Management
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Round Table Management has hired Steve Ford as artist manager/head of artist development, the company announced on Tuesday (Oct. 17). Round Table represents We The Kingdom, Cody Carnes, Kari Jobe and more. With the hiring of Ford, artists Britt Nicole, Ivan Theva, One Common and Jillian Warman will join the firm’s roster of clients. In […]
The escalating legal battle between Coldplay and its former manager Dave Holmes significantly stepped up this month when the band filed a counterclaim lawsuit in the U.K. courts seeking £14 million ($17 million) in damages.
The court filing comes two months after Holmes announced he was suing the four members of Coldplay — Guy Berryman, Jonny Buckland, Will Champion and Chris Martin — for more than £10 million ($12 million) in damages and unpaid commission relating to the band’s yet-to-be-released 10th and 11th studio albums.
Having examined legal papers filed in the U.K. courts on behalf of both parties, here’s Billboard’s rundown of everything we know so far about the acrimonious dispute between Holmes and his former star clients.
Why Holmes and Coldplay fell out after more than 20 years of success together
Although the precise cause of the fallout between Holmes and Coldplay is not detailed in either lawsuit, legal papers filed by the group’s attorneys on Oct. 5 state that the band made the decision to dismiss the manager last summer following “a period of increasing concern” about his conduct. (Holmes’ position as the group’s manager officially came to an end Dec. 31, 2022).
In particular, the four band members allege that Holmes breached his contractual obligations by “failing” to adequately manage costs for the group’s 2022-2023 Music of the Spheres World Tour leading them to suffer “significant financial losses.”
“Unjustified” touring costs
Examples of financial mismanagement cited in the countersuit include spending 10.5 million euros ($11 million) on the construction of 16 bespoke stage pylons and commissioning the manufacture of a bespoke audio-visual “Jet Screen” at a total cost of $9.7 million that was only used for 10 shows in 2022. Another third-party supplier, listed in legal papers as TAIT, was paid $8.8 million to construct staging for the tour.
Coldplay’s attorneys say that those costs were “disproportionate and unjustified” and, as a result of Holmes’ “failing adequately to supervise and control” the tour budget, the band incurred at least £17.5 million ($21.5 million) in costs “which would otherwise have been avoided.”
That version of events is disputed by sources close to Holmes who deny that the former manager was responsible for tour costs overrunning. Instead, people familiar with the situation tell Billboard that many production decisions relating to the Music of the Spheres were made under the guidance of the band’s long-term creative director Phil Harvey, who has co-managed the band since last summer (following Holmes’ exit) alongside Mandi Frost and Arlene Moon.
Live Nation loans
Coldplay’s lawsuit claims that Holmes breached his fiduciary duties by using his association with the act to borrow a total of $30 million in low interest loans from Live Nation to fund a personal property development venture in Canada. The loans were not fully disclosed to the group and, as such, were secured without its informed consent, claim the four members.
Coldplay’s attorneys argue that these loans – set at a fixed annual interest rate of 2.72% – placed Holmes in a potential conflict of interest when it came to securing the best possible deal for his clients from Live Nation.
At the time when Holmes was negotiating a deal with Live Nation in 2021 and 2022 to exclusively promote Coldplay’s Music of the Spheres tour outside of the United Kingdom, the manager owed the touring giant approximately $27 million, the court filing alleges.
In response, the band is asking the courts to grant it access to Holmes’ financial accounts detailing any profits resulting from the low interest loans and the payment of any monies due to them.
The so-called “Albums 10/11 Agreement”
Holmes’ lawsuit against his former clients’ centers around a proposed contract extension (the so-called “Albums 10/11 Agreement”) that he claims Coldplay entered into in 2021 with his California-based management company, DHMC, relating to its yet-to-be-released tenth and eleventh studio albums.
Attorneys for Holmes claim he is owed outstanding commission from record company advances the manager negotiated on the band’s behalf with its label, Warner Music Group-owned Parlophone Records. Those advances totaled £35 million ($44 million) for Coldplay’s 10th album and £15 million ($19 million) each for the group’s subsequent two studio albums.
