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The Recording Academy has promoted Adam Roth to executive vp of global partnerships & business development. Roth will be responsible for growing the Recording Academy’s global footprint through the negotiation and development of integrated partnership programs with both globally recognized brands and local on-the-ground sponsors. Roth previously served as svp of partnerships & business development […]
Argentinian music sensation Paulo Londra has inked a deal with WME for worldwide representation, the company tells Billboard.
Since exploding onto the scene in 2019, the 25-year-old singer/rapper has been a dominant force in the Latin American music scene and is widely considered one of the pioneers of Argentina’s burgeoning trap movement.
Born Paulo Ezequiel Londra, he began his musical journey as a battle rapper in Buenos Aires’ El Quinto Escalón. Soon after, he released popular singles like “Relax” and “Condenado para el Millón” in 2017.
However, it was his 2019 debut album, Homerun, that catapulted Londra to international recognition. The album debuted and peaked at No. 12 on Billboard’s Top Latin Albums chart and at No. 10 on Latin Rhythm Albums, with its hit single, “Adan y Eva,” landing in Spotify’s Global Top 10. Its music video currently boasts over 1.2 billion views on YouTube.
In 2022, the Córdoba-born artist released his second album, Back to the Game, under Warner Music Latina. It debuted at No. 1 on the Billboard Argentina Hot 100 chart and boasts collaborations with artists such as Ed Sheeran, Travis Barker, Timbaland, Feid and Duki.
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Adding another feather to his cap, Londra performed the official Latin remix for “The World is Yours To Take,” a song off the 2022 FIFA World Cup soundtrack, alongside Lil Baby and Tears for Free.
Most recently, Londra signed with indie powerhouse label Dale Play Records — home to producer Bizarrap, rapper Duki and urban/pop act Nicki Nicole — and is currently working on new music.
Additionally, plans are underway for Londra to embark on a global tour. He continues to be managed by Ignacio Amato and Cruz Pereyra Lucena from Buena Productora.
Billboard is bringing back its peer-voted Country Power Players’ Choice Award for 2024, asking music industry members from all sectors to honor the executive they believe had the most impact across the Country music genre in the past year. Explore Explore See latest videos, charts and news See latest videos, charts and news Voting is […]
Billboard is bringing back its peer-voted Country Power Players’ Choice Award for 2024, asking music industry members from all sectors to honor the executive they believe had the most impact across the Country music genre in the past year. Voting is open to all Billboard Pro members, both existing and new, with one vote per […]
Every passing day, a new statistic emerges that would make any aspiring artist, producer, or songwriter feel foolish for trying to fund their dreams.
Over 100,000 songs get ingested to Spotify daily, but the vast majority of them fail to surpass the 1,000-play mark. Sony Music Entertainment, Warner Music Group, and Universal Music Group reported record profits in 2023, but those numbers are largely driven by a small number of star artists. A 2017 study showed that out of 7,000 bands tracked, only 21 managed to headline a venue with a capacity exceeding 3,000. Limited opportunity and long odds face artists who don’t have significant industry backing.
Content saturation makes it harder to stand out, inspiring strategic conservatism from major labels, who, driven by data, fear financial risk and tend to invest in artists who demonstrate substantial market appeal.
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What are musicians — and, frankly, writers, visual artists, filmmakers, or any creators — in need of resources to do when corporations appear more risk-averse than ever?
Why do we need a grant system for individual artists?
While art is often considered a luxury rather than a public good, it has been shown to provide both cultural enrichment and economic stimulus.
In 2023, Americans for the Arts found that the nonprofit arts and culture industry provided 2.6 million jobs, generated $29.1 billion in tax revenue, and provided $101 billion in personal income to U.S. residents. These numbers include the individuals who benefit from public arts funding to become working artists, who tour, show their work at museums, and fill movie theaters.
America’s nonprofit and for-profit arts sectors work together to promote cultural growth as much as they stimulate economic activity locally and nationally.
