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Primary Wave Music has finalized a deal with the Village People to control the rights to the group’s master recording and publishing assets as well as the rights to their name and likeness. In what is described as a “partnership” with the surviving family of Village People co-founder Henri Belolo — Jonathan and Anthony Belolo — Primary Wave will now look after “Y.M.C.A.,” “Macho Man” and other hits from the group.
Founded in 1977, Village People was started by producer Jacques Morali and his partner Belolo who were working with singer and Broadway actor Victor Willis to provide background vocals for a different musical project. Then Morali told Willis, “I had a dream you sang lead vocals on an album I produced and it went very, very big.” Following his gut, Willis sang four tracks for Morali and Belolo (“San Francisco [You’ve Got Me]” “In Hollywood [Everyone’s a Star],” “Fire Island,” and “Village People”). Quickly, the Village People project became a sensation with their songs climbing to the top of the charts, and Willis, Morali, Belolo formed it as an official group, adding in the rag tag team of Felipe Rose, Alex Briley, Mark Mussler, David Forrest, Lee Mouton and Peter Whitehead to fill out its ranks.
Later, they added Randy Jones, Glenn Hughes and David Hodo to the ensemble after placing an ad in a trade paper that read: “Macho Types Wanted for World-Famous Disco Group.” Donning stereotypical “macho” costumes — like construction work, biker, cowboy and more — group went on to pen defining hits and become a symbol of the Disco era. To this day, the group continues, now comprised of Willis, Angel Morales, James Kwong, Chad Freeman, James Lee, and James J.J. Lippold.
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“As we were picking up the mantle following our father’s passing in 2019, we soon realized that – to achieve his dreams of bringing the Village People ideal into the 21st century the right way is a very bold endeavor,” say the Belolos in a joint statement. “Our partnership with the amazing team at Primary Wave now brings us the backup and expertise that will ensure we can rise to the task together. With multiple projects in development, the future looks bright as ever for the Village People!”
“The Village People have brought so much joy to listeners around the world for decades,” says Lexi Todd, vp of business and legal affairs at Primary Wave Music. “With disco-inspired music all over the contemporary charts, now is the perfect time to launch our new partnership. We look forward to working alongside Jonathan and Anthony to reinvigorate the Village People brand.”
As Billboard publishes its 136th volume throughout 2024, stay in the know on the magazine’s print schedule for the year, along with each issue’s corresponding theme. This is an updating post, so be sure to check back for any changes.
Issue Date: Jan. 27, 2024Theme: The Billboard Power 100
Issue Date: Feb. 10, 2024Theme: Sports
Issue Date: March 2, 2024Theme: Women in Music
Issue Date: March 9, 2024Theme: SXSW
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Issue Date: March 30, 2024Theme: Environment*This issue will include Top Music Lawyers
Issue Date: April 20, 2024*This issue will include International Power Players
Issue Date: May 11, 2024Theme: Country Power Players
Issue Date: June 1, 2024Theme: Branding*This issue will include 40 Under 40
Issue Date: June 8, 2024Theme: Indie*This issue will include Indie Power Players
Issue Date: June 22, 2024Theme: Pride/Black Music Month
Issue Date: July 13, 2024Theme: Jazz
Issue Date: Aug. 3, 2024Theme: R&B/Hip-Hop Power Players
Issue Date: Aug. 24, 2024Theme: Fall Music Preview
Issue Date: Sept. 21, 2024Theme: Latin Music Week
Issue Date: Oct. 5, 2024 (Double Issue)Theme: Grammy Preview/Producers
Issue Date: Oct. 26, 2024Theme: Touring*This issue will include Top Music Business Schools
Issue Date: Nov. 16, 2024Theme: BBMAs*This issue will include Top Music Business Managers
Issue Date: Dec. 7, 2024Theme: No. 1’s and Year in Music
Issue Date: Dec. 14, 2024Theme: Grammy Voter Guide
While Travis Scott performed a three-song medley at the Grammys earlier this month, the teams of some of the producers and songwriters who helped make his hit album Utopia were fuming — they didn’t yet have the signed paperwork that would get them paid for their work on the project.
At the time, at least four of the producers and writers involved with the album still didn’t have producer agreements or publishing splits finalized, according to four sources close to the project, meaning they cannot get fully compensated for their work. Some of Utopia‘s contributors do have their agreements completed: Ted Anastasiou, a rep for Scott, said in a statement that “the vast majority of payments for contributors on this album have been paid and that any outstanding payments are near complete.”
