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Merck Mercuriadis will step down as chief executive officer of catalog investment advisor Hipgnosis Song Management, the company announced on Friday (Feb. 2). The executive, who spent years managing the careers of artists like Elton John, Beyoncé and Guns N’ Roses before launching Hipgnosis, will transition to a newly created chairman role and will continue to “lead engagement” with industry stakeholders on behalf of the business, it said.
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Taking on the CEO role will be Ben Katovsky, HSM’s president and chief operating officer since joining the company in October 2022. He boasts almost two decades of experience in the music industry, most recently in a seven-year tenure as chief operating officer at BMG.
“One of our most important goals has been to bring an institutional rigor to Hipgnosis Song Management,” Mercuriadis said. “Over the last 16 months, Ben has done an amazing job building the team and HSM’s capabilities to deliver the best possible service to our clients and I’m certain this appointment makes us stronger.”
Added Katovsky, “I am proud to be asked to lead HSM through its next chapter, building on all Merck has achieved. In my time in the music industry I haven’t come across anyone who can match his rapport and relationships with songwriters and artists.”
Hipgnosis Song Management is the investment advisor for Hipgnosis Songs Fund, the publicly-listed royalty fund with a catalog that includes stakes in songs by Neil Young, Justin Bieber, Journey, Lindsey Buckingham, Blondie, Justin Timberlake and many other artists and writers. HSF capped a turbulent 2023 by lowering the value of its catalog following what new board chair Robert Naylor described to investors as a strained relationship with the Mercuriadis-led HSM over the catalog’s value.
A third Hipgnosis, Hipgnosis Songs Capital, is a joint venture between HSF and investment giant Blackstone. It is wrapped in a proposal to acquire 29 catalogs for $440 million to help the public fund reduce its debt and improve its share price.
In January, the public fund’s board of directors leveled several complaints against its namesake advisor, calling into question its ability to field competitive bids for its trove of assets. A main sticking point is the investment advisor’s call option — a right to purchase the company’s catalogs if its contract is terminated with less than 12 months’ notice, among other scenarios — which the board contends harms the fund’s ability to receive competitive bids.
The fund’s board wants to make the bidding process more attractive and on Jan. 18 announced a proposal to pay bidders a 20-million-pound ($25.4 million) fee to cover due diligence and acquisition costs when they pursue a purchase of HSFs assets. Shareholders will vote Feb. 7 on that proposal.
HSM said in its announcement that it has sought approval from the fund for the management transition.
In further comment, Katovsky praised HSM’s two clients — HSF and HSC — for their “vision, ambition and on-going commitment to grow music as an asset class through HSM,” and said he hoped to collaborate well with the fund’s board going forward.
“I particularly hope we will be able to work constructively with the Board of Hipgnosis Songs Fund Ltd, as I believe that HSM is best able to deliver value for their shareholders whether they decide the Company has a future as a long-term operation or wish to pursue the sale of assets following their strategic review,” he said.
Added Mercuriadis, “Having invested almost $3 billion on behalf of our clients in extraordinarily successful songs we are at an important juncture in our development where the services we provide to our clients are of paramount importance. Our commitment remains stronger than ever. We look forward to continuing our work with songwriters and the creative community to create the greatest possible opportunities from the iconic and culturally important Songs which we manage on behalf of HSM’s clients.”
Two days after Universal Music Group (UMG) announced it would likely pull its music catalog from TikTok over a licensing dispute, indie publishing giant Primary Wave Music has come out in support of the company’s decision.
In a statement released Thursday (Feb. 1), Primary Wave, led by founder/CEO Larry Mestel, said it applauds UMG “for standing up to TikTok and its blatant disregard for artists and songwriters” while blasting TikTok’s response to UMG’s decision, which UMG announced in an open letter addressed to its artists and songwriters on Tuesday (Jan. 30).
“The notion that TikTok would try to rationalize willfully underpaying artists because, the platform says, it offers artists ‘promotion’ is a decades-old canard that has no place in any modern music business,” the Primary Wave statement continues. “Artists and songwriters need to be compensated appropriately for their work and protected from unethical uses of AI. Period. We’re proud to stand alongside UMG and the artist advocates that have called upon TikTok to appropriately pay and protect the songwriters and artists who are critical to the growth and cultural relevance of the platform.”
Primary Wave represents multiple artists and estates with deals with UMG, including Olivia Newton John and Bob Marley.
