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Spotify has once again shocked the songwriting community by attempting to use a legal loophole to find a new way to pay them less.
Music creators had enjoyed a relative period of peace with Spotify since songwriters and music publishers struck a deal with digital services in 2022 to raise royalty rates over the next five years. Unfortunately, the streaming giant is now perverting that agreement by using audiobooks to redefine and reduce how much they pay songwriters – the tune of hundreds of millions of dollars. By unilaterally adding audiobooks to their premium music standalone service, they are now classifying that music service as a ‘bundle’ which means they can attempt to pay royalties under a different definition. In a single year this could cost songwriters an estimated $150 million.
Whether or not they can get away with this is still in question.
Record labels, who are in a free market, have immediate recourse against such underhanded tactics. They are not under a compulsory license like songwriters, and they have the freedom to negotiate directly with streaming services like Spotify. Crucially, this means if they don’t like the way their royalties are affected by Spotify’s bundling strategy, they can say no.
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Unfortunately, songwriters and music publishers cannot. They must go to court every five years and are at the mercy of three judges to interpret Spotify’s routing of the rules.
Spotify first aggressively came for songwriters in 2018. We had achieved a 44% raise in the headline rate for mechanical streaming royalties at the Copyright Royalty Board (CRB) – raising rates from 10.5% to 15.1% of revenue. In an unprecedented move, Spotify launched an appeal of that decision, sending us into a half-decade legal odyssey which ultimately resulted in the upholding of our headline rate increase as well as a few new changes.
Fast forward to 2022. Having lost their appeal in regard to the headline rate, the streaming services came to the table to negotiate the next five-year period.
To avoid repeating another era of uncertainty, and to ensure rates and terms improved, we agreed to a deal with Spotify, Amazon, Apple, Google, and Pandora to cover 2023-2027 which included a phased-in headline rate increase. Critically, it also included strengthening bundle definitions by ensuring that services were no longer able to attribute all parts of revenue to other non-music offerings in the bundle. However, the court prevented us from doing away with bundle definitions altogether because when a service pays under the bundle definition, they pay at a discount since music is only part of the offering.
Only recently, when reporting of royalties by Spotify sharply decreased in the middle of a CRB rate period, were we alerted to the fact that Spotify was reinterpreting the new bundle rules to manipulate their payments. However, calling Spotify’s premium service a bundle is dishonest.
After raising prices last year, there was great hope that Spotify would better align pricing with market value and songwriters would see the benefits resulting from the deal we agreed to in 2022 which ensures that when prices go up, so do their royalties.
Only in Spotify’s world would a price hike for users mean a lower royalty rate for songwriters.
As we look to the next CRB trial, where we will again face the largest tech companies in the world, we had hoped to approach it as business partners, bolstered by several years of collaboration. This development has shattered that potential as Spotify has returned to attacking the very songwriters who make its business possible – and worse, they’re doing it through a dishonest work-around.
Bundles were conceived to apply when two standalone products were combined to incentivize new users and grow the paying consumer base. What Spotify has done is act as if audiobooks are a new, separate service, when they are in fact the exact same premium streaming option to which millions of users are already subscribed.
In fact, in a bombshell last week, it was found that if you can even find where to sign up for the audiobook-only option, the first question Spotify asks you is who your favorite performing artists are – exactly like onboarding a music-only subscriber. It then offers you all of the music on its platform on-demand.
We will not stand for their misinterpretation of bundles as precisely defined in our settlement. If allowed to abuse the statutory formula in this way, it will pave the way for other services to do the same.
That’s why several serious actions are in process. Last week, the Mechanical Licensing Collective (MLC) sued Spotify for improperly reporting its usage – a.k.a. underpaying songwriters by labeling their services as a bundle.
As the MLC states in its complaint, “Spotify informs potential Audiobook Access subscribers that, unlike Premium subscribers, they will not have access to unlimited, ad-free, on-demand music. But in rolling out its Audiobooks Access plan, Spotify neglected to create a different product.”
Separately, NMPA also sent a demand letter to the streaming giant for its unlicensed use of musical works in its lyrics, videos, and podcasts. We also specifically warned Spotify about its rumored “remix” feature which would allow subscribers to “speed up, mash up, and otherwise edit” songs to create derivative works.
In addition to these legal challenges, soon we will unveil a legislative proposal to permanently fix the power imbalance songwriters face by being subject to a compulsory license for their songs.
Spotify’s cynical, and potentially unlawful, move should make all songwriters and artists question their relationship with the service. The strategy to rebrand music as a “bundle” further devalues their art and amounts to a complete betrayal.
David Israelite is the president and CEO of the National Music Publishers’ Association (NMPA). Founded in 1917, NMPA is the trade association representing all American music publishers and their songwriting partners.
Anti Social Camp is returning to New York City this summer, featuring a roster of over 200 artists, writers and producers. Perhaps the largest annual songwriting camp in the world, Anti Social Camp is a five day camp and festival, and this year, it will host artists like Jacob Collier, Alec Benjamin, Miranda Lambert and Rob Thomas.
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The team at Anti Social Camp hope to offer a more inclusive approach to the concept of a writing camp, which are typically private affairs tailored to the needs of one artist or project. Anti Social, by contrast, is a front-facing event that celebrates New York’s music scene.
In recent years, many of New York’s top talents have dispersed to other creative hubs, like Los Angeles, Nashville, and Austin, and to help grow local opportunities, Anti Social Camp is part of a larger effort each June to celebrate New York Music Month.
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“We want to put a spotlight on New York as a music capital of the world,” says Anti Social Camp Founder Danny Ross. “Artists are going to walk away with new hit records, access to key industry players, and new collaborators who will be influential in their careers far past the six days of Anti Social Camp. We’re making a real impact on creators and the New York music scene. What else can we ask for?”
That same month, the Big Apple will play host to a bevy of music industry events, including the Songwriters Hall of Fame, American Association of Independent Music (A2IM)’s Indie week conference, the Libera Awards, Association of Independent Music Publishers (AIMP) Annual Meeting, the National Music Publishing Association (NMPA) annual meeting, and more.
