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The Academy of Country Music has added Gil Beverly to its leadership team, as executive vp and chief business officer. Beverly joins the Academy following more than four years with the Tennessee Titans, where he served as the NFL team’s chief marketing and revenue officer.
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In his new role Beverly will supervise and manage the Academy’s business operations and manage all revenue streams, as well as play a key role in shaping the Academy’s growth strategy by identifying and evaluating business opportunities, and will work with the CEO to oversee and manage staff, all while supporting the Academy’s mission of connecting the industry, artists and fans.
During Beverly’s time with the Nashville-based Titans, he helped revitalize the team’s brand through lifestyle marketing and activations in music, art, fashion and fitness, as well as advertising and social media campaigns. Beverly also served as executive project lead for the preliminary stages of the new Titans stadium plan.
Prior to joining the Titans organization, Beverly served as vp of partnership solutions at Learfield Sports in Plano, Texas, after a 13-year stint at ESPN, where he oversaw the go-to-market strategy for multimedia sales and sponsorships for the launch of the College Football Playoff as vp of college sports marketing.
“Gil Beverly is a proven leader who has ushered in new levels of success for numerous category-leading organizations, and we can’t wait to tap his exceptional expertise, passion, and drive at the Academy of Country Music to help us continue to innovate, grow, and succeed, particularly as we look ahead to our landmark 60th anniversary awards show celebration in 2025,” Damon Whiteside, CEO of the Academy of Country Music, said in a statement. “In his role, he will play an integral part in shaping the future of the Academy from financial, strategic, and organizational standpoints, and Gil exemplifies all the traits that power the ACM to reach new heights and support our industry. On behalf of our Board of Directors and Officers, as well as our Members and staff, I couldn’t be more excited to welcome him to team ACM!”
“I am extremely honored and excited to join Damon Whiteside and his team at the Academy of Country Music,” Beverly added. “The Academy has proven to be a visionary organization through its premium content and events and groundbreaking partnerships with Amazon and the Dallas Cowboys, among others. I believe the organization is poised for significant growth and will continue to be a powerful leader in the music industry in the future.”
Universal Music Group (UMG) shares almost hit an all-time high on Friday, reaching 27.47 euros ($29.98) before closing at 27.22 euros ($29.21), a 1% increase for the week. That was close to the peak of 27.96 euros ($30.52) reached on Nov. 12, 2021, less than two months after the company was spun off from Vivendi, and marked a new 52-week high. The 1% gain followed a 6.9% improvement last week as investors reacted to news that the company expects to lay off staff in the first quarter.
If French music company Believe is taken private, as has been reported, shareholders would expect a premium over the recent share price. That would explain why the company’s share price rose 13.5% to 10.18 euros ($11.11) this week — more than offsetting the 10.5% decline Believe shares experienced last week after news broke of the potential takeover. According to a Reuters report, Believe co-founder/CEO Denis Ladegaillerie and U.S. investment firm TCV have floated the idea to private equity firms.
The S&P 500 rose 1.2% to close at a record high of 4,839.81 on Friday, surpassing the previous peak set two years ago. The Nasdaq didn’t set a record but fared even better, climbing 2.3% to 15,310.97. Stocks in other countries didn’t match the gains in U.S. markets. In the United Kingdom, the FTSE 100 dropped 2.1% to 7,461.93. South Korea’s KOSPI composite index fell 2.1% to 2,472.74. China’s Shanghai Stock Exchange Composite Index sank 1.7% to 2,832.28.
Music stocks were slightly off last week’s record high despite Believe’s double-digit gain and the majority of music stocks finishing the week in positive territory. The 20-company Billboard Global Music Index fell 0.4% to 1,559.48 this week, down slightly from last week’s all-time high of 1,566.45. Twelve of the 20 stocks had gains this week. Other than Believe’s takeover-related jump, the best-performing music stocks had only low, single-digit gains. MSG Entertainment rose 4.1% to 33.48 and SiriusXM improved 4% to $5.42.
The index’s most valuable companies improved slightly: In addition to UMG’s 1% gain, Spotify improved 0.8% to $204.71 and Live Nation climbed 0.6% to $91.18. Those gains were overshadowed by losses by radio giant iHeartMedia, which fell 1.7% to $2.25, and three Asian companies: HYBE, SM Entertainment and Tencent Music Entertainment.