In UMG’s open letter, the company — which boasts such superstars as Taylor Swift, BTS, Drake and The Weeknd on its roster — announced that all UMG music would be removed from TikTok after its current licensing deal expired Thursday (Jan. 31) while citing deep disagreements over artist compensation, artificial intelligence, TikTok’s alleged failure to combat infringing musical works and user safety. It also accused TikTok of attempting to “bully” UMG “into accepting a deal worth less than the previous deal, far less than fair market value and not reflective of their exponential growth” by threatening to selectively remove the music of some of UMG’s developing artists.
Just hours later, TikTok responded by accusing UMG of putting “greed above the interests of their artists and songwriters” while slamming what it called UMG’s “false narrative and rhetoric…the fact is they have chosen to walk away from the powerful support of a platform with well over a billion users that serves as a free promotional and discovery vehicle for their talent.”
On Thursday (Feb. 1), UMG responded to TikTok by saying the platform’s own statement “perfectly sums up its woefully outdated view: Even though TikTok (formerly Musical.ly) has built one of the world’s largest and most valuable social media platforms off the backs of artists and songwriters, TikTok still argues that artists should be grateful for the ‘free promotion’ and that music companies are ‘greedy’ for expecting them to simply compensate artists and songwriters appropriately, and on similar levels as other social media platforms currently do.”
UMG’s catalog began disappearing from TikTok on Thursday.
Clive Davis introduced nine-time 2024 Grammy nominee SZA to present the Clive Davis Visionary Award to her manager and label heads, Top Dawg Entertainment president Terrence “Punch” Henderson and Anthony “Top Dawg” Tiffith, at Billboard’s 2024 Power 100 event last night (Jan. 31).
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The star-studded event bringing together the most influential and powerful figures in music was held at Neuehouse in Hollywood, where the legendary record executive Davis took the time to outline the successes and exploits of Tiffith and Henderson since the launch of TDE in 2004.
“Throughout my career, I’ve always had the great fortune of working with truly remarkable producers who created hits and helped shape the careers of some of the biggest and brightest stars in music,” Davis said. “The executives we are honoring tonight, their names are Anthony Tiffith and Terrence Henderson; you know them as Top Dawg and Punch. They without question share the gift of all those outstanding producers who have made their mark on music history.”
Davis then turned his speech to SZA, whom he called “one of today’s most exciting music artists,” and ran through a number of the accomplishments she has racked up in the past year. “SZA’s latest acclaimed album, we all know, S.O.S., has earned a whopping nine 2024 Grammy nominations, the most of any artist this year, and it includes album of the year, record of the year, song of the year, best progressive R&B album and best R&B song,” he said. “S.O.S. was No. 1 for 10 weeks on the Billboard 200, and — this is amazing — all 23 of the album’s tracks charted on the Billboard Hot 100, with five top 10s.”
He then introduced SZA, who gave a speech that lauded Punch and Top Dawg for their vision in believing in her since the very beginning of her career.
“I was just talking to Punch the other day about how much vision he had to have to see what he saw in me with no credentials,” she said. “I really was looking insane and behaving insane and refused writers and all these things, and he believed in me. People would come to him and tell him he should change how I look, or I should be doing these kind of beats or working with these writers, and he didn’t change a single thing about me. He completely believed and constantly told me that I was the greatest, which I thought was ridiculous, and I was so grateful for his delusion. You know, Top literally also somehow had this belief in me, and I was nothing like any of my family members in TDE, I didn’t come from the same place, I was just a different type of person, and no matter how many times we would have conversations that differed, he would fight to understand me.”
She then introduced Punch and Top Dawg to speak. The latter kept it short — “You know me, I’m behind the scenes all the time; I’m like SZA, I don’t like all these cameras and the limelight,” he said — before turning it over to Punch.
“When you think about a visionary, you have to have foresight. And coming from where we come from — we both come from the Nickerson Garden projects — you have to have vision, you have to have foresight. And usually you don’t; you can’t see past your circumstances, or even see past what’s right in front of you,” he said. “So from there, we went on to be 20 years in in this business. That takes a razor-sharp vision, for sure. Even to help different artists, like a young girl from the suburbs of Maplewood, New Jersey, to reach the top of the pop charts, that’s crazy, and that also takes vision. So to the visionaries, keep seeing things with your eyes closed, and see it through.”
Find the full 2024 Billboard Power 100 list here.
