Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Spotify announce profit and millions more subscribers, but also royalty cuts to less popular tracks
nme.comSpotify have announced that less popular tracks won’t earn any royalties whatsoever, despite the company reporting better-than-expected third-quarter profits and subscriber gains.The Swedish streaming service gained an extra 6million paying subscribers from June to September, bringing its total to 226million.
This exceeds its forecast that their paid subscriber levels would pass the 224million mark.Despite these gains, however, Billboard reports that Spotify is restructuring its royalty system and plans to de-monetize tracks that had previously received 0.5% of Spotify’s royalty pool.” The plans will reportedly be implemented early next year.The changes in the royalty system are set to benefit more established artists and labels, while the biggest difference from the old system is that a track will need to reach a minimum number of annual streams before it starts generating royalties.Spotify is reportedly also planning to crack down on “fraud” and will issue financial penalties against distributors and labels it deems guilty of this.
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