The index’s biggest losers were K-pop companies HYBE and SM Entertainment, which fell 10.9% and 10.3%, respectively. HYBE has been on a roller coaster in January, jumping 9.6% from Dec. 28 to Jan. 11 before falling 14.1% over the next six trading days. SM Entertainment jumped 20.5% from the end of December to Jan. 11 but has only dropped 3.4% from its high point. Another big mover this week was Chinese music streamer Tencent Music Entertainment, which dropped 9.5% to $8.51.
There was good news for all companies on Friday when the closely watched University of Michigan’s Index of Consumer Sentiment jumped 13% in January, its highest level since July 2021. Over the last two months, consumer sentiment has risen 29% and Americans’ expectations for future inflation dropped to 2.9%. Consumer sentiment is now 60% above the all-time low from June 2022 but remains 7% below the historical average.
Music companies will soon announce earnings results for the quarter ended Dec. 31. The first companies out of the gate are SiriusXM on Feb. 1 and Spotify on Feb. 6.
Last week, Luminate put out its 2023 year-end report. While the data company, which tabulates Billboard‘s charts and provides data for the film and TV industries, usually puts out a separate Canadian report, this year’s was instead a report on the global music industry as a whole.
Billboard Canada asked Luminate if it could supply any more data on who and what was hot in Canada in 2023, and they dug in for four more exclusive lists.
When it comes to vinyl sales, Taylor Swift, unsurprisingly, takes up the top three spots and four of the top 10.
Top 10 Vinyl Sales
Taylor Swift – 1989 (Taylor’s Version) – 43,000
Taylor Swift – Speak Now (Taylor’s Version) – 18,000
Taylor Swift – Midnights – 18,000
Olivia Rodrigo – Guts – 8,000
Pink Floyd – The Dark Side Of The Moon – 8,000
Lana Del Rey – Did You Know That There’s A Tunnel Under Ocean Blvd – 7,000
Taylor Swift – Red (Taylor’s Version) – 6,000
Fleetwood Mac – Rumours – 6,000
Arctic Monkeys – Am – 5,000
Rolling Stones – Hackney Diamonds – 5,000
Swift also takes the top spot for CD sales, but there are also two somewhat surprising Canadian albums represented: Neo-Romance from Quebecois pianist Alexandra Stréliski and A Boire Deboutte from francophone Acadian roots act Salebarbes.
Top 10 CD Sales
Taylor Swift – 1989 (Taylor’s Version) – 30,000
Metallica – 72 Seasons – 17,000
Alexandra Stréliski – Neo-Romance – 16,000
Taylor Swift – Speak Now (Taylor’s Version) – 13,000
Rolling Stones – Hackney Diamonds – 11,000
Taylor Swift – Lover – 10,000
Salebarbes – A Boire Deboutte – 10,000
Taylor Swift – Midnights – 10,000
P!nk – Trustfall – 8,000
Ed Sheeran – – 8,000
Head here for the top 10 on-demand streams for two of Canada’s most popular and rising genres: country and R&B/hip-hop. – Richard Trapunski & David Farrell
CIMA Calls On Government To Keep Its Canada Music Fund Promise
CIMA, the Canadian Independent Music Association, has launched a campaign calling on the public to contact Liberal representatives about the Canada Music Fund. Following a direct appeal to the government last fall, CIMA has turned towards the public in hopes of putting pressure on the government to make good on their campaign promise to increase the fund by $50 million.
The organization has set up a letter campaign that allows supporters to contact the government with a plea to increase the Canada Music Fund, which supports the operations of granting bodies FACTOR and Musicaction. According to CIMA, FACTOR invested $21 million in the Canadian music industry in 2022 alone and has supported 6,500 artists in the last five years.
FACTOR receives part of its funding from private radio broadcasters, but those contributions have been decreasing, with CIMA estimating they could be as low as $2 million in 2024. The Canada Music Fund is currently $25 million annually, and CIMA says that a $50 million increase is needed just to maintain current programming, while many music associations are calling for a $60 million increase. The Liberal government promised a $50 million increase in 2021 to help the Canada Music Fund keep up with demand and the rising costs of releasing and touring music.
