Business News
Page: 88
The Association of Independent Music has announced the departure of chief executive Silvia Montello, citing personal reasons. Montello began leading the London-based indie sector trade body in early 2023 following the exit of Paul Pacifico, who left for the Saudi Music Commission. Taking over on an interim basis is Gee Davy, who now occupies three C-suite spots as AIM’s chief executive, operating and policy officer.
Explore
Explore
See latest videos, charts and news
See latest videos, charts and news
Davy, who joined AIM in 2017, previously handled day-to-day leadership of AIM in between Pacifico’s departure and Montello’s arrival. “With the trust of the inspirational team and board, and our excellent senior management at my side, I am looking forward to delivering on AIM’s commitment to support the UK’s innovative independent music community and level the music playing field,” Davy said.
Montello joined AIM less than a year after becoming the first-ever female CEO of the Association for Electronic Music (AFEM), the global non-profit representing electronic music companies. Prior to AFEM, she held senior roles at the U.K. arm of Universal Music, where she worked as director of catalog marketing between 2006 and 2010, and BMG, where she served as group senior vp of recordings operations and integrations from 2014 to 2016. She was subsequently appointed senior vp of operations at the then-Kobalt-owned artist services company AWAL, a post she held from 2017 to 2020.
Trending on Billboard
“It’s unfortunate that we are losing Silvia so soon into her tenure, but on behalf of the board I wish her well in her next endeavours,” said AIM chair Ruth Barlow. “The board and I are working closely with Gee and the AIM team as we continue to support and promote the independent music sector, delivering and creating value for our community via our membership events and activities schedule, industry affairs work and beyond.”
AIM represents more than 1,000 U.K. indie labels, artists and music companies, including Beggars Group, Domino, Warp and Ninja Tune. The U.K. is the world’s third biggest recorded music market behind the U.S. and Japan with sales of just under $1.7 billion in trade value, according to IFPI’s 2023 Global Music Report.
On Tuesday evening (April 9), as Belmont University’s Mike Curb College of Entertainment and Music Business celebrated a special “Belmont at the Opry” program, the program also revealed a $58 million lead gift from music industry executive and philanthropist Mike Curb and the Mike Curb Foundation, which will fuel a further expansion of the program’s presence on Nashville’s Music Row, with the renovation of existing buildings and the construction of a new state-of-the-art facility.
Explore
See latest videos, charts and news
See latest videos, charts and news
The expansion comes as Belmont’s music business program celebrated its half-century milestone last year. The program launched in 1973, founded by the late Robert E. Mulloy and with support from former University president Dr. Herbert Gabhart and music industry executive Cecil Scaife (who was part of Sun Records in Memphis before relocating to Nashville), with the intent of providing formal education and real-world career experience to young adults with aspirations of entering various sectors of the music business, including record production, label operations, songwriting, music publishing. The Mike Curb College of Entertainment and Music Business was established in 2003 and is located at 34 Music Square East in Nashville (Belmont has contributed to preserving the historic Music Row recording studios Columbia Studio A and Owen Bradley’s Quonset Hut). The program is also a mainstay on Billboard’s annual Top Music Business Schools list.
The expansion project will be in two phases. The first, which is underway, includes the renovation of the historic Buddy Lee Attractions/Capitol Records building at 38 Music Square East. The renovation will add 17,000 square feet of space, including songwriting rooms, live sound classrooms, listening spaces and student lounges. The renovation will also include an updated space for Nashville’s Leadership Music office.
Trending on Billboard
Phase two will involve developing a 75,000-square-foot building behind the program’s current Music Row-area building, with construction of the new facility beginning over the next 24 months. The building will serve both students and the greater Music Row-area community, encompassing a performance venue that can accommodate more than 150 people, as well as networking and gathering spaces for both students and industry professionals, a coffee shop, content creation rooms and underground parking. Phase two will involve a broader fundraising campaign, which launched Tuesday night.
Curb’s gift, and renderings of the spaces, were unveiled during a reception held just prior to the “Belmont at the Opry” event, which featured prominent Belmont University alumni, including artists Trisha Yearwood, Brad Paisley, Tyler Hubbard, Hailey Whitters, Ashley Cooke and Ian Munsick, as well as songwriters Ashley Gorley, Hillary Lindsey and Nicolle Galyon.
