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As the pandemic was waning, John Summit, an emerging Chicago DJ whose music had blown up online during lockdown, had a plan to translate that internet presence to real life. “Our strategy was to be everywhere,” says Summit’s manager, Holt Harmon. “Like, omnipresent.”
In 2021 and early 2022, Summit and his team canvassed North American nightclubs as they reopened, showing promoters (and themselves) that Summit’s online hype could turn into in-person fun. In May 2021, he sold out a 500-capacity venue in Tempe, Ariz., in just 12 seconds.
The team then transitioned from clubs to 2,000-capacity rooms, investing profits into production for stage rigs. “We were smart with how we were living at the time,” Harmon says. “I did everything from a kitchen table with my business partner, and John was working from his parents’ house.”
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Since then, Summit has sold out headlining sets at Los Angeles’ BMO Stadium and Madison Square Garden in New York, with a three-night stint at L.A.’s Kia Forum set for mid-November. The large-venue bookings function as part of a three-pronged touring plan for Summit, which also includes his intimate Experts Only shows at clubs and festival sets as Everything Always, Summit’s duo project alongside Australian producer Dom Dolla.
The hybrid approach allows for different creative opportunities: Experts Only parties, for instance, offer no-frills production and let Summit stay close to his audience and test new music. They’re also easy to take on the road, often in destination venues like The Caverns in Pelham, Tenn. (“My goal is Experts Only Alps,” says Summit, who named the party, and his label, after his love of skiing. “That would be f–king sick.”)
Arena and stadium sets, meanwhile, satisfy massive audiences, including fans who might just be getting into electronic music through Summit’s accessible style of progressive house. And Everything Always lets two artists unite to play “bigger, more impactful things than if it was [them] separately,” Harmon says, such as the duo’s Coachella performance in April. “People ask how we keep cycling through markets year after year,” says Harmon, who is also co-founder and CEO of management firm Metatone. “It’s that we can come through as three different forms.”
The plan is to do it again internationally. With 50% of Summit’s 2025 touring happening overseas, Harmon says “the future of John Summit is a global business.” Now, Summit’s biggest sets require a crew of 180 and cost approximately $1.5 million to produce. But despite the growth, the essential goal remains the same as it was in the early days. “I’m still working from the kitchen table,” Summit says, “but it’s my own kitchen table now.”
This story appears in the Oct. 26, 2024, issue of Billboard.
Rapper Lil Durk was arrested late Thursday (Oct. 24) in Florida on a federal murder-for-hire charge, hours after several of his alleged associates were indicted on similar charges over their alleged involvement in a shooting aimed at rapper Quando Rando.
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The Chicago rapper (Durk Devontay Banks) is being held in Broward County jail on behalf of the U.S. Marshals Office, according to Broward Sheriff’s Office inmate records. Charges are not yet public in court records, and additional details on the case against him are not yet available.
The star’s attorney, Brian Bieber, confirmed to Billboard that Durk was in custody and would have an initial court appearance in Florida federal court on Friday.
Durk’s arrest came hours after Los Angeles federal prosecutors unsealed an indictment against several alleged members of Durk’s Only the Family (OTF) hip-hop group. The five men — Kavon London Grant, Deandre Dontrell Wilson, Keith Jones, David Brian Lindsey and Asa Houston — are charged with murder-for-hire and murder-for-hire conspiracy.
In the indictment, prosecutors say the five men were behind a 2022 shooting in Los Angeles aimed at Quando Rondo (Tyquian Bowman) that left his cousin dead. They say that shooting was ordered by an unnamed co-conspirator in retaliation for a 2020 shooting in Atlanta, in which a Rondo associate allegedly shot and killed Chicago rapper King Von (Dayvon Bennett).
“After the [2020] murder, Co-Conspirator 1 made clear, in coded language, that Co-Conspirator 1 would pay a bounty or monetary reward, and/or make payment to anyone who took part in killing T.B. for his role in D.B.’s murder,” prosecutors write, using Rondo and Von’s initials.
Durk is not charged or mentioned in the earlier case.
King Von, a rising rapper in Chicago’s drill scene and a childhood friend of Durk, was shot and killed outside an Atlanta nightclub on Nov. 6, 2020, after an argument between two groups turned into a fight in the parking lot. A 22-year-old man named Timothy Leeks, reportedly an associate of Rondo, was arrested days later, but the case was eventually dropped.
Two years later, on Aug. 19, 2022, Rondo and associate Lul Pab (Saviay’a Robinson) were ambushed by gunmen while sitting in their car at a Los Angeles gas station. Rondo emerged unscathed, but Robinson later died at the hospital.
