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Only four of the 20 stocks in Billboard’s Global Music Index were in positive territory this week: Spotify climbed 4.5% to $127.09, Tencent Music Entertainment rose 4.4% to $7.85, Warner Music Group increased 1.5% to $30.21 and Reservoir Media improved 0.2% to $6.15.
Stock markets were rattled again this week by problems in the banking sector. Following a run at Silicon Valley Bank last week, Signature Bank and First Republic faltered this week. Credit Suisse required the backing of the Swiss National Bank on Wednesday after its biggest shareholder refused to inject money to provide much-needed stability. The Dow Jones Industrial Average fell 0.1% this week after dropping 1.2% on Friday (March 17). The S&P 500 improved 1.4% on the week despite falling 1.1% on Friday.
The Global Music Index declined just 0.4% to 1,188.02 despite most stocks falling into negative territory. Spotify and Warner Music Group are two of the most valuable companies in the index. Other large companies had only small declines: Universal Music Group dropped 1.7% to 21.38 euros, SiriusXM fell 0.8% to $3.64 and Live Nation declined 0.4% to $66.36.
The biggest loser of the week was K-pop company SM Entertainment, which fell 23.5% to 113,000 won after HYBE canceled its bid to take control of the company. Last week, SM Entertainment was the Global Music Index’s biggest gainer, improving 14.4% to 147,800 won, after Kakao announced a tender offer to acquire up to a 35% stake from minority shareholders at 150,000 won per share.
The soft advertising market continued to be a problem for radio companies’ stocks. iHeartMedia dropped 12% to $4.31 and Audacy fell 12.5% to $0.14. Morgan Stanley analysts cut the price target for iHeartMedia to $5 from $8 due to “concerns regarding the long-term growth potential of broadcast radio,” according to a March 16 investor note. Year to date, iHeartMedia is down 29.7%, Cumulus Media is off 35.9% and Audacy has declined 39.1%.
Jonas Wikström was promoted to managing director of the Nordics at Universal Music Publishing Scandinavia, succeeding Martin Ingeström, who will remain with the company as chairman of UMP Nordics until his retirement in June. Reporting to UMPG COO Marc Cimino, Wikström is responsible for UMPG’s creative and business operations in the Nordics; he was most recently executive vp of A&R/creative.
Veronica Sanjines was named general manager at Arista Records. The New York-based executive will report to Arista president/CEO David Massey as she oversees general operations for the label and collaborates with the entire roster. She was most recently vp of marketing at Warner Records.
Arica Ng was named president of Asia Pacific at Warner Chappell Music. She joins the company from Meta, where she served as head of music business development in the Asia Pacific.
FUGA appointed Dorothée Imhoff as chief commercial officer, Liz Northeast as senior vp of EMEA and Sven Zeevalk as global head of operations. Meanwhile, former chief commercial officer David Driessen will move to the new position as chief business officer of FUGA’s parent company, Downtown Music, while Darren Owen has been promoted to COO at FUGA. Imhoff has been with FUGA since 2014 when he joined as a business development consultant. Northeast, who was previously FUGA’s GM, U.K., will be responsible for the company’s commercial strategy and business within the wider U.K. and EMEA markets. Zeevalk, who was previously regional head of operations at FUGA, will be responsible for the company’s global operations, including overseeing the regional heads of APAC, EMEA and Americas as well as all client integrations and the global support team. He’s been with FUGA since 2017 when he joined as content manager. Erica De Marchi will take on the role of regional head of operations following Zeevalk’s promotion.
John Coletta was promoted to senior vp & managing director of international at BMI; he was previously vp of international legal & business affairs. Based in New York, Coletta will report to BMI executive vp of licensing & creative Mike Steinberg while overseeing the company’s international department, working closely with foreign performing rights societies to improve business practices and identify growth opportunities. He will additionally work to modernize BMI’s reciprocal agreements and oversee global copyright initiatives. He succeeds BMI vp of international society relations Karen Buse in the role; Buse helped manage the international team on a temporary basis.
Songwriter-producer Bloodpop founded and launched game development studio Genpop Interactive alongside former DeNA and BANDAI NAMCO executive Aubrey Tennant; he will serve as CEO and game director. The studio’s focus is on “building original AAA games that will drive forward the next-gen of music, fashion and gaming culture,” with its first project described as “an ambitious third person shooter with novel movement and combat mechanics.” The company recently raised $6.5 million in seed funding. In a statement, Bloodpop said: “At a time when low risk tolerance among established studios has resulted in predictable re-releases capitalizing on millennial nostalgia, Gen-Z is eager for new IP that speaks to them, and has a long legacy that defines their generation. Major studios have become complacent, relying on giving the Weekend at Bernie’s treatment to their old IP with their publicly traded necromancy. We aren’t just on a mission to create the next great game, but nurture the next generation of popular culture.”
