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Charles F. Dolan, who founded some of the most prominent U.S. media companies including Home Box Office Inc. and Cablevision Systems Corp., has died at age 98. A statement issued Saturday by his family said Dolan died of natural causes, Newsday reported late Saturday.
“It is with deep sorrow that we announce the passing of our beloved father and patriarch, Charles Dolan, the visionary founder of HBO and Cablevision,” the statement said.
Dolan’s legacy in cable broadcasting includes the 1972 launch of Home Box Office, later known as HBO, and founding Cablevision in 1973 and the American Movie Classics television station in 1984. He also launched News 12 in New York City, the first 24-hour cable channel for local news in the U.S., Newsday reported.
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The Cleveland native, who dropped out of John Carroll University in suburban Cleveland, completed the sale of Cablevision to Altice, a European telecommunications and cable company, for $17.7 billion in June 2016.
Dolan, whose primary home was in Cove Neck Village on Long Island in New York, also held controlling stakes in companies that owned Madison Square Garden, Radio City Music Hall and the New York Knicks and New York Rangers sports franchises, Newsday reported.
James L. Dolan, one of his sons, was the Cablevision CEO from 1995 until the 2016 sale to Altice. He now is the executive chairman and CEO of Madison Square Garden Sports Corp. The company owns the Knicks and Rangers, among other properties, according to the MSG Sports website.
A statement from MSG Entertainment, MSG Sports and Sphere Entertainment recalled Dolan’s “vision.”
“Mr. Dolan’s vision built the foundation for the companies we are today, and as a member of our Boards he continued to help shape our future. The impact he made on the media, sports, and entertainment industries, including as the founder of Cablevision and HBO, is immeasurable,” the statement said. “We do not expect this to directly or indirectly change ownership by the Dolan family.”
Newsday, which Cablevision purchased in 2008, also came under the control of Altice with the sale. Patrick Dolan, another son of Charles Dolan, led a group that repurchased 75% of Newsday Media Group in July 2016. Patrick Dolan then purchased the remaining 25% stake in 2018.
At the time of his death, Charles Dolan and his family had a net worth of $5.4 billion, Forbes reported.
Dolan was a founder and chairman emeritus of The Lustgarten Foundation in Uniondale, New York, which conducts pancreatic cancer research.
He is survived by six children, 19 grandchildren and five great-grandchildren. His wife, Helen Ann Dolan, died in 2023, Newsday reported.
In a week with little news and few regulatory filings, music stocks finished the last full week of 2024 by dropping for the third consecutive week. The 20-company Billboard Global Music Index (BGMI) fell 0.6% to 2,155.51, lowering its year-to-date gain to 40.5%. The index has fallen 5.5% over three weeks after rising 14.6% over […]
Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, died Thursday. He was 76.
Parsons, who died at his Manhattan home, was diagnosed with multiple myeloma in 2015 and cited “unanticipated complications” from the disease for cutting back on work a few years later.
The financial services company Lazard, where Parsons was a longtime board member, confirmed his death. Parsons’ friend Ronald Lauder told The New York Times that the cause of death was cancer.
Parsons stepped down Dec. 3 from the boards of Lazard and Lauder’s company, Estée Lauder, citing health reasons. He had been on Estée Lauder’s board for 25 years.
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“Dick was an American original, a colossus bestriding the worlds of business, media, culture, philanthropy, and beyond,” Ronald Lauder said in a statement on behalf of the Lauder family.
David Zaslav, the CEO of Time Warner successor Warner Bros. Discovery, hailed Parsons as a “great mentor and friend” and a “tough and brilliant negotiator, always looking to create something where both sides win.”
“All who got a chance to work with him and know him saw that unusual combination of great leadership with integrity and kindness,” Zaslav said, calling him “one of the great problem solvers this industry has ever seen.”
Parsons, a Brooklyn native who started college at 16, built a track record of steering big companies through tough times.
He returned Citigroup to profitability after turmoil from the global financial crisis and helped restore Time Warner after its much-maligned acquisition by internet provider America Online.
Parsons was named to the board of CBS in September 2018 but resigned a month later because of illness.
Parsons said in a statement at the time that he was already dealing with multiple myeloma when he joined the board, but “unanticipated complications have created additional new challenges.” He said his doctors advised him to cut back on his commitments to ensure recovery.