According Thursday’s indictment, that killing was allegedly carried out by OTF members Grant, Wilson and Houston, as well as by Jones and Lindsey, who prosecutors say were “members of other gangs in Chicago.” They allege the group “used two vehicles to track, stalk, and attempt to kill T.B. by gunfire — including with a fully automatic firearm — resulting in the death of S.R.”
Prosecutors say the group carried out the attack on orders from the unnamed “Co-Conspirator 1” in retaliation for the earlier King Von slaying. At one point, that unnamed conspirator allegedly texted another co-conspirator: “Don’t book no flights under no names involved wit me.”
“Co-Conspirator 1 would place bounties on individuals that Co-Conspirator 1 and other OTF members wanted to kill, including T.B.,” prosecutors write in Thursday’s indictment. “As part of the bounty, co-conspirators … would pay anyone who took part in the killing of T.B. and/or reward individuals with lucrative music opportunities with OTF.”
Time to drop the needle on the latest Executive Turntable, Billboard’s comprehensive(ish) compendium of promotions, hirings, exits and firings — and all things in between — across music.
Read on for (mostly) good news and also check out Billboard‘s annual list of top executives leading the live sector, plus our weekly interview series spotlighting a single executive, our helpful calendar of notable events, and have you ever wanted to look at tchotchkes inside the office of an executive while reading their in-depth answers to the most important questions facing the biz? From the Desk Of is probably your jam.
Gayle Troberman, iHeartMedia’s chief marketing officer for the past decade, is transitioning to a senior advisory role. In a joint memo to staff, chief executive Bob Pittman and president and COO Richard Bressler praised Troberman’s “major impact” on innovation and brand development efforts at the radio giant, adding, “we fully expect her influence to continue in her new role. We’re grateful for her innovative thinking and insights, and we’re pleased she will continue to contribute to the company.” In her advisory role, Troberman will continue leading thought leadership initiatives, including the “New American Consumer” studies, and remain active at key industry events like CES and Cannes Lions. Prior to iHeart, Troberman was CMO at IPG Mediabrands and spent a high-impact 16 years at Microsoft, where she was chief creative officer during rollouts for the Xbox, Bing and other major brands. A successor has not been announced.
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RADIO, RADIO: Lauren Burrows Coleman is joining Beasley as chief financial officer, effective Nov. 1, succeedinmg retiring CFO Marie Tedesco, who served for 33 years. Burrows Coleman previously led global financial operations at Wayfair and has held leadership roles at WindSail Capital Group, Wind Point Partners, GE Capital and Lehman Brothers … Jim Malito joined Black River Entertainment as director of radio promotion west coast. He continues to be based in Phoenix. Malito’s career includes time at Warner Music Nashville, BBR Music Group, and most recently Stone Country Records, where he served as vp of radio promotion and marketing … and Big Loud senior director of media Jess Anderson wrapped a three-and-a-half-year run with the label on Oct. 17, with plans to take a new position next month. She had just been promoted in August.
Triller Group unveiled Kevin McGurn as its next CEO, effective in November, when “further enhancements” to the TikTok rival’s leadership will be announced. McGurn, with experience at T-Mobile, Vevo and Hulu, has a strong track record in driving innovation and fostering growth, with achievements including leading Vevo’s global expansion and building Hulu’s sales team. Meanwhile, 1-800-Flowers.com founder James McCann joins Triller’s board as chairman of the nominations committee. McCann brings over 40 years of leadership experience, having served in governance roles at Willis Towers Watson and International Game Technology. Finally, former Triller CEO Bobby Sarnevesht will remain on the board, providing strategic guidance to McGurn and other leaders. “Our renewed focus means Triller Group is well positioned to deliver best in class entertainment, when, where and how our fans watch it,” said McGurn. “We will continue to build from our strong roots in vertical video, music and sports, and optimise our expertise in mobile and connected television.”
Isabel Quinteros
Jen, an ethically-trained AI music creation platform, appointed TikTok’s former global head of music partnerships Isabel Quinteros as senior vice president of marketing and industry relations. In her new role, Quinteros will develop a scalable framework to help artists monetize their contributions, fostering a sustainable model for AI-driven music creation. She’ll work closely with cofounder Shara Senderoff. Quinteros, a public relations expert, joined TikTok in 2019 and helped transform it into a key platform for artists, supporting artists in every phase of their careers. She also co-launched TikTok’s first IRL concert and led DEI initiatives, earning industry recognition. Senderoff praised Quinteros as a game-changer who can “bridge the worlds of music and tech, while keeping talent at the center,” while co-founder Mike Caren highlighted her skills in partnership-building and innovation, adding, “I’m confident that under her leadership, Jen will set a new standard for how AI can elevate creativity while ensuring artists remain at the heart of the process.”
