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On Feb. 15, a snippet of Post Malone singing along to a forthcoming collaboration with Luke Combs surfaced on TikTok. Post Malone is signed to Mercury/Republic Records, Universal Music Group labels, and UMGâs catalog has been unavailable on TikTok since the start of February. This means that preexisting videos made with his hits now play without sound, and users canât make new clips with his recordings. The video of Post Malone lip-syncing to the track was originally posted on Instagram Reels, but it migrated to TikTok anyway â most clips do â and the audio remained unmuted, skirting the UMG ban because the song has not been officially released.
âWe can still use the platform to tease new music because until the master hits TikTok, nothing will happenâ to it, says Tim Gerst, CEO of Nashville-based digital marketing agency Thinkswell. âWeâre not really going to change our strategy much.â
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Artists silenced by the UMG-TikTok impasse have used this and other workarounds during the first month that theyâve been walled off from what is arguably their most effective marketing tool. Indeed, digital marketers say they havenât noticed an exodus from the platform after the negotiations between the two companies fell apart.
âArtists impacted by this are just being more creative on TikTok about how theyâre getting music out,â Shopkeeper Management digital marketing manager Laura Spinelli says. âPeople are doing acoustic versions of songs; theyâre changing up the tempo [so that songs donât trigger TikTokâs sonic fingerprinting system]; theyâre talking around it.
âItâs not, âTikTokâs gone, so Iâm going to go on [YouTube] Shorts,â â Spinelli continues. âItâs, âThe masters are gone from TikTok; how can I still get my music out?â â
While there are plenty of digital platforms that artists can use to market their music, the reality is none have been able to consistently replicate TikTokâs impact over the past four years. âThereâs really no other comparable digital marketing strategy or platform for exposure of new music,â says Tyler Blatchley, co-founder of Black 17, The Orchardâs top label on TikTok. âTrends are tied to songs on TikTok in a unique way. On Reels and Shorts, the audience cares less about the song, more about the video content.â
âTikTok is No. 1 for music discovery,â adds Johnny Cloherty, co-founder of digital marketing company Songfluencer. âThese other platforms donât lead to consumption the same way TikTok does.â
Itâs also not clear that Reels and Shorts are even trying to challenge TikTok in the way they once did. When the two platforms were launched in 2020, they both seemed positioned to compete for TikTokâs market share â the app had recently been banned in India, and President Donald Trump was threatening to do the same in the United States.
In the years since, however, âboth of these products, which came out as TikTok competitors, have evolved,â says another digital marketer who has worked with artists and brands. âTheyâre different from what they were, and the focus of the companies behind them have shifted.â
The digital marketer points to a recent blog post in which YouTube CEO Neal Mohan announced that âYouTubeâs next frontier is the living room,â suggesting the platform was increasingly interested in competing with a company like Netflix rather than other purveyors of short-form video. âIt might not be what youâd expect,â Mohan wrote, âbut people like watching Shorts on their TVs.â
Reels and its parent company, Meta, have also made significant changes over the last 12 months. In 2023, the company shut down the bonus system it had put in place to financially incentivize creator activity. (That program seemed like another attempt to compete with TikTok, which had announced its own $200Â million creator fund in 2020.) A couple of months later, Meta launched another platform, Threads. Just as Reels once seemed aimed at capitalizing on the misfortunes of TikTok, the timing of Threadsâ arrival seemed an attempt to capitalize on the troubles of Elon Muskâs X; Metaâs new platform also appeared to signal a shift in company priorities.
Even so, most artists have been, at a minimum, cross-posting TikTok clips to Shorts and Reels for several years, eager to find exposure wherever they can get it.
Shorts has helped artists grow their subscriber numbers on YouTube, and subscribers can be monetized in other ways. Harrison Golding, who oversees digital marketing for EMPIRE, has seen it function as âa discovery tool in countries where YouTube is their primary streaming platform,â like India.
Reels is still an engine for increasing followers as well. âIf you want to grow on Instagram right now, Reels is the way to do that,â Spinelli says. In addition, manager Tommy Kiljoy says Reels helped drive listeners to his client ThxSoMchâs latest release, âHide Your Kids,â as well as Sawyer Hillâs âLook at the Time,â which recently topped Spotifyâs Viral 50 chart in the United States.
But âwe see more trends on TikTok,â says Hemish Gholkar, a digital marketer who works with all of the major labels. âWe hardly see trends to a record on Reels or Shorts.â
While UMGâs catalog remains officially unavailable on TikTok, it has always been the case that any user can upload audio to the platform. Many viral trends start thanks to unofficial bootlegs, and âsome artists are just putting up songs as original sounds,â according to Nima Nasseri, a former vp of A&R strategy for Universal Music Group.
Artists âare speeding up their songs a little bit, doing different edits,â and posting them on TikTok, Kiljoy notes. âIâve seen people lean into [the absence of the music] more than anything and get a rise out of it.â (UMG artistsâ music may also be still available if they collaborated with an act on another label: TikTokers can find Drake rapping on Travis Scottâs âMeltdown,â for example.)
