Business
Page: 45
A Los Angeles federal judge says that a woman accusing Diplo of sharing “revenge porn” must reveal her identity if she wants to proceed with her civil lawsuit against the star.
The case — which claims the DJ (Thomas Wesley Pentz) filmed sexual encounters and shared them on Snapchat — was filed by an unnamed “Jane Doe.” But in a ruling Tuesday (Dec. 31), Judge Mónica Ramírez Almadani said the accuser had failed to legally show that she needs to remain anonymous.
The use of Doe pseudonyms has become common in sexual abuse complaints, and attorneys for Diplo’s accuser had argued that she would face retaliation if her name is revealed. But Judge Almadani said such treatment is reserved only for clear-cut, high-risk situations — and that the case against Diplo doesn’t qualify under that standard.
“The court appreciates that plaintiff’s allegations in her complaint are sensitive and of a highly personal nature, and that she may face some public scrutiny,” the judge wrote. “However, absent a demonstrated need for anonymity, there is a prevailing public interest in open judicial proceedings.”
The ruling is a win for Diplo, who has strongly denied the lawsuit’s allegations and argued that the plaintiff must reveal her name. In court filings, his lawyers had argued that he “cannot adequately confront his accuser without knowing her identity.”
In a complaint filed in June, Diplo’s accuser alleged she’d had a consensual sexual relationship with the DJ from 2016 to 2023, and that she occasionally “gave defendant Diplo permission to record them having sex.” But she said she later learned that he had sometimes secretly recorded them and then shared footage on the internet “without plaintiff’s knowledge or consent.”
“Plaintiff brings this action to recover for the emotional and physical injuries she endured because of Diplo’s actions and to make sure no one else is forced to suffer the privacy invasions and physical and mental trauma she felt and continues to feel to this day,” Doe’s attorneys wrote.
The lawsuit accused Diplo of violating the federal Violence Against Women Act, which was amended in 2022 to ban the sharing of “intimate” images without the consent of those depicted in them. The case also cited an earlier revenge porn law enacted by the state of California.
In seeking to use the “Jane Doe” pseudonym, attorneys for Diplo’s accuser argued that she would face “personal embarrassment and social stigmatization” if her name were revealed. They warned that the DJ has a “large following,” and that when another woman spoke out about alleged revenge porn, she had faced “ridicule and threats to bodily harm.”
But in Tuesday’s decision, Judge Almadani said Doe had failed to supply hard evidence to support those claims — and that barring such proof, people using the American legal system must use their real names. The judge cited an earlier ruling that “the people have a right to know who is using their courts.”
“Those using the courts must be prepared to accept the public scrutiny that is an inherent part of public trials,” the judge wrote, quoting from another old ruling. “Plaintiff has not sufficiently demonstrated that this case warrants an exception.”
Though Almadani wasn’t swayed by fears of potential foul play, she pointedly warned both sides about avoiding any such behavior as the case moves forward — saying that she would “not tolerate any disrespect toward either party.”
“This case, like all other cases, shall be handled with professionalism and civility by all sides,” the judge wrote. “Any actual threats of retaliation or harassment shall be brought to the Court’s attention immediately.”
Neither side’s attorneys immediately returned requests for comment on Friday (Jan. 3).
Yolanda Saldívar, the obsessed fan who was sent to prison for the murder of Tejano superstar Selena in 1995, has started the parole review process, according to the Texas Department of Criminal Justice.
Saldívar, who is now 64, was found guilty of murdering Selena on Oct. 23, 1995, and later sentenced to life in prison with the possibility of parole in 30 years. The Texas Department of Criminal Justice’s website lists her parole review date as March 30, 2025, and notes that the parole review process begins roughly six month before an inmate’s parole eligibility date for a first review, with an institutional parole officer responsible for reviewing the inmate’s file “for all appropriate documents, including letters of support and protest.” After reviewing the file and interviewing the inmate, the officer prepares a case summary for a “Board voting panel,” which “normally will vote on the case just prior to the parole eligibility date.”
A former nurse who insinuated herself into Selena’s orbit during the singer’s rise to fame, Saldívar founded the star’s official fan club and was later named manager of her Selena Etc. clothing boutiques. However, the relationship soured after Selena and her family accused Saldívar of embezzling money from Selena’s businesses and fired her from her role.
Trending on Billboard
Things came to a tragic end on March 31, 1995, during a meeting between Selena and Saldívar at a Days Inn in Corpus Christi, Tex., when Saldívar shot Selena in the shoulder with a .38-caliber revolver as Selena, who had come to retrieve financial records, attempted to flee. The singer succumbed to her injuries that afternoon, just two weeks shy of her 24th birthday. Saldívar surrendered after a more than nine-hour standoff with police. She has long maintained that the shooting was an accident.