Frontiers Label Group, the Italian metal label, appointed Amy Pugh as global digital marketing & social media manager. With over 15 years of industry experience, Pugh is the founder of digital marketing agency 10/13 Media and has held key roles at Sony Music Publishing, EMI, Universal Music Group and Stingray Music. She has managed or worked on global campaigns for a slew of major artists, including Taylor Swift, Metallica, Wu-Tang Clan and Foo Fighters, among others. FLP president Serafino Perugino expressed enthusiasm for Pugh’s “massive expertise and fresh approach,” adding he’s “thrilled at the prospect of the added value that she will bring to the label and our artists.” Pugh, already a fan of several Frontiers acts — the label’s roster includes Blue Öyster Cult, Stryper, Winger and more — looks forward to contributing to the label’s success through innovative campaigns and projects.
The Academy of Country Music revealed its newly-elected board of directors for the 2024-2025 term. Previously announced officers for the ACM’s 2024-2025 term are Randy Bernard (chair), Cris Lacy (vice-chair), Jeff Krones (vice president), Carmen Romano (treasurer), Gayle Holcomb (sergeant-at-arms), Duane Clark (parliamentarian) and Tommy Moore (secretary). Newly elected board of directors members are Adam Weiser, Becky Gardenhire, BJ Hill, Cameo Carlson, Chandra LaPlume, Cyndi Forman, Deana Ivey, George Couri, Jon Loba, Kristie Sloan, Lee Thomas Miller, Marcel Pariseau, Margaret Hart, Martha Earls, Meredith Jones, Scot Calonge, Scott Scovill, Tim Roberts and Ward Guenther. Newly appointed director-at-large members of the board of directors are Aaron Spalding, Andy Moats, Benson Curb, Candice Watkins, Chris Lisle, Cindy Mabe, Curt Motley, Emily Falvey, Howie Edelman, Jeremy Holley, Matt Cottingham, Rod Phillips, Sally Seitz, Shawn McSpadden, Storme Warren and Tim Foisset. –Jessica Nicholson
The Orchard appointed Jeeyoung Lee as head of South Korea, overseeing operations from Seoul and reporting to evp and head of strategy, Prashant Bahadur. Lee, with nearly 20 years of experience at companies like Warner Bros. Discovery and CJ E&M, will manage label relations, release strategies, global distribution and regional support. Additionally, Sungho “Jake” Bae has been named director, Asia Pacific Region, Artist and Label Services. Bae, also based in Seoul, focuses on release strategies and cross-country marketing, drawing on previous experience at Spotify and Big Hit Music, where he played a key role in BTS’s global success. John Park, svp of strategy and corporate development, will now focus on business opportunities in Korea, working closely with Lee on new signings and partnerships. The Orchard’s Korean roster features artists from Starship Entertainment, ABYSS, Eric Nam and more.
OpenPlay Inc. hired Chris McMurtry as senior solutions architect to enhance the platform’s features for label and publisher clients. McMurtry brings over 20 years of music tech expertise, having led product development at companies like Artist Growth, PEX and Exactuals, where he launched RAI, a machine learning tool designed to enhance song metadata. Earlier in his career, McMurtry founded Dart Music, an automated digital distribution platform specializing in complex metadata. His industry impact earned him recognition on Billboard’s 2019 Digital Power Players list.
Berklee made it official with Michael Shinn as executive director of Boston Conservatory at Berklee, effective Oct. 28. Shinn, who has served as interim executive director since August 2023, will lead new initiatives, programs and collaborations while contributing to Berklee’s strategic planning. During his interim tenure, he expanded the dance division, raised over $4.2 million, hired more than 30 faculty members and recruited a new dean of theater. Previously, Shinn was the Conservatory’s dean of music for six years. Before Berklee, he chaired keyboard studies at Juilliard, his alma mater, and also co-founded the pianoSonoma Music Festival. “Michael brings a wealth of leadership experience to the executive director role, as well as a passion for the development of the arts, arts education, and performing artists in a contemporary context,” said David Bogen, Berklee’s interim president. “He is incredibly collaborative and supportive of faculty, staff, and students.”
mtheory appointed Jared Losow as senior director of tour marketing and Dirk Lemmenes as vp of client relations. Losow, co-founder of Barley MGMT, will be based in NYC, while Lemmenes, former COO and management lead for Zac Brown Band, will work from Atlanta. Losow brings nearly 15 years of industry expertise, having worked at various indie labels and venues, plus he held leadership roles at In de Goot Entertainment, Relapse Records and the San Francisco Symphony. Lemmenes clocked over 20 years in artist management and operations. He has managed teams across marketing, finance and touring for Zac Brown Band and previously worked as a MTV music supervisor, a booking agent, record store owner and touring musician.
