International

Dua Lipa Cancels Jakarta Concert Due to Staging Safety Issues

Dua Lipa will not perform in Jakarta on Saturday due to what the singer is calling “a safety issue with the staging.”

On Friday (Nov. 8), the pop star posted a message on her Instagram Story saying that “I am heartbroken to share that I won’t be performing in Jakarta this Saturday, November 9. I am here in your amazing country and ready to perform, but I am gutted to share that it has been determined that it is not safe for the performance to carry on due to safety issues with the staging.”

The show was meant to take place at Jakarta’s 16,500-capacity Indonesia Arena. Lipa’s announcement continues that ticket holders for the show will have their payments refunded to point of purchase.

“I was so looking forward to this night,” the statement continues, “and it pains me that we cannot perform for you all, especially after such a long time since my last performance in Jakarta. … I love you all and truly can’t wait to be back together in the same room with you singing and dancing our hearts out as soon as possible.”

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Dua Lipa’s next tour stop is on Nov. 13 in Manila, Philippines. Her November and December run through Asia precedes the 2025 Radical Optimism Tour, a 43-date run that’s scheduled to launch March 20 with a show at Rod Laver Arena in Melbourne, Australia, and hit New Zealand before hopping to Europe for arena shows in Spain, France, Germany, the Czech Republic, the Netherlands, Italy, Belgium and England and then moving on to North America for a fall run.

Bill Ackman Calls On Universal Music Group to Move Listing to U.S.

Billionaire hedge funder and Universal Music Group board member Bill Ackman called for UMG to move its stock listing and legal headquarters to the United States from Amsterdam after violent attacks on Israeli soccer fans overnight in the Dutch capital.

Amsterdam’s Mayor Femke Halsema said fans of Maccabi Tel Aviv were attacked and “pelted with fireworks” overnight by “antisemitic hit-and-run squads” after the city’s AFC Ajax soccer team beat Maccabi in a Europa League match. At least five people were treated in hospital, Reuters reports.

Ackman, UMG’s second-largest shareholder, said on X that moving UMG’s domicile—where the company pays taxes—and where it is publicly traded from Amsterdam to the United States will have “highly material benefits” and will align the company with “moral principles.”

“Leaving a jurisdiction that fails to protect its tourists and minority populations combine both good business and moral principles,” Ackman wrote in the post which he began by writing he is seeking board approval to move Pershing Square’s listing to London.

“I have also begun the conversation with UMG (on whose board I sit) which is domiciled in Amsterdam as well as listed there, about moving its domicile and its listing to the United States, which will offer similar as well as other highly material benefits.”

Pershing Square Holdings, in which Ackman said his family has a 23% stake, owns a 10.25% of UMG’s stock. Vincent Bollore, the former chairman of Vivendi, owns 1% of UMG.

Ackman said Pershing Square will exercise its “contractual right to cause UMG to be listed in the US… and achieve a US listing for UMG no later than some time next year.”

Ackman said UMG trades at a discount and with limited liquidity in part because its primary listing is on the Euronext Amsterdam exchange, not the New York Stock Exchange or Nasdaq. It is also not being eligible to be included in the S&P 500 index or other U.S. bellwether indices

“We are going to fix this. Now is a good and appropriate time to do so,” Ackman wrote.

UMG did not immediately respond to a request for comment.

shelter.film: Meet the Ukrainian Production Company Behind A$AP Rocky’s ‘Tailor Swif’ Video

At the end of the summer, A$AP Rocky released a music video that quickly took over the internet. The video for the song “Tailor Swif” was described as a surreal dream journey. However, anyone familiar with Soviet art, lifestyle, fashion, cinematography and aesthetics will notice many interesting references in the work. The video was filmed in Kyiv, Ukraine, just months before the war began. A particularly intriguing aspect is that the production company behind the video, shelter.film, is based in Kyiv. The company is co-founded and led by Albert Zurashvili, who is from Georgia. It’s even more notable that shelter.film now operates out of Georgia, continuing to work on numerous international projects.

