International
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Street Mob Records has signed a worldwide deal with Cinq Music to distribute the label and expand its opportunities in branding, sponsorships, merchandising and synchronization. The deal will also include new talent discovery for Street Mob Records.
Founded by Fuerza Regida’s frontman Jesús Ortiz Paz (a.k.a. JOP), Street Mob Records’ artists include Chino Pacas, Calle 24, Ángel Ureta, Chuy Montana, Linea Personal and more rising regional Mexican music — or música mexicana as it is also called — acts.
“We have worked with Cinq for years and know that they’re committed to the genre,” said Paz in a statement to Billboard Español. “It’s only natural that we should partner with them to grow and expand Street Mob – combining their infrastructure, experience, and reach with our talent.”
“We bet on people, not just music, and it’s obvious that Jesus Ortiz Paz is going to carry his success as an artist into his label,” added Cinq Music president Barry Daffurn. “We are excited to team up with Street Mob Records to accelerate their growth. Cinq already brings billions of streams a month to the music world – now, we’re going to add incredible fuel to that fire with these important artists.”
Since 2018, Cinq Music has also been working with Rancho Humilde — Fuerza Regida’s label — another independent label at the forefront of música mexicana’s recent growth.
“Regional Mexican [music] is one of the hottest and fastest genres in the world right now, so to have that relationship with someone like Jesús means a lot to us,” continued Daffurn. “From the time we first started working in regional Mexican music, and the first time I sat down with Jimmy [Humilde] of Rancho Humilde, our goal was to bring this music global. The vision at that point was not to make it regional Mexican music, but more música mexicana, expanding it outside that network, to all the countries outside of [Latin America.] Corridos are leading that global expansion.”
Earlier this month, Street Mob Records and Cinq Music teamed up to release Chino Pacas’ “Yo Preferí Chambear,” which was the premiere of their new partnership. The video already racked up 2.1 million views on YouTube since it dropped 11 days ago.
In March, Chino Pacas entered the Billboard Hot 100 with “El Gordo Trae El Mando,” the artist’s first entry in the historic, all-genres chart.
“We’re operating as a distributor, from a technical standpoint, but as a company, we don’t work with everyone. The artists and labels that we do work with are very high touch,” said Daffurn. “We’re helping them with administrative support, full service marketing, and there’s money involved to make investments so they can build their own infrastructure and grow that way.”
Fuerza Regida earned its first entry on Billboard Hot 100 in January with “Bebe Dame” alongside Grupo Frontera, a romantic cumbia jam with a grupera swing that peaked at No. 25. Since then, they’ve placed three other tracks on the all-genres chart, “Ch y La Pizza” with Natanael Cano, “Igualito a Mi Apá” with Peso Pluma, and their latest “TQM” on their own.
LONDON — Amid increasing concern among artists, songwriters, record labels and publishers over the impact of artificial intelligence (AI) on the music industry, European regulators are finalizing sweeping new laws that will help determine what AI companies can and cannot do with copyrighted music works.
On Wednesday (June 14), Members of the European Parliament (MEPs) voted overwhelmingly in favor of the Artificial Intelligence (AI) Act with 499 votes for, 28 against and 93 abstentions. The draft legislation, which was first proposed in April 2021 and covers a wide range of AI applications, including its use in the music industry, will now go before the European Parliament, European Commission and the European Council for review and possible amendments ahead of its planned adoption by the end of the year.
For music rightsholders, the European Union’s (EU) AI Act is the world’s first legal framework for regulating AI technology in the record business and comes as other countries, including the United States, China and the United Kingdom, explore their own paths to policing the rapidly evolving AI sector.
The EU proposals state that generative AI systems will be forced to disclose any content that they produce which is AI-generated — helping distinguish deep-fake content from the real thing — and provide detailed publicly available summaries of any copyright-protected music or data that they have used for training purposes.
“The AI Act will set the tone worldwide in the development and governance of artificial intelligence,” MEP and co-rapporteur Dragos Tudorache said following Wednesday’s vote. The EU legislation would ensure that AI technology “evolves and is used in accordance with the European values of democracy, fundamental rights, and the rule of law,” he added.
