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  • Oasis’ Comeback Outing Wins ‘Major Tour of the Year’ Prize at Pollstar Awards, as Kendrick Lamar/SZA, Benson Boone and the Weeknd Also Score Top Honors

    Oasis’ Comeback Outing Wins ‘Major Tour of the Year’ Prize at Pollstar Awards, as Kendrick Lamar/SZA, Benson Boone and the Weeknd Also Score Top Honors

    Oasis‘ 2025 reunion tour won the Major Tour of the Year award at the 2026 Pollstar Awards, held Wednesday night in Hollywood as the centerpiece event of the annual Pollstar Live! conference, hosted by the primary trade magazine focused on the live music business..

    Other top winners in genre-based categories included Metallica (for rock tour of the year), Kendrick Lamar/SZA (hip-hop tour of the year), the Weeknd (R&B tour of the year), Benson Boone (pop tour of the year), Bad Bunny (Latin tour of the year), Adam Sandler (comedy tour of the year), and Chris Stapleton and Lainey Wilson (who tied for country tour of the year).

    Olivia Dean continued her recent awards streak by winning in the category of support/special guest of the year, for her stint as opening act on Sabrina Carpenter’s “Short n’ Sweet Tour.” With a sold-out arena headlining tour commencing in May, it’s safe to say Dean will probably never be eligible for a repeat win in that category.

    Other artists who came out on top in the Pollstar voting included the Eagles, for residency of the year (at their recurring Sphere gig in Las Vegas), and Teddy Swims, as new headliner of the year.

    Many of the categories were set aside for venues or festivals. Austin City Limits and Ohana were named festivals of the year (in over 30,000 and under 30,000 attendance divisions, respectively). L.A. came out on top with the wins for nightclub of the year, the Troubadour, and outdoor venue of the year, the Hollywood Bowl. Las Vegas venues prevailed for arena of the year, which went to Sphere, and U.S. stadium of the year, a win for Allegiant Stadium. Nashville’s Pinnacle picked up the prize for new concert venue of the year.

    Among the awards going to individuals were the award for promoter of the year, which went to Live Nation’s Arthur Fogel, a bit of good news amid a tough day for that company, plus Barclay Center’s Laurie Jacoby as venue executive of the year, Red Light’s Coran Capshaw as personal manager of the year, Shore Fire’s Rebecca Shapiro as publicist of the year, CAA’s Allison McGregor as marketing executive of the year, and another CAA honoree, Darryl Eaton, as agent of the year. CAA scored an additional win as booking agency of the year.

    All of the awards are voted upon within the music industry except for one fan-voted honor that was added this year, in connection with a media sponsor — the first iHeartRadio Pollstar Fan Favorite Award for Live Performer of the Year, which went to country superstar Morgan Wallen.

    The 37th annual Pollstar Awards were hosted by iHeartRadio personality Valentine and held at the conference’s new location for 2026, the Loews Hollywood Hotel.

    A full list of winners follows:

    37th Annual Pollstar Awards Winners

    Major Tour of the Year:
    Oasis, “Oasis Live ’25 Tour”

    Rock Tour of the Year:
    Metallica, “M72 World Tour”

    Hip-Hop Tour of the Year:
    Kendrick Lamar/SZA, “Grand National Tour”

    R&B Tour of the Year:
    The Weeknd, “After Hours Til Dawn Stadium Tour”

    Pop Tour of the Year:
    Benson Boone, “American Heart World Tour”

    Country Tour of the Year:
    Chris Stapleton, “All-American Road Show” (TIE)
    Lainey Wilson, “Whirlwind World Tour” (TIE)

    Latin Tour of the Year:
    Bad Bunny, “Debí Tirar Más Fotos World Tour”

    Comedy Tour of the Year:
    Adam Sandler, “You’re My Best Friend Tour”

    Support/Special Guest of the Year:
    Olivia Dean, “Sabrina Carpenter: Short n’ Sweet Tour”

    Residency of the Year:
    Eagles, Sphere, Las Vegas, NV

    Family, Event or Non-Music Tour of the Year:
    Dancing With the Stars

    New Headliner of the Year:
    Teddy Swims

    Music Festival of The Year (Global; over 30K attendance):
    Austin City Limits Music Festival, Austin, TX

    Music Festival of The Year (Global; under 30K attendance):
    Ohana Festival, Dana Point, CA

    International Music Festival of The Year:
    Glastonbury Festival, Pilton, UK

    Nightclub of the Year:
    Troubadour, West Hollywood, CA

    Theatre of the Year:
    Radio City Music Hall, New York, NY

    Arena of the Year (U.S. Only):
    Sphere, Las Vegas, NV

    Arena of the Year (Outside the U.S.):
    The O2 – London, London, UK

    Red Rocks Award – Outdoor Concert Venue of the Year:
    Hollywood Bowl, Hollywood, CA

