Samantha

so it goes 📚☕️💍

[Mayor Zohran Kwame Mamdani @NYCMayor]

Today, I signed an Executive Order temporarily repealing bedtimes in the City of New York so that kids of all ages can watch our team in the NBA Finals.

As Mayor, you’re forced to make many difficult decisions. This was not one of them.

Go Knicks.

[JB Pritzker @JBPritzker]

The hidden force:

[Anish Moonka @anishmoonka]

Universal Music is selling $1.4 billion in Spotify shares. It paid nothing for them. Spotify handed the shares over in 2008 just for letting Spotify play music, and the deal was set up so almost none of that money would ever reach the artists who made the music. Taylor Swift's 2018 contract changed that.

Back in 2008, Spotify was a small Swedish startup that needed songs to play. The big record labels had the songs. They had no reason to hand them over cheap, so the two sides cut a deal. Spotify gave them shares. The labels gave Spotify the right to play their music. Universal walked away with 5%. That stake later grew to 7% when Universal bought EMI and rolled EMI's 2% into its own. Then it drifted back to 3% as Spotify took on more investors and shrank everyone's slice. At today's prices, 3% of Spotify is worth about $2.7 billion. Universal sat on those shares for 18 years and never sold a single one. Until yesterday.

Most artists never see royalty money. When a label signs you, it pays you an advance to live on while you make the album. It also covers your studio time, your music videos, your marketing, your tour. All of those costs go on a tab. The label keeps every dollar your music earns until you clear that tab. Berklee, the music school in Boston, says as many as 96% of major-label artists never earn enough to clear it. They stay in the red their entire careers.

Sony moved first in 2018. It sold half its Spotify shares for $768 million and paid $250 million directly to its artists in cash, no matter how much each one still owed. Warner followed a few months later. It sold all of its Spotify shares for $504 million and said $126 million would go to its artists too. Warner played it differently. Most of that money went to pay down what those artists already owed, instead of putting fresh cash in their pockets.

Taylor Swift was negotiating her own deal with Universal that same year. She refused to sign unless Universal put the Sony version of the rule in her contract. Cash to artists, no matter what they owed. She wrote at the time that the clause "meant more to me than any other deal point." Universal had said publicly in March 2018 it would share Spotify money with artists. But it had not put the cash-not-credit rule in writing. Swift's contract, signed eight months later, did.

Universal is finally selling. Hundreds of millions of dollars in cash are about to land in artists' bank accounts, including artists who have spent years or decades in the red and would otherwise get nothing from a sale like this.

Most of those artists have never met Taylor Swift. All of them benefit from a single line she insisted on eight years ago.

[✩ CEL ✩ @moonlithoax]

😭😭😭😭

[Cassie ❤️‍🔥 @yvrswiftie]

All of us swifties rn:

[Redd @ReddCinema]

not having to bring my backpack to the last day of elementary school was the last time i truly felt free

[unusual_whales @unusual_whales]

"Gen Z are over having their work ethic questioned: ‘Most boomers don’t know what it’s like to work 40+ hours a week and still not be able to afford a house’," per FORTUNE:

[Liam Nissan™ @theliamnissan]

Lauren Boebert calling for the abolishment of the Department of Education is like chlamydia speaking out about the dangers of antibiotics

[lauren @laurenashastro]

great time to get an english degree honestly nobody can read or write you might become scribe to the king in the next 15 years if you know cursive the way things are going

[Irishrygirl @irishrygirl]

Only in America do we ban TikTok before AR-15s.

[Carly Incontro @carlyincontro]

it’s crazy he killed one person, made sure no one else got hurt, and did it for a cause that’s harming pretty much everyone in our country unless you’re rich. why is he a terrorist but kyle rittenhouse is not he fully fired on a crowd of people and gets praised by trumpies? loser

[𝓔𝓶 ♡ @emkenobi]

Very few school shooters have gotten the death penalty. Yet the U.S. is trying to charge Luigi Mangione so he gets the death penalty for killing one man. You can kill dozens of kids and get a lesser sentence because their lives don’t matter as much as a CEO’s. That’s America.

[💀DeathMetalViking💀 @DeathMetalV]

"Terrorism" if it's a CEO, but "unfixable" if it's school children.

[Pop Base @PopBase]

🚨 A ‘One Tree Hill’ sequel series is officially in the works at Netflix.

Sophia Bush and Hilarie Burton are confirmed to be reprising their roles.

[Niall Horan @NiallOfficial]

Night Forty-Six Bangor

[Samantha @_sammyyb]

@angelica_st @HussonU awe I love this photo!!!