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When the idea for the Americana Music Association emerged in the late 1990s, it came from a community that shared a vision. A collective of artists, label executives, journalists and radio programmers all believed in promoting music driven by ideals and creativity rather than revenue. The nonprofit launched in 1999 and held its first convention in Downtown Nashville the following year with performances from Rhonda Vincent, Sam Bush, Jim Lauderdale and Rodney Crowell. In 2002, the first Americana Music Honors & Awards show was held lauding Lauderdale, Buddy & Julie Miller, Johnny Cash, Emmylou Harris, Billy Joe Shaver and T Bone Burnett.
Over the past 25 years, the association has worked to fashion a community that supports an ever-growing, ever-evolving slate of artists whose roots music styles include country, folk, bluegrass, R&B and roots-rock. The Avett Brothers, Carolina Chocolate Drops (whose members then included Rhiannon Giddens), Mumford & Sons, Jason Isbell, Brandi Carlile, Margo Price, Sturgill Simpson, Brandy Clark and the late Levon Helm have had sterling career successes under the Americana banner, followed by the recent ascension of Noah Kahan, Wyatt Flores, Kaitlin Butts, Charley Crockett, Tyler Childers and Allison Russell.
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The Americana genre is “just a home base thing, for me — I’ve built my whole life within this community, including my family and my kids,” Carlile told Billboard last year when she received Grammy Award nominations in the pop, rock and Americana categories. “We’re just rooted in our Americana people. And what Americana really is is a rejection of some of the exclusive tenets of country music — I mean that politically; I mean that sonically. In terms of diversity, Americana is where you’re going to see it the most.”
Jed Hilly has been key to the Americana Music Association’s growth. After serving as head of label for Orbison Records, Hilly became the association’s executive director in 2007 and has been a foremost advocate for the genre. He sees the organization’s mission in simple terms: to advocate for the authentic voice of American roots music. During Hilly’s tenure, the Recording Academy expanded its Americana/roots categories at the Grammy Awards (there are now four), while Billboard updated the name of its Folk Albums chart to Americana/Folk Albums and the Merriam-Webster Dictionary added the word “Americana.”
In recent years, acts including Carlile, Crockett, Russell, the late John Prine, Billy Strings and The War and Treaty have won honors in top categories at the Americana Music Honors & Awards, and the association now boasts 4,000 members. In addition, the annual Nashville-based AmericanaFest has served to highlight a diverse array of talent, with last year’s event showcasing 200 acts with performances spanning 48 venues across the city. The 2024 AmericanaFest will take place Sept. 17-21.
As the Americana Music Association celebrates its 25th anniversary, Billboard spoke with Hilly about the organization’s beginnings, its evolution and the genre’s current surge in popularity.
Tell me about the origins of the Americana Music Association.
In the late ’90s, there was a movement against commercial country radio, which had dropped artists like Steve Earle, Emmylou Harris, Lyle Lovett, Rosanne Cash and the list goes on. The movement was started by Jon Grimson and Rob Bleetstein, [who were instrumental in launching] an Americana chart for [music publication The Gavin Report], where they cherry-picked the stations that were still playing that kind of music. Then in 1999, when about 30 people got together at South by Southwest in Austin, they wanted to start a trade association like others had done.
The credit goes to the founding fathers, mothers, sisters and brothers, people like Emmylou Harris, Buddy Miller, Rodney [Crowell]. We truly have changed the landscape of music. We’ve given prominence to those artists who otherwise might not be heard. Music in the ’90s became more commercial, with less artist development. SoundScan really shifted the landscape. But as T Bone Burnett says, “If you make a great album, you make a great album.”
Jed Hilly onstage during the association’s Honors & Awards nomination ceremony at the National Museum of African American Music in Nashville on May 7, 2024.
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The Americana Music Association has done significant advocacy work in expanding the roots and Americana recognition at the Grammy Awards.
That was the first thing I was working on. Hats off to Robert Plant, Alison Krauss and T Bone Burnett [whose 2007 Raising Sand earned five Grammys, including album of the year]. We welcomed that album before it [went] on to win Grammys. It was our album of the year in the fall before the Grammys, when they were nominated and won all those awards. When Robert went into the press room at the Grammys with four or five Grammys stacked up, someone asked him which was his favorite, and Robert said, “Actually, it was the one we won in Nashville last fall.” That opened the doors. I engaged [the Americana Music Association’s] membership to support the Recording Academy’s membership [because the academy’s philanthropic division], MusiCares, is an organization I so respect. Significantly, the Americana album category became the fastest-growing category, percentagewise, for the Grammys.
In recent years, top Americana Music Honors & Awards winners have included the bluegrass-rock sounds of Billy Strings, Charley Crockett’s old-school country and soul sounds, the songcraft of John Prine, the strong voices of Brandi Carlile and Allison Russell and the country-soul sounds of The War and Treaty. How do you define Americana today?
Music evolves. Billy Strings crosses a contemporary line. Maybe a more radical version would be Mumford & Sons with that first album. They crossed a contemporary line. With blues, if Muddy Waters is the baseline, Bonnie Raitt made a contemporary form of the blues. [Bob] Dylan and the band [went] electric at [the Newport Folk Festival] — that was not folk music anymore; it was something else. I believe that it’s important for art forms to maintain their integrity. In 1955, rock’n’roll was Elvis Presley; 1961, it was Chubby Checker; and fast-forward to U2 winning [the Grammy for best rock performance by a duo or group with vocal] for The Joshua Tree. It evolves.