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Recently, shelter.film received several prestigious awards for A$AP Rocky’s music video at the renowned Ciclope Festival. The project was among the winners in five categories, including the Grand Prix in the music video category.

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Billboard Georgia interviewed Albert Zurashvili, who shared insights about shelter.film and the experience working on A$AP Rocky’s “Tailor Swif” video. shelter.film was founded five years ago in Kyiv, with a vision established by Zurashvili. He explains that the talented professionals, who are now part of the shelter.film team, helped him bring this vision to life. Today, Gena Shevchenko and Marina Karmolit are his partners, and together they manage shelter.film. The company launched on April 1, a date that led many to believe it was a prank. “We were too busy launching the project to look at the dates,” says Zurashvili.

The core team at shelter.film consists of six members, and since its founding, it has grown into one of Ukraine’s most well-known production companies. Its international portfolio includes work for several leading brands, such as Chanel, Coca-Cola and Samsung. Now, shelter.film is operating worldwide with offices in Kyiv, Tbilisi and Brussels and is constantly exploring new horizons for their clients.

Despite its service-oriented business model, shelter.film is part of the creative industries, known for its innovative and artistic approach. In today’s advertising landscape, competition is incredibly fierce, with impressive videos being produced daily. Brands consistently launch creative campaigns that capture attention. Even in this competitive environment, shelter.film has carved out its own niche. A signature style runs through their work, showcasing that its creators treat advertising as a form of art. The shelter.film team aims to produce projects that leave a lasting impact on society.

“Shooting videos is generally not too complicated these days. But bringing it to storytelling within commercials with a high-end cinematography or just ripping eye-candy art is somewhat not as easy,” says Zurashvili.

According to him, the company strives to express its creativity. For shelter.film, the process is more than just completing tasks and delivering projects—it’s something that each team member truly enjoys.

“We are blessed to have the opportunity to get involved in socially impactful projects,” Zurashvili says. “We always support new names and evolving talents, as true progress in our industry lies in people, not just tools. Working in international markets these days, we are still getting top Ukrainian specialists involved in every project (physically or remotely) to keep those gems of people around and on track.”

As mentioned earlier, shelter.film has collaborated with many leading companies across various industries. Advertising projects, by their nature, consider numerous client briefs. When we asked how the shelter.film team manages to preserve the artistic value of each commercial video, Albert Zurashvili responded.

“It may sound tall, but we’re doing everything possible to avoid compromises,” he says. “We’re not overpromising but over delivering and never under budgeting. So we’re pretty straightforward about that — we can do it best within the budget line or not. No one wants failures, and we can foresee and avoid them. It’s not just a reputational risk – it’s actual damage for specialists and the image of the country on a global stage as a destination for films and celebrities. So we’re not choosing between commerce and art, I’d say. We’re creating commercial art.

“In recent decades, Ukraine has become a well-known destination for major brands and artists to film their best projects. For that to happen, service production companies collaborating with extremely skilled specialists have put years of sweat and passion into proving that this is the way to do it. After years of hard work and establishing the highest level of service in Eastern Europe, along with the most experienced crew, we started to see significant income for the country through all those worldwide projects. Many talented directors and other creative professionals are eager to bring their work to Ukraine or Georgia, as the level of achievement they attain and the excitement and involvement of the crews are just incredible.”

Marina Karmolit, Albert Zurashvili and Gena Shevchenko of shelter.film photographed for Billboard Georgia.

Marina Karmolit, Albert Zurashvili and Gena Shevchenko of shelter.film photographed for Billboard Georgia.

Ninutsa Kakabadze

Despite numerous high-budget commercials and various projects, one of shelter.film’s standout achievements is the A$AP Rocky music video. The concept for the video was developed by directors Vania Heymann and Gal Muggia, a duo renowned for their work with many stars of the global music scene, including Coldplay, as well as brands like Nike and Apple. Shelter.film has previously collaborated with these directors on various projects, including a Dua Lipa music video.