CIMA president Andrew Cash spoke to the House Finance Committee on Nov. 14 about the increase and said that if the government fails to follow through, “companies will close, those that don’t will shed staff and release fewer artists, and this will result in fewer shows across the country, harming an already precarious live music sector, affecting local economies, and reducing revenues to government.”
FACTOR provides major financial support for artists looking to export their music internationally, with showcasing and touring grants that help artists travel to key industry events abroad, as well as support for marketing and sound recording.
“If the government does not make good even on their $50 million promise to our sector, FACTOR’s budget could be cut in half over the next couple of years,” states CIMA’s new public campaign. – Rosie Long Decter
Amazon Music Canada Announces Breakthrough Artists to Watch 2024
Amazon Music Canada has announced the six Canadian rising stars included in its Breakthrough Artists to Watch 2024. Throughout the year, these six musicians will include support from Amazon Music Canada, including year-long promotion, exclusive music, playlist placement, editorial and tailored developmental support for each artist’s career ambitions.
This year’s selections include inaugural Billboard Canada Punjabi Wave cover star Jonita Gandhi, francophone rapper Fredz, small-town Ontario country singer Owen Riegling, former breakout star of Canadian singing competition The Launch Jamie Fine, Ottawa singer-songwriter Anaïs Cardot and Victoria, British Columbia-based funk/R&B artist Diamond Cafe (who also just signed a major label deal with Warner Music Canada).
“The focus of Artist to Watch is to help artists who are bubbling up in Canada find ways to grow their audiences and connect with new fans across the country and globally,” John Murphy, head of music, Canada, at Amazon Music, tells Billboard Canada. “We’re looking forward to working closely with this year’s group of diverse, promising artists and helping even more fans discover them and their music.”
One of the goals of the program is to spread regional artists internationally, adds Murphy. Amazon Music launched its first Canadian edition of the initiative last year, and Murphy says it more than doubled the total fans of each artist throughout 2023. Madeline Merlo launched an original track on the streaming service called “You’ll Think of Me,” and more than 50% of its streams have come from outside of Canada.
All six of the artists selected have big plans for 2024, including new music, concerts and some other dreams. To let them speak for themselves, Billboard Canada asked each musician about their year ahead.
Read all of those interviews here. – Richard Trapunski
Kakao Entertainment nominated two executives to serve as co-CEOs on Friday (Jan. 19): Kisu Kweon, who is currently chief operations officer, and Joseph Chang, global strategy officer.
The South Korean tech conglomerate Kakao is influential in the music industry. Its subsidiary, Kakao Entertainment, merged with Melon, the country’s top streaming platform, in 2021, and it also owns Starship Entertainment, which has developed internationally successful K-pop groups like Monsta X and Ive. But in 2023, Bae Jae-hyun, Kakao’s chief investment officer, was indicted for allegedly manipulating stock price during a corporate battle with HYBE for a controlling stake in K-pop company SM Entertainment.
In December, Kakao’s founder and chairman said the company would “reset our expansion-centered management strategy,” “focus on core businesses,” as part of an effort to “change the company culture,” according to The Korea Economic Daily.
The promotion announcement at Kakao Entertainment emphasized “the need for leadership with a new perspective.” “We feel a great responsibility as we take on leadership during these pivotal times,” Kweon and Chang said in a joint statement.
“Our priority is to contribute to and meet the expectations of society going forward,” they added. “At the same time, we are dedicated to proving Kakao Entertainment’s full potential in the global market. We are excited to accelerate the innovation of our expansive content business to grow as a truly global entertainment player.”
The announcement of the co-CEO nominees indicated that they would each have slightly different purviews. Kweon “plans to focus on stabilizing the business while emphasizing innovation,” according to the press release, while Chang — a former Sony Music executive — will prioritize “strengthening [Kakao Entertainment’s] competitiveness in IP planning, production, and distribution.”
Now that Kweon and Chang are nominated as co-CEOs, the announcement noted that they “will undergo a formal appointment process through the board of directors and general shareholders’ meetings.”
It’s time for another quick whirl around the Executive Turntable, Billboard’s comprehensive(ish) compendium of promotions, hirings, exits and firings — and all things in between — across music.