SiriusXM added 131,000 self-pay subscribers in the fourth quarter and beat its full-year guidance for earnings and free cash flow while only slightly missing its revenue goal, the company announced Thursday (Feb. 1). The satellite radio giant lost 445,000 self-pay subscribers for the full year, however.
Full-year revenue declined 0.6% to $8.95 billion, slightly below last quarter’s guidance of $9 billion. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) declined 2% to $2.8 billion, coming in a little above guidance of $2.75 billion. Free cash flow of $1.2 billion was down about 23% but beat guidance by $50 million.
SiriusXM, built on a satellite radio service favored by older consumers, is in re-building mode. The company launched a new app in November and a $9.99-per-month streaming-only subscription service aimed at younger audiences who don’t listen primarily in their cars. The app houses Sirius’ 400-plus channels in addition to an audio library and a growing stable of podcast content that includes such brands as Smartless, which earlier this week left Amazon’s Wondery after striking a $100 million deal with SiriusXM, and Conan O’Brien’s Team Coco, which SiriusXM acquired in 2022.
The strategy isn’t likely to produce results this year, though. “While early indications are showing signs of positive impacts of our business investments, it will take time for these to fully reflect in our subscriber and financial metrics,” said CEO Jennifer Witz during Thursday’s earnings call.
While SiriusXM expects “roughly level” subscriber numbers in 2024, new streaming-only subscribers pay less than satellite radio subscribers and will result in a lower average revenue per user. Those factors, along with an advertising market Witz called “uncertain,” leads the company to expect two of its key financial metrics to fall in 2024. Full-year revenue guidance of $8.75 billion would be a 2.2% decline from $8.95 billion in 2023, while adjusted EBITDA guidance of $2.7 billion would mark a 3.3% year-over-year decline. Free cash flow is expected to remain at $1.2 billion.
Investors appeared to have baked the rebuild process into their forecasts and did not react negatively to Thursday’s earnings results. Shares of SiriusXM rose as much as 5.1% on Thursday morning and closed at $5.23, up 2.8%.
SiriusXM’s satellite radio service generated full-year revenue of $6.8 billion, down 1% year over year. Self-pay subscribers grew 131,000 in the fourth quarter after falling 96,000 in the third quarter. For the full year, self-pay subscribers fell by 445,000 to approximately 34 million. Paid promotional subscribers dropped by 225,000 in the fourth quarter but increased by 15,000 for the full year.
Pandora revenue increased 1% to $1.6 billion, while its subscribers fell 3% to 6.0 million, down from 6.2 million at the end of 2022. The music streaming service finished the year with 46.0 million monthly active users, down 3.4% from 47.6 million in the prior-year period. Total ad-supported listener hours of 10.48 billion in 2023 was down 4% from 10.88 billion in 2022. Pandora’s gross profit dipped 3% to $638 million.
SiriusXM laid off 8% of its staff in March 2023, which resulted in approximately $140 million in cost savings, CFO Tom Barry said on Thursday. This year, the company is targeting nearly $200 million in additional savings, he added, that will be “reinvested” in “more targeted and more performance-oriented marketing on the streaming side.”
SiriusXM’s full-year 2023 financial metrics
Total revenue of $8.95 billion, down 0.6%.
Adjusted EBITDA of $2.8 billion, down 2%.
Free cash flow of $1.2 billion, down 23%.
SiriusXM revenue of $6.8 billion, down 1%.
Pandora revenue of $1.6 billion, up 1%.
SiriusXM satellite radio self-pay subscribers of 34 million.
Pandora subscribers of 6 million.
Republic Records‘ CEO and COO Monte and Avery Lipman accepted the award for the label of the year at Billboard‘s Power 100 event last night (Jan. 31) in Los Angeles. The award was presented by Noah Kahan, who recalled being signed to the label nine years ago when he was, he recalled, “a kid with […]
With 110 million buyers, sellers, collectors and lurkers roaming through Discogs every year, the 23-year-old online music marketplace’s forum threads are not exactly full of emotional support. In one of the notoriously messy threads, users complain about the May 2023 increase in selling fees from 8–9%. “What a rip off,” goes one post.
In another forum, someone advises a seller contending with a buyer demanding a full refund: “People here need to have more balls when dealing with dopes. Grow a pair.” And another user simply writes: “Discogs has gone downhill. It’s really sad. I have loved this site for so long. It feels like bots are running it. AI is just going to make it worse.”