Public funding for the arts has remained relatively steady in absolute terms. However, inflation-adjusted spending on the arts by local governments has declined consistently throughout the 2000s. Local arts agencies now receive 27% less in funding than they did in 2001.
Other countries have shown a better system can exist.
For 37 years, Canada’s FACTOR grant program has supported Canadian recording artists in meaningful ways.
FACTOR covers costs that traditionally require the debt financing of a label deal: recording, music videos, and tour funding chief among them.
Notable FACTOR recipients launched into successful careers include Jessie Reyez, Grimes, Charlotte Cardin, BADBADNOTGOOD and TOBi. Drake’s vaunted company October’s Very Own has also received a variety of grants from Canadian governmental sources — including funding for the 2014 OVO Fest.
In Sweden, robust arts education in public schools combined with an internationally-minded grant system contribute to the small nation’s outsized influence on popular music abroad, particularly in the United States where Max Martin’s Swedish pop sensibilities have dominated Billboard charts since Bill Clinton was in office.
While in America, artists can gain access to grants through institutions like the Guggenheim Memorial Foundation or the Henry Luce Foundation, or via state institutions, there is no unified federal mechanism for arts funding akin to FACTOR or the Swedish Arts Grant Committee. The National Endowment for the Arts has an impressive grantmaking operation but does not give direct grants to individual artists.
Introducing the CREATE Art Act.
We need a better system.
In 2024, we are working to bring the CREATE Art Act to the American public. Created by Congressman Maxwell Frost, a drummer and musician himself and the first Gen-Z person ever elected to the United States Congress, the CREATE Art Act proposes a novel grant system for individual artists of all disciplines.
CREATE grants go beyond international models in the way they target emerging artists, those creators who may not yet have the good fortune of making a living off of their art or wish to avoid potentially injurious record and publishing deals. Recipients must show net earnings of less than $50,000 in the previous five years and not more than $400,000 in the previous 20 years from their art. The art produced must be relevant to the community and accessible to the public. The grants include:
Progress Grant – Up to $2,000 to support a year of artist activities.
Project Grant – Up to $100,000 per project that can be used over two years.
Live Performance Grant – Up to $35,000 for live performances.
Development Fund – Up to $10,000 to pay the living and working expenses of artists
while they research, write, or cultivate stories or projects.
The purpose of the program is twofold.
First, and simply, more artists with funding means more art. The greater the creative output of our nation, the greater the diversity of voices with the potential to gain an audience, shift perspectives, inspire future generations, and tell new American stories.
Second, more artists creating means more economic activity in a sector experiencing an algae bloom of creators and consumers.
The current media landscape cuts a more jagged figure than ever. No monoliths. No starmakers. No obvious paths to success.
In a time of such noise and fragmentation, artists find it as hard as ever to fund their dreams and more difficult than before to cut through the clutter.
The CREATE Art Act would plant a foot on the right path forward, opening up possibilities for generations of American artists to come.
The first member of Generation Z to be elected to Congress, Maxwell Alejandro Frost is proud to represent the people of Central Florida (FL-10) in the United States House of Representatives. As a young Member of Congress and Afro-Latino, Congressman Frost brings a fresh, progressive perspective to an institution formerly out of reach for young, working Black and Latino Americans.
Jon Tanners is a manager, writer, and entrepreneur based in Los Angeles. He manages Grammy-winning, multi-platinum producers Dahi, Michael Uzowuru, and Take A Daytrip and is also co-founder of CreateSafe.
Warner Music Group announced over the weekend that it has called off plans to submit a binding offer to acquire French music company Believe. The label did not elaborate on its decision, only that it was made “after careful consideration.” Believe followed up in a statement, saying it will “review the situation with all interested […]
GEMA’s revenue rose 8.4% in 2023, to €1.28 billion ($1.4 billion), the German collective management society (CMO) announced April 8, and for the second year in a row it will distribute more than a billion Euros to its members – €1.08 billion ($1.17 billion) to be exact. That income was offset by an expense ratio […]
Shares of Spotify jumped 17.6% to $310.31 this week on a report that the streaming giant will raise prices again in select markets as well as news that it named a new CFO, Christian Luiga, a former CFO and deputy CEO at European defense and security company Saab AB.
