Lil Nas X's Satan Shoes recalled back to Hell
CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including a legal settlement that will see 666 pairs of Nike trainers that were turned – without the sportswear brand’s permission – into Lil Nas X’s Satan Shoes recalled, plus the merger of Scooter Braun’s Ithaca Holdings with the South Korean music company formerly known as Big Hit Entertainment, HYBE. SECTION TIMES 01: Satan Shoes (00:06:41) 02: HYBE and Ithaca (00:21:13) (Timings may be slightly different due to adverts) STORIES DISCUSSED THIS WEEK • Nike launches lawsuit over Lil Nas X’s Satan Shoes • Satan Shoes maker responds to Nike lawsuit – it’s all just “conceptual art” • Nike and MSCHF reach settlement over Lil Nas X’s Satan Shoes • BTS and Bieber among the artists welcoming the big HYBE Ithaca merger • HYBE x Ithaca Holdings deal announcement video (YouTube) ALSO MENTIONED • Lordi to release seven albums (all at once) in 2021 • Taylor Swift to release new version of Fearless album “soon” (February 2021) • Sufjan Stevens announces five volume album (Pitchfork) • South Korean politician suggests BTS members should be offered “special alternative” to mandatory military service (October 2020) • Korea Music Content Association files complaint about ‘unfair’ mandatory military deferment (Korea Joongang Daily) • Scooter Braun acquires Big Machine in Taylor Swift’s “worst case scenario” (July 2019) • Taylor Swift planning to re-record old songs to spite former label (August 2019) • Scooter Braun sells Taylor Swift’s first six albums to private equity firm for $300 million (November 2020) • Universal and Big Hit widen partnership, set to launch “global” K-pop group (February 2021) MORE FROM CMU • All about the TGE Conference • Buy delegate passes for TGE Online 2021 • Book your place on CMU’s weekly webinars • Buy MMF and CMU Insights’ Dissecting The Digital Dollar book on Amazon • Sign up to receive the CMU Daily news bulletin