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Ado, ATARASHII GAKKO! and YOASOBI graced the stage at the Peacock Theater in Los Angeles for matsuri ’25: Japanese Music Experience LOS ANGELES on Sunday, March 16, the music event by Japan’s Culture and Entertainment Industry Promotion Association (CEIPA).
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YOASOBI opened the show, and when the duo’s name on a banner flashed on the screen behind the stage, the 7,000 fans in the audience cheered loudly. As the banner was torn down by the hand of a monster, low-pitched sounds and mysterious music played over the speakers. ikura and Ayase appeared on stage to the announcement, “Welcome to the world of Surrealism,” and the crowd shouted and waved their glow sticks to express their excitement. The intro to “Seventeen” began to play after a brief silence, and ikura said in English, “Welcome to matsuri ’25. We are YOASOBI from Japan. Get ready to have a blast tonight. L.A., are you guys ready?” Fans responded with shouts of “Oi! Oi!” and the band kicked off the event with a bang.
ikura took a moment to explain the purpose of the event, saying, “Three acts from Japan — Ado, ATARASHII GAKKO!, and YOASOBI — have come this time, hoping to enjoy great music, J-pop music, with everyone here.” She then asked the audience to light up their phones and sway to create a sense of unity, and the duo performed the poignant mid-tempo ballad “Tabun.”
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Following “The Brave,” the band performed “Monster,” a fast-paced track with thumping low beats that satisfy performed live. “As a J-Pop artist, we’ve been trying to spread our music from Japan to the world,” said ikura in English. “We are so so so happy to be able to share with all of you. Thank you very much. I love you guys. We dive into the second half. Let me see your passion, OK? You ready to go loud? Can you give us some more? Ok, let’s sing together.” The pair then went on to perform some of its biggest hits back-to-back, with the exhilaration of “Into the Night,” the unity of the chorus in “Blue,” and the energy and enthusiasm of the audience in “Idol” filling the venue. The overwhelming delivery of the last three songs proved that YOASOBI has indeed become one of Japan’s top acts whose concerts sell out instantly whenever they perform overseas today.
ATARASHII GAKKO!
Yuri Hasegawa
Following a 15-minute changeover, the four members of ATARASHII GAKKO! appeared from the audience aisle to the sound of ringing school bells, holding big white flags over their heads. When the members — SUZUKA, RIN, MIZYU, and KANON — gathered on stage, SUZUKA greeted the crowd with the sound of a trumpet in the background: “Hello everyone. We are ATARASHII GAKKO! Everybody, are you ready?” The words “Seishun Nihon Daihyo” (Youth Team Japan) appeared on the screen and the women began their set with “Change,” the members swinging their arms around and performing immaculate choreography off the bat. During “Fly High,” RIN called out, “L.A., are you ready? Jump!” and fans were more than happy to comply. For “Arigato,” each member sang while holding a broomstick like a microphone stand, or fake-played it like a guitar, playfully reminding us of our school days. The audience reacted enthusiastically to the intro of the group’s breakout hit “Otona Blue,” and the members captivated the crowd with their signature head-shaking dance and distinctive choreography.
Following a group chant with SUZUKA, who hyped up the audience calling out, “Everybody, ganbatte (hang in there)! Woo!” the women performed “Toryanse.” Fans waved their glow sticks towards the stage during the intro and danced to the lively rhythm accompanied by electronic sounds of Japanese instruments. Each of the four members called out, “Everybody jump!” “Say yeah!” and “Say change!” in time with the lyrics during the set, confidently charging the crowd with their energy.
An image of the Tokyo metropolis appeared on the screen and ATARASHII GAKKO! launched into “Tokyo Calling.” SUZUKA came down from the stage and sang enthusiastically while making her way through the crowd, regally marching back to the lyrics of “We are marching.” The women closed their set with “One Heart,” the word “SAIKO” (“the best”) appearing behind them on the screen, and the audience joined in and sang along. The lyrics “AG want to take you higher” is like the Japanese modern version of Ike & Tina Turner’s “I Want To Take You Higher,” and the song uplifts and inspires like the best kind of music.