I also give credit to Danna Strong, who was the first Americana Music Association employee and is still our director of education and programs and conference producer. Danna came to me in 2010 and said, “No one’s honored Muscle Shoals. How do we do that?” We honored everyone in Muscle Shoals and asked Rick Hall [who has been called “the Father of Muscle Shoals”] to accept the award, but honored everyone who was part of that.
Did that change the way you looked at the awards?
We recognized inspiration as part of the criteria for a lifetime achievement award, and that came in part from Porter Wagoner. In my first year, I was reluctant to honor Porter and I hate that I was reluctant, but I was figuring things out. Porter, to me, was the epitome of country music, and I felt we were something different than country music. But I realized people like Buddy and Rodney all did Porter songs on their albums. That opened the door to other ideas, like [honoring] Richard Thompson [and] honoring Booker T. and the M.G.’s. That’s not what you would think of as the down-the-middle Americana at the time. It was about looking at the greater landscape of inspiration.
The Americana Music Honors & Awards is slated for Sept. 18 in Nashville, and the awards have become more inclusive in honoring the work of pioneers such as Mavis Staples and Allen Toussaint, but also celebrating the artistry and musicianship of contemporary artists including Brandi Carlile and Allison Russell.
Diversity is important. I woke up after the [Americana] awards show in 2013 or 2014 and realized that all of our lifetime achievement honorees were basically white, middle-aged men. Americana is the contemporary form of music that is derived from multiple roots genres. The best way I know to go about that is to find people who feel welcome in the community and show them off. The McCrary Sisters have been our in-house band for as long as we’ve been doing this, and they are extraordinary. We have partnered with the National Museum of African American Music. The Fairfield Four as a quartet deserves to be recognized and honored — let’s put a spotlight on that. Our goal is to be open and welcoming. Do we have a long way to go? Sure we do. Americana is a great American art form, and it’s an opportunity that welcomes all walks of life with an authentic approach to making music. I do believe that if everyone in the world listened to Americana music for one hour, the world would be a better place.
Over the past few years, artists such as Zach Bryan and Noah Kahan, who have a roots-driven sound, have dominated all-genre charts. They aren’t based in Nashville, but they are having a huge impact in driving listeners to seek out more Americana sounds. What is your take on that impact?
Americana’s rockin’ right now. Noah has participated in several events, and he’s nominated for artist of the year this year. When The Lumineers took off, we embraced them early and nominated them for emerging artist of the year. They didn’t really know what we were doing, so we sat down with them, and as time went on, they were like, “What can we do to help?” They did a show during AmericanaFest at The Cannery [Ballroom], so 700 people got to see them perform. I hope Zach will join us someday. I think he’s an Americana artist — he’s not a country artist, in my humble opinion. But we look at Wyatt Flores and Sierra Ferrell, Nathaniel Rateliff, Jason Isbell and Brandi Carlile selling out massive rooms. Whether or not Americana has a mainstream [radio] hit, we can build careers.
This story appears in the Aug. 24, 2024, issue of Billboard.
A federal judge has ordered convicted pharma executive Martin Shkreli to hand over his copies of Wu-Tang Clan’s Once Upon a Time in Shaolin, rejecting his claims that he had a right to retain duplicates of the one-of-a-kind album even after he forfeited it to federal prosecutors.
Following a hearing Friday in Manhattan federal court, Judge Pamela K. Chen granted a preliminary injunction to PleasrDAO — a digital art collective that bought the album in 2021 after Shkreli was forced to forfeit it as part of his criminal case.
In addition to extending previous restrictions barring him from sharing the album, the judge ruled that Shkreli must hand over “all recordings of the Album’s contents that Defendant possesses or controls” to his own attorneys. He has until Friday to file written confirmation that he’s done so.
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By granting the motion, Judge Chen rejected Shkreli’s arguments about the copies. In court filings last month, his lawyers argued that making private copies had been legal when he owned the rare album — and that he had not been required to turn those copies over to prosecutors when he handed over the famous original CD.
Pleasr sued Shkreli in June over the potential leak of the album, accusing him of violating both their purchase agreement and the federal forfeiture order. They also accused him of violating federal trade secrets law, which protects valuable proprietary information from misappropriation.
Wu-Tang’s fabled album was recorded in secret and published just once, on a CD secured in an engraved nickel and silver box. Though the group intended the bizarre trappings as a protest against the commodification of music, Shaolin later became the ultimate commodity. In 2015, Shkreli — soon to become infamous as the man who intentionally spiked the price of crucial AIDS medications — bought it at auction for $2 million.
When it was initially sold, Shaolin came with much-discussed stipulations — namely, that the one-of-a-kind album could not be released to the general public until 2103. But Shkreli’s lawyers say the deal granted him the right to “duplicate or replicate the work for private use.”
After Shkreli was convicted of securities fraud in 2017, he forfeited the album to federal prosecutors to help pay his multi-million dollar restitution sentence. Pleasr then bought the album from the government in 2021 for $4 million, and in 2024 acquired the copyrights and other rights to the album for another $750,000.
