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Universal Music Group’s Def Jam Recordings is the latest major label imprint to venture into Web3 through the launch of a virtual band, The Whales. Comprised of cartoon NFT whale characters, the group’s debut full-length album has an all-star cast of producers and songwriters attached.
The deal is a partnership with The Catalina Whale Mixer, a collection of 5,555 NFT avatars on the Solana blockchain. Created by tech studio WAGMI Beach in December 2021, the concept of The Whales was born when co-founders Ben Willis and Joshua Andriano met with Def Jam’s DJ Mormile and Ryan Rodriguez. “We pitched the idea of a community-grown avatar group to DJ and [they] just got it,” says Willis. “To be working with Def Jam on releasing this one-of-a-kind new music project is a dream come true.”
Def Jam has not yet confirmed the musicians behind the project but says it will involve a “who’s who” of musical talent. The Whales’ first project will be released as a full-length album, while the group will tap into the broader Catalina Whales Mixer community to deepen the relationship between music and Web3 culture.
The virtual artist NFT playbook is becoming a trend among bigger record labels. The same concept was executed by 10:22PM — another Universal Music Group imprint — which licensed characters from the Bored Ape Yacht Club to create the animated band KINGSHIP. Warner Records’ Web3 subsidiary Probably a Label is also developing a virtual artist in collaboration with its 5,555 NFT holders through a voting system.
The team at WAGMI Beach — whose founders are music industry veterans themselves, previously at management company Indie Pop — believes this model will improve the way artists and labels engage directly with fans by letting them be part of the process. “At the core of all the NFT and Web3 attention is a fundamental technology change that will alter how music and art is consumed by generations to come,” said co-founder Alec Lykken. “This is our initial dive into what we believe to be an incredible new wave for artists and fans alike.”
Zach Bryan, whose “Something In The Orange” reached No. 1 on Billboard’s Hot Country Songs and Hot Rock & Alternative Songs charts, has signed a worldwide publishing deal with Warner Chappell Music. Warner Chappell declined to disclose terms of the deal.
Bryan, who is signed to Warner Records, has broken through as one of the brightest new artists of the past few years, including being named Billboard’s Top New Country Artist of 2022.
Los Angeles-based David Goldsen, WCM head of A&R, Australia and vp of creative, signed Bryan. “Zach is a truly generational songwriter and that was obvious from the first time I heard his music. Those songs then, along with countless more since, resonate with everyone who hears them. He’s a natural storyteller with an innate ability to write songs that are unapologetically raw and vulnerable. In a short amount of time, he’s captivated fans of all music, and we’re beyond lucky and thrilled to work with him.”
Goldsen began courting Bryan some time ago. “I’d like to personally thank David and the team over at Warner Chappell. I was just a confused kid in the Navy four years ago and they were the first people I talked to in the industry, literally,” Bryan said in a statement. “They never pushed a four-man writing team on me, they never asked me to do anything I didn’t want to do, they just believed in me. I owe them more than just support, I owe them back the faith they had in me as a barely 23-year-old Oklahoma kid walking around New York like a sore thumb.”
Bryan’s major-label debut, American Heartbreak, came out in May with Bryan penning all 34 songs by himself. It debuted atop Billboard’s Top Country Albums chart and hit No. 5 on the U.S. Billboard 200 chart. According to Warner Chappell, he has surpassed one billion global streams.
“Zach has already had a record-breaking start to his career and there’s so much more to come,” said Warner Chappell Music president of North America Ryan Press. “He isn’t afraid to do things differently, and it’s been incredible to see him become such a positive force in the industry and reshape how singer/songwriters release music. This is a huge moment, and we’re very proud to be on this journey together as he continues to carve out his own path.”
Bryan’s Burn Burn Burn North American Tour kicks off May 10 at John Paul Jones Arena in Charlottesville, Va.
BRISBANE, Australia — TikTok launches SoundOn in Australia, a tool that allows creators to upload their music directly, and get paid.
The new platform helps independent emerging artists navigate its service, upload music and get paid for its use, market and promote themselves on TikTok and distribute their music to outside DSPs.
SoundOn initially went live in Brazil and Indonesia in early 2022, then went out in the U.S. and U.K., also last year, before arriving this week for Australian users.