Watching ATARASHII GAKKO!’s performance, this writer couldn’t help but agree with what Creativeman Productions’ Rob Kelso said during the press conference before the event: “The best way to integrate these [artists] is to realize we lost the last excuse. Their last excuse was it must be in English…anything in the U.S. must be in English. And that doesn’t exist anymore. Now it is ok not to be in English…let’s take advantage of that. Doors are opening again to other languages.” The members of ATARASHII GAKKO! know how to entertain the crowds at their shows overseas, encouraging call-and-response with fans using short Japanese words like “ganbatte” and “saiko,” and getting them excited in English, saying, “Everybody jump!’ and ”Say yeah!” Plus, the group’s shows never look cheap or over-the-top, thanks to the four members’ well-coordinated dance moves, SUZUKA’s vocal prowess, and the individuality of each member. Whether you’re Japanese or American, anyone who sees ATARASHII GAKKO! will be able to enjoy its performances to the fullest, and the group’s set at matsuri ’25 was a testimony to that.
Ado
Viola Kam
Then the “Ado Box” was set up in the center of the stage for the event’s final artist, the enigmatic singer Ado, who never shows her face. The 22-year-old songstress immediately launched into her hit banger “Show,” then performed “New Genesis,” “Usseewa” (which sounded faster and more powerful than when this writer saw her on her North American tour a year ago), and “Lucky Bruto” in succession. The stage production was designed to be visually enjoyable as well, with Ado performing “RuLe” by dancing and singing while seated on a chair in her box.
After calls of “Let’s go, Ado” from the audience, the singer addressed the crowd for the first time, talking about how living in Los Angeles for a month last year was one of the best experiences of her life. She shared some episodes that showed her personality, like how she enjoyed In-N-Out burgers and going to Macy’s. “I’m proud to be able to share the stage with ATARASHII GAKKO! and YOASOBI,” she said, expressing appreciation for the opportunity to perform at the event. “I’m so happy that you’ve come to experience Japanese music and culture today. It will really make me happy if you’ll continue to love Japanese music and culture. This has been a really great evening. Thank you.” She then invited the audience to sing and dance with her before performing the last song of her set, “Odo.”
It was unthinkable in the past that an artist who maintains her anonymity by never revealing her face would perform on stage in a box. But it’s true that many people listen to Ado’s music and when she announces shows outside of her home country, many fans rush to buy tickets. This is in line with what Goldenvoice vice president Ellen Lu said at the conference that “festivals are booking with a global sense now. Because that is what people are listening to, so if we are to stay in touch with what people are wanting to see that is not just exclusive to the U.S. or Europe which historically has been the case. It just puts these [international] artists in front of audiences that want to see them or have never had a chance to see them.” This is why Ado was able to successfully tour the world last year, and is set to embark on her second global trek this summer at even bigger venues including arenas.
The three acts that performed at the matsuri ’25 event all had previous experience performing live in North America, and it was a luxurious and precious experience to be able to see them at once. It was an evening that surely made fans want to support other Japanese artists that will follow these groups and go on to perform on the world stage.
—This article by Tomoya Ogawa first appeared on Billboard Japan
Mrs. GREEN APPLE‘s “Lilac” Returns to No. 1 on the Billboard Japan Hot 100, on the chart released March 26.
The Oblivion Battery opener is back atop the tally after five weeks to log its seventh week at No. 1. On its 50th week on the chart, streaming for the long-running hit is up 103%, downloads 104%, and karaoke 103% compared to the week before.
Eighteen songs by the popular three-man band continue to chart this week, with “Ao to Natsu” from 2018 leading the pack at 282 weeks.
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Debuting at No. 2 is SixTONES’ “Barrier.” The six-member boy band’s 14th single bows at No. 1 for sales again, selling 374,475 copies after dropping March 19, making it the group’s 14th consecutive single to debut atop the metric.
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Sakanaction’s “Kaiju” rises a notch to No. 3. The newly released music video accompanying the Orb: On the Movements of the Earth opener helped boost downloads, streaming, video views and karaoke. Downloads are up slightly, streaming up 106%, video 185%, and karaoke 198% week-over-week.
