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Artist manager and investor Nicholas Parasram and Twitch co-founder Justin Kan have announced a new venture that will offer artist and producer management along with publishing and distribution services, as well as an “incubation lab” — the latter “to help its clients bridge the gap with emergent technologies and develop new IP and businesses,” according to a press release.
Announced Monday (Nov. 22), the venture, called Thin Ice Entertainment, launches with several clients: electronic producer Stryv (“Move,” recently remixed by Camila Cabello); longtime David Guetta and Sia collaborator Marcus van Wattum, who has also produced for Britney Spears, G-Eazy and TWICE; Nigerian producer Zone, whose productions have been featured on tracks by Jason Derulo, Sexxy Red and more; and producer RE/MIND, who worked with Zone and Derulo on the Derulo track “Limbo.”
“At our core, Thin Ice is focused on helping talent create businesses around their IP and ensuring their brands scale in their own unique way,” said Parasram in a statement. “Justin and I started Thin Ice because we want to create a platform for creatives to truly express themselves through their art and help them build a sustainable living from it. Leveraging our combined experience in the startup ecosystem, Thin Ice is also incubating in-house technology products to help talent better monetize, distribute, and create IP. We’ve applied the same principles we’ve used in the startup ecosystem –investing at the earliest stage and focusing on supercharging growth — to the entertainment industry, empowering creatives to take their businesses to new heights.”
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Parasram and Kan originally connected while working together at Kan’s venture fund Goat Capital, which incubated and invested in early-stage tech companies including Stash and Rye. Prior to Goat Capital, Parasram founded Sonar Projects, through which he managed creators, worked on brand marketing campaigns and secured content deals for venture-backed startups. In 2015, he partnered with Stryv to help launch the producer’s career, eventually getting him signed to Artist Partner Group (APG) in 2020.
Kan is best known as the co-founder of Twitch, which was acquired by Amazon in 2014 for $970 million. He serves as a general partner at Goat Capital and was previously a partner at incubator Y Combinator. Over his career, he has invested in more than 100 startups, including Mercury, Ramp, Cruise, Alto Pharmacy, Xendit, Scale, Reddit and Rippling.
The value of global music copyright reached $45.5 billion in 2023, up 11% from the prior year, according to the latest annual industry tally by economist Will Page. When Page first calculated the value of various music copyright-related revenue streams in 2014, the figure was $25 billion—meaning music copyright could double in value in ten years.
Record labels represented the largest share of global music copyright with $28.5 billion in 2023, up 21% from 2022. Streaming grew 10.4% and accounted for the majority of labels’ revenue. Physical revenues fared even better, rising 13.4%, while vinyl record sales improved 15.4%. Globally, vinyl is poised to overtake CD sales “soon,” Page says. CD sales are still high in Japan and across Asia, but Page points out that vinyl is selling more units at increasingly higher prices. “It’ll easily be a $3 billion business by the next [summer] Olympics” in 2028, he says.
Collective management organizations that collect royalties on behalf of songwriters and publishers had revenue of $12.9 billion, up 11% from the prior year. In a sign of shifting economic influence, live performances now pay more to CMOs than general licensing for public performances. Additionally, CMOs’ digital collections exceeded revenues from broadcast and radio, reflecting the extent to which streaming has usurped the power of legacy media. A decade ago, digital made up just 5% of collections while broadcast accounted for half.
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In another shift in the industry’s power dynamics, publishers collected more revenue from direct licensing than they received from CMOs. These royalties are a combination of “large and broadly stable income like sync and grand rights and fast-growing digital income,” says Page. “Publishers prefer direct licensing as it means they see more money faster,” he explains. A song that spikes in mid-March, for example, takes 201 days to pay the artist and 383 days to pay the songwriter. “What’s more,” he adds, “a third of that [songwriter] revenue can disappear in transaction costs” in the form of administration fees charged by various CMOs.
While some parts of music copyright suffered during the pandemic—namely public performance revenue—music has surged since 2020 to overtake the brick-and-mortar movie business. In 2023, music was 38% larger than cinema. That marked a massive shift since pre-pandemic 2019, when cinema was 33% bigger than music. Over the last four years, music grew 44% while cinema shrank 21%. The true difference between music and cinema is even greater: Page’s music copyright numbers account for trade revenue that goes to rights holders and creators. The cinema figures in his head-to-head comparison represent consumer spending. Of cinema’s $33.2 billion in box office revenues in 2023, only half goes to distribution, according to one analyst’s estimate.
Page’s report covers the totality of revenue generated by both master recordings and musical works. He removes double-counting — mechanical royalties that are counted as revenue by both record labels and music publishers, for example — and fills in the gaps in more focused industry tabulations by the IFPI, CISAC and the International Federation of Music Publishers.
“Anyone trying to capture the attention of policymakers who doesn’t grasp the threat posed by AI, for example, may find it handy to have a big number showing what’s at stake,” he wrote in the report.