“Dick’s storied career embodied the finest traditions of American business leadership,” Lazard said in a statement. The company, where Parsons was a board member from 2012 until this month, praised his “unmistakable intelligence and his irresistible warmth.”
“Dick was more than an iconic leader in Lazard’s history — he was a testament to how wisdom, warmth, and unwavering judgment could shape not just companies, but people’s lives,” the company said. “His legacy lives on in the countless leaders he counseled, the institutions he renewed, and the doors he opened for others.”
Parsons was known as a skilled negotiator, a diplomat and a crisis manager.
Although he was with Time Warner through its difficulties with AOL, he earned respect for the company and rebuilt its relations with Wall Street. He streamlined Time Warner’s structure, pared debt and in early 2004 sold Warner Music Group to an investor group led by the Seagram heir Edgar Bronfman Jr. for about $2.6 billion. For Parsons, the sale represented the fulfillment of a key promise to Wall Street — he had pledged to reduce Time Warner’s debt by $8 billion by the end of 2004. Before selling the music division, Parsons had already offloaded a half-stake in Comedy Central, a share in the satellite TV company operating DirecTV, and the Atlanta Hawks and Thrashers sports teams. He also secured a $750 million settlement from Microsoft to resolve an antitrust lawsuit.
He later fended off a challenge from activist investor Carl Icahn in 2006 to break up the company and helped Time Warner reach settlements with investors and regulators over questionable accounting practices at AOL.
Parsons joined Time Warner as president in 1995 after serving as chairman and chief executive of Dime Bancorp Inc., one of the largest U.S. thrift institutions.
In 2001, after AOL used its fortunes as the leading provider of Internet access in the U.S. to buy Time Warner for $106 billion in stock, Parsons became co-chief operating officer with AOL executive Robert Pittman. In that role, he was in charge of the company’s content businesses, including movie studios and recorded music.
He became CEO in 2002 with the retirement of Gerald Levin, one of the key architects of that merger. Parsons was named Time Warner chairman the following year, replacing AOL founder Steve Case, who had also championed the combination.
The newly formed company’s Internet division quickly became a drag on Time Warner. The promised synergies between traditional and new media never materialized. AOL began seeing a reduction in subscribers in 2002 as Americans replaced dial-up connections with broadband from cable TV and phone companies.
Parsons stepped down as CEO in 2007 and as chairman in 2008. A year later AOL split from Time Warner and began trading as a separate company, following years of struggles to reinvent itself as a business focused on advertising and content. Time Warner is now owned by AT&T Inc.
A board member of Citigroup and its predecessor, Citibank, since 1996, Parsons was named chairman in 2009 at a time of turmoil for the financial institution. Citigroup had suffered five straight quarters of losses and received $45 billion in government aid. Its board had been criticized for allowing the bank to invest so heavily in the risky housing market.
Citigroup returned to profit under Parsons, starting in 2010, and would not have a quarterly loss again until the fourth quarter of 2017. Parsons retired from that job in 2012.
In 2014 he stepped in as interim CEO of the NBA’s Los Angeles Clippers until Microsoft CEO Steve Ballmer took over later that year.
“Dick Parsons was a brilliant and transformational leader and a giant of the media industry who led with integrity and never shied away from a challenge,” NBA Commissioner Adam Silver said.
Parsons, a Republican, previously worked as a lawyer for Nelson Rockefeller, a former Republican governor of New York, and in Gerald Ford’s White House. Those early stints gave him grounding in politics and negotiations. He also was an economic adviser on President Barack Obama’s transition team.
Parsons, whose love of jazz led to co-owning a Harlem jazz club, also served as Chairman of the Apollo Theater and the Jazz Foundation of America. And he held positions on the boards of the Smithsonian National Museum of African American History and Culture, the American Museum of Natural History and the Museum of Modern Art in New York City.
Parsons played basketball at the University of Hawaii at Manoa and received his law degree from Albany Law School in 1971. He is survived by his wife, Laura, and their family.
Universal Music Group and Amazon Music have expanded their global partnership, embracing “Streaming 2.0” as both companies aim to enhance artist-to-fan engagement through exclusive content with UMG artists, innovative product opportunities and increased fraud protection.
The partnership will explore new and enhanced product opportunities, including advancements in audiobooks, audio and visual programming and livestreaming content. UMG and Amazon Music will also collaborate to combat issues such as unlawful AI-generated content, fraud and misattribution, ensuring the integrity of creative works.