“It was a freestyle of developing and polishing the details of every scene on the go in a short-term and extra-confidential manner,” says Zurashvili. “Most of the crew coming to the set were unaware of who we were shooting for and were surprised when they arrived. A few weeks later, A$AP and his gang arrived in town, and we spent a few amazing days in Kyiv shooting this crazy project, doing all the tricks possible, and filming it on a Kodak 16mm camera. Working with film is always exciting, as you don’t see the final result until the material is developed and scanned. It was an unforgettable experience.

“No need to mention there were tons of negotiations that took us more than half a year of constant discussion, but it was definitely worth it. One of the highlights for us is that we involved an incredibly talented Ukrainian director of photography, Denys Lushchyk, in shooting this music video.”

In one of the scenes of A$AP Rocky’s music video, a famous scene from the 1977 film Mimino, by Georgian director Georgiy Daneliya, is brought to life. As Zurashvili explains, this decision was made by the directors. “It’s a fantastic reference from Georgiy Daneliya and I’m happy we have it there,” mentions Albert. According to him, A$AP Rocky was deeply involved during both the filming and post-production stages, and the entire team worked to a high professional standard.

For the shelter.film team, visual communication is an art form and a unique way of telling a story. This approach is consistent whether they are working on a commercial advertisement or a music video. “Every art form, even if it’s commercial, has a timestamp,” Zurashvili says. “All great stories should be told. Art is about freedom of expression. I appreciate any brands and artists brave enough to be on the cutting edge of history. The loudness of your voice brings power and responsibility to those who trust and follow you. Positive change can happen only where there is responsible, kind, and intelligent dialogue. As I said, we’re happy to have our role in it and always contribute with full responsibility.”

HYBE’s Net Profit Plunges 99% On Lower Recorded Music, Concert Revenues

South Korean K-pop giant HYBE said its net profit basically evaporated in the third quarter and total revenue slipped 2% after after the company earned less from concerts and saw reduced music sales, according to results published on Tuesday (Nov. 5).

HYBE’s net profit for the third quarter was 1.444 billion won ($1.05 million), a figure 98.6% lower than the third quarter of 2023 when the company reported of 99,690 billion won ($72.3 million). Total revenue for the third quarter of 527.9 billion won ($382.6 million).

HYBE’s biggest release of the quarter was the debut album, SIS, from KATSEYE, a six-member girl group formed over the summer as part of The Debut: Dream Academy, which spent two weeks on the Billboard 200, the company said.

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HYBE’s direct revenue — which comes from its recorded music business, concerts, and things where artists are directly involved — fell by 15.5% to 323 billion won ($234 million). Revenue from its recorded music division declined by nearly 19% to 214.5 billion won ($155.5 million), while concert revenue fell nearly 15% to 74 billion won ($53.6 million). Revenue from ads and appearances rose by nearly 10% to 34.5 billion won ($25 million).

HYBE’s business lines that operate independently of their artists — like merchandising and sync licensing — performed much better, with revenue from artist-indirect involvement business lines rising by 32% to nearly 205 billion won ($148.5 million). Revenue from merchandise and licensing song rights rose by nearly 16% to 99 billion won ($71.9 million), contents revenue rose 64% to almost 80 billion won ($58 million) and fan club revenue rose by more than 23% to 26 billion won ($18.8 million).

The company’s operating profit margin saw significant improvement — up 4% — from the first quarter this year to 10.3% for the third quarter. Earnings before interest, taxes, depreciation and amortization (EBITDA), a measure of HYBE’s profit from its operations, fell by 16.4% to 81 billion won ($58.7 million).

HYBE has had an eventful few months. In July, the company appointed Jason Jaesang Lee as its new CEO and announced its “HYBE 2.0” growth strategy, which reorganizes the company, pushes a global expansion and focuses on tech-driven initiatives.

The company has also been embroiled in a dispute with Min Hee-jin, ex-CEO of the company’s label subsidiary ADOR — home to chart-topping girl group NewJeans — regarding HYBE’s claim that Min tried to take control of ADOR and NewJeans.

AEG’s AXS Buys Hamburg Ticketing Company

AXS, the AEG-owned ticketing company, on Nov. 4 announced the acquisition of a white-label ticketing company called white label eCommerce. The latter company, a Hamburg start-up founded in 2012 that has about 35 employees, currently sells tickets to festivals, sports events and some concerts, but not under its own name.

