It is a tough business selling records these days, what with all that downloading and the fact people enjoy purchasing only the songs they want to hear on iTunes.
Even playing live now doesn’t seem to balance the books, as performances seem to be mostly playing to the downloaders who caused the problem in the first place. And even their numbers are dwindling as they increasingly hold on to their wallets.
It seems the only way to make a tidy profit from both sides is to be one of those rare artists who cross that divide, such as Adele, who can seemingly get the attention of the youngsters and the older folk who buy a CD once a decade "because everyone’s got it".
Like the British soul singer, New York glam-pop group Scissor Sisters experienced similar fame in 2004, selling more than three million copies of their debut album. They instantly became arena acts in Europe on the back of their sweet dose of Elton John inspired pop and edgy electro-clash.
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But maintaining that momentum is what is deeply impressive about the group.
While the records sales slowly dipped, it is live on stage that it becomes obvious how they became successful in the first place.
Their Thursday night performance at Yas Island's smaller venue Flash Forum - a cross between a futuristic tent and five-star garage - drew an eclectic crowd, with families mixing it up suits, clubbers and fashionistas.
A few wigs were spotted as well, including one eerily resembling a sleeping fox.
One would think it would be daunting task for a band to create some sort of communal harmony from a group who wouldn’t want to share an elevator, let alone a concert, but herein lies the key to the group's longevity.
They can be as campy and frivolous as The Village People or Frankie Goes to Hollywood or as rocking and downright cool as any band recommended by Pitchfork.
Playing against a black banner holding a 3D version of their band logo, the group burst on stage with the stomping Night Work, from their last album, immediately signaling this show would be more of a greatest hits effort than a road test of new material.
The group played a healthy selection from each album and it is hearing them together in this mixed format you can see a music evolution, as well as a darker menace lurking underneath the sugary melodies.
The melodic swagger of Laura received a slightly metallic lashing in the bridge courtesy of Del Marquis's nifty guitar work, while bassist Baby Daddy all but took the musical lead on the four-on-the floor disco stomper Any Which Way You Can.
The show was propelled by the sheer chemistry between the twin vocalist Jake Shears and Ana Matronic, who worked the crowd like old pros.
Any band is blessed if they have a compelling frontman, but the Scissor Sisters are spoiled, as both Shears and Matronic can command an audience on their own.
Shears, perhaps due to his employment as a dancer, is assigned to get the crowd moving. In Harder You Get ,the brilliantly frenetic Running Out and the sublime Take Your Mama he relentlessly marauded the stage with his energetic arsenal of shimmies, hip swivels and the old favorite running man dance routine.
While he captured his breath between songs, Matronic would take charge in the form of splendid diatribes about music and friendship – even Abu Dhabi’s gold flaked cappuccinos.
However Matronic is not just a pop-Chomsky; the flame-haired singer all but owned the stage in the fiery Kiss You Off and the set closer Filthy Gorgeous.
The group then returned from a dynamic encore beginning with the slow burning Sex and Violence (also exposing their weakness for unsubtle lyricism), the mass singalong that is I Don't Feel Like Dancin' before finishing off with arguably the group's most dramatic offering Invisible Light.
Supporting act Ms Dynamite – turning the traditional format on its head by taking the stage after the main act – also put on an energetic performance to the small yet enthusiastic crowd that stayed on to see her return after nearly five years out of the limelight.
She proved she lost none of her luster in the time off as she tore into socially conscious track It Takes More and the fun male baiting heard in What You Talking About and Put Him Out.
sasaeed@thenational.ae
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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'The Sky is Everywhere'
Director:Josephine Decker
Stars:Grace Kaufman, Pico Alexander, Jacques Colimon
Rating:2/5
MATCH INFO
Norwich 0
Watford 2 (Deulofeu 2', Gray 52')
Red card: Christian Kabasele (WatforD)
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Infobox
Western Region Asia Cup Qualifier, Al Amerat, Oman
The two finalists advance to the next stage of qualifying, in Malaysia in August
Results
UAE beat Iran by 10 wickets
Kuwait beat Saudi Arabia by eight wickets
Oman beat Bahrain by nine wickets
Qatar beat Maldives by 106 runs
Monday fixtures
UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain
J%20Street%20Polling%20Results
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