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Longtime dance/electronic world agent Maria May of CAA will be honored with the Legends Award at IMS Ibiza 2025 for her notable contributions to electronic music culture.
With her career extending back more than three decades, May helped develop and legitimize the electronic music scene, bringing it out of warehouses to large-scale venues and events worldwide.
May currently represents a flurry of dance world stars, including David Guetta, Sara Landry, Marlon Hoffstadt, Róisín Murphy, Paul Kalkbrenner, Robin Schulz, Icona Pop, The Chainsmokers, Jonas Blue and Black Eyed Peas, among others. She’s also worked with artists including Frankie Knuckles, David Morales, Layo and Bushwacka, Hercules and Love Affair, Azari and III, Moloko, Soulwax, 2manydjs, Lee Burridge, and X-press 2.
“To receive this recognition is both humbling and very exciting,” May said in a statement. “Not merely because of what it represents for my career, but because of what it stands for in the wider culture of electronic music. The first woman to be publicly recognized for her efforts with an award of this gravitas has been a long time coming. Watching electronic music evolve from underground rebellion to a global movement and being one of the many architects of the global business phenomenon that we have created and now being recognized for these efforts is something I never imagined when I went to my first rave.”
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Beyond her work as an agent, May is being honored for advocacy work that includes her role as a board member of Lady of the House, a collective that works to amplify women in the dance music industry. She has a position on the board of Beatport, a position on the advisory board of the Frankie Knuckles Foundation, was a founding advisory board member of the Association For Electronic Music (AFEM) and has been a longtime board member of the Night Time Industries Association.
May has also been included multiple times on Billboard‘s International Power Players and Women In Music power lists.
The award will be presented during The Beatport Awards, happening at Atzaró Agroturismo on the evening of April 24. It’s one of the many gatherings happening on the island in conjunction with IMS Ibiza. There will also be an industry lunch in May’s honor during the three-day dance industry gathering.
“I have enjoyed watching Maria’s career grow from my first meeting with her in the offices of ITB in 1994, seeing her develop with her acts into a global force of nature when it comes to agenting talent,” says IMS and AFEM co-founder Ben Turner. “Her role behind the scenes in affecting how the industry operates may not be seen by so many, but is felt by everybody. She challenges the industry to think and be better. She cares as much today as she did as a passionate agent in her early 20s on the dancefloor at Liquid in Miami listening to Frankie Knuckles and David Morales — which is how I will always visualize her! Both IMS and the clubbing industry of Ibiza are truly proud of her achievements. Electronic music is in a better place because of the person that is Maria May.”
“Maria May has been a transformative force in electronic music for over three decades,” adds Robb McDaniels of The Beatport Group, which acquired a majority stake in IMS in 2023. “Her work behind the scenes has helped shape the careers of some of the most iconic artists in our culture. At Beatport, we’re proud to recognize her contributions and leadership, especially her tireless advocacy for women in our industry. Maria has not only opened doors, she’s helped rebuild the very rooms where decisions are made. She embodies the spirit of this award.”
IMS Ibiza happens at the Mondrian Ibiza and Hyde Ibiza hotels this April 23-25. The event will feature three days’ worth of panel discussions from experts across many sectors of the industry, along with mixers, networking opportunities, performances, a robust wellness program and much more. See the complete IMS Ibiza 2025 schedule here.
President Trump’s global tariffs, which were paused for 90 days shortly after going into effect on Wednesday (April 9), have set global markets on a rollercoaster downhill and put on hold many of the year’s most-anticipated IPOs. Although markets rebounded strongly after the U.S. Treasury Department lowered most tariffs to a flat 10% — China is a notable exception — some anticipate the market volatility could present an opportunity for music catalogs and debt in the coming months, as investors look for more stable ground.
Both sectors — investing in music intellectual property and buying asset backed securities (ABS) collateralized by music rights — could see more demand from institutional investors looking to stockpile cash and safeguard against equities, several royalty investors, music valuation experts and entertainment bankers tell Billboard. For over a decade, music catalog returns have held relatively steady even during economic downturns, which may appeal to investors looking for assets they can easily cash out of in a pinch, those sources said.