The EU’s AI Act arrives as the music business is urgently trying to respond to recent advances in the technology. The issue came to a head in April with the release of “Heart on My Sleeve,” the now-infamous song uploaded to TikTok that is said to have been created using AI to imitate vocals from Drake and The Weeknd. The song was quickly pulled from streaming services following a request from Universal Music Group, which represents both artists, but not before it had racked up hundreds of thousands of streams.
A few days before “Heart on My Sleeve” become a short-lived viral hit, UMG wrote to streaming services, including Spotify and Apple Music, asking them to stop AI companies from accessing the label’s copyrighted songs “without obtaining the required consents” to “train” their machines. The Recording Industry Association of America (RIAA) has also warned against AI companies violating copyrights by using existing music to generate new tunes.
If the EU’s AI Act passes in its present draft form, it will strengthen supplementary protections against the unlawful use of music in training AI systems. Existing European laws dealing with text and data-mining copyright exceptions mean that rightsholders will still technically need to opt out of those exceptions if they want to ensure their music is not used by AI companies that are either operating or accessible in the European Union.
The AI Act would not undo or change any of the copyright protections currently provided under EU law, including the Copyright Directive, which came into force in 2019 and effectively ended safe harbor provisions for digital platforms in Europe.
That means that if an AI company were to use copyright-protected songs for training purposes — and publicly declare the material it had used as required by the AI Act — it would still be subject to infringement claims for any AI-generated content it then tried to commercially release, including infringement of the copyright, legal, personality and data rights of artists and rightsholders.
“What cannot, is not, and will not be tolerated anywhere is infringement of songwriters’ and composers’ rights,” said John Phelan, director general of international music publishing trade association ICMP, in a statement. The AI Act, he says, will ensure “special attention for intellectual property rights” but further improvements to the legislation “are there to be won.”
An American musician with the Russian rock group LoviNoch (Catch the Night) has been arrested in Moscow on suspicion of drug trafficking, according to media reports.
Michael Travis Leake, whose Instagram account identifies him as the band’s singer (his last post was on Feb. 3), is suspected of selling mephedrone, a drug with similar effects to cocaine and MDMA, CNN and the Associated Press reported, citing Russian media reports and a statement on Telegram from a Moscow.
Leake faces charges for the distribution or production of drugs, which carry a sentence of up to 20 years in prison. A Moscow court has ordered him to be held for two months in pre-trial detention, the reports say.
CNN reported that Russian media outlets, including Ren TV, a tabloid outlet, published a video of Leake’s arrest at his home and a mug shot from a Russian police station on Thursday (June 8). “I don’t understand why I’m here. I don’t admit guilt, I don’t believe I could have done what I’m accused of because I don’t know what I’m accused of,” Leake reportedly said.
A former paratrooper with the U.S. military who has lived in Moscow since 2010, Leake appeared on a 2014 episode of Anthony Bourdain: Parts Unknown in Moscow and St. Petersburg after being handpicked by Bourdain to appear on the show. In the episode, he half-joked that the KGB was listening in on their conversation and tailing Bourdain.
The episode’s producer, Darya Tarasova, told CNN that Leake and his friends were vocal critics of Russian state censorship and advocates for free speech in the country.
The U.S. State Department confirmed Leake’s detention in a statement sent to Billboard, with a spokesperson writing, “The Department of State takes seriously its commitment to assist U.S. citizens abroad. It is our standard practice to reach out to the families of U.S. citizens detained overseas as soon as we are provided permission by the individual. We have attempted to reach out to Mr. Leake’s family. We stand ready to provide all appropriate consular assistance to Mr. Leake and his family.”
On Sunday, the State Department told CNN that U.S. embassy officials had attended Leake’s arraignment the day prior. “We will continue to monitor the case closely,” a State Department spokesperson told the outlet.
Leake is the latest American to be detained by Russian officials since the country’s military forces invaded Ukraine in February 2022. Punitive economic sanctions by the United States and its Western allies have further strained tensions with Russia.
In another drug-related case, WNBA star Brittney Griner was arrested the month of the invasion after vape canisters containing cannabis oil were found in her luggage at a Moscow airport. A Russian court sentenced her to nine years in prison, but she was released in December in exchange for U.S.-imprisoned Russian arms dealer Viktor Bout.