300 Entertainment promoted three executives: Ryan MacTaggart to senior vp of artist development & lifestyle marketing, Gary “Bolo” Sargeant to vp of urban & rhythm promotion and Michael McArthur to vp of A&R. MacTaggart will continue to focus on immersive marketing and artist development, Sargeant will lead promotion at the urban and rhythm formats and McArthur will sign and develop new talent. All three are based in New York.
Shawna Spears was named vp of brand marketing at Venice Music. Joining from TikTok, where she led artist and manager partnerships in hip-hop and R&B, Spears will build and lead the company’s brand marketing team, develop and execute the marketing roadmap across distribution channels and more. She reports to Venice Music executive vp and GM Fadia Kader and can be reached at shawna@venicemusic.co.
The American Association of Independent Music (A2IM) promoted Evan Plake to director of partnerships and Chirag Patel to associate of membership. Additionally, Greyson Zeng was hired as community manager and Nicolle Gutierrez Ospina was hired as executive assistant and accounts administrator. Plake oversees brand partnerships and creative collaborations across the organization’s membership, Patel will continue connecting and supporting indie labels and Zeng will help grow and curate A2IM’s digital and in-person community. Gutierrez Ospina joins from Gold Business Management. Plake can be reached at evan@a2im.org, Patel can be reached at chirag@a2im.org, Zeng can be reached at greyson@a2im.org and Gutierrez Ospina can be reached at nicolle@a2im.org.
Michelle Teh was named senior vp of global classics & jazz at Universal Music Group. She assumes the role after serving on UMG’s global priorities team.
Jesus Trivino is taking on an expanded role at TIDAL; he will continue to lead the company’s Latin team but will now also serve as head of TIDAL’s industry relations (for general market) team.
Vanessa Kanapin was named director of A&R for Germany, Switzerland and Austria at Ultra International Music Publishing. The Berlin-based executive will report to company founder/CEO Patrick Moxey. She joins Ultra from German independent publisher Budde Music, where she was A&R and song plugging manager. Kanapin can be reached at vanessa.kanapin@ultrapublishing.com.
Former Virgin EMI Records senior director Tony Barnes was announced as the co-founder of Karta, a metaverse studio established in 2021 that provides experiential marketing for musicians, brands and sports teams. He co-founded the company with CEO Erik Londré. “Since its launch, Karta has delivered successful projects across Roblox, Fortnite and Decentraland for the likes of Amazon Music, Fnatic, Unilever and Ronald McDonald House,” reads a press release, which notes the company also recently built a fan hub on Roblox for K-pop group TWICE. Barnes can be reached at tony@karta.game.
Jason Leiss was promoted to business manager at FBMM, where he will continue to lead a team of five and oversee all financial aspects for his clients in both business and personal finance.
Following Bandcamp’s sale to Epic Games last year, employees at the popular independent music streaming and sales platform are making efforts to unionize.
On Thursday (March 16), Bandcamp workers filed with the National Labor Relations Board (NLRB) to authorize a union election, marking the latest push by music company employees to unionize. If approved, the workers will hold an election to officially form the union. The effort follows similar initiatives from employees at indie label Secretly Group and YouTube Music, as well as workers at broader tech and media companies like Amazon, Disney and Tesla.
Bandcamp United is a group of “designers, journalists, support staff, engineers and more,” according to a statement, that is “committed to protecting the benefits we have, fixing historical disparities within and across departments, and promoting equitable conditions and economic stability for all of our colleagues.”
“If you think about Bandcamp, it’s about paying artists fairly for the music that we love so much,” says Eli Rider, a Philadelphia-based data analyst for the music streaming and sales platform, and one of the union organizers, in a phone interview. “So, the workers that build the site and support it also would like to have fair and transparent wages.”
Rider wouldn’t elaborate on specific issues around wages or workplace conditions that prompted the employees’ move to unionize. She also wouldn’t specify how many workers were involved in the union effort, but said, “We have a broad base of support,” including from U.S. and international Bandcamp employees.
Discussions around unionizing began during online meetings last July, according to Rider. “Folks just started talking more about what they were experiencing at work,” she says. “It was mostly talk, but then someone had the idea of getting organized.” At that point, they reached out to existing unions, before deciding to affiliate with the Office and Professional Employees International Union (OPEIU) Local 1010.
Bandcamp was sold to Epic Games, the company that owns Fortnite, for an undisclosed amount in March 2022. After the sale, Rider says there was “a shift in our workplace conditions” that he describes as “unexpected.”
In a statement Thursday, Bandcamp’s CEO Ethan Diamond responded: “We are aware that some Bandcamp employees are seeking to organize a union and [we] are reviewing the petition to understand their concerns.”
Formed in 2007, Bandcamp was a crucial outlet for indie musicians after touring revenue disappeared during the COVID-19 quarantine period. Artists relied on the Bandcamp Fridays promotion to sell merch and music; on those days, they received 93% of the revenue compared to 82% on a typical day. On the first Bandcamp Friday after concerts shut down in 2020, fans bought 800,000 items from artists on Bandcamp totaling $4.3 million.
