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Dozens of top artists and songwriters have objected to Donald Trump‘s use of their songs at political rallies since he first ran for president in 2015 — among them The Rolling Stones, Adele, Rihanna, Sinead O’Connor‘s estate and Aerosmith‘s Steven Tyler.
“Consider this s— shut down right now,” Johnny Marr said in January when Trump played The Smiths‘ “Please, Please, Please Let Me Get What I Want” at several rallies. After Trump used Sam and Dave’s “Hold On, I’m Comin’” at a 2022 NRA rally, its co-writer, David Porter, was even more succinct, tweeting: “Hell to the NO!”
But artists’ record for successful song takedowns has been spotty. After Tyler’s reps sent multiple cease-and-desist orders objecting to the use of Aerosmith’s “Dream On,” they received the following response from law firm Jones Day: “Without admitting liability, and to avoid any future dispute … the Trump Campaign will not use your client’s music,” the letter read in part.
Yet as recently as July 31, in Harrisburg, Pa., Trump has been using “Hold On, I’m Comin’” to close his rallies — prompting the estate of co-writer Isaac Hayes to announce it would take legal action. According to James L. Walker Jr., an attorney for Hayes Enterprises, the estate is “investigating” the Trump campaign’s use of the song and is considering a lawsuit. “Everything’s on the table,” he says. “It is most unfortunate that these artists have publicly posted on their social media and asked Team Trump and other candidates not to use their music — and yet their candidates keep using their music.”
(The Trump campaign did not respond to interview requests.)
For artists and songwriters, the objection process is simple and the rules straightforward. Performing rights organizations BMI and ASCAP require political campaigns to obtain licenses to use songs in their catalogs (which is to say, almost any recognizable song). “That license gives the campaign the right to use any one of our musical works in our entire catalog wherever their campaign or function works,” says a BMI rep. (According to rules from both ASCAP and BMI, a venue’s public performance license is not enough to cover a campaign’s use of the song — it needs to obtain a separate political license.)
A “caveat” in the license allows songwriters to object to usage in a political campaign, the BMI rep adds: “When we receive an objection, we can pull a song from the campaign’s license.”
Does that stop a political campaign from playing the song at a rally? Not necessarily. “They don’t care as much about artists’ rights as perhaps you’d want,” says Larry Iser, who was an attorney for Jackson Browne when the singer-songwriter sued Republican candidate John McCain for using “Running On Empty” in a 2008 commercial. (They settled, and McCain apologized.)
“It’s not just the Trump campaign,” Iser adds. “Most political campaigns aren’t keen about just taking the song down.”
So what do artists and songwriters typically do in this scenario? For starters, their lawyers send cease-and-desist letters to the campaign. They also complain to reporters, creating negative media coverage. In 2020, The Rolling Stones threatened the Trump campaign with a lawsuit for playing “You Can’t Always Get What You Want” at rallies, while Neil Young sued over the campaign’s use of “Devil’s Sidewalk” and “Rockin’ in the Free World” at events. (After the 2020 election, Young voluntarily dropped his suit “with prejudice,” meaning he cannot refile the same claim again. Trump appears to have stopped using the Stones song at his rallies, and the band was never reported to have followed through on its legal threat; representatives for the Stones did not respond to questions.)
While “no artist wants to spend money on litigation if it can be avoided,” says Iser, they also want “to be sure fans understand the artist is not supporting that particular candidate.”
The issue gets more complicated when campaigns stream their rallies online via YouTube or another website. In those cases, the song use would almost certainly require an additional synch license, plus permission to use a recording, and probably a mechanical license, too. “Your ASCAP license does not cover you making a copy and redistributing it over the internet,” says Eleanor M. Lackman, a partner and copyright attorney at law firm Mitchell Silberberg and Knupp. As for social media sites, which generally have licenses with major labels and publishers for users to broadcast songs in their feeds, a TikTok spokesperson said the company would respond to a rightsholder’s request for a takedown depending on the type of use and the song’s contractual situation: “If a licensed rightsholder submits a takedown request, it will be subject to review and — if appropriate — we may take action to mute the track.” (A rep for Meta declined to comment.)
Trump has been uniquely unfazed by artists’ legal threats and criticism, but these conflicts had been coming up for years prior to his first presidential run. In 1988, George H.W. Bush‘s campaign used Bobby McFerrin‘s “Don’t Worry, Be Happy” as a presidential campaign theme, but McFerrin, a supporter of Bush’s opponent Michael Dukakis, complained — and the campaign eventually stopped using the song. In 2008, Sam Moore of Sam and Dave asked Democratic candidate Barack Obama to stop using “Hold On, I’m Comin’” at rallies because Moore didn’t want it to appear like he was endorsing a candidate for president — and Obama’s campaign complied.
