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Tag: five

  • Foxtrot Will Reopen First Store This Week, Nearly Five Months Since Sudden Closures

    Foxtrot Will Reopen First Store This Week, Nearly Five Months Since Sudden Closures

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    Four and half months after suddenly closing stores in Chicago, Texas, and Washington, D.C., Foxtrot will attempt a comeback by opening its first store this week. Outfox Hospitality, the company that ran those 33 stores filed for bankruptcy in May, leaving a wake of angry vendors, workers scrambling to find new jobs, and accusations of breaking federal labor law. Since then, a new entity has been formed by the chain’s co-founder who says he’ll return the company to its roots by showcasing cool snacks made by local artisans and avoid the pitfalls that lead to the chain’s failure.

    The first store is scheduled to open on Thursday, September 5 at 23 W. Maple Street in Gold Coast, according to a news release. An Old Town location at the corner of North Avenue and Wells Street will follow, though an opening date hasn’t been announced. A few vendors Eater spoke with last week said one of the reasons they joined the comeback effort is Foxtrot isn’t rushing to reopen all the stores they closed. Mike LaVitola, who founded Foxtrot in 2013, and is now chairman of the newly named Foxtrot Cafe & Market. He was part of an effort that bought Foxtrot’s assets in an auction for $2.5 million. LaVitola told Eater he wanted to focus on “getting it right” at individual locations rather than opening multiple stores at once. The initial plan announced was to open about 15 stores scattered in Chicago and Texas, with the majority in Chicago. There are two new details from the company’s latest release: They’re not specifying the number of stores anymore (last week, LaVitola said they were negotiating leases in unannounced locations including Wicker Park and Willis Tower.) The other details might be bitter for those in Austin, Texas, as it appears Foxtrot is focusing on reopening in Dallas, at least in the interim. Austin was home to four locations.

    The closures caused a nationwide commotion in April, with a combination of anger (a class-action lawsuit alleging Outfox violated federal law by failing to provide proper notice for a mass layoff is pending; October 1 is the next court date), sadness (customers who lived nearby grew attached, one famously bemoaned moving to their residence to be near a Foxtrot), and resentment (some South Siders who had never been to a Foxtrot wondered why folks were being so dramatic). Foxtrot had found a niche in North Side Chicago neighborhoods as a corner store with trendy snacks, a coffee bar, and a cafe space to get work done or to sip wine or beer. It was a kind of third place for former office workers who had transitioned into a hybrid work-from-home schedule during the pandemic. Foxtrot saw an opportunity to scale, and after merging with local Chicago grocer Dom’s Kitchen & Market — which also had its own ambitious expansion plans — in 2022, Foxtrot announced intentions to open as many as 100 locations by 2024. By that point, LaVitola was no longer chief executive officer. He says he was pushed out to an advisory role. Foxtrot began opening in neighborhoods with pricey real estate like Fulton Market and at Wrigley Field. They were spending in the hope of getting noticed.

    That detail is important as vendors have been gunshy about joining Foxtrot 2.0 and worried the chain would repeat mistakes. LaVitola told them he wasn’t involved in a leadership role at Outfox. Some have accepted LaVitola’s reassurances, saying they need Foxtrot’s customer base. Others have picked other retail routes.

    But, as LaVitola points out, Foxtrot is about more than gourmet gummies or hot dog-flavored potato chips. The coffee bar was “the biggest revenue driver” — it was so much that nearby coffee shops were losing business to Foxtrot. The previous interaction of Foxtrot made a big deal of partnering with Philadelphia’s La Colombe. That relationship will continue, but the new Foxtrot will also stock items from local roasters Metric and Kyoto Black. They’re also adding new food items to complement its morning breakfast tacos, which will remain. Look for new panini sandwiches, salads, lunch bowls, and cookies.

    Expect to see growing pains. As of last week, LaVitola wasn’t sure if customers would need to create new profiles on the store’s app, which was vital to the chain’s business. Before it was a brick-and-mortar, Foxtrot used its app for liquor and beer delivery. Still, LaVitola says he’s committed to “delivering an awesome experience in the stores.” One way is making sure customers better connect with the stories behind the people who make their products. He feels the previous iteration of Foxtrot relied too much on its website to do that.