Rosy Chronicle’s “Heirasshai! ~ Nippon de aimasho” bows at No. 4. The Hello! Project girl group’s major-label debut single launches with 74,912 CDs to come in at No. 2 for sales and No. 28 for downloads.
Boku ga Mitakatta Aozora’s “Koi wa baisoku” follows at No. 5, debuting on the chart at a higher position than the group’s previous single, “Sukisugite Up and down.”
Southern All Stars’ “Yume no Uchuryoko” rises to No. 8. The track off the evergreen veteran band’s 16th studio album and the first in ten years entitled THANK YOU SO MUCH ruled radio and came in at No. 11 for downloads after dropping March 19.
The Billboard Japan Hot 100 combines physical and digital sales, audio streams, radio airplay, video views and karaoke data.
See the full Billboard Japan Hot 100 chart, tallying the week from March 17 to 23, here. For more on Japanese music and charts, visit Billboard Japan’s English X account.
A “datapocalypse” hit the music industry this week as both the RIAA and IFPI reported 2024 numbers, following MIDiA Research’s annual tally a week earlier — and all three agreed that growth slowed in 2024. The IFPI’s figures and rankings of top markets revealed the rise of emerging markets, while the U.S.-focused RIAA figures revealed that growth in the United States was particularly weak (although not the worst in the world).
The trends seen in these reports have consequences for the global music industry. Companies follow opportunities, and emerging markets are attractive places to put resources. In November, Billboard published a story about major labels’ pivot in investment strategy from tech startups to old-school music companies in small and developing markets. As majors face slowing growth in mature markets, they’re looking for growth elsewhere — especially China, India and Africa. Independent companies such as Believe have long pursued markets around the world, too, betting on the rise of streaming and the increasing popularity of local music.
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The trio of reports underscore that slow streaming growth in many markets will need to be addressed. To that end, labels are already working to improve payouts through super-premium tiers that carry higher prices and working with streaming platforms to ensure “professional” artists get better remuneration than hobbyists, background noise and nature sounds. Ridding streaming platforms of AI-generated tracks will also improve labels’ payouts.
The reports differ because they represent different types of income. The IFPI reports trade revenue — the money collected by distributors and record labels — while much of the RIAA’s report shows the retail value, or the money collected by streaming platforms and retailers. In addition, the RIAA numbers cover only the U.S. while the IFPI and MIDiA reports track the global business. MIDiA Research includes additional revenue streams not found in RIAA or IFPI reports: expanded rights, which includes merchandise, sponsorships and other revenue that does not originate from master rights; and production music, which is growing in importance in music licensing but is typically outside the purview of record labels.
Following are the four main takeaways from the three reports.
Emerging Markets Were the Story of 2024
The most established markets mostly kept their place in the pecking order, but there was one momentous change in 2024. In a sign of the times, Australia, which ranked No. 10 on the IFPI rankings in both 2022 and 2023, was replaced by Mexico. While Australia improved 6.1%, Mexico expanded 15.6% thanks to a huge improvement in subscription revenue. In fact, the Latin America region grew an astounding 22.5%. Brazil, the No. 9 market, grew 21.7% — the fastest rate in the top 10.
Despite having a relatively small population of approximately 27 million, Australia has historically punched above its weight in music spending. The country ranked No. 6 in both 2014 and 2015 before falling off the top 10 in 2024 for the first time in nearly three decades. Meanwhile, Mexico — which had never cracked the top 10 before now — has roughly 130 million people, a booming streaming market and a flourishing music scene.
To be fair, Mexico is more of a mid-tier market than an emerging market. In terms of IFPI rankings, the country is emerging only in the sense that it “emerged” into the top 10. But it has a lot in common with emerging markets, including high growth rates and ample room for more subscriptions. In mature markets, subscribers are becoming harder to find.
China held firm at No. 5, its same ranking as the previous two years. With the world’s largest population and a fast-growing subscription streaming market, the country has risen from No. 7 in 2019 and No. 10 in 2017. Its largest music streaming company, Tencent Music Entertainment, finished the year with 121 million subscribers — more than all the streaming subscribers in the U.S.
In terms of pure growth rate, the top regions were the smaller Middle East-North Africa (MENA) and Sub-Saharan Africa, which grew at 22.8% and 22.6%, respectively.
