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The Recording Academy’s aggressive efforts to boost the number of women and people of people of color at all levels of the organization, including at the very top, have borne fruit.
People of color account for fully 60% of the newly-elected board of trustees, while women account for 45%. People of color represented a majority of the board (53%) for the first time two years ago, as Billboard reported. Women then accounted for 44% of the board.
For the first time in Academy history, women are serving in the top two posts on the board concurrently. Tammy Hurt has been re-elected to serve as chair; Dr. Chelsey Green was elected vice chair.
Hurt is the third woman to serve as chair, but the first two women in that role, Leslie Ann Jones and Christine Albert, both served alongside male vice chairs. Tony Cisconti was vice chair under Jones from 1999-2001. John Poppo served as vice chair under Albert (2013-15). (Poppo subsequently served as chair from 2015-19.) Rico Love was vice chair under Hurt in her first term (2021-23).
Hurt, from the Academy’s Atlanta chapter, is “an openly out LGBTQ+ officer, a landmark for the Academy,” as the Academy’s press release puts it.
Gebre Waddell was elected secretary/treasurer, succeeding Om’Mas Keith. Albert, from the Academy’s Texas chapter, has been re-elected to serve as chair emeritus. It’s her fourth term in that role.
“I’m pleased to introduce and welcome the new national officers and trustees to our Academy family,” Harvey Mason jr., CEO of the Recording Academy, said in a statement. “This great, new group reflects our eclectic music community and will carry forward our mission of serving all music people. I look forward to working alongside this esteemed group to continue the evolution of our Academy.”
In partnership with Mason, the national officers lead the trustees and Academy senior staff to shape the mission and policies of the Academy and its affiliates. The Academy defines its mission as its “commitment to promote diversity, equity and inclusion, fight for creators’ rights, protect music people in need, preserve music’s history, and invest in its future.”
Eleven members of the 2023 –24 board of trustees are Grammy winners. J. Ivy won his first Grammy in March in the new category of best spoken word poetry album for The Poet Who Sat by the Door. Falu Shah won his first Grammy in 2022 for best children’s music album for A Colorful World.
John Legend is the current trustee with the most Grammy wins (12), followed by Angelique Kidjo (five); Yolanda Adams, Chuck Ainlay, PJ Morton and Michael Romanowski (four each); Jonathan Yip and Natalia Ramirez (two each); and Ledisi, J. Ivy and Falu Shah (one each).
Here’s more background on the four national officers:
Tammy Hurt is a drummer, music producer and television producer. She is the second person from Atlanta to hold the position. Her latest musical project, Sonic Rebel, incorporates original, genre-blurred, Dolby Atmos music beds and mashup remixes. Her boutique entertainment firm Placement Music, founded in 2010, has worked with such clients as FOX Sports, Paramount Pictures, CBS, MTV, HBO, BET, Sony, the NFL and NASCAR. Hurt was active in the campaign that led to the passage of the Georgia Music Investment Act, the state’s first standalone music tax incentive.
Dr. Chelsey Green is a multi-instrumentalist, vocalist, entrepreneur, and educator. Dr. Green and her ensemble, Chelsey Green and The Green Project, have released five studio projects, one of which (The Green Room) debuted and peaked at No. 22 on Billboard’s Contemporary Jazz Albums chart in October 2014. Green performs concerts, music festivals and educational workshops around the world. Committed to music education, advocacy and youth arts access, Dr. Green is an associate professor at Berklee College of Music and also serves as a member of the Program Council of NewMusicUSA.
Gebre Waddell is a tech entrepreneur, mastering engineer, and published author. As CEO and co-founder of Sound Credit, he played a key role in the creation and growth of the platform, driving innovation in the field of music fintech and credits. With more than 20 years of experience as a professional mastering engineer, he has made contributions to works of prominent artists such as Ministry, Public Enemy, Lil Wayne and Rick Ross. In 2013, his book Complete Audio Mastering was published by McGraw-Hill Professional,
Christine Albert is an independent recording artist and founder/CEO of Swan Songs, an Austin, Tex.-based nonprofit that fulfills musical last wishes. She has released 12 independent albums as a solo artist and as part of the folk/Americana duo Albert and Gage, and has appeared on Austin City Limits.