EastCoast Entertainment appointed Erin Collums as director of marketing. With over 12 years of experience in marketing and entertainment, Collums has managed campaigns for major sports organizations like the Carolina Panthers (NFL) and Charlotte FC (MLS). At ECE, Collums will focus on enhancing the brand’s national presence through developing digital strategies to engage audiences and foster growth across corporate events, performing arts, comedy tours and various private entertainment programming. ECE president John Wolfslayer called it a “significant milestone in the company’s evolution” that Collums is joining the team, seeing her appointment as a key step as the company approaches its 50th anniversary. Passionate about live events, Collums believes in the transformative power of music and performance and looks forward to helping ECE create memorable experiences for clients.
ICYMI:
Michael Rapino
New York City nightclub complex Avant Gardner hired Josh Wyatt as its new CEO … Jeff Jones is stepping down as the CEO of The Beatles’ Apple Corps Ltd after 17 years in the role … and Live Nation CEO Michael Rapino has been deposed in the ongoing litigation over the 2021 disaster at the Astroworld music festival. [KEEP READING]
Last Week’s Turntable: Capitol Hires Breaker of Artists
The pop duo LANY released their first four albums on a major label. But when they completed their contract, they decided to hunt for a different kind of business partner, one that would give them more control over their operations. “Autonomy is the future,” manager Rupert Lincoln told Billboard. LANY ultimately chose to work with Stem, a distribution company.
For decades, major labels demanded long-term contracts, obtaining multiple albums from the acts they signed, and made most of the money from those acts’ sales. The balance of power has shifted dramatically in the modern music industry, however, and so have artist contracts. More and more acts want distribution deals — short-term agreements where they retain ownership of their work and keep the majority of the income their music generates.
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As these have become more desirable, competition for high-performing artists seeking distribution deals has gotten fierce, according to a pitch deck Stem has sent to potential investors, which was obtained by Billboard. Stem “has lost numerous deals historically as it wasn’t able to be competitive with advances,” the deck states.
Other companies have also seen prices rise. “It is a much more competitive market” than it used to be, says Jorge Brea, founder and CEO of the distributor Symphonic. “All distros have to be well-funded to ensure they can put up money for deals.”
Historically, digital distributors didn’t help artists much with marketing or radio promotion; they were basically tech companies that made music widely available on places like iTunes and Spotify in exchange for a small percentage of sales. These low-overhead operations were a world away from an old-school major label, which had lots of manpower to promote artists around the world.
But ironically, as the distribution landscape has become sexier — “There have been more entrants,” Brea notes — many of these companies are starting to resemble labels. Increasingly, they try to differentiate themselves from rivals by offering bigger up-front payments to artists and more label-like services: assistance with digital marketing, playlist pitching to streaming services, or radio promotion.
Concerns about up-front payments and services feature prominently in Stem’s pitch deck. The company estimates that it lost out on $45.6 million dollars worth of business in 2022: $19.2 million in scenarios where Stem couldn’t meet an artist’s ideal “check size,” and $26.4 million in situations where it couldn’t compete on “check size + other services (Intn’l, radio).”
By Stem’s count, the number of lost business opportunities ballooned in 2023, tripling to $134 million. (If accurate, this number helps demonstrate how popular distribution deals have become recently.) “We’re tracking all the lost deals that we were actually in the conversation on,” says Kristin Graziani, Stem’s president.
The pitch deck zooms in on two artists in particular whom Stem lost to rivals: Aaron May, a rapper with a laid-back delivery who took an advance of $2.2 million elsewhere, according to the deck; and 6arelyhuman, an electronic act specializing in glitchy, thumping tracks who took an advance of $1 million. (A source close to May contends the number cited in the pitch deck isn’t accurate.) In both these cases, Stem couldn’t match the final check, though the presentation doesn’t say whether those artists also wanted services that the company couldn’t provide — or picked a rival distribution outfit for another reason altogether.
In July 2023, Stem announced that it had set up a $250 million credit facility from Victory Park Capital to provide artists with advances. But “some of the dynamics of our deal with Victory Park were still a little bit constraining in terms of allowing us to win the type of deals that we were seeing,” says Stem CEO Milana Rabkin-Lewis. “There are many other types of capital out there that have less restrictions,” she continues, “and those are the conversations we’re having” now.
