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We’re a week into 2025, and Elon Musk and Mark Zuckerberg have gone full MAGA and parts of Los Angeles are burning.
Much like the world in general, the music business seems to be at an inflection point, its dominant subscription-streaming business model challenged by its success. As growth slows in the U.S. and Europe, labels and artists must contend with an avalanche of new music, disruption from distribution startups, and a possible ban on TikTok in the U.S. Then there’s the looming threat of generative artificial intelligence, which raises the uncomfortable prospect that computers could write songs about a dark future in which computers write songs about a dark future.
In a lighter spirit, here are my predictions for the coming year: the good, the bad, the ugly — and the nerdy.
TikTok’s time will not run out — but the issue won’t go away
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The case against TikTok is tighter than many people assume — the U.S. has always restricted foreign ownership of some media (which is why Sony is the only company that owned a movie studio but not a television network). But at a time when both political parties need to show that they matter to young people, the availability of TikTok is a tempting problem to solve. So it’s easy to imagine a compromise — which will last unless tensions rise with China and mysteriously popular videos portray Taiwan as a breakaway province.
Catalogs will continue to sell — but it will be obvious that some were overvalued
The market for publishing catalogs and other rights depends mostly on economics, but demographics matter, too. Baby Boomer performers and songwriters are at an age when they’re doing estate planning, and since many have led complicated personal lives, it’s often simpler to sell assets rather than divide them. That, and streaming growth, will keep the market steady overall. But it will emerge that at least some of these acquisitions weren’t worth the price. Any market only has so many blue-chip assets.
Trump’s administration will settle the federal antitrust case against Live Nation — but some states won’t back off
President Joe Biden’s administration made antitrust a priority, and the Justice Department’s case against Live Nation symbolized its ambition. (The case is complicated.) Most Republicans disdain antitrust enforcement and vice-president-elect JD Vance seems to favor it, but Trump’s consistent desire for visible wins on popular issues will tempt him to settle and declare victory. The states that joined the Justice Department case might not agree, however, and they could continue to pressure the company in other ways.
This will be the winter of our diss-content — but it will not last
Some feuds only have winners. Together, the six tracks at the center of the rap battle between Kendrick Lamar and Drake generated nearly $15.4 million in streaming, digital sales and publishing revenue by late November, according to a Billboard estimate based on Luminate data. No wonder the Drake freestyle “Fighting Irish” already appeared briefly on Jan. 3. Expect a few more lyrical salvos, one or two of which could do well. After that, hip-hop fans will move on.
More mergers are coming — at high prices
The Trump administration may move to limit market concentration in technology and some sectors of the media business, but the recorded music business won’t be a priority. If European regulators approve Universal Music Group’s acquisition of Downtown Music Holdings, another label group will buy another distributor. At what price, though? Companies, like catalogs, are selling for high multiples — especially distributors, which are strategically important to maintain market share and ensure access to talent. How much is too much? We’ll soon find out.
Concert ticket prices will keep rising — while Live Nation gets the blame and the money
As my colleague Dave Brooks points out, some concertgoers have had sticker shock longer than others have been alive, yet they keep paying top dollar to see their favorite artists. Prices will rise most for big shows, boosted by FOMO and the ability to tell everyone you were there on social media. Live Nation will take the blame and make more money, even though prices have more to do with supply and demand — there are only so many tickets to go around.
“Streaming 2.0” will take off — and we’ll figure out what it means
Subscription streaming saved the recorded music business, but its flaws are starting to show. Online platforms are full of AI elevator music and sped-up versions of existing songs. Meanwhile, rightsholders are pushing for a price increase. The solution, according to UMG, is “Streaming 2.0,” a concept introduced at UMG’s capital markets day presentation and mentioned again in the company’s announcement of its new deal with Amazon Music. The basic idea is to segment pricing, to drive up ARPU by offering more value to superfans. This is the year we’ll get some details.