Pleasr, which has recently been attempting to monetize the album, sued Shkreli on the grounds that had been threatening to release the album publicly and destroy the exclusivity that the company had purchased.
In a statement following Friday’s ruling, Pleasr’s attorney, Steven Cooper of the law firm Reed Smith, called the ruling “an important victory” for his client: “We are pleased that Judge Chen recognized that immediate relief was necessary to thwart the continuing bad acts of Mr. Shrkeli.”
An attorney for Shkreli did not immediately return a request for comment.
Following Friday’s ruling, the injunction against Shkreli will be in place until a final ruling is reached at the end of the case. Barring a settlement, the lawsuit will now proceed to full litigation – including discovery, dueling motions from each side, and an eventual jury trial.
TickPick has raised $250 million from Brighton Park Capital and golfer Rory McIlroy’s investment partnership Symphony Ventures, it was announced Thursday (Aug. 22). TickPick was founded in 2011 by co-CEOs Brett Goldberg and Chris O’Brien as an independent ticketing marketplace. Since launching, TickPick has been downloaded 14 million times and transacted more than $1 billion […]
CTS Eventim shares finished the week up 5.3% after the company sounded upbeat about the second half of 2024 in its Thursday (Aug. 22) earnings release.
Based on its performance in the first half of the year, the German promoter and ticket seller expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) “to grow significantly” in the latter half of the year. Second-quarter adjusted EBITDA improved 23.3% to 110.0 million euros ($118.4 million) with the help of the June acquisition of See Tickets from Vivendi.
CTS Eventim is among the best-performing music stocks of 2024, having gained 34.5% year to date. That gain outstrips fellow promoter Live Nation (up 25.0%) and lags behind only Believe (up 43.3%), Sphere Entertainment Co. (up 47.3%) and Spotify (up 82.3%).
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As well as CTS Eventim fared this week, three other music companies had larger gains. iHeartMedia jumped 19.0% to $1.42, continuing its tendency to rise and fall in the absence of any market-moving news or financial releases. SiriusXM rose 6.7% to $3.00, perhaps assisted by news the company signed Gen Z podcaster Alex Cooper (Call Her Daddy) in a move that could help bring a younger audience to its new streaming app. HYBE improved 6.1% to 166,400 won ($125.60).
Chinese music streamer Cloud Music gained 1.4% to 91.60 HKD ($11.75) after the company posted revenue of 4.07 billion RMB ($571 million), up 4.1%, in the first half of 2024, it announced Thursday (Aug. 22). Like the leading Chinese music streamer, Tencent Music Entertainment, Cloud Music has two segments that are headed in opposite directions. Music subscription revenue grew 26.6% to 2.56 billion RMB while social entertainment and other revenue fell 19.9% to 1.51 billion RMB ($212 million).
An unusually large majority of music stocks posted gains this week. The Billboard Global Music Index gained 2.7% to 1,829.18, bringing its year-to-date increase to 19.2%. Of the 20 stocks on the index, 17 were gainers and just three lost ground. Three radio companies (iHeartMedia, Cumulus Media and SiriusXM) led the way with an average gain of 8.8%. Multi-sector companies (including Universal Music Group, Warner Music Group and HYBE) rose an average of 3.4%. Live music companies had an average gain of 3.0%.
Streaming companies fell by an average of 0.2%. In fact, all three companies in the red this week were music streamers: Deezer (down 0.5%), Tencent Music Entertainment (down 2.8%) and Anghami (down 3.3%). Spotify, the index’s largest component, gained 1.5% to $337.38.
Stocks were up in the U.S. on positive economic news. After U.S. Federal Reserve chair Jerome Powell suggested on Friday (Aug. 23) it would soon cut interest rates, both the S&P 500 and Nasdaq finished the week up 1.4%. In South Korea, where trading was closed by the time the Federal Reserve statement made news, the KOSPI composite index rose 0.2% to 2,701.69. Likewise, China’s Shanghai Composite Index fell 0.9% to 2,854.37. In the United Kingdom, the FTSE 100 rose 0.2% to 8,327.78.
The $2.3 billion sale of ASM Global, the facility management firm that manages venues like Soldier Field in Chicago and the Coca-Cola Arena in Dubai, finally closed today, a full 10 months after it was announced that Legends was purchasing the firm from AEG and Canadian private equity firm Onex. The lengthy delay was the result of a U.S. Department of Justice investigation into Legends for allegedly violating anti-trust regulations during its review of the deal, recently disclosed documents show, which led to Legends paying a $3.5 million civil fine.
According to court records in the Southern District of New York — the same court where Live Nation is fighting a historic antitrust case against the DOJ — officials with Legends allegedly “assumed unlawful control over ASM” during a statutory waiting period that required “Legends and ASM to continue to operate as separate and independent entities while the Antitrust Division of the Department of Justice reviewed the acquisition.”
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According to a DOJ complaint, Legends won the right to manage a new arena project in San Diego that had been formerly managed by ASM Global. After winning the contract, Legends assigned some of the responsibility of the contract to ASM, despite not having completed the pre-merger review or received approval from the DOJ.