Artist managers and entertainment attorneys say it is increasingly common for acts to put out an album first and figure out all the clearances later. (Utopia came out more than six months ago, on July 28, 2023, and went on to become one of the biggest releases of the year.) “The amount of paperwork potentially required for clearing a single track has become so excessive that I think some music industry executives may have become desensitized to the importance of having everything in place before release,” says entertainment attorney Gandhar Savur.
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Although artists often enjoy revenue streams outside of recorded music — notably touring and merchandise — the same is not true for most songwriters and producers. Writers are usually financially dependent on publishing royalties from the songs they work on. Producers typically depend on a mix of master royalties (often just an advance unless an album recoups its budget, which is rare) and publishing royalties (but only if they contributed songwriting).
This means all but the most famous writers and producers are already in a precarious financial situation. On top of that, massively successful artists are often slow to finalize the deals that dictate what percentage of royalties writers and producers are owed, and what fee is thrown to producers. As the months tick by, collaborators’ frustration grows.
Anastasiou, Scott’s rep, said in his statement that “the challenge with contributor payments on albums with multiple participants on each track is that negotiations and issues frequently occur before and after an album’s release, as terms need to be agreed and are all interdependent. This becomes further complicated when some participants, like those quoted in the story, are relatively unknown and their minor contributions only came to our attention afterward.”
Anastasiou continued, “these challenges are not unique to Travis or any specific artist. Attributing any blame to Travis or his team for this common issue is both wrong and short-sighted, especially when Travis’ team has been more than proactive every step of the way and are hard at work to finalize the last few remaining payments.”
The Utopia contributors who spoke to Billboard about their experience would almost certainly dispute that they are “relatively unknown.” But as Anastasiou noted, the collaborative nature of much contemporary pop music does mean that there are mountains of paperwork and negotiations for an artist’s team to complete around each album release.
“Back in the day, a band could release a record and basically have a producer agreement, maybe a mixer agreement and a few session musicians, and possibly not much else,” Savur explains. “These days, commercial pop tracks can have multiple producers, outside people contributing beats or music beds, samples and interpolations, one or two featured artists or side artists who each need their own agreements and also waivers from their record labels, and sometimes a dozen or more co-writers who are all signed to different publishing companies.”
“I don’t know any attorney’s office that represents producers and songwriters that’s not completely underwater at the moment, scrambling to get all the deals done,” adds Dan Petel, founder of This Is Noise MGMT, another writer-producer management company. He says the problem is compounded by artists releasing music more frequently in order to keep their fan bases engaged.
To make things even more complicated: Artists’ teams are usually responsible for all the clearances on their albums, but the money paid to the producers will usually come from a label. For producers, “the lack of a direct contractual relationship [with the label] yields an uncomfortable disconnect between who creates the music and who pays for it,” says Matt Buser, an entertainment attorney.
And once an album is released, artists often hit the road, meaning their attention — and their team’s attention — is focused elsewhere. Still, “the labels insist that the producer agreements be finalized and signed by both parties [producers and artist] for the producers to be paid their fees in full,” explains Maytav Koter, founder of Good Company MGMT, which works with songwriters and producers. But one of those parties might be bouncing from town to town on tour.
Most writers and producers have little recourse to ensure clearances get done in a timely fashion. “I’ve not gotten a cohesive response as to what the f— is going on,” says a source close to a person involved with making Utopia who is still waiting on paperwork. “Why is it so hard to ask people to do good business?” asks a member of another frustrated Utopia producer’s team.
Savur says that extensive back-and-forths over email are routine for post-release clearances. The only other option is to try to take down the track or sue the artist who put it out — without a signed producer agreement in place, for example, that artist has released that producer’s work without permission. Writers and producers hardly ever take this route, though. They most likely want to stay in the good graces of the artists they work with — especially if they are stars — and suits are costly and time-consuming.
That means all that’s left for collaborators is following up with the artist’s team week after week, and making personal appeals. As one source whose client is waiting on finalized Utopia paperwork puts it, “don’t you want to make the people who write your hit songs happy?”
Last year, Kanye West started looking for a distribution deal to release a new album. When Vultures 1, a full-length collaboration with Ty Dolla $ign, finally came out on Saturday, it was through FUGA — a business-to-business tech and distribution platform for labels — according to information available in YouTube’s content management system.