Streaming services will set themselves apart from rivals — at least a little
The tiered pricing model implied by Streaming 2.0 means online platforms could be incentivized to offer additional content or functionality for superfans. Exclusives died in 2016, when the industry’s focus was on adding subscribers. Now it needs to get some of them to pay more. Imagine extra tracks, like those that go to big-box retailers, or behind-the-scenes video — content that’s worth something to a relatively small number of superfans but won’t capture the interest of casual fans.
Emerging markets will keep emerging — but will stay that way for some time
As streaming growth slows in the U.S. and Europe, all eyes are on emerging markets — countries in South America, Africa and the Middle East. The growth is impressive, and the excitement is palpable, but some of these markets account for so little revenue that it will take some time for them to matter as much as people expect. For the next decade, most of them will bring in less revenue than vinyl records in the U.S.
At least one major star will go all-in on Trump — and many fans won’t care
As Trump prepares to take office, the resistance is losing its persistence — especially in the media business. Walt Disney Company CEO Bob Iger signed off on subsidiary ABC’s settlement with Trump, and Meta CEO Mark Zuckerberg announced that the company would prioritize free speech, in a way that looks like he kissed Trump’s ring. Before 2026, at least one major pop star will follow, either out of genuine enthusiasm or just because it’s easier. The expected outrage will not materialize.
Lyndsay Cruz, who has served as executive director of the Academy of Country Music’s Lifting Lives philanthropic arm since 2019, has stepped down.
The shift comes as the organization seeks a director based in Nashville. The Academy moved its headquarters from Los Angeles to Nashville in December 2022. Cruz, who is looking for other opportunities, lives in Los Angeles with her family where the Academy had been based.
“I am so proud of the work that my team and I accomplished during my time at ACM Lifting Lives. With a focus on health-related initiatives, we were able to help the country music industry through the COVID-19 pandemic and the continuing mental health crisis, all while working to remove the stigma around mental health struggles,” said Cruz, who was on Billboard’s Country Power Players list in 2022 and 2023 and on Billboard’s Women in Music list in 2023.
During Cruz’s tenure, Lifting Lives raised more than $6 million. More than $4 million was disbursed from Lifting Lives’ COVID-19 fund to over 2,000 people in 42 states. Lifting Lives’ mental health fund, which was created as COVID-19 waned, has handed out $400,000 in grants to individuals and organizations that prioritize mental health support for those working in the country music industry.
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“It was only with the help of the passionate people in the industry who are willing to give back that we were able to raise and distribute over $6 million during my time leading ACM Lifting Lives. We had artists like Lainey Wilson, Morgan Wallen, Jelly Roll, Luke Bryan, and so many others step up to help when they knew others needed it,” Cruz said. “Some of the moments that stick out in my head over the past few years include our Covid fund, mental health focus, music therapy programs and mostly, the industry and artists stepping up to support Lifting Lives with their time and resources. Jelly Roll and Lainey Wilson singing ‘Save Me’ at the ACM Awards in 2023 inspired by ACM Lifting Lives mental health related work was one of the top highlights of my time with the organization.”
Cruz says she hopes to continue to work in philanthropy as she believes deeply in the mission of such organizations as Lifting Lives — as both executive director and someone who needed help.
“As I leave my post, I want to reiterate how important the support for organizations like this is, and for individuals going through struggles,” Cruz says. “The mental health crisis is so prevalent, especially in the entertainment and music industries, and I’m proof of that. I’ve had recent struggles with mental health, having to step away from my role for a moment to take care of myself and give permission to feel. It’s been life-changing to get a handle on my own life and focus on what’s really important, and I will continue to do that moving forward, and help others with their struggles.”
The Academy has not yet begun its search for her replacement.
Liberty Media, a major shareholder in Live Nation and SiriusXM, named Derek Chang as its new president/CEO, the company announced Wednesday (Jan. 8). He will begin his new role on Feb. 1. Liberty Media chairman John Malone will serve as interim CEO in the meantime. Chang’s hiring follows the departure of longtime CEO Greg Maffei, […]
As a trio of devastating wildfires continues to spread through the greater Los Angeles region, music and music-related events — including several tied to the current film awards season in the city — are being canceled or postponed out of both safety concerns and respect for the unfolding situation.
