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As demand for concerts appears strong heading into the busy summer months, Live Nation led nearly all music stocks this week by jumping 7.7% to $148.87. On Friday (June 20), the concert gian surpassed $150 per share for the first time since Feb. 25, and its intraday high of $150.81 was roughly $7 below its all-time high of $157.49 set on Feb. 24.  Earlier in the week, Goldman Sachs increased its price target on the stock to $162 from $157, implying Live Nation shares have an 8.8% upside from Friday’s closing price.
The 20-company Billboard Global Music Index (BGMI), which tracks the value of public music companies, finished the week ended June 20 down 2.4% to 2,853.13, its second consecutive weekly decline after nine straight gains. Despite large single-digit gains by Live Nation, MSG Entertainment and SM Entertainment, the index was pulled down due to losses by its two largest components: Spotify and Universal Music Group (UMG). The week’s decline lowered the BGMI’s year-to-date gain to 34.3%, though it’s still well ahead of the Nasdaq (down 0.9%) and the S&P 500 (up 0.4%) on that metric. 

Markets sagged in the latter half of the week as investors expressed concerns about tensions in the Middle East and thepotential impacts on global oil supplies and gas prices. The tech-heavy Nasdaq finished the week up 0.2% to 19,447.41 while the S&P 500 fell 0.2% to 5,976.97. In the U.K., the FTSE 100 dropped 0.9% to 8,774.65. South Korea’s KOSPI composite index jumped 4.4% and China’s SSE Composite Index dipped 0.5%. 

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New York-based live entertainment company MSG Entertainment rose 5.6% to $38.44, bringing its year-to-date gain to 7.1%. Elsewhere, SM Entertainment stock saw a 4.5% improvement, taking its 2025 gain to 90.4% — the best amongst music stocks save for Netease Cloud Music, which has seen a 111.2% year-to-date gain.

With streaming stocks posting the biggest gains of the year, Spotify shares reached a record high of $728.80 on Wednesday (June 18) but stumbled over the next two days and finished the week down 0.5% to $707.42. That decline took Spotify’s year-to-date gain down to 51.6%. 

UMG shares fell 4.2% to 26.73 euros, marking its largest one-week decline since falling 9.2% in the week ended April 4. At the same time, Bernstein restarted coverage of UMG shares this week. Analysts believe it’s a “best in class” music company, which “implies predictability, a capital allocation framework consistent with industry trends, and steady operating leverage,” analysts wrote. Bernstein set a 33 euro ($38.03) price target, implying 23% upside over Friday’s closing price. 

Shares of music streaming company LiveOne fell 6.5% on Friday and finished the week down 10.0% after the company released earnings results for its fiscal fourth quarter and year ended March 31. Fiscal fourth-quarter revenue fell 37.6% to $19.3 million due primarily to a decrease in Slacker revenue. For the full year, revenue slipped 3.4% to $114.4 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 18.7% to $8.9 million. 

Billboard

Billboard

Billboard

After catching up on this week’s edition of Executive Turntable — Billboard’s roundup of the latest music industry moves — be sure to explore the 2025 Pride List, spotlighting 27 influential executives making a difference.
Live Nation Entertainment announced that former Liberty CEO Greg Maffei retired from its board of directors, effective following the company’s annual meeting of stockholders on June 12. During the meeting, 11 director nominees were elected to serve one-year terms, according to a filing with the SEC. Notably, directors elected include Maverick Carter, Jimmy Iovine, Rich Paul and LN CEO Michael Rapino. Missing from the list: Kennedy Center director and Trump ally Richard Grenell, who was very recently announced as joining the board. (Live Nation has not responded to requests for comment.) Voting showed strong support for most nominees, though board chair Randall Mays of Mays Family Enterprises and Chad Hollingsworth of Liberty Media received more opposition. Shareholders also approved an advisory resolution supporting the company’s executive compensation (159.8 million votes in favor and 56.7 million against) and ratified Ernst & Young LLP as the independent auditor for fiscal year 2025.

Believe named Romain Becker as chief product of operations and marketing services officer, unifying core functions to enhance its global support for independent artists and labels. Previously president of label and artist solutions, Becker brings over 15 years of experience in music and tech, including roles at Believe and YouTube’s music partnerships team at Google. Based in Paris, Becker has led distribution and marketing across 50-plus territories and will now oversee product, operations, and marketing services to strengthen Believe’s global capabilities. “Romain is the perfect candidate to connect product, operations and marketing services at Believe,” glowed Believe founder and CEO Denis Ladegaillrie. “With his extensive experience and strategic vision, I am confident that he will drive innovation across our services and help further elevate Believe’s position as a leader in artist and label development globally.”

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Kyle Loftus is the new president of Independent Artist Group (IAG), the agency formed from the 2023 merger of APA and AGI. Announced by CEO Jim Osborne, Loftus also joins the firm’s board of directors. Starting as an intern 16 years ago, he rose through the ranks to partner and eventually to executive vp and head of content development. In his new role, Loftus will continue leading key departments including Motion Picture and TV literature, alternative TV, media rights and publishing, while expanding his leadership agency-wide. He represents major clients like 50 Cent and Mary J. Blige, as well as several showrunners for hits like Ted Lasso and Gran Torino, and has helped develop production companies for stars such as Gary Oldman and Taraji P. Henson. “This company believed in me from day one, and I have so many amazing colleagues, mentors, clients and friends to thank — most importantly, my partner and friend Jim Osborne, who has been an unwavering champion,” Loftus said. “We have a fantastic team at IAG, and I am proud to step into this role, lend my support and expertise across the agency and continue amplifying the IAG story by championing the growth of our exceptionally talented clients.”

