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Tommy Richman has taken the internet by storm in the last few days after releasing his new song, “MILLION DOLLAR BABY.” Released Friday (Apr. 26), the record is already firing on all cylinders on streaming because of its funky sound and Richman’s seamless vocal riffs.  Last week, Richman first teased the track on TikTok using […]

Superfans have become an very buzzy topic within the industry since last summer, when Goldman Sachs projected that this segment of fans could put more than $4 billion into the music industry by 2030. 
As previously reported by Billboard, in January Warner Music Group CEO Robert Kyncl called for “stok[ing] the blue flames of superfans” and additional “direct artist-superfan products and experiences”, while Universal Music Group CEO Lucian Grainge highlighted the value of “superfan experiences and products”; and Spotify hinted at future “superfan clubs” in a blog post.”

Defined by Luminate as listeners who “engage with artists and their content in five-plus different ways” superfans were a topic of conversation at IMS Ibiza 2024, which last week brought hundreds of electronic music industry figures to the island for three days of panels and parties.

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On Friday (April 26), programming included a conversation on superfans presented by industry knowledge platform Music Ally. The talk featured Evie Thomas of Atlantic Records and Warner Music Group UK, Jack Bridges of SoundCloud, Myradh Cormican of U.K. management company Frame Artists and was moderated by Marlen Hüllbrock of Music Ally.

The conversation cited statistics from Music Ally which found that superfans spend 80% more on music each month than the average listener and that 2% of an artist’s monthly listeners on Spotify account for more than half of that artist’s monthly merchandise purchases.

Additionally, superfans are 54% more likely to be the first among their friends to discover new music and new artists, and superfans are 59% more likely to say they want to connect with an artist on a personal level. Around 15-20% of all music listeners consider themselves superfans.

These are five other takeaways from the talk.

1) Even 100 Superfans Can Successfully Launch a Campaign — If You Can Find Them

Fanbases are spread across myriad platforms, which makes it challenging for artists to understand who their fans are. This is particularly true because given that data is segmented and also often controlled by third parties, meaning that artists have no direct access to fans and must rely on different tools and platforms to figure out who their superfans are.

Music Ally’s Hüllbrock noted that it’s “incredibly important” for artists and labels to figure out how to directly speak to their own fans, “because they’re battling the algorithm if they’re just posting on their own channels.” One solution here is cutting through the content clutter by taking artist/fan conversations to more more closed and direct spaces like WhatsApp and Discord.

“It’s about how to cut through the noise in an authentic way but also a relative way so even if an artist has 10,000 fans, they’re reaching a 1,000 or even 100 to successfully launch a campaign,” added Bridges. Thomas noted that it’s key for teams to test to see what different platforms are working and where engagement is happening for each particular artist, “as it’s not one size fits all; every artist is different; every community is different.”

2) Soundcloud Has Long Been a Home For Superfans

“I think there’s also been an underestimation of how much the superfans mattered before they were being properly identified,” said Bridges, citing the 2022 hit “Afraid To Feel” by U.K. duo LF System. That song “went to No. 1 but lived on Soundcloud for nearly a year before it got picked up and signed,” he added. “When that got signed and as part of the release strategy, it came off of Soundcloud, and straightaway the artists were inundated with messages every day asking where the record had gone.”

Bridges cites this as a moment “where the labels, the artists, the artist managers really realized how important it was to not mess with certain things or go to market without certain platforms.”

He says that over the last 18 months, as the industry has sharply focused on superfans, there’s been a change in strategy that’s seen “a lot more artists and labels go to Soundcloud early… and build records from nothing and by artists messaging their fans directly, because we have the tools to do that.”

3) Strategy Is Not One Size Fits All

“You have to look at how much time you have to invest, the reward you have made for your fanbase and where your fans really messaging you and commenting and which platforms are you seeing that on,” said Thomas, adding that ones those factors are sorted, the process can be very bespoke. “Maybe for a bigger artist with bigger budget,” she continued, “you can do something like Discord where you can bring in agencies and there’s a lot of paid features.” Meanwhile for artists that want a simpler solution, “something as simple as a WhatsApp group can be amazing.”