The National Association of Music Merchants (NAMM) launched a search for its next executive director of the NAMM Foundation, following a recent decision by longtime leader Mary Luehrsen to step down by Sept. 30. In addition to her director role at the foundation, Luehrsen is senior advisor for public policy at the music trade organization, which stages its 2024 event next week in Anaheim. The foundation’s key activities include school and career resource programs such as Careers In Music and GenNext, as well as Best Communities for Education, which gives props to schools for committing to music education. In her legendary and impactful 22-year run at NAMM, Luehrsen’s “visionary ideas and leadership have resulted in thousands of music educators, college students, community nonprofit music service leaders and international partners meeting, learning and networking at [the] NAMM Show,” the trade org said. She also expanded NAMM’s connection with other domestic and international music orgs and worked to shape public policy toward making music integral to education.
“Her passion, intellect, and relentlessly positive efforts have laid a strong foundation for our future success and we are so grateful she has lent us her talent, mentorship and creativity, all of which have joyfully impacted millions of next-generation music makers,” said NAMM CEO John Mlynczak.
Russell Reynolds is leading the search for Luehrsen’s replacement. All prospective candidates are invited to reach out directly to the Russell Reynolds Associates team at NAMMFoundationED@russellreynolds.com.
Meanwhile …
Sixthman has a brand-new captain. Norwegian Cruise Line tapped Jeff Cuellar to succeed Anthony Diaz atop — or should we say aboard — its floating music festival subsidiary, which is coming off its “most successful year to date.” Cuellar’s been with Sixthman since October 2021, first as vp of partnerships and later vp of events, marketing and community — all during the backdrop of the boat-rocking COVID-19 pandemic. Prior to Sixthman, he was vp of strategic partnerships at festival promoter AC Entertainment, where he worked on Bonnaroo, Forecastle, Railbird and many more. As CEO, Cuellar will keep pushing for growth and work to solidify Sixthman’s place as the entertainment cruise king. Sixthman hosted over 45,000 guests over the course of 18 cruises in 2023, including the massive EDSea electronic music festival aboard the big ol’ Norwegian Joy. This year’s dock-et includes events hosted and/or curated by Kevin Smith, Yellowcard, Sister Hazel and Joe Bonamassa, among others. “In the short time Jeff has been at Sixthman, he’s made a significant impact,” said outgoing CEO Diaz, who is staying on as an advisor until June. “He played an integral role in the success of 2023, leading the strategy and outreach to strengthen and develop new artist relationships and debut first-for-the-brand festival concepts across all genres.”
Warner Chappell Music Germany promoted Natascha Augustin to managing director, reporting to WCM co-chair and CEO Guy Moot. The move means outgoing Germany MD Lars Karlsson will now be able to solely focus on his other gig, leading WCM Scandinavia. Augustin joined WCM in mid-2010 and was most recently vp of creative and head of A&R. She also helped launch Atlantic Records Germany, where she was head of strategy, but will now focus on WCMG. “I see myself as an advocate for songwriters and artists, fighting for their rights in a rapidly changing world full of new challenges,” she said. The company noted that Augustin will spend time in all three German hubs for WCM — Berlin, Hamburg and Munich. “Germany is such an important global market, and home to some of the world’s best writers, producers and artists,” added Moot. “We’re the number one domestic publisher there thanks to the support that Natascha has given a generation of songwriters under Lars’s expert guidance.”
Staying in Deutschland, BMG promoted Johannes von Schwarzkopf to senior vp of corporate development — marking a title fist-bump in a department he has led since its formation last year. Von Schwarzkopf joined BMG in 2021 as senior director of board projects and was promoted for the first time in 2023. In his vp-of-cd role, he’ll continue developing new business opportunities for the world’s fourth largest music company, and spearhead initiatives to accelerate growth in areas like partnerships and GenAI. He reports directly to BMG CEO Thomas Coesfeld and is based in the company’s Berlin headquarters. “Johannes has a proven track record of analytical rigor and thought leadership, and has played a pivotal role in developing and implementing our new strategy over the past year,” said Coesfeld. “His entrepreneurial mindset and commitment to the team make him a great leader.”