Selena’s death was followed by a massive outpouring of public grief, with mourners numbering in the tens of thousands attending a viewing of the singer’s open casket ahead of her funeral. She has since been recognized as one of the most influential Latin artists in history, helping usher in the mainstream popularity of Tejano music. Following her death, five of her singles hit No. 1 on Billboard‘s Hot Latin Tracks chart, and her final studio album, Dreaming of You, reached No. 1 on the Billboard 200, with its title track also rising to No. 22 on the Billboard Hot 100. Her life has been dramatized in both a hit 1997 feature film starring Jennifer Lopez and Netflix’s Selena: The Series starring Christian Serratos as the late singer.
The majority ownership stake in Global Music Rights (GMR) is now in new hands after a deal that valued the boutique performance rights organization at $3.3 billion closed just before Christmas, sources tell Billboard. According to those sources, Hellman & Friedman, a San Francisco-based private equity firm, bought out Texas Pacific Group’s stake in GMR, as well as a slice of the minority equity stake held by the Azoff Company.
In the wake of the deal, sources say that Hellman & Friedman now owns nearly 90% of GMR, which was founded by Irving Azoff and Randy Grimmett in 2013. Moving forward, the Azoff Company and Grimmett — who also serves as CEO — will retain control of GMR’s operations, which is considered an essential ingredient to GMR’s continued success, given the affiliation with Azoff and his portfolio of companies that employ powerful industry executives.
Hellman & Friedman has not previously invested in music assets, but it was drawn to the stability and reliability inherent to the business of collecting music royalties. Those traits have made performance rights organizations ripe targets for private equity funds interested in investing in music. BMI was acquired by New Mountain Capital in early 2024, and SESAC is said to be fielding acquisition offers from interested parties.
Trending on Billboard
When Billboard first reported on the GMR deal in September, a source familiar with the matter said that the switch in majority ownership would not change anything “for the writers or the GMR management team. GMR’s goal will remain the same: to transform the industry and bring more value to songwriters and their publishers.”
GMR is one of four U.S. performance rights organizations, with the others being ASCAP, BMI and SESAC. While ASCAP and BMI operate under U.S. Department of Justice consent decrees and must accept any songwriter who applies as a member, SESAC and GMR are invitation-only societies. SESAC pioneered that strategy, although in the last five years, it has been quietly pruning its membership from 35,000 members in 2019 to 15,000 currently.
GMR is even more exclusive, with a membership roster that numbers between 150 and 200 songwriters or songwriter estates, all of whom are considered to have star status as a writer or artist. That roster includes the likes of Bad Bunny, Billie Eilish, Billy Idol, Bob Seger, Bob Scaggs, Bruce Springsteen, Bruno Mars, Bryan Adams, Drake, Eddie Vedder, George Harrison, George Michael, Glenn Frey, Gwen Stefani, Harry Styles, Ira Gershwin, James Hetfield, John Lennon, Jon Bon Jovi, Lizzo, Nicki Minaj, Pete Townshend, Philip Lawrence, Post Malone, Prince, Ryan Tedder, Shane McAnally, Shawn Mendes, Slash, Smokey Robinson, Stephen Stills, Steve Miller, The Weeknd, Travis Scott and YoungBoy Never Broke Again, among others.
Even with a limited roster, GMR has grown into a powerhouse in the U.S., with estimated revenue of about $400 million to $450 million, sources say, with some suggesting that its net publisher share (NPS) — what the company retains after royalties are paid out — approaching 50% of the revenue estimate. Given that, if GMR had $200 million in NPS, that $3.3 billion valuation translates into a 16.5 times multiple.
Building a company from scratch into one that can command a $3.3 billion valuation in 10 years is a big accomplishment, several people say. Moreover, that valuation appears to have ignited a process that could see SESAC come up for sale, which Billboard reported last week (Dec. 24). As one music asset investor told Billboard, many private equity firms looked at GMR and were “all shocked by the final valuation … Those firms have a real appetite for music because music assets are doing well.”
Hellman & Friedman specializes in traditional buyouts in the technology and financial services sectors. Among media and entertainment companies, it previously invested in the German media company Axel Springer and Getty Images, although it has since sold its stakes in both companies.
Representatives for GMR, the Azoff Company and Hellman & Friedman did not respond immediately to requests for comment.
Four K-pop companies’ stocks fell in value by an average of 19.0% in 2024, a significant reversal of fortune after gaining an average of 30.0% the prior year.
Some of the K-pop companies’ declines can be attributed to the poor showing of Korean stocks in general. The KOSPI composite index, an index of all stocks traded on the stock market division of the Korea Exchange, fell 9.6% in 2024. Korean stocks especially suffered from political turmoil in the year’s waning weeks. Since South Korean Prime Minister Yoon Suk Yeol declared martial law on Dec. 3 through the end of the year, the KOSPI fell 4.3%.