In addition, artists have devised ways to keep seeding their music without the official recording. Singer d4vd, whose breakout hits got traction on TikTok and led to a record deal with UMGâs Darkroom/Interscope Records, recently posted a video labeled âd4vd songs that sound better live,â which shows him performing âLeave Her,â his latest release.
Gerst has had success promoting his clientsâ older music in cases when it was recorded outside of the UMG system. âWeâre going back and pushing a bunch of the back-catalog content,â Gerst says. A video his team posted soundtracked by âIâm Gonna Miss Her,â Brad Paisleyâs goofy tribute to fishing, amassed over 30Â million views across TikTok and Reels. The song was originally released through Sony in 2001, but a throwback thatâs earning millions of views still keeps Paisley top of mind for fans as he moves towards a new album.
Even UMG artists who have expressed disappointment that their music isnât available on TikTok keep posting anyway. âTwo massive companies deciding what goes on with peopleâs art; itâs a bit fâing daft,â artist Yungblud said in a TikTok video after the negotiations crumbled. âEverything can be taken away at the touch of a button.â
Still, he continues to post every few days, uploading a mix of onstage and backstage videos, an acoustic performance of âWhen We Die (Can We Still Get High?)â and interview footage. The same goes for Muni Long, who posted an interview to TikTok in which she called her musicâs absence from the platform âa bummer,â and another clip of a group of fans screaming along to her single âMade For Meâ at a basketball game.
The stand-off between UMG and TikTok is about to enter a new phase where any songs that have contributions from Universal Music Publishing Group songwriters disappear from the platform, meaning artists and marketers will have to adjust once again. âWeâre not going to abandon TikTok,â Gerst says. âWeâre just going to find new ways to do it.â
This is The Legal Beat, a weekly newsletter about music law from Billboard Pro, offering you a one-stop cheat sheet of big new cases, important rulings and all the fun stuff in between.
This week: A federal appeals court overturns a $1 billion verdict won by the major labels over internet piracy; Kanye West blasts Adidas for selling âfake Yeezysâ while also âsuingâ him; Aerosmith singer Steven Tyler wins the dismissal of one of his sexual abuse cases; and much more.
THE BIG STORY: Billion-Dollar Piracy Verdict Gone â For Now
One billion dollars â with a âB.â Back in 2019, thatâs the massive sum that a federal jury ordered Cox Communications to pay to Universal Music Group, Sony Music Entertainment and Warner Music Group after concluding that the internet service provider had turned a blind eye to infringement by its users.
Piracy is no longer the existential threat it was once for the music industry. But in the mid-2010s, it was still a big deal â so much so, that music companies began suing ISPs to force them to take action. In 2018, the Big Three filed such a case against Cox, claiming that it had essentially helped its subscribers illegally share more than 10,000 of their copyrighted songs.
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ISPs are usually shielded from lawsuits over infringing conduct by their users, thanks to the Digital Millennium Copyright Act and its system of so-called safe harbors. But the judge overseeing the case ruled that Cox had forfeited the DMCAâs protections by failing to terminate subscribers who had repeatedly pirated music. Stripped of immunity, Cox was ordered to pay the labels more than $99,000 for every song its users infringed â one of the largest ever awards in an intellectual property lawsuit.
Cox appealed the case, arguing that it was âunprecedented in every wayâ and would require ISPs to cut off vital internet access based on unproven accusations of piracy. The labels said it was a fair punishment for a company that had allegedly avoided the problem for fear of losing money.
After more than four years of waiting for a ruling (so long that file-sharing has become something of antique topic) a federal appeals court finally weighed in this week â overturning the huge verdict, but leaving Cox still facing the potential for massive damages. Go read the full story to find out more.
Other top stories this weekâŚ
IS ADIDAS SUING YE? â Kanye West took to Instagram to blast Adidas for âsuing himâ at the same time that it was selling âfake Yeezysâ to consumers: âNot only are they putting out fake colorways that are non-approved, theyâre suing me for $250 million.â So is Adidas really suing him? The answer is ⌠complicated.
MORE DIDDY ALLEGATIONS â Sean Combs was hit with another abuse lawsuit, this time by a producer named Rodney âLil Rodâ Jones Jr. who says the rapper sexually assaulted and harassed him. But the case also includes more bizarre allegations, claiming that Diddy and others participated in a âRICO enterpriseâ â civil allegations under the Racketeer Influenced and Corrupt Organizations Act, a federal law thatâs more often used in criminal cases against mobsters and drug cartels. Combsâ lawyer Shawn Holley told Billboard that the claims were âpure fictionâ filed by a man âshamelessly looking for an undeserved payday.â
âŚAND A NEW RESPONSE â Days earlier, Combs also filed his first legal response to one of his earlier abuse cases, in which a woman claims that he âsex traffickedâ and âgang rapedâ her when she was a 17-year-old girl in 2003. In the filing, Combs told a federal court that the allegations are âfictionalâ; among other things, Diddyâs lawyers said the case was filed so late that it violates his constitutional right to defend himself.