Black Music Action Coalition co-founder Binta Niambi Brown has joined Manatt, Phelps & Phillips, LLP as entertainment partner in the legal and consulting firm’s NYC office. Brown has worked in a number of industries: as a corporate lawyer for top firms like Cravath Swaine & Moore and Kirkland & Ellis, as a member of Chance the Rapper’s management team at Nice Work, and more recently as head of operations and strategy at Keep Cool Records/RCA. She is also an adjunct professor at the Clive Davis Institute of Recorded Music at NYU Tisch. At Manatt, Brown will work within the creator economy and advise global mogul-level clients on how to build, innovate, expand and protect their businesses and brands, the firm said. “Binta has a tremendous reputation as a corporate dealmaker, talent manager and artist advocate, making her incredibly invaluable to talent-side clients who are increasingly building their businesses and taking ownership of their personal brands in today’s exploding creator economy,” said Manatt entertainment leader Jordan Bromley.
David Barbis is the new head of promotion at Big Loud Rock, the label home of HARDY, Blame My Youth, Jaguar Twin and other alt-rock acts. Barbis will spearhead all promotional matters at the Los Angeles-based label and report up to BLR president Greg Thompson. He joined from C3 Management, where as vp of promotion he worked on campaigns for wide slate of artists, including White Reaper, The Head and the Heart, Modest Mouse and Chevelle, among others. Prior to C3, Barbis held roles at Polygram, Dreamworks and Capitol Records. “Dave is a true music man and one of the most outstanding promotion executives I have ever known,” Thompson said. “His passion for his artists is unparalleled, and we are beyond thrilled to have him join the Big Loud Rock team.” Barbis can be reached at daveb@bigloud.com.
Primary Wave Music added Agnes Kacicki to its executive team as head of corporate development. Working closely with Primary Wave’s founder and CEO Larry Mestel, Kacicki will focus on big-fish catalog and business acquisitions, as well as forming portfolio-expanding partnerships on the international scale. Based in Los Angeles, Kacicki will also work closely with Bill Cisneros, president of IP investment management, and Ramon Villa, the company’s COO, to assist with investor relations. Kacicki comes from RBC Capital Markets, where she served as director in the investment banking division and specialized in advisory and capital raising activities across various entertainment sectors, including Primary Wave’s bailiwick: music publishing. “Agnes has been a close adviser to Primary Wave for many years in her senior role at RBC, she will make a very significant impact on our ability to increase our acquisition capabilities, and service our partners,” noted Mestel.
Sony Music UK hired Brooke Salisbury to fill the newly created position of senior vp of international marketing and digital partnerships. In the role, Salisbury will oversee the various teams working on cross-border marketing and partnership with digital services like Spotify, Apple Music and YouTube. She arrives at Sony from Warner Music’s ADA UK, where she was general manager of the distribution and label services division. Prior to ADA, Salisbury held senior roles at Domino, where she rose to head of marketing in the UK market and worked with rock favorites Arctic Monkeys and Franz Ferdinand, among others. She reports up to Sony Music UK & Ireland chairman and CEO Jason Iley, who remarked of being “delighted to welcome Brooke to her new role where she will help bolster our service for both artists and digital partners.”
Global management company IMG Artists promoted Sam Snook to head of vocal, London. Snook has clocked 17 years in the classical musical industry, including positions at the Lyric Opera of Chicago, Santa Fe Opera and Opera America. He first joined IMG Artists in 2009, working closely with evp and global head of vocal Matthew A. Horner. “Sam’s move to London is a very positive development for IMG Artists,” Horner said. “With the complicated nature of our business, and the best artists needing true worldwide representation, I see this move by one of my most trusted colleagues as a fruitful venture for all of us in vocal.”
BOARD SHORTS: Music community startup We Are Giant added AEG Presents COO of global touring David Rappaport to its board of directors. He’ll lend his expertise on event execution, artist relations and more at the freshly launched plaform for hosting licensed listening parties, live streams, chats and more on its site and app … Hipgnosis Song Fund’s board of directors have a plan to attract bidders — and satisfy concerned shareholders. Learn all about it here.