And in March, Russian officials detained Wall Street Journal correspondent Evan Gershkovich, accusing him of espionage, which he denies. On May 23, a Russian court extended his arrest by three months.
Plans are afoot for a “modern reimagining” of the 1985 classic “We Are the World” — dubbed “We Are the World NOW” — as a multi-country, live recording and televised music event. In the words of the project’s producer, Jeffrey Weber: “We are taking “We Are the World NOW” to the world.”
Separate recordings of the song will be produced in Korea, China, Japan, Australia, England, Italy, France, Germany, Brazil, Mexico, Spain and one or more African countries. Additional countries may be announced later.
The original 1985 recording of the humanitarian anthem “We Are the World,” by USA for Africa, was designed to alleviate starvation on the African continent. With “We Are the World NOW,” “a percentage of the revenue from the sale of the recordings and associated products will be split between a noted charity in each country devoted to ending world hunger and a third-party charity devoted to the same goals on a global basis,” according to a statement.
“We Are the World” — co-written by Michael Jackson and Lionel Richie and produced by Quincy Jones — was a global smash in 1985. It topped the Billboard Hot 100 for four weeks and went on to win Grammys for record and song of the year. “We Are the World 25″ — a cover version by another all-star grouping, Artists for Haiti — reached No. 2 on the Hot 100 in 2010, though it didn’t have anywhere near the same cultural impact as its predecessor. That one was produced by Jones, Richie, RedOne, Mervyn Warren, Patti Austin, Humberto Gatica, Wyclef Jean and Rickey Minor.
Weber says that he has not yet connected with Richie, the Jackson estate or Jones about the project. He wouldn’t need permission, beyond a compulsory license, to cover the song, but adds, “Once there is a broadcaster in place, we would have to strike a deal for publishing rights to the original song with Lionel as well as the Jackson estate if the project were to be shown on any device that has a visual image, such as a DVD, television, computer screen, movie theater, etc.”
The project’s creator and executive producer is Sunny Ogbamichael, a Korean entrepreneur. “Never before in our history are we, as a people, more divided on so many levels,” she said in a statement. “We are divided socially, economically, racially, religiously and politically. In what I hope will be a unifying effort, we are producing reimagined and modernized versions of the song, ‘We Are the World,’ in over a dozen countries, while aligning with indigenous charity partners dedicated to ending world hunger.”
Pre-production is set to begin on July 1, at which time Weber will start to gather musicians and singers from each country. The first recording session is expected to be in Seoul, South Korea in the first quarter of 2024.
Each country’s session will be recorded live, but not on the same day.
Weber says the “We Are the World NOW” live event series will be recorded in over a dozen countries: “We are assembling the finest local arrangers, musicians and vocalists in each country to record contemporary versions of the song in the language of each country and incorporating the indigenous instruments of each country. The project will be recorded live, in world-class studios in each country.”
To assist the various arrangers in each country, Weber will initially record a modern take on the original song that can be augmented by the arrangers in each country or used as an example for each country’s selected arranger to create their own arrangement. Weber’s recording will feature a band that Weber has assembled, including Gregg Bissonette (Ringo Starr), Matt Bissonette (Elton John), Tariqh Akoni (Josh Groban), Dapo Torimiro (John Legend) and Troy Laureta (Ariana Grande). The song will also feature rappers, including Prodigal Sunn (Wu-Tang Clan, Sunz of Man) and Anacron.
“I expect that each country’s arranger will have a different approach to what a modern version of the song will be,” says Weber. “I am going to leave the arrangement up to each arranger, but when you add the indigenous instruments to the mix, it promises to be interesting, at least. I do expect rap to be a part of some of the versions. We will be doing a symphonic version of [the arrangement] in China which will be arranged and conducted by Christina Liang.”
Weber has worked as a concert, event and music festival producer and has also produced hundreds of albums. He teamed with Morgan Ames to produce the album Diane Schuur and the Count Basie Orchestra, which was a double Grammy winner in 1988 for best jazz vocal performance, female (for Diane Schuur) and best instrumental arrangement accompanying vocals (for arranger Frank Foster).