As postponement and cancellation announcements continue to come through, we’re keeping track with the updated list below. (These are listed in descending order of announcement, so you can find the latest cancellations at the top.)
Better Man premiere
Paramount Pictures canceled the L.A. premiere of its forthcoming Robbie Williams biopic Better Man on Wednesday (Jan. 8), with a studio spokesperson stating, “Due to the dangerous conditions affecting Los Angeles we are canceling tomorrow’s premiere of ‘Better Man.’ Our thoughts are with those impacted by the devastating fires resulting from these conditions, and we encourage everyone to stay safe and follow guidance and orders from local officials and government agencies.”
Critics Choice Awards
The annual film and TV awards ceremony — which boasted nominees including Miley Cyrs, Trent Reznor & Atticus Ross, Selena Gomez and Maren Morris in the Best Song category — was postponed from Sunday (Jan. 12) to Jan. 26 at the Santa Monica Airport’s Barker Hangar. “This unfolding tragedy has already had a profound impact on our community. All our thoughts and prayers are with those battling the devastating fires and with all who have been affected,” said Critics Choice Association CEO Joey Berlin in a statement.
Unstoppable premiere
A red-carpet screening of the wrestling drama starring Jennifer Lopez set for the DGA in West Hollywood on Tuesday night (Jan. 7) was also canceled due to the fires. “In light of today’s safety concerns around heightened wind activity and fire outbreaks in Los Angeles, we regret to inform you that we are canceling tonight’s premiere of ‘Unstoppable,’” said the studio in a statement. “As much as we were looking forward to celebrating this wonderful and inspiring film with you, safety is our first priority. We encourage everyone to watch ‘Unstoppable’ on Prime Video, which will be available globally on January 16. Thank you for your understanding and please stay safe.”
Emilia Perez music event
An event in Hollywood to celebrate the music of the Netflix film starring Selena Gomez that was set to be attended by songwriters/composers Camille & Clément and star Karla Sofía Gascón was canceled by the streamer.
A Complete Unknown screening and dinner
A screening and dinner for the Bob Dylan biopic starring Timothee Chalamet set to take place at the San Vicente Bungalows in West Hollywood on Thursday (Jan. 9) was postponed.
American Cinematheque Tribute to the Crafts
The ceremony, which celebrates individuals in 14 filmmaking categories from the past year, including music, was postponed from Thursday (Jan. 9) at Hollywood’s Egyptian Theatre, with a new date to be announced later. “We have made the decision to postpone tomorrow’s (January 9th) Tribute to the Crafts at the Egyptian due to the dangerous ongoing fires and wind conditions. We will update you on a new date as soon as we know,” said a statement released by the organization.
Selena Gomez’s Rare Pop Up
A pop-up event slated from Friday to Sunday (Jan. 10-12) at Complex LA to celebrate five years of Gomez’s Rare album was postponed.
A Blackstone-led group of investors is buying a majority stake in Citrin Cooperman, which owns one of music’s most important valuation firms. The Financial Times has reported that this deal gives the target an enterprise value of $2 billion. As part of the transaction, Blackstone is acquiring New Mountain Capital’s stake in the firm.
As the music industry’s catalog market grew red hot over the last decade, Citrin Cooperman has become a leading expert, helping buyers and sellers determine the value of musical IP. Its Music Economics and Valuation Services practice is co-led and founded by Nari Matsuura. It is also co-led by Barry Massarsky, who joined the firm after it acquired his own company, Massarsky Consulting, in 2022. The team’s many clients include power players like Hipgnosis Songs Fund, Primary Wave and Reservoir Media, and it has reportedly overseen roughly 750 catalog valuations worth more than $15.5 billion between 2021 and 2022 alone.
But the firm does far more than just music catalog valuations. Founded in 1979, Citrin Cooperman is a trusted advisor to more than 15,000 clients globally through various tax advisory and accounting services.