For large, Western music companies, the globalization of music has opened new markets to their repertoire. Page’s report looks at the reverse effect: the value of developed streaming markets to artists in less wealthy countries. North America and Europe, regions dominated by subscription revenue, accounted for 80% of the value of streaming growth but just 48% of the increase in the volume of streaming. In contrast, Latin America and Asia (less Japan), where streaming platforms get far less revenue from each listener, accounted for 12% of streaming’s value growth compared to 46% of its streaming activity gains.
To artists from Latin America and Asia, fans in markets where streaming royalties are higher can be lucrative. For example, the nearly $100 million of streaming revenues generated by Colombian artists such as J. Balvin and Shakira inside the U.S. was six times greater than those streams would have been worth in their home country. This “trade-boost” of $78 million was worth more than the entire $74 million Colombian recorded music industry. Similarly, Mexican artists’ streams inside the U.S. were worth $350 million in 2023—$200 million more than had those streams come from Mexico.
“Let’s remember, Mexico and Colombia are just two examples exporting to just one market,” says Page, who co-authored a paper in 2023 that described the rise of “globalization,” a term for music created for local markets in native languages that tops local charts on global streaming platforms. “There’s so many more across South and Central America and the whole world is listening to these new ‘glocalisatas’.”
JYP Entertainment, the K-pop company behind such artists as TWICE and Stray Kids, is on a roll, with its stock closing Friday (Nov. 22) at 66,100 won ($47.06) — up 11.3% for the week and marking its highest closing price since May 10. This week, the company seemingly got a nudge from the Monday (Nov. 18) announcement of Stray Kids’ 20-date, Live Nation-produced stadium tour in 2025 that will cover North America, Latin America and Europe. But the momentum has been building for a while; over the last three weeks, JYP shares have gained 35.6%.
Other K-pop stocks also posted gains this week: YG Entertainment rose 7.7% as “APT” by ROSÉ and Bruno Mars spent a fourth week atop the Billboard global charts and reached No. 1 in Japan. Elsewhere, HYBE improved 4.4% and SM Entertainment increased 4.3%. Collectively, the four K-pop companies have gained an average of 20.7% in the last three weeks and narrowed their average year-to-date deficit to 15%.
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Another high-flying music stock was Live Nation, which jumped 8.7% to an all-time high of $140.26 on Friday after more analysts increased their price targets. Citigroup increased its target on the concert promoter to $163 from $130, while Deutsche Bank upped its target to $150 from $130. As of Friday’s closing price, Live Nation shares have gained 49.8% in 2024 and 19.8% in just the last three weeks. The company’s third-quarter earnings on Nov. 11 can take credit for some of the recent gains, though Donald Trump’s victory in the U.S. presidential election played a part, too, as investors believe Live Nation’s ongoing lawsuit brought by the Department of Justice will see a more favorable resolution with the incoming administration.
In other music stocks news, Spotify continued its hot streak by gaining 3.7% to $475.27, marking its second-highest closing price ever. A week earlier, Spotify shares gained 14.5% after the company’s third-quarter earnings showed the company achieved a record operating profit. The streaming company’s stock has gained 153% in 2024 and is up 23.6% in the last three weeks alone.
The 20-company Billboard Global Music Index rose 2.1% to a record 2,208.32 as 14 stocks finished the week with gains, putting it in line with stocks around the globe. In the United States, both the Nasdaq composite and S&P 500 increased 1.7%. In the United Kingdom, the FTSE was up 2.5%. South Korea’s KOSPI composite index gained 3.5%. Only China’s Shanghai Composite Index was an exception, dropping 1.9%.
Elsewhere, music streamer LiveOne gained 12.8% to $0.88, while iHeartMedia improved 8.6% to $2.40 after the radio giant announced terms for a debt exchange that will ease the company’s financial burden and extend most of the maturity dates for its debts. As of Nov. 14, note holders representing approximately 85% of outstanding debt have agreed to exchange notes under the new terms.
Just six of the index’s 20 stocks finished the week in negative territory. The sharpest drop came from German concert promoter CTS Eventim, which fell 9.7% this week after the company’s third-quarter earnings showed an increase in revenue but a drop in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin for both the promotion and ticketing segments.
Lastly, label giant Warner Music Group (WMG) dropped 3.3% to $31.85 following the release of its latest quarterly earnings on Thursday (Nov. 21). JP Morgan dropped its price target to $40 from $41 after lowering its estimate for fiscal 2025 adjusted operating income before depreciation and amortization (OIBDA) to $1.49 billion from $1.527 billion. Meanwhile, Deutsche Bank cut its WMG price target to $34 from $36.
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Merely existing in the world in the past few weeks would be enough for most people to know that the film adaptation of the beloved Broadway play Wicked is arriving in theaters today (Nov. 22).
Starring Ariana Grande, Cynthia Erivo and Jonathan Bailey, the musical film is one of the most anticipated releases of the year, with first-week box office projections of $100 million and a marketing campaign that includes everything from billboards to merchandise to late-night TV appearances and even its own category on Jeopardy! earlier this week.
