Partner and veteran music agent Mark Giger has been calling WME home since 2003, so a hits report released on Tuesday suggested he was in a top-notch position at Spotify – “Insiders speculate that potential recruitment … part of Swedish streaming is giant expansion in live space. , ”Read the report – the music industry was shaken.
However, Jigger denies the rumors of a secret conversation and says that his relationship with Spotify is very open: “My ‘best records’ playlist is revealed on Spotify,” he said. Diversity. “I update it now and promise to bring it in 2020!”
At WME, Giger oversees a roster that includes Justin Timberlake, Drake, Bruno Mars, Kendrick Lamar, The Weekend, Forty Gambino, Luke Bryan and Eric Church, although the coronavirus has stopped the epidemic indefinitely.
On monday Diversity Confirming that Endeavor has simultaneously undertaken a wide-ranging cost-cutting initiative, Coron has arranged for a loan 260 million term loan to help the company through the virus-driven revenue crisis. Guardians of UNFC, WME, IMG and other companies – the company was forced to give its planned IPO table when Endeavor has been looking for financial options since the last fall.
COVID-19 lockdowns bring down screens in sports, concerts, festivals and other live event businesses that are the center of Endeavor’s business. The shutdown of music travel and film and TV production promises to be a daunting task for WME and IMG.
The news of the agreement comes on the same day that LeFs companies are expected to start near Endeavor, which will be 20% of its 7,500 employees. As the only WME talent company, it is expected to affect at least 300 of its 1,500 employees. The impact on the music department has so far been muted, with sources saying a handful of top agents have rallied on the unified front.
The shock of the epidemic has added to the pressure on Endeavor and its chief executive, Ari Emanuel. The company, which is involved in debt and capital from investors, including private equity giant Silver Lake, has been at the top of acquisitions for the past decade. The journal has invested মোট 2 billion in Endeavor’s Silver Lake since 2012.