Cormican of Frame Artists cited Scottish DJ Arielle Free as a success story in terms of using WhatsApp to connect with superfans. “It’s been an easy lift thing to do, we’ve just given it space to develop,” she said, noting that the conversation in the group is often about topics beyond music and that many fans from the group meet IRL to attend Free’s shows.

The panelists also agreed that an artist’s language and tone should be tailored based on what platform they’re using and what fan group they’re talking to. On WhatsApp, the artist will likely be more open and relaxed, whereas Instagram caption will be shorter and sharper. Overall, the key is creating different spaces for different fan types.

4) Filtering Superfans By Territory Is Effective

When data is used to separate superfans by location, artists can easily reward these people with special experiences — meet and greets, guest lists, etc. — when they come to town.

Thomas cited Atlantic Records artist Fred again..’s March tour of Australia, for which the team cross-referenced people that were in the artist’s Australian fan community and anyone who had their birthday on the day of one of the Australia shows. The team then DM’d these fans from the Fred again.. account saying that they’d been put on the guestlist +2 for their birthday.

“That’s such a unique experience,” said Thomas, “I think it really heightens the user experience of that fan.” In terms of longterm benefits, she compared it to receiving a surprise upgrade by an airline: “You’re going to want to fly with that airline again.”

5) Bring Superfans Into The Narrative

When coordinating Chase & Status‘ 2023 Boiler Room set, their management at Frame Artists told organizers they wanted a small guest list dedicated to superfans “because,” said Cormican, “we wanted to have their energy in the room.”

This guestlist offer was distributed via the U.K. duo’s Discord channel. When the recording of this set was made live, there were a few people in the crowd who knew every lyric, danced the entire time and never once looked at their phones: the superfans who’d gotten in on the Discord guestlist.

The team from Frame Artists then messaged one of these fans, Don Lemons, and had him take part in a merchandise campaign. (And offered him “free guest list for life, obviously,” said Cormican.) When Chase & Status performed at the 2024 Brit Awards, fans from the artists’ Discord were invited to be part of the performance, as the team “wanted real ravers onstage.” This group got to take part in show rehearsals and the live show, and a video clip of this performance is now Chase & Status’ highest performing piece of content ever, with 100 million views. The video includes Dom Lemons “who,” said Cormican, “is now a legend in our scene.”

Billboard Pro members have selected Universal Music Publishing Group (UMPG) president of Latin America and U.S. Latin Alexandra Lioutikoff as the first recipient of the International Power Players’ Choice Award. The peer-voted award honors the global executive who Billboard Pro members believe had the most impact across the business in the past year. Being the first to […]

Beyoncé and Blue Ivy Carter aren’t just mother and daughter anymore — they’re costars. Disney unveiled a new trailer for its upcoming Lion King prequel Mufasa Monday (April 29), confirming that both the “Texas Hold ‘Em” singer and her 12-year-old firstborn are lending their famous voices to the project. Explore See latest videos, charts and […]

In this week’s batch of new country music fare, we have country/Americana maestro Charley Crockett’s sterling new album, as well as new songs from Darius Rucker with Jennifer Nettles, as well as Ole 60, Karley Scott Collins, MacKenzie Porter and Karli June. Additionally, bluegrassers The Del McCoury Band offer up new music as well as a collab from Tony Trischka and Vince Gill.

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Charley Crockett, $10 Cowboy

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Over the course of more than a dozen studio albums, Crockett has painstakingly built his reputation as an electrifying live performer, and a kingpin of crafting traditional country tunes, while adroitly enmeshing layers of various styles into his work, including soul, blues, funk, gospel and more. On his latest, there are moments of converging country and R&B, while his penchant for capturing a live performance feel is apparent on $10 Cowboy, which he recorded live to tape in Austin, Texas, with his steady collaborator Billy Horton. Songs such as the horn-driven “America,” the jangly acoustic country of “Hard Luck and Circumstances,” the blues-rock of “Solitary Road” as well as songs such as the title track and “Midnight Cowboy” all pay homage to his skill with keen observations and to his journey from street busker to his current status as acclaimed headliner.

