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Primary Wave Music has partnered with Brazilian music company Nas Nuvens Catalog. The deal marks Primary Wave’s first major move into the fast-growing Brazilian music market. Nas Nuvens Catalog is the leading independent Brazilian company focusing on the acquisition, management and marketing of music catalogs, and is one of the five largest music companies in Brazil.
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BMG has signed a publishing partnership with hitmaker Jeff “Gitty” Gitelman and his company Playground Media. Known for his recent work with Victoria Monet, Jelly Roll, Jessie Murph, Mary J Blige, Hozier, Jennifer Lopez and more, Gitty’s new agreement with BMG will allow him to continue to expand his roster of new creatives at Playground Media.
Downtown Music Publishing has signed Grammy-winning singer-songwriter Colbie Caillat to a global publishing agreement. This new deal includes future works as well as the administration of her full catalog, including “Bubbly” and “Lucky.” She is also signed to Downtown on the recorded music side.
Anthem Entertainment has acquired the catalog of songwriter Chantal Kreviazuk, including her own releases “Boot”, “In This Life”, “Time”, “Weight Of The World” and “Get To You.” It also includes hits she has written for other artists, like “Feel This Moment” by Pitbull and “Rich Girl” by Gwen Stefani.
Warner Chappell Music has purchased the catalog of hitmaker Jenna Andrews. This includes hits like “Butter” and “Permission to Dance” by BTS as well as “Supalonely” by Benne and Gus Dapperton, “July” remix by Noah Cyrus featuring Leon Bridges, and more.
Concord Music has signed Sleeping At Last‘s Ryan O’Neal to a global publishing deal, including both his catalog and future works. Since 1999, Sleeping At Last has written, produced and released over 20 albums and EPs, including “Turning Page,” which was featured on the soundtrack of The Twilight Saga: Breaking Dawn — Part 1.
Warner Chappell Music and Lady Fairchild Publishing have signed Ashley Ray to a global publishing deal. Known best for penning Little Big Town’s “The Daughters,” along with other songs for Ruston Kelly, Lori McKenna, Sean McConnell, and more, Ray’s new publishing deal will have her continuing to work with Little Big Town’s Karen Fairchild, founder of Lady Fairchild Publishing. This is a new publishing company, focused on artist development.
Concord Music Publishing has purchased selections of Cary Barlowe‘s catalog, including Chris Young’s “Famous Friends” and “Raised on Country,” as well as songs recorded by Kelsea Ballerini, Brett Kissel, Chris Tomlin, Rascal Flatts, Lauren Alaina, Little Big Town, Mickey Guyton, and more. The company has been working with Barlowe for years and in addition to the catalog news, the company also announces that it has extended Barlowe’s publishing deal through its creative joint venture, Hang Your Hat Music, including Barlowe’s full catalog and future works.
Prescription Songs has signed songwriting-production duo BaeRose to its roster. Comprised of best friends Dana “BaeBae” Victoria and Mariah Rose “MRose” Martinez, the duo has already been in the studio with the likes of Chris Brown, Roddy Ricch, Jason Derulo and more.
Blue Raincoat Music has signed a new global publishing deal with songwriter-producer and Lightning Seeds frontman Ian Broudie. The deal includes the majority of his catalog and will see him reunited with Jeremy Lascelles, CEO of Blue Raincoat, who was Broudie’s longtime publisher when he was at Chrysalis Music in the 1990s.
Warner Chappell Music has signed Sara Bares to a global publishing deal. Based in Nashville, the rising songwriter has worked with Leah Mason, Simon Jonasson, Oliver Frid, Tanner Adell, Ashley Kutcher and Camille Parker to date.
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. Get to know the most powerful people in the music biz in the latest Power 100 list.
Crypto.com Arena, home of Lakers, Kings, Clippers and Sparks, hired Ron Little as the Los Angeles landmark’s vice president of security. Little will lead all event and non-event security and risk management services for the arena, and assist with planning safety protocols. He arrives in LA from Seattle, where he served as director of security for Lumen Field, Lumen Field Event Center and the WAMU Theater. Prior to the Emerald City, he held various roles in Oakland, most notably as GM for SMG at Oracle Arena and the Oakland-Alameda Coliseum. Over the course of his 30-plus years in the biz, he also worked with Bill Graham Presents, Live Nation and the Bonnaroo Music Festival. “With a wealth of experience and a deep understanding of the industry, Ron brings a unique perspective that aligns seamlessly with our vision,” says Lee Zeidman, president of Crypto.com Arena. “His strong industry relationships will undoubtedly contribute to the success of the arena, and we eagerly anticipate his leadership in overseeing a diverse range of events here in Los Angeles.”