In other words, these types of conflicts are hardly new. “Every four years,” Lackman says, “this is the big topic.”
When Chappell Roan released her debut album, The Rise and Fall of a Midwest Princess, last September, it didn’t immediately crack the Billboard 200. In fact, it took more than six months for the album to debut at No. 127 on the chart dated April 6 — following a boost in exposure after Roan opened on tour for Olivia Rodrigo.
Now, nearly one year later, both Roan’s album and her stardom continue to hit new highs. On the Billboard 200, Midwest Princess has entered the tally’s top five, hitting a new peak of No. 4 after 19 weeks on the chart. Over on the Billboard Hot 100, the pop star currently has six songs scattered across the chart, with her latest single, Good Luck, Babe!” climbing the highest. The hit, which this week entered the top 10 at No. 8, has become Roan’s highest-charting entry to date.
Roan’s chart dominance has been a long time coming, and a moment her longtime manager Nick Bobetsky (State of the Art) has been patiently waiting for. Bobetsky met Roan in 2018, after her previous record label, Atlantic (from which she was dropped), shared some of her unreleased music. “Her immense talent was clear immediately,” he recalls. “She’s always been a true artist.”
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Since then, Bobetsky and the team have “focused solely on building the Chappell Roan universe and trusting that the greatness of her and her music would thrive” — just as they are now. And on the heels of a record-breaking Lollapalooza Chicago set, which saw the festival score its biggest-ever daytime crowd, Bobetsky has earned the title of Billboard’s Executive of the Week.
Here, Bobetsky talks about the success of “Babe!”, Roan’s festival takeover this summer and more. As he says, “I take great pride in helping shape [an artist’s] runway to success, however long it needs to be.”
“Good Luck, Babe” has become the highest-charting song of Chappell’s career, entering the Hot 100’s top 10. What key decisions did you make to help make that happen?
When Chappell finishes a song she’s excited about, we’ve learned to follow her instincts and hit go; in this case, putting a strategy together with Island to get the song out quickly. Chappell has always been about building, which in turn brings momentum. People became fans on their own schedule over the course of months, having their own moments of discovery. “Good Luck, Babe!” was the first time since her sold-out tours, her album release, the snowball effect she was experiencing, where the broader fanbase could share a fresh moment together. That shared and focused excitement, paired with the incredible song, gave us a strong launch. We’ve been able to not only grow the song since then but the entire album because we’ve continued to stay focused on the same core things — building, and consistent momentum.
Chappell has a total of six songs on the Hot 100 right now. How are you supporting so many songs at once and determining which one to push next?
Chappell’s songs speak for themselves, her performances are second to none, and her universe has never been about one song, one moment, or one driver — and the fact that we have so many songs in the Hot 100 is a testament to that. We aren’t cramming anything down anyone’s throat, and fans are listening to multiple songs at once. In terms of pushing the next song, we are in the incredible position to have a lot to choose from. That said, I don’t actually think it’s about choosing to push one in particular, it’s about paying attention to which one is thriving the most. We have live audience reactions, fans online, streaming numbers to lead us. What excites me the most is the nonlinear nature of it all — that her next song to push is likely to have been out for nearly a year.
Dan Nigro signed Chappell to his Amusement label before she signed with Island. How did you help guide her transition to the major label?
Dan started making music with Chappell during her previous record deal, and he remained committed when she and the label parted ways. We released a series of singles independently and built a very loyal and loud fanbase. We focused solely on building the Chappell Roan universe and trusting that the greatness of her and her music would thrive. It started to get loud, labels started circling, and Dan’s Amusement label was a continuation of their creative collaboration, now in partnership with Island Records where she landed in the end.
Her debut album, The Rise and Fall of a Midwest Princess, was released in Sept. 2023 and just this week — almost a year later — hit a No. 4 peak on the Billboard 200. What are you and the team doing to help sustain its renewed momentum — or planning to do still?
Everything in the world of Chappell Roan is about building, staying true to her vision, and embracing the 100% rule — that if the answer is not a true 100% yes, it’s a no. Chappell’s growth is a very special pairing of consistent commitment to momentum, paired with ensuring that every moment is executed to the fullest degree. We’re in an era of tons of noise, the fear of fleeting moments, pressure to say yes at every turn, and our approach is different. She says yes when it’s right for her universe, and people want to keep joining in. The momentum is sustaining itself because it’s real and reflective of incredible music and artistry having real cultural impact.
Chappell’s Lollapalooza Chicago set saw the largest day crowd in the festival’s history across its global franchise. What were you anticipating and how did you help her mentally prepare?
