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Should Spotify raise payout barrier for music artists as it lowers monetization threshold for podcasters?

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Is Spotify spreading its royalty pool across too many artists?

One music industry strategist thinks so, arguing in a provocative new essay that the streaming giant should implement a 250,000 monthly listener threshold to concentrate payments among professional musicians who can earn a sustainable living.

The proposal comes as Spotify moves in the opposite direction for podcasters, slashing its Partner Program eligibility requirements by half this week to make it easier for video creators to start earning money.

On Wednesday (January 7), Spotify announced that video podcasters can now qualify for monetization with just 1,000 engaged audience members over 30 days, down from 2,000.

The company also reduced the required watch time from 10,000 hours to 2,000 hours, and slashed the minimum episode count from 12 to just three.

For music artists, however, Spotify maintains a different standard: tracks must reach at least 1,000 streams in the previous 12 months to generate royalties on the platform. The threshold, introduced in April 2024, also includes an undisclosed minimum number of unique listeners to prevent gaming the system.

Writing on Substack, music industry strategist Joel Gouveia argues that artists below his proposed 250,000 monthly listener threshold are already receiving payouts “so small they change nothing.”

By redistributing Spotify’s $10 billion annual royalty pool among far fewer qualifying artists, Gouveia calculates that per-stream rates could increase from around $0.004 per stream to somewhere between $0.0065 and $0.008.

“When everyone gets paid, no one gets paid enough,” Gouveia writes, arguing that the current system is “quietly killing the middle class of music” through extreme dilution.

Under his proposed model, Gouveia suggests an artist generating one million monthly streams could see their monthly income jump from $4,000 to between $6,500 and $8,000 – transforming streaming from supplemental income into a sustainable livelihood.

Gouveia acknowledges the harsh reality: “Any artist under 250,000 monthly listeners is currently getting $20 here, $50 there, $100 if they’re lucky.”

He argues that these micropayments don’t fund growth, change strategy, or enable sustainability, making them functionally meaningless while draining resources from the struggling middle class of artists who have real audiences but can’t earn enough to sustain careers.

In 2023, Deezer and Universal Music Group launched their ‘artist-centric’ royalty model, which applies a double-weighting multiplier to streams from artists with more than 500 monthly listeners and over 1,000 monthly plays. Artists below those thresholds see their per-stream royalty worth half as much as more popular acts.

Believe, parent company of TuneCore, criticized that model at the time, arguing it represents an unfair system “centered around taking compensation from rising artists to allocate it to top and established artists.”

Gouveia’s 250,000 monthly listener proposal (with a threshold 500 times higher than Deezer’s) would likely intensify such concerns.

Gouveia draws parallels to other creator platforms, noting that YouTube requires 1,000 subscribers plus significant watch time before monetization, while TikTok demands 10,000 followers and 100,000 views in 30 days. “Most platforms already run a threshold system,” he writes. “You don’t earn until you’ve proven demand.”

As pointed out by MBW in September 2023, such barriers exist at other tech giants, too.

The Meta platform, for example, won’t monetize in-stream ads on your videos until you have 10,000 page followers plus 600,000 total minutes of video watched in the last 60 days.


Spotify introduced its 1,000-stream music threshold with a specific economic rationale: the company said it was targeting tracks that generate less than five cents per month on average. These were micropayments, it argued, that were “being destroyed by being turned into fractional payments” that often never reached artists due to distributor withdrawal minimums.

The threshold was designed to reallocate that money, which Spotify said represented 0.5% of its royalty pool, or approximately $40 million annually, to tracks exceeding 1,000 streams. The platform also implemented an undisclosed minimum number of unique listeners to prevent artificial streaming fraud.

Meanwhile, Spotify is now lowering barriers for podcast creators as it expands its video podcast offerings, creating a marked difference in approach between its two content types.

The divergence highlights competing visions for streaming economics: Should platforms maintain accessible barriers that encourage any artist to participate? Or should they implement dramatically higher thresholds to concentrate revenue among established acts, even if that means excluding millions of tracks from monetisation?