The Core Entertainment hired Kate Bowling as director of creative, where she will lead visual branding and creative direction across The Core Entertainment, overseeing photo shoots, music videos, digital content and long-term creative strategy. The Core Entertainment’s clients include Bailey Zimmerman, Nate Smith, Josh Ross, Hannah McFarland and Nickelback. Bowling joins The Core Entertainment from Warner Music Nashville, where she served as a multimedia designer. –Jessica Nicholson

Prescription Songs promoted Nick Guilmette to senior director of A&R. Based in Los Angeles, Guilmette has signed diverse talents, including songwriter Charli (Tinashe, LE SSERAFIM), producer Cooper Holzman (Mon Rovîa) and Korean-American songwriter EJAE during his three years at Prescription. He also works with artists like Ryan Ogren, Chloe Angelides, and lil aaron. Formerly general manager at Ozone Entertainment, Guilmette began his music career supporting Brockhampton in high school. Head of A&R Rhea Pasricha praised his leadership, saying, “Nick embodies exactly what we strive to accomplish here at Prescription Songs with his creative energy, boundary-pushing ideas, and genuine passion he has while working across the roster.”

444 Sounds appointed Libby Kallins as its new marketing director. Based in New York City, Kallins brings experience from her previous roles at Armada Music and Arista Records/Sony Music, where she focused on marketing, partnerships, and artist development. At Armada, she led U.S. marketing strategies and artist development for acts such as Armin van Buuren, Lilly Palmer and D.O.D, and helped organize the Armada Label Residency with Peloton. She also played a key role in catalog marketing for influential dance labels like King Street Sounds and KMS Records. In addition to her professional work, Kallins actively supports industry advocacy initiatives, including She Is The Music and Support Women DJs.

WME appointed Laura Ruiz as an agent in its contemporary music department, focusing on electronic music. Based in London, she’ll oversee the agency’s electronic music business in Spain and Portugal. Ruiz brings clients including Oguz, Joyhauser, Don Woezik, Diøn and Milo Spykers. “This appointment further strengthens WME’s commitment to the global electronic music sector, building on a foundation of strategic talent development and market-specific leadership,” the company said. Previously, Ruiz was managing director at The Bliss Office, leading operations across the Americas and representing top talent. She also founded her own agency and worked at The Bullitt Agency in Barcelona, gaining experience across European and American markets.

Musicians On Call, which brings live music to hospitals, expanded its team with nine new hires across various departments. New leadership includes Hailey Gilleland as director of development and Kathryn Bennett as director of individual giving, both bringing extensive experience in fundraising and donor engagement. Katie Trent joins as development coordinator, while Danys Coronel steps in as digital content manager, overseeing MOC’s digital presence and campaigns. Christopher Anthony, with a background in television, is now PR & talent coordinator, managing artist and media relations. Emiley Roye, Abby Tannler and Ella Hunt have been appointed as program coordinators for regions including the Northeast, Denver, Phoenix and the Mid-Southeast, bringing diverse backgrounds in healthcare, entertainment and nonprofit work. Delaney McBride joins as executive assistant to president and CEO Pete Griffin, who said, “The diverse experiences and fresh perspectives they bring will be instrumental as we grow our reach, expand our fundraising, and strengthen our programs across the country.”

Worldwide Entertainment Group (WEG) named Bruce Wheeler as president of its new Live Performance Group. Wheeler, a seasoned executive in live entertainment, has held leadership roles at Central Park SummerStage, The Capitol Theatre and The Beacon Theatre. In his new position, he will oversee WEG’s festivals, tours, corporate events and other live properties while collaborating with the Talent Management and Licensed Merchandise divisions. Reporting to WEG President Dave Lory, Wheeler is tasked with driving innovation and growth in the live sector. “Bruce is the ultimate professional and his experience in running live events and maximizing every aspect of the live event experience will be an incredible addition as we build the Worldwide Entertainment Group,” said Lory.

STURDY., a Los Angeles-based creative studio, announced a major expansion of its brand and experiential division, complete with a new leadership team: Nico Poalillo as director of development, Rikke Heinecke as director of production and development, and Myron Batsa as director of experiential. STURDY. has also partnered with VICE Media’s Pulse Films to enhance its production capabilities and global reach. This collaboration debuted with a high-profile activation at the 2025 Miami Grand Prix, featuring major brands like Apple and Formula 1. STURDY. now offers expanded services across production, media and social strategy. Heinecke has led production teams at major companies like Warner Music Group and ViacomCBS, while also playing key roles in launching and scaling several innovative production startups. Batsa has held senior positions at VICE Media and Insomniac Events, where he partnered with leading brands such as Live Nation, Festival Republic, and Tao Group. Meanwhile, Poalillo’s creative career includes work with global brands like GM and Nike, and top agencies including Leo Burnett, Doner, McCann, Pulse Films and VICE.

Last Week’s Turntable: Triples Is Best at BMI

President Donald Trump on Thursday (June 19) signed an executive order to keep TikTok running in the U.S. for another 90 days to give his administration more time to broker a deal to bring the social media platform under American ownership.
Trump disclosed the executive order on the Truth Social platform Thursday morning.

“As he has said many times, President Trump does not want TikTok to go dark. This extension will last 90 days, which the administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure,” White House press secretary Karoline Leavitt said in a statement on Tuesday.

It is the third time Trump has extended the deadline. The first one was through an executive order on Jan. 20, his first day in office, after the platform went dark briefly when a national ban — approved by Congress and upheld by the U.S. Supreme Court — took effect. The second was in April when White House officials believed they were nearing a deal to spin off TikTok into a new company with U.S. ownership that fell apart after China backed out following Trump’s tariff announcement.

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It is not clear how many times Trump can — or will — keep extending the ban as the government continues to try to negotiate a deal for TikTok, which is owned by China’s ByteDance. While there is no clear legal basis for the extensions, so far there have been no legal challenges to fight them. Trump has amassed more than 15 million followers on TikTok since he joined last year, and he has credited the trendsetting platform with helping him gain traction among young voters. He said in January that he has a “warm spot for TikTok.”