Anti Social Camp
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Anti Social Camp is supported by New York City council member Carlina Rivera, chair of the committee on cultural affairs and libraries, who says “New York City is a beacon of creativity and the return and impact of Anti Social Camp demonstrates our city’s role as the music capital of the world. The music sector has an outsized economic output of over $20 billion and contributes to the vibrancy that makes our city one of a kind.”
The camp is continuing last year’s traditions and adding in new ones. This year, the camp will once again put together a compilation album of music created at the event, released with the help of Amuse. It will also be adding a new Anti Social ICON Award at this year’s opening ceremony. This year’s inaugural pick is multi-hyphenate musician Jacob Collier.
Other artists include: Lawrence, MICHELLE, Rosa Linn, Rachel Grae, Overcoats, Thutmose, Tim Atlas, Jukebox The Ghost, 41, Joe West, Kamino, Meryll, Riell, Chandler Leighton, Marian Hill, Ant Saunders, Morgxn, Kevian Kraemer, CID, Public Library Commute, Verite, Kidd Kenn, The Happy Fits, Haiden Henderson, Jared Benjamin, Zoe Ko, Madalen Duke, Jillian Rossi, Dezi, Norma Jean Martine and more. Platinum writers/producers include Doug Schadt (Maggie Rogers, Claire Rosinkranz), Andrew Maury (Shawn Mendes, Lizzo), Idarose (Joji, Becky G), Noise Club (Hailee Steinfeld, Tate McRae), Brent Kolatalo (Ariana Grande, Lana Del Rey), Chelsea Balan (AJ Mitchell, lilyisthatyou), Ebonie Smith (Janelle Monae, Cardi B) and hundreds more.
Partners include: Title Partner Grayson Music; Presenting Partners Amuse, TIDAL, SoundExchange, DistroKid, Audio Technica and SESAC, The New York City Mayor’s Office of Media + Entertainment, SNGL, Ilegal Mezcal, YouTube Songwriters, Sound Royalties, Cloud Microphones, The Orchard, ONErpm The MLC, BMI, Amazon Music, Samply, Audiomovers, Topo Chico, Spotify; and Contributing Partners The Perfect Wines, ASCAP, Twitch, Groover, Duvel, Recording Academy New York Chapter, Jammaround, Bandsintown and New York City Tourism + Conventions.
Nearly 50 years after being forced to close its doors in 1975, venerable label Stax Records became a Grammy winner once again in 2024. During the 66th annual Grammy Awards in February, the golden gramophones for best album notes and best historical album were awarded to the seven-disc box set Written In Their Soul: The Stax Songwriter Demos.
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Now in further testament to the gifted artists, songwriters, producers, musicians and engineers behind the label’s treasured catalog — and the team of dedicated and persevering executives helming operations behind the scenes — comes Stax: Soulsville U.S.A. Produced and directed by Jamila Wignot, the HBO Original documentary series premieres tonight (May 20, 9 p.m.-10 p.m. ET/PT) with two back-to-back episodes. The final two episodes will air tomorrow (May 21) in the same time slot. The series is a production of Laylow Pictures and White Horse Pictures in association with Concord Originals, Polygram Entertainment and Warner Music Entertainment.
The four-part series tells the story of the family-owned Memphis label, founded by Jim Stewart in 1957 and co-owned by his sister Estelle Axton, whose color-blind approach to music turned a deaf ear to the prevailing segregation of the times. The result? Music that hurdled racial barriers to become mainstream classics by artists such as Otis Redding ([Sittin’ On] the Dock of the Bay”), Isaac Hayes (“Theme from Shaft”), Sam & Dave (“Soul Man”) and Booker T. & the MG’s (“Green Onions”).
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In relaying its story, Stax: Soulsville U.S.A. integrates restored and remastered archival performance footage and interviews with the creatives and executives who helped shape the label’s musical and cultural impact amid its business highs and lows. Stewart and Axton, former Stax president and owner Al Bell, guitarist Steve Cropper, musician/songwriter David Porter, singer-songwriter Carla Thomas and Bar-Kays members James Alexander and Willie Hall are just a few of those recalling their experiences in Soulsville.
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In advance of the documentary’s HBO premiere, director Wignot and former Stax director of publicity Deanie Parker (co-writer of the Grammy-winning notes for Written In Their Soul: The Stax Songwriter Demos) share their reflections about the label’s legacy with Billboard.
Why does Stax still resonate with music fans today?
Parker: Because it’s distinctive. Stax music — a fusion of Negro spirituals and gospel, influenced by white country music and nurtured on the downhome blues of Blacks – was not a sheet music rendition. But rather authentic, heartfelt, cadenced expressions recorded in legendary Studio A. It’s a style of music birthed in our souls and dubbed rhythm and blues (R&B). Stax music is a feeling.
Wignot: Because it’s great art. It gives voice to powerful and universal human themes — love, sorrow, joy, tenacity, freedom. It’s music that’s original. You can feel in it that these were artists who had the determination to make their music their way. They were in search of and achieved honest expressions.
What new revelations does the documentary unveil or is there any mis-information that it corrects?
Wignot: It was my hope that the series would provide a complex and nuanced portrait of the label’s story and of the rich community of artists who comprised that story. I think it will surprise audiences familiar with the likes of Otis Redding, Sam & Dave, Isaac Hayes and The Staple Singers to know just how tenacious the label had to be to achieve the success it did. And how determined it had to be in the face of the powerful forces — industry bias, racism, corporate greed —that stood in the way of its dream, which was a simple one: to make great music and have it reach audiences hungry for that singular sound. The emphasis we place on Stax’s latter chapter, 1968-1975, will illustrate what a profound effect the label had on the industry and the possibilities it created for Black artists.