Other Belmont alumni among Nashville’s music industry community include Steven Curtis Chapman, Josh Turner, COIN, Brian Kelley, Sony Music Nashville CEO Rusty Gaston, producer/guitarist Dann Huff, UMG Nashville chair/CEO Cindy Mabe, Spirit Music Nashville CEO/Chief Creative Frank Rogers and Warner Chappell Nashville president/CEO Ben Vaughn.
“Mike Curb’s remarkable generosity and partnership with Belmont over many years has been invaluable in advancing entertainment and music business education,” Belmont University President Dr. Greg Jones said. “This latest transformational gift solidifies Belmont’s position at the forefront of developing the next generation of music industry leaders. We are profoundly grateful to Mike and Linda for their continued investment in Belmont’s mission.”
“As Nashville’s music industry has grown and evolved into an international entertainment hub, it’s crucial that our education system keeps pace to develop skilled talent,” Curb added. “Belmont has been a fantastic partner over the years in preparing aspiring artists, songwriters, engineers, and music business leaders who go on to become invaluable employees for record companies throughout Nashville and the industry at large. With this latest investment, we’ll build upon that strong foundation to push entertainment and music business education ahead to the next level, ensuring a steady stream of well-prepared professionals for the ever-growing industry.”
“For 50 years, our faculty, stage and world-class facilities have made Belmont a top destination for future music executives, engineers, artists and songwriters. Mike’s partnership over decades has allowed Belmont to continually elevate our entertainment curriculum and facilities in lockstep with industry needs,” said Brittany Schaffer, who joined the Curb College of Entertainment and Music Business as dean in May 2023. “This lead gift allows us to deepen our integration with Music Row, creating an unprecedented immersive experience that will directly connect our students with industry leaders and opportunities while driving innovation alongside our partners in Nashville’s entertainment landscape.”
In the music industry, I’ve realized how important it is to open doors for others. Being a Latin woman in this industry means running into quite a few locked doors. These barriers aren’t just about missing opportunities; they often come down to gender or where we come from, making it feel like we’re all scrambling for a key that’s hard to find.
After nearly 15 years in this field, we’ve been lucky enough to enter rooms we never dreamed possible. Having secured a seat at the table and pushed open doors that were once closed to us, we feel a deep responsibility to keep those doors ajar for others. This journey has highlighted the unique hurdles women face in the music industry and has motivated me to ensure these doors stay open, particularly for other women aiming to make their mark and overcome the challenges we once faced.
In the MIDIA Women in Music 2022 survey, when respondents were asked what would encourage women and other “non-male gender identities” to grow in the music industry, mentoring and coaching opportunities were overwhelmingly the top response. It’s a resource I wish I had when I was coming up through the business, as I often faced a lack of access to other women, and particularly fellow Latinas, who could help guide me throughout my career. I was fortunate to have lots of great colleagues who inspired me but I was always craving that deeper connection and a safe space to have open conversations with women in this industry who have stood where I did or could offer fresh perspectives.
Trending on Billboard
As a foundational team member at Symphonic Distribution, I’ve navigated the challenges of expanding a business within a small music market. As a Latina, these experiences have equipped me with the insight to provide the mentorship opportunities I always wished were available to me, to others. With the launch of the Women Empowered+ Program at Symphonic, we’ve created a testament to the belief that mentorship can change careers and lives, particularly for women.
Since beginning the program in 2022, we have connected 165 mentors from companies across the music industry with 340 mentees spanning the U.S., Mexico, Latin America, South America, Europe and Africa. This initiative reflects our commitment to dismantling the barriers that disproportionately affect women in music, providing them with the guidance, support, and opportunities they have historically been denied.
As we prepared to launch our third year of the program this March during Women’s History Month, I began reflecting on what we have been doing well and what we could do better going forward — not just at Symphonic but in the industry in general. With this perspective, I’d like to share some suggestions and insights aimed at creating effective mentorship programs for women and diverse genders in the music industry, for companies committed to making an impact.
Structure Objectives and a Matching Protocol
Define the program’s objectives upfront, ensuring both parties have a mutual understanding of their roles, expectations, timeline and time commitment. Launch the program with a clear framework, pairing mentors and mentees based on complementary interests and career goals. We created a simple Airtable form with all the details we felt were needed to fully understand each of our mentors and mentees.
Resources, Support and Honesty
Provide training and/or resources to prepare participants for effective mentoring relationships. The cornerstone of an effective mentorship is confidentiality, fostering an environment where open and honest conversations can occur, grounded in trust and mutual respect. Maintain a support system for addressing challenges, while allowing flexibility to meet diverse needs and schedules. This ensures the program is both supportive and adaptable to individual circumstances.