With SoundOn, TikTok becomes a music distributor, with a service that allows its users to upload their music to the likes of Spotify or Apple Music, in partnership with a third-party distributor.
Free to join in Australia, SoundOn promises to pay 100% of royalties to music creators in the first year, and offers help and advice from a dedicated, locally-based made up of a roster of homegrown music industry veterans, in addition to “TikTok music experts.”
SoundOn “can also distribute to other music platforms,” reads a statement, without identifying which streaming services or DSPs are currently on board.
The new offering at us.soundon.global or soundon.global opens for business in Australia with signings including Ashwarya, Aleksiah, The Drax Project, Roy Bing, Suzi Sings, Xanu, Kate Gill, Mikalya Pasterfield and CXLOE.
TikTok is a real hit with Gen Z in Australia, and is already a more popular social platform than Twitter among all internet users in these parts, according to data published in the Digital 2022 Australia report.
In separate news, TikTok confirms it is “running a test” in Australia over the coming weeks to analyze “how music is accessed and used on the platform.”
The results of those tests, observers say, could empower TikTok when the time comes to negotiate with its major label content partners on new terms.
“Not all music is included in this test and we do not expect it to impact everyone on TikTok,” reads a statement from the ByteDance-owned business. “While the test is underway, we expect that some of our users will not be able to access our full music and sounds library. For more than half of our community there will be no change to their experience and the test will not impact them.”
Hipgnosis Song Management has bought 100% of Tobias Jesso Jr.‘s interest in his publishing, including the writer’s share of performance, for 40 of his songs. All tracks included in the deal were released between 2015 and 2020, including “When We Were Young” by Adele, “Slow Hands” by Niall Horan, “You Get My Love” by P!nk, “If You Leave Me Now” by Charlie Puth, “Hallelujah” by Haim and “Malibu Nights” by LANY, as well as several songs Jesso released himself.
News of the deal arrives on the heels of the Grammys, where Jesso made history as the first person to win in the new Songwriter of the Year category. He was awarded the prize based on his extensive impact on pop music in the last year, penning songs like “Boyfriends” by Harry Styles, “Can I Get It” and “To Be Loved” by Adele, “Careless” by FKA Twigs, “C’mon Baby Cry” by Orville Peck, “Dotted Lines” by King Princess, “Let You Go” by Diplo and TSHA and “No Good Reason” by Omar Apollo. None of these songs are included in the Hipgnosis deal.
Hipgnosis Songs Capital is an investment vehicle established by Hipgnosis in conjunction with Blackstone. In October 2021, the New York-based private equity firm pledged $1 billion to further investment in music IP and holds a majority stake in the venture. HSC is considered separate from Hipgnosis Songs Fund, the London-listed acquirer of music publishing and recording rights. Led by founder and CEO Merck Mercuriadis, the company also includes Hipgnosis Songs Management, which manages Hipgnosis Songs Fund’s catalog.
Jesso was represented in the deal by his manager, Ben Persky at Mixed Management, and lawyer Nicky Stein at Clintons.
“Tobias is amongst the most important songwriters in contemporary music today as demonstrated by his winning the 2023 Grammy Award for Songwriter Of The Year, in its inaugural year,” said Mercuriadis in a statement. “I fell in love with his songs right from the get go with Goon eight years ago and he never fails to deliver. I’m delighted to welcome Tobias and his manager Ben Persky to the Hipgnosis family.”
All songs included in Hipgnosis’ purchase are listed in alphabetical order below.
“Alive” by Sia
“Ayala” by XXXTENTACION
“Bad Words” by Tobias Jesso Jr.
“Broken” by Madison Ryann Ward
“Bruised Fruit” by St. Paul & The Broken Bones
“Can We Still Be Friends” by Tobias Jesso Jr.
“Can’t Stop Thinking About You” by Tobias Jesso Jr.
“Crocodile Tears” by Tobias Jesso Jr.
“The End Of Love” by Florence + The Machine
“For You” by Tobias Jesso Jr.
“Grace” by Florence + The Machine
“Hallelujah” by HAIM
“Hollywood” by Tobias Jesso Jr.
“How Could You Babe” by Tobias Jesso Jr.