Parker: The documentary producers’ interviews with Stax Records employees, in first person, expose the depth of the pain and trauma most of us experienced that resulted from the company’s forced bankruptcy. It also validates the joy and happiness of the authors of the hits produced and respected worldwide. The documentary reveals our pride over the music catalog’s longevity and musical influence that continues today, thanks in part to Concord and our Stax Music Academy.
What do you hope fans will remember the most after viewing the documentary?
Parker: I hope music fans will appreciate the value of teaching and preserving a uniquely soulful style of music produced collectively by talented men and women with diverse backgrounds – Black and white. Stax Records happened because we practiced and perfected creating together harmoniously.
Wignot: Stax is a music story. But it’s also a story about what can happen when you refuse to accept limitations imposed upon you by the world. Its tragic ending is made less so by the music that survives and reminds us every day of possibilities.
STAX: Soulsville U.S.A.
Courtesy of HBO
Tencent Music Entertainment (TME) stock rose 15.7% to $15.43 after the release of its first-quarter earnings on Monday (May 13), which showed net profit rising 28% to $212 million as music subscription revenue surpassed $500 million and the company’s subscribers rose by 7 million to 113 million. Online music revenue climbed 43% to $693 million, helping offset a nearly 50% decrease in social entertainment revenues to $244 million.
Numerous analysts upped their price targets for TME this week following the company’s earnings release. Jefferies raised TME to $15.40 from $12.00. Mizuho raised its price target to $15.00 from $13.00. HSBC also raised TME to $15.00 from $13.00.
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Another Chinese music streaming company, Cloud Music, jumped 11.7% to 105.00 HKD this week after it announced a licensing deal with Kakao Entertainment for distribution in China. Kakao has over 50 “star” artists and 70,000 tracks, according to a press release announcing the pact. Cloud Music has not announced a date for its first-quarter earnings release.
Shares of TME have risen 97.6% over the last 52 weeks and gained 71.3% in 2024. The company (which trades on the NYSE and Hong Kong Stock Exchange) and Cloud Music (which trades on the Hong Kong Stock Exchange) are part of an upswing in Chinese stocks in 2024. After falling in January, the Shanghai Composite Index is up 15.5% since Feb. 2 — far better than the gains of the FTSE 100 (10.6%), S&P 500 (7.0%) and Nasdaq composite (6.8%) over that period.
TME has come a long way since being targeted by government regulators in 2021 for anticompetitive behavior. Its shares traded below $5 for much of 2022 and dropped as low as $3.14 in October of that year.
The 20-company Billboard Global Music Index rose 3.3% to a record 1,847.64, topping the previous high mark of 1,841.66 for the week ended April 5. While there were an equal number of winners and losers, the three top performers had double-digit gains — Cumulus Media was up 18% — while the worst-performing stock, Sphere Entertainment Co., fell 8.1%. Most of the index’s most valuable companies posted gains this week: Spotify increased 2.8% to $302.84, Universal Music Group rose 2.6% to 28.74 euros ($31.31) and Warner Music Group gained 1.3% to $32.04.
Music stocks bested numerous indexes. In the United States, the Nasdaq composite rose 2.1% to 16,685.97 and the S&P 500 gained 1.5% to 5,303.27. In the United Kingdom, the FTSE 100 declined 0.2% to 8,420.26. South Korea’s KOSPI Composite Index dropped 0.1% to 2,724.62.
B. Riley resumed coverage of Reservoir Media on Thursday (May 16) with a “buy” rating and an $11 price target. Reservoir shares rose 0.2% to $8.40 this week. The company will release first-quarter earnings on May 30.
Elsewhere, iHeartMedia dropped 6.2% to $1.21 this week. Guggenheim lowered its price target to $3 from $5 following the radio company’s earnings release on May 9, which prompted the stock to fall 36% last week. While Guggenheim maintained its “buy” rating, it dropped its price target to account for “headwinds at the core broadcast business,” analysts wrote in a May 15 note to investors.
Sphere Entertainment Co. dropped 8.1% to $36.07, bringing its year-to-date gain to 6.1%. The company announced Monday that it bought out the remaining shares of Holoplot GmbH, the German company that provided the 3D audio technology for the Sphere in Las Vegas.
Outside of the Billboard Global Music Index, JYP Entertainment fell 13.4% to 60,000 won ($44.30) following the company’s release of first-quarter earnings after the markets closed on May 10. Revenue increased 15.6% to 136.5 billion won ($100.8 million) but operating profit declined 20% to 33.6 billion won ($24.8 million) and net profit fell 26.3% to 31.4 billion won ($23.2 million). Operating profit and net profit declined due to increases in artist fees, labor costs and commissions at JYP Three Sixty, the company’s businesses that produce merchandise and license artists’ intellectual property.
Another non-index stock, Sony Corp., rose 11.1% to $83.74 following its fiscal fourth-quarter earnings release Tuesday (May 14). Driven by subscription streaming growth and aided by foreign exchange, Sony Music’s yen-denominated revenues jumped 23.5% to $2.85 billion in the quarter and the music division was the parent company’s largest contributor of operating income.
Officials with the Department of Justice’s Antitrust Division plan to sue Live Nation after they wrap up a two-and-a-half-year investigation into the company, according to two high-level sources with knowledge of the matter.
The lawsuit will take aim at Ticketmaster’s use of exclusive venue contracts for its ticketing services, the sources say. Last week, Live Nation officials met with attorneys from the Department of Justice to discuss the case, including DOJ Assistant Attorney Jonathan Kanter, but neither the DOJ nor Live Nation commented on the meeting’s details. There’s no clear timeline on when the DOJ plans to officially close its investigation or file suit, and the two sides could meet again to discuss the case. Both The Wall Street Journal and Politico have previously reported that the DOJ planned to sue Live Nation in published reports earlier this year.
Live Nation officials are continuing to cooperate with the investigation, company president Joe Berchtold indicated on a May 2 earnings call. Based on the issues the DOJ has raised with Live Nation, Berchtold said he believes the lawsuit is related to “specific business practices at Live Nation” and “not the legality of the Live Nation/Ticketmaster merger.”