Sony Music Entertainment looks to pounce on double-digit growth in Asia with the appointment of Kenny Ong as the label group’s new managing director for Malaysia, Vietnam, Singapore and special projects Southeast Asia, effective immediately. Ong’s job will be to expand Sony’s share of the pie in the region — revenue in all of Asia rose 15.4% in 2022, according to IFPI — and champion Southeast Asian artists. Ong was previously CEO of Astro Radio, the top radio power in Malaysia, and between 2015 and 2021 was managing director of Malaysia, Singapore and Indochina for Universal Music Group. “Our region is poised for continued growth, and to seize the opportunity it will require more creativity and diligence,” said Shridhar Subramaniam, SME’s president of corporate strategy and market development, Asia and Middle East.
Madison Square Garden Entertainment and Sphere Entertainment hired Laura Franco as evp and general counsel for both companies, effective Feb. 20. Franco, who wields 30-plus years in legal experience, including most recently as chief legal and compliance officer at Bumble, will report directly to executive chairman and CEO James L. Dolan. As general counsel, Franco will direct all business legal affairs, including complex transactions, at both companies. Prior to Bumble, parent of the same-named dating app, she served as evp and general counsel of CBS. “We are pleased to welcome Laura to the MSG Family of Companies,” said Dolan. “Laura’s background handling high-profile corporate and business legal matters at premier media companies will be a valuable addition to our Legal teams, and we look forward to leveraging her expertise as both companies pursue their business strategies.”
Curb Records promoted several staffers, with Craig Powers rising to svp of media and continuing to spearhead mainstream/crossover radio success with label artists including for King + Country and Natalie Grant; Powers had served as vp of media since 2020. Lori Hartigan has been promoted to national director of media; Hartigan has been with Curb for 10 years and has served the past eight years as director of west coast promotion. Additionally, Todd Thomas will move into the director of west coast promotion role (having previously served as director, southwest promotion), while Bailey White has been hired as director of southwest promotion. White comes to Curb after three years with Black River Entertainment’s promotion team. –Jessica Nicholson
Warner Music UK appointed Natasha Billing to svp of commercial and data insights, and promoted Nick Allum to her vp of data and insight. The label said these moves coincide with a shift in WMUK’s approach to data analytics and revenue generation, and will ultimately assist in nurturing artists’ careers by amplifying audience engagement and fueling innovation. Billing’s previous work includes stints at ASOS and Made.com, as well as a three-year stretch in a strategy role at Warner Music International. Allum, who reports to Billing, is tasked with building an in-house data and insight team and will manage audience, revenue and marketing data collection for the company’s labels. “With our new setup, and under Natasha and Nick’s leadership, we are well positioned to offer the best support possible to our artists, labels and partners, while further promoting and accelerating WMUK’s incredible frontline and catalogue releases,” said Isabel Garvey, WMUK’s chief operating officer, to whom Billing reports.
Cherie Hu, a respected music tech researcher and founder of data-driven learning platform Water & Music, landed a full-time teaching job at Syracuse University‘s prestigious Bandier Program for Recording and Entertainment Industries. Beginning in the fall semester, Hu will teach students about emerging technologies and new music industry models as part of Syracuse’s Newhouse School of Communications, where she currently adjuncts. Hu plans to continue her involvement with Water & Music in a more strategic role. As a journalist, Hu covered the intersection of music and tech for Billboard, Forbes, Pitchfork and NPR Music, among other outlets, and received the Reeperbahn Festival’s Award for International Music Business Journalist of the Year in 2017. “Cherie Hu is in an elite echelon of analysts creating the absolute best work and thinking about the future of the music industry,” said Bill Werde, director of the Bandier program and former editorial director of Billboard. “I’ve respected and learned from her work for years, and am thrilled to welcome her to the Bandier, Newhouse and Syracuse family, to continue her industry-leading work, and to teach our students about what’s next in music industry business models, marketing and platforms.”
Music-licensing company Epidemic Sound appointed former Amazon and Grubhub exec Sam Hall as chief product officer, starting Feb. 5. In his new role, Hall will lead Epidemic’s product department to boost its B2B/B2C offerings. He joins from CLEAR, where he was CPO at the US-based tech company. At Grubhub, Hall also oversaw the development of B2B/B2C offerings, and during his near-decade at Amazon was instrumental in building the company’s mobile business from the ground up. “We’ve made huge strides in the sophistication of our product offering to content creators of all kinds in the past three years, introducing tools that make it almost frictionless to soundtrack content,” said Oscar Höglund, co-founder and CEO. “We’re delighted to welcome Sam to accelerate this progress together; he brings a focus on customer experience across both B2B and B2C, and will be instrumental in developing a next-generation soundtracking experience for our creative community.”
