State Champ Radio

by DJ Frosty

Current track

Title

Artist

Current show
blank

State Champ Radio Mix

1:00 pm 7:00 pm

Current show
blank

State Champ Radio Mix

1:00 pm 7:00 pm


Business News

Page: 103

Robert Carlton has been appointed president of SMACK, where he will now oversee all facets of the company, including its publishing, digital and management branches. Carlton will be an equity partner in the company as he takes over from outgoing SMACK president Michael McAnally Baum, who joins the ownership team alongside Robin Palmer and company […]

Late afternoon on May 15, Cameo Carlson, CEO of the management services company mtheory, took the stage at the Music Biz conference in Nashville to address a room that appeared less than half full. “This is inarguably the most important conversation that will happen at Music Biz,” she said. “And it’s unfortunate that not every registrant of this conference is here as they should be.”

The subject of the panel was the latest Music Industry Report Card from the Black Music Action Coalition (BMAC), a non-profit organization founded in 2020 to combat systemic racism in the music business. Inside the JW Marriott in Nashville, Naima Cochrane, who authored the latest report, talked attendees through its findings. BMAC had printed enough copies of the 41-page document to place one on each seat in the large event room; as the panel wrapped, event staffers went from chair to chair, filling their arms with orphaned reports.

The underwhelming attendance that Carlson noted during her remarks would probably not have surprised more than a dozen Black executives who spoke for this article. They all expressed concern or frustration that the push for racial justice in the music business, a popular cause in 2020 and 2021, has stalled, despite the efforts of various task forces and organizations that formed across the industry in the wake of George Floyd’s murder. “All that shit is over,” one Black major-label marketing executive scoffs. “That’s the feeling industrywide.” (He and several other executives requested anonymity in order to speak candidly.)

Labels “don’t really want change,” adds Ray Daniels, a former major-label A&R executive who runs R.A.Y.D.A.R. Management and hosts The GAUDS Show podcast. “They want quiet.”

In the live-music business, BMAC noted, “Black people were systematically shut out for decades”; Mari Davies, vp of talent and booking for Live Nation Urban, told Billboard in May that there hasn’t been “enough change, enough new faces.”

Some assessments of the industry’s drive for racial equality were more restrained. Shawn “Tubby” Holiday — a longtime major-label A&R executive, BMAC co-founder and manager at Full Stop — is “disappointed there weren’t that many changes overall when it comes to minorities getting bigger positions or having bigger voices.” Still, “there was some improvement” in terms of promotions, he says. Plus “a lot of companies were willing to talk about how they can make improvements, and they were open to change.”

And BMAC co-founder/co-chair Willie “Prophet” Stiggers contends “change is showing up incrementally.” “There are real initiatives on the ground,” Stiggers says. “There are real champions inside these buildings.” He points to new projects like the Academy of Country Music’s OnRamp program, which offers a guaranteed income of $1,000 a month to 20 Black artists, as well as mentorship opportunities.

There are other efforts ongoing. Carlson was at Music Biz to discuss the Equal Access Development Program, which aims to elevate members of underrepresented communities in country music. And in 2020, the major-label groups all hired executives to aid their diversity and inclusion efforts and announced the creation of large funds — $100 million in the case of Sony Music and Warner Music Group, $25 million in the case of Universal Music Group — that would give money to organizations focused on equity and advocating for marginalized populations. (None of the labels’ diversity, equity and inclusion [DEI] leaders were available for interviews.)

Sony said last year that it has committed over $70 million to nearly 450 organizations — $30 million from Sony Music and the rest from other parts of the corporation — and close to half of those are focused on Black communities. Warner said it allotted $25.5 million in “grant commitments,” and Universal noted it has given to 270 organizations.

And yet: UMG senior vp of people experience Natoya Brown told the Music Biz audience during another panel discussion, “Diversity, Equity & Inclusion: What Now?,” that there is “fatigue” around the word “diversity.” “People,” she said, “are running away from the word.” Ryan Butler, the Recording Academy’s vp of diversity, equity & inclusion, noted on the same panel that “the amount of people losing their DEI jobs” this year seems roughly similar to the amount of hires in the field in 2020.

“People may have DEI fatigue,” Cochrane acknowledges. “But the reality is people have to be prepared to walk and chew gum at the same time. This cannot be a temporary thing.”