Every festival this summer Chappell has played has been bigger than the previous. We knew this was going to be big, no one knew we’d break records. We work really hard to surround her with visionary creatives, a rock solid touring team and ensuring every element is top-notch. I’m not sure how you can mentally prepare for a moment that big, but she’s born for moments like this.
What kind of boost has she gained from that news-making set?
We’ve seen new daily peaks in consumption and online conversations, but I feel the biggest boost because it feels like mainstream media, fans and the industry alike all saw it coming and were ready to celebrate. It really feels like a, “See, I told you so,” moment — not from us saying it, but from the masses screaming it.
What’s the key to managing a pop star today?
Respect, partnership and belief in the artist. Sure, the strategy, relationships, business decisions and all of that are important, but that’s actually the easier part. When you have a generational pop star, the real key is the shared vision and commitment to their greatness long-term. I take great pride in helping shape their runway to success, however long it needs to be.
One of pop music’s biggest breakouts stole the show at Montreal’s Osheaga Music & Arts Festival last Saturday (Aug. 3). It’s rare to see the festival grounds packed at 3:30 p.m. in the afternoon – especially on a day with a heat warning – but for the celebratory queer pop of Chappell Roan, fans were willing to take the heat.
She was booked for the festival last fall, but since then, the Midwest Princess has exploded in popularity, opening for Olivia Rodrigo and charting six songs on the Billboard Hot 100. Her afternoon slot felt mismatched to her current stature, but Chappell made the most of it, turning in a performance that hit harder than Green Day’s headline set later that night.
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The set followed a similarly frenzied performance at Lollapalooza two days earlier that reportedly broke attendance records. At one point, Chappell made an honest mistake that also reminded the crowd where she should have been on the lineup. “Tonight, we’re going to,” she began – before remembering it was the afternoon.
“She’s the only reason that we’re here today,” said one Montreal fan named Maria. She discovered Roan a year-and-a-half ago on TikTok, and said she got emotional during “Pink Pony Club.” “It’s so nice to have everybody here,” Maria added, “we’re here for the same reason: to support an amazing queer artist and to live in each other’s queer joy.”
More than 147,000 music fans packing into Parc Jean-Drapeau for Osheaga’s three days – the festival’s second-highest attendance in its 17 years. Fans packed in to see sets by acts like SZA, Green Day and Noah Kahan, creating a big-ticket atmosphere. It was also hampered by the later revelation of a tragedy, with one festival-goer found drowned in the Olympic Basin at Parc Jean-Drapeau after leaving the Osheaga grounds. An investigation into the death is underway.
Other highlights included breakout Canadian musician TALK (who’s especially big in Quebec), a rain-delayed set by British singer RAYE, a charismatic performance by Tyla and a Hozier set for a rapt audience in which he called for a ceasefire and “a Palestine free from occupation.” -Rosie Long Decter
Shaboozey Hits 10 Weeks At No. 1 on Billboard Canadian Hot 100
Someone pour him up a double shot of whiskey: Shaboozey just hit a chart milestone in Canada.
The Virginia singer has notched his tenth week atop the Billboard Canadian Hot 100 with “A Bar Song (Tipsy).” The song is also still on top in the U.S., though only for its fourth week.
Shaboozey
Daniel Prakopcyk
In Canada, it’s the clear song of the summer. Briefly knocked from its top spot by Morgan Wallen and Post Malone’s “I Had Some Help” and then Eminem’s “Houdini,” “A Bar Song (Tipsy)” has held the spot consecutively since the week of June 22.
It’s maybe an unusual candidate for song of the summer, less peppy and optimistic than “I Had Some Help” or Sabrina Carpenter’s “Espresso.” But “A Bar Song” has a folk-country sound that’s always done well in Canada and a thematic depth that helps it resonate.
The song interpolates J-Kwon’s 2004 hip hop track “Tipsy,” replacing its synth line with an acoustic guitar strum. Shaboozey transforms a hype track for the club into a melancholy country anthem about working too hard and not making ends meet. It’s no surprise that “A Bar Song” is connecting widely amidst a cost-of-living crisis.
(It also helps that one of Shaboozey’s primary challengers for song of the summer in the U.S., Kendrick Lamar’s “Not Like Us,” isn’t as popular in Canada, for obvious reasons).
The 10-week achievement adds to Shaboozey’s list of accomplishments in a year when he has featured on Beyonce’s Cowboy Carter and is set to headline a North American tour for the first time. He’ll play Toronto on Sept. 13 and Quebec City on Sept. 14. –RLD
MRG Group and Paquin Entertainment Group Hire New Executives
Canadian venue management, concert promotion and hospitality company, MRG Group has announced the hire of Robyn Kaszor as director and senior talent buyer.