“We are grateful for President Trump’s leadership and support in ensuring that TikTok continues to be available for more than 170 million American users and 7.5 million U.S. businesses that rely on the platform as we continue to work with Vice President Vance’s Office,” the company said in a statement.

As the extensions continue, it appears less and less likely that TikTok will be banned in the U.S. any time soon. The decision to keep TikTok alive through an executive order has received some scrutiny, but it has not faced a legal challenge in court — unlike many of Trump’s other executive orders.

Jeremy Goldman, analyst at Emarketer, called TikTok’s U.S situation a “deadline purgatory.”

The whole thing “is starting to feel less like a ticking clock and more like a looped ringtone. This political Groundhog Day is starting to resemble the debt ceiling drama: a recurring threat with no real resolution.”

That’s not stopping TikTok from pushing forward with its platform, Forrester analyst Kelsey Chickering says.

“TikTok’s behavior also indicates they’re confident in their future, as they rolled out new AI video tools at Cannes this week,” Chickering notes. “Smaller players, like Snap, will try to steal share during this ‘uncertain time,’ but they will not succeed because this next round for TikTok isn’t uncertain at all.”

For now, TikTok continues to function for its 170 million users in the U.S., and tech giants Apple, Google and Oracle were persuaded to continue to offer and support the app, on the promise that Trump’s Justice Department would not use the law to seek potentially steep fines against them.

Americans are even more closely divided on what to do about TikTok than they were two years ago.

A recent Pew Research Center survey found that about one-third of Americans said they supported a TikTok ban, down from 50% in March 2023. Roughly one-third said they would oppose a ban, and a similar percentage said they weren’t sure.

Among those who said they supported banning the social media platform, about 8 in 10 cited concerns over users’ data security being at risk as a major factor in their decision, according to the report.

Democratic Sen. Mark Warner of Virginia, vice chair of the Senate Intelligence Committee, said the Trump administration is once again “flouting the law and ignoring its own national security findings about the risks” posed by a China-controlled TikTok.

“An executive order can’t sidestep the law, but that’s exactly what the president is trying to do,” Warner added.

Like any good Swifties, Emily and Jamie Dryburgh keep finding connections between themselves and the biggest pop star in the world. As the twin sisters chat with Billboard over Zoom from their Nashville office, they rattle off a list of things they have in common with Taylor Swift: They are the same age, they’re ­enterprising professionals in the music industry, and their office in Nashville’s Midtown happens to be right across the street from Swift’s apartment.
That literal proximity to Swift is fitting, the 34-year-olds say, considering how she helped inspire them to pursue their careers. “The first time I heard a Taylor Swift song — as obvious and cliché as it is — I realized that she was not only writing her own songs but that she was a businesswoman,” Jamie recalls. “We were like, ‘There’s this girl out there who is our age, who feels like someone [we] would hang out with, and she’s doing it.’ It feels like she opened all these doors and all these opportunities for us.”

As the co-founders and co-CEOs of Young Music City, the leading Nashville media and lifestyle LLC focused on the LGBTQ+ community, the Dryburghs, much like Swift herself, also believe in doing work with a centralized purpose. What started as a music blog in 2016 has blossomed into a coterie of entertainment brands — including the RNBW Queer Music Collective, Country Proud and Girlcrush — advocating for greater representation of and visibility for LGBTQ+ members of Nashville’s music scene by promoting events and curating stages exclusively by and for queer people.

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The pair’s efforts have worked wonders for queer singer-songwriters like Adam Mac, who attended some of Young Music City’s earliest showcases as an aspiring country artist. “When I first moved here, the only visual I had of a path that a queer person could have in country music was Shane McAnally,” Mac says of the acclaimed songwriter. “I think Emily and Jamie really did lay the groundwork for feeding my confidence to say, ‘No, you can keep going.’ ”

Born and raised in the upstate New York city of Elmira, the Dryburgh sisters say they dreamed of moving out of the frigid Northeast to find their passion in the warmer Southern states. Applying to colleges in the South “behind our mom’s back,” they ended up moving to South Carolina to attend Coastal Carolina University in 2009. Once there, they started traveling all around the South, attending concerts and festivals across genres and falling even more in love with music.

Where other fans might try and meet the headliners before their festival sets, the Dryburghs instead chatted up tour managers and assistants, learning how the industry worked in the process. “We’d hang out with them and hear their stories, and they would be like, ‘Hey, you guys need to go be in the music industry,’ ” Emily recalls.

Jamie Dryburgh

Emily Dorio

The duo took their advice, moving to Nashville and transferring to Belmont University’s music business program in 2011. Upon graduating in 2013 — “on Taylor Swift’s birthday,” Jamie points out — they began working in as many different sectors of the industry as they could. Whether interning at small, independent record labels, directing A&R for boutique publishing houses or managing artists nominated by the Country Music Association (CMA) like Joshua Scott Jones, the Dryburghs sought to learn as much as possible through hands-on experience.

Along with that experience came some big personal realizations. Shortly after graduating from Belmont, Emily and Jamie both came out — and, in short order, noticed they identified with few others in the Nashville music scene.

Emily remembers a conversation with her boss at the now-closed publishing house Anchor Down Entertainment, where she worked as an intern shortly after graduating from Belmont. “I was like, ‘I have to tell you something and you might fire me, but I just need to let you know that I’m gay,’ ” she says. “[My boss] was super supportive and just started naming people: Shane McAnally, Brandy Clark, all these high-level people that were queer. We had no clue because there were no spaces for us.”

The longer the Dryburghs spent in Nashville, the more they saw how few opportunities queer artists had. So they took action. In 2016, the two transformed their old blog, Twin Love (“It’s so embarrassing,” Jamie says with a laugh, “it was the sh-ttiest blog”), into Young Music City, a fledgling media organization complete with a YouTube channel and Spotify playlist intended to give bubbling-under artists — many of whom identified as queer — a platform to share their music with a wider audience. “We had newsletters, we had filmed performances, we had all this stuff. We were just covering these bases before things like TikTok happened,” Emily says.