Artist Partner Group announced a wide slate of promotions at the label. Eli Piccarreta has been elevated to svp of A&R, Corey Calder is moving up to svp of marketing and creative services, Jessica Kelm is now vp of marketing and digital operations, and Ashlee Merritt now has senior marketing director on her business card. APG, label home to a roster that includes Odetari, 6arelyhuman, Lay Bankz, The Sweepers and NLE Choppa, was founded in 2004 and is parent to Artist Publishing Group.
The Bryan Adams joined music-sharing tech startup Songbox as a co-founder. Using Songbox, creators can track when a file has been delivered, whether it’s been listened to and how long songs have been played. Additionally, the platform allows for creators to upload and share music video content. The Canadian rock icon said in a statement, “Songbox allows me to share new music that I’m working on in a way that I couldn’t before. I don’t need to send out MP3 files or physical products, so it keeps my ideas and early versions safe and secure until I’m ready to officially release the songs.” –J.N.
Jazz musician Branford Marsalis was named artistic director for the Ellis Marsalis Center for Music in his hometown of New Orleans. The center, which uses music to help foster community and deliver services to underserved kids and musicians, was established in 2012 and is named after Marsalis’ father. “My dad was a teacher, in music and in life,” Branford Marsalis said. “After Hurricane Katrina, he envisioned a haven for the underserved musicians and children in his hometown of New Orleans. He spent the last decade of his life committed to turning that dream into a reality at the Ellis Marsalis Center for Music. It is my honor to step into the role of Artistic Director at the Center and to continue to drive its mission. I hope to make my dad proud.”
BOARD SHORTS: Leo Premutico, co-founder of renowned ad agency Johannes Leonardo, was named chairperson of the 2024 AMP Awards for Music & Sound. As Show Chair, Premutico will be tasked with helping assemble the AMP Awards Curatorial Committee … The National Association of Broadcasters appointed iHeartMedia regional president Jeanna Berge to its radio board of directors, replacing Joel McCrae.
Nice Life Recording Company promoted Bradley Haering to the fresh position of evp of A&R, and hired Mikelle Schwartz as evp or marketing for the indie label. Both are based in Los Angeles and report to founder/CEO Ricky Reed and Larry Wade, who is COO. Haering has been at the company since its formation in 2014 and is credited with signing the label’s Grammy-nominated band The Marías. Schwartz arrives from 88rising, where she was svp of marketing, with previous stops at Warner Records and Kemosabe Records. “I am thrilled for this next chapter at Nice Life Recording Company with these expanded positions,” said Reed. “Mikelle brings over 15 years of marketing experience, making her an invaluable asset to our Nice Life team at the leadership level. Brad, who has been with us since the beginning will oversee A&R in this newly added position as we continue to expand the Nice Life roster.”
Sony Music Publishing UK hired ZaZa Kazadi as senior A&R manager and promoted Adrienne Bookbinder to senior A&R manager of UK and Europe, and Nasra Artan to senior European A&R manager. All three are based in the company’s London office, with Kazadi and Bookbinder reporting to David Ventura, president and co-managing director, and Artan reporting to Ventura and Johnny Tennander, svp of international. Kazadi previously worked in management at Never Dies Management and spent two years as A&R manager at BMG Music Publishing.
Jon Granat joined JDM Music + Sound, makers of custom sound design for movie advertising, as a partner. Granat arrives from Nettwerk Music Group, where as svp of global sync licensing, he led a team working on creative, licensing and biz development for a roster including Passenger, St Lucia and Vacations. Prior to NMG, Granat worked with companies ranging from BMG, Chrysalis and Warner Chappell Music, among others. “I’m beyond thrilled to welcome Jon to the company,” said Joel Dean, a founding partner of JDM Music + Sound. “His wealth of experience across the music industry will be invaluable to bringing opportunities to the JDM catalog and our roster of composers.”
BMI veteran MaryAnn Keen was promoted to director of creative in the PROs Nashville office. Keen joined BMI in 2016 and was most recently the creative associate director, instrumental in scouting and signing new songwriters and coordinating event, such as the Key West Songwriters Festival. She has gained experience working with emerging writers and established hitmakers including Heath Warren, Mackenzie Carpenter and Brett Tyler, among others. Keen will continue to report to BMI’s Leslie Roberts, AVP of Creative Nashville.
Believe elevated Kristof Jansen to vp of Groove Attack, the digital firm’s rap and hip-hop brand in Germany. Approaching ten years at the company, Jansen most recently served as director of repertoire development for A&R at both Believe and Groove Attack. He’ll work out of the Cologne office and continue to report to Thorsten Freese, GM of Believe Germany.