But it’s impossible to separate the spectacle that is Wicked from its songs, and there has also been intense interest in both how the music is incorporated into the film and the construction of its soundtrack, given the original cast recording from 2003 won a Grammy Award in 2005 for best musical show album. And that’s something that NBC Universal president of music Mike Knobloch knew to take extra seriously. “The original cast recording is iconic, so priority number one was to not mess it up,” Knobloch tells Billboard. “It has also been a great opportunity to make a soundtrack for a beloved musical that will only be the second Wicked album in two decades. But while our primary mission was to make the film, we didn’t want the soundtrack to simply be a ‘copied and pasted’ byproduct.”
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To make that happen, Knobloch and original Wicked composer Stephen Schwartz, along with the filmmakers, producers and the rest of their music team, got to work more than two years ago to make sure they struck the right notes. And as the film and its soundtrack finally make their way into the world today, Knobloch earns the title of Billboard’s Executive of the Week.
Here, Knobloch discusses the work that went into helping Wicked come to life, as well as the marketing campaign behind the project and the state of musical films these days. “Wicked is the perfect example of how it all comes down to just making an excellent movie, whether characters on the screen are singing or not,” he says. “It’s got an engaging story, it’s timely and relevant — eerily so for something written 24 years ago — has performances that take your breath away, it’s visually stunning, exhilarating, innovative and multidimensional in a way that makes the state of the musical movie feel pretty epic right now to me.”
This week, the new film Wicked opened wide in theaters, and the official film soundtrack was released, featuring Ariana Grande, Cynthia Erivo and more. What role did you play in helping make this project come to life?
There’s no handbook for how to take an existing stage musical and adapt it for the screen, especially with the film’s scope and scale and lack of constraints compared to the stage, and how cherished these songs are to so many. I worked closely with the filmmakers, Jon Chu and Marc Platt, and composer Stephen Schwartz from the very beginning, starting with the critical task of putting together the right team of best-in-class creative and technical personnel so we could be equipped to make something really special. And then I pretty much assumed the role of the “music team coach” through every stage of production all the way through the delivery of the soundtrack.
When did the work for it first start, what challenges did you face and how did you overcome that?
We started in earnest very early in pre-production more than two years ago, and we had a lot to figure out, starting with the production methodology — how to go about equipping the production for live singing, developing the instrumental tracks, adapting the structure of the music to the requirements of the film and so on. We had to start with demos and record in phases in order to put Schwartz’s brilliant music up on the screen. This allowed the music to have the flexibility to follow the actors’ performances, which provided them a great deal of creative freedom.
We consistently found ourselves in uncharted territory, so we put a lot of emphasis on the “how to” from the jump so that we could drive the process as efficiently as possible — and especially make sure the cast and crew had what they needed well in advance of each day of filming. We did some atypical things, like building a bespoke recording studio tailored to our unique needs and routines, for example. The music team was entrusted with this huge responsibility to work closely together and realize the music of Wicked at a level that’s never been done before. It just required an intense level of teamwork and collaboration at every step.
There is a beloved recording made by the Broadway cast that won a Grammy in 2005 for best musical show album. How did you approach making the soundtrack different, or expand upon it, given that original material?
The original cast recording is iconic, so priority number one was to not mess it up. It has also been a great opportunity to make a soundtrack for a beloved musical that will only be the second Wicked album in two decades. But while our primary mission was to make the film, we didn’t want the soundtrack to simply be a “copied and pasted” byproduct. Stephen Schwartz worked extremely closely with executive music producer Stephen Oremus — who has also been the music director of the stage play since its beginning — producer and mixer Greg Wells, and the rest of the music team to make sure the album would be a standalone and complete aural experience.
So without the dialog — except for some snippets for narrative context — and the rest of the sound from the film, a great deal of time and effort went into balancing the vocals with all the orchestral and other instrumental elements and editing the songs together into a cohesive structure. A lot of care went into capturing cast vocals throughout filming that would be production-quality for the soundtrack so that it would reflect their true performances from the movie. This new soundtrack isn’t really meant to be compared to the Broadway recording since it’s a different medium, obviously — but everyone was extremely careful to be faithful to and respectful of what people know and love about the music of Wicked, as well.
How difficult is it to adapt a Broadway production to film, and how did you navigate that from a music point of view?
With genuinely brilliant talent like Ariana, Cynthia, Jonathan Bailey and the rest of the cast, combined with Jon Chu’s imaginative direction, the “adaptation” of the music really gets to be led by their amazing performances. There are orchestration choices, instrumentation and dynamics that differentiate what these songs sound like on stage versus onscreen. Of course, Wicked is a break-out-into-song musical, but something it does very well is to transition in and out of songs without having any of those obvious flags that make you think, “Oh, she’s about to sing something now.” It’s all very fluid and organic, and the musical “bed” was subsequently built to support the performances on the screen. John Powell coming in to score the movie with Stephen Schwartz was also a big part of differentiating the style, scope and scale of the storytelling on the screen. Their score is what glues it all together and makes it feel cinematic.
Wicked has benefited already from an extensive marketing campaign. What role did you play in that, and how have you seen that pay off?