“We are very excited to advance our long-standing, excellent partnership with Amazon Music that marks a new era in streaming — Streaming 2.0,” said Sir Lucian Grainge, chairman & CEO of UMG. “We appreciate Amazon Music’s deep commitment to the interests of our artists, and look forward to progressing our shared artist-centric objectives through product innovation and accelerating growth of their service.”
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UMG laid out its Streaming 2.0 strategy — focusing on innovation, consumer segmentation, geographic expansion and higher average revenue per user (ARPU) — at the company’s capital markets day gathering in August. UMG plans to grow subscriptions in developing markets, where subscribers significantly boost ARPU. Additionally, UMG aims to attract audiobook listeners and satellite radio subscribers to convert them into music streaming users, leveraging these new audiences to drive further growth.
Steve Boom, vp of audio, Twitch and games for Amazon, noted that the expanded partnership would redefine streaming services by introducing more artist-to-fan connections through innovative products and exclusive content. “We’re thrilled to expand our relationship with UMG which will enable us to partner on meaningful new ways for artists to deepen their engagement with fans around the world, while working together to protect the work of artists, songwriters and publishers,” he said.
UMG has partnered with several AI technology companies to enhance artists’ creative and commercial opportunities while ensuring ethical practices. These collaborations include YouTube/Google, ProRata.AI, Endel, SoundLabs and BandLabs, among others.
The two companies expanded their working relationship in 2022 as well, providing Amazon Music and Twitch users with greater access to UMG content, including live streams, spatial audio, artist merchandise and other exclusive experiences.
In a miserable week for stock markets worldwide, Spotify continued to fall from its all-time high, K-pop stocks sank and one of the smallest companies on the Billboard Global Music Index posted a double-digit gain.
LiveOne was the week’s biggest gainer as the music streaming company’s shares rose 19.6% to $1.22 after it announced on Wednesday (Dec. 18) that its partnership with Tesla surpassed 350,000 subscribers. On Friday (Dec. 20), the company also said it has regained compliance with the Nasdaq exchange’s minimum bid price requirement.
Only two other music stocks posted gains this week. Sphere Entertainment Co. rose 2.5% to $38.74, bringing its year-to-date gain to 14.0%. Sphere Entertainment shares have lost 12.1% since the company announced its fiscal first-quarter results on Nov. 12. Reservoir Media also improved 2.3% on the week after jumping 4.8% to $9.26 on Friday.
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The Billboard Global Music Index (BGMI) fell 3.3% to 2,168.69, lowering its year-to-date gain to 41.4%. Just three of the index’s 20 stocks finished the week in positive territory. After increasing each week from late October to early December, the BGMI lost 4.9% over two consecutive weekly losses. The latest 3.3% weekly decline is only the fourth time in 2024 that the index has dropped more than 3% in a calendar week.
Stocks’ bad week extended beyond music companies. In the United States, the Nasdaq composite dropped 1.8% to 19,572.60 and the S&P 500 declined 2.0% to 5,930.85. In the United Kingdom, the FTSE 100 was down 2.6% to 8,084.61. South Korea’s KOSPI composite index fell 3.6% to 2,404.15. China’s Shanghai Composite Index dipped 0.7% to 3,368.07.
Among other music companies, Live Nation had a modest decline of just 2%, dropping to $133.17 despite more analysts increasing their price targets on the stock this week. Morgan Stanley raised its price target to $150 from $140 and Benchmark increased it to $160 from $144 and maintained its “buy” rating.
Spotify, the index’s most valuable company, fell for the second consecutive week. After closing above $500 on December 4, Spotify shares dropped 8.3% and closed at $460.88 on Friday, down 4.8% for the week. Overall, streaming had more losers than winners this week. Cloud Music fell 7.9% to 116.60 HKD ($14.99), marking the second-largest decline of the week. SPDB International began coverage of Cloud Music this week at a 145 HKD ($18.64) price target and “buy” rating. Elsewhere, Anghami fell 3.7% to $0.79.