Musicians on Call, a non-profit that brings music to the bedsides of patients, promoted six key staffers: Nicole Rivera to vp of programs, Sara Kolodziejczak to vp of development, Tarah Duarte to senior manager of strategic partnerships, Alli Prestby to creative manager, and Audrey Jadwisiak and Orenda Senior to program manager. “These team members have excelled in their roles and significantly improved the foundation of Musicians On Call. Our programs and national brand, along with the overall health of our organization, have all benefited from their leadership, creativity and ingenuity,” said MOC CEO Pete Griffin.
ICYMI:
Merck and Louis.
Universal Music Group honcho Lucian Grainge put Monte Lipman and John Janick in charge of a restructured label model that rejiggers its web of frontline labels to align them under two main companies … Utopia Music co-founder Mattias Hjelmstedt exited the company … Hipgnosis founder Merck Mercuriadis (pictured) is stepping down as CEO of Hipgnosis Song Management … Kris Lamb is elevated to evp and GM of Big Machine Records … which is part of Big Machine Label Group, which promoted Mike Rittberg to COO and Clay Hunnicutt rising to evp of label operations.
Last Week’s Turntable: All Songs Host Considered, Accepted
LONDON — Mattias Hjelmstedt, the co-founder and former head of Utopia Music, has exited the company following a shake-up of the Swiss-based firm’s executive ranks earlier this year.
Hjelmstedt departure from Utopia was announced in a memo to staff on Thursday (Feb. 1) sent by recently appointed CEO Michael Stebler and the board of directors.
The memo, which has been viewed by Billboard, states that Hjelmstedt handed in his resignation after “long discussions” with board members because he wanted to dedicate more time towards pursuing “new projects and challenges.”
“The board and I are, as I’m sure you are too, extremely grateful to Mattias for creating and running this amazing company for significant periods of time,” Stebler, who represents the majority shareholder group behind Utopia Music, told staff.
Referring to the company’s well-documented past struggles, which included multiple rounds of job cuts, company divestments and ongoing legal actions, Stebler said he was grateful for the “tough but necessary decisions” that Hjelmstedt began implementing in late 2022.
“I can say with absolute certainty that this was necessary for the company’s survival,” said Stebler, who has been at the helm of Utopia Music since mid-January.
In the memo, Hjelmstedt said the decision to step down from his roles with Utopia “was not taken lightly, but it comes with a deep belief that it’s the right thing to do.”
He went on to say that he firmly believed the company “will continue to grow and succeed” said the new management team means that the firm, which is headquartered in the Swiss-town of Zug, is “in capable hands.”
“As I move forward, I am excited to see how Utopia will evolve and I am cheering you all on, as I will always be one of Utopia’s biggest fans,” the co-founder told staff.
Swedish entrepreneur Hjelmstedt co-founded Utopia Music in 2016 with Thomas Gullberg and led the company through a period of intense hyper-growth between 2020 and 2022 when it rapidly bought up 15 companies.
Acquisitions in that time included music tech company Musimap; Lyric Financial, a Nashville-based provider of royalty-backed cash advances; and Proper Music Group, the United Kingdom’s leading independent physical music distributor, which provides distribution services for over 5,800 indie labels and service companies.
A just-as-quick downsizing swiftly followed, beginning with the axing of around 230 jobs in late 2022 and the subsequent offloading of three of Utopia’s businesses — Absolute Label Services, U.S.-based music database platform ROSTR and U.K.-based publisher Sentric.
During this rocky period, Hjelmstedt served as interim chief executive — taking over from Markku Mäkeläinen — and stayed at the helm of the company up until the appointment of Alain Couttolenc as chief exec last October. (Couttolenc switched roles to deputy CEO earlier this year when Stebler was appointed to the top job).
More recently, Hjelmstedt held the post of Utopia executive’s chairman and, since December, served as a member of the board.
The company he co-founded and which counts the United Kingdom and United States among its biggest revenue markets provides music companies with a range of financial and tech product services, including royalty tracking and processing, as well as its core U.K. physical distribution business operated through Proper Music Group and Utopia Distribution Services (formerly Cinram Novum). The latter’s clients include Universal Music Group, Sony Music Entertainment and [PIAS].
Speaking to Billboard in January in a rare interview, Hjelmstedt said the ethos behind Utopia Music, whose motto is “Fair pay for every play,” has always been to use technology to help artists, creators and rights holders receive higher returns.
“We have never been about disrupting or taking over the industry,” said Hjelmstedt. “It’s always been about helping the industry be better and grow.
Merck Mercuriadis will step down as chief executive officer of catalog investment advisor Hipgnosis Song Management, the company announced on Friday (Feb. 2). The executive, who spent years managing the careers of artists like Elton John, Beyoncé and Guns N’ Roses before launching Hipgnosis, will transition to a newly created chairman role and will continue to “lead engagement” with industry stakeholders on behalf of the business, it said.