Prior to 2024, the same markets had appeared in the top 10 for the last decade, sometimes in a different order. In 2017, China and Brazil entered the top 10, knocking out Italy and the Netherlands. Brazil had been in the top 10 in previous years but was absent in 2016. Now, with Mexico and emerging markets surging, we may be seeing a bigger shakeup in the top 10 in the future.
U.S. Growth Underperformed Nearly Every Other Market
In a business where year-over-year growth has become commonplace, the large, mature music markets don’t have the appeal of the smaller, fast-growing ones. So, while the U.S. remained the world’s largest market — by a wide margin — its revenue growth didn’t even keep up with 2024’s 2.9% inflation rate (depending on which numbers you’re looking at).
U.S. revenue growth slowed to 2.2% according to the IFPI report, or 3.2% according to the RIAA report. Together, the U.S. and Canada, which grew 1.5% in 2024, accounted for 40.3% of global revenue but grew just 2.1%, according to the IFPI report. Japan, the world’s second-largest market, dropped 0.2% as a 5.5% increase in streaming — led by a 7.2% gain in subscription revenue — was offset by a 2.7% decline in physical revenue. South Korea, the No. 7 market, fell 5.7%. The total Asia region grew 1.3%, however, in part due to China increasing 9.6%.
Some other major markets fared better than the U.S. As Billboard previously reported, U.K. revenues increased 4.8% and Germany rose 7.8%.
Subscriptions Are Stronger Than Ever
Subscriptions are the lifeblood of the record industry, accounting for more than 74% of global streaming revenue and 51.2% of total revenue in 2024, up from 49.1% in 2023, according to the IFPI. Of the global industry’s $1.4 billion added in 2024, $1.3 billion came from subscription streaming.
That said, the U.S. subscription market slowed considerably in 2024. Global subscription revenue rose 9.5% to $10.46 billion — almost double the 5.3% growth rate in the U.S., according to the RIAA. That 5.3% gain was half of 2023’s 10.6% improvement and well under 2022’s 7.2% growth (the 22.2% subscription growth seen in 2021 was a fortunate aberration of the pandemic). While a reversion to the mean was expected in successive years, 5.3% isn’t much, especially in a year when Spotify raised prices.
Ad-Supported Music, On the Other Hand…
Global ad-supported streaming grew just 3% to $3.62 billion, according to the IFPI. That’s a paltry number given the growth of streaming in large emerging markets such as India and Indonesia. But 3% global growth outperformed the U.S., where the RIAA report showed that ad-supported streaming dropped 1.8% and hasn’t had a double-digit gain since 2021.
For all the popularity of subscription music services, consumers will continue to use ad-supported platforms — video platforms like YouTube, social media apps like TikTok and radio services such as Pandora. And for freemium services such as Spotify, the ad-supported tier is a critical gateway to the premium tiers.
But the state of the economy suggests advertising dollars could be difficult in 2025, too, as advertisers tend to pull back their spending at the first signs of an economic slowdown. SiriusXM CFO Tom Barry, speaking at a banking conference on March 11, said advertising started “to see a drop-off” in previous weeks following the Trump administration’s tariff threats. “I would say we’re cautious about where the ad industry is going right now,” he warned.
Playboi Carti has landed his first-ever No. 1 on the ARIA Albums Chart with Music, the rapper’s third studio album and most ambitious release to date.
The 30-track project not only marks his first chart-topper in Australia, but also his first entry into the ARIA top 10, following previous peaks at No. 49 with Die Lit (2018) and No. 15 with Whole Lotta Red (2020).
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Music features an all-star lineup of guest collaborators, including Kendrick Lamar, Travis Scott, The Weeknd, Future, Young Thug, and Jhené Aiko, adding to the hype that’s surrounded the long-anticipated release.
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Over on the Singles Chart, Doechii rises to No. 1 with “Anxiety,” marking her first-ever chart-topper in Australia. The viral hit samples Gotye and Kimbra’s 2011 smash “Somebody That I Used To Know,” which itself spent eight weeks at No. 1. Doechii also places at No. 23 with “Denial Is A River,” and is featured on Sleepy Hallow’s version of “A N X I E T Y,” currently at No. 41.