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That’s both good and bad for Live Nation officials. On the one hand, if the merger isn’t central to the government’s case, then ending the merger and splitting the company up probably isn’t on the table — at least according to Berchtold. Alternatively, if the government believes that the company’s use of exclusive ticketing contracts with venues is monopolistic, it could propose an even harsher penalty.
That’s because politicians like Senator Amy Klobuchar (D-Minn.), who chairs the anti-trust subcommittee in the Senate, have zeroed in on Ticketmaster’s 70-80% market share of the top 100 highest-grossing theaters, arenas and stadiums in North America. Klobuchar has repeatedly said she believes Ticketmaster uses exclusive contracts to lock up market share. In contrast, Ticketmaster attorneys and industry advocates have argued before that the exclusive nature of these contracts benefits venues because it simplifies the ticket-buying process for consumers and generates important revenue for venues that they would not earn without an exclusive agreement.
DOJ officials are also expected to argue that Live Nation has illegally abused its power in the concert business to drive up ticket prices over the last decade, in part through additional fees that can add as much as 30% to ticket prices.
But officials from Ticketmaster, which Live Nation controls, have long argued that artists set their ticket prices, not Ticketmaster, and that only a small percentage of the fees collected above face value go to the ticketing company, with the vast majority of those funds going to venues to help cover the costs of a concert.
The government also bears the burden of proving why its proposed remedies — like forcing Live Nation to sell its stake in Ticketmaster — would benefit consumers.
Simply being named in an antitrust lawsuit filed by Kanter has the potential to significantly damage Live Nation reputationally and financially. A detailed lawsuit against it could galvanize the company’s critics behind a narrative that alleges the concert conglomerate acts monopolistically and abuses its power, undoing the company’s efforts in recent years to improve its image and destigmatize its business model.
A lawsuit will also likely have a negative impact on the company’s share price and serve as a major distraction for Live Nation when it would otherwise be focused on strategic expansion following its most successful fiscal year ever, with revenue up 36% from the previous year and an impressive $1.8 billion in adjusted net income.
Instead, Live Nation may face the full weight of America’s top law enforcement agency, which this year has taken on companies like Apple and Google with market capitalizations that are each 100 times larger than Live Nation’s. While Kanter’s efforts against these companies have been applauded by powerful allies including Senator Amy Klobuchar (D-Minn.), who has vowed to “make antitrust sexy again,” Kanter’s efforts so far have been unsuccessful, with the DOJ losing the bulk of the major antitrust cases it has filed. In December 2022, a judge dismissed the DOJ’s efforts to block a merger between security firms Booze Allen Hamilton and Everwatch as well as mergers between UnitedHealth Group and Change Healthcare, U.S. Sugar Corp and Imperial Sugar, Meta and Within, and Microsoft and Activision.
Kanter also lost a major ruling in the DOJ’s antitrust case against Google earlier this year when a judge struck down a request to bar the tech giant from offering up evidence that activities the government had deemed anti-competitive also had positive qualities that improved the product and generated positive consumer feedback.
“If the government can tip the scales and prevent courts from considering pro-competitive effects, the government could win every case by default,” wrote Sean Heather, a senior vp at the U.S. Chamber of Commerce, in a recent paper on the Google case.
The Google litigation, which deals with ongoing business practices at the company as opposed to a merger, could be a litmus test for a yet-to-be-filed Live Nation suit. In the Google case, the government alleges that the company controls 90% of the online search advertising market by paying out billions of dollars each year to companies like Apple and Samsung to be the default search engine on their computers and smartphones.
While Live Nation officials are confident they can prevail in the looming antitrust case, they will do so with far fewer resources than other companies hauled before the Justice Department in recent years. Live Nation’s market cap currently sits at $22 billion, whereas Google and Apple’s combined market cap is $6.7 trillion, making Live Nation one of the smallest companies in recent decades to be the subject of such a lawsuit.
Live Nation declined to comment for this story. The Department of Justice did not respond to requests for comment.
Canadian musicians who worked with Steve Albini are sharing their admiration.
Albini’s phenomenally prolific career included work on an estimated 2,000 albums, including landmark alt-rock records by Nirvana, Pixies and PJ Harvey. A wide range of notable Canadian artists worked with Albini and were quick to respond with effusive tributes to the Chicago-based studio wizard.
Toronto drummer, composer and author Don Pyle worked with Albini as a member of acclaimed Toronto instrumental bands Shadowy Men on a Shadowy Planet and Phono-Comb. Albini was an admirer of Shadowy Men, even sending them a fan letter that helped prompt the band to hire him for sessions that led to the trio’s second album, 1993’s Sport Fishin’: The Lure of the Bait, The Luck of the Hook.
Albini would later work with Dallas Good and The Sadies on The Sadies’ 2001 album Tremendous Efforts and then its 2006 live album, The Sadies In Concert, Vol. 1, recorded at Lee’s Palace in Toronto (Pyle also assisted on the record). Alongside fellow Shadowy Men member Reid Diamond, Beverly Breckenridge and Good (later of The Sadies fame), Pyle was also in the lineup of Phono-Comb, a Toronto band that recruited Albini to work on its 1996 album, Fresh Gasoline.
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In an interview with Billboard Canada, Pyle confirms that his late friend Dallas “definitely had a warm relationship with Steve. The Sadies recorded with him on two occasions. I know Steve definitely enjoyed the experience around coming up here and doing The Sadies live album. Doing the Phono-Comb album allowed for more social time and friendship to happen with them. Steve definitely respected who Dallas became.”
Acclaimed Guelph post-rock band King Cobb Steelie worked on material with Albini prior to the release of its second album, 1994’s Project Twinkle, which would later be credited to Bill Laswell as producer.
“He stayed at my house for a week and was a very generous and gracious guest,” group frontman Kevan Byrne tells Billboard Canada. “I think we were one of the first sessions he engineered after In Utero. Steve raved about Dave Grohl’s drumming and insisted that our drummer buy new white-coated Ambassador heads. Then he used a heat gun to break them in.”