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Taking on the CEO role will be Ben Katovsky, HSM’s president and chief operating officer since joining the company in October 2022. He boasts almost two decades of experience in the music industry, most recently in a seven-year tenure as chief operating officer at BMG.
“One of our most important goals has been to bring an institutional rigor to Hipgnosis Song Management,” Mercuriadis said. “Over the last 16 months, Ben has done an amazing job building the team and HSM’s capabilities to deliver the best possible service to our clients and I’m certain this appointment makes us stronger.”
Added Katovsky, “I am proud to be asked to lead HSM through its next chapter, building on all Merck has achieved. In my time in the music industry I haven’t come across anyone who can match his rapport and relationships with songwriters and artists.”
Hipgnosis Song Management is the investment advisor for Hipgnosis Songs Fund, the publicly-listed royalty fund with a catalog that includes stakes in songs by Neil Young, Justin Bieber, Journey, Lindsey Buckingham, Blondie, Justin Timberlake and many other artists and writers. HSF capped a turbulent 2023 by lowering the value of its catalog following what new board chair Robert Naylor described to investors as a strained relationship with the Mercuriadis-led HSM over the catalog’s value.
A third Hipgnosis, Hipgnosis Songs Capital, is a joint venture between HSF and investment giant Blackstone. It is wrapped in a proposal to acquire 29 catalogs for $440 million to help the public fund reduce its debt and improve its share price.
In January, the public fund’s board of directors leveled several complaints against its namesake advisor, calling into question its ability to field competitive bids for its trove of assets. A main sticking point is the investment advisor’s call option — a right to purchase the company’s catalogs if its contract is terminated with less than 12 months’ notice, among other scenarios — which the board contends harms the fund’s ability to receive competitive bids.
The fund’s board wants to make the bidding process more attractive and on Jan. 18 announced a proposal to pay bidders a 20-million-pound ($25.4 million) fee to cover due diligence and acquisition costs when they pursue a purchase of HSFs assets. Shareholders will vote Feb. 7 on that proposal.
HSM said in its announcement that it has sought approval from the fund for the management transition.
In further comment, Katovsky praised HSM’s two clients — HSF and HSC — for their “vision, ambition and on-going commitment to grow music as an asset class through HSM,” and said he hoped to collaborate well with the fund’s board going forward.
“I particularly hope we will be able to work constructively with the Board of Hipgnosis Songs Fund Ltd, as I believe that HSM is best able to deliver value for their shareholders whether they decide the Company has a future as a long-term operation or wish to pursue the sale of assets following their strategic review,” he said.
Added Mercuriadis, “Having invested almost $3 billion on behalf of our clients in extraordinarily successful songs we are at an important juncture in our development where the services we provide to our clients are of paramount importance. Our commitment remains stronger than ever. We look forward to continuing our work with songwriters and the creative community to create the greatest possible opportunities from the iconic and culturally important Songs which we manage on behalf of HSM’s clients.”
Nearly 300 artists, songwriters, actors and other creators are voicing support for a new bipartisan Congressional bill that would regulate the use of artificial intelligence for cloning voices and likenesses via a new print ad running in USA Today on Friday (Feb. 2).
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The bill — dubbed the No Artificial Intelligence Fake Replicas And Unauthorized Duplications Act (“No AI FRAUD” Act) and introduced in the U.S. House on Jan. 10 — would establish a federal framework for protecting voices and likenesses in the age of AI.
Placed by the Human Artistry Campaign, the ad features such bold-faced names as 21 Savage, Bette Midler, Cardi B & Offset, Chuck D, Common, Gloria Estefan, Jason Isbell, the estate of Johnny Cash, Kelsea Ballerini, Lainey Wilson, Lauren Daigle, Lamb of God, Mary J. Blige, Missy Elliott, Nicki Minaj, Questlove, Reba McEntire, Sheryl Crow, Smokey Robinson, the estate of Tomy Petty, Trisha Yearwood and Vince Gill.
“The No AI FRAUD Act would defend your fundamental human right to your voice & likeness, protecting everyone from nonconsensual deepfakes,” the ad reads. “Protect your individuality. Support HR 6943.”
The Human Artistry Campaign is a coalition of music industry organizations that in March 2023 released a series of seven core principles regarding artificial intelligence. They include ensuring that AI developers acquire licenses for artistic works used in developing and training AI models, as well as that governments refrain from creating “new copyright or other IP exemptions that allow AI developers to exploit creators without permission or compensation.”
In addition to musical artists, the USA Today ad also bears the names of actors such as Bradley Cooper, Clark Gregg, Debra Messing, F. Murray Abraham, Fran Drescher, Laura Dern, Kevin Bacon, Kyra Sedgwick, Kristen Bell, Kiefer Sutherland, Julianna Margulies and Rosario Dawson.