Feedback and Community Building
Implement a continuous feedback loop to refine the program and recognize participants’ efforts and achievements through the program through surveys. Foster a community of past and present mentees and mentors to encourage networking, shared learning and ongoing support, enhancing the overall impact and sustainability of the mentorship initiative. This can be done via Facebook Groups, Slack, Whatsapp or any other community-building platforms. We discovered that some of the mentors and mentees can help by being the community manager for these.
By bringing the next generation of female music executives up through your mentoring program, we are in turn training the next generation of mentors who will be able to reach out and continue to help bring people in. Whether mentoring or being mentored, we are all contributing to the common goal of making things better for those who come after us.
As we gear up for another year of fostering connections and growth through the Women Empowered+ Program, I’m reminded of the transformative power when we choose to support and uplift one another. We encourage every company in the music industry to create similar programs to cultivate more diverse talent and hope our experience can be a guide for others to take action and inspire even more women to join our industry. In a world where the music industry’s doors seem heavy and unwelcoming, let us be the force that opens them wider, inviting in the voices of women who have waited for their chance to be heard. Together, we can ensure that the next generation of female talent finds a nurturing space where their goals are encouraged, supported by a community that understands the unique challenges they face and believes in the power of mentorship to change not just careers, but lives.
Janette Berrios is the vp of corporate marketing for Symphonic Distribution, a leading independent music distributor with a global presence. She was included on Billboard‘s prestigious Indie Power Players list in 2022 and 2021 and was honored with the “Wonder Women in Latin Music” award presented by the LAMC and Amazon Music.
Music talent agents Michael Gorfaine and Sam Schwartz were honored at the Los Angeles Chamber Orchestra’s (LACO) 2024 Gala Celebration on Saturday (April 6) at the Skirball Cultural Center’s Ahmanson Ballroom in Los Angeles. The agents, co-founders of Gorfaine/Schwartz, received the LACO Hollywood Ally Award.
In accepting his award, Gorfaine said, “John Williams shared something with me that I believe should be a guiding principle: ‘Be in service to music.’ It’s our responsibility to support the wonderful musicians who play, the talented composers who write, and the dedicated teachers who teach.”
For more than 40 years, Gorfaine and Schwartz have represented top composers, songwriters, music supervisors and record producers working in film, TV and video games.
Trending on Billboard
The event raised a record-breaking $1 million to benefit LACO’s artistic and educational initiatives. Highlights included a concert with LACO artists led by music director Jaime Martín.
Film composer James Newton Howard, who was honored by LACO in 2022, was the honorary chair. In addition to Williams and Howard, others in attendance included composers Glen Ballard, Sean Callery, John Debney, Harry Gregson-Williams, Corky Hale, Steve Jablonsky, Julia Newman, Thomas Newman, Mike Post, Theodore Shapiro, Alan Silvestri, Michael Skloff, Mike Stoller and Brian Tyler; and industry executives Spring Aspers, Paul Broucek, Alex Hodges, Tom MacDougall, Tracy McKnight, Alison Smith and Randy Spendlove.
Brigitta B. Troy and Alden Lawrence served as event chairs. Peggy Falcon and Anne Grausam were event committee co-chairs.
Shaheen and Anil Nanji, longtime LACO advocates, community leaders and philanthropists, received the LACO Heartstrings Award.
For information on LACO, visit LACO.org.
Music investment enterprise Firebird acquired a stake in JET Management, the Los Angeles-based company that boasts a roster including Justice, Madeon, LP Giobbi and Suki Waterhouse.
Launched in 2023 by founders Nathan Hubbard and Nat Zilkha, Firebird is a multi-sector music company that includes labels and publishing, with an emphasis on management and label services.
Trending on Billboard
In 2023, Zilkha told Billboard that he and his partners are building Firebird to respond to a changing industry in which artists are moving away from label structures to partner with companies that can provide label services and artist development, as well as help them tap into additional income streams, such as publishing, merchandising, branding and live events.
“Firebird partners with artists and their teams to build longer lasting, higher impact, and more profitable careers,” Hubbard said in a statement on the new partnership. “JET is on the cutting edge of building the brands of the most respected artists that influence culture. Tyler, John and their team have an impressive track record of partnering with artists of all types to ignite both their fan bases and businesses in harmony.”
