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What does Bandcamp’s sale to Epic Games mean for independent music?

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What does Bandcamp’s sale to Epic Games mean for independent music?

Because the announcement on Wednesday that on-line music distributor Bandcamp, a central hub for impartial artists and labels promoting digital and bodily media, has been bought to Epic Video games, the gaming big chargeable for Fortnite, Gears of Warfare and the Infinity Blaze sequence, musicians and followers have been expressing concern that their beloved platform is on its approach to changing into one other sufferer of multinational consolidation.

“Truthfully, this sucks. half the cash i make off music comes from bandcamp, and even when issues are fantastic for the subsequent few months, this will solely go in worse instructions,” wrote singer Mel Stone in a single extensively quoted tweet.

The sale was introduced on social media by Bandcamp CEO Ethan Diamond, who wrote that the corporate would function as a stand-alone entity inside Epic’s ecosystem. Diamond, who didn’t disclose a sale worth, will proceed in his position.

Within the assertion, Diamond, who based the corporate in 2008, tried to guarantee the legions of Bandcamp devotees drawn by the platform’s artist-first mannequin and its month-to-month Bandcamp Fridays occasion, when the corporate waives its share of gross sales to sign its allegiance to the plight of struggling artists.

Ethan Diamond, CEO of Bandcamp.

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(Richard Morgenstein)

Noting that artists promoting on Bandcamp will proceed to obtain what he characterizes as “a median of 82% of each sale,” Diamond emphasised that “the services you rely on aren’t going anyplace, and we are going to proceed to construct Bandcamp round our artists-first income mannequin.”

Promoting to Epic, he continued, will enable Bandcamp to broaden internationally and additional spend money on improvement throughout the platform, together with design, cellular apps, merchandizing instruments, vinyl manufacturing and livestreaming initiatives. Diamond described Epic as “champions for a good and open web,” possible a reference to Epic’s 2020 lawsuits in opposition to Apple and Google for antitrust and anticompetitive conduct associated to the tech giants’ in-app fee programs.

“Epic and Bandcamp share a mission of constructing probably the most artist-friendly platform that permits creators to maintain the vast majority of their hard-earned cash,” mentioned Epic Video games in a press release accompanying the acquisition.

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Regardless of the businesses’ assurances, artists-rights activists nervously contemplated the repercussions of the sale, which comes on the heels of criticisms of audio streaming chief Spotify over its affiliation with podcaster Joe Rogan and its fee charges to artists and songwriters.

“Too few corporations have an excessive amount of energy in each a part of the music enterprise,” wrote the Washington, D.C.-based artists-rights group Way forward for Music Coalition in a social media thread, including that “some within the music neighborhood have actual frustrations with how Epic has handled music licensing up to now.”

Epic Video games is flush with money resulting from “Fortnite,” the favored multiplayer recreation launched in 2017. Working with a so-called “video games as a service” mannequin that generates income by means of ongoing micropayments, “Fortnite’s” success has enabled latest investments together with the 2021 buy of Harmonix, the creator of the favored “Guitar Hero” and “Rock Band” franchises. Epic’s gaming improvement platform Unreal Engine, which was developed by Epic’s founder Tim Sweeney, has advanced right into a high-tech device utilized in tv sequence together with “The Mandalorian” and “Westworld.”

All that technological would possibly stands in stark distinction to the standard indie enterprise that Diamond created to allow seamless on-line transactions between artists and followers. A beloved platform that earned its early buyer base by means of its indie rock and experimental music choices, its progress was financed by a single, modest infusion of enterprise capital throughout its early ascent. In keeping with Diamond in a 2020 interview, Bandcamp has been worthwhile since 2012.

A band performs in an office for company employees

Bandcamp’s workplaces in Oakland host a efficiency with Christian Scott Atunde Adjuah.

(Salihah Saadiq)

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In 2020, as COVID-19 shut down nightlife and the live performance enterprise, musicians directed their consideration to Bandcamp, which by then had constructed an infrastructure to assist gross sales of merchandise, vinyl and different codecs. In response, that platform initiated the Bandcamp Fridays marketing campaign, whereby, on the primary Friday of every month, the platform eliminates its share of all gross sales. All informed, notes a ticker on the location’s homepage, “Followers have paid artists $890 million utilizing Bandcamp, and $207 million within the final 12 months.”