FUGA was not pleased, according to a company spokesperson. “Late last year, FUGA was presented with the opportunity to release Vultures 1,” the spokesperson said in a statement to Billboard. “Exercising our judgment in the ordinary course of business, we declined to do so.”
The spokesperson continued, “on Friday, February 9, 2024, a long-standing FUGA client delivered the album Vultures 1 through the platform’s automated processes, violating our service agreement. Therefore, FUGA is actively working with its DSP partners and the client to remove Vultures 1 from our systems.”
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A rep for West did not respond to a request for comment.
When West began hunting for a new distributor, some potential partners passed on the chance to work with him due to the rapper’s antisemitic comments. Others’ interest diminished when they found out that streaming services might not support the album.
The lead single from Vultures 1, “Vultures,” was distributed by Label Engine, a company owned by Create Music Group, according to information in YouTube’s CMS. The follow-up, “Talking/Once Again,” was also delivered last week by Label Engine. The album was subsequently delivered by FUGA.
FUGA’s plan to remove Vultures 1 from its platform is just the latest hiccup for the album. Its release was repeatedly delayed. After it came out, on Wednesday, the track “Good (Don’t Die)” was removed from Spotify after a complaint from Donna Summer’s estate.
“Kanye West… asked permission to use Donna Summer’s song I Feel Love, he was denied… he changed the words, had someone re sing it or used AI but it’s I Feel Love… copyright infringement!!!” the estate wrote in an Instagram Story on the official Donna Summer account on Saturday.
Veteran music industry executive Jessica Rivera has joined multimedia company HOORAE — owned by actress, producer and entrepreneur Issa Rae — as president of its Raedio division. In her new post at Raedio, which is approaching its fifth anniversary, Rivera will supervise the “audio everywhere” division’s various operations including its record label, publishing, music supervision, […]
With SZA’s album SOS leading the way and the market enjoying more growth in streaming royalties, Sony Music’s revenue grew 16.0% to 422.1 billion yen ($2.85 billion at the period’s average exchange rate) in its fiscal third quarter ended Dec. 31, the company announced Wednesday (Feb. 14).
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Other top releases for the quarter were Travis Scott’s Utopia, Rod Wave’s Nostalgia, Doja Cat’s Scarlet, Blink-182’s One More Time…, Tate McRae’s Think Later, Harry Styles’ Harry’s House and Fuerza Regida’s Pa Las Baby’s Y Belikeada. A couple holiday classics were amongst Sony’s top albums in the Christmas quarter: Mariah Carey’s Merry Christmas and Phil Spector’s A Christmas Gift for You From Phil Spector.
Streaming fueled growth in both the recorded music and music publishing segments of the business. Paid subscriptions were a major factor in the first full quarter after Spotify raised prices in roughly 50 markets, including the U.S., in July. Favorable foreign exchange rates accounted for about 24% of the quarter’s 58.4 billion yen ($394.9 million) revenue increase.
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Its double-digit revenue growth was comparable on a percentage basis to other music companies that have released earnings. In the same quarter, Warner Music Group’s revenue grew 17.5% to $1.75 billion and Reservoir Media revenue improved 19% to $35.5 million. Spotify, the largest single source for music royalties globally, grew revenue by 16% to 3.67 billion euros ($4.05 billion).
Sony Music’s margins improved across the board, too. Operating income improved 20.8% to 76.1 billion yen ($514.4 million) and adjusted operating income before depreciation and amortization jumped 25.3% to 98.5 billion yen ($666.2 million). Adjusted OIBDA margin improved nearly two percentage points to 23.3% from 21.6% in the prior-year quarter.
The strong quarter led Sony Music to raise its full-year forecasts for the third consecutive quarter. On Wednesday, the company raised the forecasts for both revenue and adjusted OIBDA by 10 billion yen ($68 million) — revenue from 1.56 trillion yen ($10.37 billion at the current exchange rate) to 1.57 trillion yen ($10.43 billion) and adjusted OIBDA from 350 billion yen ($2.33 billion) to 360 million yen ($2.39 billion). When the company released its fiscal second quarter earnings in November, it increased its revenue guidance by 5% to 70 billion yen ($485 million) and adjusted OIBDA by 4%, or 15 billion yen ($104 million). In August, it raised its revenue forecast by 6%.