    “There’s just going to be a lot more of that content — for lack of a better word — and storytelling happening in the store versus online,” LaVitola says. “Online is still really important, and it’s still there, but I think that gap is going to be bridged.”

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    Ashok Selvam

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  • Chicago Starts Five-Year Phase-Out of Tipped Minimum Wage

    Chicago Starts Five-Year Phase-Out of Tipped Minimum Wage

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    Tipped hospitality workers across Chicago are getting a raise on Monday, July 1 as a hotly debated city ordinance goes into effect, increasing the tipped minimum wage from $9.48 per hour to $11.02.

    The result of a historic vote by Chicago’s City Council in October 2023, the ordinance will phase out the city’s tipped minimum wage — essentially, a subminimum wage augmented by tips — growing it by eight percent annually over five years. This will continue until it matches the standard wage, which is also increasing as of Monday from $15.80 per hour to $16.20 for businesses with four or more employees.

    In addition, changes in paid time off have also gone into effect. Employees who work at least 80 hours through a 120-day duration are entitled to five days of paid leave and five days of paid sick leave. The 10 combined days were a compromise from the 15 that was proposed last year.

    Chicago Mayor Brandon Johnson has called the efforts his team’s way of “making Chicago the most pro-worker city in the country.” They’re the culmination of work by activists like the progressive group One Fair Wage and officials including Johnson (who made it part of his platform), the wage increases were the subject of much divisive debate last year. In the early years of the pandemic, local hospitality workers began speaking out more loudly than ever about the challenges of relying on tips to get by. Opponents, however, including some members of the Illinois Restaurant Association, countered with fears that the increase in costs for operators would force them to raise prices and thus alienate customers, harming restaurant businesses in the long term.

    Johnson’s 2023 mayoral victory was key, says national labor activist Saru Jayaraman, founder of One Fair Wage. By August, Jayaraman declared that the city’s ordinance was all but passed. But in September, opponents threw a Hail Mary by proposing a new association-backed ordinance that would increase Chicago’s tipped minimum wage to $20.54 per hour — the highest in the nation — in any restaurant that uses the tip credit.

    Within days, however, the sides reached a compromise and the restaurant association dropped its opposition to a revised ordinance that established a $500,000 pool from private funds to help smaller restaurants transition and address the need for unionized restaurants to pay lower wages per worker contracts. This move cleared the way for activists and supporters to declare victory ahead of the city council vote.

    Many across the U.S. are keeping a close eye on Chicago, waiting to see how the ordinance will impact the city’s hospitality industry. Seven states — Alaska, California, Minnesota, Montana, Oregon, and Washington — had long dispensed with a tip credit, and in May 2023, Washington D.C. voted to increase its tipped minimum wage from $5.35 per hour to $10. This year, legislators have proposed raises to the tipped minimum wage in 17 states including Illinois, but no bills have yet passed, according to the Sun-Times.

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    Naomi Waxman

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  • ‘Ferrari’ and Top Five Michael Mann Movies

    ‘Ferrari’ and Top Five Michael Mann Movies

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    Sean and Amanda are joined by The Ringer’s Michael Mann aficionado Chris Ryan to discuss one of the year’s best and most anticipated movies: Ferrari (1:00). They discuss the successes and failures of the casting, how transfixing Adam Driver is at the center of the frame, where this slots into the Mann oeuvre, and whether it will (or should) be Mann’s last film. Then, they each share their five favorite Michael Mann movies (41:00).

    Hosts: Sean Fennessey and Amanda Dobbins
    Guest: Chris Ryan
    Senior Producer: Bobby Wagner

    Subscribe: Spotify / Apple Podcasts / Stitcher / RSS

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    Sean Fennessey

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  • Top Five Pop Culture Friendship Moments of 2023

    Top Five Pop Culture Friendship Moments of 2023

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    Erika and Steven make their contribution to The Ringer’s end-of-year list-making endeavor by talking about their top five pop culture friendship moments of 2023 from across reality TV, movies, music, podcasts, and television.