Based in Montreal, she joins the company from Just For Laughs where she spent the last 18 years, most recently holding the post of vp of festivals with oversight of the company’s festivals in Toronto, Montreal and Vancouver.
The company produces 1100+ shows per year in North America, selling approximately 500K tickets. The company also owns and operates six venues, including The Vogue and Queen Elizabeth theatres in Vancouver and Adelaide Hall in Toronto.
Paquin Entertainment Group, meanwhile, has announced the appointment of media and television executive Andrew Akman as its chief operating officer.
Based in Toronto, Akman is expected to leverage the company’s status as a global, multi-platform entertainment business to produce large-scale events, exhibitions, and theatre, film, and television productions. Paquin is currently in development on several talent-driven projects for broadcasters, streaming platforms, and live audiences, according to the Aug. 6 announcement. Akman has held senior roles at Cineflix Media, Shaw Media, Canwest Media, Alliance Atlantis Communications, and co-founded the television production company Husk Media.
Paquin Entertainment Group, led by Gilles Paquin, has 45 years of experience managing and representing talent and producing film, television, theatre and immersive exhibitions. Akman’s appointment follows Paquin’s acquisition of the Canadian arm of APA as it continues to build on its momentum, now representing more than 350 artists.
Paquin, chairman & CEO, of Paquin Entertainment Group, said: “Andrew’s expertise in media and entertainment and his entrepreneurial spirit make him an ideal fit for Paquin as we continue to expand the range and scale of our global businesses in artist representation, immersive exhibits, live events, brand partnerships, and theatre, film and television.”
[Billboard Canada has a strategic partnership with Paquin.] -David Farrell
A new lawsuit claims that Pitbull’s 2021 dance hit “I Feel Good” was copied from an earlier track that was created more than 15 years earlier.
In a case filed Thursday in Manhattan federal court, a company called All Surface Publishing alleged that Pitbull’s song – which spent 27 weeks on Billboard’s Hot Dance/Electronic Songs chart — infringed the copyright to a 2006 song called “Samir’s Theme” by featuring “significant similarities.”
“The infringement is an exact copy of a discernible portion of plaintiff’s musical work that was copied,” the lawsuit claims.
The accusers claim the two songs feature similarities in melody, harmony, melodic structure, tempo, musical arrangement and percussion – including a “three-note introductory phrase” in which notes descend down the musical scale.
“When heard in real time, the descending lines of both songs appear to be almost identical,” the accusers claim.
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The case doesn’t name Pitbull personally as a defendant but instead targets his record label Mr. 305 Inc., as well as DJ White Shadow (Paul Edward Blair), who produced the track and was also featured on it as an artist.
A key part of most copyright lawsuits is proving that the accused infringer had enough “access” to the original that they had a chance to copy it. In the case of “I Feel Good,” the lawsuit claims All Surface owner Aaron LaCanfora sent “Samir’s Theme” directly to DJ White Shadow in 2011.
“I love this song,” the DJ allegedly responded, according to the lawsuit.
Reps for both Mr. 305 and DJ White Shadow did not return requests for comment.
The lawsuit also names Universal Music Group as a defendant, claiming that Mr. 305 Inc. is a “fully owned subsidiary of UMG,” though it’s not clear if that’s true. Mr. 305 signed a distribution deal with Ingrooves in 2019, shortly after that company was acquired by UMG, but Pitbull’s company describes itself as an “independent record label” owned by the star himself.
A rep for UMG did not immediately return a request for comment.
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.
Adam Muhlbaum is the newly minted general manager of Big Noise Music Group, the pop/punk label home of The Used, The Veronicas, girlfriends, Goldfinger and more, Billboard can announce. In Muhlbaum’s Los Angeles-based role, an upgrade from his gig as senior vp of marketing and project management, he’ll zero in on A&R, licensing and brand partnerships while also overseeing royalties and administration for the label’s roster, which also includes iann dior, Escape the Fate and MOD SUN. Prior to joining BNMG in mid-2018, Muhlbaum spent more than five years at BMG, where he led production runs for major releases from Blink-182, Janet Jackson, Iron Maiden and more. He also had a stint as head of digital sales and operations at Steve Aoki’s Dim Mak. As part of the transition, Muhlbaum will pass day-to-day operations to Heather Castillo, the label’s vp of marketing, and Josh Cohen, manager of label operations.
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Big Noise Music Group was launched in 2018 by former Vagrant Records head Jon Cohen and Goldfinger members John Feldmann and Nick Gross. “Adam has been with us since day one and has consistently proven his value and expertise while still making Big Noise a positive, productive home for our artists and writers,” said Gross, who is also CEO. “The sky’s the limit for our whole amazing team.”