Gouveia believes the answer is clear: “The industry doesn’t need more participation. It needs more sustainability.”

Music Business Worldwide

The Venezuelan government starts releasing political detainees.

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The Venezuelan government has begun releasing detainees considered political prisoners by human rights groups, in what officials described as a goodwill gesture.

Spain’s foreign ministry said five of its nationals, including one dual national, had been released. Among them is thought to be rights activist Rocío San Miguel.

The move comes after the US seized Venezuela’s President Nicolás Maduro in a lightning raid on the capital, Caracas, on Saturday, to face drug trafficking charges in New York.

The release of political prisoners in Venezuela has been a long-held US demand, especially during moments of heightened repression around elections or protests.

Jorge Rodríguez, the head of Venezuela’s National Assembly and the brother of its interim president Delcy Rodríguez, announced on state television that “a significant number” would be released immediately, without specifying the number or identity of prisoners being freed.

Hundreds of political prisoners are detained in Venezuelan prisons, with only a handful thought to have been released so far.

Jorge Rodríguez said the interim government was releasing them in the interest of “national unity and peaceful coexistence”.

The release of San Miguel, who is an expert in security, defence and Venezuela’s military was the first freed prisoner to be confirmed. She was arrested at Maiquetia airport, near Caracas, in February 2024.

It was alleged at the time that San Miguel, a vocal critic of Maduro, was involved in a plot to kill the then-president and faced charges of treason, conspiracy and terrorism.

Venezuelan human rights organisations – some of which have members or their founders in jail – welcomed the news with caution.

Despite being a key lieutenant of Maduro, Delcy Rodríguez’s interim administration has appeared willing to co-operate with the US since it took its leader and made sweeping declarations about the South American nation’s future.

Watch: BBC reports from outside Venezuela prison “El Helicoide” as detainees released

About 50 to 80 prisoners are believed to be held at the notorious El Helicoide prison, which US President Donald Trump announced would be closed following Maduro’s capture.

The prison gained international notoriety for detaining alleged political opponents, with reports by human rights groups of torture including beatings and electrocution.

The announcement also comes shortly after US President Donald Trump stated that he had “given orders to close that prison,” which had become one of the most notorious symbols of political repression in the country.

Venezuelan human rights group Provea warned El Helicoide’s anticipated closure should not deflect attention from the other detention sites still running across the country.

Opposition leader and Nobel Peace Prize winner Maria Corina Machado, who has several close allies in prison, has repeatedly demanded releases.

In a sit-down interview with the Fox News show Hannity, Trump said Machado was expected to come to the US “next week sometime”.

Machado told host Sean Hannity earlier in the week that she wanted to give the US president her Nobel Peace Prize. When asked by Hannity whether Trump would accept the offer, he said “that would be a great honour”.

Venezuela’s opposition and human rights groups have said for years the government used detentions to stamp out dissent and silence critics.

Since the widely disputed 2024 election, the opposition claimed legal proceedings against activists, journalists and political adversaries increased.

Attorney General Tarek Saab and others in the government repeatedly denied Venezuela held political prisoners, arguing those detained were arrested for genuine crimes.

Additional reporting by Norberto Paredes.

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Trump Declares Independence from International Law Amid US Policy Shifts | Latest Updates on Donald Trump

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United States President Donald Trump has dismissed international law, saying only his “own morality” can curb the aggressive policies he is pursuing across the world after the abduction of Venezuela’s Nicolas Maduro.

“I don’t need international law. I’m not looking to hurt people,” Trump told The New York Times on Thursday.

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Asked whether he needs to abide by international law, Trump said he does, but it “depends what your definition of international law is”.

Trump has shown a willingness to use the brute force of the US military to achieve his foreign policy goals.

On Saturday, the US launched an early-morning attack on Venezuela, with explosions reported across the capital Caracas and at Venezuelan military bases.