Here’s the full list of the Academy’s 2023-24 board of trustees:
Newly elected or re-elected:
Christine Albert
Marcella Araica
Julio Bagué
Larry Batiste
Marcus Baylor
Evan Bogart
Anna Frick
Kennard Garrett
Tracy Gershon
Dr. Chelsey Green
Jennifer Hanson
Tammy Hurt
J. Ivy
Angélique Kidjo
Ledisi
Eric Lilavois
Susan Marshall
Donn Thompson Morelli “Donn T”
Falu Shah
Gebre Waddell
Paul Wall
Wayna
Jonathan Yip
Trustees who are currently midterm:
Yolanda Adams
Chuck Ainlay
Marcella Araic
Nabil Ayers
Jennifer Blakeman
Alex E. Chávez
Doug Emery
EJ Gaines
Jordan Hamlin
Terry Jones
Andrew Joslyn
Thom “TK” Kidd
Mike Knobloch
John Legend
PJ Morton
Natalia Ramirez
Michael Romanowski
Von Vargas
Artist management company In De Goot Entertainment and independent record label So Recordings (part of the U.K.-based Silva Screen Music Group) have partnered to form the label imprint SO In De Goot, Billboard can reveal.
The first U.S. signing to the imprint is Princess Goes, the band fronted by actor and musician Michael C. Hall alongside keyboardist Matt Katz-Bohen and drummer Peter Yanowitz; the group will release its sophomore album later this year.
Bill McGathy
Jennie McGathy
“We have developed a great relationship with Adam Greenup and So Recordings and have major respect for the work they do and their meaningful roster,” said In De Goot Entertainment president/owner Bill McGathy in a statement. “Thanks to So Recordings’ success in the UK and Europe, this new partnership allows In De Goot to strengthen our global footprint and offer new opportunities to our roster and So’s roster in the U.S.”
Adam Greenup
Courtesy of Adam Greenup
So Recordings MD Adam Greenup added, “Bill and his whole team at In De Goot have been our close friends and allies for nearly a decade. We have seen how the team commits and delivers in all areas of North American promotion and beyond. Bill and I had a joint lightbulb moment one morning in his New York office — our roster (old and new) aligned with In De Goot’s weight and influence in the U.S. rock and indie lanes — the fit was just obvious. We would sign, record and promote artists together.”
In De Goot’s current roster includes Biffy Clyro, GWAR, Halestorm and Shinedown, while the So Recordings roster boasts Placebo, Enter Shikari, Band of Skulls and Dinosaur Pile-Up.
Ariana Grande‘s r.e.m. beauty drew a strategic investment led by private investment firm Sandbridge Capital with participation from Strand Equity, HYBE America, Live Nation Entertainment and Universal Music Group. The funds will be used for product innovation, talent acquisition and geographic expansion.
Sony Music Masterworks made a majority investment in Barcelona-based live music and experiential events producer Proactiv Entertainment. Under the deal, Proactiv managing director Nicolas Renna will continue leading the company’s day-to-day operations while working closely with Sony Masterworks president Mark Cavell and Sony Music Spain & Portugal president Jose-Maria Barbat to grow the business.
Music collaboration platform boombox.io, a new company from entrepreneur Tom Chavez, closed $7 million in seed capital. The round was led by Forerunner with participation from Chavez’s super{set} startup studio as well as Ulu Ventures. The funds will allow the generative AI-assisted platform to build out its team, accelerate product development and strike new partnerships. Launched in November, boombox.io allows music producers to store, version and track their music files; collect time-stamped feedback on audio files; communicate via iOS and Android apps; manage splits; and create legally-binding contracts.
Glendale, Ariz.-based VAI Resort announced the VAI Amphitheater, a new 8,000-capacity venue slated to open in 2024. Set against the backdrop of the resort, the venue will offer multiple viewing options, including hotel room balconies, as well as a $40 million stage and state-of-the-art technology. To bring the amphitheater to life, the resort has partnered with live event solutions company TAIT Group and audiovisual company Solotech.