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“The royalties space has been relatively calm over the last week given the volatility seen elsewhere, with many investors expecting their portfolios to remain resilient as they have been through other macroeconomic and geopolitical events, although it’s still early days,” says Stephen Otter, managing director at the Swiss-based private equity firm Partners Group. An investor in Harbourview Equity Partners, Round Hill Music and Lyric Capital Group, Partners launched its own royalty investment strategy in February to acquire music, healthcare, renewable energy and other royalties, with the aim of accumulating $30 billion in assets under management by 2033.
“As investors reassess their portfolio allocations in today’s environment, we expect many may consider casting their net wider to incorporate other asset classes, such as royalties,” Otter adds.
The rise of paid music streaming, which accounted for 51% of global recorded music revenues in 2024, according to the IFPI, has helped stabilize music royalties and make their returns more predictable into the future. While rights holders have some exposure to recessionary changes such as advertising spending and consumer discretionary spending, “Music streaming tends to perform well and has historically offset other declines,” says Brad Sharp, senior managing partner at Virtu Global Advisors.
Shot Tower Group, a Baltimore-based boutique investment bank, said that investor interest in music assets remains high despite industry reports of slowing streaming growth, although that outlook could change if macro-economic uncertainty persists, or a trade war were to take hold.
Brian Richards, managing partner at the music-focused investment bank Artisan, tells Billboard, “We haven’t seen any evidence of pullback in the music market during this past week of turbulence.”
Two sources said they expect more activity in the near-term in the credit markets for music. In the past 18 months, a growing number of music companies, like Concord, HarbourView and Recognition, formerly Hipgnosis, have raised money in the debt markets by selling asset backed securities backed by the songs they own in their portfolios.
These sources anticipate more esoteric debt like this to become available to investors because corporate bonds have been rallying since the beginning of the year, driving a narrowing in the difference between the yields of Treasury bonds and corporate bonds. A narrow, or tight, spread between those bonds typically signals optimism.
Shot Tower says it expects at least one music company to issue an asset-backed security in April, which could provide a gauge of investor sentiment. If the chaotic market mood and global uncertainty stick around, however, it could mean fewer music catalogs come up for sale and financing becomes more selective, Shot Tower says.
At least one industry group expressed fears over the possibility of retaliatory tariffs on digital services companies, such as Apple Music, Amazon, Meta and YouTube, and maybe even issues collecting royalties.
“Since creative industries are among the few American industries that have a positive balance of trade with other nations, we will be watching closely to see if other countries target American music in any retaliation, which could include tariffs or other actions like withholding royalty payments,” A2IM president/CEO Richard Burgess wrote in an email to members this week.
The withholding of royalties is unlikely, says Sharp, or may be limited to countries such as China that have higher tensions with the U.S.; on Wednesday, the Treasury raised the tariff on goods from China to 125% following the country’s imposition of retaliatory tariffs on U.S.-made goods.
“A rise in global economic tensions may result in an increase in consumption of more localized content on a by-country or by-region basis,” says Sharp. Economic policy could also result in higher inflation, he adds, “which will potentially impact interest rates and have a knock-on effect on valuations.”
Additional reporting by Ed Christman.
Seeker Music has partnered with Blackheart, the independent company founded by Joan Jett and longtime collaborator Kenny Laguna, to acquire what is described as a “substantial share” of Jett’s publishing and recorded music rights, it was announced on Thursday. This collaboration aims to enhance the Joan Jett and the Blackhearts catalog, with plans for releasing unreleased music, reimagining classic albums and launching new campaigns tied to her global tours.
The Rock and Roll Hall of Fame inductee (class of 2015) has left quite a mark on rock music with hits like “Bad Reputation,” “Crimson and Clover,” “Do You Wanna Touch Me (Oh Yeah)” and “I Hate Myself for Loving You.” Formed in 1979 following the breakup of The Runaways, Joan Jett and the Blackhearts have achieved eight platinum and gold albums and nine Top 40 singles, including her sneering hit “I Love Rock ‘N Roll,” which topped the Hot 100 for several leather-clad weeks in early 1982.
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Seeker Music, founded in 2020 by M&G Investments and led by Evan Bogart, manages a diverse catalog of over 15,000 copyrights, including works by artists like Run The Jewels, Jon Bellion, Christopher Cross and others.
The partnership between Blackheart and Seeker Music represents a full-circle moment of sorts, connecting two storied rock and roll family legacies. Carianne Brinkman, Laguna’s daughter and the president of Blackheart, and Evan Bogart, son of legendary record executive Neil Bogart, who signed Jett to his Boardwalk Records, are key figures in this collaboration.