US troops ultimately abducted Venezuelan President Maduro from Caracas in what critics say was a clear violation of the United Nations Charter, which prohibits “the threat or use of force against the territorial integrity or political independence of any state”.

The attack on Venezuela appears to have supercharged the belligerence of the US president, who received the inaugural FIFA Peace Prize Award last month.

In the immediate aftermath of the attack, Trump said the US would “run” Venezuela and exploit the country’s vast oil reserves, though his administration has said it would cooperate with interim President Delcy Rodriguez.

Still, the Trump administration said it would “dictate” policy to the interim government and repeatedly threatened a “second wave” of military actions if US demands were disobeyed.

“If she doesn’t do what’s right, she is going to pay a very big price, probably bigger than Maduro,” Trump said of Rodriguez in a Sunday interview with The Atlantic.

Earlier this week, Trump also suggested that the US may carry out a strike against Colombia’s left-wing President Gustavo Petro, and he has escalated his campaign to acquire the Danish territory of Greenland.

In June, Trump joined Israel’s unprovoked war against Iran, ordering the bombing of the country’s three main nuclear sites.

Trump aide Stephen Miller has criticised the post-World War II international order, saying that, from here forward, the US would “unapologetically” use its military force to secure its interests in the Western Hemisphere.

“We’re a superpower, and under President Trump, we are going to conduct ourselves as a superpower,” Miller told CNN on Monday.

But experts warn that disregard for international law could have catastrophic consequences for the entire global community, including the US.

International law is the set of rules and norms that govern ties between states. It includes UN conventions and multilateral treaties.

Margaret Satterthwaite, the UN special rapporteur on the independence of judges and lawyers, told Al Jazeera earlier this week that US statements dismissing international law are “extremely dangerous”.

Satterthwaite said she is concerned the world may be returning to an “age of imperialism”, stressing that degrading international laws may embolden Washington’s adversaries to launch their own acts of aggression.

“International law cannot stop states from doing terrible things if they’re committed to doing them,” Satterthwaite told Al Jazeera.

“And I think that the world is aware of all of the atrocities that have happened in Gaza recently, and despite efforts by many states and certainly by the UN to stop those atrocities, they continued. But I think we’re worse off if we don’t insist on the international law that does exist. We’ll simply be going down a much worse kind of slippery slope.”

Yusra Suedi, an assistant professor of international law at the University of Manchester, warned against the belief that “might is right” and the trend towards disregarding international law.

“It signals something very dangerous, in that it gives permission to other states to essentially follow suit – states such as China, who might be eyeing Taiwan, or Russia with respect to Ukraine,” Suedi told Al Jazeera.

Ian Hurd, a professor of political science at Northwestern University, said history illustrates the perils of US policies in Latin America.

The region has witnessed more than a century of US invasions and US-supported military coups, leading to instability, repression and human rights abuses.

“There are innumerable examples historically of this, from Panama to Haiti to Nicaragua to Chile in the ’70s and on and on,” Hurd told Al Jazeera.

He added that Trump’s policies in Venezuela are “in line” with how the US has previously attempted to decide how other parts of the Americas are governed.

“You can see that in every one of those cases, the US came to regret its choice to intervene. These never work well.”

CEO of Rivian, R.J. Scaringe, sells $341k worth of shares

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Rivian CEO Scaringe sells $341k in shares

Videos show massive anti-government protests in Tehran and other Iranian cities

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Watch: Protests break out in Iran’s capital city Tehran

Huge crowds of protesters have been marching through Iran’s capital and other cities, videos show, in what is said to be the largest show of force by opponents of the clerical establishment in years.

The peaceful demonstrations in Tehran and the second city of Mashhad on Thursday evening, which were not dispersed by security forces, can be seen in footage verified by BBC Persian.

Later, a monitoring group reported a nationwide internet blackout.