Four K-pop stocks declined an average of 5.1% this week, reflecting the ongoing political uncertainty in the South Korean market. SM Entertainment was down 6.3%, JYP Entertainment fell 5.8%, HYBE dropped 4.3% and YG Entertainment sank 3.9%. Year-to-date, the four South Korean companies are down an average of 18.3%, a far deeper deficit than Universal Music Group (down 5.6% YTD) or Warner Music Group (down 12.9% YTD).
iHeartMedia, the week’s biggest loser, dropped 17.5% to $1.89. The radio company’s stock was trading at $1.00 on July 21 and rose to $2.61 on Dec. 6. In the last two weeks, however, its shares have slipped 27.6%.
Time for a pre-holiday madness edition of Executive Turntable, Billboard’s compendium of promotions, hirings, exits and firings — and all things in between — across music.
Read on for better-late-than-never personnel news and don’t forget to check out WMG chief Robert Kyncl’s year-end note to staff and dig into all of our year-end business content, plus peruse our weekly interview series spotlighting a single c-suiter and our daily calendar of notable goings-on.
Luke Armitage was appointed senior vp of global marketing at Warner Records, where he’ll oversee international marketing for the label’s U.S. roster. Based in Los Angeles, he reports to Warner Music’s chief marketing officer, Jessica Keeley-Carter, and collaborates with Warner Records’ co-chairmen Tom Corson and Aaron Bay-Schuck. Armitage joins Warner after six years at Capitol Music Group’s Astralwerks Records, where he led global marketing for artists like Marshmello and Katy Perry. He also contributed to projects by The Chemical Brothers, FISHER and Meduza, among others. Prior to Astralwerks, Armitage held court at Universal Music’s international division in London, Metropolis Studios, and Universal Music Publishing.
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Avex USA promoted Ryusuke (Ryan) Kamada to CFO, recognizing his pivotal role in the company’s growth since its 2020 launch. Ryan joined Avex in 2018 and transitioned from Avex’s Japanese headquarters to Avex USA, where he leveraged his expertise in global finance and law to expand operations in North America. He developed Avex USA’s corporate strategy, co-manages the Future of Music Fund and spearheaded partnerships with S10 and Roc Nation, among others. In Japan, Kamada was chief producer of Avex’s investment group, leading M&A and corporate venture capital investments. Prior to Avex, he worked in JP Morgan’s Tokyo office. The University of Pennsylvania grad began his career in Toyota’s legal division, handling major U.S. litigation and congressional hearings. Avex USA CEO Naoki Osada commended Ryan’s strategic vision, financial acumen, and “sincere respect and passion for songwriters are integral to the company culture.” Since its launch in Los Angeles in 2020, the U.S. branch of the Tokyo-based music and entertainment company has established a publishing division, a music start-up investment program and a record label.
Sphere Entertainment appointed Marcus Ellington as executive vp of ad sales and sponsorships, effective immediately. Ellington will develop and lead an ad sales and sponsorships unit to maximize revenue for Sphere’s assets, including the Vegas venue’s unmistakable exterior, known as the Exosphere. He’ll also drive brand-centric opportunities and broader marketing partnerships. Ellington is based in New York and reports to Jennifer Koester, Sphere’s president and COO. Ellington joins Sphere from Google, where he held various sales and partnership roles, most recently as director of Americas partnerships solutions. His experience includes overseeing relationships and ad revenue for Google’s largest media and entertainment partners. Prior to Google, he worked at Interactive One and CBS, and over the years has received industry awards and served on several boards. Koester praised Ellington’s innovative leadership and track record with premier brands “across a range of industries, which will be an asset as we continue evolving how brands can partner with Sphere to create impactful experiences unlike anywhere else.”
Melanie Santa Rosa
Third Side Music named Melanie Santa Rosa as its new head of copyright, based in New York. Reporting to co-founder/CEO Patrick Curley, Santa Rosa will lead the copyright department, focusing on transparency, efficiency and maximizing value for the independent publisher’s extensive roster, which includes Kurt Vile, SOFI TUKKER, Future Islands, Sky Ferreira and more. Santa Rosa brings a wealth of experience to the role, having previously served as executive vp of global digital copyright administration at Word Collections, managing worldwide copyright and royalty administration. She also spent 12 years at Spirit Music Group, rising to senior vp of global administration, and worked at BMI for a decade, collaborating with songwriters, publishers, and performing rights organizations. An advocate for creators, Santa Rosa serves on the AIMP New York Chapter board and is active in several industry organizations. Patrick Curley praised Santa Rosa’s expertise and reputation: “She is precisely the person we needed to lead the operation and development of Third Side Music’s worldwide collections platform in the years to come,” he said.