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In late 2023, Citrin Cooperman was involved in a controversy surrounding its client, Hipgnosis Songs Fund. At the time, Hipgnosis announced that it would cancel a planned quarterly dividend payment to shareholders, due to a decision it said was made by Citrin Cooperman to reduce its expectations of retroactive payments from the Copyright Royalty Board’s Phonorecords III ruling by more than 50%, which it called an “industry-wide” issue. Billboard spoke to other catalog owners at the time who disputed the claim that this was “industry-wide,” saying there had been no recent updates regarding Phono III and that it seemed like a situation unique to Hipgnosis and Citrin Cooperman.
Deutsche Bank Securities Inc. is serving as financial adviser to Blackstone in the transaction, while Kirkland & Ellis LLP and Gibson, Dunn & Crutcher LLP are serving as its legal advisers. Guggenheim Securities, LLC is serving as lead financial advisor to New Mountain and Citrin Cooperman, with Koltin Consulting Group serving as an additional financial adviser to both parties. Simpson Thacher & Bartlett LLP, Zukerman Gore Brandeis & Crossman, LLP, and Hunton Andrews Kurth LLP are serving as legal advisers to New Mountain and Citrin Cooperman.
Alan Badey, CEO of Citrin Cooperman, said of the deal, “We are excited to have reached an agreement for Blackstone to invest in Citrin Cooperman as we enter our next chapter of growth. Blackstone will help us make additional investments in expanded service offerings and technology as we deliver on our continued commitment to best-in-class firm culture and providing an exceptional client experience. We thank New Mountain for their years of partnership in helping to build and support our business.”
Eli Nagler, a senior managing director at Blackstone, and Kelly Wannop, a managing director at Blackstone, said, “The Citrin Cooperman partners and staff have done an exceptional job making the firm a leader through an unwavering commitment to excellence and client service. We are excited to invest in the business to help it continue to provide the highest quality offerings moving forward.”
Andre Moura and Nikhil Devulapalli, managing directors at New Mountain, added, “We are proud of our successful partnership with Citrin Cooperman, and we thank the management team, partners and staff of Citrin Cooperman for all we have accomplished together over the last three years. We look forward to seeing Citrin Cooperman continue to thrive for the benefit of all its clients and stakeholders.”
LONDON — Hit albums by Taylor Swift, The Weeknd and Sabrina Carpenter helped music sales in the United Kingdom reach a record high in 2024, exceeding the peak of the CD era in both revenue and volume for the first time, according to year-end figures from the Digital Entertainment and Retail Association (ERA).
Overall music spending in the U.K. grew to £ 2.4 billion ($3 billion) last year, a rise of 7.4% on 2023 and comfortably surpassing the previous high of £2.2 billion ($2.7 billion at today’s currency rates) back in 2001 when Dido, Robbie Williams and David Gray were topping the British album charts.
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Driving the growth was a 7.8% year-on-year rise in paid-for streaming revenues, which climbed to just over £2 billion ($2.5 billion). Vinyl sales were up 10.5% to £196 million ($245 million), while CD sales were more-or-less flat with 2023 — when revenues increased for the first time in two decades — at £126 million ($157 million). Download sales fell 3.2% to £41 million ($51 million).
The biggest selling album in the U.K. last year was Taylor’s all-conquering The Tortured Poets Department with just under 784,000 equivalent sales, including almost 112,000 vinyl purchases, which also made it 2024’s biggest-selling vinyl album.
Behind Swift in the year-end U.K. album charts was The Weeknd’s The Highlights, followed by Carpenter’s sixth studio set Short N’ Sweet. Noah Kahan’s “Stick Season” was the year’s number one single, topping the British charts for seven weeks and selling 1.9 million equivalent units, the London-based organization reported Wednesday (Jan. 8).
Streaming now makes up 88.8% of music sales in the United Kingdom, a marginal 1.1% rise on 2023’s figure and more than double streaming’s share of the U.K. market six years ago, according to labels trade body BPI, which published its preliminary year-end listening figures last week.
BPI reports that just under 200 billion music tracks were streamed in the U.K. last year, up 11% on 2023’s total, with the equivalent of 201 million albums consumed across streaming, CD and vinyl sales, a year-on-year rise of 9.7%. Streaming alone generated the equivalent of 178 million album sales in 2024, says ERA.