    Stadium of the Year (U.S. Only):
    Allegiant Stadium, Las Vegas, NV

    Stadium of the Year (Outside the U.S.):
    Wembley Stadium, London, UK

    Casino/Resort Venue of the Year:
    Mohegan Sun Arena, Uncasville, CT

    New Concert Venue of the Year:
    The Pinnacle, Nashville, TN

    Venue Executive of the Year:
    Laurie Jacoby, Barclays Center, Brooklyn, NY

    Talent Buyer of the Year:
    Del Williams, Danny Wimmer Presents

    Small Venue Talent Buyer of the Year (Under 10,000 Capacity):
    Joe Moallempour, Danny Wimmer Presents

    Bill Graham Award / Promoter of the Year:
    Arthur Fogel, Live Nation

    International Promoter of the Year:
    Erik Hoffman, Live Nation Canada

    Bobby Brooks Award – Agent of the Year:
    Darryl Eaton, Creative Artists Agency

    International Booking Agent of the Year:
    Emma Banks, Creative Artists Agency UK

    Booking Agency of the Year:
    Creative Artists Agency

    Independent Booking Agency of the Year (Global):
    Independent Artist Group (IAG)

    Rising Star Award:
    Gade Raftery, Live Nation

    Personal Manager of the Year:
    Coran Capshaw, Red Light Management

    Maxie Solters Award – Touring Publicist of the Year:
    Rebecca Shapiro, Shore Fire Media

    Marketing Executive of the Year:
    Allison McGregor, Creative Artists Agency

    Road Warrior of the Year:
    Chris Risner, Metallica

    Transportation Company of the Year:
    Upstaging

    Concert Visuals Company of the Year:
    4Wall Entertainment

    Concert Sound Company of the Year:
    L-Acoustics

    Tour Services Company of the Year:
    Master Tour

  • ‘Beef’ Is Overcrowded and Unfocused in an Unnecessary Season 2: TV Review

    ‘Beef’ Is Overcrowded and Unfocused in an Unnecessary Season 2: TV Review

    In transitioning from a standalone story to a multi-season anthology, all shows in the genre Ryan Murphy took mainstream with “American Horror Story” face the same existential question. If a series isn’t defined by a stable set of characters or locations, what does define it? For HBO’s “The White Lotus,” the answer is wealthy people trying and failing to outrun their problems at various outposts of a luxury hotel chain. For FX’s “Fargo,” it’s the battle between moral turpitude and folksy common decency across the American Midwest. 

    For Netflix’s “Beef,” the 2023 hit and Emmys darling that starred Ali Wong and Steven Yeun as enraged enemies, its core essence appears to be right there in the name. Wherever creator Lee Sung Jin took the concept next, a bitter rivalry would presumably be its driving force, just as Wong and Yeun’s searing anti-platonic chemistry powered Season 1 through some tonal bumps and big swings. And unlike “Feud,” the Murphy show with a confusingly similar name and concept, “Beef” could do so without the constricting tethers of a real-life inspiration. 

    Three years later, Season 2 seems to reintroduce itself along these established lines. The biggest difference, in line with all the attention and acclaim received by Season 1, is one of scale: rather than two individuals on a collision course across class and gender lines, we now have two couples. Josh (Oscar Isaac) and Lindsay (Carey Mulligan) are aging hipsters who’ve traded cool, creative careers in music and interior design for a cushy gig running a Montecito beach club — Josh as general manager, Lindsay as his de facto lieutenant. Austin (Charles Melton) and Ashley (Cailee Spaeny) are two low-level employees at the club who decide to blackmail the older couple into promotions when they catch the pair on video in a nasty, violent fight. The millennial-Gen Z generational divide, both sides fighting over scraps of a shrinking pie while still in smiling, obsequious service to aging boomers, is an enticing hook made more so by meta casting. Isaac and Mulligan are experienced film stars, while Melton and Spaeny are more recent breakouts. All four are executive producers. 

    But over eight episodes, “Beef” loses focus and overcrowds this already expanded premise. By the closing credits, Season 2 is no longer mainly about the acrimony between its antiheroes and what it brings out from within them. Which begs the question: even if a follow-up allows Lee to attract bigger names and film in far-flung locations (more on that shortly), was “Beef” ultimately worth turning into a franchise?

    Doubling the personalities would be a tall enough order in itself. Yet Season 2 soon reveals it’s not really the story of two couples, but three. The club has recently been acquired by a South Korean billionaire, Chairwoman Park (Oscar winner Youn Yuh-Jung of “Minari”), who’s less preoccupied with her new toy than the hand tremors threatening the livelihood of her much younger husband, plastic surgeon Dr. Kim (“Parasite” star Song Kang-ho, so rarely seen that the role is a glorified cameo). The new bosses’ high-class problems are always tertiary to the Josh-Lindsay-Ashley-Austin quadfecta and never stop feeling tacked-on, even when plot contrivances transport the entire ensemble to Seoul for the finale. But they’re just present enough to distract from the core conflict, transforming the season from a group character study into a corporate espionage thriller such that neither half feels fully fleshed-out.