Deluge Music founder David Robkin has launched two new record labels. Robkin worked with Johnny Gates and Austin Luther to ideate East Music Row Records — “with a goal of blending the hip, innovative sides of Nashville’s new indie rock and alt-country music with the musicianship, professionalism, and ingenuity of Music Row classists.” Robkin then took inspiration from Sun Records and Motown for Deluge Records Nashville, which is modeled in the tradition of a classic collaborative music incubator. “DRN wasn’t created to extract all the worth possible out of its artists, instead, the team chose to foster relationships between artist and label, creating a home in which equitable recording deals aren’t rarities,” the company said. DRN was born through a relationship between Robkin, songwriter Sam Grow, and Grow’s manager Brad Austin.
Breanne Hoke joined Joie Manda’s Encore Recordings as executive vp, head of business and legal affairs. Prior to Encore, she spent five years with Interscope’s business and legal affairs team, rising to vp in October 2021. She got her start in music as a legal fellow at the NMPA before joining Warner Records as an attorney-then-associate director in its B&LA department. Manda, a longtime executive at Interscope Geffen A&M, launched Encore Recordings in 2021 with a goal of “pushing culture forward.”
CAA promoted Jenna Powell to communications executive. She joined the agency in early 2018 as assistant to then-COO Michael Mand before rising through the communications ranks to her current position, which is based in Nashville and supports CAA’s music touring, digital media, theatre and gaming divisions.
Garrett Ream has joined Position Music as vp of artist strategy and promotion, a move announced by president and CEO Tyler Bacon. Ream previously served as vp of rhythm promotion at Republic Records, where he worked on radio and promo campaigns for a murderers’ row of stars including Taylor Swift, Drake, The Weeknd, Arianna Grande, Post Malone, Pop Smoke and Greta Van Fleet. Ream will report directly to J Scavo, general manager of recorded music at Position. “Garrett is a key hire for us as we continue to build our frontline artist roster and label marketing team,” said Bacon. “In addition to bringing major label promotion experience, he also has an indie drive and entrepreneurial approach to identifying and developing artists that is in lockstep with our company ethos.”
Ten2 Media appointed “avid technologist, hacker and maker” Mike Flynn as chief technology offcer of the upstart company, which works with clients on strategies and then distributes, markets and monetizes that video content on YouTube. Flynn was previously CTO of Studio71, where he spearheaded the development of numerous technology platforms during an 11-year tenure. “”Mike’s track record of success and his passion for leveraging technology to drive business growth align perfectly with our vision for the future of Ten2 Media,” glowed Ten2 Media co-founders Donna Budica and George Karalexis.
Music industry veteran Bob Reeves opened the private venture Excelsior Music, which will focus on management, artist development, radio/tour marketing and promotion. Reeves’ first client is Nashville-based country singer-songwriter Orlando Mendez. Mendez, a second-generation Cuban-American from South Florida, appeared on NBC’s The Voice in 2022, and is currently working on his debut project. Reeves previously held posts as vp and national director with Warner Music Nashville, Sony Music, Monument Records, Epic Records and most recently, Riser House Entertainment. –Jessica Nicholson
Tom Stingemore, who spearheaded Hipgnosis’ sync efforts until his departure over the summer, launched ALLOY Sync Distro as part of an ambitious effort to modernize the music biz’s sync licensing and approvals process. ALLOY is described as a “state-of-the-art, industry-wide platform that significantly streamlines the sync licensing process, while allowing labels & publishers to retain full control of their sync rights,” according the announcement. Stingemore, who has also previously held senior sync roles at UMG and BMG, said the licensing process has been “arduous, disjointed and fractured” for too long and is collaborating directly with industry stakeholders to develop a “gamechanging commercial solution for the entire music business.”
ICYMI:
Phill Bauer was named president of DistroKid … Alvaro Rizo joined Carlos Vives’ Gaira Musica Local label as managing director … the National Music Publishers’ Association (NMPA) hired former Mitt Romney staffer Chris Barkley (pictured) as its senior vice president of government affairs … YouTube laid off 100 in its content and creator teams … and Condé Nast gutted Pitchfork as part of a restructuring that folds the esteemed music criticism site under men’s style and fashion bible GQ.