“It is important to us that Bandcamp’s artist-first mission continues with clarity and accountability, with all resources afforded to us distributed in the fairest and most transparent way possible,” the workers said on their website. “We feel a responsibility to support those who are most marginalized, to use our platform with integrity, and to provide reasonable protections and accommodations for those at-risk.”
This is Signed, a new biweekly column that rounds up artist signings at labels, agencies, management companies and more.
Two-time Grammy winner Tori Kelly signed with Epic Records, which will release her latest single, “missin u,” on Friday (March 17) with an album to follow. She’s managed by SB Projects.
Singer-actor Dove Cameron (“Boyfriend”) signed with WME in all areas. She’s signed to Columbia Records and represented by LBI Entertainment, attorney Patti C. Felker and Sunshine Sachs Morgan & Lylis.
Country singer-songwriter Nate Smith (“Whiskey On You”) signed with WME for global representation in all areas. He’ll be represented by Joey Lee, Sloane Cavitt Logue and Braeden Rountree at the agency. He’s signed to Sony Music Nashville and managed by Kevin “Chief” Zaruk and Simon Tikhman at The Core Entertainment.
Bettye LaVette signed with Steve Jordan and Meegan Voss‘ Jay-Vee Records, which is distributed by MRI Entertainment. Jordan produced two previous albums for LaVette, 2018’s Things Have Changed and 2020’s Blackbirds. She’s represented by manager Kevin Kiley; agents Seth Rappaport and Steve Martin at Paladin Artists (North America) and Neil O’Brien of Neil O’Brien Entertainment (international); and publicist Carla Parisi at Kid Logic.
ONErpm signed singer-songwriter Chance Peña, who got started as a contestant on The Voice in 2015. He’s currently working on a new EP to follow up 2019’s project anxiety & mixed emotions and 2020’s The Inevitable. He’s managed by Liz Baylog at Bread City.
Universal Music Group Nashville teamed with Universal Music Canada to sign country singer Josh Ross (“First Taste of Gone”). He’s represented by managers Chief Zaruk and Simon Tikhman at The Core Entertainment, booking agent Adi Sharma at The Neal Agency and publicist Jodi Dawes at UMG Nashville.
Country singer-songwriter Ella Langley (“If You Have To,” “Damn You,” “Country Boy’s Dream Girl”) signed with Columbia Records/Sony Music Nashville. In January, Langley was named to Spotify’s list of Hot Country Artists to Watch.
Toronto rock band Half Moon Run signed with BMG, which will release the group’s fourth studio album. Previous album releases for the band — a two-time winner of adult alternative album of the year at the Junos — include 2013’s Dark Eyes, 2015’s Sun Leads Me On and 2019’s A Blemish in the Great Light. The group is managed by Mathieu Drouin and Marie-Eve Carriere; their label representative at BMG is Steve Nightingale.
Texas-based band Pecos & The Rooftops (“This Damn Song”) signed to Warner Records, which released their latest single, “5AM,” in the leadup to their forthcoming album. The group is represented by managers Chase Cooper and Jeb Hurt at Floating Leaf Entertainment, booking agent Chad Kudelka at CAA and A&R Miles Gersh.
South Africa-born, Canada-raised rapper ARDN signed to Capitol Records, which will release his major label debut single, “Plain Jane” and forthcoming EP, The Bronze Age. ARDN gained notice when a snippet of his song, “Til the Morning,” went viral on TikTok last year.
Los Angeles duo SkyeChristy signed to Warner Records, which released their new single “Beach Zombies.” They’re represented by manager Jesse Beer at The MGMT Company and Bex Majors at Sound Talent Group.
Milk & Honey signed singer-songwriter-producer JHart, production duo The Elements and songwriter-producer-composer Alexis Kesselman, who performs under the name Idarose. The company will manage all aspects of their music careers, including artist projects. JHart will be managed by Lucas Keller, Nic Warner and Danny Herrle; The Elements will be managed by Ant Hippsley, Keller, Warner and Justin Frazier; and Kesselman will be managed by Keller, Warner and Frazier.
Minneapolis indie-rock trio Yam Haus signed to Big Loud Rock, the new alternative/rock imprint of Big Loud Records. The label released the trio’s latest single, “Rafters.” The group is represented by managers Deborah Wilson and Doug Wilson at Wilspro and agent Sara Schlievert at Paladin Artists.
Pittsburgh-based rock and blues group Ghost Hounds signed to Gibson Records, which will release the band’s fourth studio album on June 29 in partnership with distributor Firebird Label Services. It will mark the second album release from the recently-formed Gibson Records following Slash ft. Myles Kennedy & The Conspirators’ album, 4, last year.
Drummer-producer-emcee Kassa Overall signed to Warp Records, which will release his new single “Ready To Ball.” He previously released two studio albums, 2019’s Go Get Ice Cream and Listen to Jazz and 2020’s I Think I’m Good.