White label eCommerce will become part of AXS Germany, which in 2024 started selling tickets to German AEG venues, including Uber Arena in Berlin and Barclays Arena in Hamburg. It will continue its white-label business as well. “The entire team is thrilled to become a part of a respected global business like AXS and the broader AEG team,” white label founder Arndt Scheffler said in the announcement. 

“We’re honored to welcome white label eCommerce to the AXS global team,” said AXS president, International, Blaine Legere in the announcement. “Their stellar reputation for client service, iconic list of clients, and forward-thinking technology aligns with our brand.”

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Although AEG operates in the U.S. as a concert promotion company, as well as a venue owner, that strategy has varied by market in Europe. In Germany, which in most years is the world’s third- or fourth-largest live entertainment market after the US and the UK and sometimes Japan, AEG operates several venues but does not promote concerts other than that. In other European markets, AEG has transitioned from operating only as a venue owner to working as a promoter as well – usually for other venues as well as the ones it owns. In most markets, a ticketing strategy through AXS is an important part of that.

An acquisition that seems to signal an expansion of AEG’s ticketing business could be taken as a hint that the company could eventually become a promoter in the German market as well. And two German live music executives with no direct knowledge of AEG’s plans suggested that might be the case, given the company’s operations elsewhere in Europe. But the company could face more competition in Germany than elsewhere in Europe, since the company CTS Eventim has more market share there in ticketing as well as promotions.

Spinnin’ Records Co-President Roger de Graaf to Retire After 25 Years at the Label

Spinnin’ Records president Roger de Graaf is retiring, a representative for the label has confirmed to Billboard.

De Graaf co-founded the Dutch label in 1999 alongside Eelko van Kooten, maneuvering it through several eras of electronic music and quickly evolving consumption models, from CDs to DSPs.

“In the beginning, we wanted to become the No. 1 dance company in the Netherlands,” de Graaf told Billboard in 2019. “Then we wanted to become the No. 1 dance company in Europe, and then the No. 1 dance company in the world.”

Spinnin’ became a pillar of the EDM era, with a roster including Afrojack and Martin Garrix, Tiësto, Martin Solveig, Nicky Romero, Sander van Doorn, and others. The company’s business structure also includes a flurry of artist imprints including Tiësto’s Musical Freedom and David Guetta’s Future Rave. In 2019, the label focused on international expansion, making inroads in the Brazilian market by signing Brazilian producer Alok and launching Spinnin’ Records Asia.

“Every time we had any success, we didn’t take a lot of time celebrating it,” de Graaf told Billboard in 2019. “We always wanted more and always focused on what could be our next success.”

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The success of Spinnin’ ultimately led Warner Music to acquire the label in 2017 in a deal reportedly worth more than $100 million. This transition saw van Kooten depart the label, with the exec going on to launch Ledo, a global digital distribution platform that partners artists with social media influencers.

In September 2023, de Graaf and Ewout Swart were named co-presidents of Spinnin’ Records. A successor to de Graaf has not yet been announced.

A New Docuseries About Ace of Base Is Coming This December

A new documentary series chronicling the rise and fall of Ace of Base, one of the biggest Swedish pop band exports of all time, following in the tradition of fellow Billboard Hot 100 chart-toppers ABBA and Roxette, is coming this winter.

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Featuring unseen home movie footage and new interviews with members of the band, their business team, music executives, artists and cultural critics, Ace of Base: All That She Wants debuts in full Dec. 5 on Viaplay, a streaming service that hosts Nordic and European TV series and films.

The Swedish quartet — Ulf Ekberg and the siblings Jonas, Jenny and Malin Berggren — first saw success in America with “All That She Wants,” a No. 2 Hot 100 hit and Pop Airplay No. 1, but follow-up single “The Sign” rocketed them to the top of the Hot 100. It was a ubiquitous, era-defining, reggae-flavored dance-pop smash in the mid ‘90s, and remains the longest-leading No. 1 ever on the Pop Airplay chart (it dominated for 14 weeks in 1994).