Protesters can be heard in the footage calling for the overthrow of Iran’s Supreme Leader Ayatollah Ali Khamenei and the return of Reza Pahlavi, the exiled son of the late former shah, who had urged his supporters to take to the streets.

It was the 12th consecutive day of unrest that has been sparked by anger over the collapse of the Iranian currency and has spread to more than 100 cities and towns across all 31 of Iran’s provinces, according to human rights groups.

The US-based Human Rights Activist News Agency (HRANA) has said at least 34 protesters – five of them children – and eight security personnel have been killed, and that 2,270 other protesters have been arrested.

Norway-based monitor Iran Human Rights (IHR) has said at least 45 protesters, including eight children, have been killed by security forces.

BBC Persian has confirmed the deaths and identities of 22 people, while Iranian authorities have reported the deaths of six security personnel.

On Thursday evening, videos posted on social media and verified by BBC Persian showed a large crowd of protesters moving along a major road in Mashhad, in the country’s north-east.

Chants of “Long live the shah” and “This is the final battle! Pahlavi will return” can be heard. And at one point, several men are seen climbing on an overpass and removing what appears to be surveillance cameras attached to it.

Another video posted online showed a large crowd of protesters walking along a major road in eastern Tehran.

In footage sent to BBC Persian from the north of the capital, another large crowd is heard chanting “This is the final battle! Pahlavi will return”. Elsewhere in the north, protesters were filmed shouting “Dishonourable” and “Don’t be afraid, we are all together” following a clash with security forces.

Other videos showed protesters chanting “Death to the dictator” – a reference to Khamenei – in the central city of Isfahan; “Long live the shah” in the northern city of Babol, and “Don’t be afraid, we are all together” in the north-western city of Tabriz.

In the western city of Dezful, footage sent to BBC Persian showed a large crowd of protesters and also security personnel appearing to open fire from a central square.

The evening protests came not long after Reza Pahlavi, whose father was overthrown by the 1979 Islamic revolution and lives in Washington DC, had called on Iranians to “take to the streets and, as a united front, shout your demands”.

In a post on X, Pahlavi said “millions of Iranians demanded their freedom tonight”, describing the protesters as his “courageous compatriots”.

He thanked US President Donald Trump for holding the “regime to account”, and called on European leaders to do the same.

Pahlavi has also called for protests to continue from 20:00 local time (16:30 GMT) on Friday night.

Iranian state media downplayed the scale of Thursday’s unrest. In some cases, they denied protests had taken place altogether, posting videos of empty streets.

Meanwhile, internet watchdog NetBlocks said its metrics showed that Iran was “in the midst of a nationwide internet blackout”.

“The incident follows a series of escalating digital censorship measures targeting protests across the country and hinders the public’s right to communicate at a critical moment,” it warned, referring to previous losses of connectivity in several cities.

Earlier in the day, footage from Lomar, a small town in the western province of Ilam, showed a crowd chanting “Cannons, tanks, fireworks, mullahs must go” – a reference to the clerical establishment. Another showed people throwing papers into the air outside a bank that appeared to have been broken into.

Other videos showed many shuttered shops in a number of predominantly Kurdish cities and towns in Ilam, as well as Kermanshah and Lorestan provinces.

It followed a call for a general strike by exiled Kurdish opposition groups in response to the deadly crackdown on protests in the region.

At least 17 protesters have been killed by security forces in Ilam, Kermanshah and Lorestan during the unrest, and many of them have been members of the Kurdish or Lor ethnic minorities, according to Kurdish human rights group Hengaw.

On Wednesday, there were violent clashes between protesters and security forces in several cities and towns in western Iran, as well as other regions.

IHR said it had been the deadliest day of the unrest, with 13 protesters confirmed to have been killed across the country.

“The evidence shows that the scope of crackdown is becoming more violent and more extensive every day,” said the group’s director, Mahmood Amiry-Moghaddam.

Hengaw said two protesters were shot dead by security forces in Khoshk-e Bijar, in the northern province of Gilan, on Wednesday night.