Other companies are doing the same — Billboard reported in August that at least half a dozen independent music distributors that have been fundraising or exploring a sale. That said, investors may be wary of providing some of these businesses with additional money to help them win bidding wars over talent, according to Erik Gordon, clinical assistant professor at the University of Michigan Ross School of Business.
Stem’s adjusted EBITDA — earnings before interest, taxes, depreciation, and amortization — was -$5.2 million in 2022 and -$4 million in 2023, according to the company’s presentation; it’s projected to be -$3.8 million in 2024. In Gordon’s view, “investors are likely to take three consecutive years of EBITDA that is negative, even after management adjusts it, as a sign of problems.”
Rabkin-Lewis says that, although “the distribution business is profitable, the overall Stem company is not because we’ve invested a lot into Tone, which is a newer product.” (The adjusted EBITDA for the distribution part of Stem’s business was -$1.3 million in 2022 and $400,000 in 2023, according to the deck.) “We’ve been prioritizing gross revenue growth,” Rabkin-Lewis adds. The deck indicates that gross revenue rose by a little more than 4%, from nearly $88 million in 2023 to a projected number around $92 million in 2024.
Meanwhile, distribution deals for proven artists continue to get more expensive. “A lot of companies are throwing out cash-heavy distro deals that we have never seen before,” says Karl Fowlkes, an entertainment attorney. At Symphonic, Brea has watched some of his competitors enter into agreements he believes are “ridiculous.” “We’re aggressive when going after deals,” he adds, “but not to the point where it’s not going to make [economic] sense.”
Distributors have to be especially careful when it comes to chasing expensive deals, because the short-term nature of their contracts gives them little time to make their money back. And successful artists often decamp for a rival company, lured away by a bigger check or the promise of a more powerful services division that can propel them to even greater heights. Brent Faiyaz, who worked with Stem among other companies in the past, subsequently partnered with UnitedMasters, for example.
On October 4, Stem updated its terms of service to say that it is guaranteed a five-year license on any new music uploaded through its system. (As always, artists with more leverage can negotiate a shorter term.) This change raised eyebrows in some corners of the music industry, because the ability for artists to disentangle relatively quickly is a big part of why they choose to work with companies like Stem. “We feel like we’re finally at a point, from a services perspective, where we can demand longer licenses,” Graziani says. A five-year term is more in line with what a major-label-owned distributor like AWAL would ask for in negotiations with an artist.
This points to another lane for competition — not just check size and services offered, but license length. Independent distribution companies face an ongoing challenge: It can be hard to prevent artists from heading elsewhere without offering agreements that look more like the ones handed out in the major-label ecosystems.
“The supply of distribution is now almost infinite — you can get it anywhere,” says Emmanuel Zunz, founder of the independent label OneRPM. “In order to make money in distribution, you have to create value elsewhere. If you’re unable to create additional value, you get stuck.”
Only six months since launch, the “Feat. Nature” artist page on Spotify has generated major funding for conservation organizations.
On Thursday (Oct. 24) at the COP16 Biodiversity Conference in Cali, Colombia, organizers of the Sounds Right project — which launched the page on Earth Day in April — announced that $225,000 generated by the project will be donated to agencies working to protect areas of Colombia’s Tropical Andes, a region that boasts one of the world’s highest rates of biodiversity and native species.
Of that sum, $100,000 will go to Reserva Natural La Planada, which oversees 3,200 hectares of lands protected and governed by indigenous communities. Elsewhere, the Fundación Projecto Titi, which protects Colombian cotton-top tamarin monkeys in a 900-hectare reserve, will receive $80,000 over two years. FundaExpresion will receive $35,000 over two years, with the money going to community-led initiatives securing 450 hectares in the Andean forest, along with other local endeavors. And Jacana Jacana, an initiative focused on music, education and ecological awareness among children, will receive $10,000 over one year.
The recipients were selected by the Sounds Right Expert Advisory Panel, which is made up of conservationists and Indigenous rights activists. A representative for the project tells Billboard that the panel assessed projects based on their proven models of ecological and community impact, with a “strong intent to honor the communities whose ways of life nurture vital biodiversity strongholds, yet are often underfunded or overlooked.”
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Sounds Right organizers also announced the addition of seven new tracks to the “Feat. NATURE” artist page, with contributions coming from artists including Lykke Li, Ela Minus, AySay, Sam Lee, Alexis Taylor and Louis VI. The songs join a playlist that includes music by David Bowie with Brian Eno, Ellie Goulding, U.K. electronic outfit London Grammar, neo-soul and folk artist UMI with V of BTS, Indian artist Anuv Jain, Norwegian singer Aurora, and more, bringing the total number of songs on the playlist to 24.