88rising has partnered with Steve Aoki on FLUXGEN, a new creative hub for Asian talent globally. The first release under the new venture is “The Show,” a collaboration between Aoki and Mandopop star JJ Lin.
Music composition system DAACI, which is driven by a suite of AI tools, acquired fellow AI music technology companies MXX and WiSL. Founded by Dr. Joe Lyske, DAACI uses dynamic music AI that allows artists and composers to tailor compositions for specific uses in gaming, digital worlds, XR or VR experiences.
Amplifyd, an auction platform and marketplace for the music industry, launched out of beta and announced a partnership with Insomniac Events, with which it hosted a series of charity auctions at Insomniac’s 2023 EDC festival in Las Vegas that featured participating artists Marshmello, Armin Van Buuren, Yellow Claw and Deorro.
Tokyo-based virtual live music event platform Vark raised 1 billion yen ($7.2 million) in Series C funding through a third-party allotment of new shares to SBI Investments and NetEase Games, in addition to existing investors JAFCO Group, Mitsubishi UFJ Capital and ANRI. The funds will be used to strengthen the company’s product development system, develop new businesses and more.
Myxt, a collaborative workspace for audio creators, partnered with AI stem separation platform AudioShake under a deal that will allow Myxt users to utilize AudioShake’s source separation tool, create stems, and export them for opportunities in content creation, synch licensing, mixing and more.
AI music analysis and recommendation platform Cyanite acquired aptone, an AI-based service that allows music producers to classify and search samples. Aptone founder Johannes Giani will join the Cyanite board as director of information technology, helping Cyanite develop its technology and continue enhancing and expanding the offering for Cyanite’s international customers including BMG, Pond5, APM Music and RTL. The acquisition allows Cyanite to increase the accuracy with which it analyzes and tags samples. Both Cyanite and aptone are based in Germany.
Some of Adidas’ remaining Yeezy shoes are back on sale — months after the German sportswear company cut ties with Ye, the rapper formerly known as Kanye West.
Adidas ended its yearslong partnership with Ye in late October, in light of his antisemitic remarks and other harmful behavior. In the months that followed, the fate of 1.2 billion euros ($1.3 billion) worth of unsold Yeezys remained unknown — until earlier this month, when Adidas CEO Bjørn Gulden announced the company would be selling a portion of the remaining inventory and donating some of the proceeds to social justice organizations.
The first batch of Adidas’ remaining Yeezys went on sale Wednesday. At this time, the sneakers appear to be available through Adidas’ app “Confirmed,” according to the retailer’s website. Part of the profits will be donated to organizations including the Anti-Defamation League and the Philonise & Keeta Floyd Institute for Social Change, Adidas says.
Wednesday’s release marks the first time that Adidas has sold Yeezys since the partnership termination in October. The Yeezy products up for sale will include already-existing designs as well as those that were initiated in 2022 and set to be released in 2023, Adidas previously noted.
“We believe (selling and donating these Yeezys) is the best solution as it respects the created designs and produced shoes, it works for our people, resolves an inventory problem, and will have a positive impact in our communities,” Gulden said in an May 19 statement.
At a May 11 annual shareholder meeting, Gulden explained the company made the decision to sell and donate Yeezys after speaking with nongovernmental organizations and groups that were harmed by Ye’s comments and actions.
Some details of Adidas’ plans are still unclear — including how many Yeezys will eventually go on sale and what portion of sales will be donated. The Associated Press reached out to Adidas for further information on Wednesday.
Cutting ties with Ye cost Adidas hundreds of millions of dollars — contributing to a loss of 600 million euros ($655 million) in sales for the last three months of 2022, which helped drive the company to a quarterly net loss of 513 million euros.
Adidas reported 400 million euros ($441 million) in lost sales at the start of 2023, the company announced earlier this month.
Net sales declined 1% in the first quarter, to 5.27 billion euros, the company said. It reported a net loss of 24 million euros, a plunge from a profit of 310 million euros in the same period a year ago.