Iran’s semi-official news agency Fars, which is close to the Revolutionary Guards, reported that three police officers were also killed on Wednesday.

It said two were shot dead by armed individuals among a group of “rioters” in the south-western town of Lordegan, and the third was stabbed to death “during efforts to control unrest” in Malard country, west of Tehran.

X Protesters walk down a major road in Mashhad, north-eastern Iran, on 8 January 2026X

In videos from Mashhad, protesters can be heard chanting “Long live the shah”

On Thursday, US President Donald Trump reiterated his threat to intervene militarily if Iranian authorities killed protesters.

“I have let them know that if they start killing people, which they tend to do during their riots – they have lots of riots – if they do it, we are going to hit them very hard,” he said in an interview with the Hugh Hewitt Show.

Separately, the US treasury secretary, Scott Bessent, said the Iranian economy was “on the ropes”.

While speaking at the Economic Club of Minnesota on Thursday, he added: “[President Trump] does not want them to harm more of the protesters. This is a tense moment.”

Iranian President Masoud Pezeshkian earlier called on security forces to exercise “utmost restraint” when handling peaceful protests. “Any violent or coercive behaviour should be avoided,” a statement said.

Khamenei – who has ultimate power in Iran – said on Saturday that authorities should “speak with the protesters” but that “rioters should be put in their place”.

The protests began on 28 December, when shopkeepers took to the streets of Tehran to express their anger at another sharp fall in the value of the Iranian currency, the rial, against the US dollar on the open market.

The rial has sunk to a record low over the past year and inflation has soared to 40% as sanctions over Iran’s nuclear programme squeeze an economy also weakened by government mismanagement and corruption.

University students soon joined the protests and they began spreading to other cities, with crowds frequently heard chanting slogans critical of the clerical establishment.

In messages sent to the BBC, via a UK-based activist, a woman in Tehran said despair was driving the protests.

“We’re living in limbo,” she said. “I feel like I’m hanging in the air with neither wings to migrate nor hope to pursue my goals here. Life here has become unbearable.”

Another said she was protesting because her dreams had been “stolen” by the clerical establishment and she wanted it to know that “we still have a voice to shout, a fist to punch them in the face.”

A woman in the western city of Ilam said she knew of young people from families affiliated with the establishment who were taking part in protests. “My friend and her three sisters, whose father is a well-known figure in the intelligence services, are joining without their father knowing,” she said.

The protests have been the most widespread since an uprising in 2022 sparked by the death in custody of Mahsa Amini, a young Kurdish woman who was detained by morality police for allegedly not wearing her hijab properly. More than 550 people were killed and 20,000 detained by security forces over several months, according to human rights groups.

The biggest protests since the Islamic revolution took place in 2009, when millions of Iranians took to the streets of major cities after a disputed presidential election. Dozens of opposition supporters killed and thousands were detained in the ensuing crackdown.

Tennessee theater professor receives $500,000 settlement and reinstatement after termination for social media post related to Charlie Kirk

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Austin Peay State University has reinstated a professor who was fired for his social media post after the killing of conservative activist Charlie Kirk. The Tennessee school is also paying the teacher $500,000 in the settlement.

Austin Peay spokesperson Brian Dunn said Darren Michael returned to his position as a tenured faculty member at the public university in Clarksville effective Dec. 30. A copy of the settlement agreement obtained through a public records request includes a $500,000 payment and reimbursement of counseling, as reported earlier this week by WKRN-TV.

Tennessee’s governor, attorney general and comptroller signed a document authorizing the settlement payment.

Michael, a theater and dance professor, was among people who reported facing a conservative backlash and punishment at work for their online posts about Kirk’s fatal shooting in September. He was later moved to a suspension status.

In a Dec. 30 email to the university community, Austin Peay President Mike Licari said the school did not follow the required tenure termination process. The communication was another requirement under the settlement.

Licari added, “I deeply regret and apologize for the impact this has had on Professor Michael and on our campus community. I am committed to ensuring that due process and fairness are upheld in all future actions.”