The No AI FRAUD Act was introduced by Rep. María Elvira Salazar (R-FL) alongside Reps. Madeleine Dean (D-PA), Nathaniel Moran (R-TX), Joe Morelle (D-NY) and Rob Wittman (R-VA). The bill is said to be based upon the Senate discussion draft Nurture Originals, Foster Art, and Keep Entertainment Safe Act (“NO FAKES” Act), which was unveiled in October.
“It’s time for bad actors using AI to face the music,” said Rep. Salazar in a statement at the time the legislation was announced. “This bill plugs a hole in the law and gives artists and U.S. citizens the power to protect their rights, their creative work, and their fundamental individuality online.”
Spurred in part by recent incidents including the viral “fake Drake” track “Heart On My Sleeve,” the No AI FRAUD Act would establish a federal standard barring the use of AI to copy the voices and likenesses of public figures without consent. As it stands, an artist’s voice, image or likeness is typically covered by “right of publicity” laws that protect them from commercial exploitation without authorization, but those laws vary state by state.
The bill was introduced on the same day a similar piece of legislation — the Ensuring Likeness Voice and Image Security (ELVIS) Act — was unveiled in Tennessee by Governor Bill Lee. That bill would update the state’s Protection of Personal Rights law “to include protections for songwriters, performers, and music industry professionals’ voice from the misuse of artificial intelligence (AI),” according to a press release.
Since its unveiling, the No AI Fraud Act has received support from a range of music companies and organizations including the Recording Industry Association of America (RIAA), Universal Music Group, the National Music Publishers’ Assocation (NMPA), the Recording Academy, SoundExchange, the American Association of Independent Music (A2IM) and the Latin Recording Academy.
You can view the full ad below.
Two days after Universal Music Group (UMG) announced it would likely pull its music catalog from TikTok over a licensing dispute, indie publishing giant Primary Wave Music has come out in support of the company’s decision.
In a statement released Thursday (Feb. 1), Primary Wave, led by founder/CEO Larry Mestel, said it applauds UMG “for standing up to TikTok and its blatant disregard for artists and songwriters” while blasting TikTok’s response to UMG’s decision, which UMG announced in an open letter addressed to its artists and songwriters on Tuesday (Jan. 30).
“The notion that TikTok would try to rationalize willfully underpaying artists because, the platform says, it offers artists ‘promotion’ is a decades-old canard that has no place in any modern music business,” the Primary Wave statement continues. “Artists and songwriters need to be compensated appropriately for their work and protected from unethical uses of AI. Period. We’re proud to stand alongside UMG and the artist advocates that have called upon TikTok to appropriately pay and protect the songwriters and artists who are critical to the growth and cultural relevance of the platform.”
Primary Wave represents multiple artists and estates with deals with UMG, including Olivia Newton John and Bob Marley.
In UMG’s open letter, the company — which boasts such superstars as Taylor Swift, BTS, Drake and The Weeknd on its roster — announced that all UMG music would be removed from TikTok after its current licensing deal expired Thursday (Jan. 31) while citing deep disagreements over artist compensation, artificial intelligence, TikTok’s alleged failure to combat infringing musical works and user safety. It also accused TikTok of attempting to “bully” UMG “into accepting a deal worth less than the previous deal, far less than fair market value and not reflective of their exponential growth” by threatening to selectively remove the music of some of UMG’s developing artists.
Just hours later, TikTok responded by accusing UMG of putting “greed above the interests of their artists and songwriters” while slamming what it called UMG’s “false narrative and rhetoric…the fact is they have chosen to walk away from the powerful support of a platform with well over a billion users that serves as a free promotional and discovery vehicle for their talent.”
On Thursday (Feb. 1), UMG responded to TikTok by saying the platform’s own statement “perfectly sums up its woefully outdated view: Even though TikTok (formerly Musical.ly) has built one of the world’s largest and most valuable social media platforms off the backs of artists and songwriters, TikTok still argues that artists should be grateful for the ‘free promotion’ and that music companies are ‘greedy’ for expecting them to simply compensate artists and songwriters appropriately, and on similar levels as other social media platforms currently do.”
UMG’s catalog began disappearing from TikTok on Thursday.
Clive Davis introduced nine-time 2024 Grammy nominee SZA to present the Clive Davis Visionary Award to her manager and label heads, Top Dawg Entertainment president Terrence “Punch” Henderson and Anthony “Top Dawg” Tiffith, at Billboard’s 2024 Power 100 event last night (Jan. 31).
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The star-studded event bringing together the most influential and powerful figures in music was held at Neuehouse in Hollywood, where the legendary record executive Davis took the time to outline the successes and exploits of Tiffith and Henderson since the launch of TDE in 2004.