    Hosts: Erika Ramirez and Steven Othello
    Producer: Sasha Ashall

    Subscribe: Spotify / Apple Podcasts / Stitcher

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    Erika Ramirez

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  • Our Top Five Miyazaki Films and ‘The Boy and the Heron’

    Our Top Five Miyazaki Films and ‘The Boy and the Heron’

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    A grey heron told once me that Mal and Jo are here to talk all things Miyazaki! They start by discussing Hayao Miyazaki’s newest film, The Boy and the Heron. They talk about the themes, the world, and why this was such a personal film for Miyzaki (9:42). Later, they put together a list of their top five Miyazaki films and discuss how each one has impacted them and why they love them so much (50:30).

    Hosts: Mallory Rubin and Joanna Robinson
    Associate Producer: Carlos Chiriboga
    Additional Production: Arjuna Ramgopal
    Social: Jomi Adeniran

    Subscribe: Spotify / Apple Podcasts / Stitcher / Pandora / Google Podcasts

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    Mallory Rubin

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  • Cetera Investment Advisers Has $330,000 Stock Position in Five Below, Inc. (NASDAQ:FIVE)

    Cetera Investment Advisers Has $330,000 Stock Position in Five Below, Inc. (NASDAQ:FIVE)

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    Cetera Investment Advisers reduced its stake in shares of Five Below, Inc. (NASDAQ:FIVEFree Report) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,681 shares of the specialty retailer’s stock after selling 80 shares during the quarter. Cetera Investment Advisers’ holdings in Five Below were worth $330,000 as of its most recent SEC filing.

    Several other large investors also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Five Below by 1.0% in the first quarter. BlackRock Inc. now owns 4,879,733 shares of the specialty retailer’s stock valued at $1,005,079,000 after buying an additional 46,515 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Five Below by 2,513.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,892,692 shares of the specialty retailer’s stock valued at $801,779,000 after buying an additional 3,743,768 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Five Below by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,730,378 shares of the specialty retailer’s stock valued at $482,922,000 after buying an additional 259,012 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in Five Below by 21.4% in the first quarter. Wasatch Advisors Inc. now owns 2,676,533 shares of the specialty retailer’s stock valued at $423,883,000 after buying an additional 471,349 shares in the last quarter. Finally, State Street Corp boosted its stake in Five Below by 2.5% in the first quarter. State Street Corp now owns 1,528,420 shares of the specialty retailer’s stock valued at $314,809,000 after buying an additional 37,025 shares in the last quarter.

    Five Below Stock Performance

    Shares of FIVE stock opened at $188.46 on Friday. The company has a market cap of $10.50 billion, a P/E ratio of 38.70, a PEG ratio of 1.69 and a beta of 1.18. The stock has a 50 day simple moving average of $172.93 and a two-hundred day simple moving average of $182.24. Five Below, Inc. has a fifty-two week low of $144.57 and a fifty-two week high of $220.19.

    Five Below (NASDAQ:FIVEGet Free Report) last issued its earnings results on Wednesday, November 29th. The specialty retailer reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $736.41 million during the quarter, compared to the consensus estimate of $728.04 million. Five Below had a return on equity of 20.23% and a net margin of 8.35%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. On average, research analysts predict that Five Below, Inc. will post 5.46 earnings per share for the current year.

    Insiders Place Their Bets

    In other news, CEO Joel D. Anderson acquired 3,100 shares of Five Below stock in a transaction on Friday, September 8th. The stock was purchased at an average price of $161.50 per share, with a total value of $500,650.00. Following the completion of the purchase, the chief executive officer now owns 99,656 shares of the company’s stock, valued at approximately $16,094,444. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

    Wall Street Analyst Weigh In

    FIVE has been the topic of several research analyst reports. StockNews.com initiated coverage on Five Below in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Guggenheim reiterated a “buy” rating and issued a $220.00 target price on shares of Five Below in a research report on Friday, September 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $220.00 target price on shares of Five Below in a research report on Monday. Citigroup increased their target price on Five Below from $220.00 to $227.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Loop Capital dropped their target price on Five Below from $200.00 to $175.00 and set a “hold” rating for the company in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.52.

    View Our Latest Stock Analysis on Five Below

    About Five Below

    (Free Report)

    Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.

    Featured Articles

    Want to see what other hedge funds are holding FIVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Below, Inc. (NASDAQ:FIVEFree Report).