    It’s a shame, because before they peter out, there are threads worth following. Lee has a gift for crafting characters who ride the edge between loathsome and pathetic; you feel just enough for these people to keep watching, and enjoying, their self-inflicted suffering. Josh and Lindsay’s carefree youth has curdled into a tangle of resentments over squandered money and lost potential, with their dachshund Burberry  — it’s a good joke! — the thin layer of glue keeping the sexless relationship together. Ashley and Austin are only 18 months into their courtship and newly engaged, but there are already cracks in their freshly laid foundation. A former college football player, Austin is struggling to reinvent himself as a personal trainer, while Ashley clings to the prospect of motherhood as a salve for her abandonment issues. (Her extortion of Josh is motivated by a need for health insurance to fund an ovarian cyst surgery.) Both seem more anxious about holding onto their first love than actually enamored with each other. 

    Just as Season 1 was a sociological cross section of Asian-American Los Angeles and its many subcultures, Season 2 gets specific with another corner of Southern California. Josh and Lindsay live in Ojai, the hippie mountain town turned increasingly yuppie enclave; Austin and Ashley are in more working-class Oxnard. None of them can actually afford to live near their jobs around Santa Barbara, a common trend with service workers employed in what’s increasingly a retirement community for well-heeled baby boomers. 

    But rather than dig into this dynamic, Season 2 represents the club’s clientele through a single VIP, Troy (William Fichtner), and his trophy wife Ava (Mikaela Hoover). Most of “Beef”’s satirical ire is instead reserved for those lower down the food chain: Josh’s unctuous sycophancy (Lindsay says he’s good at his job as an insult), Lindsay’s posh permafrost (she thinks Park deeming her aesthetic “colonial” is a compliment), and most uncomfortably, Austin and Ashley’s stupidity. (He thinks “misc.” on an invoice is a typo for “mist”; she makes sense of a 1 to 10 pain scale by reasoning it’s “like Letterboxd.”) 

    Given their youth and economic precarity, the show’s contempt for Austin and Ashley can tip into the mean-spirited, even if it’s not exclusive to them. Ashley complains that she worked “nine whole hours” at her new job, a “kids these days” stereotype that’s the most basic form of generational humor. Regardless, the performances are uniformly, and unsurprisingly, excellent. There are no great discoveries here, á la Young Mazino in Season 1 — just professionals demonstrating why their success is so justified. Melton, for example, follows up his revelatory turn in “May December” with another young man in a toxic relationship whose emotions are inscrutable to himself but painfully obvious to the viewer.

    In fact, this expanded version of “Beef” has so many centers of gravity that the whole enterprise starts feeling adrift. At the season’s halfway mark, Ashley vows to “take” Josh “down” by any means necessary. The line gives the feeling of the plot locking into place. (Where’s the beef? Here!) Except little ever comes of it. “Beef” has to attend to the internal dynamics of the marriages, plus the initially vestigial but increasingly overpowering storyline about Park and Kim’s plastic surgery clinic. A finale set piece there is riveting and directed with flair by series stalwart Jake Schreier; the scene still feels disconnected from the preceding buildup. Dr. Kim and his physical decline are introduced at the end of Episode 2 in an abrupt escalation of stakes. Despite some gestures at Austin exploring his half-Korean heritage through a flirtation with Park’s assistant Eunice (Seoyeon Jang), the subplot is never smoothly incorporated.

    Once the animosity between Josh, Ashley and their significant others fades into the background, it’s increasingly difficult to discern what Lee wanted to say with their juxtaposition. Is it that all couples outside the 0.01% will crack under financial pressure in time? Is it that the middle-aged envy and want to sabotage the innocence of fresh-faced twentysomethings? Or is it that Season 1 was successful enough to demand a sequel, regardless of how much Lee’s current interests aligned with the “Beef” framework? Season 1 of “Beef” was an original idea that took off on the strength of its own merits, not a brand name. Perhaps that was the magic worth attempting to replicate.

    All eight episodes of ‘Beef’ Season 2 are now streaming on Netflix. 

  • Bitcoin Exchange Binance Announces It Will List This Altcoin on Its Futures Trading Platform! Here Are the Details

    Bitcoin Exchange Binance Announces It Will List This Altcoin on Its Futures Trading Platform! Here Are the Details

    Binance Futures, one of the world’s largest crypto derivatives platforms, has announced a new step to expand its trading options. According to the announcement, the platform will make the USDⓈ-margined GENIUSUSDT perpetual futures contract available to users starting April 16, 2026, at 06:30 AM.

