Musicians Today

Browsing: Industry Updates

Michaels Acquires Joann’s Intellectual Property Following Bankruptcy

Michaels Acquires Joann’s Intellectual Property Following Bankruptcy

Industry Updates— June 7, 2025

In a significant move for the retail landscape, Michaels, one of the largest craft retailers in the United States, has successfully acquired the intellectual property and private label brands of Joann following the company’s second Chapter 11 bankruptcy filing in January 2025. Joann, once a key competitor in the fabric, sewing, and craft market, closed

Music Industry Reports Surge in Vinyl Sales

Music Industry Reports Surge in Vinyl Sales

Industry Updates— June 4, 2025

On June 3, 2025, the Recording Industry Association of America (RIAA) announced a notable surge in vinyl record sales, marking the highest growth in the format in over twenty years. The resurgence of vinyl, which had seen a steady decline in the digital era, has become one of the most surprising trends in the music

Stocks Rebound Despite Renewed U.S.-China Trade Tensions

Industry Updates— June 3, 2025

On June 2, 2025, U.S. stock markets saw a modest recovery despite increasing tensions between the United States and China, with major indexes posting gains across the board. The Dow Jones Industrial Average rose by 35 points, while the S&P 500 and Nasdaq Composite gained 0.4% and 0.7%, respectively. This rebound came amid renewed concerns

Images (12)

Haim Explores Personal Growth and Creative Freedom in ‘I Quit’

Industry Updates— May 20, 2025

Haim’s highly anticipated fourth album, I Quit, is a powerful testament to the trio’s evolution, both as individuals and artists. This new project marks a significant milestone in the band’s journey, as they boldly explore themes of heartbreak, therapy, and empowerment, all while embracing authenticity and creative freedom. For sisters Este, Danielle, and Alana Haim,

Images (10)

Deezer Achieves Record €134 Million Revenue in Q1 2025

Industry Updates— May 10, 2025

Deezer, a prominent player in the global music streaming industry, has posted an impressive €134 million in revenue for the first quarter of 2025. This marks a significant milestone in the company’s financial journey, showcasing its ability to capitalize on the growing demand for streaming services across the world. The €134 million revenue figure is