Operating profit, which excludes some items like taxes, was down to 60 million euros from 437 million euros a year earlier.
Meanwhile, investors also filed a class-action lawsuit against Adidas in late April, alleging the company knew about offensive remarks and harmful behavior from Ye years before terminating its pact with him. Adidas has pushed back on the allegations.
A group of corporate Amazon workers upset about the company’s environmental impact, recent layoffs and a return-to-office mandate is planning a walkout at the company’s Seattle headquarters Wednesday.
The lunchtime protest comes a week after Amazon’s annual shareholder meeting and a month after a policy took effect requiring workers to return to the office three days per week.
“We respect our employees’ rights to express their opinions,” the company said in a statement.
As of Wednesday morning, more than 1,900 employees had pledged to walk out around the world, with about 900 in Seattle, according to Amazon Employees for Climate Justice, a climate change advocacy group founded by Amazon workers. While some plan to gather at the Amazon Spheres — a four-story structure in downtown Seattle that from the outside looks like three connected glass orbs — others will participate remotely.
Some employees have complained that Amazon has been slow to address its impact on climate change. Amazon, which relies on fossil fuels to power the planes, trucks and vans that ship packages all over the world, has an enormous carbon footprint. Amazon workers have been vocal in criticizing some of the company’s practices.
In an annual statement to investors, Amazon said it aims to deploy 100,000 electric delivery vehicles by 2030 and reach net-zero carbon by 2040. But walkout organizers contend the company must do more and commit to zero emissions by 2030.
“While we all would like to get there tomorrow, for companies like ours who consume a lot of power, and have very substantial transportation, packaging, and physical building assets, it’ll take time to accomplish,” Brad Glasser, an Amazon spokesperson, said in a statement.
Glasser said there has also been a good energy on the company’s South Lake Union campus and at its other urban centers since more employees returned to the office. More than 20,000 workers, however, signed a petition urging Amazon to reconsider the return-to-office mandate.
“As it pertains to the specific topics this group of employees is raising,” Glasser said, “we’ve explained our thinking in different forums over the past few months and will continue to do so.”
In a February memo, Amazon CEO Andy Jassy said the company made its decision to return corporate employees to the office at least three days a week after observing what worked during the pandemic. Among other things, he said senior leadership watched how staff performed and talked to leaders at other companies. He said they concluded employees tended to be more engaged in person and collaborate more easily.
In a note asking Amazon employees to pledge their participation in the walkout, organizers said Amazon “must return autonomy to its teams, who know their employees and customers best, to make the best decision on remote, in-person, or hybrid work, and to its employees to choose a team which enables them to work the way they work best.”
The walkout follows widespread cost-cutting at Amazon, where layoffs have affected workers in advertising, human resources, gaming, stores, devices and Amazon Web Services, the company’s cloud computing division. The company has cut 27,000 jobs since November.
Like other tech companies, including Facebook parent Meta and Google parent Alphabet, Amazon ramped up hiring during the pandemic to meet the demand from homebound Americans who were increasingly shopping online to keep themselves safe from the virus.
Amazon’s workforce, in warehouses and offices, doubled to more than 1.6 million people in about two years. But demand slowed as the worst of the pandemic eased. The company began pausing or canceling its warehouse expansion plans last year.
Amid growing anxiety over the potential for a recession, Amazon in the past few months shut down a subsidiary that’s been selling fabrics for nearly 30 years, shuttered Amazon Care, its hybrid virtual, in-home care service, and closed Amazon Smile, a philanthropic program.
Sean “Diddy” Combs is suing alcohol giant Diageo for allegedly breaching their partnership deal for a brand of tequila, leveling accusations of racism at the company and claiming it has treated his product line “worse than others because he is Black.”
In a complaint filed Wednesday (May 31) in New York court, attorneys for the star’s Combs Wines and Spirits claimed that Diageo had “typecast” his DeLeon Tequila as a “Black brand” that could only be sold to “urban” consumers, harming its sales and potential for growth.
