Joss Favela and Ana Bárbara honored Joan Sebastian with a special tribute at the 2021 Latin AMAs on April 15.

Maribel Guardia, the late singer’s former wife and mother of his son Julián Figueroa, introduced the emotional tribute with a heartfelt message: “I’m here to celebrate el poeta del pueblo (the pueblo’s poet),” she said. “We did telenovelas together, we sang together and we were friends. With him, I have a son who is a lot like him.”

Then, Favela took the stage to sing some of Sebastian’s classics such as “Eso Y Más” and “Me Gustas.” Bárbara wrapped up the tribute with a passionate rendition of “Secreto de Amor.”

This year, Karol and J Balvin lead the list of nominees with nine nods each. Both are up for artist of the year, sharing the category with Anuel AA, Bad Bunny, Christian Nodal, Eslabon Armado, Maluma, Ozuna and Sech.

Hosted by Mexican actress Jacqueline Bracamontes, the 2021 Latin AMAs – live from the BB&T Center in Sunrise, Florida – featured other performances Ozuna, Maluma, Ricky Martin, Carlos Vives, Eslabon Armado, among others.

The Staples Center in Los Angeles becomes the first California arena to reopen Thursday (April 15), ending a COVID-19 closure that dragged on far longer than Lee Zeidman expected when he closed the doors to the public 400 days ago.

The LA Live and Staples Center president tells Billboard that the reopening is the result of months of planning and millions of dollars spent reimagining live events as touchless, mobile-driven experiences with fans distanced, masked and spread across the seating bowl in pods.

The home game is a milestone for California arenas, which are now allowed to operate at 25% capacity. For Staples Center, that’s 5,500 fans, although only about 2,000 will attend Thursday’s home game between the L.A. Lakers and Boston Celtics.

Staples Center is California’s first professional indoor sports arena to reopen to the public — Orange County’s Honda Center opens Friday with an Anaheim Ducks game, followed next week with San Francisco’s Chase Center and Sacramento’s Golden 1 Center.

The Staples Center reopening is being done under guidelines from the state and the Los Angeles County health department, Zeidman says. Attendees will be required to wear a mask while inside the Staples Center and must show proof of vaccination (which can be a picture of their vaccine card) or a negative COVID-19 test within 72 hours of tip off. Fans will also be asked to maintain social distancing and seats will be organized in socially distanced pods.

Fans will be not be permitted to eat on the concourse, in the seating bowl or in suites, so Staples Center officials have constructed an outdoor food court on LA Live’s X Box Plaza that will be accessible to fans during the event. To minimize COVID-19 exposure to its event staff, the venue is telling fans not to bring bags or purses into the arena in order to minimize the need to search patrons and their belongings as they enter the building.

Zeidman said AEG was eager to reopen the arena and have its employees return to work.

“First and foremost, our concern was for our part-time employees. We have over 2,000 part time employees and nobody really understood that we would be closed for 13 months,” Zeidman explains. “We have full-time employees that moved to 50% work as well as furloughed employees, and we spent a lot of time keeping everybody up to speed on what is going on and letting them know where we were in terms of reopening.”

Zeidman said his team undertook a top to bottom audit of the building “and we decided that we were going to make everything as touchless and cashless as possible. We retrofitted all of our restrooms with touchless paper towel dispensers, hand sinks, soap dispensers and flush valves. We put UV cleaners on all of our escalator rails. We put NanoSeptic sleeves over our elevator buttons and our doors and took everything that you had to touch out.”

Some of the efforts fit with existing longterm initiatives, like a move toward 100% digital ticketing which ultimately give teams and promoters more control over event tickets and provide arena officials with a more reliable snapshot of who’s in the building. Other changes — like a cooling and heating overhaul so building officials could install MERV 13 virus eliminating air filters — came less than a year after the building overhauled its humidity and moisture systems to make ice for hockey more efficiently (Zeidman said the two systems complement each other).

What the changes mean for the return of concerts remains to be seen, explained Zeidman, noting that state and local guidelines could significantly change between now and Aug. 6, when Grupo Firme play a three-night-run at Staples Center.

“We’re prepared to fully pivot when appropriate and when need be, if the state or the county or the NBA or the NHL relax guidelines and restrictions,” Zeidman explains. “I’ve told our team we need to think of this in increments. We have to adhere to the rules of the state of California and the county of Los Angeles, but be ready when we move from the orange tier to the yellow tier and are allowed to increase capacities.”

Zeidman says he’s doubtful mask and distancing mandates will be gone by the time the state plans to reopen entirely on June 15, but says the fastest path to reopening will be through an increase in vaccine distribution. While the travel industry has discussed plans to roll out digital passports to verify a patient’s vaccine status, Zeidman said he’d prefer so see a push toward herd immunity, which would mitigate the need for long term vaccine verification.

The longtime GM estimates he’s worked 6,500 events in his 30-year career and said he’s still wrapping his mind around Thursday’s opening.