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Ace of Base scored seven top 40 Hot 100 hits throughout the decade, including “Don’t Turn Around” (another Pop Airplay topper) from their U.S. debut album, The Sign, a repackaging of their European debut Happy Nation that topped the Billboard 200 when released by Arista. Naturally, Arista founder and industry legend Clive Davis is one of the interviewees in this docu-series, which also features sit-downs with Wyclef Jean, Nigerian-Swedish singer Dr. Alban (“It’s My Life”), the group’s manager, lawyer, A&R, bodyguard and one of their backup dancers to provide the full picture of their “warts-and-all” story. Ace of Base: All That She Wants also includes an interview with Billboard executive digital director Joe Lynch, i.e., the person writing this article.

In addition to their own hits, Ace of Base helped crack open the door for Swedish artists such as Robyn and The Cardigans to make inroads in the States — not to mention pop producers Denniz Pop and Max Martin, who would permanently shift the direction of commercial pop in America via their work with Britney Spears, Backstreet Boys and *NSYNC.

You can check out the trailer below and the full three-part documentary on Dec. 5.

Billboard Arabia Cover Interview: The Voice Bridging Generations of Arabic Music


Interviewing an artist of Angham’s caliber presents a unique challenge and a thrill, merging anticipation with the weight of her legacy. Angham is, after all, a towering figure in Arabic music, an extraordinary voice whose career bridges the classical foundations of Arabic song with its modern evolution over two dozen studio albums. This was not just an interview – it was an exploration into the journey of authentic art that has shaped contemporary Arabic music.

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As expectations filled the air, they quickly dissipated when Angham appeared in white, radiating a captivating smile. Angham takes in all opinions and comments with a calm demeanor, soothing the room’s tension. When she begins to speak, the atmosphere transforms: her words reflect a powerful personality, expressing complex ideas with simplicity and an undeniable charm that enchants her audience.

There’s no doubt that Angham has emerged as one of Egypt’s most impactful modern voices. Her journey began in the late 1980s, nurtured by her father, the renowned musician Mohamed Ali Suleiman, whose guidance and influence helped unlock her early talent. With training in music and piano, she developed a solid foundation in the musical arts, initially singing traditional Tarab (classical Arabic music) pieces that bore her father’s distinct artistic signature, such as the album Ila Ana (Except Me), in parallel with her collaborations with classical composers of Khaleeji music such as Talal Maddah, Suleiman Al Mulla and Sami Ihsan. Yet, in the late 1990s, after professionally parting ways with her father, Angham redefined her path.

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She embraced a modern style closer to Arab pop and reached a major milestone with the 2001 album Leih Sebtaha (Why Did You Leave Her?), marking her first collaboration with composer Tarek Madkour and Sherif Taj. The early 2000s also saw Angham experimenting with Latin pop, in the release of one of her most prominent hits, “Sidi Wasalak” (Why Aren’t You With Me?), and with it she established her new artistic identity, which she continued to grow and develop while absorbing new musical trends, and integrating them into the context of her own musical experience and identity. Through these works, she expanded her reach to a broader audience, solidifying her status as a central figure in the Arab music scene and maintaining her role as a bridge between Arabic music’s rich history and its present.

While it is difficult to pin any one of Angham’s albums over the other, another massive success for Angham was her album Hala Khassa Gdean (A Very Special Case) with hit songs “Ya Retak Fahemny” (I Wish You Understood Me), where we hear her nuance for emotional complexities of love develop more with each work, in addition to her vocal delivery and performance. With 29 studio albums under her belt, Angham’s prolific body of work has found a home in the hearts of her listeners year after year, where she has come to be known for her unique ability to sing a range of emotional experiences found in each stage of love.

Billboard Arabia’s conversation for the October cover began with her latest album, Tigi Neseeb (Let’s Leave). Each song, a journey into the depths of emotion, allowed Angham to share pieces of herself and the untold stories embedded within the lyrics. She describes the album as a story, explaining, “This album is like a story with a beginning and an end. It’s filled with stories of people and situations – very real and relatable. What ties it all together is the music, the expressive kind I resonate with.”