Darius Rucker and Jennifer Nettles, “Never Been Over”

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Two of country music’s strongest, most identifiable voices collide here, as Rucker welcomes Nettles in a reimagined version of this song, which he first recorded for his Carolyn’s Boy album. Nettles joins on the song’s second verse, adding another rich layer of nuance to the tale of a couple unwinding the ties that have bonded them for years. As the song reaches its apex, Nettles sends up some soaring vocals as Rucker holds down the melody. Rucker has one of music’s most commanding voices, but Nettles matches his steady, slightly raspy vocal wondrously with her charismatic soprano. In recent years, Rucker has shifted a bit from some of the uptempo, radio-ready fare he’s become known for and issues some of his strongest performances of late, such as another stellar collaboration, with Dax on “To Be a Man.”

Karli June, “Still Make Cowgirls”

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She’s not afraid to be a fearless, independent-minded cowgirl in a world of followers and she’s fierce enough to dare a potential suitor to ride along. Canada native June is presently celebrated with four CMA Ontario Awards nominations, and follows them with this song she co-wrote with Deric Ruttan. Her twangy vocal also carries a slight edge as it floats over the Western-tinged yet modern sonics.

The Del McCoury Band, “Just Because”

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Since the 1960s, when Del McCoury performed as part of Bill Monroe’s Blue Grass Boys, he has been a torchbearer, both aiding in laying down the prototype for the genre–and pushing beyond its traditional boundaries. The two-time Grammy-winning The Del McCoury Band, led by the Bluegrass Music Hall of Famer, has blended its distinctive sound with a range of musical styles over the years, leading to collaborations and/or performances with artists including Dierks Bentley, Steve Earle and Phish. That genre-spanning intention continues on the band’s latest, as they cover the blues-driven “Just Because,” originally recorded by The California Honeydrops on their 2013 album Like You Mean It. Here, The Del McCoury Band transforms it into an expertly rendered, galloping bluegrass tune, with fleet-fingered picking, winding fiddle and McCoury’s commanding tenor.

Ole 60, “Next to You”

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This Kentucky quintet broke through earlier this year with viral hits “A Smoke & a Light” and the bluesy ballad “Brother Joe.” They follow with “Next to You,” a harmonica and banjo-inflected song starts out with an unhurried, moody ethos, before picking up the pace in the last half of the song, ascending into a plucky, bluegrass-tinged jamband vibe. This indie group, which recently signed with The Neal Agency for booking, keeps its engaging music rolling with this one, which embeds stark details revolving around an on-and-off again relationship. “Fools in love ain’t fools at all/ That’s why I pick up ever time that you call,” frontman Jacob Young sings, continuing, “Pack of Marlboro Lights and some Adderall/ I’ll be on my way.”

Tony Trischka and Vince Gill, “Bury Me Beneath the Willow”

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From Trischka’s upcoming project Earl Jam: A Tribute to Earl Scruggs (out June 7), this track features a top-shelf assortment of premier bluegrassers, including Trischka, Vince Gill, Michael Cleveland, Brittany Haas, Dominick Leslie and Mike Bub. Together, they offer an exemplary latticework mandolin, guitar, banjo and fiddle on this classic from the country music canon, popularized by The Carter Family and recorded by the familial group during country music’s “Big Bang,” the Bristol Sessions, in 1927. The fiddle lines from Cleveland and Haas are superb, bolstered by Trischka’s banjo picking and topped off by Gill’s high-caliber vocal.

Karley Scott Collins (feat. Charles Kelley), “How Do You Do That”

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Collins teams with Lady A’s Charles Kelley on this pulsating collaboration, which puts their tight-knit harmonies in focus and delves into the moments of a fissured relationship that leave one questioning everything they knew about an ex-lover. Kelley’s soulful country voice is in top form, while Collins’ rangy, grit-meets-silk vocal offers a remarkable, dynamic foil. Collins wrote this track with Kelley, Jordan Reynolds and Tom Jordan.

MacKenzie Porter, “Foreclosure”

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MacKenzie Porter made her American country radio breakthrough with her Dustin Lynch collaboration, the multi-week No. 1 “Thinkin’ Bout You.” But she’s out to showcase her own singer-songwriter talents and perspective on her newly-issued debut Big Loud album Nobody’s Born With a Broken Heart. Porter’s warm, soft-focus voice is bolstered by a pop-aimed, sleek production on this standout track, which she wrote with Luke Niccoli, Lydia Vaughan, Parker Welling.

“I wasted all my good faith,” Porter sings, the slightly husky tremor in her voice acutely embodying both the hope and heartbreak on a song that chronicles a couple’s journey from buying a home together to later watching the relationship falter — so they put up the foreclosure sign, moving out and moving on.