Los Angeles-based “grit-pop” duo ill peach signed to Hardly Art, which released their new single, “Heavyweight,” on Feb. 28. Ill peach is managed by Chris Mcilvenny and Nic Damasio at Tap Management.
Country artist Kirk Jay signed to Yung Bleu’s label Moonboy University, which is distributed by EMPIRE. Jay was a finalist on The Voice in 2018.
Philadelphia rapper Sheedts signed to Great Day Records, the label launched in January by Barolilne Diaz in partnership with Todd Moscowitz‘s Santa Anna and Alamo Records. The news coincided with the release of a video for “Rockin’ & Rollin’,” a track off Sheedts’ 2022 album 5ive. He’s managed by Rahee “Heezy” Ellis.
Singer-songwriter and American Idol alum Harper Grace signed with Curb Records, WME and Jonas Group Entertainment. Her first original song is set to drop on Friday (March 17).
Arthur Moon, Cale Hawkins and Raia Was have joined together to form Switch Hit Records, described as a “musicians-run cooperative record label committed to giving artists 100% of the profits from their work” that’s comprised of “a collective of multi-hyphenate artists: producers, instrumentalists, composers, musical directors and business owners.” Moon, Hawkins and Was have all released singles through the label, while full-length albums from all three are expected for release later this year.
Metallica has always had a strong independent streak for a band that spent its formative years on a major label. Now, a decade after getting the rights back to their biggest albums, the band is buying Furnace Record Pressing, a plant in Alexandria, Va., to serve its vinyl business, which has grown by keeping catalog albums in print and releasing ambitious box sets aimed at its legions of hardcore fans.
For a decade, Furnace has pressed records for the band, which has a reputation for releasing high-quality vinyl. At a time of supply-chain issues and manufacturing delays, the plant helped the group keep most of its albums available, plus a growing number of ambitious box sets. (Its most recent “black album” box set includes a double LP of the album, three live LPs, 14 CDs and 6 DVDs.) Last year, the group pressed more than 902,500 pieces of vinyl for more than 620,000 packages, according to management, not all of which are made at Furnace. The band sells roughly half of these in the U.S.
“We couldn’t be more happy to take our partnership with Furnace,” and its founders “to the next level,” said Metallica drummer Lars Ulrich in a statement. James Hetfield, the singer-guitarist who co-founded the band with Ulrich, said that the plant had been “great to Metallica and more importantly to our fans,” and that the purchase would ensure that potential vinyl buyers “will have continued access to high quality records in the future.”
Those fans are already buying a good deal of vinyl. In 2022 and 2021, Metallica rated among the best-selling acts on vinyl in the U.S., according to Luminate – No. 6 in 2022, with 387,000 albums sold and No. 7 in 2021 with 337,000 sold. That’s especially remarkable for a brand that hasn’t released a new album since 2016. (In 2022, the group’s most popular release was Master of Puppets, which sold 91,000, followed by “the black album” and Ride the Lightning.) In most years, the U.S. accounts for roughly half of the group’s vinyl sales worldwide.
“Metallica over-indexes dramatically with physical product,” says Marc Reiter, who helps run Blackened Recordings, the band’s label. “The fans enjoy owning the physical product.”
Although the band hasn’t released a new album since 2016 – the new album, 72 Seasons, comes out April 14 – there’s plenty of product out there. The band regularly releases box sets devoted to their albums, most recently Bob Rock-produced “black album,” and does a good job keeping in print its older releases.
Its relationship with Furnace, which goes back almost a decade, has been part of that. “The catalog is always being pressed,” says Brant Weil, head of marketing at Q Prime, the band’s management company. A couple of years after the band got back the rights to its older albums, its management team realized that it needed a steady supply of vinyl that could live up to the bandmembers’ high standards.
Furnace, which then also brokered vinyl pressing capacity at other plants, arranged a deal with Pallas, a German pressing plant with a reputation for high-quality work, and Q Prime was able to arrange to essentially lease its own presses there. “We never want to be out of stock on Metallica vinyl,” Weil says. “I didn’t want our release plans to be dictated by manufacturing timelines.”
At that point, “any vinyl shortages ceased to be,” Reiter says. Eventually, as Furnace started pressing more records itself, they started pressing more for Metallica as well.
Gradually, the two companies grew close. “We looked at them as more of a partner than a client,” says Furnace found CEO Eric Astor. (As it happens, the first record Furnace worked on was the 2008 re-release of “the black album” as an audiophile edition.) Furnace, like Pallas, has a reputation for doing quality work at a time when some pressing plants have sacrificed quality for output. “We’d rather throw out some bad records than make as many as we can,” says Furnace COO Ali Miller. (Discarding some vinyl is a factor in quality control.) Furnace has been pressing copies of the band’s forthcoming album, 72 Seasons, since January.