“Cloaking itself in the language of diversity and equality is good for Diageo’s business, but it is a lie,” Combs’ lawyers wrote. “While Diageo may conspicuously include images of its Black partners in advertising materials and press releases, its words only provide the illusion of inclusion.”
Combs claims the “unequal treatment” DeLeon has received from Diageo has left his brand lagging behind competing Diageo brands like Casamigos and Don Julio — and that the company then used those lower sales figures to offer even less support for the brand.
“Combs Wines seeks to finally put an end to Diageo’s longstanding misconduct,” the star’s lawyers wrote. “Diageo must be ordered by a court to give Combs Wines the same treatment it gives its other, successful tequila brands. It is time that Diageo’s actions match its words.”
In a statement to Billboard, a Diageo spokesperson said the company was “disappointed our efforts to resolve this business dispute amicably have been ignored, and that Mr. Combs has chosen to damage a productive and valued partnership.”
“This is a business dispute, and we are saddened that Mr. Combs has chosen to recast this matter as anything other than that,” the company said. “Our steadfast commitment to diversity within our company and the communities we serve is something we take very seriously. We categorically deny the allegations that have been made and will vigorously defend ourselves in the appropriate forum.“
In technical legal terms, the lawsuit claims that Diageo has violated a specific provision of the operating agreement that governs the Combs-Diageo joint venture that owns DeLeon. It’s not entirely clear what that provision requires — much of the legal complaint is heavily redacted — but the lawsuit claims it was included in the deal to ensure equal treatment.
“Because he knows that contracts matter more than press releases, Mr. Combs insisted that Diageo agree to certain terms to ensure his brands were not ignored or relegated to second-class status,” Combs’ lawyers wrote.
Among other alleged breaches, Combs claims Diageo violated that provision by placing DeLeon in “far fewer outlets than its other tequila brands” and failing to produce enough of it to keep store shelves stocked.
But Combs’ lawyers repeatedly stressed that their case was not simply a run-of-the-mill breach of contract lawsuit: “Similar to the realities experienced by many people of color in the United States, Diageo’s treatment of its business relationship with Mr. Combs was tainted by racial prejudices.”
At one point, Combs claims he was directly told that “things would be different if he were a white, not Black, celebrity.”
“Diageo, in other words, openly admitted that it viewed Mr. Combs merely as a Black man thatmight prove useful in marketing to Black consumers,” Combs said. “Nothing more.”
Read the entire complaint against Diageo here:
Reservoir Media on Wednesday reported that revenues grew by 13% during its most recent fiscal year, as investments in record labels and artists rights in the Middle East added to its growth from acquiring works by North American artists like Louis Prima and Dion.
Reservoir reported $122.3 million in revenue for their fiscal year 2023 ending March 31, driven by a 9% increase in music publishing revenue and an 18% increase in recorded music revenue, both helped by the digital release of De La Soul‘s first six studio albums in early March. The legendary rap trio’s catalog netted 12.5 million U.S. song streams and sold 28,000 albums in its first week streaming, according to Luminate.
Founded in 2007, Reservoir said it grew by 8% organically and finished at the top-end of its financial targets in fiscal 2023 despite a 1%-decline in fourth quarter revenue driven by lower performance, sync and other revenues in its music publishing division, which suffered from a tough comparison to a strong year-ago quarter.
Fourth quarter music publishing revenue of $23.2 million was off 8% from the year-ago quarter when Reservoir benefitted from a one-off event in Dubai. Recorded music revenue in the quarter rose 10% to $10.8 million, in part due to the outsized performance of De la Soul’s catalog.
Reservoir has made investing in emerging markets a key prong of its growth and diversification strategy, and on a call with analysts, Reservoir CEO Golnar Khosrowshahi referred to it as “highly important to our overall strategy … as we work to become the largest holder of Arabic music copyrights.”