Billie Eilish announced the dates the world tour in support of her third album on Monday (April 29). The Hit Me Hard and Soft: The Tour is slated to kick off on Sept. 29 at the Centre Videotron in Quebec and take the singer across North America through late December, with stops in Toronto, Baltimore, Philadelphia, Detroit, Newark, Boston and Pittsburgh before a three night-stint at Madison Square Garden (Oct. 16-18) and two nights at State Farm Arena in Atlanta (Nov. 2-3).
The Tour in support of Hit Me Hard and Soft (May 17) will continue to criss-cross the nation, hitting Nashville, Cincinnati, Chicago, Denver, Seattle, Portland and San Jose before winding down with two shows at the Kia Forum in Inglewood, CA on Dec. 16-17. Eilish will then hop to Australia for a run of shows in Brisbane (Feb. 18, 19, 21, 22), Sydney (Feb. 24, 25, 27, 28) and Melbourne (March 4, 5, 7, 8).

The dates will pick up again in April 2025 for a European run of shows on the Live Nation-promoted tour that will keep the singer on the road through a July 27 gig at 3Arena in Dublin, Ireland. Tickets for the tour will go on sale beginning with an American Express presale on Tuesday (April 30), with additional presales slate for the rest of the week. Any remaining tickets will be available during a general onsale starting May 3 here.

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The tour will feature a number of sustainability efforts, including the continuation of Eilish’s long-running partnership with environmental nonprofit Reverb, which has so far resulted in $1 million in donations to environmental, greenhouse gas reduction and climate justice projects according to a release announcing the dates. On the upcoming tour sustainability efforts will include reducing greenhouse gas pollution, decreasing single-use plastic waste, supporting climate action and updating concession offerings to promote plant-based food options.

In addition, a portion of ticket proceeds from sales in North America will go to Reverb to support its efforts to address food insecurity and the climate crisis. There will also be a Billie Eilish Reverb eco village set up on two locations on the main concourse of every show where fans can participate in the tour’s sustainability efforts and connect with nonprofits.

Support + Feed will also continue their previous collaboration with Eilish and offer an expanded version of their Support+Feed Pledge aimed at inspiring fans to eat one plant-based meal a day for 30 days. Eilish’s fans are being encouraged to take public transportation and/or carpool to shows to reduce their carbon footprint and to bring an empty reusable water bottle or donate to receive a custom RockNRefill Nalgene bottle they can fill up for free at water refill stations at every venue. Eilish is also encouraging fans to fight the tremendous waste caused by fast fashion by dressing up for the gigs in thrifted, upcycled or borrowed clothes instead of buying new ones.

In an effort to keep tickets out of the hands of scalpers, the tour is using Ticketmaster’s Face Value Exchange, which will allow fans who purchase tickets for the North American tour they can’t attend to resell them to other fans at the original price; click here to find out more about this program.

Check out the dates for Eilish’s Hit Me Hard and Soft: The Tour 2024-2025:

2024 North America

Sept. 29 – Québec, QC @ Centre Videotron

Oct. 1 – Toronto, ON @ Scotiabank Arena

Oct. 2 – Toronto, ON @ Scotiabank Arena

Oct. 4 – Baltimore, MD @ CFG Bank Arena

Oct. 5 – Philadelphia, PA @ Wells Fargo Center

Oct. 7 – Detroit, MI @ Little Caesars Arena

Oct. 9 – Newark, NJ @ Prudential Center

Oct. 11 – Boston, MA @ TD Garden

Oct. 13 – Pittsburgh, PA @ PPG Paints Arena

Oct. 16 – New York, NY @ Madison Square Garden

Oct. 17 – New York, NY @ Madison Square Garden

Oct. 18 – New York, NY @ Madison Square Garden

Nov. 2 – Atlanta, GA @ State Farm Arena

Nov. 3 – Atlanta, GA @ State Farm Arena

Nov. 6 – Nashville, TN @ Bridgestone Arena

Nov. 8 – Cincinnati, OH @ Heritage Bank Center

Nov. 10 – Saint Paul, MN @ Xcel Energy Center

Nov. 11 – Saint Paul, MN @ Xcel Energy Center

Nov. 13 – Chicago, IL @ United Center

Nov. 14 – Chicago, IL @ United Center

Nov. 16 – Kansas City, MO @ T-Mobile Center

Nov. 17 – Omaha, NE @ CHI Health Center Omaha

Nov. 19 – Denver, CO @ Ball Arena

Nov. 20 – Denver, CO @ Ball Arena

Dec. 3 – Vancouver, BC @ Rogers Arena

Dec. 5 – Seattle, WA @ Climate Pledge Arena

Dec. 6 – Seattle, WA @ Climate Pledge Arena

Dec. 8 – Portland, OR @ Moda Center

Dec. 10 – San Jose, CA @ SAP Center at San Jose

Dec. 11 – San Jose, CA @ SAP Center at San Jose

Dec. 13 – Glendale, AZ @ Desert Diamond Arena

Dec. 15 – Inglewood, CA @ Kia Forum

Dec. 16 – Inglewood, CA @ Kia Forum

Dec. 17 – Inglewood, CA @ Kia Forum’Nov. 16 – Kansas City, MO @ T-Mobile Center

2025 Australian dates:

Feb. 18 – Brisbane, Australia @ Brisbane Entertainment Centre

Feb. 19 – Brisbane, Australia @ Brisbane Entertainment Centre

Feb. 21 – Brisbane, Australia @ Brisbane Entertainment Centre

Feb. 22 – Brisbane, Australia @ Brisbane Entertainment Centre

Feb. 24 – Sydney, Australia @ Qudos Bank Arena

Feb. 25 – Sydney, Australia @ Qudos Bank Arena

Feb. 27 – Sydney, Australia @ Qudos Bank Arena

Feb. 28 – Sydney, Australia @ Qudos Bank Arena

March 4 –Melbourne, Australia @ Rod Laver Arena

March 5 – Melbourne, Australia @ Rod Laver Arena

March 7 – Melbourne, Australia @ Rod Laver Arena

March 8 – Melbourne, Australia @ Rod Laver Arena

2025 European dates:

April 23 – Stockholm, Sweden @ Avicii Arena

April 24 – Stockholm, Sweden @ Avicii Arena

April 26 – Oslo, Norway @ Telenor Arena

April 28 – Copenhagen, Denmark @ Royal Arena

April 29 – Copenhagen, Denmark @ Royal Arena

May 2 – Hannover, Germany @ ZAG Arena

May 4 – Amsterdam, Netherlands @ Ziggo Dome

May 5 – Amsterdam, Netherlands @ Ziggo Dome

May 7 – Amsterdam, Netherlands @ Ziggo Dome

May 9 – Berlin, Germany @ Uber Arena

May 29 – Cologne, Germany @ Lanxess Arena

May 30 – Cologne, Germany @ Lanxess Arena

June 1 – Prague, Czech Republic @ O2 Arena

June 3 – Kraków, Poland @ Tauron Arena

June 4 – Kraków, Poland @ Tauron Arena

June 6 – Vienna, Austria @ Stadthalle

June 8 – Bologna, Italy @ Unipol Arena

June 10 – Paris, France @ Accor Arena

June 11 – Paris, France @ Accor Arena

June 14 – Barcelona, Spain @ Palau Sant Jordi

June 15 –Barcelona, Spain @ Palau Sant Jordi

July 7 – Glasgow, UK @ OVO Hydro

July 8 – Glasgow, UK @ OVO Hydro

July 10 – London, UK @ The O2

July 11 – London, UK @ The O2

July 13 – London, UK @ The O2

July 14 – London, UK @ The O2

July 16 – London, UK @ The O2

July 17 – London, UK @ The O2

July 19 – Manchester, UK @ Co-op Live

July 20 – Manchester, UK @ Co-op Live

July 22 – Manchester, UK @ Co-op Live

July 23 – Manchester, UK @ Co-op Live

July 26 – Dublin, Ireland @ 3Arena

July 27 – Dublin, Ireland @ 3Arena

Longtime entrepreneur and executive Richard Stumpf has announced the launch of Hawkeye Music Publishing, a new firm that both signs active songwriters and acts as the dot connector between teams looking to sell music catalogs with their strategic partner Round Hill Music.