“Seeker joining forces with Joan, Kenny, Carianne and Blackheart isn’t just a partnership, it’s a personal, powerful reunion… reigniting a legacy and carrying the torch forward with the same rebellious spirit that ignited it,” said Evan Bogart.
Kenny Laguna, Steven Melrose, Joan Jett, Evan Bogart and Carianne Brinkman.
Brandon Young
Brinkman and Laguna echoed Bogart’s sentiment on the serendipity of the collaboration.
“I can’t imagine a better partnership that is at once completely new but a return to a shared legacy that began with the belief in Joan Jett and the Blackhearts,” said Brinkman.
Laguna added: “It’s too coincidental to be a coincidence, so I am so overwhelmed to see how fate brought Carianne and Evan Bogart at Seeker together 58 years after I had my first hit with Neil Bogart.”
The partnership was negotiated by LaPolt Law, P.C., and Reed Smith, LLP, with support from Seeker’s chief creative officer Steven Melrose and Blackheart’s head of distribution and operations Hubert Górka.
“At Seeker, our celebrated creative and innovative approach to catalog means that our focus is on super-serving Joan’s current fans, whilst growing her fandom year on year – essentially taking Joan’s music into millions of new homes globally,” said Melrose. “For a catalog as expansive and legendary as Joan Jett and the Blackhearts’, we’re working on plans to release incredible archival moments, activations around her best-selling global tours, reaching new fans through global and cross-genre campaigns, and creative re-releases of beloved albums utilizing new platforms around the world.”
The companies did not disclose financial aspects of the deal, nor the specifics of the “substantial share” of the acquired catalog.

HYBE Interactive Media (HYBE IM) secured an additional KRW 30 billion ($21 million) investment, with existing investor IMM Investment contributing another KRW 15 billion ($10 million) in follow-on funding. Shinhan Venture Investment and Daesung Private Equity joined as new investors in the company, which plans to expand its game business using HYBE’s K-pop artist IPs. To date, HYBE IM has raised a total of KRW 137.5 billion ($100 million). With the new money, the company plans to enhance its publishing capabilities and execute its long-term growth strategy by allocating it to marketing, operations and localization strategies to support the launch of its gaming titles.
Live Nation acquired a stake in 356 Entertainment Group, a leading promoter in Malta’s festival and outdoor concert scene that operates the country’s largest club, Uno, which hosts more than 100 events a year. The two companies have a longstanding partnership that has resulted in events including Take That’s The Greatest Weekend Malta and Liam Gallagher and Friends Malta Weekender being held in the island country. According to a press release, 356’s festival season brought 56,000 visitors to the island, generating an economic impact of 51.8 million euros ($56.1 million). Live Nation is looking to build on that success by bringing more diverse international acts to the market.
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ATC Group acquired a majority stake in indie management company, record label and PR firm Easy Life Entertainment. The company’s management roster includes Bury Tomorrow, SOTA, Bears in Trees, Lexie Carroll, Mouth Culture and Anaïs; while its label roster boasts Lower Than Atlantis, Tonight Alive, Softcult, Normandie, Amber Run, Bryde and Lonely The Brave. Its PR arm has worked on campaigns for All Time Low, 41, Deaf Havana, Neck Deep, Simple Plan, Travie McCoy and Tool.
Triple 8 Management partnered with Sureel, which provides AI attribution, detection, protection and monetization for artists. Through the deal, Triple 8 artists including Drew Holcomb & the Neighbors, Local Natives, JOHNNYSWIM, Mat Kearney and Charlotte Sands will have access to tools that allow them to opt-in or opt-out of AI training with custom thresholds; protect their artist styles from being used in AI training without consent by setting time-and-date stamp behind ownership; monetize themselves in the AI ecosystem through ethical licensing that can generate revenue for them; and access real-time reporting through Sureel’s AI dashboard. Sureel makes this possible by providing AI companies “with easy-to-integrate tools to ensure responsible AI that fully respects artist preferences,” according to a press release.
Merlin signed a licensing deal with Coda Music, a new social/streaming platform that “is reimagining streaming as an interactive, artist-led experience, where fans discover music through community-driven recommendations, discussions, and exclusive content” while allowing artists “to cultivate more meaningful relationships with their audiences,” according to a press release. Through the deal, Merlin’s global membership will have access to Coda Music’s suite of social and discovery-driven features, allowing artists to engage with fan communities by sharing exclusive content and more. Users can also follow artists and fellow fans on the platform and exchange music recommendations with them.