But the Dryburghs found their biggest success with the first subsidiary they launched from Young Music City, the RNBW Queer Music Collective. When they saw a friend perform at an open-mic event titled Big Gay Showcase, they were surprised by the sheer number of people who attended. So Emily and Jamie decided to try their hand at creating communal spaces for queer artists, scheduling monthly RNBW showcases at Tribe, a well-known Nashville gay bar.

“We’d pack the house, but there were only about 15 active, out artists who would come and perform,” Jamie says. After three years of staging their events, the pandemic hit. The sisters figured that their monthly showcase was over for good.

Emily Dryburgh

Emily Dorio

As they tell it, the opposite turned out to be true. During the course of the pandemic, as the Dryburghs scheduled livestreamed showcases for queer artists, they watched their online following grow as more talent started submitting themselves to be featured on the platform. The community that they had been seeking finally materialized. Once public-gathering restrictions were lifted in May 2021, the Dryburghs started booking weekly RNBW showcases at The Lipstick Lounge in Nashville’s East End with smashing success.

“Post-pandemic, a lot of people found themselves, came to Nashville, and there is now this huge world there that was not there before. We [are] easily booking six different artists for every show,” Emily says. “At this point, we’ve had almost 3,000 queer artists come through. It’s been amazing.”

Mac, who befriended the Dryburghs when he first moved to Nashville in 2012, says he has witnessed a shift in the city’s queer music scene — one he attributes, at least in part, to the work that the sisters put into creating a welcoming space. “Before RNBW, there was no place [in Nashville] for creative queers to come together and have a space to share,” he says. “It was so crucial for all of us.”

Having created their own community, the Dryburghs then set out to enlarge that space. As they built relationships around town with LGBTQ+ organizations like Nashville Pride and set up bigger stages for holding their events, they saw an opportunity. When the now-closed entertainment site Nash News approached them about putting on a country-focused concert in summer 2022, they realized that the proposed dates fell during the four days of CMA Fest. The festival was already announced and only two weeks away, but the Dryburghs took their shot, emailing their CMA and CMT contacts to see what was possible.

“We heard back from both of them within the day,” Jamie recalls. Soon, the Dryburghs were hopping on Zoom calls with executives from both organizations, pitching them on CMA Fest’s first Pride-themed stage. When asked whom they could feature there with such little lead time, they pointed to the now-vast catalog of artists they’d worked with through RNBW.

Within a few meetings, they had successfully created Country Proud, the first-ever queer-focused event at a U.S. country music festival. “The audience response was massive — a lot of people who didn’t know what [Country Proud] was still came through because we were able to bring in such great talent,” Emily says.

The show’s debut in 2022 was such a success that, in subsequent years, CMA Fest promoted Country Proud from a sponsored activation to its own main stages, bringing in artists like Brooke Eden, Angie K, Shelly Fairchild and Mac, who remembers going from local showcases to his first crowd of thousands thanks to Emily and Jamie’s advocacy. “They got me my first major stage at CMA Fest,” he says. “To see where all of this started to where it’s at now has been a privilege.”

Emily (left) and Jamie Dryburgh photographed on May 28, 2025 at The Fallyn in Nashville.

Emily Dorio

But 2025 marks the first year since the Dryburghs helped make history with Country Proud that CMA Fest won’t feature the event they created — a fact that they attribute, in part, to political pressures to reduce inclusive programming like Country Proud. “We anticipated it might be weird this year,” Emily says with a sigh.

But the sisters are taking this difficult news in stride. After all, they point out, Young Music City started with grassroots organizing. “When these partners can’t come in and when there’s things that are against their control, that’s where our work comes back in,” Emily says. “If no one else is going to do it, then it has to be us. We can put on a show with our eyes closed at this point, so when organizations back out, it’s important to say, ‘OK, we’re stepping in.’ ”

Jamie also says the music industry should take note of what has happened when major businesses have cut their diversity programs. As an example, she cites Target: After the retailer faced heavy criticism from right-wing activists over its 2023 Pride collection, the store rolled back many of its products supporting LGBTQ+ inclusivity for Pride Month 2024. Four days after Donald Trump’s second inauguration, the company announced it was ending its diversity, equity and inclusion programs; in the following months, its foot traffic and sales plummeted.

“It’s a losing strategy,” Jamie says of anti-­DEI efforts. “A large part of the population is somewhere in the queer community, and leaving them out doesn’t serve your business.” What might the music industry learn from these cautionary tales? “Think bigger than just today or tomorrow. Think about years down the road,” she suggests. “This is a much bigger conversation than just your bottom line.”

After growing Young Music City from a small online blog into one of the most active LGBTQ+ music organizations in Nashville, the Dryburghs are now looking at how to take their talents national. Emily lists just a few of their long-term goals, like opening an inclusive venue in Nashville or organizing a RNBW Queer Music Collective national tour.

And all the while, they will remain committed to creating connections for queer artists in need of support. “We’ve had artists like Kelsea Ballerini and JoJo and Julien Baker in the audience at RNBW shows,” Emily says. “Our artists have met co-writers through these shows, met their spouses through these shows, and they keep coming because they know that this is a place where they can come and it’s safe.”

The sisters smile at each other. “That’s the ultimate goal,” Jamie says. “Just making our home a safer place.”

This story appears in the June 21, 2025, issue of Billboard.