Wicked, the film and the campaign, is just the biggest thing we’ve ever done. Accordingly, we needed a soundtrack partner that could rise to that level and bring an appropriate amount of supplementary marketing muscle to the campaign. We’ve had a great deal of soundtrack success with Republic Records over the years. For Wicked, we had the fortuitous advantage with Republic in that they are also the label to which Cynthia and Ariana are both signed. Our combined teams — along with Verve Records — have been working together since the beginning and our shared mandate was to swing for the fences and treat this soundtrack like an A-list artist record. That has really framed what we’ve done at every step to put together an impactful global campaign filled with “first-ever” initiatives and top-tier programs with partners.
Also, Ariana and Cynthia have been in the war room and a critical part of creative and strategic decisions alike. So it’s just been much different than a typical movie soundtrack of songs and/or score in terms of the level of anticipation, fandom and demand. That said, we are not leaving anything on the table with this global marketing campaign. It’s been a really special, once-in-a-lifetime, lightning-in-a-bottle experience and an honor to be part of it.
How do you feel about the state of the musical movie in general right now?
I feel great about it. Audiences show up for quality films of all genres and, as you may have noticed from our campaign, nobody is trying to disguise the fact that this is a break-out-into-song musical — but that isn’t singularly what defines it. Wicked is the perfect example of how it all comes down to just making an excellent movie, whether characters on the screen are singing or not. It’s got an engaging story, it’s timely and relevant — eerily so for something written 24 years ago — has performances that take your breath away, it’s visually stunning, exhilarating, innovative and multidimensional in way that makes the state of the musical movie feel pretty epic right now to me.
What other projects do you have on the horizon?
Following Twisters and The Wild Robot and Wicked, we have a diverse portfolio of projects in the pipeline: Our specialty shingle Focus Features is releasing Nosferatu and is also in production on a biopic that’s the true story of a Neil Diamond impersonator. We’re in production on another Super Mario Bros film as well as a Shrek reboot, and we’ve also got another Jurassic World film coming next year, a live-action How To Train Your Dragon to name just a few. And of course, Wicked Part Two!
It’s time to drop the needle on Executive Turntable, Billboard’s comprehensive(ish) compendium of promotions, hirings, exits and firings — and all things in between — across music.
Read on for good news and don’t forget to cast your vote for the Power 100 Players’ Choice Award, plus peruse our annual list of the industry’s savviest financial advisers, our weekly interview series spotlighting a single c-suiter and our calendar of notable industry events.
Gee Davy was officially named chief executive of the Association of Independent Music (AIM), following her interim leadership since the April departure of Silvia Montello. Joining AIM in 2017 as head of legal and business affairs and becoming chief operating officer in 2020, Gee has played a pivotal role in championing the UK’s independent music sector. As CEO, she’ll continue to advocate for the music community, focusing on issues like funding, streaming reform, and the ethical use of AI. AIM chair Ruth Barlow commended Gee’s leadership over the past eight months and underscored the importance of protecting the independence of the industry amidst creeping corporate consolidation. “True independence remains a vital counterbalance to the consolidation of power that major corporations wield,” she said. “It’s never been more important for the independent community to stand together for integrity and values that genuinely support and respect artists and rightsholders.” At AIM’s annual general meeting this week, four new board members were also elected: Junior Foster, Leah Ellis, Matt Bristow and Rachel Buswell. They replace outgoing members Alice Whittington, Clare McKinney, Jason Rackham and Sarah Cole.
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CTS Eventim named Karel Dörner as chief technology officer of the German concert promoter and ticketing company, effective New Year’s Day. A seasoned expert in digital transformation among Europes’s business community, Dörner brings experience from leading McKinsey Digital Labs in Western Europe and co-founding eBay Europe. In this newly created role, he will oversee the IT, product and information science divisions, driving digitalization, data-centered business models and the integration of generative AI. Key team members, including Christoph Bodi and James Brooke, will report to him. This appointment allows COO Alexander Ruoff, the current point-person for IT and product, to focus on international development. Dörner’s expertise aligns with CTS Eventim’s growth strategy, with CEO Klaus-Peter Schulenberg lauding his “proven expertise” and “entrepreneurial skills,” adding that “he will bring fresh impetus to the company.”
Concord announced the formation of its new advisory board of noted executives who’ll guide the music company’s strategic direction and innovation. The board includes Greg Ballard, former CEO of Glu Mobile and Warner Custom Music; Liat Ben-Zur, a digital transformation expert with experience at Microsoft and Philips; Janicza Bravo, an acclaimed writer and director; Darien Dash, a business leader in music, technology, and finance; Marc Geiger, co-creator of Lollapalooza and founder of SAVELIVE; Nick Grouf, an entrepreneur and investor known for co-founding Firefly and Pluto TV; TJ Haynes-Morgan, chief audit executive at Raymond James Financial; Scott Pascucci, former CEO of Concord and current executive chairman of Morrison Hotel Gallery; Jim Weber, CEO of Brooks Running Company; Tom Whalley, a veteran music executive and founder of Loma Vista Recordings; and Jake Wisely, a co-founder and equity partner of Concord.