AEG Presents struck a partnership with The Boston Beer Company that will bring the beverage maker’s portfolio of brands — including Sun Cruiser Iced Tea & Vodka, Truly Hard Seltzer, Twisted Tea Hard Iced Tea and Angry Orchard Hard Cider — to nearly 30 AEG Presents venues nationwide including Brooklyn Steel in New York, Resorts World Theatre in Las Vegas and Roadrunner in Boston, as well as festivals including Electric Forest in Rothbury, Mich., and the New Orleans Jazz & Heritage Festival.
Armada Music struck a deal with Peloton to bring an exclusive lineup of six live DJ-led classes featuring Armada artists to Peloton studios in both New York and London this year. Artists taking part include ARTY and Armin van Buuren.
Venu Holding Corporation acquired the Celebrity Lanes bowling alley in the Denver suburb of Centennial, Colo., for an undisclosed amount. It will transform the business into an indoor music hall, private rental space and restaurant.
Secretly Distribution renewed its partnership with Sufjan Stevens‘ Asthmatic Kitty Records, which has released works by Angelo De Augustine, My Brightest Diamond, Helado Negro, Linda Perhacs, Lily & Madeleine, Denison Witmer and others. Secretly will continue handling physical and digital music distribution, digital and retail marketing, and technological support for all Asthmatic Kitty releases.
Symphonic Distribution partnered with digital marketing platform SymphonyOS in a deal that will give Symphonic users discounted access to SymphonyOS via Symphonic’s client offerings page. Through SymphonyOS, artists can launch and manage targeted ad campaigns on Meta, TikTok and Google; access personalized analytics for a full view of fan interactions across platforms; build tailored pre-save links, link-in-bio pages and tour info pages; and get AI-powered real time recommendations to improve marketing campaigns.
Bootleg.live, a platform that turns high-quality concert audio into merch, partnered with Evan Honer and Judah & the Lion to offer fans unique audio collectibles on tour. Both acts are on tour this fall. The collectibles, called “bootlegs,” are concert recordings taken directly from the board, enhanced using Bootleg’s proprietary process, and combined with photos and short videos.

A trio of in-depth environmental impact reports are set to be presented for the first time each at next week’s Music Sustainability Summit in Los Angeles.
Representatives from MIT will be at the event to present their Live Music Emissions in the UK and US report, a comprehensive study of the live music industry’s carbon footprint.
The report aims to create a comprehensive assessment of the relationship between live music and climate change, identify primary areas where the industry and concert goers can make tangible improvements to reduce emissions and provide analysis of the latest developments in green technology and sustainable practices. This study has been co-funded and supported by Warner Music Group, Live Nation and Coldplay.
Additionally, Madeline Weir, director of impact at REVERB will present the longstanding organization’s Concert Travel Study, which highlights concert travel — one of the largest sources of live music-related emissions — and shows how the broad music community can address it through collective action. This report is based on insights from more than 35,000 fans at over 400 shows and offers practical, scalable solutions to create more sustainable concerts.
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Finally, representatives from sustainability programs at Columbia University will present a report analyzing current practices, surveying the regulatory landscape and identifying challenges and opportunities related to implementing sustainability practices in venues. An accompanying toolkit will offer tips on how venues can integrate sustainability into their business operations. This report was done in partnership with the Music Sustainability Alliance, with support from OVG and AEG.
The second annual Music Sustainability Summit happens on April 15 at Solotech Studios in Los Angeles. The day-long gathering will offer a robust schedule featuring talks, panel discussions, networking opportunities, performances and more. See the complete program here.
Passes for the Summit are available here. Billboard is the official media sponsor of the event.
“Providing a platform for our partners to present their research at MSS25 is about turning knowledge into momentum,” says Amy Morrison, CEO and Co-founder of the Music Sustainability Alliance. “Whether it’s fan travel, venue operations, or the emissions footprint of live music, these studies help identify where the biggest challenges and the greatest opportunities exist. At MSA, we’re here to ensure the industry has the tools and insights it needs to lead on climate.”