Muhlbaum added: “Helping to build Big Noise for the past six years alongside Nick, Jon, Feldy, and our incredible label team has been a true highlight of my career and more fun than I ever could have imagined. Our next chapter will be focused on bringing broader creative opportunity to our entire roster — current and future.”
Universal Music Publishing Group picked veteran branding executive Alix Kram as the company’s first head of marketing. In the newly created global role, which she’s held since November, Kram oversees marketing efforts at the publisher with a focus on creative storytelling in order to, as UMPG COO Marc Cimino states, “enhance the incredible stories our songs tell and bring them to life.” Additionally, Kram works closely with Bravado, Universal’s merch specialists, to create strategic opportunities for the UMPG catalog. Prior to joining the Universal fam, Kram spent a year-and-a-half leading a retail business development and marketing team at Netflix. Before that, the NYC-based exec spent seven-plus years at Warner Music Group, where as head of global brand licensing and retail she and her team developed creative opportunities for roster artists including Grateful Dead and Wiz Khalifa. She is also the founder of theKRAMcollective, a boutique marketing and branding agency specializing in experiential storytelling, whose clients have included Hasbro, HBO, Atari and others. She reports to Cimino and chairman/CEO Jody Gerson, and also Bravado president Matt Young. “Upon first meeting [Gerson and Cimino], it was clear that they have created a truly global and unique culture – a force in the industry which leads with a passion for songwriters and champions the expertise of the people that make up the company,” said Kram.
ASM Global did some local hiring and promoting in Arizona, naming Ralph Marchetta to regional vp of live entertainment and elevating Melissa Wasson to general manager of State Farm Stadium. Marchetta, previously GM and svp of Footprint Center in Phoenix, has the mighty task of booking both the Desert Diamond Arena and State Farm across Maryland Ave. in Glendale. “He is well-respected by all, and now we have him playing for our team,” said Jason Rio, ASM Global svp of live entertainment and content development. Wasson joined the stadium staff in 2006 back when it was University of Phoenix Stadium and for the last 13 years has served as assistant GM. She has a lifelong connection with the stadium’s biggest tenant — the Arizona Cardinals — given she’s a native of St. Louis, the team’s former home. “Her decades of in-depth experience will prove invaluable as she continues creating unparalleled memorable experiences that thrill locals and visitors,” said Doug Thornton, executive vp.
Across the pond, ASM Global shifted industry veteran Ed Sanderson from a Singapore-based role, where he’s been working on the massive Kai Tak Sports Park project, to executive vp of business for Europe and the UK. Poor guy has to move to Milan, where he’ll be based as he bounces around Europe in support of ASM’s plans to expand its footprint there. “Living by my personal philosophy of ‘biting off more than you can chew and chew like crazy,’ I’m eager to get started, learn, and make a meaningful impact for our customers, clients, partners, and colleagues,” he said.
Former ASM Global executive Roger LeBlanc joined Romeo Entertainment Group as vp of sales development. With decades of experience, LeBlanc most notably founded and led booking and talent buying agency Madison Entertainment before its sale to ASM in early 2023. “Roger’s vast knowledge and his commitment to mentorship will not only enhance the capabilities of our sales team but also propel our growth and set new standards for excellence in our company and the broader industry,” said R.J. Romeo, president and CEO. LeBlanc can be reached at rleblanc@romeoent.com.
courtesy of FivePointFive
Jelena Grozdanich is the new vp of music at FivePointFive, a music-centric welltech app launching soon that will offer live and on-demand classes of functional breathwork. Grozdanich (GROWS-duh-nitch) is coming off a 10-year run at Sony Music Entertainment and Columbia Records, where she rose to director in the latter’s film and TV licensing division. While at Sony/Columbia, she represented a who’s-who of influential artists including Beyoncé, Adele, Miles Davis, A Tribe Called Quest and Elvis Presley, among others. During this decade, she also founded her own talent management firm (Guardian MGMT) and wellness community (TheSecret.LA). Grozdanich is based in Los Angeles. “We are excited to welcome Jelena as our vice president of music at FivePointFive to head up our music division,” said Adam Ludwin, CEO. “Jelena’s love of music, combined with her passion for wellness has led to her being seen as a key figurehead for wellness within the music industry over the last 10 years, so we are thrilled to have her as part of the team.”
CAA promoted Blair Adour, Jibran Ahmed and Sam Reisman to agent roles in the company’s global touring department. All three come from CAA Elevate, the agency’s agent trainee program, and they’ve all put in the work: Ahmed joined CAA in 2018 in the music crossover division before being upped to professional last year; Reisman started in 2019 as an assistant in the music touring division and most recently worked as a coordinator; and Adour joined as a professional in 2021 following a stint at Paradigm. Adour and Reisman are based in New York while Ahmed is in Los Angeles.