In addition to potential “fatigue,” Cochrane says “one of the reasons that #TheShowMustBePaused” — which was the catalyst for the work stoppage on “Blackout Tuesday,” June 2, 2020 — “had so much weight was because Black music is such a large part of the music industry.” While R&B/hip-hop remains the genre market-share leader, its share of consumption fell from 27.7% in 2021 to 26.8% in 2022, according to Luminate. If that number continues to slip, Cochrane says, “our voice becomes a little less urgent” for profit-focused companies. (A representative for the co-founders of #TheShowMustBePaused, Brianna Agyemang and Jamila Thomas, said they “weren’t available at press time.”)

A recurring concern raised by the Black executives who were interviewed was the absence of transparency and accountability when it comes to music companies’ diversity and inclusion efforts. “Labels don’t give up a lot of information,” Cochrane told the crowd at Music Biz. “You can’t get access to look at contracts. You don’t necessarily know demographic breakdowns.”

BMAC collates publicly available information, which is limited, to assemble its report. The organization also sends a survey to each music company it grades. While the questionnaire seeks additional information that’s not in the public domain, Cochrane says the response rate was low.

But even if a company receives a low grade on the report card, it doesn’t suffer a penalty unless there’s some sort of outcry. “There’s nothing that is pushing [music companies] to make systemic change within their organizations if there is no negative financial or business impact,” says one Black streaming executive.

“People need to be held accountable,” agrees David Linton, a longtime major-label executive who now serves as chairman of the Living Legends Foundation. “But how do you hold them accountable?”

Some artists and their teams are trying to build accountability into their contract negotiations. Ty Baisden, a manager and co-founder of Colture (which stands for Can Our Leverage Teach Us Real Equity), recently shopped a deal with his client Brent Faiyaz to all the majors. Faiyaz has over 700 million on-demand streams so far this year, giving him a fair amount of leverage in negotiations.

Baisden says he sent out a deal proposal including “a clause that said that for every term in his contract, Brent has to be allowed to control $2 million out of your social justice fund to invest back into the Black community.” But, he adds, “Every single major label cut that part of the deal out when they sent back the proposal.” (The R&B singer partnered with UnitedMasters instead.) “We’re in year three” since Floyd’s murder, Baisden says. “What type of progression have we seen?”

In 2020, Daniels, then senior vp of A&R at Warner Records, penned an incisive, widely circulated letter titled “Dear White Music Executives” about the many ways racism permeates the industry. Initially, he kept his identity secret. Later, he decided to come forward as the author.

Now, Daniels tells Billboard, “I wish I didn’t write the letter. I wish I didn’t stand on it. If I didn’t, my life would be coasting right now. It put a target on my back that I didn’t ask for. It felt like, ‘You cause trouble because you speak up.’” Daniels’ deal with Warner was not renewed. (The company declined to comment.)

After a beat, Daniels softens his stance. “Years from now, people tell me I’ll be happy that I wrote [the letter],” he says. “I just haven’t got there yet.”

Additional reporting by Gail Mitchell.

The Recording Academy’s aggressive efforts to boost the number of women and people of people of color at all levels of the organization, including at the very top, have borne fruit.

People of color account for fully 60% of the newly-elected board of trustees, while women account for 45%. People of color represented a majority of the board (53%) for the first time two years ago, as Billboard reported. Women then accounted for 44% of the board.

For the first time in Academy history, women are serving in the top two posts on the board concurrently. Tammy Hurt has been re-elected to serve as chair; Dr. Chelsey Green was elected vice chair.

Hurt is the third woman to serve as chair, but the first two women in that role, Leslie Ann Jones and Christine Albert, both served alongside male vice chairs. Tony Cisconti was vice chair under Jones from 1999-2001. John Poppo served as vice chair under Albert (2013-15). (Poppo subsequently served as chair from 2015-19.) Rico Love was vice chair under Hurt in her first term (2021-23).

Hurt, from the Academy’s Atlanta chapter, is “an openly out LGBTQ+ officer, a landmark for the Academy,” as the Academy’s press release puts it.

Gebre Waddell was elected secretary/treasurer, succeeding Om’Mas Keith. Albert, from the Academy’s Texas chapter, has been re-elected to serve as chair emeritus. It’s her fourth term in that role.

“I’m pleased to introduce and welcome the new national officers and trustees to our Academy family,” Harvey Mason jr., CEO of the Recording Academy, said in a statement. “This great, new group reflects our eclectic music community and will carry forward our mission of serving all music people. I look forward to working alongside this esteemed group to continue the evolution of our Academy.”