ERA and BPI both use Official Charts Company sales data as the basis for their reporting, although the two organizations take different approaches to measuring the vitality of the recorded music business. ERA’s figures are based on retail spending in the U.K. alongside information provided by streaming services and label trade income, whereas BPI’s analysis measures music consumption levels. Both trade groups will publish their full annual reports later in the year.
The historic low point for the U.K. music industry came in 2013 when rampant piracy and a fast-eroding physical market saw sales fall to just over £1 billion (£1.2 billion in today’s currency). Since then, sales have more than doubled.
“2024 was a banner year for music, with streaming and vinyl taking the sector to all-time-high records in both value and volume,” said ERA CEO Kim Bayley in a statement. She called last year’s retail sales figures “the stunning culmination of music’s comeback” and triumphantly declared: “We can now say definitively – music is back.”
According to ERA, combined physical sales totaled £330 million ($412 million) in the U.K. in 2024, up 6.2% on the previous 12 months, with CD and vinyl sales accounting for nearly 14% of music revenues. The benefits of such a “mixed physical-digital ecology” is key to the music’s industry’s revival, said Bayley.
“We continue to believe that digital and physical channels are complementary and vital for the health of the entertainment market overall,” she said.
Overall, revenues across the U.K. entertainment market – comprising of music, video and games retail sales – were up 2.3% on 2023’s total to a record high of £12 billion ($14.9 billion), marking the 12th consecutive year of growth and an eighth successive all-time-high.
Of the three sectors, the growth of recorded music sales outpaced both video (comprising of video-on-demand subscription services such as Netflix, Amazon Prime Video, and DVD sales) and games, but music remains the smallest of the three entertainment industries in revenue terms.
Video was the largest sector with revenues growing 6.9% year-on-year to £5 billion. Games sales totaled £4.6 billion, down 4.4% on 2023 but still nearly twice as large as the recorded music business.
ERA has been reporting on the U.K. entertainment industries since 1999 when music, video and games sales totaled £4.1 billion ($5.1 billion).
The numbers are in on the first edition of ComplexCon Las Vegas, the festival dedicated to convergence culture that debuted in its new home in November 2024. Sixty thousand attendees visited the shoppable exhibition featuring music, fashion, art, food, innovation and sports collaborations. Over two days, sales totaled more than $20 million, marking record numbers for the event, which began in 2016 in Long Beach, Calif.
By all accounts, Las Vegas and ComplexCon are a perfect match. The 300-plus brands have an entire cityscape to activate collaborations, exclusive drops and live performances.
By day, the hypebeasts dropped their paychecks on Takashi Murakami Ohana Hatake Full-Boom Slides, the Pac Sun x Yohji Yamamoto Wildside capsule, King Ice Pokémon-embellished jewels and Travis Scott’s Nike Zoom Field Jaxx. They snapped pics with Dan Life’s MVMT x Call of Duty: Black Ops 6 limited-edition timepiece and the ESPN SportsCenter Top 10 Chain. Cannabis brand STIIIZY popped up with a replica weed cultivation experience, and Gin & Juice by Dre and Snoop poured out their new distilled gin, Still G.I.N.
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Outside the exhibition, Gunna performed at Drai’s wearing Adidas Originals Adizero Aruku sneakers; Juice WRLD’s team held a final album listening party and celebration for the late rapper’s Fortnite Battle Royale, Chapter 2 Remix appearance at Zouk nightclub; and Jordan Brand created the Cactus Jack Outpost, an immersive experience that brought Scott’s utopian vision to life and showcased his journey in creating the CJ1 T-Rexx shoe.
Neil Wright, senior vp of experiential events at ComplexCon, attributes the success of the first Vegas outing to the expanded music component, including CactusCon, with the participation of Scott as artistic director.
“Music — even though it’s always been a pillar of ComplexCon, it has never been more prominent, with Travis having his influence over the entire show,” Wright says. “[In the past], we’ve had Pharrell, from a cultural perspective, help with the curatorial aspects, but the look, feel, and identity of each year, we’ve always tapped a fine artist. Having Travis put his arms and his creative vision around it with his team was a major co-sign to get the music industry involved.”