Capitol Christian Music Group (CCMG) promoted three executive staffers. Emily Dashiell has been promoted to senior vp of commercial partnerships, Jeff Gunkel has been upped to svp of market development, and Carlos Monnaco has been elevated to svp of finance. Dashiell will oversee the company’s revenue strategies across its portfolio and continue to focus on partner activations with DSPs while guiding the label business across global distribution, e-commerce/D2C, catalog marketing, and more. Gunkel will oversee areas of market development and digital rights, as well as Re:Think Records. Monnaco’s responsibilities expand to include oversight of financial planning and analysis, royalty accounting, and IT. Among the artists on CCMG’s roster are Chris Tomlin, Amy Grant, TobyMac, Tasha Cobbs Leonard, and Crowder. –Jessica Nicholson
Canada native Jenn Dobbins joined BMG as senior vp of rights and royalties in the music company’s U.S.-based copyright and royalties hub in Nashville. Dobbins previously handled asset operations for JKBX, a music investment platform, and earlier she spent six years at Big Machine Label Group, where she rose to director of royalty accounting and income analytics. Throughout her 18-year career in the field, she also made stops at payroll platform Exactuals and Sony Music. At BMG she reports to Eric Scott, evp of rights administration and royalty services, who pointed out her “extensive expertise, deep knowledge, and proven experience in managing complex rights and royalties.”
RADIO, RADIO: Susie Hedrick was named CEO of WideOrbit, a San Francisco-based tech platform that helps broadcasters buy and sell advertising. She replaces founder Eric Mathewson in the role … Nashville Harbor promoted Ryan Dokke to senior vp of streaming and digital partners/radio promotion from vp of promotion and marketing. The label also bumped Andrew Thoen to director of streaming and digital partners/radio promotion from director of Northeast promotion and marketing.
Jessica Roffe joined SoundExchange as associate director of the industry relations team. Roffe has years of artist relations, brand marketing, TV/film production and royalty distribution experience, and joins the collective rights organization following roles at MTV, BMI, NBCUniversal and her own AsUWISH Productions. She is based in Miami and will report to Doug Cohn, vp of artist & label relations. “Excited to be part of the band!!” she said.
Musicians On Call, which brings live and recorded music to hospitals and other health care facilities, announced five new members: Aniket Adhikari as technology manager, Michael Blazer as operations manager, Gabi Coccio as strategic partnerships coordinator, Taylor Leibold as fundraising coordinator and Jennie O’Rourke as digital marketing coordinator. “The talent and experiences Aniket, Michael, Gabi, Taylor and Jennie bring to their roles will take MOC to a whole new level,” said MOC president & CEO Pete Griffin. “I’m confident that the innovative ideas they’ll bring to the table will have a great impact on our mission.”
ICYMI:
Julie Greenwald
Julie Greenwald, one of the most celebrated and influential executives in the music business, will step down from her role as co-chair and COO of Atlantic Records and chairman and CEO of Atlantic Music Group. 10K Projects founder Elliot Grainge will take over the music group-wide role on Oct. 1, while Greenwald will officially exit the company early next year. The announcement arrived days after Warner Music announced it would be undergoing a major restructuring, with CEO of recorded music Max Lousada stepping down soon and Greenwald transitioning to chairman.
Last Week’s Turntable: Mammoth Launches Touring Division
After three Taylor Swift concerts in Vienna were canceled on Wednesday (Aug. 7) following the arrest of two suspects who reportedly planned to unleash a terrorist attack on the shows this weekend, ticketing companies have provided information on how ticket holders for the concerts will receive refunds. “We are aware of the news regarding the […]
iHeartMedia’s business has been in steady decline since the beginning of 2023 but showed signs of improvement in the second quarter.
Total revenue rose 1% to $929 million, slightly above the company’s guidance, but was up just 0.1% excluding the impact of political advertising. A spike in expenses — namely operating and selling, general and administrative — contributed to a 21% decline in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA).
“We’re seeing sequential improvement in our revenue growth,” CEO Bob Pittman said during the earnings call on Thursday (Aug. 8). “While the marketplace continues to be dynamic — with a changing outlook on interest rates, inflation trends, global uncertainty and rapidly evolving domestic political landscape — we continue to see strong momentum in our podcast business, our digital ex-podcast business and the sequential improvement of our multi-platform groups’ year over year revenue performance.”
iHeartMedia’s digital audio segment contributed to the company’s revenue uptick. Podcast revenue improved 8.1% to $104.5 million, well below the previous quarter’s growth rates, while digital revenue excluding podcasts rose 10.3% to $181 million. Overall, digital audio revenue climbed 9.5% to $285.6 million.