“How Do We Make It” by Jarryd James
“Hunger” by Florence + The Machine
“If He Won’t” by Guy Sebastian
“If You Leave Me Now” by Charlie Puth
“Just A Dream” by Tobias Jesso Jr.
“Lay Me Down” by Adele
“Leaving Los Angeles” by Tobias Jesso Jr.
“Malibu Nights” by LANY
“Marching Into The Dark” by John Legend
“Nice To Meet Ya” by Niall Horan
“Nice To Meet Ya (Diplo Remix)” by Niall Horan
“No Judgement” by Niall Horan
“Not Thinkin’ Bout You” by Ruel
“Not Thinkin’ Bout You (Remix) Ft. Goldlink” by Ruel
“Oh Lord” (from the soundtrack to Netflix’s The Get Down)
“Orlando” by XXXTENTACION
“Reasons” by Cautious Clay
“Roses” by Shawn Mendes
“Same Mistakes” by Seramic
“Same Old Story” by John Legend
“Slow Hands” by Niall Horan
“Still Around” by Paloma Faith
“Tell The Truth” by Tobias Jesso Jr.
“Treat Myself” by Meghan Trainor
“True Love” by Tobias Jesso Jr.
“Trying” by Seramic
“Unsaid” by Ruel
“The Wait” by Tobias Jesso Jr.
“When We Were Young” by Adele
“Without You” by Tobias Jesso Jr.
“Work For Me” by Laura Mvula
“You Get My Love” by P!nk
Raedio, Issa Rae‘s “audio everywhere company,” and Honda are partnering to create a new music competition series to discover and develop new artists and take their emerging careers to new levels.
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Breaking Out: An Artist & Discovery Platform contains multiple endeavors, and its first one launched Monday, while others will be announced in the coming months. Honda Hot 16 is a unique freestyle competition where Raedio and Honda are in search for the next breakout star.
“Partnering with Honda to discover new talent will redefine how audiences engage with artists and music experiences,” said Clarissa Reformina, Raedio senior vp of strategy, in an emailed statement. “This collaboration is aligned with Raedio’s mission to serve creators first with new platforms and produce culturally relevant music, digital content and podcasts.”
Artists can text “HONDA HOT 16” to 310-356-9895 to learn how to upload their freestyle in order to be considered in the competition, or they can visit theraedio.com/raedioxhonda. Artists can then download the #HondaHot16 beat provided by Raedio, record their best 16 bars over it and submit it. The top three winners of the 16-bar competition will be announced on March 1, 2023.
The first-place winner will receive an all-expenses paid trip to Los Angeles in the spring and the opportunity to be the opening performer for a very special headlining act at the Roxy Theater. The second and third place winners will have the chance to win a one-on-one meeting with a Raedio executive, studio time with an engineer, Bluetooth audio devices and cash gift cards.
The competition series was also launched to help expand Honda’s music programming, which includes the Civic Tour that has provided more than five million fans with exclusive, interactive concert experiences and Honda Stage partnership with Billboard that brings music’s up-and-coming stars to the stage and their stories to life.
“Honda’s collaboration with Raedio advances our commitment to helping artists on the rise by providing them with a platform to pursue their dreams,” added Phil Hruska, senior marketing manager at Honda. “This latest Honda music initiative also enables us to build new relationships with young, multicultural customers and introduce them to fun-to-drive Honda vehicles.”
Longtime Los Angeles Philharmonic music and artistic director Gustavo Dudamel will move to the New York Philharmonic in the same role starting in 2026, the NY Phil announced Tuesday (Feb. 7).
Dudamel, who has served as music and artistic director at the LA Phil since 2009 and also currently serves as music director of the Opéra National de Paris and the Simón Bolívar Symphony Orchestra, will begin a five-year term at the NY Phil starting with the orchestra’s 2026-27 season. He will additionally serve as music director designate during the 2025-26 season.
“Today, above all, I am grateful. I am grateful to the musicians and leadership of the New York Philharmonic as we embark upon this new and beautiful journey together. As the great poet Federico García Lorca said: ‘Every step we take on earth brings us to a new world,’” said Dudamel, adding, “I gaze with joy and excitement at the world that lies before me in New York City.”