Australian singer-songwriter Mia Wray makes an impressive debut, landing at No. 26 on the albums chart with her first full-length release Hi, It’s Nice To Meet Me.
The Melbourne-based artist, who won the People’s Choice Award in the 2012 Telstra Road To Discovery program, has previously toured with acts like Vance Joy, The Rubens, The Teskey Brothers, and Maisie Peters.
Elsewhere on the Singles Chart, Alex Warren jumps into the top 5 for the first time as “Ordinary” rockets up the chart. Chappell Roan also continues her breakout run with “The Giver,” debuting strong, while her earlier single “Pink Pony Club” hits a new peak this week.
King Stingray has announced the departure of lead vocalist Yirrŋa Yunupiŋu just as the band prepares to embark on their massive For The Dreams national tour.
The announcement was shared via the band’s social media on March 19, confirming that Yunupiŋu, who co-founded the band in 2020, will no longer be part of the lineup. Stepping into the role is Ngalakan Wanambi, who has already performed with King Stingray on their recent U.S. tour.
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“Hey everyone, we’ve got some news to share – King Stingray and Yirrŋa have parted ways,” the band wrote. “To keep the fire burning, we’re stoked to introduce the deadly Ngalakan Wanambi stepping up on vocals. He absolutely smashed it with us on our recent U.S. tour, and as always, our main man, Dima Burarrwanga, will be bringing the energy as he always does.”
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Formed in Yirrkala, a remote community in Arnhem Land, King Stingray quickly made a name for themselves with their blend of Yolŋu rock, seamlessly fusing Indigenous sounds with surf-rock and alternative influences. Yunupiŋu, the nephew of the late Dr. M. Yunupiŋu of Yothu Yindi, co-founded the group with guitarist Roy Kellaway, the son of Yothu Yindi bassist Stuart Kellaway.
With Yunupiŋu as lead singer, King Stingray released their self-titled debut album in 2022, followed by For The Dreams in November 2024. The band has since been at the forefront of Australia’s contemporary music scene, winning critical acclaim and multiple awards, including an ARIA for Best Independent Release.
Their For The Dreams national tour kicks off March 21 at Sydney’s Hordern Pavilion, followed by stops in Brisbane, Adelaide, Melbourne, and Fremantle. Special guests Beddy Rays and The Belair Lip Bombs will join them on select dates.
Despite the lineup change, the band assured fans that the tour will retain the signature King Stingray energy. “This For The Dreams tour is gonna be something really special – same King Stingray spirit, same unstoppable Yolŋu rock and a whole lotta love,” they wrote.
Australia has fallen out of the top 10 global music markets for the first time in nearly three decades, according to the International Federation of the Phonographic Industry’s (IFPI) latest Global Music Report.
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The annual report, released this week, ranks the world’s largest music markets based on recorded music revenues, with the United States, Japan, and the United Kingdom retaining their long-standing dominance in the top three positions. However, for the first time since at least 1996, Australia is absent from the top 10, with Mexico overtaking it to claim the final spot.
Despite this shift, recorded music revenues in Australia continue to rise. The IFPI report states that revenues in Australasia reached $629 million in 2024, reflecting a 6.4% increase, with Australia specifically seeing a 6.1% boost. Similarly, New Zealand experienced a 7.8% revenue increase. Yet, these figures were not enough to maintain Australia’s position in the ranking, as markets like Mexico saw even more rapid growth, with a 15.6% increase, while Brazil, now ranked ninth, grew by a staggering 21.7%.
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Historically, Australia has been a formidable player in the global music industry, reaching as high as No. 6 on the IFPI’s ranking in 2004 and holding that position again from 2007 to 2015. In recent years, however, the country has hovered on the edge of the top 10 before finally dropping out in 2024.
This decline raises questions about the factors influencing Australia’s global standing. While growth remains steady, the rapid expansion of emerging markets suggests a shift in industry investment and audience engagement. Countries like Mexico and Brazil have seen increased investment in A&R, marketing, and local talent development, contributing to their rising influence on the international stage.
