On Wednesday, the Mechanical Licensing Collective announced it had received $424.38 million in unmatched royalties from Apple Music, Amazon Music, and Spotify among other streaming services. Variety reports that these streaming services paid the accrued historical unmatched royalties, often called “black box money,” to the MLC in order to get these royalties to copyright holders, songwriters, and publishers who have applied to be MLC members.
Jeff Bezos said Tuesday that he will step down as chief executive of Amazon, leaving the helm of the company he founded 27 years ago.
The Amazon CEO and entrepreneur, Jeff Bezos, has grown his vast fortune by a further $24bn so far during the coronavirus pandemic, a roughly 20% increase over the last four months to $138b. Continue reading Amazon CEO Jeff Bezos grows fortune by $24bn amid coronavirus pandemic
Amazon’s rumored hand recognition payment tech might be useful beyond paying for produce at Whole Foods. Wall Street Journal sources say the company is developing hand-based checkout terminals that it would sell to “coffee shops, fast-food restaurants” and other stores that tend to have repeat customers, not just Whole Foods.
MacKenzie Bezos has promised at least half of her fortune to charity, CNN reports. Continue reading Jeff Bezos’ Ex-Wife MacKenzie Bezos Will Give Half Her $36.6 Billion Fortune to Charity
Nearly a month after the National Enquirer published a story about Amazon CEO and Washington Post owner Jeff Bezos’ relationship with TV host Lauren Sanchez, Bezos has accused the outlet, its owner AMI and leader David Pecker of blackmail. Continue reading Jeff Bezos accuses the National Enquirer of ‘extortion and blackmail’
Jeff Bezos‘ divorce announcement this month has been a boon for the gossip pages, with tabloids dishing on the couple’s massive fortune of roughly $140 billion and on Bezos’ reported steamy texts to his new girlfriend. Continue reading Amazon CEO Jeff Bezos’ $140B divorce: What you need to know