Infinite Reality, a leader in digital media and e-commerce leveraging spatial computing and AI, appointed Drew Wilson as chief operating officer. Wilson, who most recently served as both COO and chief financial officer at SoundCloud, will manage business operations, drive revenue, and advance iR’s strategic vision. Under his watch at SoundCloud, the audio platform achieved profitability for the first time in the company’s history, driving significant revenue growth, margin improvements and product innovation. He has also held key roles at First Look Media, AwesomenessTV, RLJ Entertainment and Warner Bros. Discovery, contributing to revenue growth and digital transformation. John Acunto, iR’s co-founder and CEO, praised Wilson’s proven ability to scale digital media businesses and his expertise in technology and fan engagement.
AEG Presents promoted Evan Marks to talent buyer for the Rocky Mountains region. Previously an assistant in the role, Marks will now oversee bookings at prominent venues like Mission Ballroom, Ogden Theatre, Gothic Theatre, Bluebird Theatre and some outdoor spot called Red Rocks. Based in Denver, he’ll report to Don Strasburg, president of Rocky Mountains and Pacific Northwest. A Houston native, Marks has been active in the Colorado music scene for nearly 15 years. After graduating from CU Boulder, he began his career as a talent buyer at Cervantes’ Masterpiece Ballroom in 2017 before joining AEG Presents Rocky Mountains in 2022. Strasburg commended Marks for his passion and dedication to live music, highlighting his deep musical knowledge and strong execution skills. “Evan’s wide berth of musical knowledge and ability to execute will meet and exceed the lofty expectations of our music community.”
Eddie Kloesel has been named partner at WHY&HOW, the management company founded by Bruce Kalmick. Joining at its inception in 2020 as vp of touring and sponsorships, Kloesel was later promoted to executive vp, playing a pivotal role in shaping the company’s strategic goals. He has spearheaded brand partnerships, touring strategies and album releases, contributing to the success of clients like Whiskey Myers and Chase Rice. With a music industry career spanning nearly two decades, Kloesel began in 2005 as a day-to-day tour manager for Brandon Rhyder and joined Triple 8 Management in 2011 before becoming a member of WHY&HOW’s founding team. Kalmick calls Kloesel a a “trusted strategic thinker who approaches our clients’ business like an entrepreneur,” adding, “He’s always thinking outside the box and has brought forward opportunities that are not only lucrative for our clients but are also unique within the industry.”
Supreme Music secured the exclusive services of renowned sound designer Markus Stemler, celebrated for his Academy Award-nominated and BAFTA-winning work on All Quiet on the Western Front. This collaboration strengthens Supreme Music’s sound design and audio post-production for advertising and branded content. Stemler, known for projects like The Matrix Resurrections and Cloud Atlas, brings expertise in dialogue editing, ADR, Foley and re-recording mixing. His recent credits include Tides (2021) and Perfect Days (2023). For Supreme Music, he has contributed to standout campaigns such as Penny’s Wonderful World and the American Red Cross’ Mom, showcasing his exceptional artistry and versatility.
HarbourView Equity Partners partnered with The CultureShaker to lead its brand, marketing and PR efforts. The CultureShaker’s founder, Lucinda Martinez, will now serve as chief marketing officer of the investment firm, joined by Deborah Renteria as vice president of brand and content strategy. Martinez, known for award-winning campaigns like Game of Thrones and Insecure, brings a quarter-century of experience from Netflix, HBO and Comedy Central. Renteria brings complimenting expertise in content development and audience engagement from roles at Lionsgate, Facebook, and HBO. HarbourView CEO Sherrese Clarke Soares praised the team’s cultural and strategic insights, essential for the firm’s rapid growth, adding: “The CultureShaker is our first operating partner under our Create Platform, further cementing our position as a valued partner to artists, content creators, investors as we broaden our footprint and deepen our focus across the entertainment and creative ecosystem to continue to drive ROI.”
Curbside Concerts, a Canadian company that produces curbside concerts, welcomed Tracy Posadowski and Tom Yeates as managing directors of sales and marketing. Posadowski, co-founder of ATTCo Global Services, and Yeates, with extensive revenue management experience, aim to expand the company in Canada, enter the U.S. market, and explore new business avenues. Founded by Matt and Amanda Burgener during the COVID-19 pandemic to support struggling musicians, Curbside Concerts has grown significantly in its first four years, bringing music to people’s yards and curbs.