    Institutional Ownership by Quarter for Five Below (NASDAQ:FIVE)

    Receive News & Ratings for Five Below Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Five Below and related companies with MarketBeat.com’s FREE daily email newsletter.

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    ABMN Staff

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  • ‘Napoleon’ and the Top Five “Great Men” Movies

    ‘Napoleon’ and the Top Five “Great Men” Movies

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    Sean, Amanda, and Chris explore the high highs of Ridley Scott’s Napoleon—in particular the battle scenes—while trying to sort through their feelings on why the movie doesn’t come together as a whole quite how they hoped it would (1:00). Then, they try to place Napoleon in the historical context of “great men” movies and share their top five in the genre (40:00).

    Hosts: Sean Fennessey and Amanda Dobbins
    Guest: Chris Ryan
    Senior Producer: Bobby Wagner

    Subscribe: Spotify / Apple Podcasts / Stitcher / RSS

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    Sean Fennessey

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  • Five Thoughts About the Beatles’ Last Song, “Now and Then”

    Five Thoughts About the Beatles’ Last Song, “Now and Then”

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    The last album the Beatles recorded ended with “The End.” (Unless you count “Her Majesty.”) But the actual end of the band’s official output—at least according to the marketing materials—came on Thursday, when the corporate entity called the Beatles released “Now and Then.” The song, which was written by John Lennon in the late 1970s and demoed on a handheld cassette recorder perched on his piano, was considered for the full-band treatment during the 1995 Beatles Anthology project, when the surviving “Threetles” (Paul McCartney, George Harrison, and Ringo Starr) worked with producer Jeff Lynne of Electric Light Orchestra and Traveling Wilburys fame to finish a few of Lennon’s songs.

    Included on the tapes Lennon’s widow, Yoko Ono, had given McCartney were demos of four tracks: “Free As a Bird,” “Real Love,” “Grow Old With Me,” and “Now and Then.” Lennon’s former bandmates recorded the first two but passed on recording “Grow Old With Me,” which had already been released on the posthumous Milk and Honey in 1984. (Starr and McCartney would eventually cover it on Starr’s 2019 solo album, What’s My Name.) After some experimentation, they also rejected “Now and Then,” largely at the behest of Harrison, who thought the quality of Lennon’s demo was insufficient for a full-fledged recording.

    Harrison passed in 2001, but McCartney never dropped the idea of returning to the song, which seems to hold some special significance for him: According to Carl Perkins, Lennon’s last words to McCartney were “Think about me every now and then, old friend,” which may have made the demo smack of a message from the beyond. Recent technological advances made that message much clearer: Peter Jackson’s machine audio learning algorithm (MAL, named for Beatles roadie and confidant Mal Evans), which was developed for the 2021 documentary The Beatles: Get Back, isolated Lennon’s vocal from its piano accompaniment and removed the hum and background sounds that marred the original recording. The Beatles version of the song, which was coproduced by McCartney and Beatles producer George Martin’s son Giles, incorporates Lennon’s singing, Harrison’s 1995 guitar work, harmonies sampled from Beatles songs of the ’60s, new recordings by McCartney and Starr, and additional orchestration.

    Speaking of orchestration, “Now and Then” is the centerpiece of a three-part, three-day rollout: on Wednesday, a short film about the making of the track; on Thursday, the song itself; and on Friday, Jackson’s music video. It’s also an enticement to purchase some merch: For the full-circle feels, the song is being sold as a double-A-side single alongside a MAL-demixed, stereo version of the Beatles’ mono first single, “Love Me Do”—a figurative “Hello, Goodbye.” It will also appear on newly expanded, remixed, and demixed releases of the band’s vintage greatest-hits compilations, known as the Red and Blue albums.

    “Now and Then” almost certainly won’t remain in your rotation as long as the rest of the cuts on those classic comps, but at minimum, it’s a fascinating artifact. And if it’s the official farewell from a group whose legacy will long outlive any of its members, it merits a close listen. At slightly more than four minutes long, the track is a trifle compared to the nearly eight-hour Get Back, but after asking five questions sparked by that chronicle of the Beatles’ last released album, I’m back to share five thoughts prompted by the band’s last released song. Now, then: Let’s examine “Now and Then.”

    Yes, this is all slightly disconcerting.