Toronto hardcore faves Fucked Up offered up a succinct and poignant tribute on X: “rip steve…you hated our band and made fun of us while we were recording at your studio but you stood for something honest and fair in music and tried to make it a better place in everything you did and there will never be another one like you.”
Head to Billboard Canada for more remembrances and Albini tidbits from KEN Mode, Joel Plaskett, Metz and more.
Feist, Allison Russell, Mustafa Shortlisted for 2024 Prism Prize
The Canadian Academy has announced the top 10 Canadian music videos of the year. The videos, selected from a pool of 300 by a jury of music and video production professionals, have been shortlisted for the 2024 Prism Prize. The award comes with a $20,000 prize.
Singer-songwriter Feist, pop-rock group The Beaches, roots artist and Grammy winner Allison Russell, musician and poet Mustafa, and hip-hop duo Snotty Nose Rez Kids (who took home the prize last year, for “Damn Right”) are all amongst the shortlisted nominees.
Since its introduction in 2013, the Prism Prize has been celebrating outstanding work in Canadian music video production. The shortlist is determined by a jury of more than 120 leading figures in Canadian music, film and media arts. In evaluating the music videos, the jury considers elements such as originality, style, creativity, innovation and execution.
Each of the top 10 finalists is also eligible for the fan-voted Audience Award, which comes with a $2,500 CAD prize for the winner.
A celebration of the Class of 2024 will take place in July, featuring a screening of the top 10 videos and the announcement of the winners.
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The 2024 Prism Prize Top 10 (in alphabetical order):
Blame Brett – Artist: The Beaches | Director: Ievy Stamatov
Borrow Trouble – Artist: Feist | Directors: Mary Rozzi, Colby Richardson, Heather Goodchild & Leslie Feist
Demons – Artist: Allison Russell | Director: Ethan Tobman
feral canadian scaredy cat – Artist: young friend | Director: Sterling Larose & Zachary Vague
I’m Good – Artist: Snotty Nose Rez Kids | Director: Sterling Larose
I Wanna Be Your Right Hand – Artist: Nemahsis | Directors: Norman Wong & Amy Gardner
My Mind At Ease – Artist: Dominique Fils-Aimé | Director: Adrian Villagomez
Name of God – Artist & Director: Mustafa
Of Woods And Seas – Artist: Alaskan Tapes | Director: Andrew De Zen
Revenge of the Orchestra (feat. Magugu) – Artist: Apashe | Director: Adrian Villagomez
NASHVILLE — In a keynote interview on the last day of the Music Business Association annual conference, SESAC CEO John Josephson easily sidestepped an early question on what he thought about the seemingly hip-hop-like feud that had recently evolved between ASCAP and BMI, over the latter’s decision to switch to a for-profit model and its subsequent acquisition by a private equity firm. But he wasn’t shy in touting the advantages his company offers songwriters and publishers over the competing U.S. performance rights organizations.
When BMI announced it was switching to a for-profit model and was acquired by New Mountain Capital, ASCAP took to social media reaffirming its commitment to pay out out all revenue it collects — minus overhead — and unlike BMI, not taking any profit.
“I have nothing to add to that conversation,” Josephson said in response to the feud characterization put forth by interviewer, Billboard editor at large Robert Levine.
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Josephson nevertheless acknowledged that it will be interesting to watch BMI’s evolution of its business model, saying it may cause indigestion but he doesn’t think it will have a big impact. Beyond that, he said it will also be notable to see “what will happen to the beef between some of the large publishers and BMI.”
When Levine observed that some rights holders say it is tricky to leave some U.S. PROs, Josephson responded, “The great thing about the U.S. market is people can choose” a PRO.
But when Levine pointed out that it isn’t always easy to leave some PROs, Josephson agreed, pointing that there has been friction in moving from one PRO to another that has even resulted in arbitration. However, at SESAC, “we don’t view our writers and publishers as captives,” he said. “If they want to leave, they are free to go. We win by delivering better service and more money. If you do that, then you don’t have to make it difficult to leave.”
In focusing on SESAC’s future, Josephson said that the company has an infrastructure that serves as an intermediary between rights holders and businesses that want to exploit music and it has been looking for ways to leverage that capability. “We think we can double or triple our market share,” Josephson said.
It has already grown considerably through the acquisitions of 11 different companies, including the Harry Fox Agency, Audiam and Audio Network, within the last decade, he said. It also has a joint venture in Mint Digital Services with the Swiss collective management organization SUISA. All in all, its multi-pronged approach has made SESAC a global company, he added.
Furthermore, he added SESAC currently has a “backlog of 7 or 8 companies” it is talking to now about acquiring. If deals are made, Josephson said SESAC can help such companies “grow at a faster rate than they already have been organically growing,” all of which will deliver “compound growth.
Beyond its PRO, SESAC divides its company into three segments, church music resourses, audio-visual licensing and music services for publishers and labels. Of the latter segment, which includes the aforementioned HFA, MINT, and Audiam, he said. “We are not interested in the long tail. We are interested in small publishers and small labels. Over time we want to broaden services that we offer to those customer groups.”
In turning to church music resources, he said Christian Copyright Licensing International (CCLI) has been “a great business for us.” In fact, he said, it was the “first extension of our business to be global,” with more than 50% of the church licensing occurring outside the U.S. He conceded that licensing to that segment is not without challenges, noting that churches tend to operate on a non-profit business and may expect to pay lower rates, “even though they are multi-million dollar commercial enterprises.”
As for SESAC’s audio-visual segment, he said it is a much bigger” business for the company that it is for ASCAP or BMI.
For the last seven years, SESAC has been majority owned by the giant private equity firm Blackstone, which he says has been a great relationship and a phenomenal capital source.
“They give us a lot of latitude to pursue our vision of where we want to take our business,” Josephson said. “It’s’ not like they tell us what we can do and can’t do. They think about what’s best for the longterm business.”