In partnership with Mason, the national officers lead the trustees and Academy senior staff to shape the mission and policies of the Academy and its affiliates. The Academy defines its mission as its “commitment to promote diversity, equity and inclusion, fight for creators’ rights, protect music people in need, preserve music’s history, and invest in its future.”

Eleven members of the 2023 –24 board of trustees are Grammy winners. J. Ivy won his first Grammy in March in the new category of best spoken word poetry album for The Poet Who Sat by the Door. Falu Shah won his first Grammy in 2022 for best children’s music album for A Colorful World.

John Legend is the current trustee with the most Grammy wins (12), followed by Angelique Kidjo (five); Yolanda Adams, Chuck Ainlay, PJ Morton and Michael Romanowski (four each); Jonathan Yip and Natalia Ramirez (two each); and Ledisi, J. Ivy and Falu Shah (one each).

Here’s more background on the four national officers:

Tammy Hurt is a drummer, music producer and television producer. She is the second person from Atlanta to hold the position. Her latest musical project, Sonic Rebel, incorporates original, genre-blurred, Dolby Atmos music beds and mashup remixes. Her boutique entertainment firm Placement Music, founded in 2010, has worked with such clients as FOX Sports, Paramount Pictures, CBS, MTV, HBO, BET, Sony, the NFL and NASCAR. Hurt was active in the campaign that led to the passage of the Georgia Music Investment Act, the state’s first standalone music tax incentive.

Dr. Chelsey Green is a multi-instrumentalist, vocalist, entrepreneur, and educator. Dr. Green and her ensemble, Chelsey Green and The Green Project, have released five studio projects, one of which (The Green Room) debuted and peaked at No. 22 on Billboard’s Contemporary Jazz Albums chart in October 2014. Green performs concerts, music festivals and educational workshops around the world. Committed to music education, advocacy and youth arts access, Dr. Green is an associate professor at Berklee College of Music and also serves as a member of the Program Council of NewMusicUSA.

Gebre Waddell is a tech entrepreneur, mastering engineer, and published author. As CEO and co-founder of Sound Credit, he played a key role in the creation and growth of the platform, driving innovation in the field of music fintech and credits. With more than 20 years of experience as a professional mastering engineer, he has made contributions to works of prominent artists such as Ministry, Public Enemy, Lil Wayne and Rick Ross. In 2013, his book Complete Audio Mastering was published by McGraw-Hill Professional,

Christine Albert is an independent recording artist and founder/CEO of Swan Songs, an Austin, Tex.-based nonprofit that fulfills musical last wishes. She has released 12 independent albums as a solo artist and as part of the folk/Americana duo Albert and Gage, and has appeared on Austin City Limits.

Here’s the full list of the Academy’s 2023-24 board of trustees:

Newly elected or re-elected:

Christine Albert

Marcella Araica

Julio Bagué

Larry Batiste

Marcus Baylor

Evan Bogart

Anna Frick

Kennard Garrett

Tracy Gershon

Dr. Chelsey Green

Jennifer Hanson

Tammy Hurt

J. Ivy

Angélique Kidjo

Ledisi

Eric Lilavois

Susan Marshall

Donn Thompson Morelli “Donn T”

Falu Shah

Gebre Waddell

Paul Wall

Wayna

Jonathan Yip

Trustees who are currently midterm:

Yolanda Adams

Chuck Ainlay

Marcella Araic

Nabil Ayers

Jennifer Blakeman

Alex E. Chávez

Doug Emery

EJ Gaines

Jordan Hamlin

Terry Jones

Andrew Joslyn

Thom “TK” Kidd

Mike Knobloch

John Legend

PJ Morton

Natalia Ramirez

Michael Romanowski

Von Vargas

Artist management company In De Goot Entertainment and independent record label So Recordings (part of the U.K.-based Silva Screen Music Group) have partnered to form the label imprint SO In De Goot, Billboard can reveal.

The first U.S. signing to the imprint is Princess Goes, the band fronted by actor and musician Michael C. Hall alongside keyboardist Matt Katz-Bohen and drummer Peter Yanowitz; the group will release its sophomore album later this year.

Bill McGathy

Jennie McGathy

“We have developed a great relationship with Adam Greenup and So Recordings and have major respect for the work they do and their meaningful roster,” said In De Goot Entertainment president/owner Bill McGathy in a statement. “Thanks to So Recordings’ success in the UK and Europe, this new partnership allows In De Goot to strengthen our global footprint and offer new opportunities to our roster and So’s roster in the U.S.”