Both music divisions each posted solid year-over-year gains in the quarter. Recorded music revenues jumped 19.9% to 286.5 billion yen ($1.94 billion). Streaming revenue rose 17.2% to 186.5 billion yen ($1.26 billion) and accounted for about 58% of the segment’s improvement. Physical revenue gained just 1.5% to 31.5 billion yen ($213.2 million). The “other” category — including merchandise, live performances and licensing revenue from synch, public performance and broadcast — jumped 45.9% to 59.7 billion yen ($403.9 million).
Music publishing revenue rose 16.1% to 86.1 billion yen ($582 million). Streaming revenue climbed 22.4% to 50.9 billion yen ($343.9 million) and accounted for 78% of the segment’s year-over-year gain. Publishing’s “other” category grew 8% to 35.2 billion yen ($238.1 million).
Visual media and platform revenue declined 5.1% to 45 billion yen ($304.4 million). The segment includes mobile gaming, software for PCs and game consoles, and software development contracts.
Financial metrics for Sony Music’s fiscal third quarter ended Dec. 31, 2023:
Revenue of 422.1 billion yen ($2.85 billion), up 16.0% year over year.
Adjusted operating income of 98.5 billion yen ($666.2 million), up 25.3% year over year.
Recorded music of 286.5 billion yen ($1.94 million), up 19.9% year over year.
Music publishing revenue of 86.1 billion yen ($582 million), up 16.1% year over year.
Visual media and platform revenue of 45 billion yen ($304.4 million), down 5.1% year over year.
Fresh off of winning her second career Grammy, Kylie Minogue has signed with UTA for live representation and acting endeavors in North America. The Australian singer won the best pop dance recording Grammy — a new award — earlier this month for her viral hit “Padam Padam.” The song is from her 16th studio album Tension, which was released last year and […]
Cinq Music has raised $250 million from parent company GoDigital Media Group to fund further acquisitions of music rights, the company announced Monday (Feb. 12). This latest funding round builds on the $160 million GoDigital had previously given Cinq to build a repertoire of music rights — $20 million in August 2017, $40 million in […]
Believe founder and CEO Denis Ladegaillerie has formed a consortium with investment funds EQT and TCV as part of a wider effort to acquire full ownership of the French music company and take it private. The triad announced their intentions on Monday (Feb. 12), and the Believe board of directors unanimously voted to welcome the proposal to review.
All told, the bid values Believe’s entire share capital at 1.523 billion euros (USD $1.64 billion) based on 101,547 million shares outstanding.
Before they can take Believe private, Ladegaillerie, EQT and TCV first must acquire shares owned by historical shareholders TCV Luxco BD S.à r.l., XAnge and Ventech, which combined amount to 59.46% of the share capital. After this already agreed-upon transaction, Ladegaillerie would then contribute a portion of his company shares, representing an additional 11.7%, to the bidding conglomerate, as well as sell his remaining portion of 1.29%. An additional 3% has been obtained from other shareholders, bringing this group’s share of the company to roughly 75%.
Once these acquisitions are approved by regulators, the conglomerate would then make a tender offer for all Believe outstanding shares at an offer price of 15 euros per share, representing a 21% premium over the last closing price before the proposed buyout was announced (12.4 euros on Feb. 9). If legal conditions are met at the end of the offer, the company will then request the implementation of a squeeze-out procedure.
Completion of the acquisitions of the blocks of shares is expected to take place during the second quarter of 2024, and the filing of the subsequent tender offer would be sent to the Autorité des marchés financiers (AMF), which regulates the stock market in France, soon after.
The French digital music company, which owns TuneCore, began trading on the Paris Euronext exchange in June 2021.
Believe’s board has appointed an independent expert, Ledouble, to draw up an opinion on the offer, and assigned three board members to assist with that effort and work up their own recommendations for shareholders and employees.
In prepared comments, Ladegaillerie said Believe has “systematically outperformed its objectives, delivering its IPO plan two years ahead of schedule” but “the strength of its operational performance has not been reflected in the share price evolution.”
He added, “Believe has a significant opportunity ahead to consolidate the independent music market and create the first global major independent, at the service of artists at all stages of their career. In achieving this ambition, I am glad to continue benefiting from the active support of TCV who has accompanied Believe since 2014 and to be partnering with Europe-based EQT who has a great track record in supporting high growth companies.”
Believe has appointed Citigroup Global Markets Europe AG and Gide Loyrette Nouel as financial and legal advisers to assist the company and the three-member committee in their evaluation of the offer.