President Donald Trump is set to sign an executive order this week extending the deadline for TikTok’s Chinese parent company to divest the popular video-sharing app, marking the third such extension. The move comes after a previous 75-day reprieve granted in April, which aimed to keep TikTok operational in the U.S. while a potential sale […]

Brazilian sertanejo artist Gustavo Mioto signed with WME, which will focus on expanding his reach in Latin and North American markets. Over his career, the singer-songwriter has released nine albums and collaborated with Anitta, Jorge & Mateus, Fabio Jr. and more.
Tuscaloosa, Ala., band Gideon signed with Sumerian Records, which released the group’s latest single, “Til the Wheels Fall Off.” Gideon has several festival dates coming up, including at Vans Warped Tour, Louder Than Life and the New England Metal & Hardcore Fest.

Ty Herndon signed a three-album deal with Club44 Records. He just released a new version of his 1995 hit “What Mattered Most” as a duet with LeAnn Rimes. Herndon is also set to release the upcoming album Thirty, which will celebrate his three decades in country music. — Jessica Nicholson

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Country singer-songwriter Jenna Davis signed with UTA for touring. She will be repped at the agency by Jeffrey Hasson and Lauren Holland. Davis is set to release her debut album, Where Did That Girl Go?, via SMACKRecords on June 27.

Los Angeles-based artist management company MLennial signed American DJ and producer GorillaT. This year, the rising artist is set to play Bonnaroo, Electric Forest, Los Lands and more.

Chinese rapper jackzebra signed to SURF GANG Records, the evilgiane-led artist collective and record label based in New York. Jackzebra recently released Above & Beyond, a 34-track tape written during a visit to the U.S. SURF GANG recently released his new single, “Givenchy,” with evilgiane.

Big Machine Records signed country singer-songwriter Cole Goodwin. His first song for the label, “Girlfriend’s Got a Boyfriend,” was released on Friday (June 13). He’s slated to open select dates on Luke Bryan’s summer tour.

Indianapolis, Ind., “fake emo” band Summerbruise signed to SideOneDummy Records, which released the group’s new single, “Never Bothered.” The band will play a short U.S. tour this summer.

Booking agency Main Attraction Management added bluegrass artist Caroline Owens to its roster. Owens’s most recent single, “You’ve Still Got It,” has gained traction on SiriusXM’s Bluegrass Junction, while Owens has garnered nominations from the International Bluegrass Music Association (IBMA) and the Society for the Preservation of Bluegrass Music of America (SPBGMA). She’s signed with Billy Blue Records and Billy Blue Publishing, and is repped by Jules Wortman of Wortman Works Media & Marketing, who serves as both manager and head of public relations. — Jessica Nicholson

Electronic dance music may have been born in America, emerging from the disco dancefloors of 1970s New York, the house hotbed of ’80s Chicago, and the techno frontier of ’80s Detroit, but it initially found a more receptive audience abroad. While the U.S. largely relegated it to the underground, Europe and Latin America embraced it wholesale, building ecosystems of clubs, festivals and media that treated dance as a cultural fixture.
Billboard launched its first “Disco Action” dance charts in the ‘70s and built a legacy of covering dance music well before the digital era, thanks to talented journalists like Larry Flick, Michael Paoletta and Brian Chin. When I joined Billboard in 2014, the genre lived in a column called CODE, with sharp contributing voices like Kerri Mason and Zel McCarthy keeping the beat alive.

Dance music was exploding in popularity in America, but the legacy media hadn’t entirely caught up. While Rolling Stone and SPIN gave deadmau5 and Skrillex cover stories during the early EDM boom of 2011–2012 and Billboard dedicated three cover stories to the genre’s explosion throughout 2012, most top-tier U.S. music publications weren’t offering dedicated coverage of the genre. Meanwhile, in Europe, outlets like Mixmag, Resident Advisor and DJ Mag were deeply embedded in the scene, offering both depth and consistency that was largely absent in the American press.

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As a result, the scene relied on a network of scrappy music blogs with their ear to the ground and finger on the pulse. Social media was reshaping the ecosystem. Artists were breaking online before they ever hit radio, and the direct line to fans was turning DJs into stars. At the same time, the democratization of digital tools gave rise to a new generation of bedroom producers, making tracks on laptops that could suddenly reach millions.

I was living in Berlin when Kerri gave me the opportunity to start freelancing for Billboard in 2014. My first feature was on a then-unknown kid named Kygo, before he’d ever played outside his native Norway. Soon after, I was covering European festivals like Tomorrowland and Sónar, and the doors that opened for Billboard made it clear we had a rare window to build something meaningful.

Feeling the winds of destiny at my back, I moved back to New York and delivered a 10-page proposal for a Billboard Dance vertical. Looking back, I probably could have been more concise. Nothing happens overnight at a legacy media brand, and this was no exception. I’ll always be grateful to Tye Comer and Mike Bruno for championing my vision and helping win over the higher-ups to get it approved.

When we announced Billboard Dance’s launch in 2015, the industry welcomed it as a much-needed step forward in the scene’s stateside maturation. One piece of feedback I often heard was that my hiring felt like the passing of a generational torch. I was seen as part of the blog-era generation, close in age to many of the artists we were covering and trusted by the community that had championed them early on. As a DJ and producer myself, I could speak their language and recognize the difference between innovative production and recycled presets when deciding which artists to spotlight.

With full-time focus, dedicated resources and standalone social channels, Billboard Dance’s coverage could expand beyond the charts and into the culture. These additions were buoyed by the launch of the Hot Dance/Electronic chart in 2013, with the team recognizing and responding to the genre’s explosion. The additions of passionate contributors like Dave Rishty and Kat Bein helped our lean team punch above its weight class and go toe-to-toe with much larger outlets.

We built a reputation for curation, spotlighting artists like Martin Garrix, Alison Wonderland and Black Coffee long before they became headliners. As a new wave of artists climbed the Billboard Hot 100, we put faces to the movement — The Chainsmokers and Marshmello as crossover juggernauts, Diplo and DJ Snake as global tastemakers, REZZ and TOKiMONSTA as rising voices from the underground — and gave them the covers they deserved.