Isekai Records, a joint venture with Broke Records, launched in August 2024 by Ewan Jenkins, Jack Mangan and RJ Pasin, aims to be artist-friendly. Jenkins and Mangan, co-founders of E2J Artist Management, gained recognition in 2023 by managing Pasin, whose TikTok followers grew from 10,000 to 2.8 million and Spotify listeners to 7.5 million monthly. Isekai Records leverages their expertise to support emerging talent. Their debut release, “Embrace It” by Ndotz, marked their global entry and commitment to artist-centric music production.
ICYMI:
Hugh Forrest
The board of directors of Farm Aid appointed Shorlette Ammons and Jennifer Fahy to lead the non-profit effective Jan. 1 … Hugh Forrest was promoted to president of South by Southwest, where he’ll continue to oversee programming and assume full leadership of an organization. Jann Baskett, the current co-president and chief brand officer, prepares to step down on New Year’s Eve.
Last Week’s Turntable: Red Light Green Lights Former Warner Nashville Prez
Several more players in the independent music community have called on regulators to block the acquisition of Downtown Music Holdings by Universal Music Group (UMG) announced this week, arguing the deal “would seriously distort the global music market” and “reduce competition and the independents’ bargaining power.”
Virgin Music Group, which is owned by UMG, announced Monday (Dec. 16) that it had agreed to buy Downtown Music Holdings for $775 million in a deal that would beef up the music giant’s market share by absorbing Downtown’s stable of indie distributors, publishing and rights administrators including FUGA, CB Baby, AdRev and Songtrust. The deal came just two months after UMG acquired the remaining shares of indie label group [PIAS], including its services division, Integral — an agreement that was similarly criticized by indie trade groups, who have asked regulators to launch an investigation into the pact.
In a joint release Thursday (Dec. 19), several indie music leaders said the deal, if allowed to go through, would result “in fewer options for smaller companies to negotiate fair terms and compete on equal footing, leading to higher costs and less choice.”
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“We are the global independent music community,” said Noemí Planas, CEO of Worldwide Independent Network (WIN), in a statement. “UMG trying to present this as an investment in the independent ecosystem is fooling no one. This is wealth extraction from the independents, another step in UMG’s relentless path to dominance and stifling competition. Independent music is the lifeblood of cultural innovation and market consolidation threatens the diversity that makes music so rich and compelling around the world. We call on regulatory bodies to block the deal.”
Also speaking out against the acquisition was A2IM CEO Richard James Burgess, who stated: “Universal Music Group’s acquisition of Downtown Music’s assets continues a troubling trend of consolidating independent music infrastructure, following acquisitions of InGrooves, MTheory, and PIAS. This increasing level of market concentration chips away at the competitive landscape, making it increasingly difficult for truly independent artists and companies to operate freely and equitably. These acquisitions risk silencing the independent voices that drive innovation and creativity in the music industry.”
Added Darius Van Arman, CEO of Secretly Distribution and co-founder of Secretly Group, “When near-monopolist Universal acquires Downtown, one of the largest independent music ecosystems, and does so in the name of independence, it cheapens what the word means. Market consolidation at this scale is not only anti-competitive, it is a fundamental threat to true independence.”
Virgin’s purchase of Downtown is just the latest in a string of similar acquisitions by major labels over the last several years. In 2024 alone, UMG acquired Outdustry, a label services and rights management firm that works across China, India, and other Asian markets; Thailand-based recorded music catalog RS Group; Nigerian record label Mavin Global; and a minority stake in U.S.-based Chord Music Partners, among others. Two years ago, Sony Music made a splash when it acquired AWAL and Kobalt Neighbouring Rights from Kobalt Music Group, followed by the more recent acquisitions of companies like Spanish label and distributor Altafonte and Greek independent label Cobalt Music. And Warner Music Group has snapped up minority stakes in European indie labels of late, including Dancing Bear Music (Croatia), NIKA (Slovenia) and Mascom (Serbia); it also fully acquired the Dutch label Cloud 9 Recordings in October.