Two days after Kirk’s killing, Republican U.S. Sen. Marsha Blackburn of Tennessee circulated a screenshot indicating Michael on Sept. 10 had posted the headline of a 2023 news article reading, “Charlie Kirk Says Gun Deaths ‘Unfortunately’ Worth it to Keep 2nd Amendment.” Blackburn, who is also a candidate for governor, included a photograph and biography of Michael. She wrote, “What do you say, Austin Peay State University?” and tagged the university’s account.

Blackburn’s office did not immediately respond to a request for comment about the settlement.

David L. King, Michael’s attorney, said the professor said “nothing that was threatening or otherwise offensive.” King decried the pressure applied by “outside forces” and said the ordeal “caused a great deal of harm” to Michael and his daughter.

This story was originally featured on Fortune.com

Is the US Able to Maintain Control of Venezuelan Oil Long-Term? | Oil and Gas News

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The United States government has said it aims to control Venezuelan oil sales indefinitely.

“We need to have that leverage and that control of those oil sales to drive the changes that simply must happen in Venezuela,” Energy Secretary Chris Wright said on Wednesday.

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His comments come days after US forces abducted Venezuelan leader Nicolas Maduro on Saturday. Since then, the administration of US President Donald Trump has announced a deal under which Venezuela would turn over 30 million to 50 million barrels of sanctioned oil to the US to sell.

That comes against a backdrop of demands that Venezuelan government officials open up access to US oil companies or risk further military action.

On Friday, executives from several major oil companies, including ExxonMobil, ConocoPhillips, and Chevron, are slated to meet with the president to discuss potential investments in Venezuela.

Can the US control Venezuelan oil sales indefinitely?

“The US federal government can absolutely intervene, make demands, capture what it wants, and redirect those barrels accordingly. I don’t know of anything that would meaningfully interfere with the federal government if that’s what it decided to do,” Jeff Krimmel, founder of Krimmel Strategy Group, a Houston, Texas-based energy consulting firm, told Al Jazeera.

There are, however, geopolitical hurdles. The US has less leverage than it did more than two decades ago when the US military and its allies entered Iraq, another oil-rich country. Today, other superpowers could stand in the way in ways they did not in 2003.

“When we went into Iraq, we were living in a unipolar moment as the world’s only great power. That era is over. China is now a great power, and most experts consider it a peer competitor. That means it has ways to hurt the US economy and to push back militarily, including through proxy conflicts, if it chooses to oppose such actions,” Anthony Orlando, professor of finance and law at California State Polytechnic University, Pomona, told Al Jazeera.

China is the largest purchaser of Venezuelan crude, although it only imports about 4 percent of its oil from the South American nation.

“It’s a question of whether they want to draw a line in the sand with the United States and say, ‘You can’t do this, because if we allow it, you’ll keep pushing further,’” Orlando said.

“If you’re a minor power like Venezuela, not China or Russia, you’re a country vulnerable to US intervention. That creates an incentive to align more closely with China or Russia to prevent it from happening, and that’s not a good outcome for the United States,” Orlando continued.

In the days since Maduro’s abduction, members of the Trump administration have also renewed calls to take over Greenland.

How does this compare with Iraq?

The US intervention in Venezuela has been compared to its involvement in Iraq, which began under the administration of former President George W Bush in 2003. At the time, Iraq had the second-largest oil reserves in the world, with 112 billion barrels.

However, production was limited. Prior to the invasion, Iraq produced 1.5 million barrels per day (bpd), rising to 4.5 million bpd by 2018.

While the Iraqi government retained ownership of oil, US companies were often given no-bid contracts to operate there, including ExxonMobil and BP, and the majority of sales went to Asian and European markets.

In 2021, Iraq’s then-President Barham Salih claimed that an estimated $150bn in money stolen through corrupt deals had been “smuggled out of Iraq” since the 2003 US-led invasion.