Grammy and Emmy-winning engineer, Clark Germain, will record and mix the entire project. Germain won a Grammy in 2004 for best jazz instrumental album, individual or group for his work on Wayne Shorter’s Alegría. He won an Emmy in 2017 as a scoring mixer on Amazon’s Mozart in the Jungle, which was awarded outstanding sound mixing for a comedy or drama series (half-hour) and animation.
Broadcast and distribution partners for “We Are the World NOW” have yet to be finalized.
HYBE is reportedly in talks with investors to raise around $380 million (500 billion won) to fund acquisitions outside of the South Korean entertainment market, according to a report by Bloomberg. The agency and entertainment company is exploring taking on strategic and financial investments in exchange for equity, the outlet reported Thursday, citing sources who […]
Three HYBE employees could be prosecuted for insider trading in South Korea for allegedly using non-public information about K-pop group BTS’ planned hiatus before the news was given to investors, according to multiple reports out of South Korea. South Korea’s Financial Supervisory Service (FSS), the equivalent of the Securities Exchange Commission in the U.S., […]
LONDON – Key players from the United Kingdom’s music industry have pledged to improve the digital metadata for song recordings to help ensure that artists and rightsholders are paid fairly.
Under the voluntary two-year agreement published Wednesday (May 31) by the U.K. government’s Intellectual Property Office (IPO), the U.K. industry commits to progressively improve metadata for new music recordings and to accurately award credits on streaming services.
Signatories include representatives of major and independent record labels, publishers, creators and streaming services. Trade bodes BPI —which represents more than 500 labels, including the U.K. arms of Universal Music Group, Sony Music Entertainment and Warner Music Group — and the Association of Independent Music (AIM), which acts on behalf of U.K. independent record labels and music companies, are among the music groups backing the pledge
The U.K. government also says that it will be setting up a new working group with music business stakeholders “to explore and consider industry-led actions on remuneration for existing and future creators” over the coming weeks. The working group will review a range of issues facing creators and rightsholders, says the IPO, including the impact of artificial intelligence.
“The U.K. is a hotbed for world-beating musical talent but as technology advances we need our thriving music industry to continue to offer viable career opportunities,” John Whittingdale, a U.K. government minister for the creative industries, says in a statement.
Whittingdale calls the metadata pact a “landmark agreement” that will help ensure musicians “in the digital age are fairly credited and compensated for their contributions and creativity.”
As streaming has grown to become the dominant mode of music consumption globally, the need for accurate metadata — the descriptive data underlying music recordings detailing who contributed what to a song’s creation and who owns it — has grown in importance in determining who gets paid what share of a track’s streaming royalties. But digital platforms, artists and rightsholders have complained that streaming metadata is often incomplete or inaccurate, which delays payments to songwriters and labels.
“Currently a fraction of recordings being streamed properly credit the people that wrote and published the song,” says Graham Davies, CEO of U.K. songwriters trade group The Ivors Academy, which has also signed the metadata agreement.
In 2021 the Ivors Academy estimated that at least £500 million ($625 million) in global streaming royalties a year were being wrongly allocated or not being paid at all due to missing or incomplete metadata. In a statement, Davies says the pledge “gives us the first proper step on a journey of closing the metadata gap.”
Sophie Jones, BPI interim CEO, says she hopes the agreement will lead to “immediate improvements” in the “speed and accuracy of songwriter payments.”
Other music groups and companies backing what is officially titled the United Kingdom Industry Agreement on Music Streaming Metadata include The Digital Entertainment and Retail Association (ERA), whose members include streaming services; Hipgnosis Songs Fund; the Music Publishers Association (MPA); Musicians’ Union (MU); Featured Artists Coalition (The FAC) and U.K. collecting societies PRS for Music and Phonographic Performance Limited (PPL).
Wednesday’s metadata agreement is the latest in an ongoing series of government-led interventions into the U.K. music industry that spun out of a Parliamentary inquiry into the economics of the music streaming business.
That initial review concluded in July 2021 with the Department for Digital, Culture, Media & Sport (DCMS) Select Committee calling into question the major record labels’ dominance of the industry and branding the global streaming model as unsustainable in its current form, saying it “needs a complete reset.”