It’s been really heartening to see Billboard Dance continue to thrive under Katie Bain’s leadership since she took over in June of 2019. She’s brought thoughtful editorial vision and a clear sense of where the scene is headed, helping the brand remain relevant for a new generation of dance music fans.  The Launch   Launching it as “Billboard Dance” was a victory in itself. At the time, there were some who pushed for “Billboard EDM,” but we held the line. History has smiled on that decision, as the term “EDM” has become synonymous with a very specific (and often reviled) subset of the genre, while “Dance” gave us the latitude to reflect the full spectrum of global, cross-genre electronic music. I remember getting coffee with Dutch house and techno DJ/producer Joris Voorn during one Amsterdam Dance Event, and he thanked me for using the term “dance,” saying it showed the broader scene was finally being taken seriously by American media. “With all due respect,” he quipped. “We wouldn’t be sitting here right now if you were Billboard EDM.”

It illustrated the rift that existed between mainstream dance music and the underground at the time, a divide I addressed in an early op-ed. We made a concerted effort to bridge that gap, spotlighting house and techno artists like Jamie Jones, Guy Gerber and Damian Lazarus with their first Billboard features through our “The Dance World According to“ series.

Shortly after we launched Billboard Dance, dance music entered a generational run of pop chart crossovers. In 2015, Major Lazer and DJ Snake’s “Lean On” debuted at No. 4 on the Hot 100, while Skrillex and Diplo’s “Where Are Ü Now” peaked at No. 8 and helped resurrect Justin Bieber’s career. The following year ushered in an unprecedented streak for The Chainsmokers, who landed five top-ten hits with “Roses” (No. 6), “Don’t Let Me Down” (No. 3), “Closer” (No. 1), “Paris” (No. 6) and “Something Just Like This” (No. 3). Some of the old rock heads at the publication still didn’t respect dance music, but they could no longer deny its relevance.

The cover stories always felt especially meaningful because dance music has long carried a bit of an underdog complex. The Marshmello cover in March 2018 was a standout. It was the masked artist’s first-ever interview and a testament to the trust we’d built by covering his rise from the start. Scarcely three years earlier, we’d published the first-ever photo of him wearing his now-iconic helmet — a true full-circle moment. In that short span, he had gone from a total unknown to a global hitmaker, and just a few months later, he would release his biggest hit to date, “Happier” (No. 2).

April 20, 2018, is a day I’ll never forget. Billboard broke the news of Avicii’s passing, sending shockwaves of grief and disbelief through the music world. I remember having to compose myself before stepping into a whirlwind of media appearances — Good Morning America, CBS, Reuters, The New York Times‘Popcast and more. It felt surreal, and honestly uncomfortable, to speak publicly so soon after his death. But in the days that followed, several people close to Tim reached out to express appreciation for how his story was told.

Looking back, I do think his loss changed the trajectory of dance music. As I wrote in his Billboard obituary five days later, Avicii’s loss marked the end of innocence for the scene. It forced the industry to confront the toll of nonstop touring and the elephant in the room: mental health. Conversations that had long been avoided were suddenly impossible to ignore.

Launching the Billboard Dance 100 in 2018 was a milestone. We became the first publication to secure full touring data from every major booking agency, going beyond hard ticket sales to deliver the most accurate snapshot of the global dance/electronic touring landscape and inform the rankings. But the most powerful statistic, in my view, was the 180,000 fan votes from 174 countries. That overwhelming response opened eyes both inside and outside the publication to the truly global reach of dance music’s fanbase.

Taking Billboard Dance from URL to IRL with the Dance 100 events at 1 Hotel South Beach during Miami Music Week marked a defining moment for the brand. In an industry built on live music and real-world connection, these events made it real. Everyone from Armin van Buuren and Nicky Romero to Marshmello’s manager, Moe Shalizi, and Goldman Sachs CEO David Solomon came through to celebrate. Having Afrojack and Arty on the decks didn’t hurt either. 

Afrojack

World Red Eye/Courtesy of Matt Medved 

Dance Music’s Continued Evolution

One encouraging shift over the years is that the music industry has finally accepted that dance music is here to stay. I remember having to answer the same question ad nauseum in our early Billboard meetings: “When will the EDM bubble burst?”

A decade later, the numbers speak for themselves. According to the 2025 IMS Business Report, the global electronic music industry has reached a record value of $12.9 billion, marking a staggering 87% increase since Billboard Dance’s 2015 birth. That growth hasn’t come in a straight line. The industry was rocked by COVID, losing more than half its value in 2020 as festivals were canceled, clubs shuttered and touring ground to a halt. But the rebound has been swift and striking: a 34% surge in 2022, followed by another 17% climb in 2023.

When we launched Billboard Dance, TikTok didn’t exist. Soundcloud was still the first stop for discovery, and Spotify was just beginning to shift listening habits. Virality hinged on Hype Machine chart-toppers, not sped-up remix snippets blowing up overnight.

Today, discovery in dance music is a different beast. Spotify playlists are kingmakers, with premier placements critical to breaking a track. Social media has become the frontline where most listeners first encounter a song. A 20-second drop can ignite a worldwide trend. Keinemusik’s “Move” went parabolic even before its official release, buoyed by a wave of Instagram reels and TikTok edits that turned a live set highlight into a global hit. Viral Boiler Room sets have been career-making moments for artists like Fred again.. and Yousuke Yukimatsu. Tracks are breaking as much through content as they are through clubs.

Sonically, dance music has evolved significantly. The formulaic big-room drops that dominated the EDM era have given way to a broader, more dynamic spectrum. House and techno have taken over festival stages with a new generation of headliners like John Summit, Dom Dolla and Sara Landry. Of course, the real innovation remains on the side stages: in the rise of amapiano and Afro-house, the resurgence of jungle and drum and bass, and the creative cross-pollination of global sounds.