In return, Holmes received two payments in 2021 of £1.5 ($1.9 million), each equivalent to a 10% commission fee, state the court documents. However, his attorneys claim he is still due outstanding payment from the remainder of the record company advances paid to Coldplay.
Clearing samples, arranging recording sessions and recruiting Max Martin as producer
Holmes’ lawsuit additionally claims he is due payment for “extensive services” his company carried out for the 10th and 11th albums (and related tours) prior to his termination as manager.
These services include arranging writing and recording sessions in Jamaica and London, clearing an instrumental sample from musician Hal Walker, arranging a recording session on a film set in Boston, and liaising with producer Max Martin’s manager to arrange recording and production sessions.
Holmes says his team also worked on planning promotional campaigns, as well as scheduling, marketing, budgeting, sponsorship and ticket pricing for the United States, Asia and Australia legs of the Music of the Spheres World Tour.
Attorneys for Coldplay’s four founding members dispute their former manager’s claim and say that negotiations between the two parties broke down before “any such agreement might have been signed.”
In its defense and counterclaim filing, the band is seeking repayment of £3 million ($3.7 million) paid to DHMC in 2021 as advances for the band’s 10th album.
What Holmes and Coldplay are saying outside of court
On Coldplay’s part, very little. When Holmes’ lawsuit was filed in August a representative for the band confirmed with Billboard that Holmes’ management contract with the four-piece expired at the end of 2022 “at which point they decided not to start a new one. The matter is now in the hands of Coldplay’s lawyers and the claims are being vigorously disputed.” Representatives of the group declined to comment when contacted by Billboard this week about Coldplay counterclaim lawsuit.
Responding to Coldplay’s legal action, which is dated Oct. 5, a spokesperson for their former manager said, “Accusing Dave Holmes of non-existent ethical lapses and other made-up misconduct will not deflect from the real issue at hand: Coldplay had a contract with Dave, they are refusing to honor it and they need to pay Dave what they owe him.”
The matter will now proceed through the U.K. courts unless a settlement can be reached.
Yng Lvcas has signed an alliance with OCESA Seitrack, in partnership with Laele Records, to manage his career worldwide, Billboard can exclusively announce on Monday (Oct. 9). The rising Mexican artist, known for his breakthrough track “La Bebe (Remix)” in collaboration with Peso Pluma, was a six-time finalist at the 2023 Billboard Latin Music Awards. […]
The Core Entertainment, known for its work with artists including Billboard’s 2023 country rookie of the year winner Bailey Zimmerman, as well as Nickelback and Nate Smith, has launched a new producers management division, with a focus on guiding the careers of emerging writer/producers.
Founded by The Core Entertainment’s Kevin “Chief” Zaruk and Simon Tikhman, the new producer management division will be led by Tim Crane.
The new venture launches with Zimmerman’s producer Austin Shawn, as well as writer-producer Marty James and Josh Ross’s producer Matt Geroux.
Shawn, a writer/producer/mixer/engineer who worked on Zimmerman’s Religiously: The Album, has spent 11 weeks atop Billboard’s Hot Country Producers chart, for his work on Zimmerman’s three No. 1 Country Airplay singles “Fall in Love,” “Rock and a Hard Place” and “Religiously.” His credits also include Chase Matthew’s breakthrough song “County Line.”
Geroux produced Ross’s single “Trouble,” which topped the Canadian Country Radio Chart, and debuted at No. 43 on Billboard’s Hot Country Songs chart earlier this year. Another Geroux-produced song from Ross, “On a Different Night,” was nominated for single of the year at the 2023 Canadian Country Music Awards.
Meanwhile, James is credited as a co-writer on the Luis Fonsi and Daddy Yankee (feat. Justin Bieber) song “Despacito,” which spent 16 weeks at No. 1 on the Billboard Hot 100 in 2017. James also co-wrote Zimmerman’s “Religiously,” with other credits including songs from Enrique Iglesias, Wiz Khalifa and Christina Aguilera.