Unlike during the Bush administration and its aims for Iraq’s oil, the Trump administration has been explicit about the role of oil in its attack on Venezuela.

“The difference between Iraq and this is that [Bush] didn’t keep the oil. We’re going to keep the oil,” Trump said in a conversation with MS Now anchor Joe Scarborough.

Comparatively, in 2002, prior to the US invasion, then-Secretary of Defense Donald Rumsfeld asserted that the operation to take control of post-war reconstruction had “literally nothing to do with oil”.

“When the Bush administration went into Iraq, they claimed it wasn’t about that, even though there was substantial evidence it was a factor. This time it’s more explicit, so it’s clear it will impact oil markets. [But] one lesson from the Iraq war is that it’s easier said than done,” Orlando, the professor, told Al Jazeera.

Will this benefit oil companies?

Analysts argue that investments in Venezuela might not actually benefit oil companies due to rising economic uncertainty, the need for major infrastructure improvements, and the fact that large companies like ExxonMobil and Chevron already have capital programmes planned for the remainder of the decade.

“Either [the companies] will have to take on more debt or issue more equity to raise the capital needed, or they’ll have to divert capital expenditures from other regions into Venezuela. In either scenario, I expect substantial shareholder pushback,” Krimmel, the energy consultant, said.

Increased production will also require infrastructure improvements. Venezuelan oil is dense, which makes it more difficult and expensive to extract compared to oil from Iraq or the US.

Venezuelan oil is often blended with lighter grades from the US. It is comparable in density to Canadian oil, which, despite tensions between Ottawa and Washington, comes from a US ally with more modern extraction infrastructure.

“I don’t think Canada’s going to be too happy about all this,” Orlando said.

However, Chevron, the only US company currently operating in Venezuela, is seeking authorisation from Washington to expand its licence to operate in the country after the US placed restrictions on it last year, the Reuters news agency reported on Thursday, citing unnamed sources.

The US role in energy, particularly oil and gas, has surged in recent years amid the rise of fracking technology. The US is now the largest producer of oil in the world. But recent cuts to alternative energy programmes and increasing energy demands from the artificial intelligence industry have led Republicans to double down on expanding the oil and gas sector.

“There is an oil supply surplus. Even if we were in a supply deficit right now, military action in Venezuela wouldn’t unlock incremental barrels quickly. So even if you were trying to solve a short-term supply deficit, which, to be clear, we do not have, Venezuela wouldn’t be an answer because it would take too long and be too expensive to ramp production up,” Krimmel added.

While Venezuela holds the world’s largest oil reserves, the OPEC member represents only 1 percent of global oil output.

Currently, Chevron is the only US company operating in Venezuela. ExxonMobil and ConocoPhillips operated in Venezuela before Hugo Chavez nationalised the oil sector in 2007, leading to a downturn in production over years of disinvestment and poorly run facilities. In the 1990s, Venezuela produced as much as 3.5 million bpd. That has since fallen due to limited investment, with production averaging 1.1 million bpd last year.

“Venezuela’s infrastructure has deteriorated under both the Chavez and Maduro regimes. While they are extracting oil, returning to production levels from 10 or 20 years ago would require significant investment,” Orlando said.

Troy Carter purchases influential Pop Art Records catalog

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Music exec and talent manager Troy Carter has acquired the catalog of early hip-hop pioneer label Pop Art Records.

Founded in Philadelphia in the early 1980s by Lawrence Goodman, Pop Art is credited with putting that city on the hip-hop map. Its catalog includes debut releases from iconic hip-hop artists like Salt-n-Pepa, Roxanne Shanté, and MC Shan.

“I’m proud to be a steward of some of the most important pieces of music in hip-hop history,” Carter said in a statement on Thursday (January 8).

“These are songs and artists who shaped my childhood and inspired me to pursue a career in music. I’m looking forward to seeing a new generation discover these gems.”

Carter didn’t disclose the deal’s value.