BOARD SHORTS: Michelle Escoffery was elected chair of The Ivors Academy Trust, a UK charity supporting disadvantaged songwriters and composers. As the Trust approaches its 25th anniversary in 2025, Escoffery’s dedication to music creators is clear, having joined as a Trustee in 2023. With over three decades in the music industry, she is currently president of PRS for Music Members’ Council, a Trustee of the PRS Foundation, and a member of ICMP’s Industry Advisory Board … Sarah Morris, general manager of NPR‘s affiliates in Kansas City, has been elected to the public broadcaster’s board of directors.
Vanessa Brennan | Orfium
Vanessa Brennan joined Orfium as chief transformation officer, a newly created position at the Los Angeles-based music rights management tech firm. Reporting to CEO Rob Wells, she’ll align cross-functional teams for strategic growth. Brennan previously held senior roles at Slack, including director of engineering, and at Spotify, where she managed security and system monitoring. Wells praised her strategic insight and technological expertise as vital to Orfium’s growth, saying her “leadership abilities will be instrumental as we expand our global footprint and continue innovating to drive value for the entertainment industry.”
ADA, the independent music distribution and artist services division of WMG, is expanding in Southeast Asia with new operations in Indonesia and Thailand. Rasti Sryantoro, founder of Solar Sounds Jakarta and a veteran of Sony Music, will lead ADA Indonesia, while Arisa Maruekatat, with 18 years of expertise at LINE TV, TikTok and elsewhere, will head up ADA Thailand. In Indonesia, ADA has extended its partnership with DPM, connecting with 28 independent labels to amplify artists’ international profiles. Notable names like Armada and Marcell are part of this collaboration. Additionally, ADA signed an exclusive deal with Voice of Baceprot (VOB), the first Indonesian band to perform at Glastonbury, to further their global reach. These initiatives highlight ADA’s commitment to supporting independent music and strengthening its presence in Southeast Asia, fostering growth and international opportunities for regional artists.
ALL IN THE FAMILY: Michele Singer joined Penske Media as vice president and associate general counsel, overseeing legal matters for a swath of publications including Robb Report, SheMedia and the art-focused outlets Art News, Art in America and Artforum, while also supporting Fairchild alongside Nicole Brandofino. Based in New York, Singer will report to Judith Margolin, senior vp and deputy general counsel. Singer brings a wealth of media law expertise, having previously served as G to the C for JAF Communications and MRC Media, where she backed teams here at Billboard and at The Hollywood Reporter. Her skills encompass newsroom counseling, strategic partnerships, data privacy, litigation and advertising law. Before transitioning to media law, Singer spent two decades in the music industry with Sony Music, BMG and EMI Music, handling business affairs … Ex-Billboard news director Shirley Halperin is joining Maer Roshan as co-editor-in-chief of our sister publication, The Hollywood Reporter. It’s a sequel for Halperin, who previously had a seven-year tenure at THR before taking her talents to Variety and, most recently, Los Angeles Magazine.
Believe announced a new leadership structure in the Middle East and North Africa (MENA), appointing Liliana Abudalo as head of label & artist solutions and Celine Hitti as head of artist services. Both will report to regional managing director Dolly Makhoul. Based in Dubai, Abudalo brings over 16 years of experience, having worked with YouTube and other key music companies in the region. Hitti, based in Paris, will focus on empowering independent artists through marketing strategies. Previously head of editorial & marketing partnerships, she has significantly contributed to the Arab music scene and was recognized in Billboard Arabia’s 40 under 40 list. “This new leadership team represents a bold step forward in our mission to deliver unique value to our partners and clients, accompanying them at every stage of their development,” said Dolly Makhoul, Believe’s regional managing director. “Through our MENA footprint, we aim at continuing to establish Believe locally as a leading music company in line with our own vision, model and values: independence, expertise, respect, fairness and transparency.”
Belinda Dinwiddie Havron | Musicians On Call
Musicians On Call, which brings live music to hospitals, named Belinda Dinwiddie Havron as its first Chief Development Officer. Havron will lead all fundraising efforts, including support from individuals, corporate partnerships, events and grants. Over her 37-year career, Havron has raised millions for various causes, including $60 million for capital and special projects. She previously worked at the Community Foundation of Middle Tennessee, creating charitable funds and securing significant support for nonprofits. “Her incomparable reputation in Nashville and decades of experience helping charities grow and thrive will be invaluable as we build the future of our organization,” said MOC president and CEO Pete Griffin. “I know with her leadership we will see great success in expanding our programs to new communities.”
Independent distributor IDOL appointed Rayen Gonzalez as DSP editorial & partnerships manager (UK) to support its growing London roster. Gonzalez, previously with [PIAS], will report to UK general manager Roo Currier and head of DSP editorial & partnerships Paul Pétel. This appointment aligns with IDOL’s new global services deal with UK labels Full Time Hobby and Hassle Records. IDOL will manage worldwide digital distribution, marketing, and audience development for these labels, excluding Germany, Austria, and Switzerland. The team will work closely with the labels and artists to expand international audiences using advanced analytics to track playlist performance and consumption trends.
