New year, new hope: IQ 96 is out now
IQ 96, the latest issue of the international live music industry’s favourite monthly magazine, is available to read online now.
February’s IQ Magazine details the unique 2021 edition of the International Live Music Conference (ILMC) and offers an exclusive preview of new session Pulse with agent Mike Malak.
Elsewhere, IQ editor Gordon Masson finds out New Zealand’s industry is coping in its post-pandemic bubble, and talks to some of Europe’s biggest venues to find out how they plan to get back up and running, as the European Arenas Association turns 30.
This issue also hears from Crosstown Concerts director Conal Dodds, who details his firm’s creation of a new live-streaming operation, and Nue Agency chief Jesse Kirshbaum, who extols gaming’s ability to introduce artists to new audiences and accelerate career development.
And if you’re curious to know what Rob Challice (Paradigm), Claudio Trotta (Barley Arts), Alan Day (Kilimanjaro Live) and other industry pros are looking forward to most when life gets back to normal, you’ll find the answers in Your Shout.
All that is in addition to all the regular content you’ve come to expect from your monthly IQ Magazine, including news analysis and new agency signings, the majority of which will appear online in some form in the next four weeks.
Whet your appetite with the preview below, but if you can’t wait for your fix of essential live music industry features, opinion and analysis, click here to subscribe now and receive IQ 96 in full.
Talent agencies embroiled in Fyre Fest lawsuit
A Fyre Festival trustee has filed a lawsuit against major talent agencies, demanding a return of fees paid to artists they represented to play in the failed event.
Multiple artists were paid to perform at the festival, at which no music was ever played, despite fans paying between $1,500 and $50,000 for tickets. Festival organiser Billy McFarland was later given a six-year prison sentence for fraud and ordered to pay a $23 million fine.
A festival trustee is now attempting to sue Creative Artists Agency (CAA), United Talent Agency (UTA), ICM Partners and Nue Agency for a collective sum of over US$1.75m.
New York’s Nue Agency is facing the greatest amount, with the trustee reportedly asking for the return of $730,000 paid to Pusha T, Desiigner and Tyga.
The lawsuit is also seeking $585,000 from CAA, who represent Fyre headliners Blink-182 in North America, Australia and Mexico. CAA is also reportedly being sued for the fees paid to Claptone, Bedouin (North America) and Lee Burridge (the Americas, Asia, Australia).
CAA, UTA, ICM Partners and Nue Agency are being sued for a collective sum of over $1.75m
The trustee is demanding $350,00 from LA-based ICM Partners for the fees paid to artists Lil Yachty (North America), Migos (North America) and Rae Sremmurd (now CAA), whereas UTA is being asked for the return of $90,000 paid to Skepta (North America).
The same individual has filed lawsuits against models Kendall Jenner and Emily Ratajkowski, for the $275,000 and $300,000 they were paid respectively for promoting the festival on Instagram with a “clear lack of good faith”.
Saddleback Cay, the Bahamian island featuring in much of Fyre Festival’s promotional material, has recently been put up for sale at $11.8m.
The trustee is also seeking to void the transfer of $14.4m from the festival to parent company Fyre Media, of which $11m was allegedly transferred to McFarland.