“The music industry is evolving rapidly, and power is continuing to shift towards artists and their teams. Firebird’s artist-first ethos and ambitions around empowering the core team is what drew us in at the start, but the people are what kept us around,” added JET Management co-founder John Scholz. “This is a great group of sharp industry veterans walking the same path as us that we couldn’t be happier to lock arms with.”
“Firebird’s strengths complement JET’s vision seamlessly,” adds JET co-founder Tyler Goldberg. “This partnership allows us to streamline operations, broaden our reach, and ultimately deliver greater value to our clients.”
JET clients including Waterhouse, Justice, Neil Frances and Blond:ish are all slated play both weekends of Coachella later this month.
Thus far, Firebird has acquired stakes in companies including Coran Capshaw’s Red Light Management, which represents roughly 400 artists including Dave Matthews Band, Phish, Brandi Carlile and Chris Stapleton; Mick Management, which specializes in independent singer-songwriters such as Maggie Rogers and Hamilton Leithauser; Transgressive Records; and U.K.-based electronic label Defected Records.
“We are maintaining separate brands of the companies that we invest in,” Zilkha told Billboard last year. “We allow their creative process to remain very independent from us; but we’re giving those companies an ecosystem that helps them create opportunities for themselves and the artists that they work with.”
Firebird says it generates $2 billion in gross revenue annually across its businesses and with its collective of artistists reaching a global audience of more than a billion fans.
The Recording Academy has promoted Adam Roth to executive vp of global partnerships & business development. Roth will be responsible for growing the Recording Academy’s global footprint through the negotiation and development of integrated partnership programs with both globally recognized brands and local on-the-ground sponsors. Roth previously served as svp of partnerships & business development […]
Argentinian music sensation Paulo Londra has inked a deal with WME for worldwide representation, the company tells Billboard.
Since exploding onto the scene in 2019, the 25-year-old singer/rapper has been a dominant force in the Latin American music scene and is widely considered one of the pioneers of Argentina’s burgeoning trap movement.
Born Paulo Ezequiel Londra, he began his musical journey as a battle rapper in Buenos Aires’ El Quinto Escalón. Soon after, he released popular singles like “Relax” and “Condenado para el Millón” in 2017.
However, it was his 2019 debut album, Homerun, that catapulted Londra to international recognition. The album debuted and peaked at No. 12 on Billboard’s Top Latin Albums chart and at No. 10 on Latin Rhythm Albums, with its hit single, “Adan y Eva,” landing in Spotify’s Global Top 10. Its music video currently boasts over 1.2 billion views on YouTube.
In 2022, the Córdoba-born artist released his second album, Back to the Game, under Warner Music Latina. It debuted at No. 1 on the Billboard Argentina Hot 100 chart and boasts collaborations with artists such as Ed Sheeran, Travis Barker, Timbaland, Feid and Duki.
Trending on Billboard
Adding another feather to his cap, Londra performed the official Latin remix for “The World is Yours To Take,” a song off the 2022 FIFA World Cup soundtrack, alongside Lil Baby and Tears for Free.
Most recently, Londra signed with indie powerhouse label Dale Play Records — home to producer Bizarrap, rapper Duki and urban/pop act Nicki Nicole — and is currently working on new music.
Additionally, plans are underway for Londra to embark on a global tour. He continues to be managed by Ignacio Amato and Cruz Pereyra Lucena from Buena Productora.
Billboard is bringing back its peer-voted Country Power Players’ Choice Award for 2024, asking music industry members from all sectors to honor the executive they believe had the most impact across the Country music genre in the past year. Explore Explore See latest videos, charts and news See latest videos, charts and news Voting is […]

Billboard is bringing back its peer-voted Country Power Players’ Choice Award for 2024, asking music industry members from all sectors to honor the executive they believe had the most impact across the Country music genre in the past year. Voting is open to all Billboard Pro members, both existing and new, with one vote per […]
Every passing day, a new statistic emerges that would make any aspiring artist, producer, or songwriter feel foolish for trying to fund their dreams.
Over 100,000 songs get ingested to Spotify daily, but the vast majority of them fail to surpass the 1,000-play mark. Sony Music Entertainment, Warner Music Group, and Universal Music Group reported record profits in 2023, but those numbers are largely driven by a small number of star artists. A 2017 study showed that out of 7,000 bands tracked, only 21 managed to headline a venue with a capacity exceeding 3,000. Limited opportunity and long odds face artists who don’t have significant industry backing.