Angham’s musical expertise shines through as she discusses her talent for weaving stories from real-life experiences — narratives that listeners might recognize from their own daily lives or even feel personally connected to. She notes, “The album is like a drama; it’s as if you’re witnessing the stories of many people around you. Sometimes, you see yourself in the narrative, or you recognize two or three others whose stories you’re familiar with. It’s that simple, yet it’s a core reason for my success.” Angham unveils that the key to her songs’ success and uniqueness lies in her deep connection with her audience and the relatable stories they share. Each song she performs embodies a sense of authenticity, forging a personal bond between the music and the listener, as though she shares in the daily experiences.

She approached her latest album, Tigi Neseeb, not as a fixed blueprint but as a dynamic journey filled with transformations and experiences. “I wouldn’t lie to you and say I knew exactly what I was going to do; the album developed gradually, with changes in lyrics and musical arrangements. There was a plan, but it evolved for the better.”

After discussing her latest album, Angham elaborates on her artistic choices and musical collaborations. With dozens of albums under her belt, she articulates her philosophy regarding song selection, highlighting the stage’s pivotal role in her decisions: “I’m always focused on how a song will translate on stage; my choices are guided by this aspect because the stage is my essence. My concert is my soul.” Angham expressed her enthusiasm for direct audience interaction, an essential element in her creative process. “When I choose a song and its arrangement, I consider how it will start, end, and engage the audience; I’ll re-record as many as two or three times to reach that perfect ending that commands applause.”

For Tigi Neseeb, Angham maintained a thoughtful balance between longtime collaborators and fresh names she worked with for the first time. She sustained her successful collaborations with producer Tarek Madkour and lyricist Amir Teima, with whom she’s worked for over 20 years, crediting these long-standing collaborations with upholding her distinctive musical identity. At the same time, she brought in new, unexpected collaborations. In her conversation with Billboard Arabia, Angham highlights the album’s surprise: collaborating with Akram Hosny, initially an Egyptian comedian, who contributed songs like “Khalik Ma’aha” (Stay With Her) and the title track.

Angham

Angham

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On her album, Angham also introduced new vocabulary into her piece with lyricist Mostafa Hadouta, whose background in mahraganat music added a fresh layer to the song “Mowafaqa” (l Agree). Unpacking the album’s rich collaborations, she also praises three poets she worked with for the first time on Tigi Neseeb, including Hala El Zayat, whose song “Howa Enta Meen” (Who Are You Anyway) achieved remarkable success, landing in the No. 9 position on Billboard Arab Hot 100. Tigi Neseeb’s performance on the Billboard Arabia charts proves its remarkable success, with 10 out of 12 songs finding a home on Billboard Arabia’s Hot 100.

But Angham isn’t just a singer, performer and classically trained musician — she is also a businesswoman. In her interview, she unveils her most ambitious endeavor to date: her own production company, Sowt Masr (The Sound of Egypt), which launched with its debut album, Tigi Neseeb. Established between 2014 and 2015, the company initially aimed to produce her personal projects, yet Angham’s vision extends far beyond her own artistic ambitions. She expresses, “Deep down, I aspire to nurture new voices, and with time, I will make that happen.” Angham emphasizes that her role as a producer is not merely to finance projects but to guide emerging talent on the right path. Her insight highlights a transformative view of the producer’s role – one that encompasses organizing and creatively directing rather than just providing funding.

Looking ahead, Angham was unequivocal about her commitment to continuous innovation. “As I speak, I’m actively engaged in new projects. Music constantly flows through my mind, inspired by the words I hear and read, along with new songs and fresh collaborations,” she shared. Her boundless ambition drives her to enhance her artistic repertoire through collaborations with new composers and artists who can add their flair to her work.

Angham is not just an artist; she embodies a modern classic Arabic voice and serves as a vital link between musical generations. With her album Tigi Neseeb, its diverse collaborations and her production venture, Sowt Masr, she demonstrates her remarkable ability to adapt and innovate while remaining true to her artistic roots. The interview concluded on an inspiring note, envisioning a bright future not only for Angham but also for emerging artists who may find her label Sowt Masr a springboard to new horizons in the music industry. As she continues to pave the way, Angham’s legacy promises to illuminate a path for the next wave of talent and Arabic music at large.