In August 2023, Legends officials again allegedly violated DOJ rules that the two firms act as separate companies when they bid for a contract in North Carolina to manage an existing entertainment complex. According to the DOJ complaint, “a senior Legends executive emailed Legends’ then-CEO noting, ‘I assume we would rather have ASM chase this?’ The then-CEO informed another executive, ‘we will find out if ASM is bidding as don’t want to both be bidding,’ and set a calendar reminder for himself tospeak with a senior ASM executive about the North Carolina RFP.” The DOJ alleges that Legends and ASM also illegally shared information on two other projects they were bidding for.
Legends was accused of violating the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and agreed to pay a $3.5 million fine, “an amount that is less than the maximum penalty permitted,” government documents reveal, noting “a lower penalty is appropriate because of Legends’ demonstrated willingness to take corrective internal action and fight allegations in court, avoiding “the costs associated with a prolonged investigation and litigation.”
Under the agreement, Legends must “appoint an antitrust compliance officer at its expense, to conduct compliance training, to certify compliance with the Final Judgment, to maintain a whistleblower protection policy, and to provide the United States inspection and interview rights to assess compliance with the Final Judgment,” the documents read.
The sale of ASM Global to Legends got rolling last year after Canadian private equity firm Onex notified AEG of its plans to sell its 35% stake in ASM. Instead of buying out Onex, AEG agreed to put the entire company up for sale. On Nov. 3, Onex and AEG jointly announced that Legends was buying ASM, creating the country’s leading venue management company.
Representatives for Legends and ASM Global did not immediately respond to requests for comment.
“The next era of Legends starts now,” said Dan Levy, CEO of Legends, in a press release issued Friday (Aug. 23). Global investment firm Sixth Streets owns majority control of Legends, with minority stakes held by subsidiaries of the New York Yankees and Dallas Cowboys. Levy, who previously worked at Meta, became CEO of Legends in April.
Ron Bension, ASM Global president/CEO, added, “One of our ASM Global mantras for a number of years has been ‘the future is now.’ By joining Legends, that future has not only arrived, but it couldn’t be brighter. The opportunities created by our companies’ collective capabilities will elevate not only the success of our partners, clients, and projects worldwide, but the industry as a whole.”
Founded in 2008, Legends now has 400 clients under management including Allegiant Stadium in Las Vegas, Caesars Superdome in New Orleans and OVO Arena Wembley in London. ASM Global will continue to operate under its current name for now.
Moelis & Company LLC and BofA Securities, Inc. served as financial advisors to Legends, while Ropes & Gray LLP and Cleary Gottlieb Steen & Hamilton LLP served as its legal counsel. Goldman Sachs and Jefferies served as financial advisors to ASM Global, while Latham & Watkins LLP, Hogan Lovells and Arnold & Porter served as its legal counsel.
AP Dhillon’s new major label deal is off to a good start.
The Punjabi-Canadian artist’s first single on Republic Records, released “in alliance with” Universal Music Canada, has debuted at No. 53 on the Billboard Canadian Hot 100.
“Old Money” is a catchy and replayable mix song with lyrics that translate to something reminiscent of post-breakthrough Drake: “Every girl wants to know how I’m doing / ever since they realized my worth.”
But what elevates the song into full blockbuster is its music video, which reunites two major movie stars for a cinematic homage to the ’90s action films from India that Dhillon grew up watching. Salman Khan and Sanjay Dutt star in the video alongside Dhillon and his longtime collaborator Shinda Kahlon in an epic and bloody short film complete with car-chases and gunfights (it ends with the message, “Say no to violence”).
Dhillon isn’t the only star from India making moves on the Canadian Hot 100. “Big Dawgs” from Hanumankind and Kalmi moves into the top 10 this week, hitting No. 9 at the same time it also hits No. 9 on the Global 200 and No. 8 on the Global Excl. U.S. chart. Punjabi-Canadian artist Karan Aujla‘s debut Bollywood soundtrack single “Tauba Tauba” also holds on the Canadian Hot 100 at No. 81. The Punjabi Wave is in full force.
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Head here for a full breakdown of this week’s Canadian Hot 100. – Richard Trapunski
Charlotte Cardin, Jully Black and More to Perform at Billboard Canada Women in Music 2024
Billboard Canada Women in Music is loading up with talent for the Sept. 7 celebration in Toronto.
Guest of honour Alanis Morissette will appear at the event alongside other stars including Jessie Reyez, and they’ll be joined by some big live performances.
Montreal singer-songwriter Charlotte Cardin will take a rare break from her world tour during a breakthrough year with charting hits from “Confetti” to “99 Nights” and performances at the NBA All-Star game and for Justin Trudeau and Joe Biden.
Jully Black is planning a special cover for the event. The celebrated R&B/soul artist, who has collaborated with artists like Nas and Kardinal Offisshall, has been repping Canada for decades, and is now being embraced by new generations of fans.
Breakout pop singer LU KALA will accept her Rising Star award at the ceremony, and she’ll also grace the stage for a performance of her empowering pop hits. Acclaimed Toronto hip-hop artist Haviah Mighty will co-host the Billboard Canada Women in Music event and also bring the energy in a performance of her own.
A pair of fast-rising singers will also get a spotlight. Juno-winning Montreal artist Rêve has hit the Billboard charts a number of times with her infectious dance-pop hits, and was also named Billboard’s Dance Artist of the Month. Soulful Plains Cree and Salish singer Tia Wood released her first single, “Dirt Roads,” just two months ago, but already has a dedicated audience of fans who’ve been following her on her popular TikTok account.