The IFPI’s Global Market Overview offers an optimistic outlook overall, noting that worldwide music revenues increased for the tenth consecutive year, growing 4.8% to a total of $29.6 billion. “The growth tells a story of an industry that continues to evolve and adapt around the world – with every region experiencing growth,” the report states.
However, the challenge for Australia lies in securing a stronger foothold in the global landscape amid this evolving market. Recent figures from ARIA indicate six consecutive years of revenue growth in Australia’s recorded music sector, but the nation’s industry leaders may need to explore new strategies to regain their competitive edge. Increased investment in local artists, a greater push for international market penetration, and innovations in streaming and digital distribution could all be key to Australia reclaiming its spot in the global top 10.
The full IFPI Global Music Report is available for review, providing further insights into the shifts shaping the industry in 2025.
King & Prince’s “HEART” blasts in at No. 1 on this week’s Billboard Japan Hot 100, dated March 19.
The group’s 16th single is being featured as the ending theme song for the latest drama series starring member Ren Nagase. The CD launched with 329,809 copies to debut at No. 1 for sales, tops downloads (30,920 units), and comes in at No. 14 for streaming (4,288,922 weekly streams), No. 23 for radio airplay, and No. 3 for video views.
“HEART” becomes King & Prince’s 14th No. 1 on the Japan Hot 100. The group has consistently sold over 300,000 copies of all of its singles in the first week and all of them have topped the physical sales list.
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King & Prince First Week Single Sales
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1. “Cinderella Girl” 622,701 copies
2. “Memorial” 372,139 copies
3. “Kimi wo Matteru” 400,315 copies
4. “koi-wazurai” 385,303 copies
5. “Mazy Night” 531,162 copies
6. “I promise” 578,092 copies
7. “Magic Touch/Beating Hearts” 470,605 copies
8. “Koi Furu Tsukiyo ni Kimi Omou” 449,115 copies
9. “Lovin’ you/Odoruyouni Jinsei wo.” 471,845 copies
10. “TraceTrace” 513,056 copies
11. “Tsukiyomi/Irodori” 614,173 copies
12. “Life goes on/We are young” 1,051,909 copies
13. “Nanimono” 546,829 copies
14. “Aishi Ikiru koto/MAGIC WORD” 353,077 copies
15. “halfmoon / moooove!!” 315,400 copies
16. “HEART” 329,809 copies
Mrs. GREEN APPLE’s “Lilac” stays at No. 2. The track continues to rule streaming for the 28th week with 9,761,022 streams, while hitting No. 8 for downloads, No. 66 for radio, No. 2 for video, and topping karaoke. The Oblivion Battery opener has sailed past 500 million streams as of this week.
SKE48’s “Tick tack zack” debuts at No. 3. The girl group’s 34th single sold 288,724 copies in its first week, coming in at No. 2 for sales and No. 50 for radio.
At No. 4 on the Japan Hot 100 is Sakanaction’s “Kaiju,” slipping a notch from last week. The Orb: On the Movements of the Earth opener came in at No. 7 for downloads, No. 2 for streaming, and No. 6 for radio and video. The accompanying music video dropped Mar. 16, so points for video will also fuel the track from next week.
Mrs. GREEN APPLE’s “Darling” follows at No. 5. The track is also down a notch from last week, but radio and karaoke increased by 133% and 109%, respectively, compared to the week before.
Elsewhere on the chart, Remioromen’s J-pop classic “Sangatsu Kokonoka” (March 9th) charts for the second consecutive week (No. 33 this week). The graduation-related favorite from 2005 climbs the chart every year around this time, and this week, streaming for the track is up 111%, downloads 168%, videos 142%, and karaoke 126% week-over-week.
The Billboard Japan Hot 100 combines physical and digital sales, audio streams, radio airplay, video views and karaoke data.
See the full Billboard Japan Hot 100 chart, tallying the week from Mar. 10 to 16, here. For more on Japanese music and charts, visit Billboard Japan’s English X account.
Australian rock icons Silverchair are set to celebrate the 30th anniversary of their seminal debut album, Frogstomp, with a special event in Sydney next week. However, frontman Daniel Johns will not be taking part.
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The event is scheduled for March 26 at the Metro Social in Sydney, a venue that holds significance for Silverchair, as it hosted some of the band’s early performances before their rapid rise to fame.