Dudamel has guest-conducted 26 concerts at the NY Phil since his debut there in November 2007. He’s slated to return this spring to conduct the orchestra in three performances of Mahler’s Symphony No. 9 from May 19-21, which will mark his first time conducting in the reimagined David Geffen Hall’s Wu Tsai Theater.
“This is a dream come true for our musicians, our audience, and certainly for me,” said NY Phil’s Linda and Mitch Hart president/CEO Deborah Borda in a statement. “The coming together of a great orchestra, a visionary Music and Artistic Director, and our transformed hall promises the richest of futures.”
NY Phil executive director Gary Ginstlin, who will succeed Borda as president/CEO, added, “With Gustavo Dudamel, the Philharmonic is poised for what I believe will be one of the most exciting chapters in its storied history.”
NY Phil principal trumpet Christopher Martin added that the orchestra feels “an extraordinary connection” with Dudamel. “This moment aligns with the unparalleled artistic tradition of this nation’s oldest orchestra,” he continued. “We look forward to sharing our deepening musical relationship with audiences both in our revitalized David Geffen Hall and on tour around the world.”
In an upcoming courtroom showdown, is a YouTube video of Ed Sheeran switching between his “Thinking Out Loud” and Marvin Gaye‘s “Let’s Get It On” a smoking gun? Or just smoke and mirrors?
Facing a trial in April over whether his smash hit infringed Gaye‘s iconic song, Sheeran’s lawyers asked a federal judge Tuesday (Feb. 7) to block his accusers from citing that clip, which captures the star at a 2014 concert entertaining the crowd by seamlessly toggling between the two songs.
The problem? Sheeran’s lawyers say the mash-up video is falsely incriminating. It could look to jurors like damning evidence that Sheeran copied “Let’s Get It On,” they say, but only actually shows that both songs contain a common chord progression — one that isn’t covered by copyrights and was “freely available to all songwriters.”
“There are dozens if not hundreds of songs that predate and postdate LGO utilizing the same or similar chord progression,” Sheeran’s lawyers wrote. “These medleys are irrelevant to any issue in the case and would be misleading [and] confuse the jury.”
The case against Sheeran was filed way back in 2017 by heirs of Ed Townsend, who co-wrote “Let’s Get It On.” Gaye’s heirs, who once famously sued Robin Thicke over accusations that his “Blurred Lines” was stolen from the legendary singer, are not involved in the case.
Sheeran’s lawyers have long argued that the star did nothing wrong, since “Thinking Out Loud” and “Let’s Get It On” share only “unprotectable and commonplace elements” that are not covered by copyright law. But Judge Louis D. Stanton has repeatedly refused to decide the case in their favor, ruling that the dispute is close enough that it must be decided by a jury.
In the lead-up to the trial, attorneys for the Townsend heirs filed a formal notice that they planned to play the YouTube clip for jurors. In the video — a 6-minute snippet of a November 2014 concert in Zurich that’s been viewed nearly 300,000 times — Sheeran abruptly switches from “Thinking” to “Lets” and back again, drawing huge cheers from the crowd.
It’s not surprising that Sheeran’s accusers want to use the medley video. In a 2019 ruling in which he sent the case to trial, Judge Stanton specifically highlighted the clip as potential evidence that might resonate with jurors, saying they “may be impressed by footage of a Sheeran performance which shows him seamlessly transitioning between LGO and TOL.”
But in Tuesday’s objections, Sheeran’s lawyers argued that the jury would be impressed for all the wrong reasons.
“The admission of this evidence will mislead the jury and cause unjustified prejudice – suggesting to the jury, inaccurately, that segueing from singing the lyrics of TOL over the TOL chord progression to singing a snippet of the lyrics of LGO over the TOL chord progression is ‘evidence’ that Sheeran copied LGO,” they wrote.
Sheeran’s lawyers also argued that letting such evidence play a key role in the upcoming trial would have a broader “chilling effect” on the music industry and on medleys, which they called an “important, enduring aspect of live concerts.”
“Such ‘mash-ups’ underscore the fact … that music has been, and always will be, built on commonplace and unprotectable musical building blocks freely available to all composers to use,” Sheeran’s lawyers wrote, but allowing it to serve as evidence would deter artists “for fear of creating a suggestion of infringement and encouraging unfounded claims.”