But collectively and individually, HYBE, SM Entertainment, JYP Entertainment and YG Entertainment fared worse than the South Korean stock index. The South Korean companies are expanding beyond their home country, establishing roots in the Americas and exporting their K-pop model of artist development to local markets. Many of the new projects have yet to pay dividends, however, and a lack of new releases or concerts by major artists often resulted in lower revenue and profits in recent quarters.
Trending on Billboard
YG Entertainment, home to BLACKPINK and BABYMONSTER, fared the best, dropping 10.0% to 45,800 won ($31.07). In the third quarter, YG Entertainment’s revenue dropped 42% year over year while a 14.8 billion won ($10 million) net income in the third quarter of 2023 turned into a 937 million ($636,000) net loss.
BTS’s label HYBE fell 17.2% to 193,400 won ($131.18), with its third-quarter net profit dropping 99% on lower concert and recorded music revenue. In the second quarter, HYBE set a company record for quarterly revenue but its operating profit fell 37.4%. The company was also hampered by controversies in 2024. Chairman Bang Si-hyuk is reportedly being investigated by South Korean regulators over a profit-sharing deal with early investors that led Bang to realize a $285 million profit from the company’s 2020 initial public offering. HYBE has also been embroiled in an ongoing feud with Min Hee-Jin, the former CEO of HYBE’s ADOR imprint.
SM Entertainment, the home of aespa and NCT Dream, sank 17.9% to 75,600 won ($51.28). In the third quarter, net profit fell 95.6% on 9% lower revenue. In the second quarter, net profit was down 70.3% while revenue increased 5.9% from the prior-year period. The company has a new North American joint venture with Kakao Entertainment that launched in late 2023 and has produced a new British boy band, dearALICE, launched through a BBC miniseries.
Faring the worst was JYP Entertainment, home to Stray Kids and iTZY, which plummeted 31.0% to 69,900 won ($47.41). In the first three quarters of 2024, JYP’s revenue was down 1.6% and net profit was 30.4% lower than the prior-year period. In the second quarter, an absence of major artist activity caused the company’s revenue to drop 36.9% from the prior-year period while its net profit fell 95% year over year. JYP was able to rebound in the third quarter, however, as revenue and net profit were up 22.1% and 11.7%, respectively.
Dr. Sasha J. Carr, a clinical psychologist who focused on family care for all ages, died in Norwalk, Conn., on Saturday (Dec. 28). She was 55. A cause of death has not been reported.
Dr. Carr was the daughter of Barbara Carr, longtime co-manager of Bruce Springsteen, and the stepdaughter of music critic and author Dave Marsh.
She was predeceased by her sister Kristen Ann Carr, who died in 1993 at age 21 of sarcoma, a rare form of cancer. The Kristen Ann Carr Fund, supported by major artists and executives, was established in her sister’s memory to advance sarcoma research and support families affected by cancer.
Dr. Carr was born in London, lived in New York City through her high school years and had been a longtime resident of Norwalk. In 2022, she relocated to Burlington, Vt. She attended The Chapin School in New York, received her undergraduate degree in 1992 from Brown University and was awarded a Ph.D. in clinical psychology in 2006 from Rutgers University.
Trending on Billboard
While her parents have been prominent in the music industry, Dr. Carr’s career followed a different path.
In Norwalk, she built a consulting practice, Off to Dreamland, and was a sought-after family sleep expert, dedicated to helping babies, children and families get the rest they need.
She was also a faculty member of the Family Sleep Institute. She published an illustrated children’s book, Putting Bungee to Bed, which empowered children to develop good sleep habits. Her passion for travel and adventure inspired her to help families in yet another way, by acting as a travel agent for kids-oriented vacations.
Dr. Carr’s career was focused on family care for all ages, and she was one of the first to address the unique and challenging role of caregivers with her book The Caregiver’s Essential Handbook: More than 1,200 Tips to Help You Care for and Comfort the Seniors in Your Life (McGraw-Hill, 2003).
Dr. Carr was a devoted mother to her beloved son Weston Kristoff Carr, 13. She is survived by Weston; her mother Barbara Carr and stepfather Dave Marsh of Norwalk; her father Patrick Carr of Florida ; and many loving aunts, uncles and cousins. Sasha was predeceased by her sister, Kristen Ann.
For those who wish to make a contribution in Dr. Carr’s memory, her family has requested donations be made to the Kristen Ann Carr Fund, for which Dr. Carr was a founding Board of Trustees member, or a charity of their choice.
Lil Durk’s trial on federal murder-for-hire charges will be pushed back until October after both his lawyers and federal prosecutors agreed to a months-long delay.
The case against Durk — over an alleged plot to kill rival rapper Quando Rondo in a 2022 Los Angeles shooting that left another man dead — had been scheduled to go to trial next week because federal “speedy trial” rules require such cases to be quickly heard by a jury.
But in a motion on Tuesday (Dec. 31), both sides agreed to a request from Lil Durk (real name Durk Devontay Banks) and his co-defendants to postpone the courtroom showdown until Oct. 14 to give them more time to prepare for the trial — a request that prosecutors did not oppose.