As announced in April, songs on Spotify’s “Feat. Nature” artist page incorporate sounds of the earth, melding ocean waves, wind, bird calls and other nature sounds into original tracks and remixes. Since April, the playlist has generated more than 65 million streams from 7.5 million listeners in more than 180 countries, a representative for the project says.
“Feat. Nature” shares royalties with participating artists, with streaming income consistent with other artist payouts for music and ambient nature sounds on digital streaming platforms.
“We strive to leverage our platform for good and inspire, engage and educate listeners and the wider community to take climate action,” Spotify’s sustainability lead Hanna Grahn said in a statement. “Sounds Right is a fantastic initiative, leveraging the power of creativity and music to support nature. We are proud to be part of such impactful organizations and creators, and that nature finally is getting the praise she deserves.”
The rep for Sounds Right says that since launching, the “Feat. Nature” project has raised approximately $300,000 through royalties and institutional and individual donations, which are separate from the philanthropic funding that’s been raised to cover program costs. The organization will publish an annual impact report to show how income generated by the project through royalties and donations is being used.
Sounds Right was developed by the Museum for the United Nations — UN Live, a Copenhagen-based organization that uses culture to create local action and global change in collaboration with a variety of climate-focused partners.
Warner Music Group announced the launch of Warner Music Africa Francophone (WMAFR) on Thursday (Oct. 24).
The new venture will “spotlight incredible talent from Francophone Africa,” co-director Yoann Chapalain said in a statement. “It aims to connect diverse sounds and regions, elevate releases for maximum success, and expand the music’s reach globally.”
The launch comes at a time when demand for French-language music is growing. “Since 2019, French-language music streams have surged by 94%” on Spotify, the streaming service noted in a blog post in September.
“All regions of the world are embracing the richness and diversity of the French-language music scene,” according to Jeremy Erlich, head of music content at Spotify. “There’s been a sharp rise in the number of French-language music listeners on Spotify.”
Warner Music Africa Francophone will be a collaboration between Warner Music Africa, Warner Music France, and Africori, a distribution company. WMG previously announced that it acquired a majority stake in Africori in 2022.
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The company was working with around 7,000 artists at the time. “African music is booming all around the world and some of our artists are right at the heart of the explosion,” Yoel Kenan, CEO of Africori, said in 2022. “Through our partnership, Warner Music has proven that it is the perfect home for Africori and our artists going forward. I’m looking forward to continuing to work with them as we break more artists on a global scale.”
WMAFR will be led by Chapalain along with Marc-André Niang. Chapalain also serves as A&R Manager at Africori, and Niang continues on as A&R director, French-speaking African repertoire at WM France.
“It’s important for us to be able to create new synergies for the development and structure of the Francophone market in Africa,” Niang said in a statement. “While the region is steeped in both culture and talent, the ecosystem faces challenges. Our team will connect creatives and help shape the environment to drive cross-cultural success.”
Simon Robson, WMG’s president of recorded music for Europe, Middle East, and Africa, likened WMAFR to 91 North, a joint venture between Warner Music Canada and Warner Music India that launched in 2023.
“There’s a strong cultural trade route between France and West Africa,” Robson added. “WM Africa Francophone will help us support the artists in that space.”
The Music Sustainability Summit (MSS) has announced programming for its next event, which is set to take place on Feb. 3, 2025, at Solotech Studios in Los Angeles. Produced by the Music Sustainability Alliance (MSA), the second edition of the conference will focus on solutions to climate change’s effects on the music industry, with special […]
Two years after she became the first and only woman to debut at No. 1 on Billboard‘s Hot R&B/HipHop Songs as a producer this century — thanks to Nicki Minaj‘s Rick James-indebted “Super Freaky Girl” — Malibu Babie has found a new home.
On Thursday (Oct. 24), ONErpm announced that the artist/producer signed with the distribution and marketing company; “Baddie Bakery,” her new Flyana Boss-assisted single, is due Friday (Oct. 25).
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“Malibu Babie’s producer accolades speak for themselves and it’s time for the world to recognize her as an artist,” said Alex Ziabko, denior director of A&R at ONErpm, in a statement. “Malibu reminds us all to have fun from time to time. I’m thrilled to welcome such a strong, creative, forward-thinking artist to ONErpm.”
“I’m so excited to be releasing music with the ONErpm team” added Malibu Babie. “Alex & the incredible team of women he’s brought on to support me — Jenna LoMonaco, Julia McLeod, & Casey Childers, immediately understood my artistic vision and unique path as a producer/artist. I’m thrilled to bring my music to life with an innovative team who takes my mission to trailblaze as seriously as I do!”