    The newly listed contract will offer investors leverage of up to 20x. The underlying asset will be the $GENIUS token. The project, described as “Genius Terminal,” stands out as a dedicated on-chain terminal solution.

    The GENIUSUSDT contract will use $USDT as the settlement asset. The minimum transaction amount is set at 1 $GENIUS, while the minimum denomination is 5 $USDT. The tick size (price increment) is announced as 0.0001. The platform will also limit the funding rate to between +2% and -2%, and funding payments will be made every four hours.

    The contract will offer 24/7 trading, like other Binance Futures products, and will support Multi-Assets Mode. This will allow users to develop more flexible trading strategies by using different assets as collateral.

    Binance states that with the launch of new products, it aims to improve the user experience and offer greater diversity to investors. However, experts warn investors to be cautious, noting that while high leverage trading can increase potential gains, it can also increase risks.

    *This is not investment advice.

  • Bitcoin is testing a level that capped its rally in January, CryptoQuant says

    Bitcoin is testing a level that capped its rally in January, CryptoQuant says

    Bitcoin’s rally toward $75,000 is running into a wall of supply just as institutional demand is holding steady.

    The move higher has been driven largely by macro flows rather than a broad surge in speculative activity. U.S.-listed spot bitcoin ETFs have continued to draw consistent inflows this month, including roughly $240 million in a single session following geopolitical tensions in the Middle East, according to market maker Enflux.

    That bid helped lift $BTC from around $71,000 to the mid-$70,000s, even as traditional markets absorbed rising oil prices and shifting rate expectations. The pattern, Enflux noted, reflects allocation behavior rather than momentum chasing.

    But as bitcoin pushes higher, the character of the market is starting to change.

    On-chain data suggests supply is beginning to emerge more aggressively as prices approach a key cost-basis level for short-term holders. Around $76,800 sits the so-called realized price for recent buyers, effectively the average entry point for traders who accumulated during the last phase of the drawdown, according to CryptoQuant. In weaker market regimes, that level has often acted as resistance, as investors who were previously underwater use rallies to exit at breakeven.

    It should be noted that the same band capped January’s bounce almost to the dollar before prices reversed toward $60,000.

    CryptoQuant said bitcoin exchange inflows spiked to roughly 11,000 $BTC per hour, the highest since late December, as prices tested the $75,000 to $76,000 range.

    At the same time, the average deposit size rose to about 2.25 $BTC, the highest daily reading since mid-2024, suggesting that larger holders are driving the move. The share of large transfers jumped from below 10% to above 40% of total inflows within days, a shift the firm said has historically coincided with increased distribution pressure.

    That sets up a two-sided market.

    On one side, ETF flows and macro tailwinds continue to provide a steady source of demand. On the other, large holders appear to be using the rally to reduce exposure, feeding liquidity into the market as prices approach a widely watched breakeven zone.

    What emerges is less a standoff than a handoff. Long-term holders appear to be distributing coins directly into ETF demand — the exchange inflows CryptoQuant flags and the ETF inflows Enflux tracks are, in effect, two sides of the same transaction, visible in different datasets.

    Whether that handoff clears depends on whether the new holders prove stickier than the ones exiting. That is a late-cycle pattern, and it resolves in one of two ways.

    The result is a market that can move higher quickly on inflows, but struggles to sustain those gains once supply builds. A sustained break above the mid-$70,000s would likely require demand to absorb a growing wave of sell pressure. Failing that, the balance could tilt the other way, CryptoQuant writes, leaving bitcoin vulnerable to a pullback toward the low-$70,000s, where the latest leg of the rally began.

  • Tom Lee’s BitMine Posts $3.8 Billion Quarterly Loss Due to Ethereum Price Plunge

    Tom Lee’s BitMine Posts $3.8 Billion Quarterly Loss Due to Ethereum Price Plunge

    In brief

    • BitMine posted a net loss of more than $3.8 billion during the three-month stretch ending in February.
    • The firm attributes most of the losses to the unrealized or paper losses mounting from its Ethereum holdings.
    • Shares of BMNR are up about 1% on Wednesday, but have slid nearly 60% in the last six months.

    Leading Ethereum treasury firm BitMine Immersion Technologies lost more than $3.8 billion in the quarterly period ending on February 28, according to a new 10-Q the firm filed with the SEC on Tuesday. 

    The firm’s net loss figure of $3.81 billion was largely driven by mounting unrealized losses from its Ethereum holdings, which accounted for nearly 99% of the firm’s reported losses. Over a longer timeframe, the losses are even greater, extending beyond $9 billion in the six-month span ending in February.