Last Week’s Turntable: Resnik Makes It Raines
HarbourView Equity Partners continues to scoop up R&B/hip-hop music assets with its latest acquisition of certain publishing and recorded music assets from singer, songwriter and record producer Jeremih. Terms of the deal were not disclosed. Explore Explore See latest videos, charts and news See latest videos, charts and news Jeremih’s Hot 100 hits include “Birthday […]
Hipgnosis Song Fund’s board of directors wants a workaround to the call option that gives the investment advisor, the Merck Mercuriadis-led Hipgnosis Song Management, the ability to purchase the company’s music catalogs if its contract is ended. After consulting with shareholders who own more than 60% of outstanding shares, Hipgnosis Songs Fund’s board of directors […]
The first-ever North American music industry climate summit is growing.
The inaugural Music Sustainability Summit has announced that due to high demand, it’s moving the event from the USC campus to the 2,300-capacity The Novo in downtown Los Angeles.
Set to take place on Feb. 4, the summit will feature a day’s worth of discussions on how the music industry is addressing, adapting to and finding solutions for the climate crisis.
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In addition to the summit’s previously announced programming, the event has added a conversation with promoters and venues including Lindsay Arell, the chief sustainability officer of ASM Global; Lucy August-Perna, the head of global sustainability at Live Nation Entertainment; Erik Distler, the vp of sustainability at AEG; and Kristen Fulmer, the head of sustainability at Oak View Group and GOAL. The discussion will focus on challenges, bright spots and visions for the future.
Additionally, the summit has added a conversation between representatives from several major labels, including Olga LaBelle, the vp/head of ESG at Warner Music Group. Representatives from two other labels will be announced in the coming weeks.
Newly added speakers include Jonathan Foley, the executive director of Project Drawdown; Cassie Lee, the CEO of Sound Future; Adam Met of the band AJR, who also serves as the executive director of Planet Reimagined and a professor at Columbia University; artist Beattie Wolfe; artist AY Young; Jett Glozier, the global head of infrastructure at Sound Diplomacy; Jon Ozaksut, the digital director at the Yale Program on Climate Change Communication; and Rita Kampalath, the chief sustainability offer of L.A. County.
Tickets for the summit are on sale now and available on a sliding scale. The doors open at 8:30 a.m., with programming beginning promptly at 9 a.m. and running until 5:30 p.m.
The event is being organized by the Music Sustainability Alliance, which provides science-based solutions, business case analyses, best practices and tools for operational change across the music industry. The Alliance reports that a diverse group of attendees has already registered for the event, including big names in climate science and sustainability, along with music industry professionals from venues, promoters, agencies, production companies, artist management companies and more.
“Every job is a climate job,” the Music Sustainability Alliance’s Amy Morrison tells Billboard.
Billboard is the official media partner of the Music Sustainability Summit.
Korn guitarist Brian “Head” Welch has invested in Atlantic Behavioral Health, a new mental health treatment center serving Massachusetts and New Hampshire. The center focuses on anxiety, depression and other mental health disorders, combining individual therapy, group therapy and medication management. “Partnering with Atlantic is so personal to me and not just another business to invest in,” said Welch in a statement. “I know what it feels like to live at the bottom of a dark pit, but I also know if you put in the work, the light will come back on, and Atlantic is going to help so many people find that light switch.”
Tune.FM, a Web3 decentralized music streaming platform with an integrated music NFT marketplace, received $20 million in funding from investment group LDA Capital. Tune.FM allows artists to monetize their fanbases through streaming royalty micropayments and digital music collectibles with exclusive unlockable experiences powered by the JAM token ($JAM) using Hedera Hashgraph distributed ledger technology. Tune.FM will use the funds to grow its user base, expand its development team, launch new products and increase liquidity for the JAM token internationally.
iHeartMedia has formed a strategic collaboration with Zigazoo Kids, which encompasses social networks Zigazoo (for children 13 and up) and Zigazoo Kids (for children under 13). Under the deal, the companies will explore opportunities between iHeartMedia’s portfolio of music and podcasts and Zigazoo’s content. iHeartMedia will additionally launch a national, multi-million-dollar campaign across its multiplatform audio network to stoke further awareness of Zigazoo’s social networks.
Independent radio promotions firms Your Army and Strange Loop Promo have merged. Under the deal, both companies will now operate under the Your Army banner out of offices in L.A., New York and Vancouver, Canada.