“The idea behind creating this division is to work with the most talented writers and producers that are not afraid to push the boundaries of music,” the company’s co-founders/CEOs Tikhman and Zaruk said in a joint statement. “With Austin, Marty and Matt, they have all shown exactly that. They challenge artists to be the best they can be, while maintaining their visions and the integrity of the songs. The goal here is to work with producers around the globe that touch every genre of music and continue to disrupt the industry with their unique artistry.” The Core Entertainment launched in 2019 as an artist management company in partnership with Live Nation, with a roster including Zimmerman, Nickelback, Smith, Ross, Dillon James and Valley. In July, Zaruk and Tikhman launched The Core Records, via a separate partnership with Universal Music Group; The Core’s producer management division operates as a third standalone team.
There is consistency in an ever-changing industry — and there is what Rod Wave has been doing over the past three years. This week, his latest album, Nostalgia, debuted at No. 1 on the Billboard 200, making the Florida-based rapper and singer just the second artist to land three new albums at No. 1 on the Billboard 200 in the past three years, joining Taylor Swift. And it wasn’t a near thing — Nostalgia’s debut was Wave’s biggest first week of his career, with 137,000 equivalent album units, according to Luminate.
Being in the company of Swift is an achievement for anyone. But Rod Wave has always done things his way, with minimal press and minimal features on each release and, while he placed all 18 songs off Nostalgia on the Hot 100 this week, he’s had success largely with his complete bodies of work, as none of his Hot 100 chart entries have cracked the top 10 of the chart. It’s a relatively unconventional way to navigate today’s increasingly singles-driven music industry — and it helps earn his manager, co-head of Hit House Entertainment Dereck Lane, the title of Billboard’s Executive of the Week.
Here, Lane talks about the consistency of execution that has helped get them to this point. “Yes, Nostalgia is our standout album,” he says, “But we didn’t change the approach that we take when it comes to the music.”
This week, Rod Wave’s Nostalgia debuted at No. 1 on the Billboard 200. What key decision did you make to help make that happen?
The key to Rod’s success is his team. We’re grass rooted. Yes, Nostalgia is our standout album, but we didn’t change the approach that we take when it comes to the music.
This album also came in with his biggest week yet. How did you approach the rollout of this differently than other projects?
You’re in the industry so I’m sure you know that Rod doesn’t do a lot of album promo. The whole team felt that this album was definitely a special one. With that being said, I pushed him to do as much promo as possible to make sure we got the word out while also continuing to maintain and stay true to himself.
This is his third No. 1 album in the last three years, making him one of just two artists to have a new No. 1 album in each of the past three years, alongside Taylor Swift. How have you worked to build his career over that period to achieve something like that?
I’ve always told Rod from the beginning to maintain his integrity as an artist. As long as you stay true to yourself you’ll build genuine, long-lasting core fans. I feel when artists try to go with the new wave or fad they lose who they really are and, in return, lose fans. This business is all about the fans.
In a music business that’s often very singles-driven, Rod Wave has succeeded most through his albums, which is increasingly rare these days. Why do his albums work so well, and how do you make sure that you maximize their impact?
The key word is substance. Rod writes about life experiences. The good, the bad and the ugly. We aim to make real, timeless music that everyone can resonate with.
How has the music industry changed over the course of your time in the business?
I could take up the next couple hours answering this question. But let me say this: I have people in high places in the industry calling asking me for favors. But like Rod said on “Long Journey”: “Dear God, I thank you for everything you gave to us.”
Last Week’s Top Executive: Sandbox Entertainment’s Leslie Cohea
For 2023, Billboard introduces the Latin Power Players Choice Award, a peer-voted accolade chosen by Billboard Pro members to honor the executive they believe has made the most impact across the Latin music business over the past year. After three rounds of voting, Billboard Pro members have chosen Walter Kolm, founder and CEO of WK […]
Magnus Talent Agency, the agency division of Marc Anthony and Michel Vega’s company Magnus, has acquired the booking and management division of Tomas Cookman’s Industria Works.