Adam Greenup

Courtesy of Adam Greenup

So Recordings MD Adam Greenup added, “Bill and his whole team at In De Goot have been our close friends and allies for nearly a decade. We have seen how the team commits and delivers in all areas of North American promotion and beyond. Bill and I had a joint lightbulb moment one morning in his New York office — our roster (old and new) aligned with In De Goot’s weight and influence in the U.S. rock and indie lanes — the fit was just obvious. We would sign, record and promote artists together.”

In De Goot’s current roster includes Biffy Clyro, GWAR, Halestorm and Shinedown, while the So Recordings roster boasts Placebo, Enter Shikari, Band of Skulls and Dinosaur Pile-Up.

Ariana Grande‘s r.e.m. beauty drew a strategic investment led by private investment firm Sandbridge Capital with participation from Strand Equity, HYBE America, Live Nation Entertainment and Universal Music Group. The funds will be used for product innovation, talent acquisition and geographic expansion.

Sony Music Masterworks made a majority investment in Barcelona-based live music and experiential events producer Proactiv Entertainment. Under the deal, Proactiv managing director Nicolas Renna will continue leading the company’s day-to-day operations while working closely with Sony Masterworks president Mark Cavell and Sony Music Spain & Portugal president Jose-Maria Barbat to grow the business.

Music collaboration platform boombox.io, a new company from entrepreneur Tom Chavez, closed $7 million in seed capital. The round was led by Forerunner with participation from Chavez’s super{set} startup studio as well as Ulu Ventures. The funds will allow the generative AI-assisted platform to build out its team, accelerate product development and strike new partnerships. Launched in November, boombox.io allows music producers to store, version and track their music files; collect time-stamped feedback on audio files; communicate via iOS and Android apps; manage splits; and create legally-binding contracts.

Glendale, Ariz.-based VAI Resort announced the VAI Amphitheater, a new 8,000-capacity venue slated to open in 2024. Set against the backdrop of the resort, the venue will offer multiple viewing options, including hotel room balconies, as well as a $40 million stage and state-of-the-art technology. To bring the amphitheater to life, the resort has partnered with live event solutions company TAIT Group and audiovisual company Solotech.

88rising has partnered with Steve Aoki on FLUXGEN, a new creative hub for Asian talent globally. The first release under the new venture is “The Show,” a collaboration between Aoki and Mandopop star JJ Lin.

Music composition system DAACI, which is driven by a suite of AI tools, acquired fellow AI music technology companies MXX and WiSL. Founded by Dr. Joe Lyske, DAACI uses dynamic music AI that allows artists and composers to tailor compositions for specific uses in gaming, digital worlds, XR or VR experiences.

Amplifyd, an auction platform and marketplace for the music industry, launched out of beta and announced a partnership with Insomniac Events, with which it hosted a series of charity auctions at Insomniac’s 2023 EDC festival in Las Vegas that featured participating artists Marshmello, Armin Van Buuren, Yellow Claw and Deorro.

Tokyo-based virtual live music event platform Vark raised 1 billion yen ($7.2 million) in Series C funding through a third-party allotment of new shares to SBI Investments and NetEase Games, in addition to existing investors JAFCO Group, Mitsubishi UFJ Capital and ANRI. The funds will be used to strengthen the company’s product development system, develop new businesses and more.

Myxt, a collaborative workspace for audio creators, partnered with AI stem separation platform AudioShake under a deal that will allow Myxt users to utilize AudioShake’s source separation tool, create stems, and export them for opportunities in content creation, synch licensing, mixing and more.

AI music analysis and recommendation platform Cyanite acquired aptone, an AI-based service that allows music producers to classify and search samples. Aptone founder Johannes Giani will join the Cyanite board as director of information technology, helping Cyanite develop its technology and continue enhancing and expanding the offering for Cyanite’s international customers including BMG, Pond5, APM Music and RTL. The acquisition allows Cyanite to increase the accuracy with which it analyzes and tags samples. Both Cyanite and aptone are based in Germany.

Some of Adidas’ remaining Yeezy shoes are back on sale — months after the German sportswear company cut ties with Ye, the rapper formerly known as Kanye West.