“It’s going to be interesting to see how people react,” he says. “People normally would come hug me, shake my hand, or talk in my ear because it was loud. That stuff’s not going to happen right out of the shoot. I’m not even going to be able to see smiling faces because everybody’s got a face covering. But just to see our team members working again, knowing that things are starting to get better, is very exciting.”

All eyes were on Colombian star Karol G, who took the stage to perform “El Makinon” with Mariah Angeliq during the 2021 Latin AMAs on Thursday (April 15).

The two started the performance at opposite ends of the stage but gradually came closer to sing the infectious, head-bopping reggaeton bop. Toward the end of the performance, a troupe of dancers, wearing face masks, joined them onstage for the ultimate girl-power performance.

A focus track from her latest album KG0516, “El Makinon” is about breaking all the rules with the girls. “Makinon,” slang for a big machine, tells the story of a girl who’s been independent since she was 16 years old — and now that she’s older, she can still depend on herself.

This year, Karol and J Balvin lead the list of nominees with nine nods each. She’s up for artist of the year, sharing the category with Balvin, Anuel AA, Bad Bunny, Christian Nodal, Eslabon Armado, Maluma, Ozuna and Sech.

Hosted by Mexican actress Jacqueline Bracamontes, the 2021 Latin AMAs – live from the BB&T Center in Sunrise, Florida – also featured performances from Ozuna, Maluma, Camilo, Los Dos Carnales, Eslabon Armado and here.

Video will be added to this post when it’s available.

José Luis Rodríguez “El Puma” was honored with the Legend Award during the sixth edition of the Latin American Music Awards on Thursday (April 15).

The Venezuelan star kicked off his performance singing “Dueño de Nada” with a small orchestra on set with him. Then, Carlos Rivera joined him before it was David Bisbal’s turn to sing “Voy a Perder La Cabeza Por Tu Amor” with the legend himself. For a grand finale, Sofia Reyes and Carlos Vives joined them all onstage to perform an uptempo version of “Agárrense de Las Manos.”

“El Puma” then went on to accept the award, thanking his family, Sony Music, the press and his fans. “You are the ones that got me so far,” he said.

The Legend Award is presented to artists who have endured the test of time, and “El Puma” has serenaded fans for six decades with anthemic ballads such as “Culpabloe Soy Yo,” “Dueño De Ti” and “Agárrense De Las Manos.” The chart-topping artist has also recorded more than 60 albums and has participated in over 34 soap operas, movies and international series.

Hosted by Mexican actress Jacqueline Bracamontes, the 2021 Latin AMAs – live from the BB&T Center in Sunrise, Florida – also featured performances from Ozuna, Maluma, Camilo, Los Dos Carnales, Eslabon Armado, among others.

Video will be added to this post when it’s available.

Colombian star Juanes performed a reimagined version of “El Amor Después Del Amor” at the 2021 Latin AMAs on Thursday (April 15).

Getting everyone on their feet and clapping along to the beat of the track, Juanes’ set transported fans to the ’70s with a groovy set reminiscent of the bell-bottom era.

A preview of Juanes’ forthcoming 10th studio album Origen – a collection of reimagined songs that have inspired his career – “El Amor Después Del Amor” is a captivating cover of Fito Paez’s 1992 love anthem.

About his cover, Juanes said: “‘El Amor Después del Amor’ is one of my favorite rock songs of all time. Since the day it came out, what it spoke to, and still does, resonates with me and a whole generation. I have the utmost admiration for Fito- I admire his greatness as a composer and his lasting influence on Latin rock.”

This year, Karol G and J Balvin lead the list of nominees with nine nods each. Both are up for artist of the year, sharing the category with Anuel AA, Bad Bunny, Christian Nodal, Eslabon Armado, Maluma, Ozuna and Sech.

Hosted by Mexican actress Jacqueline Bracamontes, the 2021 Latin AMAs – live from the BB&T Center in Sunrise, Florida – also featured performances from Ozuna, Maluma, Ricky Martin, Carlos Vives, Eslabon Armado and more.

Video will be added to this post when it’s available.

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John Malone’s Liberty Media — which owns audio entertainment giant SiriusXM, the Atlanta Braves baseball team and the Formula One racing circuit — disclosed that president and CEO Gregory Maffei’s 2020 compensation amounted to $47.1 million, up from $44 million in 2019 and $20.1 million in 2018.

He had made $19.8 million in 2017 and $16.9 million in 2016. The pay details were disclosed in a regulatory filing with the Securities and Exchange Commission.

Maffei’s salary last year was $871,880, against a salary of $1.16 million in 2019. In April 2020, the Liberty Media CEO received restricted stock units as part of a measure to waive and restructure his unpaid calendar year base salary due to “potential liquidity concerns” at the company amid the onset of the coronavirus pandemic.

The bulk of his overall compensation last year continued to come from option awards, stock awards and a non-equity incentive plan.