Tickets to attend Billboard Canada Women in Music are available for purchase here.
Former Just For Laughs Executive Christine Melko Ross Joins Live Entertainment Company Outback Presents
A former executive at Just For Laughs is taking her expertise to another major live entertainment promoter.
Christine Melko Ross will be the new senior vp of global operations at Nashville-based Outback Presents, taking charge of expanding the company’s Canadian footprint.
Melko Ross was with Just for Laughs (JFL) for 23 years, before the Montreal comedy company filed for creditor protection earlier this year to avoid bankruptcy and laid off the majority of its staff. At JFL, Melko Ross helped launch the Toronto edition of the Just for Laughs festival, built up the company’s touring division, and was integral to its flagship Montreal festival’s operations.
In Canada, Outback isn’t as high-profile as a comedy brand, but the company placed No. 6 on Billboard‘s year-end Box Score promoters list for 2023 and is handling upcoming tours from comedians like Shane Gillis, Bill Burr and Jim Gaffigan.
Melko Ross tells Billboard Canada she’s excited to help Outback grow its presence in Canada, and not just in major markets like Toronto, Vancouver and Calgary.
“Canadians love to laugh so we want to make sure that they’re entertained from coast to coast,” she says. “There’s lots of opportunity to do things in smaller places.” She highlights cities like Victoria and Regina and emphasizes that the Maritimes are often overlooked by touring acts.
“They’re great audiences — Halifax has five universities in it. That’s a growing market.”
It’s a tricky time for the live performance industry. Many festivals and venues, JFL amongst them, are facing existential threats from a combination of factors: lost revenue during the pandemic, rising overhead costs, and audiences that are slow to get back in their seats.
But Melko Ross says comedy fans have been coming to shows in droves.
“I think it’s gonna continue growing,” she adds. “I do think that that’s one area of the arts that has been very strong.”
JFL itself was revived in a smaller form this summer when Quebec comedy company ComediHa! acquired its assets. The new owner put on a renamed edition of the festival featuring Dane Cook and Bassem Youssef.
“It’s a brand that many of us hold dear to our heart, so hopefully the spirit of that remains,” Melko Ross says of JFL. – Rosie Long Decter
Anyone who has bought a vinyl record or a CD in recent years knows full well that physical music products aren’t exempt from the inflation that has plagued U.S. consumers.
In fact, the price of a vinyl record in the U.S. rose 25.5% from 2017 to 2023, according to Billboard’s analysis of RIAA data — slightly more than the 24.3% increase in the consumer price index over the same time. CD prices fared a bit better, increasing just 20.4%.
However, while music subscription prices are rising, consumers can probably expect physical music prices to remain somewhat level going forward: Insiders who spoke with Billboard say vinyl prices are remaining steady in 2024 after the COVID-19 pandemic created supply chain problems and raised the costs of everything from raw materials to labor.
As one music distribution executive put it, those supply chain problems are “flattening out.” As a result, turnaround times have improved drastically as manufacturers worked through their pandemic-era order backlogs. “I feel like the prices will flatten, too,” says the executive.
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“Our manufacturing prices have been stable for quite a while,” says Bill Hein, CEO of Pressing Business. Freight costs can be improved if a buyer books with flexible dates, Hein says, and reliable sea freight is being used for more of its U.S. deliveries. “Generally speaking, both air and sea freight are more predictable now than they were during the lockdown era, and prices are generally better.”
Outside of the music business, rising prices on everyday necessities have been a fact of life. Tired of the inflation that has eaten into their paychecks, Americans are pushing back against the high cost of staples, and companies are responding with attempts to reduce prices.
In July, PepsiCo CEO Ramon Laguarta suggested consumers had grown tired of more than two years of rising prices. “Some parts of the [Frito-Lay] portfolio need value adjustment,” he said during a July 11 earnings call. Overall sales volume was down 4% in its most recent quarter, and North American beverage sales for the company dipped 3%. PepsiCo will respond, Laguarta said, by offering better deals and increasing advertising. For some consumers, Laguarta added, “we need some new entry price points.”
Companies across the economy are sharing PepsiCo’s experience with price-fatigued shoppers. Walmart is offering more short-term discounts. Target lowered prices. Fast food giants McDonald’s, Wendy’s and Taco Bell are courting customers through low-cost bundles and value-oriented menus. And because it’s an election year, Vice President Kamala Harris, the Democratic nominee for president, has floated a federal ban on price gouging in the grocery and food industries.
Since vinyl prices are based heavily on manufacturing costs, there’s little to prevent prices from creeping up without sellers losing profits. Vinyl retailers set prices based on wholesale costs and their need to cover overhead and other expenses. Artists on record labels must pay the wholesale price for their physical goods and don’t have control over pressing and printing costs, says Paul Steele, executive partner at Triple 8 Management. “Physical prices for our roster of nearly 30 artists have mostly stayed the same for a decade, with small inflationary increases here or there,” he says.
But aside from run-of-the-mill inflation, there are other factors that could push the average sale price higher. Physical music is increasingly a luxury good — a high-priced collectible item with packaging to match. Artists frequently release multiple variants of LPs with colored vinyl. And albums released today commonly have the expensive gatefold packaging that was common in the ‘70s.