EAGLESâ STOLEN NOTES TRIAL â Don Henley took the stand in an ongoing criminal trial of three memorabilia sellers who prosecutors claim tried to sell stolen draft lyrics to âHotel Californiaâ and other Eagles hits. The accused defendants claim Henley willingly gave the pages to a journalist decades ago, meaning they were never stolen. But in his testimony, the rock legend said he only gave the writer access, not possession: âYou know what? It doesnât matter if I drove a U-Haul truck across country and dumped them at his front door. He had no right to keep them or to sell them.â
STEVEN TYLER RULING â A federal judge dismissed a lawsuit accusing Aerosmith singer Steven Tyler of sexually assaulting a teenage girl in 1975, ruling that she had waited too long to bring her case. Jeanne Bellino sued the rocker in November under New Yorkâs âlookbackâ law that allows abuse victims to sue over decades-old claims. But the judge ruled that her allegations â forcible kissing and groping â were not covered by the law because they did not present a âserious risk of physical injury.â
NICKELBACK CASE DISMISSED â A federal appeals court rejected a copyright lawsuit that claimed Nickelback ripped off its 2006 hit âRockstarâ from an earlier song called âRock Star,â ruling that the band canât be sued simply for using âclichĂŠsâ and âsinging about being a rockstar.â
IDOL PRODUCER SUED AGAIN â Former American Idol producer Nigel Lythgoe was hit with another sexual assault lawsuit, this time by an unidentified woman who claims he forcibly touched her in 2016. Lythgoe was already facing an earlier lawsuit from Paula Abdul over two separate alleged incidents of sexual assault.
The buzzword from music company CEOs so far in 2024? Superfans.
Already this year, the heads of Warner Music Group, Universal Music Group, Spotify and Live Nation have announced an intention to lean into better serving superfans of artists, with new initiatives and already one investment deal on the table. And today (Feb. 27), at the Web Summit conference in Doha, Qatar, WMG CEO Robert Kyncl announced that Warner would be building a new platform aimed at better connecting its artists with their biggest fans.
âSomething weâre working on at Warner are these direct to superfan experiences,â Kyncl said, speaking on stage alongside newly-signed Warner artist Nora Fatehi. âIâve assembled a team of incredible technology talent who are working on an app where artists can connect directly with their superfans, who are generally the people that consume the most and spend the most⌠and weâre focused on making sure that artists get data on these superfans.â
Kyncl hinted at the new platform, which is still early in development, in his New Yearâs note to staff in January, where he said, âWe need to develop our direct artist-superfan products and experiences,â adding that some things were already in the works. âBoth artists and superfans want deeper relationships, and itâs an area thatâs relatively untapped and under-monetized,â he said.
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The details of Warnerâs app are still vague, though a source said more information should be coming in the next few weeks, and Kyncl mentioned something rolling out later this year. But already there are apps and platforms, such as WeVerse and Stationhead, that have done significant work in capturing the superfan community, connecting artists â including some of Warnerâs biggest artists â directly with their biggest fans.
Other companies have hinted at the beginnings of their own strategies. Last week, Universal announced an investment in Complex and NTWRK, following the latterâs acquisition of the former from Buzzfeed, aimed at connecting artists with an online shopping option for fans; that came a month after UMG chairman/CEO Lucian Graingeâs own New Yearâs memo to staff, in which he said, âThe next focus of our strategy will be to grow the pie for all artists, by strengthening the artist-fan relationship through superfan experiences and products,â pointing to discussions with platform partners and in-house partnerships. In January, Spotify CEO Daniel Ek hinted at the creation of âsuperfan clubsâ when mentioning new products. And last week, Live Nation execs talked about revamping the superfan experience for concerts, in a bet that it will drive more revenue.
While Kyncl didnât specify what Warner has in the works, or how it will connect artists to fans, he underlined the need for the app to be available across platforms. âArtists want to work with every single platform⌠they donât want to optimize just for one platform over another,â he said. âSo a solution like this for superfans has to be a cross-platform solution. We, as a record label, are in a perfect position to do that because we work with all of the platforms. Historically, we havenât had the technology talent to do this, but now we do⌠itâs an exciting piece of work that will launch later this year.â

Universal Music Group Nashville, known for its roster of country music artists including Keith Urban, Carrie Underwood, Eric Church and Chris Stapleton, has launched a new production arm of the Nashville-based entertainment company, focused on film and television projects.
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UMG Nashvilleâs Sing Me Back Home Productions will delve into the deep catalog of artists throughout UMG Nashvilleâs history, in addition to celebrating newly-discovered talent. The new production arm is led by UMG Nashville chair/CEO Cindy Mabe, as well as senior vp, digital business and creative development Dawn Gates. The new division will focus on developing content for documentaries, original scripted and unscripted television, feature films and short-form content. In addition, it will be heavily involved in securing production partners, music supervision and distribution.