    As with “Free As a Bird” and “Real Love,” but even more so, the release of a new “Beatles” song without the knowledge, approval, and active participation of all four Beatles may strike some fans as morbid, presumptuous, or creatively questionable. Before he was murdered in December 1980, Lennon sometimes sounded receptive (or was said to have sounded receptive) to the idea of all four Beatles working together again. At other times, not so much. I tend to think that had he lived longer, there would have been some sort of Beatles reunion: the repair (for the most part) of his and McCartney’s relationship after the acrimony of the Beatles’ breakup, the fact that up to three of the former bandmates often played on one another’s songs, and the Anthology project (and the examples of so many other ’60s and ’70s groups who eventually got the band back together) all suggest that the four Fabs would have been seen at some point on stage or in studio. But would Lennon have wanted a reunion to take this form, with this demo of this song? Not even those who were closest to him can know with absolute certainty.

    Harrison’s absence adds an additional layer of uncertainty, given that he was the one who scuttled the first attempt to finish “Now and Then.” In 1997, McCartney told Q Magazine, “George didn’t like it. The Beatles being a democracy, we didn’t do it.” Fifteen years later, long after Harrison’s death, McCartney said, “George went off it,” recounting how Harrison had called it “fuckin’ rubbish.” But those quotes are unclear: rubbish because the demo was so rough, or rubbish because he simply disliked the song?

    Possibly both. In 2021, Mark Cunningham, the technical musical consultant to Beatles press officer Derek Taylor, told The Daily Beast what Harrison had told him when Cunningham had asked why the Threetles didn’t record the third song. “He was very critical,” Cunningham said. “He was a real downer about it and said, ‘I wasn’t really interested.’ He said, ‘Apart from the quality, which was worse than the other two, I didn’t think it was much of a song.’”

    The Beatles are still a democracy, but Harrison no longer has his own vote. His family does, and his wife and son say his objections were limited to the demo’s vocal quality. In a recent press release about the new song, Harrison’s widow, Olivia, said, “George felt the technical issues with the demo were insurmountable and concluded that it was not possible to finish the track to a high enough standard. If he were here today, Dhani and I know he would have wholeheartedly joined Paul and Ringo in completing the recording of ‘Now and Then.’” That’s certainly plausible—it was Harrison who first spoke to Ono about the surviving Beatles tinkering with John’s songs, and he helped out with “Free As a Bird” and “Real Love.” But even if Harrison would have signed off on the MAL-enhanced vocal, the new “Now and Then” lacks whatever adornments he might have added to the basic rhythm track he laid down in ’95.

    Asked about the prospect of a Beatles reunion in 1974, Harrison said, “If we do it again, it will probably be because we’ll be broke and need the money.” That’s clearly not what’s happening here: This song seems to have flowed from the best of intentions of McCartney and Starr, with green lights and love from the families and estates of Lennon and Harrison. Still, I’d understand if any fans shared the late George Martin’s misgivings about long-after-the-fact recordings. When Martin was asked in 2013 about why he didn’t produce “Free As a Bird” and “Real Love,” he said, “I kind of told them I wasn’t too happy with putting them together with the dead John. I’ve got nothing wrong with dead John, but the idea of having dead John with live Paul and Ringo and George to form a group, it didn’t appeal to me too much.”

    Decades earlier, in 1976, Martin told Rolling Stone, “What happened was great at its time, but whenever you try to recapture something that existed before, you’re walking on dangerous ground, like when you go back to a place that you loved as a child and you find it’s been rebuilt. … The Beatles existed years ago; they don’t exist today. And if the four men came back together, it wouldn’t be the Beatles.”

    That’s no less true now that two of the men are gone and the others are in their 80s. I don’t object to the exercise so much as the branding: This obviously isn’t a Beatles song in the same sense as the songs from the ’60s, or even “Free As a Bird” and “Real Love.” Which doesn’t mean it’s not enjoyable. But …

    How you feel about the music depends in part on whether you’ve heard it before.

    If you haven’t heard Lennon’s demo, don’t listen to it before you take in the new “Now and Then.” I’ve heard the former untold times over many years, and my familiarity with it can’t help but color my perception of the “Beatles” track.