In addition to her forthcoming new single with Flyana Boss — the hip-hop duo behind the 2023 hit “You Wish” — Malibu Babie is also prepping a new mixtape for 2025. Beginning Oct. 31, she will join Qveen Herby‘s The Alchemist tour as a supporting act. The trek will commence at The Novo in Los Angeles, visit major cities such as Toronto and New York, and conclude at The Fillmore Miami Beach in Miami on Nov. 23.
Recently, Malibu Babie has landed placements with Katy Perry and Kim Petras (“Gorgeous”), as well as official remixes of tracks from Sia and Kylie Minogue (“Dance Alone”) and Shania Twain (“Giddy Up!”). She released her debut mixtape, Malibu SZN, Vol. 1, in November 2022.
Hailing from Olympia, Wash., Malibu Babie graduated from Vanderbilt University, where she made an eleventh-hour decision during her senior year to ditch her law school aspirations and go all in on music. After six years of toiling in the industry — including a stint as a studio intern for a company called ZMG in Nashville — she finally struck gold with “Super Freaky Girl.”
Minaj’s 2022 smash debuted atop the Billboard Hot 100 chart dated Aug. 27, 2022, becoming Minaj’s first unaccompanied No. 1 hit on the chart. The “Super Freak”-sampling track also helped Minaj become the first solo female rapper to debut at No. 1 on the Hot 100 since Lauryn Hill did so with “Doo Wop (That Thing)” in 1998. The same week “Super Freaky Girl” reigned as America’s most-consumed song, Malibu Babie notched a second Hot 100 entry, this time with Megan Thee Stallion‘s “Her,” a house-inflected track from Megan’s Traumazine LP. That track, whose music video earned three nods at the 2023 MTV Video Music Awards, peaked at No. 62 on the Hot 100.
Live Nation CEO Michael Rapino must be deposed in the ongoing litigation over the 2021 disaster at the Astroworld music festival, the Texas Supreme Court says.
In a ruling last week, the high court denied Live Nation’s petition seeking to stop the deposition, rejecting its arguments that victims were simply seeking to depose the executive in order to “harass Live Nation and to coerce settlements.”
The Oct. 15 ruling, which left in place a trial judge’s decision this summer forcing Rapino to testify, came nearly three years after the 2021 incident, in which a crowd crush during Travis Scott’s headlining set left 10 dead and hundreds injured.
The disaster spawned hundreds of lawsuits against Live Nation, Scott and others, collectively seeking billions of dollars in damages. Many of those cases have since settled on private terms, but some victims are still moving toward a jury trial. A so-called bellwether trial had been scheduled to start this week but was pushed back to February after more settlements were reached.
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In seeking to block Rapino’s deposition, Live Nation’s attorneys argued that he was the kind of top-level “apex” executive who can’t typically be dragged into court cases. They said he was far removed from actual decision-making and was “not involved in the festival”, meaning he didn’t have any unique information for the lawsuit that couldn’t be gleaned from other sources.
“Mr. Rapino’s only connection to the festival was as Live Nation’s ultimate executive,” the company’s lawyers wrote. “Any knowledge he may possess was obtained from others who have knowledge superior to his own.”
But attorneys for victims argued that Rapino had played a more direct role in the operations of Astroworld than Live Nation was letting on. Among other evidence, they cited an email Rapino sent on the night of the disaster, instructing Live Nation’s festival director to wait for more information about the death toll before canceling the rest of the festival. “If 5 died we would cancel,” he wrote in the message.
“Remarkably, Live Nation claims that Rapino was not the decisionmaker on whether to cancel the Festival,” the lawyers for the victims wrote. “This email proves otherwise, and plaintiffs want an opportunity to examine Rapino about it.”
Following last week’s ruling, it’s unclear when Rapino’s deposition will take place. A spokesperson for Live Nation did not immediately return a request for comment on the court’s order.
As Billboard reported Thursday (Oct. 24), global royalty collections rose 7.6% to a new high of 11.75 billion euros ($10.9 billion, based on the average exchange rate for 2023), according to the Paris-based trade organization CISAC (the Confédération Internationale des Sociétés d´Auteurs et Compositeurs). That article covers the basic news — digital collections grew 9.6% to 4.52 billion euros ($4.18 billion); radio and television collections declined 5.3% to 3.37 billion euros ($3.11 billion) after a significant jump the previous year; and live and background music collections grew 21.8% to 3.06 billion euros ($2.82 billion), fueled mostly by a resurgent concert business. There’s more detail in the news article.