At last month’s Billboard Women in Music ceremony in Los Angeles, Breakthrough honoree Ángela Aguilar took a moment to express her solidarity with the Latin immigrant community, dedicating her award to women who cross the border to the United States “with nothing but hope in their hearts, only to find themselves living in uncertainty and fear,” she said in a poignant speech that prompted a standing ovation. “You deserve safety, dignity, the right to dream.”
Aguilar is part of a growing group of Latin artists — including Shakira, Maná and Alejandro Fernández — who are using their platforms to speak up for immigrants after President Donald Trump took office in January and immediately launched an aggressive crackdown on immigration, pledging to carry out mass deportations.
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But it was perhaps regional Mexican artist Tony Aguirre who addressed the situation more bluntly. “I’m scared that no one will show up to my shows,” he said during an interview with a Mexican podcaster when asked how things were going with Trump as president. Aguirre tells Billboard he is genuinely worried.
“Regional Mexican events have been directly impacted, and it’s not just me going through this, many of my colleagues feel this way,” says Aguirre, who tours mainly in the U.S. “When it all started, we were reaching out to each other just to see how things were going and everyone was saying the same thing, low attendance. People are scared to go out because of mass deportation threats, and I wanted to speak up because it seems like no one in our industry is willing to really to talk publicly about how this has impacted our industry, and it’s important that we do.”
While the effects of Trump’s policies on Latin music still remain to be seen on a larger scale, there is a real concern about the impact.
Abel DeLuna, California-based member of the veteran Mexican music association Promotores Unidos and founder of Luna Management, is once again dealing with a situation that’s historically effected regional Mexican bailes, which are small but mighty shows (and for many years the backbone of the genre) predominantly held in nightclubs catering to a specific demographic and booked by indie promoters. In 2007, Billboard’s Leila Cobo interviewed DeLuna about “stepped up” immigration enforcement under the George W. Bush administration, where he said then that the immigration situation alone accounted for 20% to 25% of the drop in his concert promotion business. He relived the same scenario 18 years later when Trump took office for a second term earlier this year, with that fourth week of January and first week of February being particularly brutal. DeLuna says shows in those weeks sold only around 10% to 15% of tickets, which ultimately led him to cancel some shows in Northern California.
“Our people are worried,” says DeLuna, speaking over the phone just weeks after Trump took office. “Many are afraid to go out, afraid to go out to work, afraid to go to the bailes, concerts, several having to get canceled because people are not buying tickets. I don’t know how long this is going to last, if it is really going to calm down soon or if it is going to go on for a long time and if it does, then our people are going to suffer a lot and the whole business is going to suffer.”
Low concert attendance aligns with a decrease in foot traffic in predominantly Hispanic neighborhoods around the country since Trump took office, says Maria Teresa Kumar, president of Voto Latino, a non-profit organization that aims to encourage young Hispanic and Latino voters to register to vote.
“People are scared that they’re going to be targeted and rounded up, creating a chilling effect happening around a community that is getting internalized mentally but also physically in their decisions to not go shopping or go to concerts,” says Kumar, who in the past has teamed up with artists like Maná and Los Tigres del Norte to get Latinos more politically involved.
The Latin music industry thrives on a diverse fan base, and while it’s reaching a global audience now more than ever, its core listeners are still Latinos, and a significant portion of them are immigrants. Just as with previous administrations, when there are increased reports of immigration raids in U.S. cities, businesses inevitably suffer. That includes everything from flower shops and restaurants in Chicago seeing a notable decline in sales to schools and churches feeling the “chilling effect,” as The New York Times put it in a report about “immigrants in hiding” over fear of deportation.
DeLuna says the sobering topic came up at the annual conference for Promotores Unidos, a long-standing Latin concert promotion association with more than 300 members, in Las Vegas in January.
“[Immigration] is the most important conversation right now,” DeLuna says categorically. “With those I have talked to among the association, I recommend the same thing: We must take care of ourselves, but we have to work harder and try to do better promotion to get people to come to our events, even if that means keeping prices low. What I’m personally doing is lowering prices to see if people feel encouraged to come out.”
Enrique Ortiz of Luz Record, a management, promotion and booking agency based out of L.A., also attended the Promotores Unidos conference in Las Vegas and says that while misinformation on social media about alleged raids in certain cities has also affected concert attendance, he’s been following the situation closely. “We’ve been noticing that ICE is arresting those with a criminal record, yes, but also those who don’t [have one]. And that’s concerning. It has a direct impact on all of us as managers, promoters, musicians.”