“Due to the nature of the prosecution and the number of defendants, including the charges in the indictment and the voluminous discovery that will be produced to defendants, this case is so unusual and so complex that it is unreasonable to expect adequate preparation for pretrial proceedings or for the trial itself within the Speedy Trial Act time limits,” the parties told the judge in the new filing.
Durk was arrested in October on conspiracy, murder-for-hire and firearms charges for allegedly orchestrating the 2022 attack at a Los Angeles gas station, which left Rondo (Tyquian Bowman) unscathed but saw his friend Lul Pab (Saviay’a Robinson) killed in the crossfire. Durk allegedly ordered the shooting in retaliation for the 2020 killing of rapper King Von (Dayvon Bennett), a close friend and frequent collaborator.
In charging documents, prosecutors claim that Durk’s “Only The Family” (“OTF”) crew was not merely a well-publicized group of Chicago rappers, but a “hybrid organization” that also functioned as a criminal gang to carry out violent acts “at the direction” of Durk, including the Rondo attack.
“Banks put a monetary bounty out for an individual with whom Banks was feuding named T.B.,” prosecutors wrote in the charges last month, referring to Rondo by his initials. “Banks ordered T.B.’s murder and the hitmen used Banks and OTF-related finances to carry out the murder.”
Among other evidence, prosecutors say the assailants booked flights to Los Angeles using a credit card connected to Durk. The feds say the card was issued under a bank account that listed Durk’s one-time manager as an owner, and that another credit card was issued under the same account to Durk’s father. Charging documents also cite a text allegedly sent by Durk to another co-conspirator in the lead-up to the shooting: “Don’t book no flights under no names involved wit me.”
Durk has denied the allegations and pleaded not guilty to the charges. In addition to the star himself, prosecutors have also charged those who they say actually carried out the attack, including alleged OTF members Kavon London Grant, Deandre Dontrell Wilson and Asa Houston, as well as Keith Jones and David Brian Lindsey, two other alleged Chicago gang members.
With the rapper seeking release on pre-trial bond, prosecutors unsealed new documents in December linking him to another shooting that left Stephon Mack, an alleged Chicago gang leader, dead in 2022. The feds argued that the earlier slaying had also been an act of revenge by Durk, ordered after the star’s brother was killed by a member of Mack’s gang.
Following those revelations, a federal magistrate judge denied Durk’s motion to be released on bond at a December hearing, leaving him in jail until his eventual trial. He’s currently being housed at the Metropolitan Detention Center in Los Angeles, a federal prison frequently used to house defendants before and during trial.
In some cases, denial of bond might prompt defense attorneys to force prosecutors to stick to the speedy trial schedule and quickly present the case to a jury. But in Tuesday’s order, attorneys for Durk and the other defendants said the complexity of the Rondo shooting case would require more time to adequately prepare a defense — and that “the government does not object to the continuance.”
“Defense counsel represent that failure to grant the continuance would deny them reasonable time necessary for effective preparation,” the judge wrote, adding that defense lawyers needed plenty of time to “conduct and complete an independent investigation of the case” and “complete additional legal research” ahead of trial.
Classic rock is still big — it’s the pictures that are getting smaller.
The definitive modern pop music documentary was Beatles Anthology, the 1995 multi-night television project released with three CD sets of band outtakes and a coffee table book. More recent years brought Ron Howard’s 2016 documentary about the band’s touring years, Peter Jackson’s 2021 series about the making of Let It Be, and the self-explanatory Beatles ’64. In 2027, the Beatles’ Apple Corps will release four more films, one about each individual member of the band.
Bob Dylan, like the Beatles, has always loomed too large for one movie. Don’t Look Back, arguably the most powerful rock documentary ever made, followed Dylan’s 1965 tour of the U.K. Martin Scorsese’s 2005 No Direction Home chronicled the first five years of his career. Then the director made another documentary, this one full of fictional elements and in-jokes, just about Dylan’s 1975-’76 Rolling Thunder Revue tour.
Now James Mangold’s A Complete Unknown, which opened Christmas Day in the U.S., offers a fictionalized take on the first chapter of Dylan’s career, from 1961 through the 1965 concert at which he “went electric.” Timothée Chalamet stars as Dylan, with Edward Norton as Pete Seeger, Monica Barbaro as Joan Baez and Elle Fanning as a character based on Suze Rotolo (the woman pictured on the cover of The Freewheelin’ Bob Dylan). It’s a fantastic film, and the performances are incredible — Chalamet captures Dylan’s lost-boy charisma, and Norton channels Seeger’s inflexible idealism perfectly. The movie, based on author Elijah Wald’s Dylan Goes Electric!, took in more than $23 million during its first week in theaters, and reviews have been almost universally favorable.