    “Our operating model is now anchored by our ETH treasury strategy and capital-light ecosystem services,” the firm wrote, adding that “ETH market conditions, which affect the value of our holdings and the economics of any staking or staking-adjacent activities,” are now a key driver of its results. 

    The firm also posted an unrealized loss of around $21 million for its investment in Eightco (ORBS), a Worldcoin treasury firm that also provides investors exposure to private artificial intelligence giant and ChatGPT maker, OpenAI. (Disclosure: BitMine Chairman Tom Lee is an investor in DastanDecrypt‘s parent company.)

    All in, the results have soured substantially from the same period last year, when the firm reported a loss of just $1.15 million. 

    The biggest culprit? Ethereum.

    The second-largest crypto asset, and the primary treasury vehicle for BitMine, has fallen nearly 53% from its August all-time high of $4,946, recently changing hands at $2,346. ETH was trading around $1,965 at the close on February 28, down from about $2,800 at the start of December.

    BitMine, which relentlessly adds to its holdings—including a $157 million ETH purchase reported earlier this week—now holds 4,874,858 ETH worth more than $11.3 billion. But that’s far less than it has paid to accumulate it, having purchased its first 4.47 million ETH for nearly $17 billion, according to its 10-Q.

    In other words, 92% of the firm’s total ETH holdings were accumulated with an average price of around $3,794 per ETH, or around 63% higher than the asset currently trades. The staggering losses have shrunk in recent days, as ETH has jumped around 4% in the last week of trading. 

    Shares in the firm (BMNR), which were uplisted last week to the NYSE from the smaller NYSE American exchange, are up around 1% on Wednesday, recently changing hands at $21.69. 

    They’ve fallen nearly 60% in the last six months of trading and are down 20% year-to-date. 

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  • Anthropic Preps Opus 4.7 and Full-Stack AI Studio—While Sitting on Something Much Scarier

    Anthropic Preps Opus 4.7 and Full-Stack AI Studio—While Sitting on Something Much Scarier

    In brief

    • Anthropic is preparing Claude Opus 4.7 and an AI design tool for websites and presentations
    • Claude Mythos remains Anthropic’s true frontier model, and the company won’t release it publicly.
    • The industry still can’t reliably measure AI improvements, making claims about Opus 4.7’s gains hard to verify.

    Anthropic is gearing up to release Claude Opus 4.7 alongside a new AI-powered design tool that lets users build websites, presentations, and landing pages with plain English prompts—news that caused a dip in Adobe, Wix, and Figma shares on Monday, according to The Information.

    The products could drop as soon as this week, a person with knowledge of the plans told The Information. The design tool targets developers and non-technical users alike, putting it on a collision course with startups like Gamma and Google’s Stitch.

    Anthropic did not respond to Decrypt’s request for comment.

    Opus 4.7 isn’t even Anthropic’s most powerful model. That title belongs to Claude Mythos—a cybersecurity-focused beast the company is quietly handing to select security firms while keeping it away from the public.

    The UK’s AI Security Institute recently evaluated Mythos Preview and found it can autonomously execute sophisticated cyber attacks at rates no other model has matched. It became the first AI to complete “The Last Ones,” a 32-step corporate network attack simulation that typically takes human red teams 20 hours. Mythos nailed it in three out of ten attempts, averaging 22 of 32 steps—compared to Opus 4.6’s 16.

    This matters beyond enterprise security. Measuring what AI can actually do has become an industry-wide headache. OpenAI recently called the leading coding benchmark “contaminated,” yet models continue to be compared using those same tests. A separate ARC-AGI-3 evaluation saw Gemini score 0.37% and GPT-5.4 hit 0.26%—while humans got 100%. The result is a landscape where benchmarks are both contested and still used as evidence, making it difficult to contextualize claims about Opus 4.7’s gains until Anthropic releases a detailed model card.

    The relationship between Opus and Mythos is closer than most realize. Anthropic builds its frontier models by fine-tuning atop the Opus line—the same backbone powering public Claude products gets stress-tested and hardened into Mythos. Opus 4.7 is the foundation that eventually gets the cybersecurity kung fu beaten into it.

    Also, Anthropic’s efforts have been steering more towards the development/enterprise use case. The leak of Claude code, the release of the skills system and MCP protocol, the focus on agentic AI and the care on coding benchmarks make this even more apparent. While Anthropic hasn’t formally announced it, the leaks reinforce the broader shift from LLM provider to something that resembles a full-stack “AI studio” model, where Claude doesn’t just generate text but builds and deploys complete products.

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  • Bah humbug! SantaCon organizer is a grinch who stole $1 million, DOJ alleges

    Bah humbug! SantaCon organizer is a grinch who stole $1 million, DOJ alleges

    New York  — The organizer of SantaCon, an annual bar crawl where attendees dress up as Santa Claus, was arrested and charged with stealing more than $1 million intended for charity.