Spotify’s newfound willingness to both raise prices and control costs has given new life to its stock price after an expensive entry into podcasting caused a downturn in 2022. Through Friday (April 5), shares of Spotify have increased 65.2% year to date and 134.2% over the past 12 months. Not even Believe, up 57.1% in 2024 thanks to competing interests to acquire the company, has matched Spotify’s momentum this year. Sphere Entertainment has also enjoyed a boost on Wall Street since U2’s inaugural residency at the $2.3-billion Las Vegas venue, but its 37.7% gain in 2024 also lags behind Spotify.
For more than a decade, Spotify kept its subscription prices low and emphasized subscriber growth over profits. The market’s mood has shifted in recent years, though. Once satisfied with growth in user numbers, investors now want high-flying streaming companies to be profitable, too. Since Spotify announced a price increase on July 24, 2023, the share price has increased 89.5% and raised the company’s market capitalization by roughly $29 billion to $61.5 billion. The share price has gone up 71.7% since Spotify announced it would cut 16% of its staff on Dec. 4, 2023.
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This week, investors reacted to a Bloomberg report that Spotify is raising subscription prices in select markets and will pass another rate hike in the United States later this year. Following the news, Spotify gained 8.2% to $291.77 on Wednesday (April 3). Labels appeared to benefit, too: Universal Music Group rose 5.5% and Warner Music Group gained 5.8% on Wednesday following news of the price increase.
Rather than shy away from price increases in successive years, Spotify could have a unique ability to withstand higher prices compared to its peers. Morgan Stanley analysts wrote in an investor note on Thursday (April 4) that music is “broadly under-monetized” and the quality of Spotify’s product gives it “unique pricing power.” Guggenheim analysts wrote in a report on Wednesday that they believe the price increase could mean a “9% revenue impact” in the affected markets.
What’s more, the higher prices could help Spotify by improving its audiobook business. Spotify now gives subscribers in the United States and some other markets 15 hours of free audiobook streaming per month; users can also purchase additional listening time and buy audiobooks to keep. A recent Morgan Stanley survey revealed Spotify was used by 38% of audiobook listeners, second only to veteran audiobook platform Audible despite Spotify having launched audiobooks only a few months before the survey. “Audiobooks appear to be perhaps a larger revenue opportunity than podcasting based on this survey works and long-standing consumer price points for books,” Morgan Stanley analysts wrote.
The Billboard Global Music Index dropped 0.2% to 1,748.38 as nine of the index’s 20 stocks were winners, 10 were losers and one was unchanged. No company other than Spotify posted a double-digit increase, however, and three companies — iHeartMedia, Cumulus Media and Anghami — had double-digit declines.
Stocks were mixed globally this week. In the United States, the Nasdaq composite dropped 0.8% to 16,248.52 and the S&P 500 fell 1.0% to 5,204.34. The United Kingdom’s FTSE 100 fell 0.5% to 7,911.16. China’s Shanghai Composite Index rose 0.9% to 3,069.30. South Korea’s KOSPI composite index lost 1.2% to 2,714.21.
Music streaming company Anghami (NASDAQ: ANGH) was the biggest loser of the week after dropping 41.1% — it lost 44.5% on Wednesday alone — after OSN Group, a premium entertainment provider for the Middle East-North Africa region, acquired a 55.45% stake. The deal, first announced in November 2023, combines the Abu Dhabi on-demand music streaming service with a paid, on-demand video streaming platform that carries both Arabic and Turkish titles and content from Western brands such as HBO, Universal Pictures and Paramount.