With its partner PopArabia, an independent music company headquartered in the United Arab Emirates, Reservoir has acquired stakes in the Egyptian label 100COPIES, the Lebanese label and music publisher Voice of Beirut and signed publishing deals with Egypt’s Mohamed Ramadan, Lebanon’s Zeid Hamdan and Moroccan hip-hop star 7liwa. In January, Reservoir announced signed publishing deals for the catalogs and future works of Indian rappers MC Altaf and D’Evil and the producer Stunnah Beatz.
Funds like Reservoir also grow inorganically through acquisitions of song catalogs, and over its past fiscal year it acquired rights by “the Saxophone Colossus” Sonny Rollins and Dion, best known for “Runaround Sue” and “The Wanderer.”
Reservoir’s chief financial officer Jim Heindlmeyer told analysts that the company expects 6% revenue growth f 9% growth for adjusted earnings before interest, tax, depreciation and amortization for this fiscal year, compared to midpoint of its 2023 guidance ranges.
“Our outlook includes strong top-line growth expectations and margin expansion across our business segments as we continue to see a positive impact on profitability from our strategic acquisitions and benefit from secular tailwinds across the music industry,” Heindlemeyer said.
After a whirlwind week of litigation, Adidas has abruptly dropped a federal court case aimed at freezing $75 million held by Kanye West’s Yeezy brand, saying it will instead pursue the money solely through private arbitration.
In a legal filing Tuesday evening, attorneys for Adidas and Yeezy said they had reached an agreement that would see the sneaker giant voluntarily dismiss the case. It came just hours after a federal judge refused to grant Adidas an emergency order re-freezing the $75 million held by Yeezy.
But the dismissal is hardly the end of the dispute. Adidas and Yeezy will continue battle it out in a private arbitration case, in which Adidas will likely argue that that West’s “offensive conduct” caused the breakdown of their long-standing partnership.
Adidas, which operated a lucrative sneaker collaboration with West for nearly a decade, was one of many companies to terminate its relationship with the embattled rapper (sometimes known as Ye) last fall in the wake of his antisemitic statements and other erratic behavior.
It’s been a messy breakup for Adidas. The split contributed to a loss of $655 million in sales for the last three months of 2022, helping drive the company to a quarterly net loss of $540 million. Last month, CEO Bjorn Gulden said the company would begin selling its $1.3 billion worth of unsold Yeezys, but would “donate money to the organizations that help us and were harmed by what Ye said.”
Days after Adidas announced the split with West, newly-unsealed court records show that it demanded Yeezy return $75 million that had allegedly been deposited in its accounts. When Yeezy refused, Adidas secretly filed its case in federal court, seeking a so-called “attachment” order immediately freezing those funds. While the real issues will be decided via arbitration, Adidas wanted the court to use its power to ensure that the money did not disappear while those private proceedings play out.
Court records show that Judge Valerie E. Caproni quickly granted the asset freeze in November, doing so not only in secret, but also on an “ex parte” basis — meaning without giving West or Yeezy a chance to make counter-arguments. Adidas argued, and the judge agreed, that there was a serious risk that Yeezy would have moved the money if given advanced notice.
But last week, after Yeezy’s attorneys challenged the freeze order, the judge finally lifted it — ruling that Adidas had run afoul of procedural requirements for such asset attachments and had thus “deprived” Yeezy of a fair chance to fight back.
In the wake of that order, lawyers for Adidas scrambled to have it reimposed. They argued that Yeezy currently holds $75 million “to which it has no legal right,” and warned that a court order was needed to maintain the status quo.
“Yeezy is likely to comingle the funds with an unknown balance of funds in its possession at other financial institutions, such that it would be more difficult if not impracticable to audit those accounts and determine which monies are owned by Adidas,” lawyers for Adidas wrote. “In addition, Ye faces a clear risk of insolvency, giving rise to a risk of irreparable harm.”
But this time, Judge Caproni was unswayed. While she said that Adidas would likely win its arbitration case against Yeezy, the judge ruled that the sneaker company had not met the difficult legal requirements for a new temporary restraining order: “Adidas’s motion for a TRO is denied.”
While the ruling only denied the emergency motion, Adidas could have still won a more conventional order in the coming days reimposing an asset freeze on Yeezy. But hours after Judge Caproni’s ruling, Adidas moved to drop its federal case.