Maffei’s 2019 compensation had jumped thanks to a new employment contract that boosted his option awards from $8.8 million to $27.8 million. His option awards dipped to $24.98 million in 2020.

Liberty Media in its regulatory filing also disclosed the annual pay for chairman Malone, which amounted to $1.09 million. He had made $1.4 million in 2019, $1.1 million in 2018, $797,082 in 2017 and $747,156 in 2016.

Liberty recently reported 2020 revenue of $9.4 billion, down from $10.3 billion, and a loss of $1.4 billion, compared with 2019 earnings of $106 million.

Maffei recently suggested that streaming giant Amazon would drive an accelerated push by Big Tech platforms for more sports rights worldwide. “I suspect they’re only going to get more serious over time and they won’t be the only ones,” he argued.

This story was originally published by The Hollywood Reporter.

Reservoir Holdings, which owns Reservoir Media, is going public on the Nasdaq stock exchange through a reverse merger with a special purpose acquisition company (SPAC) in an apparent move to gain liquidity and a lower cost of capital. This marks the first standalone publishing company to go public on a U.S. stock market.

Reservoir will form a business combination with Ross CH Acquisition II (currently trading on Nasdaq under the symbol ROCC) and when the deal is completed sometime in the third quarter, the combined company will be named Reservoir Media but with a new ticker, RSVR, according to an announcement issued by the music publishing firm Wednesday (April 14) after the close of trading.

Golnar Khosrowshahi, founder & CEO of Reservoir, will lead the new combined company, with her current executive leadership team of president and COO Rell Lefargue and CFO Jim Heindlmeyer.

Ross CH Acquisition II is bringing $115 million to Reservoir’s public offering as part of the deal. Some institutional investors including Caledonia have been lined up as anchor shareholders, which will bring in $150 million in gross proceeds.

In the end, after investment banking, legal fees and other expenses, Reservoir will be left with $246 million in gross proceeds from the transaction. The company’s current shareholders, including the Khosrowshahi family, will roll over all their Reservoir equity into the new company, giving it an enterprise value of $788 million.

That means that the Reservoir shareholders will likely have a lock-up period — maybe 180 days — before they can cash in any of their shares. In the meantime, the company has an implied pro-forma equity value of $740 million at $10 a share, according to the announcement, which further implies it also has $48 million in net debt.

This deal will provide Reservoir with a lower cost of capital in the fast-paced, high-stakes music asset trading world, allowing it to follow the Hipgnosis business strategy of finding music assets for acquisition and then tapping the public markets to fund the deals. It also provides a way for current Reservoir shareholders to eventually realize some of the value they have created by shares they will own in the new vehicle.

“Today we have taken an important step forward in Reservoir’s evolution to fully realize that vision through our partnership with Roth CH II,” Khosrowshahi said in a statement. “Our dedication to our songwriters and artists and their music is at the heart of everything that we do, and this path to growth supports our promise to service our clients, enhance value, and build a quality catalog. I am immensely proud of what we have built alongside President & COO Rell Lafargue, and our incredible team whose excellent skills, high-touch client service, and outstanding track record is unmatched.”

Reservoir’s catalog includes music by 2 Chains, A Boogie Wit Da Hoodie, A-Ha, Ben Harper, Big & Rich, Bob Crewe, David Guetta, Evanescence, Hoagy Carmichael, Ja Rule, John Denver, Kurt Elling, Leon Ware, Lil Jon, Migos, Molly Hatchett, Rickie Lee Jones, Scott Storch, Scott Stapp, Seether, Sheryl Crow, Stewart Copeland and Willie Mitchell.

The company says it has deployed over $400 million in catalog acquisitions — including recently acquiring the catalog of indie music publishers Shapiro Bernstein — since its inception, and spent another $100 million in frontline creative signings. The company says it also owns 26,000 sound recordings, and its management business handles over 60 clients.

“We are thrilled to be partnering with Reservoir and its exceptional leadership team,” according to a statement issued by Roth Capital and Craig-Hallum, the sponsors of the Roth CH II. “Reservoir has built an outstanding collection of hit songs and soundtracks in both its music publishing and masters businesses, and has a unique and differentiated value enhancement model that drives highly attractive returns. We are excited about Reservoir’s strong cash flow generating capabilities in a growing industry with significant tailwinds. The portfolio is fully diversified in all genres of music with some of the most iconic hits of the past hundred years. We look forward to Reservoir pursuing future organic growth and acquisitions in this exciting sector under consolidation.”

The board of directors of Reservoir and ROCC have unanimously approved the transaction. The transaction will require the approval of the stockholders of ROCC and is subject to other customary closing conditions.

Roth Capital Partners, LLC and Craig-Hallum Capital Group LLC are acting as placement agents for the PIPE transaction with the anchor share holders while Goldman Sachs is acting as financial advisor to Reservoir. Legal respresentation for the music publishing firm was handled by Paul, Weiss, Rifkind, Wharton & Garrison LLP while Loeb & Loeb LLP is serving as legal advisor to Roth CH II.