âCountry music has always been the home of the richest storytellers in music. Storytellers like Merle Haggard, whose song âSing Me Back Homeâ helped frame the intent and name behind our production company,â Mabe said in a statement. âSongs and stories can transport people and literally sing them back home no matter where they are in the world. Creating a new canvas for our storytellers to paint was a natural next step for our artists to talk to their fans in a new way. With several productions underway, this new endeavor fits prominently into what we are sustaining and building as a music company: roots, legacy, music discovery, and storytelling. We are finding faith, family, and heartland are at the core of our business and we are making sure we are building generational content for different mediums across a variety of platforms and shepherding it into the homes of our audience.â
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Sing Me Back Home Productions has teamed with ITV Americaâs Thinkfactory Media to develop and produce a docuseries that will follow the personal and professional lives of Grammy-nominated husband-and-wife duo, The War and Treatyâs Michael Trotter Jr. and Tanya Trotter. The docuseries will be helmed by Thinkfactoryâs CEO and veteran producer Adam Reed. The docuseries is already in the works with a broadcast partner and is among the first of several projects in development through Sing Me Back Homeâs broader collaboration with Thinkfactory Media.
Additionally, the Betsy Schechter-produced documentary Gloria Gaynor: I Will Survive, will soon be released in partnership with Storyville Entertainment. The documentary premiered at the Tribeca Film Festival, and won the best feature documentary award at La Femme Womenâs International Film Festival in Los Angeles. Most recently, Gloria Gaynor: I Will Survive won The Palm Springs International Film Festival audience award âbest of fest.â
âCountry music and its community of artists, past and present, offer such a vast and rich world to explore for content,â Reed said in a statement. âAs Thinkfactory doubles down on work rooted in the Heartland, weâre incredibly bullish on the projects weâre developing with Sing Me Back Home, and we admire what Cindy and her group are building at a time when the genre and its hitmakers are flying higher than ever.â
âWe are thrilled to have the expertise of Cindy, Dawn, and the Sing Me Back Home team to partner on producing âGloria Gaynor: I Will Survive,’â Schechter said in a statement. âJust like her iconic song âI Will Survive,â Gloriaâs life is equally inspirational and this film has the power to impact audiences around the world for years to come.âÂ
The new production division is the latest expansive move for UMG Nashville, following the recent launches of Silver Wings Records, and the comedy division Capitol Comedy Nashville.
Spotify paid out nearly $4.5 billion to independent rights holders in 2023, or roughly half of the more than $9 billion the streaming service paid to all labels and publishers last year, the company announced Tuesday (Feb. 27). The $4.5 billion total marks a new record for the indie sector (which includes DIY artists) and […]
A music producer who says he worked on Sean âDiddyâ Combsâ 2023 album The Love Album: Off the Grid is accusing the hip-hop mogul of sexual assault and harassment, sex trafficking and various other forms of misconduct in a sprawling lawsuit filed Monday (Feb. 26).
In the complaint, filed by plaintiff Rodney âLil Rodâ Jones Jr. in New York federal court, the producer accuses Combs of âgroping and touchingâ his anus and trying to groom him into engaging in sexual acts with Combs and other individuals, including Love Album producer Steven Aaron Jordan (a.k.a. Stevie J) and a cousin of Combsâ ex-girlfriend Yung Miami (named as a Jane Doe defendant). He also claims that Combs âforcedâ him to âsolicit sex workers,â some of whom were underage, as well as to âperform sex acts to the pleasure of Mr. Combs.â
In one alleged incident from February 2023, Jones claims he woke up ânaked, dizzy, and confusedâ in a âbed with two sex workers and Mr. Combsâ at Combsâ home in Miami and âbelievesâ he was drugged by Combs.
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The lawsuit, filed by attorney Tyrone Blackburn, names several more defendants whom Jones claims conspired with Combs in an alleged âRICO enterpriseâ to enable his misconduct: Universal Music Group (UMG), its subsidiary Motown Records, Combsâ label imprint Love Records, UMG chairman/CEO Lucian Grainge, former Motown CEO/chairwoman Ethiopia Habtemariam; Combsâ chief of staff, Kristina Khorram; and Combsâ son, Justin Combs. Federal RICO cases, which are based on the Racketeer Influenced and Corrupt Organizations Act traditionally used to target the mafia and drug cartels, are brought to more effectively sweep up members of alleged crime rings. (Notably, the ongoing Georgia criminal case against Young Thug that alleges the rapper ran a violent Atlanta street gang is based on a Georgia statute modeled off of the federal RICO law.)
In this case, Jones claims the âRICO enterpriseâ in question was set up to recruit sex workers, some of them underage, and to acquire and distribute drugs and guns out of Combsâ Miami home. He accuses the participants in the alleged enterprise of keeping him under their control by threatening him with violence, ostracism from the music industry and nonpayment for work on the album, which he says he still has not been compensated for despite having allegedly produced nine tracks.