Looking ahead, it’s unclear how long the pending arbitration case will take to play out, or what exact issues are being disputed. But in court documents, Adidas has said that West’s “racist, antisemitic, and other offensive public statements and conduct” caused “considerable damage to its brand.”
“Adidas has multiple causes of action against Yeezy, resulting from Ye’s highly public and offensive conduct described above, which violated the terms of the Agreement and justified adidas’s termination of that contract,” the company wrote. Those broader causes of action, as well as the dispute over [issues], will be resolved through arbitration.”
Reps for both sides did not immediately return a request for comment.
Facet Records will now grant songwriters three percentage points (colloquially referred to as “points”) on every recording they release from the label’s share of the track, founder Justin Tranter tells Billboard. A songwriter with credits on hits like Imagine Dragons’ “Believer” and Justin Bieber’s “Sorry,” among others, Tranter hopes to start a trend of labels sharing master income with songwriters and to bolster “the middle class of songwriters” that they feel has “been decimated” in recent years.
Home to emerging talent like Jake Wesley Rogers, Shawn Wasabi, Shea Diamond and YDE, with today’s announcement Facet Records is “the first company in the world to make this a standard practice,” says the company founder. While already revered hitmakers, such as Tranter, can occasionally negotiate for a half or single point on the master recording, working class songwriters typically never see revenue or ownership on the master side, “unless they also produced the song,” says Tranter.
The independent label’s team opted to offer three points specifically because it will align songwriters with the industry standard already granted to producers on the recorded music side. Historically, producers earn anywhere between one to five points on a master, given their role in the recording process. The three points will never be taken out of the artists’ share of the song at Facet Records and will be shared equally with all the songwriters on a track that are not also an artist or producer.
“I figured instead of complaining and begging for change, I could fight the good fight myself first and at least do what I can to control the situation,” says Tranter. “Songwriters are the backbone of the business, the embryo, but only a few writers are living a life like mine, most everyone is left to starve.”
Earning a livable wage as a working songwriter has become harder in recent years due to a convergence of factors. In general, the publishing side of music produces less royalties than the master recording side does, but now, during the streaming era, songwriters face additional challenges. In a time of physical media like CDs, cassettes and vinyl, songwriters across all of the album’s tracks would get paid evenly for sales of full albums, meaning that even if the songwriter wrote on a less popular track, they could still see decent income, even if their song did not make it to the radio, where many songwriters say is where the real money is. The emergence of single downloads, and now streaming, has created an increasing disparity between the income generated by radio singles and a regular album track.
While artists can bolster their income by looking to brand partnerships, touring and other revenue sources, songwriters are left to pay their bills with streaming, radio and sales alone. While the Copyright Royalty Board proceedings have led to some increases in U.S. streaming rates for songwriters in recent years, many feel it is not enough.
In 2021, Tranter — along with other hitmakers like Emily Warren, Ross Golan, Tayla Parx, Victoria Monét, Savan Kotecha and Joel Little — created an advocacy group called The Pact to voice some of the issues facing the modern songwriter. Among their grievances, The Pact noted that artists who do not contribute to writing the song now expect “particularly aggressive” cuts of the publishing, something most songwriters do not have the leverage to refuse.
There are also other, more universal difficulties songwriters today have to account for, including inflation and cost of living increases, the latter of which has particularly hurt Nashville songwriters.
When asked if Facet would adjust another area of its business to account for losing the three points of income, Tranter says though they expect the change to be an “accounting headache” they add, “if I’m lucky enough to have a hit song where we own or co-own the master, that’s going to be great. I don’t need to make this up. In my opinion, labels are being greedy, they’re just being f-cking greedy.”
Tranter hopes that by opting to announce the new standard publicly that “it will inspire other labels to follow.” “We especially need the major labels to join this if we want it to be a real thing, but if it inspires other smaller labels, who can make this change quickly and overnight like I did, and it gets majors to at least have the conversation, then that’s a step forward.”