Billboard’s reporting confirms that this is an ongoing topic of conversation in important Latin music spaces and is top of people’s minds — although many in the industry prefer not to speak on the record about it. Over the course of two months, Billboard reached out to more than a dozen industry leaders, from managers to agents to promoters, for this story, with the majority declining to give an interview about just how much the Trump administration could impact the business of Latin music. Some who agreed to speak on background on the condition of anonymity expressed the same sentiment: uncertainty. One source, a manager to a well-known regional Mexican act, said they had already seen the impact on live shows in certain markets, particularly concerts that mainly book more traditional (i.e. older) regional Mexican acts.
Josh Norek, president of Regalias Digitales, refuses to stay silent and blasted a wide email to his contacts in March with the subject line: “Latin music industry — the time to speak is now.”
“From venues and record labels to artists and crews, deportations create instability that threatens the economic power of Latin music,” Norek’s email reads, with messaging crafted by Voto Latino for artists and executives to share. “If our audiences and communities are at risk, our industry suffers.”
Norek is particularly focused on the impact Trump’s administration will have on royalties should his promise of mass deportations come to fruition. “I project in the next four years we’ll see a significant decrease in earnings,” he tells Billboard. “I care tremendously on a humanitarian standpoint, but when you think about the economic impact, it’s very simple math: A stream coming from Mexico is worth about 2% of a stream coming from the U.S. So, if you deport 5 million streamers and put them in places like Mexico, Guatemala or Venezuela, you go from paying $10 a month for Spotify to [the] free ad-supported tier in Mexico, and it will generate almost nothing. Meanwhile, Pandora exists only in the U.S. and if you take away those users, it will impact SoundExchange royalties. You shouldn’t have to be a Democrat, Republican or independent to be thinking about the economic impact of deportations.”
Adding to the precariousness of it all, Trump’s global tariffs, announced on April 2, could also affect the U.S. music industry, from musical instrument manufacturers to the vinyl business. They could also lead to a potential decrease in local tourism, directly impacting concert and festival attendance in the U.S.
“During these times [of uncertainty], people are double-thinking how to spend their expendable income and, sadly, concerts are one of those pieces that are disposable income,” adds Kumar. “It’s been only two months and we’re already seeing the implications in the music industry, in hospitality, retail industry — this is not tenable.”
Norek reached out to Voto Latino to help craft messages for industry leaders and artists to share, although the shareable posts have yet to garner wider traction. “I understand that it’s tough for some people to speak out because they don’t want to be demonized,” says Norek. “However, now there’s just outward hostility toward Latinos and immigrants. The least we can do is show our clients that we care. This is our audience.”
Charli XCX appointed PPL for the collection of her international neighboring rights royalties, joining a client list that includes Ice Spice, Kenya Grace, London Grammar, Becky Hill, Sigala, Joel Corry and Lewis Thompson.
Downtown Artist & Label Services announced a trio of new deals including with Capital Cities (“Safe and Sound”), which partnered with the distributor to support the band’s catalog and future releases, including the release of the band’s A Hurricane of Frowns album on Feb. 14. Downtown also signed with Sofi Tukker for the U.S. rights to the duo’s catalog and upstreamed Twenty One Pilots‘ self-titled debut album, originally released via Downtown-owned distributor CD Baby in 2009.
Indian singer Sid Sriram signed a joint venture with Warner Music India that encompasses recorded music, management, live performances, brand collaborations and strategic ventures focused on non-film Indian-language music. Sriram and Warner Music India will “scout and nurture a new wave of global talent” under the agreement. The first release under the deal is Sriram’s “Sivanar,” which was released on Thursday (April 3).
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Indian star Guru Randhawa also signed with Warner Music India, which will release his next album, Without Prejudice. The first single, “Gallan Battan,” was released on March 28. Randhawa’s deal covers recorded music, live experiences, fan engagement and more. The deal includes new management led by Gurjot Singh, who founded BeingU Studios.
Chicago pop-rock quintet The Walters (“I Love You So”) signed a licensing deal with Amuse, which released the band’s debut album, Good Company, late last month. Amuse is providing frontline support, including DSP optimization, playlisting, editorial relationships, marketing, design support and UGC monetization help.