    Federal prosecutors allege that from 2019 to April 2026 Stefan Pildes, the organizer of SantaCon, defrauded tens of thousands of ticket-buying revelers and venue operators by promising proceeds would go to charities but instead used more than half of the money raised to line his pockets.

    RELATED: Danville celebrates first SantaCon and the event’s creators approve

    Over that seven-year period authorities allege SantaCon brought in $2.7 million in proceeds and “only small fraction” of the money went to the intended charities.

    Pildes allegedly used the money to bankroll a $365,000 renovation of a New Jersey lakefront property, cover a $3,000 dinner at a Michelin-starred restaurant in Manhattan, buy a luxury car, and take vacations to Vail, Hawaii and Las Vegas. He also allegedly used about $124,000 toward renting a luxury apartment.

    “Pildes allegedly stole Christmas from tens of thousands of victims and deprived local charities of more than one million dollars,” said James C. Barnacle, Jr., the FBI assistant director in charge of the New York field office.

    Attendees of SantaCon paid between $10 and $20 per ticket and in exchange received access to designated venues participating in the day-long celebration. Restaurants and bars who signed on as venues agreed to give a percentage of their food and drink sales – typically 10 to 25% – to the SantaCon entity as a “charitable commission,” according to the indictment.

    On the SantaCon website, Pildes said that ticket sales went “directly to Santa’s charity drive,” according to the indictment.

    One attendee was told by SantaCon in an email, “your donation goes to charity and it is only a few bucks and that good feeling will warm your heart faster than whiskey and gingerbread,” according to the indictment.

    Pildes is expected to appear in federal court on Wednesday. If convicted he could face as much as 20 years in prison.

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  • US jury finds Ticketmaster and Live Nation had anticompetitive monopoly

    US jury finds Ticketmaster and Live Nation had anticompetitive monopoly

    A New York jury has found that concert giant Live Nation and its subsidiary Ticketmaster had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over claims brought by dozens of states in the United States.

    A Manhattan federal jury deliberated for four days before reaching its decision on Wednesday in the closely watched case, which gave fans the equivalent of a backstage pass to a business that dominates live entertainment in the US and beyond.

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    At the end of the proceeding, the judge told lawyers on both sides to arrange with one another “and the United States” to provide a joint letter proposing a schedule for motions and how the remedies phase of the case would occur. He told them to deliver it by late next week.

    Live Nation Entertainment owns, operates, controls booking for or has an equity interest in hundreds of venues. Its subsidiary Ticketmaster is widely considered to be the world’s largest ticket-seller for live events. Its lawyers did not immediately comment as they left the court, but said a statement would be issued shortly.

    The verdict could cost Live Nation and Ticketmaster hundreds of millions of dollars, just for the $1.72 per ticket that the jury found Ticketmaster had overcharged consumers in 22 states. The companies could also be assessed penalties. In addition, sanctions could result in court orders that they divest themselves of some entities, including venues, such as amphitheatres that they own.

    Smothering competition

    The civil case, initially led by the US federal government, accused Live Nation of using its reach to smother competition by blocking venues from using multiple ticket sellers, for example.

    “It is time to hold them accountable,” Jeffrey Kessler, a lawyer for the states, said in a closing argument, calling Live Nation a “monopolistic bully” that drove up prices for ticket buyers.

    Live Nation insisted it is not a monopoly, saying that artists, sport teams and venues decide prices and ticketing practices. A company lawyer insisted its size was simply a function of excellence and effort.

    “Success is not against the antitrust laws in the United States,” lawyer David Marriott said in his summation.

    Ticketmaster was established in 1976 and merged with Live Nation in 2010. The company now controls 86 percent of the market for concerts and 73 percent of the overall market when sporting events are included, according to Kessler.

    Ticketmaster has long drawn ire from fans and some artists. Grunge rock titans Pearl Jam battled the business in the 1990s, even filing an antimonopoly complaint with the US Department of Justice, which declined to bring a case at that time.

    Decades later, the Justice Department, joined by dozens of states, brought the current lawsuit during Democratic former President Joe Biden’s administration. Days into the trial, Republican President Donald Trump’s administration announced it was settling its claims against Live Nation.

    The deal included a cap on service fees at some amphitheatres, plus some new ticket-selling options for promoters and venues — potentially allowing, but not requiring, them to open doors to Ticketmaster competitors such as SeatGeek or AXS. But the settlement does not force Live Nation to split from Ticketmaster.

    A handful of the states joined the settlement. But more than 30 pressed ahead with the trial, saying the federal government had not gotten enough concessions from Live Nation.

    The trial brought Live Nation CEO Michael Rapino to the witness stand, where he was questioned about matters that included the company’s Taylor Swift ticket debacle in 2022, when a massive demand for pre-sale tickets for her concert led to major issues on Ticketmaster. Rapino blamed a cyberattack.