Adidas ended its yearslong partnership with Ye in late October, in light of his antisemitic remarks and other harmful behavior. In the months that followed, the fate of 1.2 billion euros ($1.3 billion) worth of unsold Yeezys remained unknown — until earlier this month, when Adidas CEO Bjørn Gulden announced the company would be selling a portion of the remaining inventory and donating some of the proceeds to social justice organizations.

The first batch of Adidas’ remaining Yeezys went on sale Wednesday. At this time, the sneakers appear to be available through Adidas’ app “Confirmed,” according to the retailer’s website. Part of the profits will be donated to organizations including the Anti-Defamation League and the Philonise & Keeta Floyd Institute for Social Change, Adidas says.

Wednesday’s release marks the first time that Adidas has sold Yeezys since the partnership termination in October. The Yeezy products up for sale will include already-existing designs as well as those that were initiated in 2022 and set to be released in 2023, Adidas previously noted.

“We believe (selling and donating these Yeezys) is the best solution as it respects the created designs and produced shoes, it works for our people, resolves an inventory problem, and will have a positive impact in our communities,” Gulden said in an May 19 statement.

At a May 11 annual shareholder meeting, Gulden explained the company made the decision to sell and donate Yeezys after speaking with nongovernmental organizations and groups that were harmed by Ye’s comments and actions.

Some details of Adidas’ plans are still unclear — including how many Yeezys will eventually go on sale and what portion of sales will be donated. The Associated Press reached out to Adidas for further information on Wednesday.

Cutting ties with Ye cost Adidas hundreds of millions of dollars — contributing to a loss of 600 million euros ($655 million) in sales for the last three months of 2022, which helped drive the company to a quarterly net loss of 513 million euros.

Adidas reported 400 million euros ($441 million) in lost sales at the start of 2023, the company announced earlier this month.

Net sales declined 1% in the first quarter, to 5.27 billion euros, the company said. It reported a net loss of 24 million euros, a plunge from a profit of 310 million euros in the same period a year ago.

Operating profit, which excludes some items like taxes, was down to 60 million euros from 437 million euros a year earlier.

Meanwhile, investors also filed a class-action lawsuit against Adidas in late April, alleging the company knew about offensive remarks and harmful behavior from Ye years before terminating its pact with him. Adidas has pushed back on the allegations.

A group of corporate Amazon workers upset about the company’s environmental impact, recent layoffs and a return-to-office mandate is planning a walkout at the company’s Seattle headquarters Wednesday.

The lunchtime protest comes a week after Amazon’s annual shareholder meeting and a month after a policy took effect requiring workers to return to the office three days per week.

“We respect our employees’ rights to express their opinions,” the company said in a statement.

As of Wednesday morning, more than 1,900 employees had pledged to walk out around the world, with about 900 in Seattle, according to Amazon Employees for Climate Justice, a climate change advocacy group founded by Amazon workers. While some plan to gather at the Amazon Spheres — a four-story structure in downtown Seattle that from the outside looks like three connected glass orbs — others will participate remotely.

Some employees have complained that Amazon has been slow to address its impact on climate change. Amazon, which relies on fossil fuels to power the planes, trucks and vans that ship packages all over the world, has an enormous carbon footprint. Amazon workers have been vocal in criticizing some of the company’s practices.

In an annual statement to investors, Amazon said it aims to deploy 100,000 electric delivery vehicles by 2030 and reach net-zero carbon by 2040. But walkout organizers contend the company must do more and commit to zero emissions by 2030.

“While we all would like to get there tomorrow, for companies like ours who consume a lot of power, and have very substantial transportation, packaging, and physical building assets, it’ll take time to accomplish,” Brad Glasser, an Amazon spokesperson, said in a statement.

Glasser said there has also been a good energy on the company’s South Lake Union campus and at its other urban centers since more employees returned to the office. More than 20,000 workers, however, signed a petition urging Amazon to reconsider the return-to-office mandate.

“As it pertains to the specific topics this group of employees is raising,” Glasser said, “we’ve explained our thinking in different forums over the past few months and will continue to do so.”

In a February memo, Amazon CEO Andy Jassy said the company made its decision to return corporate employees to the office at least three days a week after observing what worked during the pandemic. Among other things, he said senior leadership watched how staff performed and talked to leaders at other companies. He said they concluded employees tended to be more engaged in person and collaborate more easily.

In a note asking Amazon employees to pledge their participation in the walkout, organizers said Amazon “must return autonomy to its teams, who know their employees and customers best, to make the best decision on remote, in-person, or hybrid work, and to its employees to choose a team which enables them to work the way they work best.”