Joanna Batemits launched CLUB S’AKOÚO, an independent music supervision and consulting agency in New York. She previously led the music department at Carousel Collective, working with brands like Victoria’s Secret, Pepsi, Spotify and Calvin Klein, among others. CLUB S’AKOÚO, which deals in music supervision, copyright clearance, licensing, production and talent negotiations, looks to help client integrate music thoughtfully into media projects and create impactful campaigns. Recently, the agency secured the Spice Girls’ “Never Give Up On The Good Times” for Victoria’s Secret’s holiday campaign.
Peter Ratcliffe is the new director of content protection at UK labels trade body BPI, effective immediately. With a 32-year career in The City of London Police, where he managed the UK Police Intellectual Property Crime Unit and served as Detective Superintendent, Ratcliffe brings extensive expertise in intellectual property protection. He will lead BPI’s 16-member Content Protection Unit, working closely with BPI’s legal team to address digital and physical music piracy. Reporting to CEO Dr. Jo Twist OBE and supported by Niki Haywood, Ratcliffe’s appointment underscores BPI’s commitment to safeguarding artists’ work in the evolving music landscape. Dr. Twist highlighted Ratcliffe’s invaluable experience in IP infringement as a crucial asset “at a pivotal time in the transformation of our industry, when human artistry needs more safeguarding than ever.”
Jack Clulow, tvg hospitality‘s group operations director, is relocating from the UK to New York to join the U.S. team. Since 2017, Clulow has been instrumental in launching and managing 13 music and hospitality venues in London and Alabama, with three more projects underway in the U.S., including a new venue in Los Angeles. Founded by Mumford & Sons’ Ben Lovett, tvg hospitality venues — including the Orion in Huntsville, Ala. and Flat Iron Square in London — and are known for their high quality designs and attention to hospitality that emphasize local character.
ICYMI:
Gerardo Mejía
Pam Matthews will retire next year from her role as executive director at the International Entertainment Buyer’s Association (IEBA) … Global Citizen has made two key appointments to their executive leadership team … Gerardo Mejía of “Rico Suave” fame got a promotion at UnitedMasters … Kevin Lipson was elevated to chief revenue officer at Republic … and Sony Music Nashville named Taylor Lindsey as chairman and CEO. [KEEP READING]
Last Week’s Turntable: Universal Hires Warner Veteran to Lead EMI Japan
Michael “Mike” Bryan Martinovich, a music industry veteran best known for his work at CBS Records/Sony Music in Nashville and later as a consultant, died Monday (Nov. 18) in Nashville at age 81.
Martinovich joined CBS/Sony in 1969 as a sales representative for its St. Louis branch. He later became promotion manager for Epic Records in that same market before relocating to Atlanta to work as a sales manager and, later, Cincinnati to serve as a branch manager. He was later promoted to vp of merchandising and spent the next decade at CBS Records’ New York headquarters, working with artists including Bruce Springsteen, Michael Jackson, Pink Floyd, Journey and James Taylor. He subsequently took on the role of vp of marketing when he relocated to CBS Records Nashville in December 1988. In that role, he directed marketing strategy for artists including Tammy Wynette, George Jones, Merle Haggard, Dolly Parton, Willie Nelson, Mary Chapin Carpenter, Rosanne Cash, Charlie Daniels, Joe Diffie and Rodney Crowell.
In 1994, Martinovich joined with Garth Brooks’ marketing leader Joe Mansfield to form Mansfield-Martinovich Associates. While working as strategic consultants to Wal-Mart’s music merchandiser Anderson Merchandisers, the duo created Wal-Mart’s Country Music Across America’s Parking Lot Tour, which highlighted more than 50 rising country artists in 60 markets over three touring seasons.
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In 2003, Martinovich and a trio of partners launched The Consortium, which offered strategic consulting for Broken Bow Records (BBR) and oversaw branding and licensing for The Weather Channel.
A 1992 graduate of Leadership Music, Martinovich served on the organization’s board of directors. He also served as vp at large on the ACM board of directors, on the marketing committee of the Recording Industry Association of America and filled the role of chairman of CMA’s marketing development committee. He was also a member of the Recording Academy.
Martinovich’s sons followed him into the music industry, with Bo Martinovich becoming an executive at Sony Music Nashville and Michael Dimitry Martinovich working in artist management with bands including My Morning Jacket and Good Charlotte.
Visitation and viewing will take place on Friday (Nov. 22) from 3:30-6:00 p.m. at Eastland Funeral Home, located at 904 Gallatin Avenue in Nashville. A funeral service will be held Saturday (Nov. 23) at 12 p.m. at Svetka Petka Serbian Orthodox Church, located at 1712 5th Avenue North in Nashville. Contributions may be made in Michael’s name to Svetka Petka Serbian Orthodox Church.