Trending on Billboard
The story of the movie is anything but unknown, and there’s not much suspense in it — Dylan grows up fast in the Greenwich Village folk scene, then plays an electric rock set at the Newport Folk Festival, upsetting much of the audience. Dylan’s early career now has the quality of myth, so even the most casual rock fan knows where the story is going — the joy is in seeing it get there in the hands of such talented storytellers. How surprising was Dylan’s decision to play with a rock band, given that the half-electric album Bringing It All Back Home had been out for three months and the single “Like A Rolling Stone” came out five days before the show? Were people booing because Dylan went electric, because the volume obscured his voice, or because his new songs weren’t political? Wald’s excellent book gets at the truth behind the myth — the movie just retells it.
And why not? Stories become myths partly because they’re compelling, and A Complete Unknown evokes nothing so much as a superhero origin story — except that in Dylan’s case, so much of his origin involves making up his actual origin as he went along. In the movie, by the time people realize that this brash young Jewish kid from Minnesota didn’t really work in a traveling circus, he had managed to acquire his own mystique. (In real life, it was a bit more complicated.) As with comic book movies, this leaves plenty of room for sequels, and jokes about this have already been made.
Now’s the time: Chalamet captures Dylan so well that I hope someone signs him up for a sequel based on Dylan’s 1965 tour with the Band, ending with his 1966 motorcycle crash. After that, there’s a domestic drama to be made about Dylan’s retreat into family life in Woodstock, ending with his divorce and Blood on the Tracks. That’s only the first decade and a half of Dylan’s career — there’s another movie to be made about Dylan’s born-again period, when he again offered new music to fans who didn’t receive it well. And what about a comeback story on the making of Oh Mercy or Time Out of Mind?
Dylan’s career lends itself to a certain kind of expansive storytelling, partly because he’s changed so much. (Todd Haynes’ I’m Not There had six different actors essentially playing six different Dylans.) But it’s also worth asking if Dylan is pointing the way forward for music films, as he did with Don’t Look Back. Think about it. Walk the Line told the Johnny Cash story in a way that ends in the late ‘60s, but Cash went on to decline in the ‘80s and came back in the ‘90s, with some of his best work, on the “American Recordings” albums. Isn’t that story worth its own movie? Straight Outta Compton tells the N.W.A. story, but the group’s members went on to have compelling careers that are worth their own stories.
Film executives might suggest that the big stories have already been done, but these days aren’t big stories just foundations for a franchise? Seeing a hero become himself is just the beginning — the best stories are often about what happens next. That’s certainly true in Dylan’s case, and I think it’s true of other artists, to one extent or another. That’s the idea behind the forthcoming Paul McCartney documentary Man on the Run, which tells his story after the Beatles broke up. I hope a Dylan movie sequel follows.
Billionaire hedge fund investor and Universal Music Group director Bill Ackman is a step closer to de-listing his Pershing Square Holdings from the Euronext Amsterdam exchange, a move that Ackman — whose Pershing Square company has owned around 10% of stock in the Universal Music Group since 2021 — has advocated for UMG to do, too.
The Euronext Amsterdam approved a plan for Pershing Square Holdings to de-list, with the closed-end fund’s last day of trading to be Jan. 30. The investment vehicle will consolidate trading of its shares on the London Stock Exchange, where it was co-listed in 2017 and where the majority of its trading happens.
Ackman and his family own more than 20% of the fund, and in November he advocated for moving the fund and UMG’s listing from the main Netherlands’ stock exchange after fans of an Israeli soccer team were attacked in early November in Amsterdam.
Trending on Billboard
UMG said at the time that it will review and decide what is in the best interests of all shareholders.
In a separate announcement on Thursday, Pershing Square said it distributed around 47 million shares of Universal Music Group stock, or roughly 2.6% of its overall stake, to investors as part of a planned wind-down of one of the funds Pershing Square initially used to purchase UMG shares from Vivendi in September 2021.
Pershing Square, which managed the closed-end fund called PSVII, said it decided to distribute, rather than cash out, the UMG stock “because we believe that UMG stock is substantially undervalued at its current share price, and the tax-free stock distribution enables our limited partners to continue to own UMG shares.”
Pershing Square continues to own around 140 million shares, equal to a 7.6% stake in UMG, through its core funds — Pershing Square Holdings, Ltd., Pershing Square, L.P. and Pershing Square International, Ltd. — Bill Ackman, Pershing Square employees and other affiliates, according to a company statement. UMG is still Pershing Square’s largest single holding.
As of Dec. 31, Pershing Square said UMG has had a total return of “46% including dividends over the approximately three-and-one-quarter-year life of the investment.” The company said that is better than “the S&P 500’s 37% return and the Amsterdam Exchange Index’s return of 21% over the same period.”
In 2025, indie digital rights nonprofit Merlin will double down on its recently unveiled AI policy while moving forward with its “first AI pilot program” in tandem with an unnamed “global partner,” CEO Jeremy Sirota said in a New Year’s memo to staff.