Angham

Angham

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EMPIRE Hires Jeffrey Yoo as SVP of East Asia in Geographic Expansion for Indie Label

EMPIRE is officially stepping into Asia as the powerhouse independent label announces the appointment an executive with a track record of fostering crossover talent.

Known for being pivotal in developing several breakout Asian acts, Jeffrey Yoo has been appointed EMPIRE’s senior vp of East Asia, the company announced on Thursday (Oct. 31). The seasoned exec will oversee signings and artist development across Asia and the diaspora in his new role. The first high-profile addition under Yoo’s new tenure is K-pop icon G-Dragon, who released “POWER,” his first single in seven years, in partnership with EMPIRE on Thursday.

Earlier in his career, Yoo discovered and managed South Korea’s mysterious vocal wunderkind DEAN (who helped connect Korean R&B with audiences abroad thanks to collaborations with Anderson .Paak and SYD) and consulted for 88Rising to develop and help break Chinese pop star Jackson Wang (whose most recent album, Magic Man, hit No. 15 on the Billboard 200 in 2022 in tandem with 88rising). Last year, he partnered with Tricky, Mark and Judi Stewart on RZ3 Recordings via a joint venture deal with Epic Records; he also previously launched Quantum Mirror Publishing.

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“I am excited to be joining the team at EMPIRE and I feel like my years in the music business have led me to this opportunity,” Yoo said in a statement. “Ghazi has done an amazing job of creating a company and a culture of authentic diversity. I especially appreciate his understanding and commitment to not only investing in Asian artists but also Asian executive talent.”

EMPIRE CEO/founder Ghazi added, “The goal at EMPIRE has always been to bring music and culture to a global audience, so further establishing our footprint across the Asian market reinforces our commitment to that. Jeffrey’s knowledge and respect in the music business is unmatched, and he is the perfect fit to spearhead our efforts across the Asian region.”

With teams already in the U.S., Europe, Africa and the Middle East, EMPIRE’s expansion into Asia aligns with its mission to develop the next wave of international superstars across its label, distribution and publishing arms.

ASCAP and SACEM Announce New Alliance

ASCAP and SACEM are expanding their existing relationship into an alliance that will allow them to invest together in data technology and collect directly from streaming services in more foreign markets, plus launch an AI task force and encourage collaboration among songwriters.

Since 2022, SACEM has collected money from online services in foreign markets for ASCAP members that don’t have direct deals in those places, and their respective, leaders, ASCAP CEO Elizabeth Matthews and SACEM CEO Cécile Rap-Veber, have become friends. That deal, which is most important in Europe, but also functions in the Middle East and Africa, has been extended. It will also expand into Asia.

Collective management organizations began competing to represent online public performing rights for compositions in Europe the last decade. But this competition is heating up in other parts of the world as well. (The U.S. is among the exceptions, where local societies license online rights as well as traditional rights.) So, ICE (a joint venture hub run by Germany’s GEMA, Sweden’s STIM and the UK’s PRS for Music and SACEM now compete with others for the rights to license repertoire they don’t represent in their home markets. Although many of the markets outside Europe are fairly small, they will be the source of important growth over the course of the next decade.

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The new deal between ASCAP and SACEM will also allow the two organizations to share investments and expertise, a real advantage given the expense and complexity of licensing a growing number of compositions in an increasing number of markets. The resources required has given SACEM and ICE an advantage over other European societies.

The AI task force will help build composer understanding and legislative support for policies that will result in better compensation for rightsholders. While some of the issues are the same on both sides of the Atlantic, others are not. The European Union has already taken some steps toward regulating AI, in both AI legislation and a provision of the Copyright Directive that lets rightsholders opt out of having their work ingested for AI training purposes. The announcement says that the deal will also provide composers ways to work together, including in songwriting camps.

The announcement of the deal comes at a time when ASCAP’s traditional U.S. rival, BMI, now operating as a for-profit company, has expressed some interest in expanding into foreign markets.