The lawsuit also brings up an alleged September 2022 incident at Chalice Recording Studio in Hollywood, during a writing and producing camp for The Love Album, that allegedly resulted in a man being shot in the stomach following a âheated conversationâ between Combs, his son Justin Combs and another unnamed man. Following the incident, Jones claims Combs forced him to lie to police by telling them the man was injured in a drive-by shooting outside. Jones is suing Combs, UMG, Motown, Love Records and Chalice Recording Studio for providing âinadequate or negligent securityâ during the camp.
In a statement sent to Billboard, Combsâ attorney Shawn Holley said: âLil Rod is nothing more than a liar who filed a $30 billion lawsuit shamelessly looking for an undeserved payday. His reckless name-dropping about events that are pure fiction and simply did not happen is nothing more than a transparent attempt to garner headlines. We have overwhelming, indisputable proof that his claims are complete lies. Our attempts to share this proof with Mr. Jonesâ attorney, Tyrone Blackburn, have been ignored, as Mr. Blackburn refuses to return our calls. We will address these outlandish allegations in court and take all appropriate action against those who make them.â
A spokesperson for Justin Combs sent the following statement: âJustin Combs categorically denies these absurd allegations. They are all lies! This is a clear example of a desperate person taking desperate measures in hopes of a pay day. There will be legal consequences for all defamatory statements made about the Combs family.â
Representatives for UMG, Motown, Love Records, Grainge and Chalice Recording Studio did not immediately respond to requests for comment. Habtemariam could not be located for comment at press time.
Jones is asking for damages for loss of past and future income as well as âmental anguish, humiliation, embarrassment, stress and anxiety, emotional pain and suffering, and emotional distressâ; punitive damages; and the costs of bringing the suit.
The Love Album was originally announced in May 2022 as a release on Combsâ newly formed imprint Love Records, to be released in tandem with UMGâs Motown. However, the album â which featured a laundry list of stars including Mary J. Blige, Burna Boy, John Legend, Justin Bieber and The Weeknd â was ultimately released independently in September 2023.
Jonesâ lawsuit is just the latest in a string of legal accusations to be lodged against Combs over the past several months. In November, Combsâ longtime girlfriend, R&B singer Cassie, sued him for rape and physical abuse, though the case was promptly settled. He was subsequently sued by two more women for sexual assault and later by a Jane Doe who claimed Combs âsex traffickedâ and âgang rapedâ her when she was 17. Combs has denied all of the allegations.
Atlantic Music Group chairman/CEO Julie Greenwald announced layoffs of about two dozen people Monday (Feb. 26), primarily in the radio and video departments, in an internal memo to staff obtained by Billboard. As part of the announcement, Greenwald also said the company would be âbringing on new and additional skill sets in social media, content creation, community building and audience insights,â with the goal of âdial[ing] up our fan focus and help[ing] artists tell their stories in ways that resonate.â
Greenwald, who has been at Atlantic Records for 20 years, was named chairman/CEO of the newly-formed Atlantic Music Group in October of 2022, with oversight of Atlantic Records and its subsidiaries (Atco, Big Beat, Canvasback) as well as 300 Elektra Entertainment, which includes 300, Elektra, Fueled By Ramen, Roadrunner, Low Country Sound, DTA and Public Consumption. In that role, she is still co-chair/COO of Atlantic Records alongside co-chair/CEO Craig Kallman.
âOur artists today need more support from us than ever â in a world thatâs getting noisier, faster, and more fiercely competitive,â Greenwald wrote. âWe have to do more, but at the same time, our approach has to be authentic, bold, and bespoke to individual artists. We canât impact culture if we donât have the right mix of people who live that culture. Thatâs why we need dedicated teams of multi-talented, ambidextrous people â our âSWAT teamsâ â who encircle the artist and do everything possible to help achieve their full potential.â
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The news comes three weeks after Warner Music Group CEO Robert Kyncl announced that WMG would be cutting its staff by 10%, or some 600 employees, amid a broader reallocation of resources that will involve selling its owned and operated media properties, such as HipHopDX and Uproxx. That move came the same day that Warner announced it had had its best quarter ever, with revenue up 17% to $1.75 billion, and that the moves would be about freeing up some $200 million to reinvest in the company.
However, Greenwald made a point to write that this move was not about merging or shuttering labels, but about repositioning the label group for the future. âWeâve all heard the same industry rumors about labels being reduced or merged into one another. I can tell you: this is not that,â she wrote. âWeâre deeply committed to the unique cultures across our labels, led by 300, Elektra and Atlantic. Craig, Kevin [Liles, CEO of 300 Elektra], and I passionately believe these identities are crucial to attracting great artists and building great careers. We want artists to be choiceful about the culture and team they belong with, just as weâre thoughtful about deciding which artists weâre signing.â
Read Greenwaldâs full note to staff below.
Dear Atlantic, Elektra and 300,
Two weeks ago, during the all hands call you heard Robert and Max talk about the evolution of our music company. They tasked us last year to examine our staffing and ask the tough question, how do we achieve maximum impact for our artists in this ever changing landscape?