Since then, the government has initiated multiple investigations and inquiries into the U.K. music industry, including a market study review of the record business by the U.K. competition regulator. That ended in November when the Competition and Markets Authority (CMA) determined that low returns from streaming for most artists “are not the result of ineffective competition” between the three major labels.
Last year the British government set up two working groups – led by the IPO and made up of industry stakeholders — looking at issues raised by the Parliament probe. One focused on metadata, which has now concluded. A second working group is looking at improving transparency around licensing and royalties for artists. The IPO says it is due to publish the second group’s findings, including a code of practice, in the coming months.
A South Korean law firm representing three members of K-pop boy band EXO says the singers are pursuing legal action against their longtime label and management agency SM Entertainment over contractual issues related to “slave contracts.”
In a press release, Lin Law Firm claims it has represented K-pop stars Baekhyun, Chen and Xiumin — who are members of EXO and also perform together in a splinter trio unit named EXO-CBX — since March over pay and contract disputes with SM Entertainment, who debuted EXO in 2012 and are home to acts like TVXQ!, Girls’ Generation, SHINee, NCT and aespa.
Baekhyun, Chen and Xiumin (whose full names are Byun Baekhyun, Kim Jongdae and Kim Minseok, respectively) claim SM has shown a lack of payment transparency and required unreasonably long contracts extending beyond 12 years, according to a five-page document reviewed by Billboard that was sent by Lin Law Firm attorney Lee Jaehak.
The firm alleges that despite the trio signing exclusive, long-term contracts with SM, the K-pop company has not provided full data about the artists’ payments as they recently requested. Lin Law adds that the artists have always trusted SM’s payments despite Korean law requiring entertainment companies to provide updates on payment settlements twice a year.
Lin Law Firm also claims that SM has used its position in the K-pop market to force artists to sign with the company for longer than the industry standard seven years — deals it calls “slave contracts.” The firm says that SM automatically extends artist contracts by three years if the artist works overseas, which applies to Chen and Xiumin, as the two were originally part of the China-focused group EXO-M. Meanwhile, Baekhyun has released solo music in Japan and was a part of the U.S.-focused, Billboard 200-topping “supergroup” SuperM.
The final point in Lin Law’s document includes an apologetic message to fans and a pledge to resolve the dispute.
SM Entertainment has not responded to Billboard‘s request for comment. Baekhyun, Chen and Xiumin have not publicly commented on the matter, either.
Alleged “slave contracts” are a historically sensitive spot for SM Entertainment. In 2009, three of the original five members of boy band TVXQ! asked Korean courts to examine their 13-year contracts, citing extreme length and worries about payment distribution. Over the course of three-plus years of legal battles, singers Kim Jaejoong, Park Yoochun and Kim Junsu won the right to work independent of their SM deals and formed a new boy band named JYJ. By November 2012, the two parties mutually agreed to terminate the SM contracts, which would have expired in 2016 at the earliest.
As a result, South Korea’s Fair Trade Commission created a rule in 2010 that did away with so-called “slave contracts,” requiring entertainment companies to sign individuals for a maximum of seven years initially. Lin Law does not explain how SM could legally surpass the rule.
As members of EXO, Baekhyun, Chen and Xiumin helped lead K-pop’s international expansion with the group’s dual focus on releasing music in both Korean and Chinese. In April 2015, EXO set a new record for the largest sales week for K-pop artists in America at the time when its Exodus album sold 6,000 copies, according to Luminate. It held that record until late 2016.
EXO has scored five No. 1s on Billboard‘s World Albums chart, while EXO-CBX also topped the chart with its debut record Hey Mama! from 2016. All three members have also released solo albums, with Chen releasing a new song, “Bloom,” on May 30 through SM Entertainment. After several EXO members fulfilled their South Korean military duties, the group reunited for the first time in years. SM has confirmed the group would release a new studio album together this year.
Reservoir Media on Wednesday reported that revenues grew by 13% during its most recent fiscal year, as investments in record labels and artists rights in the Middle East added to its growth from acquiring works by North American artists like Louis Prima and Dion.
Reservoir reported $122.3 million in revenue for their fiscal year 2023 ending March 31, driven by a 9% increase in music publishing revenue and an 18% increase in recorded music revenue, both helped by the digital release of De La Soul‘s first six studio albums in early March. The legendary rap trio’s catalog netted 12.5 million U.S. song streams and sold 28,000 albums in its first week streaming, according to Luminate.