Scott unveiled over 35 exclusive collaborations and installations with influential designers, artists, and brands in the CactusCon bazaar. In the Cactus Colosseum by Nike, he pushed soccer, sneakers, and community, celebrating the Nike Zoom Field Jaxx launch with the Secreto Maximus Tournament, a high-stakes private soccer match at the Cactus Colosseum featuring top athletes and showcasing a trophy case of his Nike collaborations. He closed the two-day festival with a performance on ComplexCon’s Main Stage, bringing out WWE’s “Triple H” as a surprise appearance to present him with the WWE Hardcore Championship belt. Amplifying his presence to a new demographic, he announced a Jan. 6 appearance on the first RAW on Netflix.
Scott will use this “takeover” formula when he plays Coachella in April with a Cactus Jack desert domination, sharing his universe with the festival audience in the desert.
Another major boon for ComplexCon Las Vegas was Nike’s investment in music collaborations and product innovation. In addition to Scott, the sneaker giant partnered with Lil Yachty and the Concrete Boys on the Nike Us Force 1. Nike also debuted the Air Max 1000, a new 3D-printed silhouette manufactured with Zellerfeld that reimagines the Air Max 1.
“From a strictly square footage perspective, this was Nike’s biggest impact on ComplexCon. They’ve done so many things over the years that were cool at the moment but aged even better. In 2017, there was a fireside chat with Kendrick Lamar and Kobe Bryant, and they also brought Virgil Abloh to debut his collection that year.”
Dc2trill, Draft Day, Lil Yachty, and Camo! attend ComplexCon 2024 on November 17, 2024 in Las Vegas, Nevada.
Sara Jaye/Getty Images for Complex
It wasn’t that long ago—back in 2016—that Wright remembers when ComplexCon was just a concept deck that he and founders Aaron Levant and Marc Ecko were pitching Nike.
“It’s a trade show. No, it’s not a trade show. It’s a music festival. No, it’s not a music festival,” he recalls. “It was difficult to convey what we were trying to build in year one.”
Year eight signified the complete vision, activated. The exhibition featured Capitol, Interscope and Def Jam booths peddling ephemera such as Ice Spice Chia Pets, vintage Tupac T-shirts and vinyl records. A Rick Owens-designed Cactus Jack recording studio was also on display.
“You don’t want the same type of artist merch that you can get anywhere. Rather than partnering on a sneaker drop, many of our brands collaborate with recording artists such as Ed Hardy and Ken Carson, as well as Siobhan Bell and B.B. Simon,” Wright says. “Music collaborations have become just as important.”
L.A.-based high-tech footwear brand FCTRY LAb debuted at ComplexCon with their viral Duck Boots in black and yellow created in collaboration with rapper NLE Choppa.
FCTRY LAb co-founder and creative director Omar Bailey, the former Head of the Yeezy-Adidas Innovation Lab, started the company two years ago (funded by a diverse group of venture capital firms, professional athletes and angel investors).
Bailey aims to help rappers, actors, athletes, influencers or public figures design, develop and manufacture their own footwear outside the frame of major brands like Nike or Adidas. “There is a huge opportunity for artists who may not be on the big brands’ radar, who have, who have the reach, the ability and the desire to want to launch their own shoes,” he says. “We also want to create radical and interesting concepts and designs in a space that’s been quite boring for the last 10 years.”
DJ EFN, Dr. Dre, and Snoop Dogg speak onstage during ComplexCon 2024 on November 16, 2024 in Las Vegas, Nevada.
Bryan Steffy/Getty Images for Complex
According to FCTRY LAb, the formula works. The Yellow Boot was a significant unpaid, organic social media moment for the sneaker industry, accumulating 308 million views and 17 million+ instances of direct consumer engagement.