Furnace will not change much, Astor says, and plans call for the plant to keep working on other projects, as well as ones for Metallica. “They want to keep the quality and service the whole industry,” Astor says. “It will give us the opportunity to invest more.”
The hope is that Furnace can grow – as both a partner to the band, as well as an investment the group and its team have come to understand well. “They have the same indie spirit we have,” Reiter says, “and they like doing things the right way, which is also the Metallica way.”
Recorded-music revenue hit an all-time high in Spain last year, growing by double digits over 2021, reports Productores de Música de España (Promusicae), the association that represents 95% of the country’s recording industry.
In 2022, Spain’s recorded music market earned a total of 462 million euros ($494.5 million), marking an increase of 12.4% over the 411 million euros ($440 million) in revenue achieved the year prior, Promusicae reported Monday (March 13).
Eighty-seven percent of last year’s total revenue number — or 402 million euros ($429 million) — was generated by music sales, up 9.3% from 2021. The digital market accounted for nearly 86% of music consumed in Spain last year at 345 million euros ($370 million), 98% of which, or 340 million euros ($364 million), came from streaming. Meanwhile, physical sales, which generated 56 million euros ($60 million) in revenue, continued to decline despite growth in the vinyl market.
In the digital sphere, consumption of both audio and video music streams grew by 13% and 16%, respectively, compared to 2021. That translates to 17 million Spaniards using audio streaming platforms in 2022, with 5.2 million of those listeners holding premium subscriptions — up 18% over the previous year. Overall, nearly 36% of the Spanish population used audio streaming platforms in 2022.
Courtesy PROMUSICAE
The physical music market continued to shrink despite another strong year for vinyl, which grew 15% and generated 29 million euros ($31 million) in sales, compared to 26 million euros ($29 million) generated by CD sales. In units, more CDs are still being bought than vinyl (2.6 million units compared to 1.7 million vinyl records were shipped in 2022), even as more-expensive vinyl surpassed CDs in revenue terms. Rosalía‘s Motomami was Spain’s top seller on vinyl last year, though Promusicae did not provide sales numbers for the title.
The Promusicae report also notes that revenue from intellectual property rights has been booming for record labels, increasing by 42% last year to 56 million euros ($60 million). The report cautions, however, that the increase is distorted somewhat by a return to normal activity in sectors like hospitality and nightlife following pandemic-era restrictions.
Courtesy PROMUSICAE
Meanwhile, Spanish-language music further solidified its dominance in the country, with Bad Bunny, Rosalía and C. Tangana outpacing Anglo artists like Harry Styles and Taylor Swift in overall sales (see charts below).
“Closing 2022, maintaining a sustained growth in the last five years — despite the slowdown of the pandemic — is great news that rewards the effort, work and investment of the entire recording industry in our country,” Promusicae president Antonio Guisasola says in a statement. “It opens a window of hope to reach levels of the previous decade.”
Guisasola adds that other European countries, such as the United Kingdom or Italy, “are achieving great benefits that redound to the brand and culture of the country through music, and ours cannot be left behind in this highly competitive environment in which we have the strategic asset of the Spanish language.”
Courtesy PROMUSICAE
On the downside, piracy continues to be a problem in Spain. Promusicae notes that according to the IFPI Engaging With Music 2022 report, 32% of Spaniards use unauthorized or unlicensed methods to listen to or download music. The percentage is even higher for individuals between 16 and 24 years old, with 49% of that age demographic listening to pirated music.
Top 10 albums by revenue in 2022:
Bad Bunny, Un Verano Sin Ti
Rosalía, Motomami
C. Tangana, El Madrileño
Harry Styles, Harry’s House
Rauw Alejandro, Vice Versa
Sebastián Yatra, Dharma
Bad Bunny, YHLQMDLG
Manuel Carrasco, Corazón y Flecha
Taylor Swift, Midnights
Mora, Microdosis
Top 10 songs by revenue in 2022:
Bizarrap x Quevedo, “Quevedo: BZRP Music Sessions, Vol. 52”
Manuel Turizo, “La Bachata”
Rosalía, “Despecha”
Bad Bunny, “Tití Me Preguntó”
Sebastián Yatra, “Tacones Rojos
Bad Bunny, “Me Porto Bonito” feat. Chencho Corleone
Rauw Alejandro, “Desesperados” feat. Chencho Corleone
La Pantera, Quevedo Juseph, Cruz Cafune, Abhir Hathi “Cayó La Noche (Remix)”
Shakira, “Te Felicito” feat. Rauw Alejandro
Bizarrap x Tiago PZK, “Tiago PZK: BZRP Music Sessions, Vol. 48”
Sean “Diddy” Combs is looking to acquire a majority stake in Paramount’s BET businesses, which includes BET, VH1, BET Studios and the streaming service BET+, according to The Hollywood Reporter.