The U.K. office of Believe has signed a long-term label solutions partnership with Mahogany, the global multi-platform music brand behind the Mahogany Sessions YouTube channel. Under the agreement, Mahogany will handle global distribution for Mahogany’s label, Mahogany Records, along with its video platforms Mahogany Sessions, COVERS and Lagoon. Mahogany will additionally work with Believe’s audience development team to develop the global reach of its imprints across established and developing markets and expand their content into new territories, genres and audio-visual formats. Forthcoming plans include the public launch of Mahogany’s bespoke digital distribution service, Mahogany Songs.
Sony Music Masterworks has formed a strategic venture with London-based live entertainment company Roast Productions. Operating internationally, Roast Productions produces theater, concerts and family entertainment events. Founders Bonnie Royal and Michael Stevens will continue leading Roast’s day-to-day operations while partnering with Masterworks on developing a range of new productions. They will work closely with Masterworks president Mark Cavell and Ollie Rosenblatt, founder/CEO of U.K.-based producer/promoter Senbla.
Comedy festival SF Sketchfest has partnered with livestreaming platform Veeps to stream five of its featured shows exclusively on the platform between Jan. 21 and Feb. 4. The shows to be livestreamed are: Triumph the Insult Comic Dog’s Let’s Make A Poop!, Kids in the Hall: Scenes They Wouldn’t Let Us Do, Varietopia with Paul F. Tompkins, Hello From Magic Tavern and The Trav-enture Zone: A Night of Dungeons & Dragons & Also Comedians. The Kids in the Hall and Tompkins shows will only stream live; the others will be available to replay for 48 hours.
ASM Global has announced a new naming rights partnership with Strawberry Hotel Group that begins in July. Under the deal, ASM will rename the former Friends Arena in Stockholm, Sweden, to Strawberry Arena.
Artelize — a platform that uses artificial intelligence to collect information about concerts and events in opera, classical music, ballet and dance, musicals, spoken theater and jazz, allowing artists and producers to quickly create posts that promote their upcoming events — has closed a pre-seed funding round of €1 million ($1.09 million) led by Bjørn Bruun, founder of Danish fashion brand Bruuns Bazaar, along with other angel investors. Based in Copenhagen, Denmark, Artelize also received a government grant from the Danish Innobooster Programme and a loan facility from the Danish Export and Investment fund as part of the round. The funding will allow Artelize, which is mainly focused on the U.S. market, to expand into the United Kingdom and Europe.
ADA Italy has signed a distribution deal with LaTarma Records. Founded by Marta Donà, LaTarma’s roster includes Ale, Giovanni Toscano, Dolcedormire, Matteo Crea and Angelina Mango.
Production music company ALIBI Music has signed Cadence Music Group as its new synch agent for Canada.
Spotify‘s annual best new artist party is returning for Grammy Week 2024.
On Thursday, Feb. 1, the streamer will showcase live performances from Grammys best new artist nominees Noah Kahan, Gracie Abrams, Victoria Monet and Jelly Roll, among others, at Paramount Studios in Hollywood. The event kicks off at 7 p.m.
“2024 marks eight years since launching Spotify’s Best New Artist campaign and seven years that we have hosted the party to honor the nominees,” says Jeremy Erlich, Spotify’s global head of music, in a statement. “Our mission is to support new artists and artist development, and BNA is a moment to honor the best of the best. It’s been incredible to celebrate with the artists and their teams and see this event grow to what it has become today.”
“Our team has been working for months to bring this event to life,” added Joe Hadley, Spotify’s global head of music partnerships & audience. “Not only do we get to celebrate the artists, but we also get to lift up our partners on the labels, publishers, management and industry teams who we work with day in and day out. Spotify prides itself on being the premiere partner for artists of all stages and their teams. It’s a privilege to not only showcase the incredible art being made but also bring opportunities to artists that help propel careers to the next level.”
The year’s other best new artist nominees are Fred again.., Ice Spice, Coco Jones and The War and Treaty.
Spotify first hosted its best new artist Grammy party in 2017, when it showcased performances by two nominees: The Chainsmokers and Maren Morris. Last year, the party featured performances from all 10 best new artist nominees — Anitta, Omar Apollo, Domi & JD Beck, Muni Long, Latto, Måneskin, Tobe Nwigwe, Molly Tuttle, Wet Leg and eventual winner Samara Joy — at the Pacific Design Center in West Hollywood.