Warner Music Group reported on Thursday that total revenue for its fiscal year rose 6% compared to a year-ago on strong digital and streaming subscription revenue. The company reported $6.43 billion in total revenue for the twelve months ending on Sept. 30, up 6% from the roughly $6 billion the company generated in the 12-months […]
The Artist Rights Symposium returns for a fourth year on Wednesday (Nov. 20) at a new location — American University’s Kogood School of Business. This year the day-long event will feature panels like “The Trouble with Tickets,” “Overview of Current Issues in Artificial Intelligence Litigation,” and “Name, Image and Likeness Rights in the Age of AI.” Plus, the symposium will feature a keynote with Digital Media Association (DiMA) president and CEO Graham Davies.
Founded by University of Georgia professor, musician and activist Dr. David C. Lowery, the event has been held at the university in Athens, Georgia for the last three years. Now that the event has moved to Washington, D.C., the Artist Rights Symposium can take advantage of the wealth of music professionals in the city. This includes D.C.-based panelists like Davies, Stephen Parker (executive director, National Independent Venue Association), Ken Doroshow (Chief Legal Officer, Recording Industry Association of America), Jalyce E. Mangum (attorney-advisor, U.S. Copyright Office), Jen Jacobsen (executive director, Artist Rights Alliance), Jeffrey Bennett (general counsel, SAG-AFTRA) and more.
The Artist Rights Symposium is supported by the Artist Rights Institute.
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See the schedule of events below:
9:15-10:15 – THE TROUBLE WITH TICKETS: The Challenges of Ticket Resellers and Legislative SolutionsKevin Erickson, Director, Future of Music Coalition, Washington DCDr. David C. Lowery, Co-founder of Cracker and Camper Van Beethoven, University of Georgia Terry College of Business, Athens, GeorgiaStephen Parker, Executive Director, National Independent Venue Association, Washington DCMala Sharma, President, Georgia Music Partners, Atlanta, GeorgiaModerator: Christian L. Castle, Esq., Director, Artist Rights Institute, Austin, Texas
10:15-10:30: NIVA Speculative Ticketing Project Presentation by Kogod students
10:45-11:00: OVERVIEW OF CURRENT ISSUES IN ARTIFICIAL INTELLIGENCE LITIGATIONKevin Madigan, Vice President, Legal Policy and Copyright Counsel, Copyright Alliance
11:00-12 pm: SHOW ME THE CREATOR – Transparency Requirements for AI TechnologyDanielle Coffey, President & CEO, News Media Alliance, Arlington, VirginiaDahvi Cohen, Legislative Assistant, U.S. Congressman Adam Schiff, Washington DCKen Doroshow, Chief Legal Officer, Recording Industry Association of America, Washington DCModerator: Linda Bloss-Baum, Director of the Kogod School of Business’s Business & Entertainment Program
12:30-1:30: KEYNOTEGraham Davies, President and CEO of the Digital Media Association, Washington DC.
1:45-2:45: CHICKEN AND EGG SANDWICH: Bad Song Metadata, Unmatched Funds, KYC and What You Can Do About ItRichard James Burgess, MBE, President & CEO, American Association of Independent Music, New YorkHelienne Lindvall, President, European Composer & Songwriter Alliance, London, EnglandAbby North, President, North Music Group, Los AngelesAnjula Singh, Chief Financial Officer and Chief Operating Officer, SoundExchange, Washington DCModerator: Christian L. Castle, Esq, Director, Artist Rights Institute, Austin, Texas
3:15-3:30: OVERVIEW OF INTERNATIONAL ARTIFICIAL INTELLIGENCE LEGISLATIONGeorge York, Senior Vice President International Policy from RIAA.
3:30-4:30: NAME, IMAGE AND LIKENESS RIGHTS IN THE AGE OF AI: Current initiatives to protect creator rights and attributionJeffrey Bennett, General Counsel, SAG-AFTRA, Washington, DCJen Jacobsen, Executive Director, Artist Rights Alliance, Washington DCJalyce E. Mangum, Attorney-Advisor, U.S. Copyright Office, Washington DCModerator: John Simson, Program Director Emeritus, Business & Entertainment, Kogod School of Business, American University
Deadmau5 has signed with CAA for representation in all areas.
The Canadian electronic music producer will work closely with CAA on his future endeavors, including global touring, gaming and tech-focused efforts, among other opportunities.
“Deadmau5 has redefined the intersection of music, art, and technology, and we’re thrilled to be a part of his next chapter,” Deadmau5’s agent at CAA, Ferry Rais-Shaghagh, tells Billboard.
Given Deadmau5’s many projects across music, tech, art and beyond, his move to CAA was a function of the agency’s ability to offer opportunities with its other divisions in addition to live touring. The artist was previously represented by UTA, who he signed with in 2020.