    Lennon’s demo is spare, imperfect, and fittingly ghostly. The new release is heavily produced (after the fairly faithful, unvarnished first minute), and so sonically compressed in its streaming incarnation that the muddy mix obscures some of the depth and detail in the bass and strings. In some respects, the more polished approach is preferable. In others, the haunting, ethereal, stripped-down demo sounds more appropriate for a plaintive love song sung by a man who’s been dead for longer than he was alive. It’s a little like the difference between the Let It Be version of “The Long and Winding Road” and the Let It Be … Naked version without the wall of sound. Both have adherents, but the latter’s intimacy is more my speed. (In the case of “Now and Then,” though, McCartney and the younger Martin added the overdubs, whereas Macca and the older Martin were the ones excoriating Phil Spector’s alterations to “The Long and Winding Road.”)

    However, my primary source of dissatisfaction (which has lessened a little as I’ve listened more) stems not from the sound of the new “Now and Then,” but from its structure. Earlier, I referred to the Threetles “completing” or “finishing” Lennon’s musical sketches, but this time, McCartney collaborates with his former muse not just by building on Lennon’s work, but by undoing it. The Lennon demo is almost a minute longer than the Beatles release, largely because the former includes two pre-chorus bridges that the latter removes (aside from a subtle, hard-to-hear allusion in McCartney’s piano chords during the new solo).

    I understand why McCartney cut these “I don’t want to lose you / Abuse you or confuse you” sections. For one thing, Lennon’s lyrics trail off into placeholder scatting. It was one thing for McCartney and Harrison to replace Lennon’s incomplete pre-chorus vocals on “Free As a Bird” in 1995. It would have been another for McCartney to do the same on “Now and Then” in 2023, with his husky, warbly, 81-year-old voice. Moreover, a reference to abuse might have landed differently now, what with the wider awareness of Lennon’s history with women.

    Setting aside the unanswerable question of whether Lennon would have wanted the song released without a section he may have considered essential, I can’t help but be a bit let down by the bridge’s omission. Without those surprising, distinctly Lennon-esque digressions, the song’s structure is simpler and more repetitive: verse, chorus, verse, chorus, solo, verse. Plus, its sentiment is less poignant without some of the singer’s self-doubt. Even if there were no respectful, seamless way to preserve those fragments, I miss them sorely, having grown accustomed to them during my many spins of the demo. It’s enough to make me do a “distracted boyfriend” glance at the fan edits and covers that keep the pre-choruses in.

    MAL is magic.

    Whatever one might think about the “Beatles” arrangement of “Now and Then,” the vocal revealed by Jackson’s proprietary software is a minor miracle. In contrast to the reedy original rendition, Lennon’s voice sounds strong and clear yet in essence the same, dispelling any misplaced panic conjured by mentions of “AI.” It isn’t studio caliber, but it’s close enough that “Now and Then” doesn’t suffer from the Anthology tracks’ somewhat distracting dissonance in vocal quality and unscrubbable snippets of piano. “There it was, John’s voice, crystal clear,” McCartney said of hearing the cleaned-up performance. “It’s quite emotional.” Starr agreed: “It was the closest we’ll ever come to having him back in the room, so it was very emotional for all of us. It was like John was there, you know. It’s far out.”

    It is far out! Even after the incredible demonstrations of this tech’s potential in Get Back, I’m as thrilled and delighted by each new implementation as a baby is by peekaboo. MAL is magical in an Arthur C. Clarke kind of way. I’d imagine that we’ll hear much more of its output in the coming years, with the Beatles and beyond; training this tool on more mono mixes and crackly recordings should give Apple Corps, Capitol, and Universal an excuse to sell us portions of the Beatles’ back catalog yet again. (Sign me up for MAL-aided remixes of “Free As a Bird” and “Real Love,” and perhaps a less screamy Live at the Hollywood Bowl.)

    Jackson hasn’t directed a narrative feature film since 2014’s The Hobbit: The Battle of the Five Armies, but since then he’s been bringing the past to vibrant life—both visually, via the colorized, retimed footage in World War I documentary They Shall Not Grow Old, and audibly, through the gifts he’s given fellow Beatles fans. His greatest triumphs as a filmmaker have come from using technology to render real and fictional characters and worlds in unprecedentedly lifelike ways, making them feel fresh, vital, and visceral. I’m not saying he shouldn’t make more movies about Tintin, but selfishly, I hope he keeps catering to my personal interests. Thanks for fixing Get Back and “Now and Then.” Now do Magical Mystery Tour.