The multi-platform segment fell 3.4% to $575.9 million. Broadcast radio, the company’s largest single source of revenue, declined 0.9% to $425.5 million. Networks fell 12.8% to $106.6 million. Sponsorship and events improved 2.4% to $39.1 million.
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Looking ahead, iHeartMedia expects third-quarter revenue to increase in the mid-single digits, which would be $991 million to $1.01 billion, and adjusted EBITDA to land between $200 million and $220 million, compared to $204 million in the prior-year period. For the full year, revenue is expected to increase in the mid-single digits, which equates to roughly $3.9 billion to $3.98 billion, and adjusted EBITDA will be between $760 million to $800 million, up 9% to 15% from 2023.
“As we look at the back half of the year, our results will reflect the continuing positive impact on an ad market recovery year material upside from political advertising, as well as the benefit of our ongoing focus on cost efficiencies,” said Pittman.
While iHeartMedia eked out a small improvement in the second quarter, two other radio companies that reported earnings in the last week continued their slides. Cumulus Media revenue fell 2.5% to $205 million as its net loss grew to $27.7 million from $1.1 million in the prior-year quarter. Townsquare Media revenue fell 2.5% and adjusted EBTDA dropped 8.3%.
Warner Music Group (WMG) reported strong quarterly profit growth on Wednesday (Aug. 7) thanks to lower costs and solid revenue gains from streaming subscriptions and digital — which helped offset a drop in physical revenue due to release timing and a difficult year-ago comparison, according to the company. All of that led to a boost in the company’s stock, which had risen nearly 2% by the end of trading on Wednesday (though some of those gains were shaved on Thursday).
“Our strong subscription streaming growth in [the third quarter] was driven by the performance of our music and healthy industry trends,” Warner Music Group chief executive Robert Kyncl said in a statement. He added, “Our commitment to long-term artist development, combined with a flatter structure in recorded music, will enable us to super-serve talent and set WMG up for sustained future growth.”
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Here’s what else you should know about the third-largest music company’s latest quarterly earnings call.
A positive note on the company’s strategic reorganization
Kyncl kicked off the call by thanking outgoing leaders Max Lousada and Julie Greenwald and welcoming incoming Atlantic Music Group CEO Elliot Grainge while providing more detail on how WMG’s recently announced global structure will work.
“We’re making changes from a position of strength, and I’m happy to say that we’re firing on all cylinders across new releases, catalog, distribution and publishing,” Kyncl said. Read more about his comments here.
Strong subscription growth across streamers
Overall streaming revenue was up 5% for WMG this quarter, with recorded music streaming revenue up 8.7% — reflecting growth in subscription revenue of 7%. That was welcome news to investors: Warner’s stock spiked around 6% earlier in the trading session on Wednesday before settling at a gain of nearly 2%.
On the call, Kyncl was asked about the sources of WMG’s subscription streaming revenue after other music companies reported less stellar growth on that metric this quarter. That included Universal Music Group (UMG), which saw a 24% drop in its share price after reporting that overall streaming revenue fell 4.2%, leading UMG executive vp of digital strategy Boyd Muir to suggest that streamers like Apple Music and Amazon Music are struggling to add new subscribers.
Kyncl said WMG’s revenue mix has remained largely the same and cautioned the financial community to resist viewing Spotify as a proxy for the music industry. “It’s much more diversified [than Spotify],” Kyncl said.
WMG’s subscription streaming revenue is projected to grow in the fourth quarter, with that growth remaining “consistent across our handful of top DSPs, certainly led by subscriber growth and … price,” said CFO Bryan Castellani.
In a nod to the music industry’s handwringing over Spotify’s bundling practice, Kyncl said in opening remarks that the labels and DSPs are not “adversaries playing a zero-sum game.”
“That’s simply not the case,” Kyncl said. “We’re actively engaged with our partners around ways to drive growth for all of us. Streaming dynamics remain healthy, with plenty of headroom for subscriber growth in both established and emerging markets across multiple partners. Also, price optimization and improvements in the royalty models will provide ongoing opportunities for additional growth.”
Celebrating Brat summer and the Benson boon
From the “pop sensation of the summer” — Kyncl’s description of Charli XCX’s album Brat — to Benson Boone, whom Kyncl called the “breakout star of the year,” the former YouTube exec appeared pleased with Warner’s recent and upcoming slate of music releases.