The way music is released in the streaming era also drives up prices. Artists take advantage of the unlimited shelf space on streaming platforms by stuffing albums with more songs at no extra cost. As Billboard noted last year, the top 10 albums’ average number of songs rose from 13.2 in 2014 to 19.1 in 2022. A double album on a vinyl record is more expensive, and as one executive notes, putting more songs on an album will often — but not always — require paying more mechanical royalties to songwriters and publishers.
Indeed, some of the most popular vinyl records of the moment are double- or triple-LPs. Post Malone’s 18-track, two-LP album F-1 Trillion sells for $45.89 at Amazon and more at other retailers. Zach Bryan’s 34-track American Heartbreak has three LPs and a $44.98 list price. And that’s not to mention the more extravagant reissues, such as a 2-LP/2-CD/1-Blu-ray package for Van Halen’s For Unlawful Carnal Knowledge that carries a $99.98 list price.
Despite the increase in vinyl prices over the last several years, sales have yet to abate. Will that continue? The answer to that question will likely lie with younger consumers who have less disposable income. Michael Kurtz, co-founder of Record Store Day, says vinyl being a premium, collectible product is toughest on younger consumers. While Record Store Day succeeded in helping turn a new generation on to vinyl records, younger people don’t have as much money and are cutting back on their purchases. “A young customer 18 months ago would come to the counter with two or three records,” says Kurtz. “Now they come to the counter with one or maybe two.”
Catalog titles are often the more affordable option and help offset frontline price creep. Michael Jackson’s Thriller can be had for under $25. Fleetwood Mac’s perennial top-seller Rumours is offered in both affordable and more deluxe versions. Rhino Records’ Now Playing series of compilations for artists ranging from The Stooges to Gram Parsons to John Prine are priced at $19.99.
The good news — for all consumers — is that price growth is reverting to historical norms. The average monthly U.S. inflation rate reached 4.7% in 2021, 8.0% in 2022 and 4.1% in 2023. This year, the average monthly increase in the consumer price index (CPI) is just 3.2% through July. If vinyl prices seem like they’re continuing to creep upward, the packaging and the increasing prevalence of the double album are likely to blame.
Presidential politics has been its own form of pop stardom for decades — certainly since Bill Clinton worked the saxophone on The Arsenio Hall Show, and probably since actor Ronald Reagan won the White House. At some point during that time, the party conventions became less like political meetings and more like pop concerts — staged presentations, usually in arenas that also host concerts, where icons perform their greatest hits. This year former president Barack Obama even came out during the Democratic National Convention to present a sly remix of his own tag line as a tribute to vice president Kamala Harris: “Yes she can.”
Like most remixes, this requires some knowledge of the original, so it’s not aimed at everyone — a 25-year-old voter would have been nine when Obama’s “Yes we can” campaign slogan first got big. The point is to rally superfans, excite influencers and inspire enough enthusiasm to pull in some undecided voters. It’s politics as cinematic universe — now with blinking LED wristbands and the “politics of joy.”
Increasingly, the modern way of expressing a worldview is to join a fan army, of a musician, a content creator, or even a politician. Now that pop culture has swallowed everything, fan relationships help people define what tribe they belong to, the way class or place of origin did before the Internet made those things so much less relevant. Supporting former president Donald Trump isn’t so much about favoring his policies, whatever they are, as about liking his frankness (or his insanity) or sharing his sense of grievance. (Isn’t everything rigged?)
The idea of a fan “army,” as opposed to a “club,” implies some kind of tension — or at least a tendency for devotees to define themselves against other tribes. Part of supporting Trump is condemning the media and “the deep state,” just like part of loving BTS is bemoaning that journalists just don’t get how great they are. Sides have always been chosen — think about the Beatles and the Rolling Stones — but now who fans don’t like is as important as who they do.
Not so long ago, politics involved… well, it involved more actual politics. Democrats wanted a bigger role for government, while Republicans like Grover Norquist wanted to drown it in the bathtub. Obama and Trump made it more about personality and worldview — “Yes we can” or “Make America great again.” (To Obama, the arc of history was bending toward justice; to Trump, everything was just going downhill.) Obama had plenty of policy ideas, but he campaigned on hope and change, which are hard to be against — who could run on despair and stasis? Besides, it’s harder than ever to pass ambitious legislation these days.
The conventions, which started as actual meetings and then became appointment viewing for people interested in politics, are now aimed more at fans of a certain party. And they deliver. Most people I know, most of whom are Democrats, think Harris did great, and I agree. But how could she not? She had an enthusiastic audience, good warm-up acts, even nice lighting. Most important, she has the momentum of momentum. The real question is how she’ll do with journalists and how she’d fare in a debate against Trump.
The closest thing to an open question was the potential for disruptive protests over the war in Israel and Gaza, which seemed like they could echo the ones that took place during the 1968 Democratic National Convention, also in Chicago. (With Hamas and Hezbollah firing rockets at Israel daily, it seems weird to refer to this as a war in Gaza.) Back then, anti-war protesters in Grant Park chanted “the whole world is watching” — a line from a Bob Dylan song — as police beat and arrested them. Recently, some did the same, but these days the whole world can now see everything on social media, though they can sometimes struggle to tell if it’s real or generated by AI.