Sirota’s mention of the new program in the Thursday (Jan. 2) letter, obtained by Billboard, includes a nod to Merlin’s recently released memo outlining the organization’s position on AI, in which it warned tech companies not to harvest data from Merlin members to train AI algorithms while also stating that it supports “AI products that aid human creativity, or provide new opportunities for artists to create and collaborate in developing new original works.”
“We are proving that innovation, respect for artists and delivering on our policy on AI and abiding by our position on AI can go hand in hand,” Sirota wrote in the memo. “Let’s continue to identify AI partners who want to be on the right side of history about copyright, consent and culture.”
Trending on Billboard
Sirota’s memo also highlights new deals with both Meta and Audiomack signed in 2024, adding that “nearly 400 of our members joined” the latter agreement, “putting it near the top of deals for the total number of members opted in.” He additionally touts new agreements with social streaming platforms Rhythm and Turntable/Hangout as well as renewals with Peloton, Tencent, Twitch, YouTube, Anghami, Deezer and iHeart, among others.
Additionally, Sirota makes special mention of Merlin’s Data Warehouse and Insights initiative, noting that in 2024, Merlin “greatly expanded the access independents have to critical insights” via its recorded music data, which he notes is “one of the largest sets” in the industry. He also makes sure to hype Merlin Connect — a new initiative launched in June that aims to help emerging tech and social platforms license independent music while increasing earnings for Merlin members — stating that the program is “creating a blueprint for how music powers the next wave of digital experiences.”
Elsewhere in the memo, Sirota says that Merlin’s effective admin fee for members, which “is initially set at 1.5%,” was just 1.17% between 2021 and 2023 thanks to nearly 16 million pounds paid back to members in the form of rebates. “Every year we set a goal of maximizing how much we pay back to our members as a rebate,” Sirota writes, adding that while there’s “no guarantee we can always achieve these incredibly low rates… this is a remarkable achievement to celebrate.”
For 2025, Sirota outlines three major goals: to “super serve” Merlin members via its “Insights visualization rollout,” which he says “will expand the scope of business intelligence available to our members”; “supercharge Merlin Connect”; and expand Merlin Engage, a mentorship program that aims to “empower the next generation of female leaders in the independent music space” and which last year expanded to 30 participants, he says.
Read Sirota’s full memo below.
Hi Merlin Team,
As we start a new year, I’m struck by a simple truth: while our members represent over 15% of the global recorded music market, the music industry’s future will not be shaped by those with the broadest reach or even deepest pockets. It will be owned by those with the clearest vision and strongest commitment to artists. This is why we stay laser-focused on our singular mission: strengthening the world’s leading independents to compete and strengthen their independence. I couldn’t be prouder of our mission and this team.
Let’s never forget that our difference is more than just a business model; it’s a belief system. We deliver true independence as the only global deal making organization that is member-led, member-owned and member-governed. Every single day, we wake up and get to solve the most important question: how can we better serve our members? Our key performance indicator is simple: the success of our members and the artists they represent.
I’d be remiss if I didn’t specifically acknowledge your incredible cross functional work in December, which culminated in the launch of Merlin’s first AI pilot program. This was an impressive accomplishment achieved in close partnership with our members. It also marks an exciting start to our AI journey with a global partner. We are proving that innovation, respect for artists, and delivering on our policy on AI and abiding by our position on AI can go hand in hand. Let’s continue to identify AI partners who want to be on the right side of history about copyright, consent, and culture.
Let’s reflect back on 2024 and then look forward to 2025.
Membership
Collectively, our membership rivals the largest players in music. Merlin stands as the guardian of independence in digital music, not just through deals and technology, but as a force that protects and empowers independents to thrive on their own terms. We are indies – smart, adaptable, and fiercely dedicated to proving that independence, partnership with artists and market leadership can go hand in hand. From our newest team member to our longest-serving partner, we share one goal: ensuring independent music maintains its significance and voice in the digital future.
Everyone at Merlin is inspired by the diversity of artists, music, and experimentation our independent members bring to the world. This year we were proud to welcome a number of leading and innovative independents into Merlin deals: Artist Partner Group (U.S.), Nettwerk Music Group (Canada), Rostrum Pacific (U.S.), UNFD (Australia), VP Music Group, and Wide Awake (Netherlands).