How does Discogs turn these passionate, semi-anonymous user criticisms into upgrades? Very carefully, according to Lloyd Starr, chief operating officer since May 1: “We’ve got millions of people on the platform every month now. It’s a lot harder to find the signal in that noise.”
To improve communication between Discogs and its users, the company’s executive leadership plans to spend 2024 rolling out initiatives to solicit user suggestions and make broad changes. The Discogs community remains angry about the fee increase — which applies to shipping costs, too — and the way the company suggested the “easiest thing” for sellers to do would be to increase their prices. In a “we can do better” post last month, founder and CEO Kevin Lewandowski announced a soon-to-be-created Community Advisory Board, for users to “bring feedback and ideas to Discogs and influence how the platform evolves.”
The advisory board, Starr suggests, will be the centerpiece of Discogs’ changes. In roughly late March, Discogs will solicit applications from users and appoint representatives from the “selling, contributing and collecting” communities, as Starr calls them, by early summer. “It’s more of a dynamic conversation than a one-way post on a forum,” he says.
Lewandowski and Starr have already begun their Discogs feedback-solicitation tour. The pair traveled to New York City together in mid-January to meet with power users, including Craig Kallman, chairman and CEO of Atlantic Records, who gave them a tour of his two million LPs. Starr won’t reveal exactly what these users suggested, but he outlines a broad plan for Discogs to use surveys, polls and live contests at record-selling events. “We really want the community to feel listened to and give them advice,” he says.
In addition, Discogs will roll out “25 in ’25,” an attempt to boost the company’s online database from 17 million listed items to 25 million by its 25th anniversary in November 2025. (As of 2019, the latest year in which Discogs released sales numbers, users sold 14.6 million items on the platform, including 11.6 million vinyl LPs.)
To help achieve 25 million, the company recently hired Brent Greissle, a longtime user who has personally added 50,000 entries to Discogs’ database, as principal of discography affairs, to oversee the project. Starr also hopes to expand the database’s “richness and diversity in culture,” tapping into Brazil’s record-store community, for example, through trips to Sao Paulo, like one Lewandowski recently took to visit the world’s biggest LP collector, Zero Freitas, who by some accounts owns over six million records.
As for technological changes, Lewandowski spells out plans to improve the log-in and checkout systems and want lists. “I wrote most of the code originally back in 2000. It had a major rewrite in 2004. Some of our current software goes back that far,” he says. “This enables us to do things faster and give the community things they’ve been asking us for.” Starr elaborates that Discogs has been working for years to upgrade order management, user authentication and fraud mitigation to bring the site up to Amazon-style e-commerce standards — but it’ll take more time. “We’ve got a little technical debt to resolve here,” he says.
Several Discogs users say they’re skeptical of broad changes coming from executive leadership, which they say hasn’t listened to their concerns. Jonathan Highfield, a longtime seller near Liverpool, England, complains that Greissle, a liaison between Discogs management and user forums, is too overloaded to respond effectively about slow-loading pages or difficulty searching for releases by genre, style or label. “If they’re listening, great, but the channel is too narrow for enough information to pass through,” Highfield says. “It makes people not want to use the site.”
And like many sellers, Kurt Walling, a semi-retired optician in Streetsboro, Ohio, who has been offloading portions of his personal collection via Discogs for years, remains upset about last year’s increase in selling fees. Of the imminent changes Starr is describing, Walling says: “My inclination is to think it’s corporate stuff. I don’t think it’s sincere.”
By way of response, Starr says, the last time Discogs changed its fees was 10 years ago, and since then, the company has been “absorbing the rising cost of salaries, the rising cost of enterprise software.” Plus, competitors like Amazon and eBay take a sales percentage out of every order, and Discogs is “doing the same thing.” While Discogs could have communicated the new fees more effectively to users, according to Starr, “I don’t think removing fees makes sense.”
And for all the discontent found on the Discogs forums, one user is satisfied with his experience: Kallman, who continues to use its database to help track Atlantic’s vast catalog of releases. “Crucial, rare, out-of-print recordings that might otherwise be at risk of being forgotten in the digital era are all preserved,” he says. “The database is the most valuable asset of Discogs, and they give it away for free. It’s a constant, evolving, living, breathing organism that continues to fine-tune to maintain the completeness of the platform.”
To judge from the results of a report commissioned by GEMA and SACEM, the specter of artificial intelligence (AI) is haunting Europe.