Indie singer-songwriter Alice Phoebe Lou signed with Nettwerk, which will release her first self-produced single, “You and I,” on Friday (April 11). Lou is managed by Gorka Odriozola at Independent Artists Management and booked by Brian Greenwood and Carly James at CAA.
Country band LANCO signed with UTA for representation in all areas. The band released its debut album, We’re Gonna Make It, in January; recently completed its We’re Gonna Make It tour; and is slated to play multiple fairs and festivals this summer. LANCO is managed by Bryan Coleman and Eleanor Kohl at Union Entertainment Group/Red Light Management.
Caroline Jones, a country singer-songwriter and member of Zac Brown Band, signed a recording deal with Big Machine Label Group’s Nashville Harbor Records & Entertainment. The label released her latest track, “No Tellin,’” on March 28.
Former We The Kingdom member Franni Cash is launching a solo career and has formed her new team, which included signing a label deal with Capitol Christian Music Group and aligning with WME for booking representation. She is managed by Round Table Management’s Hannah Gifford. As part of We The Kingdom, Cash has earned two Grammy nominations and won three GMA Dove Awards. – Jessica Nicholson
Americana band The Brudi Brothers signed with Mom+Pop Music on the heels of its viral single “Me More Cowboy Than You.”
Emerging country singer-songwriter Tyler Nance signed a management deal with Redline Entertainment in Nashville. Nance will be managed by the firm’s Larry Blackford and Wes Mayers. He released his debut EP, Wasted Chances, last year.
Ohio native and country-rock artist Preston Cooper has signed with The Neal Agency for booking representation. Cooper has released songs including “Numbers on a Mailbox” and Weak” and will release his debut album, Toledo Talkin’, on May 30. The Neal Agency’s roster also includes Morgan Wallen, Ernest, HARDY, Bailey Zimmerman, Ella Langley and Anne Wilson. – Jessica Nicholson
GEMA revenue rose 4% to €1.33 billion in 2024 ($1.44 billion, according to an average annual exchange rate), the German collecting society announced Tuesday (April 8). The organization also said it’s distributing €1.13 billion ($1.22 billion) to rightsholders, the third consecutive year in which that number has exceeded the billion-euro mark. It reduced its cost ratio modestly, from 15.2% to 14.9%.
Last year “was marked by geopolitical tensions, economic uncertainty, and disruptive technological developments,” GEMA CEO Tobias Holzmüller said in a statement released with the results. “In this environment, GEMA demonstrated stability — financially, organizationally, and culturally.”
The live concert business segment is growing especially fast, with revenue rising almost 17% to €194.9 million ($210.9 million). Public performance revenue as a whole — i.e., revenue from compositions played in public places, including concerts but also stores or restaurants — rose 13.1% to €502 million ($543.3 million). That’s GEMA’s biggest category of revenue, with growth fueled largely by Germany’s live concert boom.
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GEMA’s second biggest source of revenue was online, which came in at €310.1 million ($335.6 million), down very slightly from €310.3 million ($335.8 million). Online generally shows more growth, but the way collecting societies book revenue makes it hard to draw any conclusions from this. Revenue from the use of music on radio and TV increased 1.2% to €308.4 million ($333.8 million).
International revenue increased to €87.8 million ($95 million), up 6.9%. Revenue from statutory remuneration rights, which consists mostly of levies on blank media and computer memory, as well as legal settlements, fell to €58.6 million ($63.4 million) — down significantly from 2023, when retroactive remuneration claims were settled — or about the 2022 level. Mechanical royalties from physical media, such as CDs and vinyl records, should increase 2.2% to €45.7 million ($49.5 million).
For the past few years, since the pandemic, the major European collecting societies have experienced substantial growth — partly because they took in less during the pandemic and partly because of the subsequent boom in concert attendance. This year, growth is expected to return to normal, and that seems to be the case with GEMA’s results. It will be interesting to see if its rival societies fare better, or whether overall growth will return to a slow, gradual climb.
After years of restoration, research and archive digging, the Les Paul Foundation has opened the Les Paul Recording Studio as part of the historic United Recording facility in Los Angeles, California.
Anyone who rents out the new Les Paul Recording Studio will have full access to record with Paul’s immaculately restored 8-track mixing console, known as The Monster, and Paul’s Ampex 5258 Sel-Sync 8-track recorder, known as The Octopus, which is widely credited as the first-ever 8-track recorder. The gear has also been revamped to allow for it to be hooked up to a digital audio workstation and used as a modern console.