When interviewer Levine observed that most private equity often invest with the goal of cashing out within five years, Josephson said that the Blackstone fund that invested in SESAC has an investment goal of holding a company for “10-15 years, which is why we were interested in selling to them. They don’t think about what we can do to goose earnings this year,” and instead focus on the long-term.
When Levine expanded to the overall impact that private equity has had on the music business in recent years, Josephson observed that in the past private equity had sometimes disappeared from the music industry equation. But going forward, “as long as interest rates don’t go up further dramatically…private equity’s involvement in the music industry may wax and wane but I don’t think it will disappear.”
It’s time for another spin around the Executive Turntable, Billboard’s comprehensive(ish) compendium of promotions, hirings, exits and firings — and all things in between — across music. We also have a weekly interview series spotlighting a single executive, if that’s your thing. After focus group testing we landed on “Executive of the Week” — find them here.
Ralph W. Peer was named managing director of peermusic UK, based in London. In addition to his new role, Peer will continue directing company initiatives in Australasia, Africa and the Middle East, with his new mouthful title being managing director of U.K. and Australasia and vp of peermusic’s African and Middle East operations. Peermusic UK staff will report directly to Peer, with peermusic Europe president Nigel Elderton continuing to oversee creative and administrative operations throughout Europe. Peer, who is the grandson of late peermusic founder Ralph S. Peer, joined the family business full time in August 2019 as vp for Sub-Saharan Africa and the Middle East but soon added business affairs work in the London office as well. “We remain steadfastly focused on providing our peermusic roster of artists, songwriters, and producers with the very best in executive talent, A&R prowess, sync, and administrative expertise,” said Elderton. “With this move, we know our U.K. office remains in very capable hands as we continue to expand peermusic as the preeminent independent music publishing company throughout Europe.”
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Brendan Anthony joined Big Loud Texas as vice president of the recently launched label. The delicious sounding BLT was founded by Miranda Lambert and Jon Randall in late 2023 in partnership with — you guessed it — Big Loud Records. The Austin-based Anthony will oversee the label’s operations and work closely with Lambert, Randall and the Big Loud brass in Nashville. Prior to joining Big Loud, Anthony spent nearly a decade as director of the Texas Music Office, which guides music policy statewide in close partnership with the governor’s office and other agencies. In 2026, he created the Music Friendly Texas Communities program, which helps connect dozens of cities across the state to encourage economic development of local industry stakeholders. Earlier in his career, Anthony served as head of e-commerce and artist relations for ONELIVE Media. “We’re so proud to have Brendon join us at Big Loud Texas,” shared Lambert. “He is as passionate as we are about the Texas music scene and has knowledge that will benefit artists in so many ways.”
Cumulus Media appointed Travis Daily as vice president of Country, putting him in charge of content for the company’s 55 country stations in the U.S. He replaces Charlie Cook, who departs at the end of the month. Prior to joining Cumulus in Nashville, Daily was program director at Beasley’s WQYK in Tampa and before that spent 17 years in vaulted roles across the Clear Channel/iHeartRadio empire. “When Charlie Cook told me he was departing, I was faced with one of the tougher decisions of my career: who could I trust to lead and represent our vast fleet of important Country stations with the finesse and character that Charlie did? On every front, Travis rises to the demands,” said Brian Philips, chief content officer.
Burr
credit Katie Kauss
The Recording Industry Association of America elevated Erin D. D. Burr to senior vice president of media relations and Matthew Bass to vp of research. Burr joined the RIAA in August 2022 following a nearly 12-year tenure as a communications executive at Big Machine Label Group. In addition to handling press outreach, Burr handles strategy surrounding Gold & Platinum certifications at the music industry lobby group. Bass has spent the last decade at RIAA, where he helps craft the org’s highly researched annual reports. He has also played a major role in modernization efforts across RIAA’s Gold & Platinum program. “Erin and Matt are stars who have already shined so brightly at RIAA and in their new roles will be even more visible and effective,” said RIAA chairman and CEO Mitch Glazier. “As the music community works together to address unprecedented new opportunities and challenges from the meteoric rise of streaming to the current effort to chart a path towards responsible and pro-artist AI, we are all lucky to have Erin and Matt embracing greater responsibilities.” Erin can be reached at eburr@riaa.com while Matthew is at mbass@riaa.com.
BMG promoted Marc Johlen to managing director for operations in Germany, Switzerland and Australia (GSA), the company’s third largest territory after the U.S. and U.K. Johlen joined BMG in 2020 following a tenure at Budde Music to lead the GSA publishing team, which has since signed Robin Schulz, Bunt., Michael Schulte, AVAION and other big names to its roster of writers and producers. Johlen will be based in Berlin and report to Maximilian Kolb, evp of Continental Europe repertoire & marketing. “Marc is a forward-thinking leader with a proven track record in publishing, artist management and career development,” said Kolb. “His global perspective and local expertise make him an ideal fit for this role within our new organizational structure.”
Sony Music Publishing promoted Nasra Artan to the new position of head of international A&R, effective immediately. She’ll work across all of SMP’s A&R teams to build opportunities and drive collaborative initiatives for roster writers. The London-based Artan, who joined Sony in 2022 as European A&R manager, will continue reporting to SMP’s president of international, Guy Henderson. “In addition to her skill set, energy and drive, Nasra approaches the creative world with an open mind, knowing that great songwriters and big songs can come from anywhere,” said Henderson.
Shareholders recently affirmed Utopia Music‘s plan to rebrand as Proper Group, which now intends to move more of its operations from Switzerland to London as the music distribution and tech company eyes a “more focused approach that aligns with its long-term goals.” As a result of the realignment, the company said the “Swiss entity is being right-sized to reduce operational costs,” bringing an undisclosed number of layoffs. “As we step into a new era of growth and technological advancement at Proper Group, I want to express my sincere sorrow that part of our journey involves parting ways with some of our valued colleagues,” said Michael Stebler, who is wrapping up his brief tenure as transitional CEO. The company said it would instead split its focus into two areas, with Drew Hill taking on the role of CEO of Proper Distribution and a TBA executive to lead its Music Tech division.