In a statement to Billboard, the Townsend heirs attorney Patrick R. Frank strongly disagreed with Sheeran’s attorneys, pointing directly to Judge Stanton’s previous ruling about the medley clip’s potential value to jurors.
“The passage of time has not diminished the acknowledged evidentiary significance of the medley,” Frank said. “I suspect that if there was, in fact, a legally-cognizable basis for [Sheeran’s motion], we would have seen the motion quite some time ago, as opposed to on the proverbial ‘eve’ an imminent trial.”
Frank will file his own formal response to Sheeran’s motion in court in the coming weeks.
Just before the start of his previously scheduled trial, Jose Teran, who was accused of running a YouTube scam with a partner, has accepted a plea deal in which he has admitted to counts of conspiracy, wire fraud and transactional money laundering for his role in one of the largest royalty scams in history. In his plea, Teran admits to stealing over $23 million in royalties from Latin artists that he admits now he had “no lawful rights to monetize or otherwise control.”
Teran and his business partner, Webster Batista Fernandez, operated their scam under the business name “MediaMuv” and were originally indicted by a federal grand jury in Arizona on Nov. 16, 2021, on 30 counts of conspiracy, wire fraud, money laundering and aggravated identity theft. The scam was the subject of a Billboard investigation. Batista took a plea deal on April 21, 2022, in which he admitted to one count of conspiracy and one count of wire fraud. Batista now awaits sentencing, which is currently scheduled for March.
Teran’s plea agreement echoes much of Batista’s. Both pleas say that the MediaMuv founders “discovered there were songs of musicians and bands on the internet that were not being monetized.” So they began uploading the recordings to YouTube as MP3 files, claiming to own or control the rights. Between 2016 and 2021, Teran and Batista falsely claimed royalties from songwriters and artists ranging from independent creators to songs recorded by global stars like Daddy Yankee, Don Omar, Prince Royce, Julio Iglesias and Anuel AA.
Under the name MediaMuv, Teran and Batista signed a contract with YouTube to use its content management system (CMS), which rights holders use to claim copyright ownership and the ensuing royalties. “We falsely claimed that MediaMuv owned over 50,000 songs and further sought access to YouTube’s CMS in order to obtain royalty payments for these songs,” Teran said in his plea. In addition, the duo entered a contract with AdRev, a rights management company owned by Downtown Music Holdings, “to assist in administering the music [they] fraudulently claimed to own.”
Billboard’s investigation uncovered that YouTube royalty-claiming scams like MediaMuv’s are more common than is generally believed, but Teran and Batista’s scheme was particularly brazen in terms of both scale and style.
Sources who work closely with the platform say YouTube scammers typically just claim small fractions of songs they suspect have not been claimed properly and might go unnoticed. This is especially common on the publishing side, where some compositions have so many songwriters that ownership and royalties are far more complicated than they are for recordings. But MediaMuv often claimed 100% of royalties for master recordings or compositions.
Both Batista and Teran admitted in their pleas that they sent three falsified contracts with companies that “purportedly” managed artists to AdRev and YouTube “for the purpose of deceiving [them] into allowing [MediaMuv] to continue [its] fraudulent operation” in July 2017. According to Teran’s plea deal, these three forged management contracts were provided to support MediaMuv’s assertion that it controlled a vast Latin music catalog.
The plea deals also say the duo did not act alone. Both mention that they hired “over five co-conspirators” to help them find new music to fraudulently claim and, in return, those co-conspirators were paid “a portion of [MediaMuv’s] royalties.” Names are not revealed in these documents, but other court documents tied MediaMuv to a network of people who seem to have benefited financially from Teran and Batista’s scheme, including Batista’s then-wife, who purchased a house in Phoenix in cash with money from a MediaMuv-associated bank account, according to a court document filed by prosecutors.
The house she purchased, along with six bank accounts, a Tesla, a BMW and a plot of land, are all listed in Teran and Batistas’ plea deals as items they agree to forfeit.
Though the duo is ordered to “make restitution to any victim” of their crimes, one of the businessmen who represented multiple MediaMuv victims told Billboard in August he doesn’t “expect to get it all back. I’m sure they spent a lot of it on cars and travel and stuff.”