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As previously reported, if a deal closes, Paramount is expected to maintain a minority stake in the business, as well as a commercial relationship. Scott Mills currently serves as BET’s CEO. In January, the company announced plans to merge its Paramount+ and Showtime businesses.
In addition to Diddy, possible buyers include BET partner and producer Tyler Perry, as well as Weather Channel owner Byron Allen.
Diddy is a longtime entertainment mogul, and continues to diversify his portfolio of music, fashion, drinks and TV ventures internationally. In 2013, Combs launched REVOLT Media & TV, the first Black-owned multiplatform cable music network, and has since expanded with new businesses like Empower Global formally Shop Circulate, Our Fair Share, Love Records and cannabis distribution by acquiring Cresco Labs.
In February 2023, he rebranded his parent company from Combs Enterprises to Combs Global.
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Billboard is returning to SXSW in Austin this year for three nights of star-studded concerts, an interactive content house and a plethora of panel discussions featuring musicians, music industry leaders and Billboard staff members.
Panels kick off Monday (March 13), while three Billboard Presents The Stage at SXSW concerts are slated to follow later in the week. On Thursday (March 16), rapper and singer Lil Yachty will usher in the trio of shows with opening acts Lola Brooke and Armani White (presented by Doritos), followed by Feid and Eladio Carrión on Friday (presented by Samsung Galaxy) and Kx5 (Kaskade and deadmau5) on Sunday (presented by Carnival).
Warner Chappell’s Guy Moot Leads SXSW 2023 First Round Speakers
03/13/2023
All Billboard Presents The Stage at SXSW concerts are set to take place at Austin’s Moody Amphitheater at Waterloo Park at 7 p.m CT.
Below is a list of where to find Billboard staffers and events at SXSW this week.
Monday, March 13
The Influence of Latin Music on Global Touring11:30 a.m. – 12:30 p.m. CT | Austin Convention Center, Room 18ABBillboard‘s senior Latin writer Griselda Flores will moderate a panel examining the impact that emerging and heritage Latin artists will have on the future of global touring. More info.
The Power of Connection with Emerging Technologies4 – 5 p.m. CT | Empire, 607 East 7th Street, AustinBillboard‘s senior director of touring/live entertainment Dave Brooks will moderate a panel with Dentity CEO Jefferey Schwartz, Rebecca Thorne of See Tickets, Stephen Chilton of Psyko Steve Presents and Dani Slocki of vSpace to discuss innovations in technology and how that relates to Web3, ticketing, access, Identity verification, fan appreciation, fan clubs, consumer engagement and more.
Tuesday, March 14
The Neighbors Have Money For You: Neighboring Rights Now1 – 2:30 p.m. CT | Parkside, 301 E. 6th St, AustinBillboard‘s deputy editorial director Rob Levine will host a panel of presenters to discuss neighboring rights and explain the different revenue sources and options rightsholders have to collect royalties. More info.
What to know: Royalties, Rights and Recording Artists2 – 3:30 p.m. CT | Courtyard Marriott, Rio Grande Ballroom, 300 E. 4th St, AustinBillboard‘s chief brand officer Dana Droppo will moderate a panel with SAG-AFTRA and top recording artists to discuss how the union can help artists protect themselves and what tools are available to help ensure a long-term career. This event will also be available online. More info.
Audible is Bringing a Dynamic Music Storytelling Experience to SXSW
03/13/2023
Wednesday, March 15
Rebuilding the Touring Industry from Scratch2:30 – 3:30 p.m. CT | Austin Convention Center, Room 17ABBillboard‘s special features/power lists editor Taylor Mims will moderate a panel examining how the key players in the touring industry have rebounded from the ruins of COVID over the past two years. More info.
Featured Session: How Music, Entrepreneurship, & Independence Intersect2:30 – 3:30 p.m. CT | Austin Convention Center, Room 16ABBillboard‘s R&B/hip-hop reporter Heran Mamo will moderate a panel on the steps needed to build a successful entertainment company that transcends cultural boundaries. This event will also be available online. More info.
Thursday, March 16
Featured Speaker: Music Publishing in the New Songwriter Economy11:30am – 12:30 p.m. CT | Austin Convention Center, Room 16ABBillboard‘s editorial director Hannah Karp will discuss the future of music publishing and the new songwriter economy. This event will also be available online. More info.
How Global Collecting Societies Change Publishing2:30 – 3:30 p.m. CT | Austin Convention Center, Room 17ABBillboard‘s deputy editorial director Rob Levine will discuss how the rise of globalized collecting societies will affect the publishing business and the songwriters who depend on it. More info.
The Creator Boom: How the Industry Can Transform2:30 – 3:30 p.m. CT | Austin Convention Center, Room 18CDBillboard‘s music publishing reporter Kristin Robinson will moderate a panel discussing the rise of AI music companies and music creation tools, as well as DIY distribution services that are enabling bedroom creators — and how both creators and the industry are transforming to keep pace with this new creator paradigm. More info.