Nick Spampanato has been promoted from svp of venue operations to chief operation officer of venues for global live leader AEG Presents. The LA-based executive oversees the business and operations for AEG’s 50 owned and operated clubs and theaters, and reports directly to Brent Fedrizzi, AEG Presents President, North American Regional Offices. Spampanato joined AEG in early 2019 following a 10-year tenure at MSG Entertainment, where he rose to svp and oversaw all operation of the legendary Forum arena in Inglewood, Calif. Prior to MSG, Spampanato put in over 17 years in management at venues owned by Live Nation. “His track record speaks for itself,” noted Fedrizzi. “He’s got an institutional knowledge of venue management at every level, from clubs and theatres all the way up to arenas. Nick has a clear vision on how to effectively manage our critical portfolio of owned and operated venues, and how to propel the business forward.”
Former Billboard news director Colin Stutz recently joined Stand Together Music as managing director of artist relations. At his new gig, Stutz is tasked with building a team that will assist and champion artists looking to deliver on ways to push social change. Stand Together Music works alongside music industry stakeholders to co-create custom-fit solutions around societal challenges including criminal justice, addiction recovery, education, free speech and ending the war on drugs. (Stand Together recently partnered with Marcus King to launch a foundation to support sober touring musicians.) “With his wealth of experience and passion for driving social change through music, Colin is a great addition to our team,” said Colette Weintraub, head of Stand Together Music, Sports & Entertainment. “Together, we look forward to empowering artists to make a meaningful impact on the issues that matter most to our society.”
Educational Media Foundation (EMF) CEO Todd Woods has resigned. EMF is the Tennessee-based parent company of Christian radio networks Air1 and K-LOVE. Woods will continue in an advisory role through June, while EMF board chair Tom Stultz takes on the role of interim CEO. Woods joined the company in 2022 and rose to CEO in March 2023.
Universal Music Group promoted Todd Goodwin to senior vp of culture marketing and creative strategy at °1824, the creative and marketing division he launched with the label in 2019. °1824 provides UMG labels with services including content creation, public relations, A&R scouting, brand partnerships, strategic insights and experiential marketing. Additionally, Goodwin’s team produces live-streaming events. Goodwin will remain based at UMG’s Santa Monica office and continue reporting to Michele Anthony, Executive Vice President of Universal Music Group. “Todd has created a best-in-class creative resource as well as a path for the next generation of industry leaders,” Anthony said. “I’m thrilled to announce his promotion and congratulate the 1824 team on all of their accomplishments.”
Elsewhere at UMG, the label group elevated Sanujeet Bhujabal to managing director of Universal Music India and South Asia. Previously the evp of content at the label, Bhujabal will report to Devraj Sanyal, the chairman and CEO of India & South Asia. UMISA also said Viral Jani had been appointed chief revenue officer.
Former Nettwerk Music Group executive Jon Granat and ex-Ipecac Recordings general manager Marc Schapiro launched Auxilium Music, a highly curated and boutique publishing administration company. Auxilium’s inaugural roster since coming into existence earlier this year includes Melvins legend Buzz Osborne, post-metal artist Bryant Clifford Meyer of Isis and Palms, Michael Crain of thrash supergroup Dead Cross and singer-songwriter Fay Wolf, among others. Indie-minded and self-published songwriters/artists itching for a more personalized option for publishing administration can hit up Granat and Schapiro at info@auxiliummusic.com.
TaP Music welcomed veteran artist manager Will Bloomfield to the team as co-president and head of global artist management. He’ll work alongside co-presidents Wendy Ong and Anna Neville, as well as co-founders Ben Mawson and Ed Millett, to oversee all areas of the TaP business (TaP Management, non-profit TaP Futures and TaP2, formerly TaP Sports). Bloomfied spent the last two decades at Modest! Management, where he rose to partner working a stacked roster of talent including One Direction, 5 Seconds of Summer, MNEK and more. (Back when he was eligible, Bloomfield was featured in our 40 Under 40 list.) “Will joins us at a time of great change in the industry and what we believe is an opportunity for managers and artists,” said Mawson and Millett. “TaP’s founding principle of self sufficiency informs our approach to management now more than ever, with a range of specialists across all key areas.”
PULSE Music Group promoted Annie Aberle to senior vp and head of creative. Previously vp of A&R, with a roster including James Blake, Ryan Beatty and Jack Rochon, Aberle’s expanded remit now includes overseeing creative strategy for the company’s roster of writers and producers across its publishing division. Aberle is based at the company’s Los Angeles headquarters and reports directly to co-CEO Scott Cutler and group president Ashley Calhoun. “One of the most essential parts of this job is remaining a fan first—Annie does not lose sight of that,” said Calhoun. “Annie knows how to deliver a strategy for each of our clients that makes them inspired to show up and show out in the studio every day.”
UTA went on a parter promotion spree, elevating two dozen staffers to the lofty title across media, publishing, talent, publishing and other disciplines. In the music division, new partners include Obi Asika, Kevin Gimble, Steve Gordon, Jeffrey Hasson and Matt Meyer. In comedy touring, Doug Edley and Heidi Feigin made the grade. Head over to THR for a full rundown of the promotions.
Music marketing veteran Joe Aboud officially launched consultancy firm 444 Sounds, with a roster including Sony Music, UnitedMasters, Major Recordings and artists such as Jung Kook and Enrique Iglesias. Aboud was most recently vp of marketing and streaming at HITCO, and prior to that worked as a marketing manager at Atlantic Records.
NASHVILLE NOTES: Natalie Kilgore has boomeranged back to Brown Sellers Brown, rejoining the music company as vp of publicity. Kilgore previously held the same role at BSB from 2020 until late 2022, when she joined BBR Music Group to develop its in-house media relations department. BSB is home to two labels, Quartz Hill Records and Stone Country Records … Soft rocker Walter Egan — whose “Magnet and Steel” was a top 10 hit in 1978 — joined Nashville’s Hippie Radio 94.5 to host a show called “Walt’s Record Vault” … Primary Wave Music officially launched Sun Label Group as a biome for legendary labels like Sun Records and Gaither Music, among others. Paul Sizelove will oversee SLG as president, with each of the labels — which also includes Green Hill Music, Rural Rhythm and emeraldwave by Green Hill — retaining their own leadership and organizational teams.