The walkout follows widespread cost-cutting at Amazon, where layoffs have affected workers in advertising, human resources, gaming, stores, devices and Amazon Web Services, the company’s cloud computing division. The company has cut 27,000 jobs since November.

Like other tech companies, including Facebook parent Meta and Google parent Alphabet, Amazon ramped up hiring during the pandemic to meet the demand from homebound Americans who were increasingly shopping online to keep themselves safe from the virus.

Amazon’s workforce, in warehouses and offices, doubled to more than 1.6 million people in about two years. But demand slowed as the worst of the pandemic eased. The company began pausing or canceling its warehouse expansion plans last year.

Amid growing anxiety over the potential for a recession, Amazon in the past few months shut down a subsidiary that’s been selling fabrics for nearly 30 years, shuttered Amazon Care, its hybrid virtual, in-home care service, and closed Amazon Smile, a philanthropic program.

Reservoir Media on Wednesday reported that revenues grew by 13% during its most recent fiscal year, as investments in record labels and artists rights in the Middle East added to its growth from acquiring works by North American artists like Louis Prima and Dion.

Reservoir reported $122.3 million in revenue for their fiscal year 2023 ending March 31, driven by a 9% increase in music publishing revenue and an 18% increase in recorded music revenue, both helped by the digital release of De La Soul‘s first six studio albums in early March. The legendary rap trio’s catalog netted 12.5 million U.S. song streams and sold 28,000 albums in its first week streaming, according to Luminate.

Founded in 2007, Reservoir said it grew by 8% organically and finished at the top-end of its financial targets in fiscal 2023 despite a 1%-decline in fourth quarter revenue driven by lower performance, sync and other revenues in its music publishing division, which suffered from a tough comparison to a strong year-ago quarter.

Fourth quarter music publishing revenue of $23.2 million was off 8% from the year-ago quarter when Reservoir benefitted from a one-off event in Dubai. Recorded music revenue in the quarter rose 10% to $10.8 million, in part due to the outsized performance of De la Soul’s catalog.

Reservoir has made investing in emerging markets a key prong of its growth and diversification strategy, and on a call with analysts, Reservoir CEO Golnar Khosrowshahi referred to it as “highly important to our overall strategy … as we work to become the largest holder of Arabic music copyrights.”

With its partner PopArabia, an independent music company headquartered in the United Arab Emirates, Reservoir has acquired stakes in the Egyptian label 100COPIES, the Lebanese label and music publisher Voice of Beirut and signed publishing deals with Egypt’s Mohamed Ramadan, Lebanon’s Zeid Hamdan and Moroccan hip-hop star 7liwa. In January, Reservoir announced signed publishing deals for the catalogs and future works of Indian rappers MC Altaf and D’Evil and the producer Stunnah Beatz.

Funds like Reservoir also grow inorganically through acquisitions of song catalogs, and over its past fiscal year it acquired rights by “the Saxophone Colossus” Sonny Rollins and Dion, best known for “Runaround Sue” and “The Wanderer.”

Reservoir’s chief financial officer Jim Heindlmeyer told analysts that the company expects 6% revenue growth f 9% growth for adjusted earnings before interest, tax, depreciation and amortization for this fiscal year, compared to midpoint of its 2023 guidance ranges.

“Our outlook includes strong top-line growth expectations and margin expansion across our business segments as we continue to see a positive impact on profitability from our strategic acquisitions and benefit from secular tailwinds across the music industry,” Heindlemeyer said.

Stock markets ended the week on a positive note as investors showed optimism believing that Congress can negotiate a deal to increase the nation’s debt limit and avoid a historic default. The S&P 500 increased 1.3% to $4,205.45, up 0.3% on the week, while the Nasdaq composite climbed 2.2% on Friday (May 26) to finish […]

LJ Stoll was named GM/vp of A&R at The Hard Working Record Company, a new Nashville-based record label from Big Machine Label Group (BMLG) and management company Hard 8 Working Group. The venture was struck between BMLG president/CEO/founder Scott Borchetta and Hard 8 co-founders Dirk Hemsath and Rich Egan, along with partners David Conway and Mike Bachta. “Rich and I had been toying with the idea of starting a label again, since that’s the world we both came from,” said Hemsath in a statement. “We had been working closely with Scott and Big Machine on the artist Kidd G and Scott mentioned he wanted to start a more pop-leaning imprint and that’s the world we’ve been in heavily for the last few years, most recently building pop star Tate McRae.”