Now let’s take a longer-term look at the state of the market to see where all the recent growth has come from and what that implies about the future. Since 2019, the music collections business has grown from 8.92 billion euros ($8.24 million) to 11.75 billion euros ($10.9 billion), an increase of 31.7% over five years, which is annualized growth of more than 6%. That arguably presents a more accurate picture of market trends than year-by-year changes from this period, since the concert business was so disrupted by the pandemic.
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Most of that growth came from digital, which grew 119% — from 2.06 billion euros ($1.9 billion) in 2019 to 4.52 billion euros ($4.2 billion) last year. Perhaps more important, the 2.46 billion euros ($2.27 billion) of digital growth represents almost all the growth in the business during that time. And that growth is starting to slow. In 2023, digital growth slowed from 35.1% to 9.6%, which contributed to an overall slowing of growth from 29% to 7.6%. Some of that is inevitable — subscription streaming growth has leveled off in the U.S. and Western Europe, the biggest markets that traditionally drive the business. Together, the U.S., Western Europe and Canada account for almost 75% of collections revenue. Digital revenue will almost certainly keep growing — from price increases and new products, among other factors, but the wonder years of digital growth may be in the past.
The state of global royalty collections offers other reasons for optimism, though. First, a caveat: These numbers don’t provide a perfect picture of the music publishing business, or even public performance royalties, since some digital royalties are paid through direct deals. These numbers represent the best global picture of the collecting business available, though, and it seems safe to say that the direct deals, for which numbers aren’t available, roughly follow these trends. This almost certainly understates the growth of the music publishing business, though, since it doesn’t include U.S. mechanical publishing royalties, any synch rights and a variety of new kinds of deals.
The challenge for collecting societies is that the second largest source of revenue, from TV and radio play for compositions, does not seem to be growing. It was 3.4 billion euros ($3.14 billion) in 2019 and it’s now 3.37 billion euros ($3.11 billion) — a more significant decline than it seems, given inflation. Since this revenue is tied to TV and radio businesses in most markets, some of it seems to have gone to digital, which has replaced it as the most important source of revenue.
There’s more hope in the live business. The disruption of the pandemic made this hard to see, but live and background music royalties are growing steadily — from 2.71 billion euros ($2.5 billion) in 2019 to 3.06 billion euros ($2.83 billion) last year — a rise of 12.7%. That’s not so big, divided over five years, but live is growing faster than the rest of the category, and growth in ticket prices for the biggest tours will result in more royalty revenue in territories where that’s linked to ticket prices. That trend is expected to continue, too. That could make live music an important source of growth in both established markets and new ones.
Right now, the collecting society revenue breaks down as follows: 38.5% of money comes from digital; 28.7% from TV and radio; 26.1% from live and background music; 3.2% from CD and video sales; 2.4% from private copy levies (which the U.S. does not have); and 1.1% from other sources. How might that look five years from now? It’s hard to imagine digital climbing above half since that would imply a significant decline for TV and radio revenue. Live royalties should climb, maybe significantly, and background music revenue could climb in some markets, although it’s not likely to grow so much in the U.S. and Western Europe.
The origins of collections revenue will also change: There’s also really impressive growth coming from parts of the world that barely generated much revenue five years ago. Collections in Latin America rose 26.2% last year but 108.2% over the last two years, driven by Mexico and Brazil and the spread of streaming throughout Latin America. Right now, that impressive growth doesn’t change the overall picture much — the region still only accounts for 5.9% of collections revenue. But if that growth pattern continues, the market could become significant soon. Over the last five years, Latin America collections went from 4.1% of the global total to the aforementioned 5.9% share.
The same goes for some markets in Asia. Overall, there’s not much growth there — it’s down 0.3% because of Japanese currency fluctuations but up 6.8% on a constant currency basis. But Vietnam, Indonesia and the Philippines, where between 80% and 85% of collections revenue comes from digital, are up 270.4%, 111.6% and 325.8%, respectively, over the last five years. Those increases aren’t big enough in revenue terms to lift the overall business, but they’re growing fast enough that they could make a difference five years from now. Africa, hailed as having so much potential, seems to be stuck: It went from accounting for .7% of global music collections to .6%. That won’t matter much to overall revenue anytime soon. But it shows how the music business still faces serious challenges in Africa, as well as how those challenges impact real, working creators. These problems are complicated, but they are also urgent: Creators in Africa deserve better.
Growth is continuing in bigger markets, however; the top 10 markets grew 6.3% last year. Over the past five years, the U.S. and Canada grew 44.4% and 38.9% respectively, with the U.K., France and Germany up 44.5%, 34.7% and 20.2%. The strongest growth over that time took place in Korea, up 70.9%. The health and stability of the larger markets should make it easier for the fast-growing smaller ones to improve the entire business.