A full 35% of members of the respective German and French collective management societies surveyed said they had used some kind of AI technology in their work with music, according to a Goldmedia report shared in a Tuesday (Jan. 30) press conference — but 71% were afraid that the technology would make it hard for them to earn a living. That means that some creators who are using the technology fear it, too.
The report, which involved expert interviews as well as an online survey, valued the market for generative AI music applications at $300 million last year – 8% of the total market for generative AI. By 2028, though, that market could be worth $3.1 billion. That same year, 27% of creator revenues – or $950 million – would be at risk, in large part due to AI-created music replacing that made by humans.
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Although many of us think of the music business as being one where fans make deliberate choices of what to listen to – either by streaming or purchasing music – collecting societies take in a fair amount of revenue from music used in films and TV shows, in advertising, and in restaurants and stores. So even if generative AI technology isn’t developed enough to write a pop song, it could still cost the music business money – and creators part or even all of their livelihood.
“So far,” as the report points out, “there is no remuneration system that closes the AI-generated financial gap for creators.” Although some superstars are looking to license the rights to their voices, there is a lack of legal clarity in many jurisdictions about under what conditions a generative AI can use copyrighted material for training purposes. (In the United States, this is a question of fair use, a legal doctrine that doesn’t exist in the same form in France or Germany.) Assuming that music used to train an AI would need to be licensed, however, raises other questions, such as how many times and how that would pay.
Unsurprisingly, the vast majority of songwriters want credit and transparency: 95% want AI companies to disclose which copyrighted works they used for training purposes and 89% want companies to disclose which works are generated by AI. Additionally, 90% believe they should be asked for permission before their work is used for training purposes and the same amount want to benefit financially. A full 90% want policymakers to pay more attention to issues around AI and copyright.
The report further breaks down how the creators interviewed feel about using AI. In addition to the 35% who use the technology, 13% are potential users, 26% would rather not use it and 19% would refuse. Of those who use the technology already, 54% work on electronic music, 53% work on “urban/rap,” 52% on advertising music, 47% on “music library” and 46% on “audiovisual industry.”
These statistics underscore that AI isn’t a technology that’s coming to music – it’s one that’s here now. That means that policymakers looking to regulate this technology need to act soon.
The report also shows that smart regulation could resolve the debate between the benefits and drawbacks of AI. Creators are clearly using it productively, but more still fear it: 64% think the risks outweigh the opportunities, while just 11% thought the opposite. This is a familiar pattern with the music business, to which technologies are both dangerous and promising. Perhaps AI could end up being both.
After more than 1,500 votes cast over three rounds of voting, Billboard Pro members selected Universal Music Publishing Group chairman/CEO Jody Gerson for the 2024 Power Players’ Choice Award, which honors the executive they believe had the most impact across the business in the past year. Since Gerson joined UMPG in 2015, the company’s annual […]
In Warner Music Group‘s sprawling 2023 ESG report, released Tuesday (Jan. 30), the label outlined plans and goals for its workforce, artists and environmental impact.
“We are determined to transform our business and spur industry change to mitigate the effects of the climate crisis,” the report states in an expansive section on sustainability practices. “This includes measuring and understanding WMG’s environmental footprint, setting science-based targets to reduce emissions…and leveraging our scale, experience and partnerships to foster cross-industry cooperation to minimize the environmental impacts of making and distributing music.”
For the company, these changes start with the company’s brick-and-mortar spaces, with the goal that “WMG will source 100% renewable energy for our operations” by 2030.
The plan is to first implement this initiative in WMG’s global offices and workspaces before rolling it out to WMG-owned and operated facilities. The company also plans to decarbonize its workplaces through 100% renewable energy-based power by 2030.
The report cites WMG joining with Sony Music Entertainment and Universal Music Group in 2023 to establish the Music Industry Climate Collective. The first initiative of this working group has been supporting the development and implementation of sector-specific guidelines for calculating Scope 3 GHG emissions within the recorded music industry. “Scope 3” refers to indirect emissions that occur in the value chain, such as those from product manufacturing, distribution and licensing.
The company also noted a previously announced partnership with MIT, Live Nation, Coldplay and Hope Solutions to understand and mitigate the environmental impact of the live events.
The company cites a goal of increasing public transportation utilization by 20% at Warner Music live events. This effort has already resulted in a partnership between Warner Music Finland Live and Helsinki City Public Transportation, which has provided fans with free public transportation included in their concert tickets.