“It’s like having the Wright brothers’ plane and actually being able to fly it,” says Tom Camuso, director of audio engineering.
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The new studio brings Paul’s recording equipment back to Hollywood, where he first invented them, after a long stint in the Mahwah Museum in Mahwah, NJ. Paul built these tools in the 1950s in the garage of his nearby Hollywood home when recorded music technology was incredibly limited. Over time, the multi-genre guitarist, producer and inventor developed what he called his “New Sound,” which included pioneering revolutionary techniques like multi-track recording, sound-on-sound, close miking, overdubbing, speed manipulation, echo and more.
Paul also had a hand in creating the solid-body electric guitar, of course. Among the other perks of the Les Paul Recording Studio, musicians will now be able to check out a number of Paul’s early electric guitars as well as a vast archive of his photos.
“We’ve painstakingly restored Les Paul’s original gear to working condition, allowing today’s artists to record using the exact tools that revolutionized popular music. Combined with the newest technology and digital recording tools, the Les Paul Recording Studio will welcome musical artists, producers, engineers and students to a new and innovative studio environment that is the only one of its kind in the world,” says Michael Braunstein, executive director of the Les Paul Foundation.
The studio will also act as a place for students to learn about Paul’s contributions to the history of recorded music and to record their own compositions. For more information about the studio, visit les-paul.com.

Music stocks were battered this week after President Donald Trump unveiled the tariffs that will be applied to imported goods from around the world.
The 20-company Billboard Global Music Index (BGMI) fell 8.2% for the week ended Friday (April 4), marking the largest single-week decline in the index’s two-and-a-half-year history. Among the 17 stocks that posted losses, eight declined by 10% or more, and one — iHeartMedia — far surpassed a 20% decline. Of the 20 stocks on the index, only three South Korean K-pop companies posted gains for the week.
Markets around the world experienced large declines in the wake of the tariffs. In the U.S., the tech-heavy Nasdaq fell 10.0% and the S&P 500 dipped 9.1%. The U.K.’s FTSE 100 slipped 7.0%. South Korea’s KOSPI composite index fell 3.6%. China’s SSE Composite Index declined just 0.3%.
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SM Entertainment was the top performer of the week with an 8.3% gain, besting JYP Entertainment’s 3.3% increase and HYBE’s 2.3% improvement. No other music stock finished the week in positive territory, although French company Believe came close with a 0.1% decline.
Spotify fell 10.3% to $503.30, erasing approximately $12 billion of market value. While most stocks cratered on Thursday (April 3), Spotify had fared relatively well by losing just 1.2%. But Spotify shares fell 9.9% on Friday (April 4), paring down the once high-flying stock’s year-to-date gain to 7.9%.
Like Spotify, Tencent Music Entertainment bucked the downward trend on Thursday by suffering only a minor loss, but declined 9.5% on Friday, dropping 9.9% to $12.95.
Radio companies, which are heavily dependent on advertising revenue, were among the most affected stocks. iHeartMedia shares fell 26.8% to $1.20, bringing its year-to-date decline to 43.7%. Cumulus Media dropped 14.9% to $0.40. SiriusXM declined 14.2% to $19.51.
Live entertainment stocks were also hit hard. Sphere Entertainment Co., owner of the Sphere venue in Las Vegas, fell 19.5% to $26.74, mirroring sharp declines in gaming companies reliant on travel to Las Vegas such as Wynn Resorts (down 14.9% this week) and Caesars Entertainment (down 9.7%). Sphere announced on Friday that it has two new experiences in production: The Wizard of Oz at Sphere and From The Edge, a film about extreme sports.
Madison Square Garden Entertainment dropped 11.9% to $29.71, widening its year-to-date loss to 17.2%. Live Nation had been up 7.7% through Wednesday (April 2) but finished the week down 3.4% after losing a combined 10.3% over Thursday and Friday. German concert promoter CTS Eventim fell just 6.2%.
Music stocks started 2025 well, but concerns about tariffs have wiped out the index’s early gains. The BGMI has lost 18.0% of its value since Feb. 14 and has declined in five of the previous seven weeks. Halfway through February, the index had gained nearly 30% in the first six weeks of the young year. By Friday, that year-to-date gain was down to 6.3%.
Billboard
Billboard
Billboard