From the disruptors to the mainstream, brands such as WWE, which collaborated with Loiter; Tide, which sponsored ThriftCon; and Chips Ahoy, which partnered with Big Sean, all flocked to participate. At that convergence, things get even more interesting for Wright, with ComplexCon acting like an internal agency to help them fit in. “We work very closely with a lot of the bigger, non endemic partners to make sure that when they do show up, they’re showing up in a credible and an authentic way,” he says. “They put effort into actually speaking the language of our audience.”
Collaborating with WWE was a dream for fashion house Loiter, created by Isaac Metekingi. With a design ethos rooted in hip-hop and electronic music subcultures, Loiter, the in-house brand for Culture Kings, was inspired by the grunge-inspired graphics of WWE superstars, including Duane “The Rock” Johnson, The Undertaker, “Stone Cold” Steve Austin and “The Big Red Monster” Kane. Its booth featured the “Raw is War” entrance for photo ops.
“They were a little bit skeptical when we presented the idea—they had all their modern wrestlers. And I was like, I’m gonna go way back, and after a while, they saw the vision,” Metekingi says. “For a relatively unknown brand, we had an unbelievable presence.”
ComplexCon aims to have an even bigger year in 2025, with artist Daniel Arsham serving as the global artistic director. The event will travel to Hong Kong from March 21-23, 2025 and return to Las Vegas on Oct. 25-26, 2025.
As Discogs marches towards its 25th anniversary later this year, the music discovery platform has announced new milestones in collection trends among its physical music-loving users.
According to fresh figures released Tuesday (Jan. 7), Discogs members cataloged over 105.7 million pieces of music in 2024 — an average of 2 million vinyl albums, CDs, tapes, 8-tracks and any other catalogable format you can think of per week.
Since its inception, more than 830 million items have been cataloged, with average collections — which are predominantly vinyl — hovering around 195 items per user, the company said. Collectors made sure to log a lot of copies of Taylor Swift’s The Tortured Poets Department, the year’s most collected album at more than 130,000, followed by releases from Charli XCX and Billie Eilish. The most collected artist of all time continues to be four lads from Liverpool and the most collected master is Pink Floyd’s The Dark Side of the Moon. The most collected individual release is the original 180-gram version of Daft Punk’s Random Access Memories, from 2013. (Incidentally, the label that released RAM — Columbia — is the most collected imprint out there.)
Jeffrey Smith, Discogs’ vice president of marketing, emphasized the significance of reaching 105.7 million records cataloged in a single year, noting that each record represents a “deliberate choice” by a real person to “hold, own, and listen to music with intention.”
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“Discogs continues to exist because people care deeply about music as something tangible and meaningful,” Smith added. “This collection milestone reflects a global community driven deeply by passion, connection, and an unwavering commitment to the music that shapes their lives.”
Discogs’ other function, as a viable place to buy and sell those physical music collections, is also hoping to hit a milestone this year. In early 2024, the company told Billboard that it wants to boost its online database to 25 million marketplace listings by its 25th anniversary in November 2025.
Here are some stats on Discogs’ collections:
Average collection size: 195 items
Average collection value: $317
Most collected album ever: The Dark Side of the Moon, Pink Floyd
Most collected albums of 2024:The Tortured Poets Department, Taylor Swift (130,000-plus)Brat, Charli XCX (40,000-plus)Hit Me Hard And Soft, Billie Eilish (40,000-plus)Short N’ Sweet, Sabrina Carpenter (30,000)Songs Of A Lost World, The Cure (27,000)
Most collected record ever: Original 180-gram vinyl of Daft Punk’s Random Access Memories
Record label with the most items in collection: Columbia
Most collected formats:1. Vinyl2. CDs4. Cassettes
It’s the end of an era in Canada as Justin Trudeau announces he will step down as Prime Minister.
The Liberal Party leader has held the country’s top political office since 2015. He will stay on while the Liberals hold a leadership race, with the winner becoming the next Prime Minister until an election is called.
Justin Trudeau faced calls from inside his party to step down, with his popularity plummeting amidst a year where incumbent leaders have lost elections globally.
“This country deserves a real choice in the next election, and it has become clear to me that if I’m having to fight internal battles, I cannot be the best option in that election,” Trudeau said.