The Future

A decade after founding Billboard Dance, I believe we’re witnessing a new renaissance in dance music. Five years removed from a pandemic that shuttered the touring industry, we’re experiencing a boom driven by pent-up demand. From vinyl to CD-Js to digital, technology has always driven dance music forward, and today’s tools are accelerating that evolution.

One trend to watch is the rise of immersive audiovisual experiences. Just as modern dance music empowered producers to step out from behind the scenes and into the spotlight, we’re now seeing digital artists and audiovisual creators begin to take center stage. At Now Media, we’ve been covering the rise of Anyma long before his shows at the Sphere captured the world’s attention. Look at what Eric Prydz has done with HOLO, what Dixon is building through Transmoderna or how Max Cooper is merging sound with interactive installation art.

This movement is poised to go mainstream in a major way. Daft Punk’s pyramid set off an arms race in stage production, and I think Anyma’s Sphere shows will similarly be remembered as the spark for a new paradigm in dance music visuals.

Matt Medved 

Courtesy of Matt Medved 

The rise of AI-generated music is the biggest shift that not enough people are paying attention to. Tools like Suno and Udio can now turn a simple text prompt into a fully formed track within seconds. While we’re not quite at a Midjourney-for-music moment, the quality is improving at a remarkable pace. This is a seismic shift that’s going to impact everything from how music is made to how it’s valued. Dance music, with its reliance on repetition and structure rather than narrative or lyricism, is especially exposed. It’s a genre where AI can already mimic form convincingly, and that makes the stakes even higher for originality.

There’s disruptive creative potential here, especially for artists without access to traditional resources. Just as drum machines and DAWs once lowered the barrier to entry, AI tools are unlocking new creative workflows for electronic musicians to bring ideas to life. In my own productions, it’s been a game-changer — what used to take me weeks in the studio now takes hours. Producers can generate custom loops, build tailored sample packs on demand, create instant demos with AI vocalists, and use the tools as a dynamic sounding board to refine ideas in real time. The real value isn’t in simply pressing generate, but in how you select and shape those raw outputs into a sound that’s distinctly your own. As AI visual artist Claire Silver likes to say, “Taste is the new skill.”

But taste alone won’t be enough. Platforms are already flooded with AI-generated tracks, a relentless tide of indistinguishable output. As that volume becomes overwhelming in the years to come, the challenge shifts from production to curation. In a world where anyone can generate music instantly, listeners will gravitate toward what feels real. The artists who thrive in this new landscape will be those who can harness technology to create something meaningful and unmistakably human.  Matt Medved is the co-founder, CEO and editor-in-chief of Now Media. He previously served as the founding editor of Billboard Dance, editor-in-chief of SPIN and senior vp of content at Modern Luxury.   

Jon Dee Graham, the Austin guitarist and songwriter who played in the beloved local punk band True Believers, slipped and fell in 2021, and doctors apparently did not notice a crack in his spine. In early 2024, he had spinal surgery, and a six-month recovery period meant he could not make money from playing gigs. But the procedure didn’t take, and in April, he had another surgery, then developed an infection. Today, Graham, 66, lies in bed for hours every day, taking antibiotics every 12 hours that cause nausea and chills.
“We got a call from the IV company: ‘We need up-front payment in the thousands before we’re able to deliver the medication,’ ” says William Harries Graham, Jon Dee’s son, an architect and singer-songwriter who is overseeing his care.

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Jon Dee has Medicare, but there are crucial coverage gaps — because the hospital discharged him, according to William, insurance won’t reimburse medication and other portions of his home care. So the family turned to the most reliable backup plan available to veteran, well-known musicians: fans. Jon Dee is also a painter, and William has been offering his artwork, comics and music through a zine-like Bear Cave Dispatch in exchange for online donations. It’s working — for now. “We were able to cover those initial medical expenses,” he says.

The guitarist’s story remains bleak — sepsis recently set in — but it speaks to the blessing-and-curse health-care reality that working musicians must endure as they age. As gig-economy workers whose incomes fluctuate across decades, independent artists often find themselves with few resources for medical costs beyond those covered by the Affordable Care Act (ACA), Medicare or spouses’ employer plans. And if medical issues prevent touring, artists often have zero income. But musicians such as Jon Dee and rockers Matthew Sweet and Jesse Malin, as well as the late David Johansen and Gang of Four bassist Dave Allen, have recently tapped into loyal, generous fan bases through crowd-sourcing sites like GoFundMe and other grassroots fundraising.

At recent concerts, Gang of Four founding drummer Hugo Burnham has returned to the stage post-encore to request that fans buy merchandise to offset costs for Allen’s family. (Allen died at his home in Portland, Ore., in April at 69 after a long struggle with dementia.) “It’s no secret the cost of medical care in the U.S. is an obscenity,” says Burnham, 69, who fractured a bone in his leg during the tour but is covered through his job as a college professor. “Had he lived anywhere else, there might not have been this terrible burden on the family. We all know the stories of people who have had to rely on raising money based on the kindness of strangers — and it’s not just musicians.”

Outside of the U.S. health-care system, musicians struggling with health care costs can tap into multiple resources — but they rarely come close to providing all the costs needed for severe, long-term health issues. After Chappell Roan demanded “a livable wage and health care” for artists during her acceptance speech at the 2025 Grammy Awards, music-business experts pointed out that musicians signed to major labels could access health-insurance plans provided by the SAG-AFTRA union for premiums comparable to the ACA.

In addition, Sweet Relief provides grants for artists and others in the music industry through fundraising concerts, donations and other resources. The 31-year-old nonprofit is a “stopgap,” according to executive director Aric Steinberg. In 2023, Sweet Relief helped Malin set up an online fundraiser when the veteran punk frontman suffered a paralyzing stroke in his back. “It’s unfortunate we have to exist,” Steinberg says. “Sadly, we’re busier than ever.”