As hard as it is to say goodbye to our friends and valued colleagues, it is critical that we keep retooling the company and add new resources and skill sets to our business units. I have now been at Atlantic for 20 years. The company has grown and evolved tremendously, because we have not been afraid to implement change and add new marketers, new A & R, new data and research and even new labels. Always evolving but with a consistent North Star : sign the best musicians and commit to the hardest work of building real careers through true artist development.
Our artists today need more support from us than ever â in a world thatâs getting noisier, faster, and more fiercely competitive. We have to do more, but at the same time, our approach has to be authentic, bold, and bespoke to individual artists. We canât impact culture if we donât have the right mix of people who live that culture. Thatâs why we need dedicated teams of multi-talented, ambidextrous people â our âSWAT teamsâ â who encircle the artist and do everything possible to help achieve their full potential. Â
The changes weâre making today are primarily happening in our radio and video teams. Weâll preserve our industry-leading position in those areas, while bringing on new and additional skill sets in social media, content creation, community building and audience insights. This will allow us to dial up our fan focus and help artists tell their stories in ways that resonate.
As part of this shift, Iâm sorry to say about two dozen people will be leaving us from across our three labels and their imprints. Weâve already informed everyone who is impacted. I know we will all support each other, even more than usual, and I deeply appreciate your empathy and understanding.Â
Weâve all heard the same industry rumors about labels being reduced or merged into one another. I can tell you: this is not that. Weâre deeply committed to the unique cultures across our labels, led by 300, Elektra and Atlantic. Craig, Kevin, and I passionately believe these identities are crucial to attracting great artists and building great careers. We want artists to be choiceful about the culture and team they belong with, just as weâre thoughtful about deciding which artists weâre signing.Â
Right now, thereâs incredible music coming through from artists across the entire group. We have some of our biggest superstars returning, and some extraordinary new artists weâre building in a very real way. Weâre taking the right step into the future, and I hope youâll continue to share your ideas with senior management so we can continually improve.Â
Thank you.
Julie
Strong album sales by K-pop groups Seventeen, Tomorrow X Together and New Jeans helped Korean music company HYBE enjoy record revenue of 2.18 trillion won ($1.67 billion), up 22.6%, in 2023, according to the companyâs latest earnings report.
HYBEâs album sales from its Korean artists nearly doubled to 43.6 million last year from 22.2 million in 2022, while album sales accounted for 44.6% of total revenue, up from 31.1% the prior year. In Korea, Seventeen led the way with 15.9 million album sales (HYBEâs earnings release cited numbers from Circle Chart, which tracks sales only in Korea). Tomorrow X Together sold 6.5 million albums and NewJeans sold 4.3 million albums.Â
Streaming revenue got a boost from the companyâs acquisition of Atlanta-based hip-hop label Quality Control in February 2023. Revenue from HYBEâs U.S. record labels â Quality Control as well as Big Machine Label Group â grew 70% to 150 billion won ($114.9 million) and accounted for nearly half of HYBEâs streaming revenue growth for the year. Streaming revenue from the companyâs Korean labels outside Korea also performed well last year, increasing 102% to 107 billion won ($81.9 million). Within Korea, streaming revenue from those labels increased only 64%, however, to 41 billion won ($31.4 million).Â
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Concert revenue increased 39.1% to 359.1 billion won ($275 million) and accounted for 16.5% of total revenue, up from 14.5% in 2022. Much of that was due to volume, as HYBE had 125 concerts from seven touring artists in 2023 compared to 78 concerts from four touring artists in 2022.
Most other revenue sources declined year-over-year. Ads and appearances fell 12.3% to 141.9 billion won ($109 million). Merchandise and licensing dropped 17.7% to 325.6 billion won ($249 million). Content sank 15.1% to 289.9 billion won ($222 million). One bright spot was fan clubs, which increased 35.9% to 91.2 billion won ($70 billion).Â
Company-wide gross profit improved 19.7% to 1 trillion won ($773 million), lower than revenueâs 22.6% growth rate because cost of sales rose 25.2% (gross profit is sales minus cost of sales). Sales, general and administrative expenses increased only 17.7%, however, which helped operating profit improve 24.9% to 295.8 billion won ($227 million). Net profit soared 288% to 186.5 billion won ($143 million).Â
Koreaâs share of HYBEâs revenue increased from 33% in 2022 to 36% in 2023. Japanâs share of revenue also increased, from 28% to 31%. North America fell from 32% to 26% despite the addition of Quality Control.Â
The Weverse social media platform ended the year with 10.1 million monthly active users (MAUs) in the fourth quarter, down from an all-time high of 10.6 million MAUs in the third quarter but well above the 8.5 million MAUs in the fourth quarter of 2022. Weverse finished the year with 122 artist communities, up from 71 at the end of 2022.

