Fans tell artists to "go independent" without knowing what that actually takes. Ed Sheeran left Warner in May. Two months later he's reportedly signing with Interscope, another major. At the superstar level, you can't replace the infrastructure and funding a label provides.
Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.
Breaking: Conor McGregor will face Max Holloway in the main event at UFC 329 in Las Vegas, @DanaWhite announced on social media.
This bout will be fought at 170 lbs.
If Drake leaves UMG, his back catalog stays with the label. Every new album he drops, on any label, drives revenue back to music UMG controls. The smarter play isn’t to leave but to negotiate a renewal that includes a path to owning his masters.
Adin Ross’ next Brand Risk is set to be the biggest one yet 🤯
▫️Hosted at the UFC Apex in Las Vegas
▫️1,000+ seats
▫️1.5M+ concurrent viewers projected
▫️DDG performance
▫️Drake, Dana White, CORE Boys, N3ON, Akademiks, LosPollos and others in attendance
May 23 | 8PM
Label debt is NOT personal debt.
If a label pays you an upfront advance, they recoup it from your royalties first. But if you never recoup the full amount, you keep the advance and walk away. There is no repayment, credit impact, or garnished paychecks.
Not a loan.
R&B/hip-hop was the #1 genre in the US in 2025, with 350 billion total on-demand audio streams (via Luminate).
R&B and hip-hop are typically considered different genres.