Billboard - USA (2020-03-14)

(Antfer) #1

W


IND ROSE, AN


Italian black-metal


band that sings about


Tolkien lore, isn’t


exactly poised to become the next


U2. But it did have a music video that


racked up 2.5 million YouTube views,


so when the like-minded Russian


band Arkona invited the group to


open last year’s Pagan Rebellion club


tour in the Midwest, Wind Rose was


thrilled to try to jump to the next level.


Then it ran into a force even more


powerful than Sauron himself: U.S.


Citizenship and Immigration Services.


The process of acquiring touring


visas, which lets foreign music groups


work in America for a year, costs


roughly $3,000 to $5,000 and has


always been a “pain in the ass,” says


veteran agent Tom Windish. But since


President Donald Trump took office


in 2017, agents, managers and attor-


neys say the process has become more


complicated and costly. In response to


Wind Rose’s application, for example,


USCIS made so many “requests for evi-


dence” — objective metrics of success,


such as awards, chart activity and


sales — that the group finally decided


to give up and stayed home.


“They have no history of touring


here, and they have no significant press


because they have no album distrib-


uted in the U.S.,” says band co-manager


Stephan Mellul. “It’s mind-boggling.”


USCIS officials say the criteria for


allowing foreign working musicians


into the country hasn’t changed. (They


won’t comment on individual cases.)


Spokesman Matthew Bourke says the


agency approved more O visas (for


artists) and P visas (for groups) in 2017,


2018 and 2019 than in the previous year


and that approval rates are generally up


and processing times down for foreign


musicians and other workers who’ve


applied for EB-1 visas for permanent


employment. But the government


data he provides suggests that while


the number of O and P visas granted


has indeed risen under the Trump


administration, the percent of requests


approved has actually declined.


That means immigration attorneys


say they have no choice but to take


on fewer clients. “The types of cases


I would’ve accepted five years ago, I


just don’t entertain anymore,” says Rita


Sostrin, a Los Angeles immigration


attorney who represents many musi-


cians. “I don’t want to give potential


clients false hope.”


“Is it harder these days? Absolutely.


Are things taking longer? Yes, they


are,” adds Jeff Gabel, an attorney for


Traffic Control Group, a New York


service that helps foreign artists obtain


documentation for touring. “I can’t


unequivocally pinpoint that any of this


is related to the current administration,


but immigration seems to be scrutiniz-


ing everything at a much stricter level.”


Some in the international tour-


ing business have noticed that it has


become more difficult for artists to


tour in many countries. Eric Herman,


who manages Bombino, Antibalas and


others, attributes the trend to “this


nationalist xenophobia that’s becoming


epidemic.” But he says the red tape can


be worth it because “the U.S. is so big


and important for an artist’s career that


you just have to jump through their


fiery hoops.” In the end, more musi-


cians are staying home rather than


making the effort to tour or collaborate


stateside. “People who used to tour


here and cut vocals and all those things


— they’re doing that stuff over the in-


ternet instead,” says Peter Coquillard,


Milk and Honey Management’s head


of international. “That’s a shame.”


Wind Rose tried to tour the United


States again in April 2020, only to hear


from its attorneys that another tough


request for evidence might be forth-


coming, so the band canceled its plans


and decided to seek high-paying fes-


tival gigs in other countries. “Instead


of starting another petition, we just


stopped everything then and there,”


says Mellul. “We said, ‘OK, maybe the


band needs to do a second record.’ ”


TRAVIS TRITT SIGNED WITH BIG NOISE MUSIC GROUP, BECOMING THE LABEL’S FIRST COUNTRY ACT. NEON16/INTERSCOPE RECORDS SIGNED COLOMBIAN ARTIST DYLAN FUENTES.


I


F STOCK MARKETS


represent the wisdom


of crowds, such as it is,


the smart money now says that


the global economic slowdown


that the coronavirus set off


will be here for some time.


Unsurprisingly, companies with


businesses that depend on public


gatherings have fared especially


poorly: Since Feb. 24, the stock


price of Live Nation has dropped


16.6% to $42.01 as of March 11,


while that of German promoter


and ticketing company CTS


Eventim has declined 6.9% and


the Madison Square Garden


Company is down 9.5%.


So far, market reaction seems


purely anticipatory: Live Nation


has twice said publicly that the


coronavirus hasn’t affected ticket


sales, and anecdotal evidence


suggests that Americans are


still going to see concerts and


sports games. The decline is also


happening at a time when many


publicly held music companies


have been thriving: Even with the


recent 16.6% drop in Live Nation’s


stock price, investors who bought


into the company five years ago


have doubled their money.


Declining stock prices will


still affect much of the music


business, however. At bigger


companies, it could complicate


everything from the retention of


employees who are compen-


sated partly with stock options


to planned capital-raising public


offerings. (Live Nation’s October


$950 million bond sale, under-


taken to fund acquisitions, will


help it weather the storm.) The


Market Shock Socks


Rock Stocks


AS WALL STREET REACTS TO THE CORONAVIRUS,


WILL THE MUSIC BUSINESS GET SICK?


U.S. Complicating


Touring For Foreign Acts


The visa process is becoming harder for many artists — to


the point that some are deciding not to play America


BY STEVE KNOPPER


Wind Rose in


Copenhagen


in 2018.


resulting uncertainty could affect


smaller players that depend on


investment from larger firms, and


a substantial pullback in spending


could devastate any number of


businesses downstream — from


sound- and lighting-equipment


rental companies to merchandis-


ers who supply concert T-shirts.


The one bright spot for some


music companies is that digital


entertainment shouldn’t be hurt


by the turmoil — and could even


thrive. From Feb. 24 to March 11,


Spotify shares decreased only


4.8%, compared with the New


York Stock Exchange’s 5.2% drop.


The rest of the industry can only


hope that increased in-home lis-


tening will eventually fuel demand


to see live music once the corona-


virus abates. —GLENN PEOPLES


Live Nation


Madison Square Garden Co.


CTS Eventim -41.2%


-17.9% -15.1%


-20.0% -19.7%


-29.1% -25.2%


-25.2%


-43.4% -41.2%


CHANGE IN STOCK PRICE SINCE FEB. 24 YTD


S&P 500


New York Stock Exchange


WORSE THAN NOSEBLEEDS



  • as of March 11


MARCH 14, 2020 • WWW.BILLBOARD.COM 1 5


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