In a statement to Billboard, a spokesman for Downtown Music Holdings says the company is “pleased by the latest developments in the MediaMuv criminal case, as both defendants have now pleaded guilty and admitted their role in this complex fraud scheme. This case sends a strong message to other potential bad actors that this kind of fraudulent activity in our industry will be investigated and prosecuted to the full extent of the law.”
Representatives for Teran and YouTube did not respond to Billboard’s request for comment.
Teran’s sentencing is set for April 17, 2023.
A group of musicians who have gathered together under the banner of the Union of Musicians and Allied Workers (UMAW) has published a petition calling for better pay for artists selected to perform at the annual SXSW conference and festival each March. The petition — which at press time bore the names of more than 400 artists, and which is being continually updated with more names — has been signed by artists such as Eve 6, Mountain Goats, Jeremy Messersmith, Speedy Ortiz, Zola Jesus, Pedro the Lion, YACHT and Emperor X, as well as the Songwriters of North America (SoNA). Of the signees listed on the site, a half-dozen are scheduled to play SXSW this year.
In the petition, the UMAW is taking aim at the compensation that artists receive for being officially invited to perform at the festival, which launched in Austin in 1987. The petition claims that artists who are selected to perform must first pay an application fee, which has risen from $40 in 2012 to $55 this year, while they are offered a choice of either a festival wristband or $250 ($100 for a solo artist) as compensation. International artists, the petition says, are only offered a wristband, with no possibility of financial compensation.
In light of those claims, the UMAW is requesting that compensation for artists be raised from $250 to $750 per act; that a festival wristband be included as part of that compensation, not as an either/or choice; that international artists be offered the same compensation as domestic U.S. artists; and that the application fee be eliminated. The petition is addressed to SXSW and Penske Media, which owns Billboard as well as publications like Rolling Stone, Variety, and The Hollywood Reporter. (In April 2021, Penske Media Corporation became an investor in SXSW by taking a 50% stake in the conference and festival. A rep for PMC did not respond to a request for comment.)
“SXSW is honored to host over 1,400 showcasing acts every March,” a SXSW spokesperson said in a statement to Billboard. “We are committed to creating professional opportunities by bringing emerging artists together with media, the global music industry, and influential audiences. We appreciate the feedback from the UMAW and will be doing our policy review after next month’s event.”
The UMAW, which has 18 members on its steering committee, including Sadie Dupuis of Speedy Ortiz and Zachary Cole Smith of DIIV, has been active with petitions in the past. The most impactful has been the Justice At Spotify campaign, launched in 2020 to protest the low streaming royalty payouts from the music streamer, which was signed by more than 6,000 individuals and demanded both higher royalty rates and a switch to user-centric royalties. That initiative was followed up with a series of protests by musicians outside Spotify offices around the globe in March 2021; days later, Spotify launched a website called Loud & Clear intended to increase transparency around how it pays rights holders.
Concord CEO Scott Pascucci is stepping down effective June 30 after helming the fifth biggest music company for a decade. Bob Valentine, who ascended to president in 2021 from CFO, will become Concord’s new CEO.
Additionally, Concord’s chief label officer Tom Whalley will also vacate his role but will continue to be involved as founder of Loma Vista Recordings, his joint venture with Concord. Pascucci, who remains on Concord’s board of directors, and Whalley will be inaugural members of Concord’s new advisory board.
“I started my career in the music business 30-plus years ago for the simple reason that I love music, and I discovered along the way that I enjoy building businesses and leading teams of people,” said Pascucci in a statement. “Thanks to [Wood Creek founding partner] Brett Hellerman, I was given the opportunity to do all of those things at Concord. In 10 years, we have built a company that matters in the music industry, a place that cares about its employees, artists and writers, and that is well-positioned for the future. I am proud of all that we have accomplished. I look forward to continuing on the board of directors, to help guide the company forward under Bob’s leadership, while also having more time to focus on my interests in film and social impact initiatives.”
(Wood Creek Capital Management bought Concord from Village Roadshow in 2013. Concord is now a private company funded by institutional capital and Concord’s management team.)
Pascucci’s announcement comes several weeks after Concord launched Concord Music Royalties, LLC Series 2022-1, a $1.8 billion asset-backed security that will allow further growth through funding reserve accounts, paying down debt and other uses.