With its environmental impact data independently reviewed and assured by a third-party auditor for the first time in 2023, WMG reports that in the past year, it has made “significant strides” in its Scope 1 and 2 data collection, analysis and methodology. (Scope 1 and 2 refers to emissions that are owned or controlled by the company and indirect emissions that result from activities of the company.)
“Despite our return to office,” the report says, its efforts “have led to an overall decrease in our reported Scope 1 and 2 greenhouse gas emissions for 2023.”
The report also cites successful employee-driven initiatives, including its U.K. Wrights Lane office eliminating single-use plastic and switching to reusable cutlery and serveware. The WMG office in France has eliminated paper cups and improved waste management to increase recycling.
Regarding sustainable products and merchandise, the company outlines “an industry-first method” of creating vinyl albums using PVC alternatives. Says the report: “We are delivering these changes in partnership with our artists and songwriters, many of whom are increasingly looking for ways to share music with their fans in a sustainable way.”
Read the full report here.
LONDON — A U.K. Parliament committee is calling on the British government to address the “endemic” misogyny and discrimination that many female artists face in the music industry.
A report from the Women and Equalities Committee (WEC) published Tuesday (Jan. 30) urges ministers to take legislative steps to protect musicians and creators from sexual harassment, including banning the use of non-disclosure agreements (NDAs) in cases involving sexual abuse, bullying or misconduct.
The highly critical 70-page report acknowledges that female representation is improving in many areas of the business but warns that progress remains slow with sexual harassment and abuse against women common occurrences in an industry “still routinely described as a boys club.”
“People in the industry who attend awards shows and parties currently do so sitting alongside sexual abusers who remain protected by the system and by colleagues,” said the cross-party committee of MPs.
Their inquiry found a “culture of silence” existed across the music industry with many victims of sexual harassment or abuse afraid to report such incidents.
Victims who do speak out struggle to be believed or may find their career ends as a consequence, the committee found. They said that much of the evidence they had received had to remain undisclosed, “including commentary on television shows and household names,” due to confidentially and legal clauses.
The report follows an inquiry into misogyny in the U.K. music industry, which began in June 2022 and saw a number of artists and executives give evidence, including senior executives from all three major labels, representatives of the live industry, former BBC Radio 1 DJ Annie Mac and British pop singer and Ivors Academy board director Rebecca Ferguson.
Giving evidence in September, Ferguson, who first shot to fame on the U.K. version of The X Factor, said that misogyny in music was just “the tip of the iceberg of the things that are happening behind the scenes.”
She said that women in the music business who experience abuse often feel that they “can’t speak up” because “they are scared they will never work again.” Ferguson told MPs that she had been informed rapes were going unreported.
In addition to sexual abuse and harassment, the inquiry found that women pursuing careers in music face limited opportunities compared to men, a lack of support and persistent unequal pay, while female artists are “routinely undervalued and undermined.”
The committee recommends that ministers introduce legislation to give freelance workers the same protections from discrimination as employees, as well as imposing a legal duty on companies and employers to protect workers from sexual harassment by third parties.
On the subject of non-disclosure agreements, the report said the government should consider a retrospective moratorium on NDAs signed by victims of sexual abuse.
The report also called for stronger safety requirements for industry sectors where harassment and abuse are known to take place, such as recording studios and music venues.
Additionally, managers of artists should be licensed, while record labels were recommended to regularly publish information about the diversity of their creative rosters, workforce and gender and ethnicity pay gaps – a practice that many labels and large music companies already do.
The committee said the music industry and the British government should increase investment and support in diverse talent, particularly in male-dominated areas such as A&R, sound engineering and production.
“Women’s creative and career potential should not have limits placed upon it by ‘endemic’ misogyny which has persisted for far too long within the music industry,” Caroline Nokes, chair of the Women and Equalities Committee, said in a statement.
Responding to Tuesday’s report, Jo Twist, CEO of U.K. labels trade body BPI, and Yolanda Brown, BPI chair, said all parts of the music industry have “a shared responsibility” to tackle misogyny in music “head on.”
Silvia Montello, CEO of the London-based Association of Independent Music (AIM), said the report “makes for uncomfortable but sadly unsurprising reading.”
“It should not still be this hard, here in 2024, for women to be supported to succeed and to be taken as seriously as our male counterparts,” said Montello in a statement.