“Whilst we are in favour of free enterprise, monopolies dominate market forces and remove the ability to compete,” said Maria Amato, CEO of Australian Independent Record Labels Association (AIR), in a statement on the Downtown deal. “There must be regulation to ensure that Universal who is already the largest music business in the world with a large stake in Spotify does not dictate prices and the ability for artists and labels to negotiate fair and equitable terms.”
“The recent acquisition by large corporations of companies that until recently were independent is a red alert for the entire global independent music community,” added Felippe Llerena, president of Brazilian trade association ABMI. “The Orchard, AWAL, Som Livre, Proper Music, Altafonte and now Downtown Music are examples of how multinational capital is reshaping the sector. ABMI believes that it is our duty to protect and promote an independent ecosystem, where artists, labels and companies can create freely and sustainably. Our fight is for the appreciation of music as art, culture and expression, not as a simple market product.”
In her own statement, Cecilia Crespo, GM of the association of Argentinian record labels ASIAr, said: “Concentration not only has a negative impact in the way platforms distribute royalties to artists and rights holders (based on market share), but also due to the unregulated use of data and intelligence from the analysis of the data and the behavior of all actors involved (artists, audiences, and users).”
On Tuesday (Dec. 17), several other indie music players came out in opposition to the Downtown acquisition, including indie labels trade body IMPALA, the U.K.-based Association of Independent Music (AIM) and global indie music publishers trade body IMPF.
UMG didn’t immediately respond to Billboard‘s request for comment on the latest statements of opposition.
Dualtone Music Group president and partner Paul Roper died on Tuesday (Dec. 17) following a battle with cancer. Roper was 45. A statement from Nashville-based Dualtone Music Group noted, “Paul’s vision and unwavering commitment continues to define the heart and soul of Dualtone. He led Dualtone and his team with dedication, authenticity, humor, and kindness […]
Actively Black, a Black-owned global sportswear brand, has partnered with the Shakur Estate to introduce a new collection: Tupac X Actively Black. Inspired by the late rapper’s enduring legacy as a music icon and poet, the first drop in the new line will be available for purchase on Christmas Day (Dec. 25), exclusively at activelyblack.com.
In a statement announcing Tupac X Actively Black, the Shakur Estate commented, “With this collaboration, Actively Black celebrates Tupac’s enduring impact on culture, creativity and artistry. Actively Black’s commitment to empowering the Black community perfectly aligns with Tupac’s mission to inspire and spark meaningful change. Inspired by [the poem] “The Rose That Grew from Concrete,” this collection honors Tupac’s voice and message, ensuring it resonates with a new generation.”
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The first drop features a collection of unisex hoodies and T-shirts illustrated with custom co-branded artwork and imagery from Tupac’s archives. The standout piece in the new collection is a relaxed hoodie in washed grey with a graphic rendering of the poem in the late rapper’s own handwriting.
“I grew up listening to Tupac, and even before I fully understood the content of his music, there was something moving about his delivery that resonated with me and so many others still, to this day,” said Lanny Smith, founder of Actively Black. “In early interviews of Tupac, you can see his passion to breathe new life into the Black pride movement. His awareness about the truths of society and determination to improve the lives of his people was awe-inspiring.”
Tupac X Actively Black is the latest collaboration from Actively Black. The company recently introduced a new apparel collaboration with Disney in celebration of the latter’s Mufasa: The Lion King. Earlier this year, Actively Black partnered with the Nigerian Olympic delegation, serving as the official outfitter and apparel sponsor for team Nigeria at the 2024 Paris Olympic Games. The company’s additional partnerships and collaborations include the estates of Muhammad Ali, Michael Jackson and Bob Marley as well as sports franchises the Sacramento Kings and Houston Rockets.
A former NBA player for the Sacramento Kings, Smith launched Actively Black in 2020. Of the upcoming debut of Tupac X Actively Black, Smith singled out a favorite Shakur quote in the announcement release. “One of his quotes has always stayed with me: ‘I may not change the world, but I guarantee I will spark the brain of someone who will.’ I am one of the minds Tupac sparked; and Actively Black is an extension of our shared mission to uplift and empower our people. Tupac X Actively Black is an ode to the genius of Tupac Shakur. He represented us: the Black community, boldly and unapologetically; his legacy embodies what it means to be ACTIVELY Black.”
12/18/2024
New faces, touring and regional genres propelled Latin music to outpace the market, yet again, with no end in sight.
12/18/2024