Founded in 2007, Reservoir said it grew by 8% organically and finished at the top-end of its financial targets in fiscal 2023 despite a 1%-decline in fourth quarter revenue driven by lower performance, sync and other revenues in its music publishing division, which suffered from a tough comparison to a strong year-ago quarter.
Fourth quarter music publishing revenue of $23.2 million was off 8% from the year-ago quarter when Reservoir benefitted from a one-off event in Dubai. Recorded music revenue in the quarter rose 10% to $10.8 million, in part due to the outsized performance of De la Soul’s catalog.
Reservoir has made investing in emerging markets a key prong of its growth and diversification strategy, and on a call with analysts, Reservoir CEO Golnar Khosrowshahi referred to it as “highly important to our overall strategy … as we work to become the largest holder of Arabic music copyrights.”
With its partner PopArabia, an independent music company headquartered in the United Arab Emirates, Reservoir has acquired stakes in the Egyptian label 100COPIES, the Lebanese label and music publisher Voice of Beirut and signed publishing deals with Egypt’s Mohamed Ramadan, Lebanon’s Zeid Hamdan and Moroccan hip-hop star 7liwa. In January, Reservoir announced signed publishing deals for the catalogs and future works of Indian rappers MC Altaf and D’Evil and the producer Stunnah Beatz.
Funds like Reservoir also grow inorganically through acquisitions of song catalogs, and over its past fiscal year it acquired rights by “the Saxophone Colossus” Sonny Rollins and Dion, best known for “Runaround Sue” and “The Wanderer.”
Reservoir’s chief financial officer Jim Heindlmeyer told analysts that the company expects 6% revenue growth f 9% growth for adjusted earnings before interest, tax, depreciation and amortization for this fiscal year, compared to midpoint of its 2023 guidance ranges.
“Our outlook includes strong top-line growth expectations and margin expansion across our business segments as we continue to see a positive impact on profitability from our strategic acquisitions and benefit from secular tailwinds across the music industry,” Heindlemeyer said.
The U.K. organization Women in CTRL is the second recipient of IMPALA’s Changemaker award, it was announced on Tuesday (May 30). The not-for-profit organization, founded by Nadia Khan, seeks to advance gender equality in the music industry.
Women in CTRL encourages women and non-binary persons to find their strengths, develop their own personal brands and build the tools and confidence to become leaders. The organization runs creative growth programs, community workshops, mentoring, training, organizing events and more.
Women in CTRL also publishes research and reports, such as the “Seat at the Table” report looking at the representation of women, with an intersectional focus on Black women, in the boardroom of U.K. music trade bodies. They also released the “Women in Radio” report looking into the experiences of women in the radio industry to identify the barriers women face.
Women in CTRL has also partnered with AIM and Amazon Music to launch a new apprenticeship program, “Amplify,” which aims to improve access to music industry careers for women and non-binary people.
“It’s an honor for Women in CTRL to be chosen as the second recipient of the Changemaker award,” Khan said in a statement. “This recognition affirms our work, inspires us to continue and highlights the independent community’s collective determination and passion in driving positive change within the music industry. Women in CTRL firmly believe in the transformative power of sharing best practices and learning from the exceptional organizations that IMPALA champions.”
“Women in CTRL is an inspiration to all in the sector who seek to bring change,” Helen Smith, IMPALA’s executive chair, said in a statement. “It’s an honor to be able to showcase their work through our Changemaker Award.”
The Changemaker Award puts the spotlight on projects that champion DEI work (dubbed “equity, diversity and inclusion” in Britain). The recipient is selected yearly by IMPALA’s DEI task force. Launched in May 2022, the award highlights projects that have an impact on the independent music sector. It is presented yearly during European Diversity Month.
The POWER UP initiative was the inaugural recipient last year. Launched in January 2021, POWER UP provides mentoring, support and grants for 40 Black music creators and industry professionals.
IMPALA was established in 2000 and now represents nearly 6,000 independent music companies. IMPALA’s mission is to grow the independent music sector sustainably, return more value to artists, promote diversity and entrepreneurship, improve political access, inspire change and increase access to finance.