A lot of history was made last Thursday (Feb. 22) when the Odysseus space craft landed on earthâs moon. Not only did it mark the first time a private lander made lunar touchdown, but it saw an American craft return to the moon for the first time since 1972. Billboard can now reveal that the lunar lander made musical history as well, bringing digitized recordings from some of the most iconic musicians of all time to an arts-centric time capsule thatâs currently sitting on the moonâs silent surface.
Filmmaker Michael P. Nash, whose acclaimed 2010 documentary Climate Refugees put a human face on climate change and is included in this lunar capsule, describes it as a âfuture ancient cave drawingâ of sorts (his film is the sole documentary in this lunar payload). âIn case we blow ourselves up with a nuclear weapon or a meteor hits us or climatic change wipes us out, thereâs a testament of our history sitting on the moon,â he says.
This lunar art museum spans millennia, reaching all the way back to a Sumerian cuneiform fragment of musical notation up to modern-day beats by Timbaland. The digitized lunar archive includes material from 20th century icons Elvis Presley, Marvin Gaye, Santana, Jimi Hendrix, Chuck Berry, Sly & the Family Stone, Bob Marley, Janis Joplin, The Who and many more, as well as photos of everything from Woodstock to album art (naturally, a photo of Pink Floydâs The Dark Side of the Moon is included) in a glass, nickel and NanoFiche structure built to last millions of, if not a billion, years.
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âThis is music that stands the test of time,â says Dallas Santana, who came up with the idea of sending 222 artists to the moon and pitched it to the Arch Mission Foundation. Working with Galactic Legacy Labs, Space Blue (Santanaâs company) curated the payload, which was affixed to the Intuitive Machines-built craft (that company had no creative input on this payloadâs contents, nor did SpaceX, which launched the lander). Space Blue formed a partnership with Nashâs Beverly Hills Productions and Melody Trust â a company that owns the rights to some masters from a number of classic rock artists â for the purposes of this enterprise, appropriately titling it Lunar Records.
The archive from Melody Trust, which Santana says is about 25,000 songs deep, includes unreleased recordings from some of these musical legends, according to Santana. âSongs that have never been released, ever â theyâre on the moon now,â he says, tipping to purportedly unreleased recordings of Hendrix captured prior to the formation of the Jimi Hendrix Experience. As a huge Hendrix fan, he says he was âimmediately skepticalâ about them at first but was pleasantly surprised to be wrong about them after months of âdue diligence and analysisâ from his advisors. âThe world will find out about them,â he promises.
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As the curator of the musical moon museum, Santana says music from 1969 and artists who played Woodstock are a focal point of this collection for several reasons. On July 20, 1969, humans set foot on the moon for the time; just weeks later, the Summer of Love reached its pinnacle when 460,000 people gathered at the Woodstock Music Festival in a spirit of peaceful togetherness he hopes this capsule will evoke. Santana admits thereâs a bit of historical irony here: many musicians of that generation pressured the U.S. government to stop spending money on lunar landings in favor of solving terrestrial problems, which was a part of the reason NASA suspended moon missions in 1972. Now, some of those artists are enshrined on the moon for up to a billion years.
While the Space Blue founder has previously teased an arts-centric payload on this mission, he specifically kept the names of the musicians known to a select few. âNASA doesnât know â SpaceX doesnât know yet,â he says. âElon Musk is the greatest rocketeer of all time, weâre grateful for his company. When we decided to have conversations about musicians last year, we thought it was not appropriate to bring to it to his attention what we were going to do. And musicians were concerned about that. They said, âDoes Elon Musk have anything to do with deciding what musicians go up there?â And I said, âAbsolutely not, this is a private payload.ââ
He hopes the lunar payload â which also includes plenty of non-musical artistic achievements, including paintings by Rembrandt and Van Gogh â will âresurrectâ the spirit of the Woodstock generation. âWe need peace on the earth right now. Weâve brought to the moon the Summer of Love, the people and artists and messages that are needed on earth right now.â
The inclusion of Nashâs Climate Refugees documentary in the lunar art museum acknowledges another pressing concern facing us earthlings â climate change and the mass migration thatâs likely to ensue. With an eye on whatâs next, Nash is beginning to work on a sequel film called Chasing Truth. âMy partners are Leonardo DiCaprio, his father, George DiCaprio, and the VoLo Foundation. Weâre going back around the world to update this,â he says.
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âBoth Leonardo and George are very clear this needs to be a solution-oriented film, more utopian than dystopian. This is going to give solutions,â Nash promises. âWeâve passed the point of changing lightbulbs â but thatâs really important. There are power in numbers. Become part of something bigger than you. Itâs going to take everybody to move us past this tsunami headed our way.â
After this mission, Lunar Records intends to continue rising. They are eying other lunar payloads of a similar nature, and even talking about placing an arts museum on Mars if a Martian landing comes to pass â meaning that Marsâ igneous rocks may have to make room for a new kind of rock before too long.
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Don Henley said Monday that he never gave away handwritten pages of draft lyrics to âHotel Californiaâ and other Eagles hits, calling them âvery personalâ in testimony that also delved into an ugly but unrelated episode: his 1980 arrest.