    The proceedings also aired a Live Nation executive’s internal messages declaring some prices “outrageous,” calling customers “so stupid”, and boasting that the company “robbing them blind, baby”. The executive, Benjamin Baker, apologetically testified that the messages were “very immature and unacceptable”.

  • Steven Spielberg Warns Hollywood Must Invest in Original Stories or Movies Will ‘Run Out of Gas,’ Debuts Eerie New ‘Disclosure Day’ Trailer at CinemaCon

    Steven Spielberg Warns Hollywood Must Invest in Original Stories or Movies Will ‘Run Out of Gas,’ Debuts Eerie New ‘Disclosure Day’ Trailer at CinemaCon

    They’re here.

    Steven Spielberg premiered a new trailer at CinemaCon on Wednesday for “Disclosure Day,” his return to summer blockbuster filmmaking after a decade mostly spent making personal dramas (“The Fabelmans”) and prestige fare (“West Side Story”). The film’s plot has been shrouded in secrecy, but it involves visitors from another planet and a vast government conspiracy to cover up their arrival. It’s a genre that has been good to Spielberg over the years, inspiring classics such as “E.T. the Extra-Terrestrial,” “Close Encounters of the Third Kind” and hits like his remake of “War of the Worlds.”

    Here he’s supported by a starry cast that includes Emily Blunt as a weather reporter with a connection to otherworldly visitors; Josh O’Connor as a man with evidence that we’ve made contact; and Colin Firth as a nefarious bureaucrat who will stop at nothing to keep our heroes from going public. Eve Hewson and Colman Domingo round out the ensemble. David Koepp, who penned “Jurassic Park,” wrote the script. Spielberg called the sci-fi premise “closer to truth” than you might think.

    “I’ve been curious ever since I was a little kid with what was happening in the night sky,” Spielberg said.

    He noted that there has been increasing evidence that unidentified flying objects are real, referencing a 2017 report in the New York Times on a secret Pentagon program to investigate these mysterious sightings.

    “The world became more accepting of the fact that we probably are not alone,” Spielberg said. The director’s certainty that intelligent life is out there has only grown in the nearly 50 years between the release of “Close Encounters of the Third Kind” and “Disclosure Day.”

    “I believe this movie is going to answer questions and this movie is going to cause a lot of people to ask a lot of questions,” Spielberg said. “All you need to get from beginning to end is a seat belt,” he added.

    There was lots of that Spielbergian sweep on display in the footage that he presented on Wednesday. Blunt and O’Connor crash through a farm house while evading government agents and later climb onto a speeding train. As for the aliens, they are glimpsed fleetingly. A ship (is it a flying saucer?) starts to materialize out of an ink-black sky; a hand that is definitely not human reaches up to caress a face. But do they come in peace?

    At CinemaCon, Motion Picture Association CEO Charlie Rivkin presented a visibly emotional Spielberg with a “one-time honor, the America 250 award,” which was followed by a conversation between Domingo and his “Disclosure Day” director. It marks Spielberg’s first visit to the exhibition industry trade show.

    “I promise you this will not be my last,” Spielberg promised after receiving a standing ovation.

    Spielberg wasn’t just in promotional mode. He came with advice about how to sustain an art form he loves. That started with a plea to keep movies in theaters longer before debuting them on home entertainment platforms. To that end, he praised Universal, the studio behind “Disclosure Day,” for its recent decision to increase the number of days its films are in cinemas from as few as 17 to 45.

    “Audiences will find what they want to watch, whether the films are big or small, but studios need to help us by greatly expanding the exclusive windows like [Universal Entertainment chief] Donna Langley just did,” Spielberg said to loud applause. “Today I’ve got to be greedy. Do I hear 60 days? Do I hear 120 days?”

    Spielberg stressed that studios like Universal need to keep investing in original films like “Disclosure Day” instead of reboots, sequels and spinoffs.

    “If all we make is known, branded IP, we’re going to run out of gas,” Spielberg said. “There is nothing more important than giving the audience visual stories, and they can be in any form, but we need to tell more original stories.”

    But will “Disclosure Day” prove that audiences want something new and different or will it struggle to draw crowds to a movie that isn’t based on a comic book or a video game? We’ll find out if Spielberg is right when it opens on June 12.

  • Netflix Latin America’s Francisco Ramos Says: ‘I Believe It’s Crucial for Talented People to Feel They Can Succeed in Their Own Country’ (EXCLUSIVE)

    Netflix Latin America’s Francisco Ramos Says: ‘I Believe It’s Crucial for Talented People to Feel They Can Succeed in Their Own Country’ (EXCLUSIVE)

    After opening new offices in Mexico, Brazil and Argentina this year, Netflix is now turning its attention to Colombia.