“So far in 2024, WMG has more new artists debuting on the Spotify Global Top 10 than any other music company,” Kyncl said, highlighting “homegrown successes” like Benson Boone, Teddy Swims and Artemas, the English-Cypriot singer-songwriter signed to 10K Projects.
Streaming’s catalog “halo effect“
When Twenty One Pilots released their latest album, Clancy, the band’s entire body of work benefitted, with streams more than doubling during the first week after the album’s release. That’s “the beauty of streaming,” Kyncl said on the call. “Newly released hits have a halo effect on the rest of an artists’ catalog.”
While loyal fan bases can drive an uptick in an artist’s catalog streams after a new hit’s release, Kyncl added that WMG can amplify and extend that halo effect, transforming hits into “evergreen, deep catalog.”
Once upon a time, most artists performed live to promote new albums. For most acts, the real money was in music sales, so they went “on the road” with schedules and strategies to maximize them.
These days the live business is a juggernaut of its own, with higher ticket prices, adjacent businesses like merch and VIP seats, and schedules, plus strategies of its own. So creators at all levels of popularity are starting to realize that it may no longer make sense to tour the whole country, or world, to promote a new release. In some cases, there isn’t one; in others a tour can boost an entire catalog. The old model of touring focused on building an audience, which meant artists would play cities where they weren’t so popular. Now touring is a revenue stream, so many artists double down to play more shows in cities where they’re already big.
The economics of touring means that acts run up costs every day they are on the road but only bring in revenue when they perform — so it makes sense to play bigger shows, in fewer places, with fewer days off. Metallica’s M72 tour consisted of two-night engagements and a no-repeat pledge to motivate fans to see both. The international legs of Taylor Swift’s Eras Tour involved more shows in fewer places — she covered Asia with four shows in Tokyo and six in Singapore and the Nordic region with three in Stockholm. The natural end of this thinking is a residency, or a few of them, and Adele took the summer off from her Vegas residency to play 10 shows in Munich at a custom-built venue with a capacity of 74,000. Why go to fans when fans can come to you?
Trending on Billboard
As it happens, this solves another problem with the touring business. As increasing competition for concert dollars inspires more elaborate productions, costs are skyrocketing — and many of them involve transportation and setup rather than a performance itself. For Metallica, much of the cost is in “load-in” — moving and building a doughnut-shaped stage with standing room in the middle, plus eight towers of speakers and monitors that weigh 11 tons each. The resulting expenses, which involve 87 trucks and several days of setup, make single shows difficult. Adele’s Munich show used what’s said to be the world’s biggest video screen, plus fireworks, confetti, smoke, fire and a string section. As expensive as that must be to build, imagine the cost of moving it and setting it up again a couple of times a week? How many venues even have room for a 220-meter-wide screen?
Doing more shows in fewer places also makes it practical to deliver events, rather than just concerts. Touring artists have to compete with festivals, which offer fans a lot of acts for their money, plus an experience to remember — and, not incidentally, share on social media. A memorable production, whether that means the world’s biggest screen or 11-ton speaker towers, can do the same. Personally, I don’t think Metallica or Adele needs any of this — I’d be just as happy to see either in a club, in front of a brick wall — but bigger productions seem to create a sense of FOMO.
Fans have certainly demonstrated their willingness to travel. When I saw Metallica last year in Hamburg, most concertgoers came from other German cities to see both shows. Swift’s European tour debut in Paris was filled with fans from the U.S. and Canada who realized that tickets there and a trip to France cost about the same as tickets back home. To some fans, Swift’s show is a vacation — Paris is just something to see on the way there.
In crude economic terms, concert travel essentially reallocates expenses from acts to fans — artists travel less, so concertgoers travel more. Most people don’t want to pay more than a certain amount for a concert ticket, but they seem more willing to spend on related travel. (I just spent about $300 to go to Stockholm to see Bruce Springsteen, an amount that seems too high to spend on a ticket, even though I essentially went to see the show.)
There are other costs and benefits, too. Younger fans can’t always travel alone. And as several European publications pointed out in their coverage of the Adele residency, this isn’t exactly good for the environment. (I think it makes more sense to tax travel rather than to object to a specific type of travel.) Residencies can also be more pleasant for artists — there are no songs about how nice it is to cross the U.S. in a tour bus. The flexibility is nice, too: Munich is a lot nicer in the summer than Las Vegas. Playing a few nights a week makes it easier to have a family life.
As much as I loved the Metallica and Adele shows, I think I still prefer the old model — although it’s easier for me to say that because I’m fortunate enough to live in a major city. I think there’s still long-term value in building a fan base the hard way. And I worry that fans who spend more money traveling to concerts will end up seeing fewer shows as a result. None of that changes the economics of touring, however, and organizing a profitable and artistically effective tour means understanding that.
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