The night will feature drummer Ben Gillies, former Silverchair manager John Watson, and label executive John O’Donnell, all sharing insights into the band’s meteoric success. Additionally, celebrated music photographer Tony Mott will be in attendance, and Sydney-based indie rockers The Buoys are set to perform tracks from Frogstomp in tribute.
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Released in March 1995, Frogstomp catapulted Silverchair to international stardom. The album debuted at No. 1 on the ARIA Albums Chart and made history by reaching the top 10 of the Billboard 200, peaking at No. 9 and marking the first time an Australian band had done so since INXS.
The record, which features hits like “Tomorrow” and “Pure Massacre,” earned five ARIA Awards and has sold over 10 million copies worldwide.
The upcoming anniversary celebration follows the release of Love & Pain, a memoir co-authored by Gillies and bassist Chris Joannou in 2023. The book offers an in-depth look at the band’s origins in Newcastle and their rise to becoming one of Australia’s most successful rock acts. However, the absence of Johns from the event is consistent with his continued reluctance to revisit Silverchair’s past.
Johns has been vocal about distancing himself from his former band. He previously opposed the airing of a two-part Australian Story documentary on ABC iView, which coincided with the release of Love & Pain, citing unauthorized use of Silverchair’s music. In an Instagram post, Johns addressed his stance:
“I was and remain incredibly supportive of them telling their story,” he wrote. “I was asked at the end of filming to be interviewed about their contribution to the band and although I wished them all the best, I respectfully declined for one reason. I haven’t been involved in the book nor am I aware of the contents. I’ve asked on many occasions to read the book but haven’t been sent a copy, consequently, I was uncomfortable being interviewed to help promote it.”
Despite Johns’ absence, the Frogstomp anniversary event is expected to be a significant occasion for longtime Silverchair fans, offering a retrospective look at one of the most defining records in Australian rock history.
Tencent Music Entertainment surpassed revenue of $1 billion in the fourth quarter, representing an 8.2% increase from the prior-year period, while net profit climbed 47.3% to $284 million.
The Chinese music streaming company operates three music streaming services — Kugou Music, QQ Music and Kuwo Music — as well as WeSing, a karaoke app. In recent years, Tencent Music’s business has become increasingly dominated by its music services as its social entertainment business continues to lose business.
Online music revenue grew 16.1% to $799 million due to music subscription gains and growth in advertising revenue, while music subscription revenue jumped 18% to $552 million in the quarter as the number of subscribers increased 13.4% to 121 million. Additionally, gross margin jumped to 43.6% in the fourth quarter from 38.3% in the prior-year period. The company attributed the improvement to strong growth in music subscriptions and advertising revenue and increased usage of owned content, as well as its adoption of the Super VIP program, a subscription tier that costs five times the normal rate. Monthly average revenue per user (ARPU) grew to 11.1 RMB ($1.52) from 10.7 RMB ($1.47) due in part to the expansion of the Super VIP membership program.
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The social entertainment business has suffered a sharp decline since the Chinese government began cracking down on the use of live-streaming apps to enable gambling in 2021. In the fourth quarter, social entertainment revenue fell 13% to $223 million and mobile monthly active users declined 21.2% to 82 million (the number stood at 223 million at the end of 2020). Monthly ARPU fell 9.7% to 70.4 RMB ($9.64), down from 172.1 RMB ($26.38) at the end of 2020, and paying users slipped 3.8% to 7.7 million.
For the full year, revenue increased 2.3% to $3.89 billion while net profit climbed 36.2% to $974 million, and gross margin improved to 42.3% from 35.3%. Online music revenue grew 25.5% to $2.98 billion while social entertainment revenue fell 36.1% to $912 million. Full-year gross margin improved to 42.3% from 35.3% in 2023.
Tencent Music Entertainment’s music platforms have evolved into one-stop shops that also include audiobooks, merchandise, downloads and live-streaming. In 2024, the company produced physical albums for Xiao Zhan and Lay Zhang and boosted album sales for Esther Yu by providing options to purchase merchandise along with her digital albums. It also partnered with the band Mayday for an online New Year’s Eve concert.
