The Band's Robbie Robertson has joined the sale party and sold his music publishing, recorded interests and name, image and likeness rights to Iconoclast, a
Instagram. Instagram; Samantha Lee/Insider
Instagram is not the best platform for emerging influencers, but its leadership wants to change that.
Instagram execs say they are prioritizing creators with smaller follower counts and want to help them rise to fame on the app.
One key is Reels, Instagram s short-form video feature that competes with TikTok. The Reels Tab is the place where we view the biggest opportunity for creators to find new audience, Jackson Williams, a member of Instagram s strategic partnerships team, told Insider.
Posting a Reel can reach a much wider audience than a standard feed post or Story, Jackson said.
Troubled Coachella Hotel Project Files Bankruptcy Amid Lawsuit The developer, Glenroy Coachella LLC, filed for Chapter 11 protection after the project’s manager has faced allegations of fraud. Bloomberg | Feb 16, 2021
(Bloomberg) The owner of a lavish hotel development near the site of Coachella, the famous California music festival, has filed for bankruptcy after lawsuits and delays stymied its plans.
Glenroy Coachella LLC, which owns the Hotel Indigo development, sought Chapter 11 protection in Los Angeles on Monday, according to a bankruptcy petition. The entity listed assets of $50 million to $100 million and liabilities of $10 million to $50 million.
The bankruptcy filing comes after Stuart Rubin, manager of the project, faced a lawsuit from his business partner, Gary Stiffelman, for $50 million amid allegations of “incompetence and fraud,” according to the Palm Springs Desert Sun. The lawsuit alleged that the development spent two separate budgets of $25 milli