Global Merchandising Services hired veteran executive Lisa Streff as senior vp of licensing & brand development for North America. Founded in 2008, Global works with artists on design, product development, branding, manufacturing, and direct sales of licensed merch. Streff, who was most recently svp of global licensing for UMG’s Epic Rights and Bravado units, will focus on growing the North American licensing programs for Global’s roster of clients.
MNRK Music Group promoted Ian “J.Y.” Williams to senior director of A&R, in charge of signing and developing untapped talent for the label. Williams joined MNRK in March 2022 as director of A&R and since then has played a pivotal role in developing acts including Kash Doll, K. Michelle, Tyfontaine, OBN Jay, C Stunna and Neek Bucks, among others. Prior to MNRK, Williams worked in artist management at Atlantic Records and has consulted artists through Def Jam, EMPIRE and RCA.
Music consultancy firm Huxley hired Jordan Shepley as associate director of publicity and Chisomo Phiri as communications manager. Shepley will help oversee publicity for Huxley’s roster, which includes J Balvin, Kelly Lee Owens, Munya Chawawa, Calvin Harris and A24 Music. Phiri will handle corporate communications for clients Three Six Zero, Dirty Hit and SailP. In addition, Huxley has also promoted Emily Connick to junior publicist and has hired Tom O’Sullivan, who joins from Sold Out Advertising, as a team assistant.
Concert and festival promoter FKP Scorpio is widening its focus to cover exhibitions, family events and special projects with the rebranded FKP Scorpio Entertainment. FKPE’s leadership team includes James Cassidy and Barry Campbell, who have been appointed president and senior promoter, respectively. Also joining the team are Nathan Birch as head of ticketing, Daisy Parry as special events coordinator, Suzy Bryant as marketing consultant, and Ollie Catchpole as comedy promoter.
AI-driven music financing platform beatBread hired Julian Dunn as director of business affairs. A former corporate attorney, Dunn most recently worked in the Bay Area startup scene at Segment and Hightouch.
ICYMI:
Lucian Grainge
UMG chairman and CEO Lucian Grainge‘s pay package for 2023 was approved by shareholders … Downtown Music elevated Tom Allen to president of its newly hatched royalties and financial services division … Warner Music restructured its Mexican music division but did it in-house … and Brent Fedrizzi (‘memba him from the Nick Spampanato blurb?) was named president of AEG Presents‘ North American regional offices.
Last Week’s Turntable: Allison Moorer Joins Country Hall
Last year, an unknown artist named Tommy Richman stunned as a guest on Brent Faiyaz’s Larger Than Life, appearing on “Upset” alongside FELIX! (The song reached No. 12 on Hot R&B Songs last November.) But now, Richman, who is signed to Faiyaz’ ISO Supremacy label, is making a much larger impression with a hit of his own.
On April 26, Richman released the bouncy “Million Dollar Baby,” on which he flexes his falsetto and genre-blurring sensibilities. The song debuted with 38 million official U.S. streams in its first week of release (April 26-May 2), according to Luminate. “Million Dollar Baby” also scored Richman his first Hot 100 entry, debuting at No. 2 — behind only Taylor Swift and Post Malone’s “Fortnight.” The song also debuts atop the Steaming Songs chart, making Richman the first artist since Olivia Rodrigo with “Drivers License” in 2021 to launch a solo first entry atop the chart.
As previously reported by Billboard, the song’s grand entrance resulted in a boost for Richman’s discography; not including “Baby,” Richman’s catalog posted nearly 2.1 million on-demand U.S. audio streams (across April 26-29), a gain of 106% from the four-day period before. And now, in its second week, the song not only remains at No. 2 on the Hot 100, it climbs to No. 2 on the Billboard Global 200 and reaches No. 1 on the TikTok Top 50, as it continues to gain steam.
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The Woodbridge, Va.-born artist was the first to sign to ISO Supremacy (in partnership with PULSE Records). In addition to scoring a feature on Faiyaz’s last album, Richman also opened for the label boss on his 2023 F*ck the World, It’s a Wasteland Tour. And now, Darren Xu, COO of ISO Supremacy, earns the title of Billboard‘s Executive of the Week.
Despite much of this success seemingly coming out of nowhere, Xu can’t help but look back knowingly, having always believed Richman would reach this moment. As “Baby” continues to grow — thanks in large part to TikTok, where the song has soundtracked 218.3K clips and counting — his team is focused on the future. As Xu, says: “It’s going to be all gas, no brakes.”
Since the Hot 100 began in 1958, only five other acts have debuted in the chart’s top two with no prior history on the chart. Why is “Million Dollar Baby” connecting so strongly?
I feel like “Million Dollar Baby” is a real testament to the climate of social media today. It really shows that if you make good music, it will reach the right audience. Tommy is creating new sounds and the music will speak for itself.
Tommy was the first artist signed to Brent Faiyaz’s ISO Supremacy — what were Tommy and the team looking to gain in signing with Brent?
There was a mutual respect and collaborative energy between the two of them from day one, so the connection just made sense. We knew we’d all win big.
What’s the key to managing an emerging star today?
Don’t let people rush or pressure you into taking steps you don’t need to, and prioritize the artist’s taste and vision.
How are you planning to keep momentum going — for the song and Tommy more broadly?
You guys are going to have to just stay tuned and keep an eye on what we do next. All I can say is it’s going to be all gas no brakes.
In March, Spotify began paying music publishers and songwriters a discounted royalty rate for streams on its premium tiers — and the music business isn’t accepting the change without a fight. Spotify says that by adding audiobooks to its premium offerings, these subscriptions have been reclassified as “bundles,” a type of plan that qualifies for […]