Billboard x Doritos® partner to take flavor to ANOTHER LEVEL® in Austin, TX
03/13/2023
Welcome to the Machine: Art in the Age of A.I.4 – 5 p.m. CT | Austin Convention Center, Room 12ABBillboard‘s deputy editorial director Rob Levine will also discuss the future of artificial intelligence in the music business and how “functional music” can be used to help listeners study or sleep. More info.
Billboard Presents The Stage at SXSW: Lil Yachty7 p.m. CT | Moody Amphitheater at Waterloo Park, 1401 Trinity St., AustinPresented by Doritos, rapper and singer Lil Yachty will perform with opening performances by Lola Brooke and Armani White. Buy tickets here.
Doritos After Dark at Billboard House10:30 p.m. – 1:30 a.m. CT | 800 Congress, AustinDoritos will be taking over the Billboard House for a late-night, one-night-only dining experience featuring an all-vinyl set by DJ Pee .Wee (Anderson .Paak). The experience will be available to SXSW badge holders on a first-come-first-served basis. More info.
Friday, March 17
Billboard Presents The Stage at SXSW: Feid and Eladio Carrión7 p.m. CT | Moody Amphitheater at Waterloo Park, 1401 Trinity St., Austin, TX Presented by Samsung Galaxy, Latin superstars Feid and Eladio Carrión will perform. Buy tickets here.
Saturday, March 18
Billboard Presents The Stage at SXSW: Kx5 (KasKade and deadmau5)7 p.m. CT | Moody Amphitheater at Waterloo Park, 1401 Trinity St., Austin, TXPresented by Carnival, electronic dance titans Kx5 (Kaskade and deadmau5) will perform. Buy tickets here.
Billboard’s parent company PMC is the largest shareholder of SXSW and its brands are official media partners of SXSW.
Wade Jessen, an exacting and encyclopedic country music figure who oversaw the Billboard country charts for two decades, was announced March 13 as a 2023 inductee into the Country Radio Hall of Fame.
Jessen joined Billboard in December 1994, handling the genre’s charts during a difficult period of transition for the industry in which the introduction of streaming technology changed the way consumers experienced music. His work with Billboard included oversight of the Christian, gospel and bluegrass charts, and he played a role in the development of the groundbreaking Hot Country Songs chart — which blends airplay, sales and streaming data — reflecting significant changes in consumer behavior in 2012. Jessen died shortly after his 20th anniversary with the company, suffering a heart attack on March 5, 2015, less than a week after that year’s Country Radio Seminar concluded.
The Billboard charts job was the final entry on Jessen’s résumé, though it was hardly the only significant span in his work history. He held an on-air role in two different stints at KSOP Salt Lake City before taking the music director position at historic WSM-AM Nashville, the home of the Grand Ole Opry, in 1987. Even after he shifted to the chart position, Jessen continued to keep his radio voice in working condition, imparting his knowledge on SiriusXM’s classic country channel, Willie’s Roadhouse.
Jessen was one of six new members announced on the first day of this year’s Country Radio Seminar by Kelsea Ballerini along with the Hall of Fame’s co-chairs, consultant Joel Raab and Audacy/Detroit vp of programming Tim Roberts.
Joining Jessen as off-air inductees are Pam Green, Charlie Morgan and John Willyard. Newly announced on-air members are Trish Biondo and Dollar Bill Lawson.
Green came to prominence during a 13-year run as music director at WHN New York, a station that was among the genre’s first to employ research to connect with the nation’s most diverse local audience. She held a position with Raab’s consultancy and served as United Stations Radio Networks senior director of artist relations, continuing in the post after the company was absorbed by Westwood One. Along the way, she became one of country’s first female music directors.
Clockwise from top left: Trish Biondo, John Willyard, Charlie Morgan, Pam Green and Dollar Bill Lawson.
Courtesy of CRS
Morgan has a lengthy history with Country Radio Broadcasters, where he served as board president. He is the current board chairman for the Country Music Association. Morgan’s tenure was spent primarily in Indianapolis, where he worked on-air at WFMS, rising to program director for the station and country sister WGRL, en route to becoming vp/market manager for the Susquehanna cluster, now part of the Cumulus chain. Morgan shifted to rival Emmis/Indianapolis, including country WHLK, in 2009, adding stints at Emmis/New York and Apple Music, where he is global head of radio and music programming.
Willyard sets a precedent as the first inductee recognized primarily for voice acting and imaging. Boosted by 2012 Hall of Fame inductee Rusty Walker, Willyard became the central voice for more than 100 country stations, maintaining a similarly sized client list for more than 30 years. He has also handled the voiceover work for the Country Music Association Awards for two decades.
Biondo built her Hall of Fame credentials primarily at WUSN Chicago, beginning in research and promotion during college, segueing to board operator and eventually handling the microphone and the music director position. She spent 14 years in mornings before taking on the midday role. She also spent an early portion of her career in Nashville as an intern at MTM Records.