Henley, the Grammy-winning co-founder of one of the most successful bands in rock history, is prosecutorsâ star witness in an unusual criminal trial surrounding the lyrics sheets.
Henley says they were stolen decades ago from his barn in Malibu, California. He testified Monday that he was appalled when the material began turning up at auctions in 2012.
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âIt just wasnât something that was for public viewing. It was our process. It was something very personal, very private,â he said in a raspy drawl. âI still wouldnât show that to anybody.â
The defendants are three collectibles experts who bought the pages years later through a writer who had worked with the Eagles on a never-published band biography. The defense maintains that Henley willingly gave them to the scribe.
Under cross-examination, Henley acknowledged that he didnât remember âthe entiretyâ of his conversations with the writer, Ed Sanders, who isnât charged in the case. Nor, Henley said, could he recall whether he gave Sanders permission to take the documents off the property.
But Henley insisted he gave Sanders only access to the documents, not permanent possession of them, in the hopes that a firsthand view of âthe time and effort that went intoâ the lyrics would improve the book.
He said he told Sanders he could look at the pages, ideally at a breakfast table in an apartment upstairs from the barn.
âI never gave him permission to keep those items,â Henley said.
At issue are about 100 sheets of legal-pad paper inscribed with lyrics-in-the-making for multiple songs on the âHotel Californiaâ album, including âLife in the Fast Lane,â âNew Kid in Townâ and the title track that turned into one of the most durable hits in rock. Famed for its lengthy guitar solo and puzzlingly poetic lyrics, the song still gets streamed hundreds of millions of times a year.
The defendants â rare-book dealer Glenn Horowitz and rock memorabilia specialists Craig Inciardi and Edward Kosinski â have pleaded not guilty to charges including criminally possessing stolen property. Their lawyers say there was nothing illegal in what happened to the lyrics sheets.
The defense has signaled that it plans to question Henley, 76, about how clearly he remembers his conversations with Sanders during an era in which the rocker was living in his own fast lane. In an apparent attempt to defuse some of those questions, a prosecutor brought up Henleyâs 1980 arrest.
Henley pleaded no contest in 1981 to a misdemeanor charge of contributing to the delinquency of a minor, after authorities found cocaine, quaaludes, marijuana and a 16-year-old sex worker naked and suffering from an overdose at his Los Angeles home the prior November. He was sentenced to probation and a $2,500 fine, and he requested a drug education program to get some possession charges dismissed.
Henley testified Monday that heâd been depressed about the Eagles 1980 breakup and had sought âan escapeâ by calling a sex worker.
âI made a poor decision which I regret to this day,â he said.
As for his memory, he said, âI canât tell you what I had for breakfast last Friday morning, but I can tell you where we stayed when we played Wembley in 1975 and we opened for Elton John and the Beach Boys,â referring to Londonâs Wembley Stadium.
Sanders began working with the Eagles in 1979 on a band biography that never made it into print. He sold the documents to Horowitz, who sold them to Kosinski and Inciardi. Kosinski has a rock ânâ roll collectibles auction site; Inciardi was then a curator at the Rock & Roll Hall of Fame.
In a 2005 email to Horowitz, Sanders said Henleyâs assistant had sent him the documents for the biography project, according to the indictment.
Henley reported them stolen after Inciardi and Kosinski began in 2012 to offer them at various auctions.
Henley also bought four pages back for $8,500 in 2012. He testified that he resented having to buy back what he contends was his own property. But he said he saw it as âthe most practical and expedientâ way to get the auction listing, which contained photos of the lyrics sheets, off the internet.
Kosinskiâs lawyers, however, have argued that the transaction implicitly recognized his ownership.
Meanwhile, Horowitz and Inciardi started ginning up alternate stories of how Sanders got hold of the manuscripts, Manhattan prosecutors say.
Among the alternate stories were that they were left behind backstage at an Eagles concert, that Sanders received them from someone he couldnât recall, and that he got them from Eagles co-founder Glenn Frey, according to emails recounted in the indictment. Frey had died by the time Horowitz broached that last option in 2017.
Sanders contributed to or signed onto some explanations, according to the emails. He hasnât responded to messages seeking comment about the case.
Kosinski forwarded one of the various explanations to Henleyâs lawyer, then told an auction house that the rocker had âno claimâ to the documents, the indictment says.
Henley has been a fierce advocate for artistsâ rights to their work. Since the late 1990s, he and a musicianâ rights group that he co-founded have spoken out in venues from the Supreme Court to Congress about copyright law, online file-sharing and more. As recently as 2002, Henley testified to Congress to urge copyright law updates to fight online piracy.
Henley also sued a Senate candidate over unauthorized use of some of the musicianâs solo songs in a campaign spot. Another Henley suit hit a clothing company that made t-shirts emblazoned with a pun on his name. Both cases ended in settlements and apologies from the defendants.
Henley also testified to Congress in 2020, urging copyright law updates to fight online piracy.