After every big pop culture moment comes the fan army drama. In this case, that means Harris supporters have to convince far-leftists that they’re better off voting for her than staying home. Robert Kennedy plans to endorse Trump, because maybe he can get a look at the Roswell files. And Trump will complain that he’d be much more popular if only the charts were tabulated differently.
In November, we’ll figure out who’s No. 1. Until then, we have to wait and see if Taylor Swift will endorse a candidate — and whether either one will be half as effective as she is at using her dedicated fans to generate mainstream attention.
Universal Music Publishing Group earned the top spot on the Hot 100 Songs publishers ranking for 2024’s second quarter with 27.97% of the market, in large part thanks to Taylor Swift and the 19 songs she landed on the chart. It didn’t hurt that her writing partner Jack Antonoff is also on UMPG’s roster. (He moved there from Sony Music Publishing in August 2023.) Swift’s work accounted for a little over one-third of the 56 songs the publisher had on the Hot 100 during the quarter, up significantly from its 43-song count in the first quarter of the year.
Sony Music Publishing, which typically places first on the Hot 100 publishers ranking, finished a close second with a 27.13% market share and 57 tracks on the chart, including the No. 1 song for the second quarter, Tommy Richman‘s “Million Dollar Baby.” Warner Chappell Music finished third with a 19.87% market share. Its top second-quarter tune was “A Bar Song (Tipsy)” by Shaboozey, one of 47 that it landed on the chart.
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Sony nevertheless remained at the peak of the Top Radio Airplay ranking for the 13th consecutive quarter, with a 27.64% market share and 66 songs. Its No. 1 track was “Lose Control” by Teddy Swims, a song in which Warner Chappell and UMPG also have stakes. Sony was also buoyed by the quarter’s biggest Radio Airplay hitmaker — Ashley Gorley, co-writer of “I Had Some Help” by Post Malone featuring Morgan Wallen — plus seven other songs on the chart.
Warner Chappell maintained its second-place ranking among Top Radio Airplay publishers for the third consecutive quarter with a 23.25% market share and 63 songs on the chart. UMPG came in third with 15.82% of the market and 43 songs.
Kobalt held its position as the fourth-largest publisher on the Hot 100 and Top Radio Airplay charts with market shares of 10.74% and 9.44%, respectively, in part due to stakes in the No. 1 songs on both charts.
Despite a tumultuous first half of the year, Hipgnosis turned in a strong performance, finishing fifth on both rankings, with a 4.36% share on Top Radio Airplay and 2.73% on the Hot 100, also thanks to its piece of “Lose Control.” Last quarter, Hipgnosis — whose founder and CEO, Merck Mercuriadis, stepped down in July after private equity firm Blackstone acquired its catalog — was No. 7 on Top Radio Airplay and No. 9 on the Hot 100.
BMG ranked No. 6 on both Top Radio Airplay (3.36%) and the Hot 100 (1.47%), down from the No. 5 ranking it had on both charts in the first quarter.
Three independent publishers fill the entries at Nos. 7, 8 and 9 on the Hot 100 chart. Reservoir Music ranked seventh (1.34%) thanks to its share of “Espresso” by Sabrina Carpenter, Position Music (1.194%) was eighth due to its stake in “Beautiful Things” by Benson Boone, and Sentric Music Publishing was ninth (1.192%) with help from “End of Beginning” by Djo. The latter two publishers make their first appearances on the rankings.
Last Quarter: Jack Harlow Helped Sony Sweep (Again)
Welcome to another edition of Executive Turntable, Billboard’s comprehensive(ish) compendium of promotions, hirings, exits and firings — and all things in between — across music. While you’re here, we also have a weekly interview series spotlighting a single executive and a regularly updated gallery honoring many of the industry figures we’ve lost throughout the year.
Warner Music welcomed seasoned artist manager and marketer Oscar Scivier as its Hong Kong-based senior director of A&R for Asia. The label said Scivier will work closely with regional management on developing A&R strategies, plus support WMG’s over-arching vision to introduce local artists to global audiences. Scivier was most recently head of music at Digital Arts and Sciences, which followed a five-year run at First Access Entertainment, where he A&R’d Rita Ora, Madison Beer, DJ Regard and others. He also made earlier stops at Ultra Music, working with Steve Aoki, Kygo, OMI and Benny Benassi, and Three Six Zero, where he day-to-day’d Deadmau5 and Michael Woods. “Adding Oscar to our worldwide A&R team strengthens our ability to swiftly seize artist development opportunities and reaffirms WMG’s commitment to providing the best platform for the most impactful and popular talent,” said Kabiru Bello, vp of global A&R at Warner Recorded Music. “His wide-ranging experience as a producer, label manager and artist manager will make him a superb addition to our company’s leading team of A&R executives.”
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Stern Management secured the services of industry veteran Marisa Jeffries in the newly created role of general manager. She’ll work closely with the company’s roster, which includes The Black Angels, Phosphorescent, Metric, Finn Wolfhard and others. Jeffries was most recently U.S. lead of label partnerships at TikTok, where she nailed down opportunities for the likes of Taylor Swift, Rosalia, Steve Lacy and Omar Apollo — quality work that earned her a spot on Billboard‘s Women in Music list in 2023. Earlier in her career, Jeffries drove marketing strategy for Sony Music’s catalog division and prior to TikTok she spent five-plus years working label relations at SoundCloud. “I have been constantly inspired by Marisa and her community of colleagues and friends who break artists in new and inventive ways,” said Stern Management founder Nick Stern. “Her superpower has always been drawing out the best in people and building long-lasting partnerships founded on trust, excitement and a love for doing cool things.”