MusiCares, a 35-year-old affiliate of the Recording Academy, raises funds through high-profile events like its Grammy Week Person of the Year benefit, which has recently honored the Grateful Dead, Motown Records’ Berry Gordy Jr. and Smokey Robinson, Joni Mitchell and Aerosmith. It has provided nearly $120 million in health-care assistance to musicians and music-business workers over time, including roughly $10 million overall to 9,000 people during the past year. “It is not unlimited support,” says Theresa Wolters, MusiCares’ interim executive director/vp for health and human services. “However, it is very, very substantial.”

These limits were evident to William, who says he has reached out to MusiCares on Jon Dee’s behalf for health-care funding with “no result.” Russell Carter, Sweet’s longtime manager, adds that MusiCares contributed funds for some early medical costs, but the charity has been “just one piece in the puzzle of solving his financial woes.” (A MusiCares representative says the charity can’t comment on artists it works with. Wolters adds: “We work within the realities of our nonprofit model and our commitment to equitable support across the community. In these instances, MusiCares is one part of the solution.”)

Sweet, 60, suffered a stroke last October while touring in Toronto. After leaving an intensive-care stroke unit in a Canadian hospital, he returned to his hometown of Omaha, Neb., and has received treatment in a rehabilitation program. Although he’s improving, particularly his speech, Sweet’s main issue remains “coordination,” Carter says, and he can’t walk or play guitar or keyboard. He also has vision problems and is “generally wheelchair-bound in his home.” In addition, Sweet’s wife recently broke her leg, forcing the family to hire a full-time nurse — which is not covered through the singer’s ACA insurance or early Medicare.

Since Sweet’s stroke, his GoFundMe has raised nearly $640,000, which, Carter says, “paid for what can only be described as exorbitant medical expenses.”

Sweet and his team view the crowdfunding not as an indictment of the U.S. health-care system but a mass validation of fan loyalty and colleagues’ affection. Sweet may not currently be able to tour, but his decades of touring are paying off. “Don’t dismiss the GoFundMe,” Carter says. “It’s a vehicle for fans to contribute. These are people that would spend $35 to see Matthew if he came through town in a second, and if they can spend $35 to help Matthew — clearly, they did it, instantly. They’re willing to give back. That’s a very positive thing.”

Universal Music Group has formally notified the European Commission of its intent to acquire Downtown Music Holdings for $775 million, triggering a regulatory review. Although the deal falls below the EU’s usual thresholds for antitrust scrutiny, authorities in the Netherlands and Austria referred it to the commission, which now must decide by July 22 whether […]

On June 5, artist development went under the microscope at nonprofit ThinkLA’s annual Entertainment Brunch presented by Nextel, which hosted 450 entertainment industry professionals at the Millennium Biltmore Hotel in Los Angeles.
This year’s edition of the brunch featured a trio of panels centered around the theme “The New Era of Disruption” in music, film, TV, video games and more. During a panel titled “The Business of Music: Breaking Artists & Building Global Fandoms” moderated by Billboard deputy editor, business news Chris Eggertsen, three executives — Capitol Records vp of marketing Jessica Eason, Amazon Music head of culture amplification Ida Kay and WME senior partner/agent Keith Sarkisian — discussed the increasingly complex and multifaceted business of artist development in 2025, with examples cited from their work with artists including Doechii, Justin Timberlake and Pitbull.

Topics covered during the panel included the increasing pressure on artists to be multi-hyphenates and extend their brands into multiple arenas; the music industry’s growing emphasis on direct-to-fan interactions; the importance of data in making decisions about everything from album rollouts to tour routing; the importance of traditional media like radio and late-night TV shows in 2025; and more.

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The event featured two additional panels. The first, titled “The Business of Diversity: Why Multicultural Stories Win,” was moderated by Erika Lewis, cultural engagement & partnerships, global business marketing at TikTok, with panelists Derek Padilla-Ravega, director of media planning & strategy at Walt Disney Studios; writer/producer Migizi Pensoneua (Reservation Dogs, Alien: Earth), and Ellene V. Miles, senior vp of global intersectional marketing at Sony Pictures Entertainment.

The last panel, titled “Innovation in Marketing,” was moderated by creator/producer/actor Matt “Supes” Ramos. Panelists included Aileen Del Cid, head of global marketing & PR at Samsung TV Plus; Monica Austin, CMO of Blizzard Entertainment; and Elias Polisher, executive vp of worldwide digital marketing & data analytics at Sony Pictures Entertainment.

In addition to Nextel, the ThinkLA Entertainment Brunch was sponsored by SambaTV, JustWatch, Fandom, Tubi, Max.Live, Doing Things and Midnight Oil. The organizing committee for the brunch was led by ThinkLA executive director Don Lupo; ThinkLA event directors Brianna Brady and Mikaela Wilson; and ThinkLA’s partnership team, Linda Schwab and Grace Cuffel.

ThinkLA committee members also include co-chairs Joe Shields (co-president of ThinkLA) and Sara Yazdani (Creativ Company), along with Kim Lewis (BET), Rory O’Connor (TikTok), Matt Wolf (Audigent by Experian), Matt Weisbecker (CRO. My Code), Ashley Wandishin (World Surf League), Richard Taw (Hollywood Branded), Gregg Rubin (Goodway Group), Peter Reisner (New York Times), Allison Mellon (Fandom), Jon Margolis (Atmosphere TV), Jake Hay (PopShorts), Stephanie Delgado (LatiNation), Jason Costes (UTA), Margee Anderson (Media.net) and Danielle Klein (Doing Things).

L-R: Erika Lewis, Derek Padilla-Ravega, Migizi Pensoneua, Ellene V. Miles

Gabriel Mora

L-R: Matt “Supes” Ramos, Aileen Del Cid, Monica Austin, Elias Polisher

Gabriel Mora

ThinkLA Entertainment Brunch speakers and committee members

Gabriel Mora