Lawson received the Tom Rivers Humanitarian Award during the opening-day ceremonies at CRS 2019 and returned to the winners circle this year for his work on-air in Birmingham, Ala. He spent 18 years at WZZK, with a decade in the a.m. daypart, and has held the same morning-drive role at WDXB since 2002.
This year’s class will be officially inducted during a dinner ceremony at the Virgin Hotel Nashville on July 10.
In the Napster era, paid downloads were a music industry savior, generating $1.3 billion at their peak in 2012, according to Luminate. But the format seems like it’s headed toward extinction. Digital track sales have plummeted over the past decade, from 1.3 billion in 2012 to 152 million last year, a decrease of 88.6% — in 2022 alone, they dropped 25.1% from the previous year.
The declining importance of the format is evident in the desktop version of Apple’s once mighty iTunes Store, which now buries such purchases halfway down its Apple Music homepage. At Amazon, searching for MP3s diverts consumers to the Amazon Music streaming platform, where options include streaming as well purchasing digital music, vinyl or CDs.
“It’s a business that has been in steady decline for years,” says a source at a major label, adding that the company doesn’t receive complaints from consumers about the lack of prominently displayed downloads on retail sites. “We’re in a streaming economy now.”
That said, the sale of 152 million tracks translates to revenue exceeding $152 million, and many artists and labels say the format remains both useful and lucrative. If an artist racks up a significant number of digital sales — like Bonnie Raitt, who sold 9,000 downloads of “Just Like That” in the week following her February Grammy award win for song of the year — it can boost chart performance and validate career relevance. (A download sale is weighted more heavily in determining Billboard chart metrics than a single stream.)
And download sales can be valuable in other ways. In January 2021, two years after Avery Anna became TikTok famous as a high school student for singing country songs in a bathtub while self-isolating during the pandemic, her track “Just Cause I Love You” shot up the iTunes chart. “When we see something pop up on that chart, that certainly makes us pay attention,” says Warner Nashville senior vp of commercial partnerships Tim Foisset. Downloads are “an early indicator that there is something there — a certain fan base is going to engage with a certain artist.” Five months later, Warner Nashville announced it had signed the Flagstaff, Ariz., singer-songwriter.
“It’s part of the list of tools we employ to move on the chart,” Foisset adds. “While it isn’t crucial to our day-to-day decision-making or overall revenue, this is something that still can be important when we’re building a story for a song or a developing artist.”
Downloads generally appeal to an older crowd that prefers ownership to the song-renting nature of YouTube or Spotify. But younger K-pop and Taylor Swift fans respond to exclusive deals, like Swift’s 12-hour January sale of limited-edition digital copies of Midnights with exclusive cover art. Christine Barnum, chief revenue officer of distributor CD Baby, calls the format a piece of virtual merchandise that is “a much more approachable version” of a non-fungible token.
So far, though, that hasn’t connected with listeners the way that physical formats have of late. According to the RIAA, cassette sales jumped 28.3% from 2021 to 2022, from 343,000 to 440,000. Vinyl’s growth has been well documented, rising 847% from 2012 to 2022. Year-over-year growth decelerated in 2022 to a modest 4.3%, rising from 41.7 million in 2021 to 43.5 million.
Overall sales of physical product are dwarfed by streaming, which accounted for 84% of the industry’s total 2021 revenue of $12.4 billion. But revenue for physical sales reversed a decline during the pandemic, rising in 2020 for the first time in 16 years from $1.1 billion in 2019 to $1.2 billion in 2020, then continuing to grow to $1.7 billion in 2021.
Fans can’t hang downloads on their walls, though, and the format continues to slide. “Not very important,” says Ben Swanson, COO of top independent Secretly Group. “We still track it and sell it, but we don’t use that data meaningfully in budget discussions or anything like that.”
While Miley Cyrus’ “Flowers” has topped Billboard’s Digital Song Sales chart for the past five weeks, Jonathan Daniel, manager at Crush Music, says the revenue is not very significant for a pop star on her level. The download success, though, is useful to show that an older audience has come around to the former teen star’s work. “It’s a relative gauge of a slightly older listener — more of a [adult top 40] or adult contemporary format than, say, a pop or alternative-format listener,” says Daniel, who also represents Sia, Green Day, Lorde and Fall Out Boy.
Amazon and Apple representatives didn’t respond to requests for comment. Several online retailers, however, still emphasize downloads. Beatport’s customer base relies on them for its DJ sets — its download sales have increased by 5% to 10% every year since 2017, according to CEO Robb McDaniels. “We’re probably one of the only places in the world where download sales are increasing,” he says. “I think the labels are happy to see that.”
Barnum adds that downloads remain crucially important for indie artists who make far less than Cyrus’ level of revenue. “It’s a great tool — ‘I bought your download’ as opposed to ‘I played something on Spotify,’ ” she says. “Point zero-zerozero-something cents versus a dollar.”