On Wednesday (April 10), Music Forward Foundation’s All Access Fest is expecting roughly 1,200 students and young adults to enter the Hollywood Palladium in Los Angeles to learn all about the music industry.
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Launched in 2018, the music and live entertainment convention gives 16–24-year-olds the opportunity to meet professionals who work in the business and provides resources for those who want to pursue a career in it.
This year’s day-long event will feature panels, networking sessions, roundtables and exhibit booths with more than 100 industry professionals from entertainment companies including BMG, Snap Inc., Downtown Music, Live Nation, Concord, Ticketmaster, EMPIRE and many more.
Exhibitors for the 2024 edition will include AEG, Girls Make Beats, Universal Music Group, Los Angeles Film School, Lux Lighting, Inner City Arts and Belmont University. In addition to high school students, hundreds of post-secondary students from colleges including Cal State Fullerton, Cal State Northridge, Carnegie Mellon University, Loyola Marymount University, NYU, Pepperdine University, UCLA, UC Irvine, UNLV, USC, Santa Monica College, and more are also expected to attend.
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The wide breadth of industry partners and experts at All Access is designed to give students — many of whom are coming from the Los Angeles, Compton, Inglewood and Centinela school districts — and other young people a greater understanding of all the possible employment opportunities in the music business, from artist to record label executive to lighting tech to costume handler.
“A lot of the kids, particularly in the demographics that we’re reaching, don’t know about these opportunities,” says Nurit Smith, executive director at Music Forward Foundation. “They don’t know the ecosystem. That’s why when we talk about live entertainment, we’re looking at touring from all different angles.”
Nurit Smith
Music Forward Foundation
Live entertainment is just one of many areas of expertise that All Access covers. The event can help give attendees an understanding of what it takes to be a touring musician or someone who makes those touring dreams a reality in a number of different capacities. To that end, promoters Insomniac Events and C3 Presents — which put on festivals like EDC and Austin City Limits, respectively — will have activations at the event, helping showcase the path to getting involved in that aspect of the industry.
After several years of virtual or hybrid events, Music Forward Foundation — a national non-profit in the Live Nation family — returned last year to a fully in-person convention, which Smith says made a huge impact coming out of the pandemic. The young people were a lot more eager for interpersonal connections rather than panels, so this year, the format “is being flipped on its head,” he explains.
“We’re gamifying this whole thing” with a scavenger hunt, Smith says. During the hunt, participants can have their resumes reviewed and will also be given the opportunity to meet three new people, have a new headshot taken and engage in additional activities that will help them experience different facets of the music industry and where their interests might align with a future career. “We really want to help them navigate this exciting and dynamic space that we’re creating and be very active in their learning,” Smith adds.
Additional happenings at the convention include an artist lounge for open mic sessions, artist wellness activities, an appearance from artist Blu DeTiger, A&R listening sessions and direct access to industry mentors.
While All Access Fest is only in its sixth year, Music Forward Foundation has been helping young people for more than three decades. The organization was established in 1993 as the International House of Blues Foundation in association with the famed House of Blues franchise. After House of Blues was acquired by Live Nation in 2006, the foundation became Music Forward as it expanded its reach and partnered with music entities far beyond the scope of its parent company. In its more than 30 years of work, the foundation has invested more than $42 million back into the music community and placed hundreds of young adults in paid positions.
While those numbers speak to the foundation’s ongoing efforts, Smith insists that All Access’ success is, in other ways, incalculable. “The success of supporting this next generation’s pathway will be the connective tissue in the partnerships that we all build together,” she says.
Registration for All Access Fest is free and open to young adults, regardless of school enrollment. In September, Music Forward will also host a virtual All Access Fest to reach more people globally.
Canadian artists are speaking out against anti-trans legislation.