“Throughout my career, I’ve always had the great fortune of working with truly remarkable producers who created hits and helped shape the careers of some of the biggest and brightest stars in music,” Davis said. “The executives we are honoring tonight, their names are Anthony Tiffith and Terrence Henderson; you know them as Top Dawg and Punch. They without question share the gift of all those outstanding producers who have made their mark on music history.”
Davis then turned his speech to SZA, whom he called “one of today’s most exciting music artists,” and ran through a number of the accomplishments she has racked up in the past year. “SZA’s latest acclaimed album, we all know, S.O.S., has earned a whopping nine 2024 Grammy nominations, the most of any artist this year, and it includes album of the year, record of the year, song of the year, best progressive R&B album and best R&B song,” he said. “S.O.S. was No. 1 for 10 weeks on the Billboard 200, and — this is amazing — all 23 of the album’s tracks charted on the Billboard Hot 100, with five top 10s.”
He then introduced SZA, who gave a speech that lauded Punch and Top Dawg for their vision in believing in her since the very beginning of her career.
“I was just talking to Punch the other day about how much vision he had to have to see what he saw in me with no credentials,” she said. “I really was looking insane and behaving insane and refused writers and all these things, and he believed in me. People would come to him and tell him he should change how I look, or I should be doing these kind of beats or working with these writers, and he didn’t change a single thing about me. He completely believed and constantly told me that I was the greatest, which I thought was ridiculous, and I was so grateful for his delusion. You know, Top literally also somehow had this belief in me, and I was nothing like any of my family members in TDE, I didn’t come from the same place, I was just a different type of person, and no matter how many times we would have conversations that differed, he would fight to understand me.”
She then introduced Punch and Top Dawg to speak. The latter kept it short — “You know me, I’m behind the scenes all the time; I’m like SZA, I don’t like all these cameras and the limelight,” he said — before turning it over to Punch.
“When you think about a visionary, you have to have foresight. And coming from where we come from — we both come from the Nickerson Garden projects — you have to have vision, you have to have foresight. And usually you don’t; you can’t see past your circumstances, or even see past what’s right in front of you,” he said. “So from there, we went on to be 20 years in in this business. That takes a razor-sharp vision, for sure. Even to help different artists, like a young girl from the suburbs of Maplewood, New Jersey, to reach the top of the pop charts, that’s crazy, and that also takes vision. So to the visionaries, keep seeing things with your eyes closed, and see it through.”
Find the full 2024 Billboard Power 100 list here.
SiriusXM added 131,000 self-pay subscribers in the fourth quarter and beat its full-year guidance for earnings and free cash flow while only slightly missing its revenue goal, the company announced Thursday (Feb. 1). The satellite radio giant lost 445,000 self-pay subscribers for the full year, however.
Full-year revenue declined 0.6% to $8.95 billion, slightly below last quarter’s guidance of $9 billion. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) declined 2% to $2.8 billion, coming in a little above guidance of $2.75 billion. Free cash flow of $1.2 billion was down about 23% but beat guidance by $50 million.
SiriusXM, built on a satellite radio service favored by older consumers, is in re-building mode. The company launched a new app in November and a $9.99-per-month streaming-only subscription service aimed at younger audiences who don’t listen primarily in their cars. The app houses Sirius’ 400-plus channels in addition to an audio library and a growing stable of podcast content that includes such brands as Smartless, which earlier this week left Amazon’s Wondery after striking a $100 million deal with SiriusXM, and Conan O’Brien’s Team Coco, which SiriusXM acquired in 2022.
The strategy isn’t likely to produce results this year, though. “While early indications are showing signs of positive impacts of our business investments, it will take time for these to fully reflect in our subscriber and financial metrics,” said CEO Jennifer Witz during Thursday’s earnings call.
While SiriusXM expects “roughly level” subscriber numbers in 2024, new streaming-only subscribers pay less than satellite radio subscribers and will result in a lower average revenue per user. Those factors, along with an advertising market Witz called “uncertain,” leads the company to expect two of its key financial metrics to fall in 2024. Full-year revenue guidance of $8.75 billion would be a 2.2% decline from $8.95 billion in 2023, while adjusted EBITDA guidance of $2.7 billion would mark a 3.3% year-over-year decline. Free cash flow is expected to remain at $1.2 billion.
Investors appeared to have baked the rebuild process into their forecasts and did not react negatively to Thursday’s earnings results. Shares of SiriusXM rose as much as 5.1% on Thursday morning and closed at $5.23, up 2.8%.