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Previous to his new firm Hawkeye, Stumpf found success as an executive at Imagem Music and Cherry Lane Music. More recently, he was the founder and CEO of the indie publisher of Atlas Music Publishing which guided Van Halen, Brandi Carlile, Counting Crows, Dan the Automator, Sean Garrett, Ashley Gorley, and the Al Jackson Jr. catalog (“Let’s Stay Together”) as clients. Eventually, the firm caught the attention of HYBE’s Ithaca Holdings and sold to the Korean music giant at the start of 2019. As part of the sale, Stumpf agreed to stay on as CEO until January 2021, which he did. (The rest of the original Atlas team also departed in 2021).

Since then, Stumpf has taken an advisory role, helping a number of tech companies looking to break into the music business, including Right Box and MerchCat, and lent his expertise to catalog buyers or administrators like Pythagoras Music Fund, GoldState Music and Round Hill Music.

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“What was clear to me working alongside tech and catalog companies was that there is an enormous and growing appetite for copyrights – both from a consumer and ownership perspective,” says Stumpf. “I wanted to put myself in a position where I could bring relationship driven catalog business to a home where I knew the music would be treated with the utmost respect and at the same time have a partner who could assist in administering Hawkeye, which would be dedicated to active writers. I found that strategic partner in Round Hill Music. Josh [Gruss, founder of Round Hill] and his team exemplify what it means to be a proactive partner who puts the music and writers first.”

Hawkeye Music Publsihing has not signed its first active songwriter yet, but it has already assembled a team of advisors across the music industry to, as Stumpf puts it, “provide expertise across several sectors of a constantly evolving and overlapping music space.” This list includes Ann Mincielli (Grammy-winning engineer, co-founder of She Is the Music), Gruss (founder/CEO of Round Hill), Sean Garrett (producer/songwriter), Barry Ehrmann (founder/video producer Enliven Entertainment), Brandon Young (head of music affairs, Activision Blizzard), Chris “Coach” Rodriguez (assistant program director/ dj for 107.1 The Peak) Julio Guiu (president of Clipper’s Music Group) and Amy Berkholtz (digital media Strategist).

“This advisory team shares my reverence for the songwriter and the creative process.  They are a group that fully embrace innovation,” says Stumpf. “I’m humbled and excited by their participation.”

Adds Gruss, “Rich is a real music guy with a lot of creative ideas about maximizing value for copyrights and writers.  He’s a respected industry vet that I’m happy to have working alongside Round Hill Music.  We’ve already been able to welcome Warren Haynes as a Round Hill Music client and are grateful to Rich for the introduction and endorsement.”

The staff of Pitchfork listens to a lot of new music. A lot of it. On any given day our writers, editors, and contributors go through an imposing number of new releases, giving recommendations to each other and discovering new favorites along the way. Each Monday, with our Pitchfork Selects playlist, we’re sharing what our writers are playing obsessively and highlighting some of the Pitchfork staff’s favorite new music. The playlist is a grab-bag of tracks: Its only guiding principle is that these are the songs you’d gladly send to a friend.This week’s Pitchfork Selects playlist features Sabrina Carpenter, Nilüfer Yanya, Tems, Porter Robinson, Gel, and more. Listen below and follow our playlists on Apple Music and Spotify. (Pitchfork earns a commission from purchases made through affiliate links on our site.)Pitchfork Selects: April 29, 2024Nilüfer Yanya: “Like I Say (I Runaway)”AyooLii / Polo Perks / FearDorian: “Ricky Eats Acid” [ft. Teen Suicide]Porter Robinson: “Knock Yourself Out XD”Sabrina Carpenter: “Espresso”Tems: “Love Me JeJe”Kara Jackson: “Right, Wrong or Ready”03 Greedo / Maxo Kream: “R.I.C.O.”Maldy / Ángel Dior: “Pila D Cuero”Niontay / RealYungPhil / Surf Gang: “Halftones”Gel: “Mirage”

Blackstone saw Concord’s most recent offer of $1.25 per share to acquire Hipgnosis Songs Fund and raised it a nickel to $1.30 on Monday, potentially putting a capper on a back-and-forth bidding war for the music rights company’s assets.
In a joint announcement, HSF and Blackstone said the board of directors of both companies approved of the revised all-cash acquisition of Hipgnosis’s assets at a value of nearly $1.6 billion, up from Concord’s most recent bid that valued the company at around $1.51 billion.