The Tegan and Sara Foundation has published an open letter signed by some of Canada’s best known musicians and entertainers, including Neil Young, Alanis Morissette, Elliot Page, k.d. lang, Sarah McLachlan, Carly Rae Jepsen and many more. The letter, titled Artists Against Anti-Trans Legislation in Canada, has over 400 signatories. Its publication date, Mar. 31, is also Trans Day of Visibility.
Led by indie pop siblings Tegan and Sara, the open letter is an explicit pushback on recent and in-progress legislation that limits trans rights in several Canadian provinces.
“We are trending towards more harmful anti-trans legislation in Canada, and we call on our communities and local and national policymakers to put a stop to this concerning surge in anti-trans policy,” the letter states.
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Saskatchewan and New Brunswick have both implemented policies that require parental consent for educators to use chosen names and preferred pronouns for students under sixteen. In February, Alberta Premier Danielle Smith announced plans for policy changes to LGBTQ+ health care, education and sports, including banning hormonal treatment and puberty blockers for trans youth. Smith’s policies would also require parental consent for students to participate in educational instruction that addresses sexual orientation and gender identity.
At the national level, Conservative leader Pierre Poilievre has made recent comments indicating he would support banning trans women from women’s sports and washrooms. With a federal election on the horizon, LGBTQ+ rights could face rollbacks across the country.
“Far right groups are tapping into fear and pitting us against each other so they can create a Canada where we’re afraid of difference,” reads the letter. “The government should never put themselves between parents, their kids, and evidence-based healthcare and supports.”
While the letter is primarily written to affect change within the country, it also combats the perception of Canada as a human rights haven. “The reality is that Canada is not immune to the global attack on the trans community and their access to inclusive spaces, healthcare and freedoms.” – Rosie Long Decter
Industry Remembers Trailblazing Booking Agent and Label Executive Pegi Cecconi
Pegi (Margaret Anne) Cecconi, a trailblazing Canadian booking agent and record label executive, died on March 28, at age 70. She had been battling PSP (Progressive Supranuclear Palsy).
Her immense impact on the Canadian music industry over almost five decades was rightfully recognized in 2020 when she received the Walt Grealis Special Achievement Award at the Juno Awards, only the third woman to have received that prestigious honour.
An obituary posted by Cecconi’s family on her Facebook page noted, “As social convenor, Pegi booked bands for school dances, an undertaking that required serious grit when dealing with both performers and patrons. It was a quality that prepared her well for her trailblazing career in the male-dominated entertainment industry where she would thrive for almost 50 years.”
Female booking agents were rare in the 70s when Cecconi started, but she built her name to help establish SRO Management and later the record label Anthem. It started with a small roster spearheaded by Rush and Max Webster, alongside Liverpool and A Foot in Coldwater. Prior to Anthem, Rush was on Moon Records, and the three members, Geddy Lee, Neil Peart and Alex Lifeson, became associate directors of Anthem.
Decades of work with Rush is a clear highlight of Cecconi’s CV. On learning of Cecconi’s death, Rush frontman Geddy Lee posted this salute to Cecconi on Instagram: “Pegi Cecconi – whose laugh could be heard the moment she entered any venue. Thanks Peg, for 50 years of having our backs… wherever you’re headed they ain’t ready for ya!”
Over her long career, Cecconi took prominent roles in some of the Canadian music industry’s major trade organizations. She had long stints on the board of directors of both the Canadian Independent Music Association (CIMA) and The Foundation Assisting Canadian Talent On Recordings (FACTOR), also serving as Chair and Treasurer at the latter. She also served on the Board of MMF Canada, receiving its Brian Chater Pioneers Award in 2015, and held positions with the Independent Digital Licensing Agency (IDLA) and the Canadian Musical Reproduction Rights Agency (CMRRA).
Equally important was her invaluable role as a mentor and role model for women wanting to succeed in the male-dominated world of the Canadian music business. Effusive tributes to Cecconi on social media posts in the wake of her passing certainly testify to that.
Read more tributes from all facets of the Canadian industry here. – Kerry Doole
Last Week In Canada: New Funding Is Coming