Content saturation makes it harder to stand out, inspiring strategic conservatism from major labels, who, driven by data, fear financial risk and tend to invest in artists who demonstrate substantial market appeal.
Trending on Billboard
What are musicians — and, frankly, writers, visual artists, filmmakers, or any creators — in need of resources to do when corporations appear more risk-averse than ever?
Why do we need a grant system for individual artists?
While art is often considered a luxury rather than a public good, it has been shown to provide both cultural enrichment and economic stimulus.
In 2023, Americans for the Arts found that the nonprofit arts and culture industry provided 2.6 million jobs, generated $29.1 billion in tax revenue, and provided $101 billion in personal income to U.S. residents. These numbers include the individuals who benefit from public arts funding to become working artists, who tour, show their work at museums, and fill movie theaters.
America’s nonprofit and for-profit arts sectors work together to promote cultural growth as much as they stimulate economic activity locally and nationally.
Public funding for the arts has remained relatively steady in absolute terms. However, inflation-adjusted spending on the arts by local governments has declined consistently throughout the 2000s. Local arts agencies now receive 27% less in funding than they did in 2001.
Other countries have shown a better system can exist.
For 37 years, Canada’s FACTOR grant program has supported Canadian recording artists in meaningful ways.
FACTOR covers costs that traditionally require the debt financing of a label deal: recording, music videos, and tour funding chief among them.
Notable FACTOR recipients launched into successful careers include Jessie Reyez, Grimes, Charlotte Cardin, BADBADNOTGOOD and TOBi. Drake’s vaunted company October’s Very Own has also received a variety of grants from Canadian governmental sources — including funding for the 2014 OVO Fest.
In Sweden, robust arts education in public schools combined with an internationally-minded grant system contribute to the small nation’s outsized influence on popular music abroad, particularly in the United States where Max Martin’s Swedish pop sensibilities have dominated Billboard charts since Bill Clinton was in office.
While in America, artists can gain access to grants through institutions like the Guggenheim Memorial Foundation or the Henry Luce Foundation, or via state institutions, there is no unified federal mechanism for arts funding akin to FACTOR or the Swedish Arts Grant Committee. The National Endowment for the Arts has an impressive grantmaking operation but does not give direct grants to individual artists.
Introducing the CREATE Art Act.
We need a better system.
In 2024, we are working to bring the CREATE Art Act to the American public. Created by Congressman Maxwell Frost, a drummer and musician himself and the first Gen-Z person ever elected to the United States Congress, the CREATE Art Act proposes a novel grant system for individual artists of all disciplines.
CREATE grants go beyond international models in the way they target emerging artists, those creators who may not yet have the good fortune of making a living off of their art or wish to avoid potentially injurious record and publishing deals. Recipients must show net earnings of less than $50,000 in the previous five years and not more than $400,000 in the previous 20 years from their art. The art produced must be relevant to the community and accessible to the public. The grants include:
Progress Grant – Up to $2,000 to support a year of artist activities.
Project Grant – Up to $100,000 per project that can be used over two years.
Live Performance Grant – Up to $35,000 for live performances.
Development Fund – Up to $10,000 to pay the living and working expenses of artists
while they research, write, or cultivate stories or projects.
The purpose of the program is twofold.
First, and simply, more artists with funding means more art. The greater the creative output of our nation, the greater the diversity of voices with the potential to gain an audience, shift perspectives, inspire future generations, and tell new American stories.
Second, more artists creating means more economic activity in a sector experiencing an algae bloom of creators and consumers.
The current media landscape cuts a more jagged figure than ever. No monoliths. No starmakers. No obvious paths to success.
In a time of such noise and fragmentation, artists find it as hard as ever to fund their dreams and more difficult than before to cut through the clutter.
The CREATE Art Act would plant a foot on the right path forward, opening up possibilities for generations of American artists to come.
The first member of Generation Z to be elected to Congress, Maxwell Alejandro Frost is proud to represent the people of Central Florida (FL-10) in the United States House of Representatives. As a young Member of Congress and Afro-Latino, Congressman Frost brings a fresh, progressive perspective to an institution formerly out of reach for young, working Black and Latino Americans.
Jon Tanners is a manager, writer, and entrepreneur based in Los Angeles. He manages Grammy-winning, multi-platinum producers Dahi, Michael Uzowuru, and Take A Daytrip and is also co-founder of CreateSafe.