Hipgnosis Songs Fund global head of song management Nick Jarjour exited his role at the company “as I embark on an exciting new chapter in my journey,” the executive wrote on LinkedIn. “During my tenure at Hipgnosis, I had the honor of working alongside a visionary leader and mentor, Merck Mercuriadis who has achieved remarkable feats for songwriters and revolutionized the music industry for future generations,” he continued. Jarjour will continue serving as CEO of his label, publishing and creative agency JarjourCo.

Andrew Spence was promoted to general counsel at Sony Music Publishing UK, where he will oversee business and legal affairs strategies and initiatives on behalf of the company and its roster while also offering guidance and counsel on its legal and operational matters. The London-based executive will continue reporting to Sony Music Publishing UK president/co-managing director, UK/senior vp of international David Ventura and UK co-managing director Tim Major. He was previously head of legal and business affairs.

Edith Bo was named head of A&R at Rostrum Records, where she will oversee the overall direction of A&R strategy and develop strategic branding partnerships, working closely with Rostrum’s marketing team. Bo joins the company from SoundCloud, where she served as senior manager of publishing. She can be reached at edith@rostrumrecords.com.

Rob Segal joined The Feldman Agency (TFA) as partner/president of TFA Inc. Segal previously founded his own agency, Segal Communications, which became one of Canada’s largest promotional and licensing agencies, with clients including Sony, Ford, Marvel, HP and Dreamworks. In his new role, he will lead the agency in fostering new business, driving marketing campaigns and elevating its brand presence. Based at the company’s Toronto office, he can be reached at rob@feldman-agency.com.

Frederik Boutahar was named vp of A&R at Columbia Records Germany, Switzerland & Austria (GSA), which he will lead alongside vp Alexandra Falken. Boutahar will report to Sony Music Entertainment GSA CEO Patrick Mushatsi-Kareba. He joins the company from TwoSides, where he served as MD. He can be reached at frederik.boutahar@sonymusic.com.

Sebastian Mair joined digital rights management company Muserk as head of business development APAC. He will oversee the company’s business throughout the Asia-Pacific region. Based in Tokyo, Mair developed a relationship with Muserk via his company Music Solutions, which develops brand partnerships and VIP packages for artists touring Asia. He can be reached at sebastian.mair@muserk.com.

Metal label Nuclear Blast Records restructured its A&R department, promoting Nathan Barley Phillips and Shawn Keith to head of A&R, Europe and head of A&R, North America, respectively. Elsewhere, Tommy Jones was promoted to label manager, North America, which includes A&R responsibilities for Nuclear Blast’s existing roster in the region. A&R Jens Prueter was also named to the newly created role of head of catalogue/senior A&R. The label was acquired by Believe in 2018. Keith can be reached at Shawn@nuclearblastusa.com.

Jen Hubbard was appointed to the newly created role of director of sync A&R at Concord Music Publishing, where she will develop and manage Concord’s U.S. songwriter roster for the purpose of synch activity. She will serve as the bridge between the company’s A&R and synch teams. Based in Nashville, Hubbard reports to senior vp of A&R Brad Kennard with support from vp of publishing sync Kourtney Kirkpatrick and executive vp of global sync Brooke Primont. Hubbard previously served as director of A&R.

Avery King, formerly director of publicity at Elicity PR, formed her own public relations firm, King Publicity. She brings her longtime clients Carter Faith, Aaron Watson, Austin Burke and Anna Rose to the new operation. King can be reached at avery@kingpublicity.com.

Steve Eckerson was named GM at ASM Global’s San Diego-based venue Pechanga Arena. He joins from Mechanics Bank Arena, Theater and Convention Center, where he’s served as GM since 2016. Eckerson succeeds Steve Tadlock in the role. He can be reached at SEckerson@pechangaarenasd.com.

UTA announced the promotions of several staffers in its music division. Sean Hendrie was elevated to agent while Jack Benson, Eli Hanavan, Maria Kanatous, Elie Low, Cassie Trimble and Sydney Wilke were upped to coordinators.

As Blake Shelton winds down his 23-season role as a coach on The Voice, he’s far from finished with TV and other content initiatives. Shelton has teamed with showrunner Lee Metzger to form the new production company Lucky Horseshoe Productions, following the success of their collaboration on the TV series Barmageddon. With the production company, […]