfurt to Close at the End of 2020 Due to COVID-19
The owners of Frankfurt record store GOSU have announced that they must discontinue operations at the end of 2020 after a five-year run.
Germany to Increase COVID-19 Aid for Arts and Culture to €2.1 Billion in 2021
In a move to get ahead of ongoing impacts of the COVID-19 pandemic, German lawmakers have announced a substantial aid package for arts and culture in 2021.
UK MP Says Bars and Clubs Could Turn Away Those Who Refuse Vaccine
Cabinet Officer Michael Gove contradicted Nadhim Zahawi, saying that the government does not plan to implement COVID-19 immunity passports.
SoundCloud Celebrates First Profitable Quarter in 13 Years
SoundCloud is also celebrating consistent gains from Q1 to Q4 leading to a 37% increase in revenue from 2018 to 2019.