Three years after initially teaming up, JYP Entertainment, Imperial and Republic Records are going all in on their strategic global partnership, with the three companies now set to collaborate across the entire JYP Entertainment roster, Billboard can reveal.
According to a press statement, the enhanced label partnership will include worldwide distribution of artists and catalogs, A&R, marketing and business development.
While the Republic/Imperial push already powers JYP groups TWICE, Stray Kids and ITZY, the expanded deal includes newer acts like girl group to watch NMIXX and rock band Xdinary Heroes. JYP Entertainment currently houses nearly a dozen acts, with many members of its groups also active as soloists under the label.
Billboard first broke the news in early 2020 of JYPE and Republic linking to grow TWICE’s presence in the United States. Since then, the K-pop girl group has not only seen massive growth, most recently earning their highest chart position and biggest sales week ever in the United States when Ready to Be debuted at No. 2 on the Billboard 200. Last year’s expansion, which brought boy band Stray Kids and female quintet ITZY into the fold, has resulted in two No. 1s on the Billboard 200 for the former and a top 10 album on the chart for the latter. And in July, TWICE member Nayeon became the first-ever K-pop soloist to enter the top 10 of the Billboard 200 with her debut solo album, IM NAYEON: The 1st Mini Album.
Prior to its Imperial/Republic partnership, JYP had a global digital and physical distribution deal with The Orchard that was struck in 2019.
“It has been a continuous journey of astonishing achievements through the strengthening of mutual trust as loyal partners,” said JYP Entertainment CEO Jimmy Jeong. “The expansion of this partnership between these leading music companies will sculpt the next vision of K-pop, opening up a new chapter together.”
Republic Records founder/CEO Monte Lipman added, “This partnership was born out of mutual respect and admiration. We recognize the incredible opportunity to be at the forefront of the next K-pop explosion. The potential is limitless.”
Next up for JYP, Republic and Imperial is the Friday (June 2) release of Stray Kids’ new full-length album, 5-Star, which could become the boy band’s third consecutive No. 1 on the Billboard 200. A teaser video of the group’s upcoming single, “S-Class,” has amassed about two million views on YouTube since its May 29 release.
Two Sony Music Nashville artists have announced their exits from the label, according to recent social media posts.
Rachel Wammack, who signed to the label in 2018 and released songs including “Enough” and “My Boyfriend Doesn’t Speak for Me Anymore,” revealed via a series of Instagram videos that she parted ways with the label late last year.
“I’m really thankful for the time that I had there, and all the opportunities that I got, It’s amazing really,” she said in one of the videos. “I’m really thankful for that time. Now I am an independent artist. There’s so much to unpack, but I’m very excited for this new chapter and all the blessings that really come with being an independent artist.”
Wammack also unveiled an unnamed new song about not giving up and staying committed to your dreams, with the singer saying, “It’s really cool to share a sound with y’all that I’ve wanted to share for a really long time.”
Meanwhile, Australian duo Seaforth, who signed with Sony Music Nashville’s RCA Nashville imprint in 2018 before shifting to the Arista Nashville imprint in 2021, relayed the news to fans this week that they have exited the label after the Arista Nashville imprint shuttered in March. During their time with Sony, Seaforth — comprised of Tom Jordan and Mitch Thompson — issued music including the single “Love That,” the Mitchell Tenpenny collaboration “Anything She Says” and the Jordan Davis collaboration “Good Beer.”
Jordan and Thompson shared the news of their departure on social media, saying, “As of today, we have amicably parted ways with Sony Nashville and are officially a fully independent artist. Sony was great to us, supported us when times were tough, and we owe a lot to them for what we have achieved thus far.”
The duo added, “Over time, it just honestly became a very emotional challenge for us to persevere through certain things behind the scenes. Although it ultimately took us a while to get here, anyone who knows us knows it’s the best decision for all parties involved, Sony included…we truly believe that a big change like this will inspire a whole new life for Seaforth, and it honestly already has.”
Seaforth also revealed that their upcoming independent single, “Get the Girl,” will release on June 16.
Sony Music Nashville did not respond to Billboard‘s request for comment by press time.