Merlin members rule. Here’s just a small sample of the incredible releases from our members’ artists in 2024 (and a soundtrack to start the new year):
Armada Music – the world is always a better place when Armin van Buuren releases new music
Better Noise – The Hu’s live album
Curb Records – the resurgence of Sixpence None the Richer “Kiss Me”
Domino Records – who doesn’t love Arctic Monkeys, but, also, what an amazing debut solo album from Beth Gibbons
EMPIRE – one word: Shaboozey
Exceleration & Redeye – Daptone Records released the new album from Thee Sacred Souls “Got a Story to Tell”
Hopeless – a new Neck Deep album and 30 years of Hopeless
Lex Records – the album by Eyedress “Vampire in Beverly Hills”
Muting the Noise – Adam Port’s amazing track “Move”
Nettwerk – bôa “Duvet”
Ninja Tune – the viral hit by nimino “I Only Smoke When I Drink”
Pony Canyon – the new album “Rejoice” from OFFICIAL HIGE DANDISM
Secret City – Patrick Watson “Je Te Laisserai des Mots” (the first French language song to reach 1bn streams on Spotify)
Secretly – the continued success of Mitski “My Love Mine All Mine” and Khruangbin (Best New Artist nod at Grammys)
Sub Pop – Suki Waterhouse
UnitedMasters – what a year for FloyyMenor
Warp Records – releases from Flying Lotus and Nighmares on Wax
Finally, you know that our Admin Fee is used to cover our budget and is initially set at 1.5%. Every year we set a goal of maximizing how much we pay back to our members as a rebate (i.e., the difference between our actual budget and the 1.5%). I’m pleased to report that, over the last three years, we have paid back nearly £16,000,000 to our members in rebates. From 2021 through 2023, our average effective admin fee was 1.17%. There’s no guarantee we can always achieve these incredibly low rates, but this is a remarkable achievement to celebrate. It’s a testament to your hard work and the creativity in how we operate this organization.
Partnership
Yes, we renewed our licensing agreement with Meta. More importantly, we strengthened and expanded our partnership. Meta is a partner who values Merlin, its members, independent music and building together. That’s why I continue to prioritize this partnership. The Meta team is keen on helping our members and their artists drive culture, are keen on fandom, and appreciate the unbelievable talent of independent artists.
We also struck a new deal with Audiomack, an artist-first music streaming platform that empowers artists to reach and engage with fans worldwide. Despite being in business for over twelve years, and a significant number of our members having direct deals, nearly 400 of our members joined the Merlin deal, putting it near the top of deals for the total number of members opted in. That is the value of Merlin and the importance placed by Audiomack on our partnership.
We ensured our members are at the forefront of social streaming platforms, striking deals with Rythm, the pioneering community-based group listening platform, and Turntable (Hangout), designed to make music a more social experience.
Every partnership matters to me, but I want to applaud your enhanced approach to dealmaking and partnership in renewing with Peloton (new features), Tencent (VIP tier), Twitch (DJ program), and YouTube (working in partnership with them on the full spectrum of our relationship from content integrity through to their product innovations).
Beyond new deals, we renewed our partnerships with Anghami, Deezer, FLO, iHeart, JioSaavn, JOOX, KKBox, Kuaishou, Lickd, and VEVO.
These are music services that value Merlin, its members and independent music. One stand-out you might have missed is our Soundtrack Your Brand partnership where, thanks to a cross functional team effort, we have increased our members’ deal participation by over 50%.
Another stand-out is our Canva partnership, where Merlin members and their artists’ music account for over 40% of Canva’s music library. That’s the power of independent music.
Merliners
2024 was our Year of Connectivity. To continue providing opportunities for the Merlin team to build closer relationships with our members, our partners, the trade associations, and each other, we held our first ever company-wide global retreat (which you affectionately called The Great Merlin Escape). We set goals of fostering greater understanding and empathy, building context across teams, and leaning more into strategic thinking. It was great to have a dedicated facilitator to help Merliners better understand their own strengths, learn how to more effectively collaborate cross functionally, and implement practices that help Merliners more effectively serve the needs of our members. Don’t forget you can find the group photo here.
For a small team, I am amazed at how many opportunities we create to connect with our partners, members, and the network of dedicated trade associations around the world. The web sessions and in-person meet-ups we hosted had attendees numbering in the thousands; we traveled to over 30+ countries; we participated in dozens of panels, moderated many more, and delivered keynotes; and we were proud to organize unique visits to our members’ offices where so many Merliners could listen to, learn from and interact with our members. I can’t wait to do more of those this year.
We integrated these connections into our daily operations by launching and improving the internal systems that make knowledge-sharing about our business relationships easier throughout the org, all in the service of helping members and partners get more from Merlin.
Continuing with the theme of connectivity, I want to again extend a warm welcome so many talented people who joined in 2024 across virtually every discipline: Alice Moss arrived from SoundCloud into our Member Operations team; Carol Zuma-Hall from Platoon/Apple as our new Controller; Ceri Brown as our new UI/UX designer; Emillia Walsh as our talented Paralegal; Gary Watson moved from a consultancy role on our Data Warehouse initiative to leading our Data Operations team; Jac Powell came from Universal Music as senior data analyst; Kirsty Langdell as our new People & Culture Lead; Leah Kraft with time at Spotify and Disney joined Member Relations; Maria Lavric in our newly-formed Data Operations team; Martin Vovk joins from Sony Music as our new Insights lead; Matt Price as a Data Engineer supporting our warehouse; Molly Kempen on our reporting team; Sara Oman on our analytics team; Simon-Turner Thompson as our new product manager; and Wes Green as our first-in-kind Product Owner.