Deadmau5 has a long list of accomplishments going back two decades. His debut album was released in 2005, and in 2011, he became the first electronic artist to play the mainstage at Lollapalooza. He’s since played major festivals including Coachella, Tomorrowland, Electric Daisy Carnival, Ultra Music Festival, Outside Lands, Creamfields UK, and Bonnaroo. In 2022, his set as Kx5 with Kaskade set a record for the biggest ticketed global headliner dance event of 2022, according to Billboard Boxscore.
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His catalog has 1.7 billion on-demand official U.S. streams where Deadmau5 billed as the primary artist, according to Luminate. Hits including “Ghosts ‘n’ Stuff,” “Strobe” and the Kaskade collaboration “I Remember” helped introduce electronic music to mainstream audiences, with his music and live performances also infusing boundary pushing technology. His 2019/20 U.S. cubev3 tour, featuring production of his own design and implementation, ranked in the Top 10 of Pollstar’s top tours globally.
Meanwhile, his label, Mau5trap, has released music since 2007.
The artist, whose real name is Joel Zimmerman, is managed by Dean Wilson at Circuit Group/Seven20. His team also includes attorney is Dina LaPolt from LaPolt Law, P.C. and publicist Alexandra Greenberg at Falcon Publicity PR.
LONDON — The United Kingdom’s music industry is at a “tipping point” due to increasing competition from other international markets and the threat posed by unregulated generative Artificial Intelligence (AI), the head of umbrella organization UK Music has warned.
In 2023, the music industry contributed £7.6 billion ($9.6 billion) to the country’s economy, up 13% from the previous year, according to the organization’s annual This Is Music study, which measures the economic impact of the U.K. music industry across all income streams including live, record sales, publishing, merch, brand endorsements and public performance revenue for UK based music creators and rights holders.
Huge grossing U.K. tours by Beyonce, Burna Boy and Harry Styles helped drive the record economic contribution, said UK Music, which bases its calculations upon the gross value estimates of money generated through music sales, concerts, recording studios, touring and music tourism — roughly equivalent to pre-tax profits and salaries.
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However, despite strong appetite for British artists and songs, the country’s music market is facing several significant challenges that threaten its continued prosperity, says UK Music. It identifies increasing competition from other international markets, tough financial conditions for grassroots artists and music venues, as well as the potential risks posed by generative AI on music creation as the biggest dangers to the sector.
According to export figures released earlier this year by U.K. labels trade body BPI, artists from the United Kingdom now cumulatively account for less than 10% of global music streams, compared to 17% in 2015. BPI says the U.K.’s declining share of the global music market is partially down to it facing tougher competition from fast-growing international markets such as Latin America and countries like South Korea.
The U.K.’s grassroots live sector is also battling a number of well-documented financial hardships with around 125 small capacity music venues closing in 2023 and more 350 currently at risk of closure, according to the Music Venue Trust (MVT) charity. Additionally, this year has seen 60 U.K. music festivals either postpone, cancel or close due to rising costs, slow ticket sales and poor weather, says the Association of Independent Festivals (AIF).
“We are now at a tipping point, and if the problems we face are not addressed then future growth cannot be guaranteed,” said UK Music chief executive Tom Kiehl in a statement on Wednesday (Nov. 20).
Kiehl said that without tougher regulation “the wild west” of generative AI could further undermine the U.K.’s long-held status as the world’s second biggest exporter of music behind the United States. Kiehl is calling for the British government to press ahead with implementing laws that protect artists and rights holders from AI developers using copyright protected works to train their systems without permission.
UK Music also wants to see ministers establish a legislative framework that will require tech companies to clearly identify AI created music and keep records of works that have they have ingested, akin to what the European Union introduce earlier this year in its AI Act.
Other areas where UK Music said urgent action was needed to maintain the market’s growth in the face of heightened international competition was in music education and the live industry. The organization is urging the Labour government to press ahead with its previously proposed cap on secondary ticket resale prices, as well as secure a cultural touring agreement with the EU that will allow visa-free touring for musicians and crew.
In a statement, U.K. Culture Secretary Lisa Nandy called the country’s music industry “a real British success story” that is “vitally important” to driving overall economic growth. Nandy said she was committed to ensuring that the government works with the music industry to build upon its current success for years to come.
“By supporting vital grassroots venues, introducing new secondary ticketing protections for fans and ensuring all children can access high quality music education in schools, we can help the sector go from strength to strength in the future,” said Nandy.
According to figures released earlier this year by U.K. labels trade body BPI, global superstars like Styles, Adele and Ed Sheeran helped British music exports climb to a record high of £775 million ($974 million) in 2023 based upon estimated label trade revenue — the highest annual total since BPI began analyzing labels’ overseas income in 2000.
UK’s Music’s This Is Music study uses a different methodology to report on export revenues, which it says climbed to a record high of £4.6 billion ($5.8 billion) in 2023, up 15% year-on-year. That export figure is based upon gross income generated overseas by British music companies and creators, including recorded music, publishing, brand endorsements, merchandise sales, international touring by homegrown artists and foreign visitors attending U.K. gigs and festivals (so-called music tourism).
The total number of people employed in the U.K. music industry grew 3% year-on-year to a record 216,000 full-time equivalent posts, reports UK Music.