“It positions us beautifully for the future,” Pascucci tells Billboard of the security. “It has given us significant additional capital for growth while also dramatically broadening the base of institutional lenders who are now familiar with the company.”
The succession plan has been in the works since 2019. “An orderly succession in key positions is critical to the stability and future growth of the company, as evidenced by the smooth transition from Jake Wisely to Jim Selby as chief publishing executive a few years ago,” Pascucci continues. “ My decision to move out of the CEO position and to stay on the board was made over 2 years ago, at which time Bob moved into the role of president.”
Bob Valentine
Elena Goss/Courtesy of Concord
“Scott has made the transition from CFO to president remarkably smooth and easy,” Valentine says. “As CFO I was used to a particular flow of helping to finance our acquisitions and new productions; in stepping into the president’s role, I needed to get into the rhythm of the creative process outside of a purely financial lens. Scott’s extraordinarily patient, and he’s made sure to loop me in on some of the many day-to-day things that I wouldn’t have been in the middle of as CFO. Also, the senior team, most of whom are in Nashville, work very closely with each other. That makes a transition like this easier than they tend to be for a company.”
Valentine’s history with the company precedes Pascucci’s. He joined Norman Lear’s ACT III Communications in 1999 when it acquired Concord Records. He left in 2001 but returned in 2005 as CFO.
“I have had the privilege of helping to build Concord into the company that it is today ever since Norman Lear and his business partner Hal Gaba had the extraordinary foresight to buy a small, independent jazz record label in the same year that Napster was invented,” Valentine said in a statement. “The journey since then has been scary, thrilling, surprising, and incredibly rewarding.”
Valentine tells Billboard that Concord will proceed on its current path. “We’ll continue to focus on our core mission: to champion artists, elevate voices and impact culture. We can’t do any one of those without the other two. At the heart of everything we do is artistry; it’s our job to identify it, elevate it, and ultimately impact culture with it,” he says. That has been and will continue to be true for everything we focus on, whether it’s furthering our frontline label division’s breadth and depth, acquiring iconic songs and recordings, signing new and exciting songwriters, or licensing and co-producing theatrical works. I’m also excited about our Concord Originals segment, which aims to develop and adapt some of our music and theatrically based works (past and present) for film and television.”
Concord’s catalog consists of more than one million songs, composed works, plays, musicals and active recordings and includes works from Phil Collins, Creedence Clearwater Revival, John Fogerty, Daft Punk, Miles Davis, Danny Elfman, Evanescence, The Fania All-Stars, Genesis, Imagine Dragons, Isaac Hayes, James Taylor, Jewel, Joan Sebastian, Nine Inch Nails, Pink Floyd, Cyndi Lauper, Little Richard, Nikki Six, Otis Redding, R.E.M., Rodgers & Hammerstein, Pete Seeger, St. Vincent, Taking Back Sunday, Ryan Tedder, The Traveling Wilburys, The Vince Guaraldi Trio and Hans Zimmer.
Headquartered in Nashville, Concord has additional offices in Los Angeles, New York, London, Berlin, Melbourne and Miami. Concord also has staff in Auckland, Sydney, Tokyo and Toronto.
As chief label officer, Whalley oversees frontline imprints Fantasy Records, Concord Records, Concord Jazz, Rounder Records, Loma Vista Recordings, Easy Eye Sound, KIDZ BOP and Fearless Records.
“In 2014, I found a great partnership with Scott Pascucci and Concord,” says Whalley, who co-founded Interscope Records and was Warner Bros. Records chairman/CEO from 2001 to 2010. “That partnership helped build a very important independent label, Loma Vista Recordings. It has been an added bonus to serve as the chief label officer for frontline labels at Concord. I am very proud of what we have accomplished.”
Following Whalley’s departure, Concord will create a new role that will oversee the entire recorded music division, including frontline and catalog operations.
The new advisory board, which will be unveiled this fall, will also include Wisely, as well as other members from allied fields, such as music, film, theater and technology. It will act as a resource for best practices and new business opportunities for Concord.
Pascucci’s news comes a week after the announcement that Hartwig Masuch, CEO of BMG, the fourth biggest music company, is leaving at the end of the year after 15 years at the company. He will be replaced by BMG CFO Thomas Coesfeld.