Universal Music Sweden tapped Mattias Caliste to lead the newly launched Def Jam Recordings Sweden. The label’s opening roster includes Asme x Sarettii, Sebastian Stakset and Zikai. His team will include Hamid Jamshidi, Hermon Alemseghed and Mathilda Sachs, plus UMG’s regional and global network. Caliste is a former member of Swedish hip-hop group Fjärde Världen (Fourth World) and was most recently in charge of Virgin Music Sweden, where he worked with artists including 23 and Asme. “Def Jam raised me!” Caliste said. “I grew up on artists like Public Enemy, EPMD, LL Cool J, Redman & Method Man, Warren G and many others who all released some of their most outstanding albums under Def Jam. The label has a legacy that is incredibly important for hip hop as both a genre and a subculture.”
Stern Management secured the services of industry veteran Marisa Jeffries in the newly created role of general manager. She’ll work closely with the company’s roster, which includes The Black Angels, Phosphorescent, Metric, Finn Wolfhard and others. Jeffries was most recently U.S. lead of label partnerships at TikTok, where she nailed down opportunities for the likes of Taylor Swift, Rosalia, Steve Lacy and Omar Apollo — quality work that earned her a spot on Billboard‘s Women in Music list in 2023. Earlier in her career, Jeffries drove marketing strategy for Sony Music’s catalog division and prior to TikTok she spent five-plus years working label relations at SoundCloud. “I have been constantly inspired by Marisa and her community of colleagues and friends who break artists in new and inventive ways,” said Stern Management founder Nick Stern. “Her superpower has always been drawing out the best in people and building long-lasting partnerships founded on trust, excitement and a love for doing cool things.”
Jake Owen and Keith Gale launched Good Company Entertainment Records, a label and artist services appendage of their management company of the same name (sans the ‘Records’ part). GCE Records aims to provide marketing services, digital and creative tools, global distribution and management services for new and established artists, including first signing Styles. “GCE Records is an alternative model to introduce artists and new music,” explained Gale. “Providing key services similar to that of the traditional record label, but dissimilar to the label structure in various facets, our artist partners and their teams have the creative freedoms to remain true to their unique brand of music that sets them apart.”
Chris Walters is now chief financial officer of Gateway Studios & Production Services, a St. Louis-based live events company that provides lighting, audio and high-tech video services for artists and festivals including Phish, Greta Van Fleet, Governors Ball, Professional Bull Riders and more. The “Studios” part of the company’s name refers to the massive, 330,000 square-foot tour and live event rehearsal campus it is currently building in STL’s Chesterfield Valley area. When online, the facility will house five separate studio spaces where events and tours destined for small theaters, stadiums and everything in between can be produced and rehearsed from soup to nuts before hitting the road. Walters has been at Gateway since 2021, following a six-year run at Emerson Automation Solutions.
Top Drawer Merch elevated Robbie McPhail to vp of sales. As part of his new role, McPhail will take lead on sales strategies for both e-commerce and in-person festival/tour merchandising, plus oversee logistics, inventory and shipping matters. McPhail joined Los Angeles-based TDM in 2016, working on-site operations at festivals such as Cali Vibes, Portola, Invisible Friends and dozens more. “His experience behind the booth gives him a unique perspective on which sales strategies are successful and which initiatives need to be implemented in the future,” the company said.
Brett Kaminsky was made partner at Felcher & Freifeld LLP, where the Cardozo School of Law grad has posted up for nearly 11 years. Most recently a senior associate, Kaminsky handles a broad swath of legal matters for F&F’s recording artists, songwriters, producers, managers and entertainment executives, including contract negotiations, licensing and branding matters and performance agreements.
Charlotte-based live events management and production company Midwood Entertainment has Joel Grubb as talent buyer and event producer. Grubb previously served as a promoter at Rival Entertainment in Atlanta, managing outdoor and special events at venues including Sweetland Amphitheatre and Chandler Park Music Festival, and contributing to booking shows at Rival’s venues including Eddie’s Attic and The Earl. In his new role, Grubb will oversee booking for a variety of venues, festivals, concert series, and special events across the southeast and beyond. Grubb also played a key role in developing/curating the indie rock festival Highball. –Jessica Nicholson
Agua Caliente Casinos hired Nick Sitar as the chain’s new director of entertainment. Based in Rancho Mirage, Calif. and reporting to Saverio Scheri, COO, Sitar is tasked with booking artists at all three of ACC’s properties in California. Prior to joining the company, he served as regional director of entertainment programming at Caesars Entertainment, where he handled bookings at all of the company’s non-Vegas properties.
ICYMI:
Christoph Behm
Christoph Behm was named the new CEO of Sony Music Germany, Switzerland and Austria (GSA), replacing Patrick Mushatsi-Kareba, who is exiting the company at the end of August … Jonathan Roberts will spearhead UTA‘s new Christian music division … and former Billboard editorial director Bill Werde will lead Syracuse University‘s new master’s degree in music business as part of the school’s prestigious Bandier Program for Recording and Entertainment Industries.
Last Week’s Turntable: Warner Chappell Promotes Zach Bryan’s A&R Guy