“It’s sophisticated,” says Kevin Erickson, who heads the Way forward for Music Coalition. “Usually, musicians have felt like Bandcamp has been a dependable ally and has stepped up in some vital methods in the course of the pandemic. There’s concern about the place which may change sooner or later.”

He provides, We would like corporations to do effectively by doing proper by musicians, and if Bandcamp below the brand new possession is ready to persist with the rules which have led it to the success that it enjoys now — and scales the scale of the viewers — that will be a web win for lots of musicians.”

In 2012, Epic founder Tim Sweeney bought 40% of the corporate to Tencent, the large Chinese language multinational media agency. Tencent additionally owns a ten% stake within the Common Music Group, the phrase’s greatest file firm, and 4 China-based music apps which have a mixed listenership of greater than 800 million individuals.

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Noting the convoluted possession constructions, musician Damon Krukowski of the Union of Musicians and Allied Staff wrote, “Wait Epic is 40% owned by Tencent who’ve stakes in… Spotify and the key labels. Did we simply lose our impartial digital file retailer,” he puzzled.

“The stakes that Tencent has within the file labels and in Spotify are usually not controlling stakes — or something near controlling stakes — so the diploma of affect it will possibly exert is minimal,” says Mark Mulligan, media and know-how analyst and co-founder of Midia Analysis, which tracks the streaming business. However, he notes, Tencent’s bigger stake in Epic Video games implies that it may exert extra direct affect on monetizing Bandcamp’s platform.

A screenshot of a Bandcamp landing page.

A Bandcamp touchdown web page.

(Bandcamp)

“Bandcamp and Epic Video games are each fandom corporations, and so is Tencent Music,” says Mulligan, including that two-thirds of Tencent Music’s income “comes from non-music. It comes from all of the methods of individuals expressing themselves.” He provides that Epic permits Fortnite gamers to donate a portion of the cash they spend within the recreation to their favourite streamer, a fan-driven initiative that awards excellence. “Epic Video games and Tencent each perceive, as does Bandcamp, the significance of individuals having the ability to determine themselves by means of fandom.”

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In 2020, Diamond informed The Occasions that he and his cofounders had been “keenly conscious of the vital position Bandcamp performs within the livelihoods of many musicians, and that’s a duty we take very significantly.”

As artists on social media digested the information, many expressed a way of resignation, one finest captured by Canadian indie musician Allister Thompson. “Properly, irrespective of how issues find yourself, one factor’s for certain: the fear with persons are responding en masse to the Bandcamp sale signifies simply how traumatized artists are by having the soccer continually yanked away from them.”

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Virgin Music Group acquires Downtown Music Holdings for $775 million

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Virgin Music Group acquires Downtown Music Holdings for 5 million

Beverly Hills-based Virgin Music Group on Monday said it will acquire Downtown Music Holdings for $775 million, boosting its capabilities in the independent music industry.

Virgin Music Group, the independent-music division of Universal Music Group, said the acquisition of the New York-based publishing and royalties company will bring a “broadened and enhanced suite of services to clients,” including in areas such as physical and digital distribution, business intelligence and royalties and rights management.

“It´s an exciting time for Virgin as we continue to build a next-generation music company for independent artists and labels,” said Nat Pastor, co-CEO of Virgin Music Group, in a statement. “We aren’t just making an acquisition; this is an investment into the global independent music ecosystem and a commitment to nurture current and future creators and entrepreneurs with world-class support, services, and capabilities they require at any phase of their careers.”

Downtown Music represents more than 50 million songs and 4 million creators in at least 145 countries. Core divisions of the company, which has about 600 employees globally, include publishing, distribution, artist and label services, as well as royalties and financial services, according to its website.

Justin Kalifowitz, founder of Downtown Music Holdings, said he believes the service his company provides to clients will be strengthened by working with the Virgin Music team.