The company also announced a $273 million dividend and a share repurchase program of up to $1 billion over a two-year period that will commence this month. A $500 million share repurchase program announced in March 2023 will conclude this month.
Tencent Music Entertainment’s shares, which trade on both the New York Stock Exchange (NYSE) and the Stock Exchange of Hong Kong, had risen 15.8% to $15.12 on the NYSE at the close of trading on Tuesday.
For over a year, the K-pop industry has been embroiled in a heated debate over the girl group NewJeans. In fact, even the name “NewJeans” has become a point of contention following the group’s announcement in February that they would be rebranded as NJZ. However, their management company, ADOR, has disputed the legitimacy of this name change. While the group has requested to be referred to as NJZ, no legal ruling has been made on the matter, leaving the existing contract intact. As a result, from a legal standpoint, NewJeans remains the more accurate designation for the time being.
Amid ongoing legal uncertainties, NewJeans is moving ahead independently. This March, the group is scheduled to perform at ComplexCon Hong Kong, where they are reportedly debuting a new song. This move appears to be an attempt to further establish their rebranded identity as NJZ. After all, performing NewJeans’ hit songs while adopting a new name could be seen as contradictory.
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Music organizations and associations in Korea are closely monitoring the NewJeans situation. In February, five major organizations — the Korea Management Federation, Korea Entertainment Producers’ Association, Record Label Industry of Korea, Recording Industry Association of Korea and the Korea Music Content Association — issued a statement expressing concerns over NewJeans and former ADOR CEO Min Hee-jin’s independent activities. Their primary issue is “tampering,” with suspicions that Min has been attempting to remove NewJeans from ADOR.
The statement from the five organizations reads, “For the past 10 months, we have observed a growing trend, in which certain parties attempt to resolve private disputes through media campaigns and unilateral public statements instead of proper negotiations or legal procedures, including former ADOR CEO Min Hee-jin’s press conferences, NewJeans member Hanni’s appearance at a National Assembly audit, and the group’s independent activities.”
NewJeans fans argue that these five organizations are merely echoing ADOR/HYBE’s stance. However, the key issue at hand is their emphasis on the importance of “adhering to legal processes.”
At a press conference on Nov. 28, 2024, NewJeans members announced that “their contract with ADOR would officially end at midnight on November 29th.” They stated, “We have had enough conversations and sent certification of content, but there were no responses during that time. As ADOR and HYBE have breached the contract, we are terminating it.”
Since then, NewJeans has continued its individual actions and reiterated its stance in interviews with foreign media. In a CNN interview last month, the group emphasized, “We have completely lost trust in ADOR. We believe we will win this battle against HYBE and ADOR.” Through Japan’s TV Asahi, a subsidiary of Asahi Shimbun, they stated, “Right now, there are very few media outlets in Korea that carry our voices. Instead of letting that discourage us, we will enjoy our activities.”
International fans who have closely followed NewJeans’ statements may be more inclined to side with the group. However, with both the lawsuit verifying the validity of their claims and the injunction application still ongoing, their assertions remain one-sided. In this context, foreign media that present NewJeans’ perspective without providing balanced coverage of the ongoing legal dispute risk spreading misinformation.
NewJeans and ADOR remain deeply divided, locked in a tense standoff. On March 7, the Seoul Central District Court held the first hearing on ADOR’s provisional injunction request to “maintain the status of agency and prohibit the signing of advertising contracts.” Both parties presented conflicting arguments and failed to reach a resolution.
As a result, it is challenging to take a definitive stance between ADOR or NewJeans. The most prudent thing to do right now is to wait and see how the court reaches its decision, based on the various claims and substantial evidence presented by both parties.
This is precisely the position shared by the five music industry organizations in Korea. On Feb. 27, they held a press conference titled, “Let’s Keep a Promise: Without Record Producers, There is No K-pop!,” where they declared:
“No one can confirm the cancellation of a contract before the court’s judgment, and we must all accept the legal outcome, whatever it may be. This is the only way to protect our industry amid conflict and dispute.”
For now, the K-pop community watches and waits for the court’s decision — a ruling that could have lasting implications for NewJeans, ADOR and the entire industry.
This article was written by Austin Jin and originally appeared on Billboard Korea.
