business

Inside the Music Modernization Act’s Last-Minute Negotiations With SiriusXM

The monumental bill passed the Senate on Tuesday, thanks to an 11th hour compromise between the satellite radio service and the rest of the music industry. Tuesday started out with knives drawn and war in the air, as the music industry was going toe-to-toe with SiriusXM over the Music Modernization Act. The bill needed unanimous approval from all senators in the 24-hour hotline process, meaning a single objection could move it to debate on the Senate floor — possibly killing it altogether at this point in the year. But instead of a bloodbath, the day ended in kisses and hugs as most sides came together to celebrate the bill’s passage, thanks to an 11th hour compromise. For the last six months, SiriusXM has been pushing back against the Music Modernization Act saying it treats t...

US, Canada will keep talking Thursday to revamp NAFTA

U.S. and Canadian negotiators — facing a deadline at the end of the month — will extend until at least Thursday their negotiations to keep Canada in a North American trade bloc. After her second meeting of the day with U.S. Trade Rep. Robert Lighthizer, Canada’s Minister of Foreign Affairs Chrystia Freeland told reporters they plan to keep talking on Thursday. “Our officials now have more work to do and will continue to work this evening. Ambassador Lighthizer and I agreed to meet again tomorrow,” she said Wednesday evening. President Donald Trump began negotiations last year to revamp the North American Free Trade Agreement with Canada and Mexico. The U.S. and Mexico reached a preliminary deal last month designed in part to shift more auto production to the United States...

Americana Conference Highlights Its Place In A Divided Musical Era

If a casual observer wanted to understand the widening gap between mainstream country music and left-of-center Americana, visits to the Country Radio Seminar and the Americana Music Conference — held in Nashville Sept. 11-14 — would provide a strong overview. CRS panels have focused on growing sales, integrating digital tools and showcasing mostly glossy, feel-good music that celebrates a cultural segment. The Americana event had plenty of nuts-and-bolts business education, but multiple panels addressed music’s role in difficult times, and the awards show on Sept. 12 was steeped in the kind of sociopolitical statements that most mainstream artists and outlets avoid. Among those key moments: • Rosanne Cash defiantly spoke up for women’s rights and against military-st...

Too Much Screen Time? New Phone Controls By Apple and Google for You, Kids

Apple and Google want to help you spend less time on their phones — really. Like that time you checked Facebook at 3 a.m. Stats don’t lie. Their new tools for managing screen time will let you see how often you picked up the phone after bedtime or how long you’re on Instagram at work (shame on you). Apple’s tools also let you control how long your kids spend on their devices, if you’re concerned that screens are taking time away from sleep, homework or exercise. Apple’s tools launch Tuesday as part of the free iOS 12 software update for iPhones, iPads and the iPod Touch. Google’s controls are being tested on its Pixel-branded Android phones. Here’s how the controls work. FOR THE KIDS Apple’s new controls for kids let you manage their time on ...

Tesla confirms federal probe over Musk tweets, sending shares lower

Tesla shares tumbled on Tuesday amid reports of a potential criminal probe over its chief executive officer’s statements about taking the company private. The electric carmaker said it agreed to hand over documents to the Department of Justice in connection with CEO Elon Musk’s tweets about taking the publicly traded company private last month, according to a company statement. Tesla said it was cooperating with the government, but noted that it had not received a subpoena, a request for testimony or any other formal process. “Tesla received a voluntary request for documents from the DOJ and has been cooperative in responding to it,” the company said. “We respect the DOJ’s desire to get information about this and believe that the matter should be quickly resolved as they ...

Music Modernization Act Passed Thanks to Last-Minute SiriusXM Compromise: Sources

The satellite radio service turned down an earlier deal a few weeks ago and continued to hammer away through lobbying efforts. A last minute compromise Tuesday (Sept. 18) afternoon between SiriusXM and other stakeholders allowed the Music Modernization Act (MMA) to fly through the Senate, sources tell Billboard. According to some familiar with the situation, it was unclear all day whether the MMA would pass unanimously through the Senate’s expedited hotlining process, as some sources say at least two senators were buying the arguments of SiriusXM — the main industry holdout on the legislation. SiriusXM was protesting about four elements of the legislation, including that the bill leaves out terrestrial radio from royalty payments for pre-1972 recordings, also known as the Class...