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“This is a tremendous recognition of the importance and vitality of independent music, and the value that our company brings to its clients every day,” Kalifowitz said in a statement. “Downtown was established with the belief that artists and entrepreneurs everywhere and at every stage are entitled to the same tools and opportunities to succeed.”

The deal is expected to close in the second half of next year.

The acquisition is the latest sign of consolidation in the music industry, raising concern among some critics.

“It is vital to uphold a true choice of partners for artists and labels and ensure that negotiating power does not become unbalanced,” Gee Davy, CEO of the Assn. of Independent Music, told Variety. “Only in this way can homegrown artists and businesses access fair deals, investment and growth.”

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Starbucks baristas in L.A. and other cities go on strike over elusive contract

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Starbucks baristas in L.A. and other cities go on strike over elusive contract

Baristas at a handful of Starbucks around Los Angeles as well as in Chicago and Seattle went on strike Friday, kicking off a work stoppage that union officials said would include hundreds of the coffee giant’s stores by Christmas Eve.

The union, Starbucks Workers United, said the strike was necessary after they failed to reach a deal in negotiations with the company over what would be a first contract for Starbucks workers. By walking out from five locations in the Los Angeles area and other key markets, workers are hoping to pressure Starbucks during the busy holiday season, when its frappuccinos and themed drinks are in high demand.

The union said it plans to spread the work stoppages to potentially hundreds of stores over the course of the five-day action that will conclude on Christmas Eve. It is looking to extract from Starbucks a more robust wage proposal and an agreement to quickly resolve outstanding unfair labor practice charges filed by workers in recent years.

A Starbucks tucked into a strip mall on Alameda Street in Burbank that typically opens at 4:30 a.m. stayed closed Friday. At 10 a.m. a crowd of about 30 Starbucks workers, union organizers and supporters walked a picket line outside, chanting, “No contract, no coffee,” and, “Hey, Starbucks, you can’t hide, we can see your greedy side.”

Kai Krawczeniuk, 25, a shift supervisor at the Burbank store, said Starbucks “made an economic offer that was unacceptable.”

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“It was insulting, frankly. That made us feel like we have to act, we have to show them we mean business,” Krawczeniuk said.

In a statement, the union said Starbucks had proposed an economic package earlier this month “with no new wage increases for union baristas now and a guarantee of only 1.5% in future years.”

Starbucks said about 10 of its more than 10,000 company-operated stores in the United States did not open as planned today.

“There has been no significant impact to our store operations. We are aware of disruption at a small handful of stores, but the overwhelming majority of our US stores remain open and serving customers as normal,” Starbucks spokesperson Phil Gee said in an emailed statement.

The company criticized the union, saying it had proposed an immediate 64% wage increase that “is not sustainable” and prematurely ended bargaining sessions this week.

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“It is disappointing they didn’t return to the table given the progress we’ve made to date,” the company said in its statement.

Besides the Burbank location, four other stores in Southern California, including in Van Nuys, Santa Clarita, Highland Park and Anaheim, were also hit with strikes, said Evelyn Zepeda, organizing director in California for Workers United.

Former Burbank Mayor Konstantine Anthony, who currently is a member of the City Council, joined the Starbucks picket line Friday morning and said the company was “nickel-and-diming” workers. It was “no coincidence,” he said, that the Starbucks strike coincided with work stoppages by Amazon warehouse workers and delivery drivers in the run-up to Christmas.

“Workers have shown up at the exact moment where these two companies make their biggest profits, Christmas season,” Anthony said. “Power lies with the people, people who make the drinks, people who deliver the packages. If you want to give a good product to your customers, you need to treat the people delivering that product well.”

The new work stoppages mark a major turning point for Starbucks Workers United, which formed in 2021 and steadily has made headway in its campaign to persuade baristas at Starbucks around the U.S. to join. Hopes that the two sides would be able to hammer out a deal had been high since February, when the company pledged publicly to work with the union and take a more neutral approach toward the drive to organize workers.

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The conciliatory stance was an about-face for a company that previously had intensely resisted the campaign to organize its workers. Federal regulators found Starbucks repeatedly violated labor laws by disciplining and firing workers involved in unionizing activity, shutting down stores and stalling contract negotiations.