The new price reflects a 48.1% premium over HSF’s closing share price on April 17, the day before Concord’s initial offer became public. Any offer will require the support of investors representing at least 75% of the company’s public shares at a court meeting expected to be held on June 10; until that date, additional new offers may still be lodged.

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Blackstone’s official bid arrives a week after the private equity giant made what it called a “possible offer” of $1.24 per share, or roughly $1.5 billion, on April 22. HSF’s board of directors signaled that they would support that bid if it was made official, however two days later (April 24) Concord raised their bid by one penny and the board reversed and unanimously recommended shareholders approve the Concord bid.

With Blackstone upping the bid by $0.05, the board now says that “after careful consideration” the revised bid “represents a superior offer for Hipgnosis shareholders” compared to Concord — and now will recommend shareholders to access the new terms.

“The Board is pleased to unanimously recommend this [offer] for Hipgnosis from Blackstone,” said Hipgnosis chair Robert Naylor. “Since we started our strategic review, we have been clearly focused on looking at all the options to deliver shareholder value. We are delighted that, following competitive interests in acquiring Hipgnosis, our investors now have a chance to immediately realise their holding at an increased premium.”

The London-listed fund owns rights to songs by Neil Young, Journey, Lindsey Buckingham, Red Hot Chili Peppers, Shakira, Blondie and other artists.

Hipgnosis Songs Fund’s stock price fell 6.75% on the news, from $1.35 on Friday when Concord’s bid increase pushed the stock to a 52-week high to $1.26 by 9 a.m. Monday New York time.

Blackstone is also the majority owner of Hipgnosis Songs Fund’s investment adviser, Hipgnosis Song Management (HSM), and it funds Hipgnosis Songs Capital (HSC), a private music rights fund operated with HSM that has its own portfolio of music rights from such stars as Justin Bieber and Kenny Chesney.

Two weeks after the death of their beloved collaborator producer Rico Wade, OutKast paid loving tribute to the ATL legend who died at 52 on April 13.
“The first time we met Rico [Wade] of Organized Noize, we had the ‘Scenario’ instrumental on and we just rapped damn near the whole song, non-stop,” OutKast’s André 3000 wrote in an Instagram post over the weekend. He described sitting in Goodie Mobb member Big Gipp’s truck listening to the song on a cassette player.

“We didn’t know Gipp or Rico or none of them, but Rico knew people who did beats,” Dre continued. “He said, ‘Let me hear what you got,’ so we put in the ‘Scenario’ tape and started rhyming, non-stop, back-and-forth.” The beloved duo’s debut studio album, Southernplayalisticadillacmuzik — produced by Wade and Organized Noize — was released 30 years ago Friday, the same day Wade was buried in Atlanta.

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“That day, after we rhymed, Rico saw something in us. At that time we’d both shaven off all our hair. We’d dyed our hair blonde one time: We were young and in high school, we were outcasts, you know?” André wrote. “Rico saw that, and he said, ‘These guys can really rhyme. They don’t really rhyme like people from the South.’ So he told us to come over to his house, and that’s where the dungeon is, in the basement.”

Wade is considered one of the architects of Southern rap thanks to his role as one-third of the songwriting and production team Organized Noize, whose members also included Sleepy Brown and Ray Murray. In addition to their production and songwriting on the OutKast debut, they also worked on Goodie Mob’s 1995 debut, Soul Food.

Dre’s former partner in rhyme, Big Boi, also had fond memories of working with Wade, adding, “From the beginning, Organized Noize signed us. They were our big brothers, and they did a production deal with LaFace Records. They were the sones that gave us our first shot and we been doing music with them since the beginning. Without Rico Wade… there would be no OutKast.”

The memorial featured the caption, “Thank you, Rico. We will love you forever. Rest well, brother. Until we meet again [prayer hands emoji].”

The post ended with a quote from Wade, who once said, “We got with [OutKast] when they were young. They were like 16 or 17, and they were ready for some direction… I think timing is everything. It was time for a revolution.”

Another tribute post honored the duo’s landmark debut — which included their breakout hit, “Player’s Ball” — and spotlighted pics of Wade in the studio with the pair and posing with the entire extended Dungeon Family crew.

See OutKast’s post below.