    This is a better Beatles tribute than it is a song.

    Considering that “Now and Then” is an amalgamation of music made over four different decades with varying levels of fidelity, constrained by both the unreachability of John and George and the need not to tamper too much with their past contributions, it’s a wonder that it sounds as cohesive as it does. But the song’s greatest strength isn’t its sound—it’s the way its production echoes and amplifies the motif of the melding of past and present.

    The Anthology recordings are as old now as some of the Beatles’ songs were when the Threetles convened in the mid-’90s, and time has taken its toll on both the band’s roster and its surviving members’ skills. Paul’s voice is much diminished these days, but on “Now and Then,” that’s an asset: Like the footage old Paul plays of young John as they do live “duets” on “I’ve Got a Feeling” in concert, the blending of the 30-something Lennon and the 80-something McCartney on this track is a guaranteed tearjerker. The first words McCartney sings alongside Lennon are “love you,” and in the chorus’s confession and plea, “Now and then / I miss you,” the two seem to be talking to each other while we listen and gently weep. Jackson’s irreverent, touching, time-hopping music video doubles down on these themes.

    “Now and Then” is Lennon’s song, but this recording is unmistakably a Paul project. Of course, the Beatles were often a Paul project in their later years, and it wasn’t uncommon for the bandmates to write and record individually and then stitch their creations together. This isn’t the first Beatles song recorded without Lennon at the sessions, or the first on which McCartney subbed in for Harrison on the solo. McCartney may be “a bit overpowering at times,” as Harrison once said, but here he recedes into the swirl of sound enough for John to stay center stage.

    Between McCartney’s George-inspired (but not George-soundalike) slide solo and a piano that could’ve been ported from one of Paul’s 21st-century solo tracks—I hear shades of the Harrison-inspiredFriends to Go”—“Now and Then” slightly updates the band’s sound amid its many conscious invocations of the Beatles’ musical hallmarks. Then again, the Beatles’ sound was always evolving, and if they were all alive and aligned on a track today, they wouldn’t sound the same as they used to. “Now and Then” bears the sonic stamps of more recent efforts, just as “Free As a Bird” and “Real Love” reflected Harrison’s, McCartney’s, and Starr’s separate work with Lynne.

    “Now and Then” isn’t an authentic song by the Beatles in the same way that Hackney Diamonds is an authentic album by the Rolling Stones—the British Invasion is back!—but it’s a convincing spiritual successor. “It’s not some sort of cynical marketing exercise to try and push catalog sales,” Giles told Variety, adding, “I think [Paul] just misses John and he wants to work on a song with him. It’s just as simple as that.” If this song brings some creative closure to McCartney, a tireless and responsible steward of the band’s IP, I won’t begrudge him that. All in all, I’m moderately happy to have this recording, although musically, it’s my least favorite of the post-Lennon Beatles songs, and I doubt it will displace the demo in my affections. There was no way for “Now and Then” to live up to the hype of a new Beatles song or, for that matter, to match the standard set by the Beatles’ library, but it’s a sweet, nostalgic, and not excessively schmaltzy or self-referential postscript.

    The Beatles’ body of work didn’t need another coda, but this one works. “Good one,” Ringo mumbles at the end. Not great one, but we’ll take it.

    The Beatles always return to us.

    The long-awaited arrival of “Now and Then” is bittersweet because, barring a creative reversal or the discovery of a new stash of songs, it’s the end of the end, the last new track that will ever be released by the Beatles (air quotes or asterisk implied). But the band as a cultural touchstone and source of inspiration is almost immortal. The rereleases, documentaries, and books will keep coming, and so may periodic deliveries from the vault. (With “Now and Then” unveiled, Beatleologists will focus their willpower on unearthing McCartney’s “Carnival of Light.”)

    This may be the band’s final single, but in the end, the enjoyment we take is greater than the music they make. As Lennon—and only Lennon—sang in his “Grow Old With Me” demo: “World without end / World without end.”

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    Ben Lindbergh

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