The resignation announcement comes as a major piece of arts legislation, the Online Streaming Act, is being implemented. Trudeau’s government oversaw the passing of the Streaming Act, introduced as Bill C-11, which served as the first major update of Canada’s Broadcasting Act and sought to modernize Canadian arts policy for the digital age.
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A federal election is expected soon, with Conservative Party leader — and recent Jordan Peterson podcast guest — Pierre Poilievre ahead in the polls. Poilievre came out last fall against the Streaming Act’s requirements that major foreign streamers contribute 5% of Canadian revenues to support Canadian content, likening it to a tax.
“Spotify prices are going up thanks to Trudeau,” he posted, alongside a graphic of Trudeau DJing. The regulation does not explicitly mandate streaming services to raise their prices.
It’s unclear what a change in government could mean for implementing legislation like the Online Streaming Act, though Poilievre has promised a generally cuts-heavy approach to public funding.
Last year, Trudeau also announced a $32 million increase in funding to the Canada Music Fund, which supports granting bodies FACTOR and Musicaction, and $31 million in funding for festivals and arts performances. The announcements were welcomed by several industry associations.
In recent years, Trudeau has made headlines for appearing at a handful of concerts in Toronto. After tweeting at Taylor Swift to come to Canada when she first announced the Eras Tour, he later attended with his family at Rogers Centre. When Punjabi star Diljit Dosanjh played the same venue, Trudeau came backstage to congratulate him, recognizing the unique Canadian attendance record. Last year, Canadian songwriter and poet Mustafa penned an open letter to the Prime Minister to protect and speak for the people of Palestine.
While the future of Canadian politics is up in the air, writer John Semley joked on BlueSky that this may have been Trudeau’s savviest political decision: resigning before Kendrick Lamar plays “Not Like Us” at the Superbowl.
This story was originally published by Billboard Canada.
Wasserman Music has announced the hiring of Kevin Shivers, James Rubin and Cristina Baxter — all from rival agency WME. Shivers and Rubin will join Wasserman’s executive leadership team, marking the global talent firm’s largest expansion since opening its doors in 2021.
Shivers and Rubin will both hold the title of executive vice president and managing executive, while Baxter is joining as senior vp. The appointments are effective immediately, the company said.
Over a 16-year run, Los Angeles-based Shivers advanced from WME’s mail room to become a partner in the agency’s music department, where he helped lead the hip-hop division and managed global A&R. He has represented artists like Tyler, The Creator, Snoop Dogg, Kid Cudi, Solange and Lil Baby, and is known for his mentorship of rising industry leaders and for advocating diverse representation. He is also the most recent recipient of Billboard‘s peer-voted R&B/Hip-Hop Power Players Choice Award, honoring the executive who has made the greatest impact across hip-hop and R&B over the past year.
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New York City-based Rubin is coming off nine years at WME, where as senior partner and co-head of the hip-hop/R&B team he represented artists including Wiz Khalifa and Travis Scott. Prior to joining WME, he headed up the International Division for Urban Touring and specialized in international markets at The Agency Group in London. Over the years, Billboard has recognized him in its list of impressive young execs, its annual tally of top R&B/hip-hop power players and, most recently, as one of the key leaders in the global recorded-music business.
Baxter, based in Los Angeles, joined WME in 2011 as an assistant and rose to partner and co-director of the pop and rock teams. Over the years, she has represented artists like André 3000, Carly Rae Jepsen, Sofi Tukker, Kygo and others. Like Rubin, she has been recognized with awards such as Billboard‘s 40 Under 40.
All three execs expressed excitement about joining Wasserman Music — “an agency for the future,” said Shivers — citing its innovative and artist-focused approach. They all aim to contribute to the agency’s mission of empowering artists and driving growth opportunities in the industry.
“Kevin, James, and Cristina are highly respected leaders in the industry who exemplify the values on which our company is built,” said Casey Wasserman, chairman and CEO of Wasserman. “We’re thrilled to have them join Team Wass during this exciting period of growth for our global music division.”
Wasserman Music president Lee Anderson added, “It’s gratifying to now refer to some of our toughest competition as our newest teammates and partners.”