I also want to welcome back Kaoruko Hill, our second boomerang employee, as our new GM for APAC. And the unbelievably talented Neil Miller, who joined as our new General Counsel, supporting the best Business Affairs team in the world.
Technology and Innovation
We’re building a future where independent music thrives on its own terms – innovative, authentic, and uncompromised. This isn’t about competing with or trying to recreate the past. It’s about redefining what’s possible when technology and independence join forces.
But scale alone is not enough. Music discovery and consumption have fundamentally changed. Gaming, social platforms, and new consumption models have shifted power toward independents. Our deals don’t just ride these changes – they shape how value flows to rightsholders.
This is how Merlin helps our members stay at the forefront of the industry. We are in this business because we love music and the artists who make it. Our superpower at Merlin is built on supporting our global membership through three core philosophies: rights, relationships, and resourcing (here).
Along those lines, I’m thrilled with how far along we’ve come with our Data Warehouse and our Insights initiative. Merlin sits on one of the largest sets of recorded music data in the industry. Our ability to leverage that data will unlock so many opportunities for our members. From helping our members understand rapidly changing platform trends to navigating new markets, we have greatly expanded the access independents have to critical insights. Kudos to the team in refining and improving Dremio and our capability for better business analytics and insights performance. This sets the stage for 2025 in continuing to improve how we help members understand their performance within the global marketplace.
And, of course, Merlin Connect. While others guard old models, we saw that emerging platforms needed a fresh approach to music licensing. These platforms want quality music but traditional licensing remains complex, slow, and expensive. We built something different: a streamlined path to independent music, backed by API delivery and hands-on support. This isn’t another licensing deal – we’re investing in the future of independent music and creating a blueprint for how music powers the next wave of digital experiences. What’s most exciting? The unlimited possibilities we can explore and technologies we haven’t even heard of yet.
Through Merlin Connect, we’re opening new channels for our members’ music while solving a critical market problem. It’s exciting that platforms want to work exclusively with Merlin and its members as their music solution of choice. They know the transformative impact our members’ music will have on their platforms and we can’t wait to be the catalyst for that impact this year.
2025 and Beyond
Let’s crank our initiatives up to 11:
Super Serve Our Members: With our Insights visualization rollout, we will expand the scope of business intelligence available to our members, and deliver it via a self-serve tool in the Wizard.
Supercharge Merlin Connect: Let’s continue to drive opportunities into emerging platforms and create monetization opportunities by making music accessible to more business innovators.
Expand Merlin Engage; Build More Community: This mentorship program, from across the global Merlin membership, is helping empower the next generation of female leaders in the independent music space. Last year, we expanded our program to 30 participants, brought on board a seasoned facilitator (Miriam Meima), and offered additional workshops in managing up, storytelling (also offered to program alumni), and other workshops in soft skills. This year we’re going bigger.
Enjoy a well-deserved break with your friends and family. I look forward to our work together in 2025 and beyond.
Let’s build a future for true independence!
Jeremy
Lauren Davis, a veteran music business attorney, has been promoted to associate chair of New York University’s Clive Davis Institute of Recorded Music.
Davis joined the institute’s full-time faculty in 2006, teaching courses on the legal and business aspects of the music industry, including intellectual property law. She has also lectured on social entrepreneurship and advancing equity and inclusion in music. As the director of professional development at CDI, she oversees the professional planning and Senior Year Professional Development courses for graduating students.
With 33 years of experience as a music and entertainment attorney, Davis has represented high-profile recording artists, songwriters, producers, publishers, and music companies. She has also served as the faculty senator on NYU’s Faculty Council for six years, advocating for faculty interests.
Trending on Billboard
Nick Sansano, chair of the Clive Davis Institute, praised Davis for her unwavering support and inspiration to students since the institute’s inception.
“Her music business and legal expertise, and her academic focus on policy, rights advocacy, and gender equity in the music industry has influenced and directed the professional lives of so many of our students and alumni,” he said. “Her willingness to take on the role of Associate Chair, deepening her contribution to the development of our curriculum and mission, is a huge win for our program.”
Davis expressed her excitement about her new role, stating it has been a privilege to teach and prepare future industry leaders over the past 18 years, adding that she’s “excited to roll up my sleeves, work with Nick Sansano as chair, and help steer the Clive Davis Institute’s growth and expansion in the years ahead.”
Named after the iconic music executive, the program offers a distinctive BFA that blends business, creative and intellectual exploration as part of NYU’s Tisch School of the Arts. The CDI marked its 20th anniversary earlier this year and is a fixture in Billboard‘s annual list of top music business schools.