Pop Art’s catalog includes The Showstoppa, the first-ever release from Salt-n-Pepa, originally released under the name Super Nature. It also includes Roxanne Shanté’s 1984 debut Roxanne’s Revenge, the track that ignited the notorious “Roxanne Wars” hip-hop rivalries that gave rise to some of the genre’s earliest diss tracks. The press release noted that the track is “widely considered the first diss track in hip-hop history”.

Also in the catalog is MC Shan’s classic 1986 The Bridge, which sparked the “Bridge Wars” with KRS-One and Boogie Down Productions.

“These are songs and artists who shaped my childhood and inspired me to pursue a career in music.”

Troy Carter, Q&A Media, Venice Music

Carter’s career in the music industry began in 1990 when he dropped out of high school to join a hip-hop group that was briefly signed to Will Smith and James Lassiter’s WilJam Records. After interning at Bad Boy Records, Carter landed a gig managing rap legend Eve, and went on to manage such artists as Nelly, Lady Gaga, John Legend, Priyanka Chopra, and Meghan Trainor, among others.

Carter founded Coalition Media Group in 2007 and its talent arm Atom Factory in 2010. He co-founded Q&A Media with Suzy Ryoo in 2019, and currently serves as the company’s CEO. His other startups include music and tech platform Venice Music (also with Suzy Ryoo) and social media startup The Backplane.

He has also served as Global Head of Creator Services at Spotify, and has been appointed to the Board of Directors of SoundCloud.

In a 2020 interview with MBW, Carter noted the rise of independent artists and artists’ increasing leverage in record label contracts.

“The music industry has to change the business model; it’s as simple as that. New artists are becoming smarter and smarter, and we can’t be greedy,” he said.Music Business Worldwide

Blockbuster Deal: Trae Young Traded to Wizards, Reports Basketball Insiders

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Washington Makes Franchise-Altering Move

The Washington Wizards made a major splash on January 7, 2026, by trading for Trae Young. Reports confirmed the Wizards acquired the All-Star guard from the Atlanta Hawks in a blockbuster deal. In return, Atlanta received CJ McCollum and Corey Kispert.

The move ended Young’s long run as the face of the Hawks. He had spent his entire NBA career in Atlanta after arriving in a 2018 draft-day trade. Washington had searched for a true lead guard for years. This trade finally fills that void.

Young leaves Atlanta as the franchise’s all-time leader in assists and three-pointers made. His departure marks a clear turning point for the Hawks.

What Trae Young Brings to Washington

Young brings elite scoring and playmaking to a Wizards team that lacked offensive structure. He is a four-time All-Star and one of the league’s most dangerous shooters off the dribble. His deep range forces defenses to stretch well beyond the arc.

He also owns meaningful playoff experience. Young led the Hawks to the Eastern Conference finals in 2021, a run that defined his peak years in Atlanta.

Although injuries slowed him recently, Young still produced strong numbers when healthy. His presence instantly raises Washington’s offensive ceiling. Just as important, he gives young teammates a reliable organizer in crunch time.

Trae Young Traded to Wizards in Blockbuster Deal

Hawks Reset Their Direction

Atlanta chose flexibility and balance over a single star. CJ McCollum arrives as a proven scorer and veteran leader. His contract also provides future cap relief. Corey Kispert adds shooting and fits well with a developing roster.

The Hawks now appear ready to reshape their identity. Young players like Jalen Johnson and Dyson Daniels are expected to take on larger roles. The front office gains options ahead of future trade windows.

This move signals a clean reset rather than a short-term adjustment.

What Comes Next for Both Teams

For Washington, expectations immediately rise. The franchise now builds around a true offensive engine. Young’s skill set fits a roster seeking direction and credibility.

For Atlanta, patience becomes the priority. The Hawks will explore lineups and assets without their longtime centerpiece.

This trade reshapes two franchises in one move. Its full impact will take time to measure. Still, Trae Young’s arrival in Washington already stands as one of the season’s defining moments.