    Francisco Ramos, Netflix’s VP of original content, Latin America, was at the 65th Cartagena Film Festival (FICCI) to present four key initiatives aimed at bolstering the country’s audiovisual industry and give a sneak peek of Season 2 of “One Hundred Years of Solitude,” the streamer’s most ambitious series in the region.

     “To us, telling stories in Colombia is just the beginning. We want the experience of producing on a large scale – as we’ve done with ‘One Hundred Years of Solitude’ – to leave a positive impression on the creative industry. Today, the goal is to continue driving this growth so that the local ecosystem becomes increasingly robust, competitive and sustainable,” said Ramos, noting that Netflix was marking its 15th anniversary in Latin America, where it produced three out of its first five original local language shows.

    In an exclusive interview with Variety, he pointed out that while Colombia has shown immense potential, it remains vital that Netflix provide not just financial support, but also the resources to execute artistic and technical craftsmanship.

    “Otherwise, there’s a risk of a bubble: lots of production without quality, ambition or proper execution. The talent exists and with the initiatives we’ve been doing — and the new ones we’re launching — we’re emphasizing the need for more people to develop their craft. This will allow not only more diverse stories but also a deeper understanding of Colombia’s complexity: multiple large cities, diverse cultures, Caribbean, Pacific, central regions, and borders with several countries. On the technical side, people have always had the knowledge, but lacked resources. Now, we provide the tools and opportunities to fully develop their expertise.”

    “I really believe it’s crucial for talented people to feel they can succeed in their own country. I’d be concerned if talented Colombians felt that to succeed in any craft — production design, costume, makeup, VFX, cinematography or production — they had to leave the country. People should have the option, especially in such a culturally rich country like Colombia, to build their careers at home.”

    The four new training initiatives are:

    Opera Prima Lab Film & Series:

    Developed in partnership with FICCI, it will focus on guiding emerging filmmakers who are developing their first feature film or series. Alongside Netflix, the program “offers specialized mentorship in storytelling, essential production tools, and access to the FICCI programming, aimed at continuing to build our capacity to tell our own stories,” said Mónica Moya, FICCI industry director.

    “There are extraordinary new filmmakers emerging — when I say “small,” I mean their films are small in scale, not in vision. Many of these movies wouldn’t be made without incentives, so we’re building the infrastructure to give these filmmakers access to people who can help make their projects more extraordinary, unique and individual,” Ramos asserted.

    “It’s interesting because some might think our efforts are self-serving, but many of these films may never even end up on Netflix — and that’s perfectly fine. These filmmakers or writers could later work on a show with us or bring a project to us. I genuinely feel that when a film gets made because of the resources and support we provide — even if we’re technically competitors — it validates the ecosystem we’re building,” he added.

    Lab Macondo 3:

    In partnership with the Colombian Film Academy, led by Cristina Umaña, actress and President of the Colombian Film Academy, the Lab builds on earlier editions focused on literary adaptation and production design. Now in its third iteration, it centers on executive production as the bridge between creative vision and project sustainability, with most of its 24 participants hailing from across Colombia’s regions.

    “Developing the craft of production designers — similar to the way exceptional designers in Mexico are recognized globally — will be hugely beneficial here. For example, many art directors who worked on ‘One Hundred Years of Solitude’ with Bárbara Enríquez are now joining us and even our competitors as production designers, because they now understand and can bring this level of vision to a project,” Ramos noted.

    Audiovisual Industry Provider Training Program: 80 companies will be participating in this initiative in partnership with local producers association ASOCINDE, which will focus on fortifying the capabilities of companies to develop and produce content, said its president Diego F. Ramírez. “Every link in the chain is essential for content to reach audiences across borders; that is why the program promotes the development of skills, services and logistical capabilities that enable us to take our productions further.”

    BAMMERS: Developed alongside promotional entity Proimágenes Colombia as part of the Bogotá Audiovisual Market (BAM), the initiative backs a new generation of Latin American producers by providing them with tools and connections to develop projects with international appeal.

    “Opportunities make the difference, and these training programs pave the way for them. Initiatives like BAMMERS provide access to international experts, allow for the sharing of experiences, and connect participants with producers currently active in the industry. It’s a unique opportunity — one that’s often found not in universities, but in real life — and this is the first step,” said Claudia Triana, executive director of Proimágenes.

    This initiative builds on the momentum led by “One Hundred Years of Solitude,” which marked a milestone for Colombia’s industry, not only for its cultural significance but also for its economic impact. Injecting close to $60 million into the national economy, it was a gargantuan production that involved building the mythical village of Macondo, which spanned over 5,812,506 square feet and tapped thousands of local talent and resources.

    The 65th Cartagena Film Festival runs April 14- 19.