SiriusXM’s satellite radio service generated full-year revenue of $6.8 billion, down 1% year over year. Self-pay subscribers grew 131,000 in the fourth quarter after falling 96,000 in the third quarter. For the full year, self-pay subscribers fell by 445,000 to approximately 34 million. Paid promotional subscribers dropped by 225,000 in the fourth quarter but increased by 15,000 for the full year.
Pandora revenue increased 1% to $1.6 billion, while its subscribers fell 3% to 6.0 million, down from 6.2 million at the end of 2022. The music streaming service finished the year with 46.0 million monthly active users, down 3.4% from 47.6 million in the prior-year period. Total ad-supported listener hours of 10.48 billion in 2023 was down 4% from 10.88 billion in 2022. Pandora’s gross profit dipped 3% to $638 million.
SiriusXM laid off 8% of its staff in March 2023, which resulted in approximately $140 million in cost savings, CFO Tom Barry said on Thursday. This year, the company is targeting nearly $200 million in additional savings, he added, that will be “reinvested” in “more targeted and more performance-oriented marketing on the streaming side.”
SiriusXM’s full-year 2023 financial metrics
Total revenue of $8.95 billion, down 0.6%.
Adjusted EBITDA of $2.8 billion, down 2%.
Free cash flow of $1.2 billion, down 23%.
SiriusXM revenue of $6.8 billion, down 1%.
Pandora revenue of $1.6 billion, up 1%.
SiriusXM satellite radio self-pay subscribers of 34 million.
Pandora subscribers of 6 million.
The rock band Sublime has filed a legal malpractice lawsuit against the prominent music law firm King Holmes Paterno & Soriano LLP, accusing its former attorneys of a “pattern of self-dealing” that was rife with conflicts of interest.
In a complaint filed last week in Los Angeles court, Sublime claims that Howard King, Peter Paterno and Joseph M. Carlone committed a wide range of malpractice while representing the band, including brokering a merchandise deal with one of the firm’s other clients that the band alleges cost it millions of dollars.
The lawsuit claims that King Holmes — a storied music industry law firm with a star-studded list of clients — “failed in their ethical, fiduciary, and lawyerly obligations to protect the interests of their clients.”
“Behind their façade as music industry power brokers, KHPS’ number one priority was not their client Sublime’s legal and business goals, but rather KHPS’ own financial and business interests,” the band’s new attorneys write. “Despite holding themselves out to the public as highly experienced in the business side of music, … defendants engaged in a pattern of self-dealing that was rife with potential and actual, conflicts of interest.”
When reached for comment on the allegations Thursday, Howard King told Billboard simply: “Welcome to Fantasyland. Please enjoy the ride.”
The case was filed by Sublime’s surviving members, Eric Wilson and Bud Gaugh, as well as by the widow and son of Bradley Nowell, Sublime’s original lead singer who died of a drug overdose in 1996. The band’s corporate entities — Sublime Merchandising LLC and Jake And Troy Brand LLC — were also named as plaintiffs.
King Holmes Paterno & Soriano touts an eye-popping list of music industry clients, from Dr. Dre to Pharrell Williams to Blink-182 to the Tupac Shakur estate. King famously represented Williams and Robin Thicke in the “Blurred Lines” copyright case; Paterno represented Metallica in its legal battles against Napster over internet piracy.
But in its complaint, Sublime accuses King Holmes of “playing both sides” on multiple occasions. In one instance, the firm allegedly failed to disclose that it was representing both the band and former manager Dave Kaplan on the same transaction, even though the two sides had “adverse interests” in the deal. In another, the band claims that King Holmes steered the band into a merchandise deal without disclosing that the company was another one of the firm’s clients.
“Instead of negotiating the most lucrative terms for Sublime on the open market among multiple potential merchandising vendors, KHPS participated in self-dealing,” the band wrote. “KHPS misadvised SUBLIME which resulted in SUBLIME entering into an agreement with FEA, which triggered far less lucrative terms and merchandising royalties than Sublime would have otherwise gotten if they had been taken to the open market at that time.”
In another incident, Sublime claims that Paterno and Carlone failed to disclose that they had negotiated producer credits and fees for themselves on a documentary about the band, allegedly creating another undisclosed conflict of interest.
“Sublime never requested that Paterno make himself a producer, nor Carlone make himself a co producer on the documentary,” the lawsuit reads. “Paterno not only covertly insisted on and obtained this producer title and hefty sum of money, but he then shockingly billed SUBLIME thousands upon thousands of dollars in legal bills for time spent negotiating and obtaining the terms of his producer credit and fee.”
Republic Records‘ CEO and COO Monte and Avery Lipman accepted the award for the label of the year at Billboard‘s Power 100 event last night (Jan. 31) in Los Angeles. The award was presented by Noah Kahan, who recalled being signed to the label nine years ago when he was, he recalled, “a kid with […]