China looks unlikely to give in after US tariff hike

China unveiled a slew of changes under mounting pressure from U.S. President Donald Trump over technology. Beijing promised to cut tariffs, open its auto industry and buy American exports. But none of that was what Trump wanted: An end to development policies Washington says are based on theft of know-how and might erode U.S. industrial leadership. Exporters scrambled to replace lost orders after Trump pulled the trigger in July with his first round of tariff hikes on $50 billion of Chinese imports. Waves of job losses loom over factory towns. So far, however, Chinese leaders express confidence in their $12 trillion-a-year economy and are refusing to budge on tactics they see as a path to prosperity and global influence. The communist leadership appears no more likely to back down after Tr...

5 ways Trump’s tariffs on $200B in China goods could be felt

By imposing taxes on an additional $200 billion in Chinese goods, President Donald Trump has intensified a battle of wills between the world’s two largest economies — and the outcome is far from certain. No one knows how long the tariffs announced Monday might last. No one knows if Beijing will yield as pressure builds or instead stiffen its resolve and keep retaliating. No one knows if a politically divided United States will serve to undercut Trump’s aggressive tactics. But what’s clear is that the latest fight in the escalating trade war is likely, one way or another, to affect consumers, companies, markets, the economy and the political landscape. And how all that plays out could determine whether Trump’s negotiating gamble proves a triumph or a failure. Here is...

China vows ‘counter-measures’ to US tariff hike

China said Tuesday it will take “counter-measures” to U.S. President Donald Trump‘s decision to raise tariffs on $200 billion of Chinese imports and an American business group warned a “downward spiral” in their trade battle appears certain. The Commerce Ministry gave no details of a possible response to U.S. tariffs imposed in the fight between the two biggest global economies over Beijing’s technology policy. But China previously released a $60 billion list of American goods for retaliation. The Trump administration announced the tariffs on some 5,000 Chinese-made goods will start at 10 percent, beginning Monday. They rise to 25 percent on Jan. 1. “We deeply regret this,” said a Commerce Ministry statement. “China will adopt counterme...

Trump imposes tariffs on $200B more of Chinese goods

The Trump administration will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and potentially raising prices on goods ranging from handbags to bicycle tires. The tariffs will start at 10 percent, beginning Monday of next week, and then rise to 25 percent on Jan. 1. President Donald Trump made the announcement Monday in a move that is sure to ratchet up hostilities between Washington and Beijing. Trump has already imposed 25 percent tariffs on $50 billion in Chinese goods. And China has retaliated in kind, hitting American soybeans, among other goods, in a shot at the president’s supporters in the U.S. farm belt. Beijing has warned that it would hit an additional $60 billion in American goo...

Diver who helped with cave rescue sues Elon Musk

Elon Musk was sued on Monday for defamation by a British diver he accused of being a “pedo.” Diver Vernon Unsworth filed a lawsuit against the SpaceX and Tesla Founder, over tweets Musk sent during the rescue of a Thai boys soccer team in June and July. “Elon Musk falsely accused Vern Unsworth of being guilty of heinous crimes,” his lawyer, Lin Wood, wrote in a statement emailed to ABC News. “Musk’s influence and wealth cannot convert his lies into truth or protect him from accountability for his wrongdoing in a court of law.” The lawsuit, which blasts the “unlawful, unsupportable, and reprehensible accusations” by Musk that Unsworth “is a pedophile and child rapist,” was filed in a Los Angeles federal court. Unsworth is seeking m...

UTA Fine Arts Head Josh Roth Dies at 40

Roth founded UTA’s fine arts department in 2015. United Talent Agency has announced that their head of fine arts, Josh Roth, has passed away. He was 40. Roth founded UTA’s fine arts department in 2015 after six years as the chair of the art law department at the law firm of Glaser Weil. While with UTA, Roth represented some of the world’s most prominent fine artists, photographers, mixed media artists and others in the contemporary art world. “Josh was a dear man and a great colleague, and we are devastated by his loss. His friendships and contributions were deeply felt,” said UTA chairman Jim Berkus and CEO Jeremy Zimmer in a joint statement. Most recently, Roth helped conceive and open the UTA Artist Space and staged major projects and exhibitions for world-renowned artists. “He co...