The National Labor Relations Board has conducted a total of 647 union elections at Starbucks stores, with 109 of them falling short, several others with challenged ballots and 528 currently with certified bargaining units, according to NLRB spokesperson Kayla Blado. In California, 66 stores have held union elections and 44 of them have had their bargaining units recognized by the labor board.

Blado said workers have filed more than 700 unfair labor charges against Starbucks, its subsidiary Siren Retail Corp., or its law firm Littler Mendelson, alleging a range of violations. The union has not filed any new charges against Starbucks since late February.

In March, the federal board ordered Starbucks to stop threatening and interrogating employees at a store in Cypress Park about union organizing efforts and to post a notice of workers rights. In September, the board ordered Starbucks to stop threatening workers with the closure of a store in Los Angeles if organizing activity continued. And in October, the board found that Starbucks’ former chief executive, Howard Schultz, violated labor law by encouraging a Long Beach employee to quit after they raised issues related to unionization in 2022.

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If your kid wants skin-care gifts for the holidays, here are some risks to consider

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If your kid wants skin-care gifts for the holidays, here are some risks to consider

As parents rush into malls for the final days of Christmas shopping, many will be armed with wishlists full of beauty products for their children.

Skin care is a fast-growing phenomenon among Gen Alpha, typically defined as those born from 2010 and on. Dubbed “Sephora kids,” the tweens and teens have been buying up products from buzzy brands including Drunk Elephant, Bubble and Glow Recipe and diligently following multistep, antiaging skin-care routines popularized on social media.

With kids becoming a powerful segment of the booming $164-billion global skin-care industry, brands have been catering to them with new products packaged in colorful, eye-catching bottles and jars.

Dermatologists say getting children into the habit of taking care of their skin is a good thing, but they’re urging parents to exercise caution as they splurge on holiday gifts.

“For pediatric dermatology, we always say to be very mindful and wary of active ingredients that are in products,” said Dr. Jayden Galamgam, a pediatric dermatologist at UCLA Health. “A lot of the time, simple is better.”

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What products are OK for my kid to use?

A gentle cleanser, a hydrating moisturizer and a good sunscreen are recommended and appropriate for any age.

“You don’t need to be using all these products; you don’t need a 10-step routine,” Galamgam said. “Use three products. Most don’t need anything more than that.”

Look for broad-spectrum sunscreen with an SPF of 30 or higher; it should be worn daily and reapplied every couple of hours.

What products should I avoid?

Anti-wrinkle serums, exfoliants and peels are not appropriate for children. Avoid products containing potent alpha hydroxy acids, beta hydroxy acids and retinol, Galamgam said.

“I would definitely try to stay away from those, because they can cause a lot of irritation for kids,” he said.

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Social media trends often encourage tweens to experiment with cosmetics that are inappropriate for their skin type or age, so parents need to look carefully at ingredient labels before buying, said Sam Cutler, founder of Beverly Hills-based tween skin-care brand Petite ’n Pretty.

“We want to caution parents about the growing trend of products marketed as ‘kid-friendly’ due to their bright, playful packaging, which can be misleading,” she said. “Many of these products are formulated for adults and contain harsh ingredients, such as hydroxy acids, retinoids and artificial fragrances, which are too aggressive for young, delicate skin and can cause irritation or long-term damage.”

My kid wants antiaging products anyway. What should I say?

You can talk to them them about the potential harmful side effects, and about the risks of following the advice of online “skinfluencers.”

“There are a lot of teens that are using these products inappropriately due to misinformation or wanting to fit in with their friends based on what they’re seeing on TikTok,” said Dr. Carol Cheng, a pediatric dermatologist and an assistant clinical professor of dermatology at UCLA.

“They’re easily susceptible. A lot of them don’t realize that these influencers are probably being paid to promote certain products.”

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Is anything being done to protect kids from potentially harmful skin-care products?

In February, California Assemblymember Alex Lee introduced legislation to ban the sale of antiaging products to kids under the age of 13, but the bill failed to pass in the California Legislature.

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