Moving forward, Spain-based Industria Works’ staff and global roster will join MTA’s Miami-based team at Magnus, with five new staff members joining MTA, and for a total of 25 artists on its roster.
MTA’s original roster includes Marc Anthony, Fonseca, Gente de Zona, Il Volo, Micro TDH, Mau y Ricky and Bacilos, among others. Now, it will incorporate artists such as Trueno, Love of Lesbian, Paula Cendejas, Villano Antillano, YSY A, Maikel Delacalle, Nicola Cruz and YADAM, which Industria Works currently books for shows and tours in Europe and Latin America.
Industria Works founder Tomas Cookman, who also owns Nacional Records and founded the Latin Alternative Music Conference, will continue to play a leadership role within the new partnership.
“I’ve known and admired Tomas for over twenty years and we share the same passion for excellence in talent representation,” said Michel Vega, CEO of Magnus, and who originally founded the company with Marc Anthony. “This new partnership is an important step in our international expansion and will provide a crucial local presence and expertise in the European market and beyond, all in the name of continuing to provide top of class service to the careers of iconic and soon-to-be iconic artists.”
Cookman says he opted not to have a title in the new venture, “but I am involved in building this with Michel on a day-to-day basis (along with my other ventures) as always. I have always considered Michel Vega a friend – and am now proud to call him a partner. We are excited for the opportunity to join forces with a solid team to maximize opportunities and bring a truly global booking and management experience to our combined artist roster. I am a believer in the power of teamwork and Michel and Marc have created a solid foundation to continue building upon.”
Industria Works’ current head of Spain, Agustin Lopez, will lead the Madrid-based office and overall Spain team. Other Spain-based team members, Ulia Moreno, Patricia Zavala and Alicia Toboso, have also joined MTA and will continue to work out of Madrid and Barcelona.
The acquisition will give MTA added presence in Europe and it will also diversify its roster. At the same time, Industria Works will benefit from MTA’s infrastructure and its presence in Miami, the epicenter of Latin music.
“Tomas is coming on board to help us grow the agency in the future by leveraging his extensive network of contacts, vast experience in artist representation, independent thinking and entrepreneurial spirit,” added Vega.
Cookman will continue to oversee both Nacional Records and the LAMC, which are not part of the deal.
Loud and Live founder and CEO Nelson Albareda has always carried tropical music in general and salsa in particular, deep inside him. A die-hard fan of Cuban salsero Willy Chirino, he also worked closely with salsa queen Celia Cruz and, through Loud and Live, represents the Celia Cruz estate today.
Now, Albareda is on a quest to elevate and grow the music with which he started his career. As he’s been saying for months, tropical music is having a moment. This week, via his powerhouse promotion and entertainment company, Albareda put his money where his mouth is and signed an exclusive booking agreement with developing salsa star Christian Alicea.
Loud and Live already books major tropical music names like Carlos Vives and Juan Luis Guerra. But the Alicea deal is different in that in addition to booking Alicea’s concerts, Loud and Live will also work in partnership with his management team to support marketing and promotional endeavors surrounding the artist and his music.
Although Alicea has just one album under his belt — Yo, released this past May — he has already placed two tracks in the Top 25 of Billboard’s Tropical Airplay chart. This week, a third single, “Aroma,” is at No. 15 on the list.
“Christian is an exceptionally talented young man who, because of his humility, charisma and spectacular and unique voice, we are confident that he will conquer and lead the tropical genre worldwide for many years to come,” said Albareda in a statement.
The partnership, says Alicea’s producer, Urales ‘Dj Buddha’ Vargas, is “the icing on the cake. For us, having someone like Nelson see the vision and the potential of Christian means a lot.”
As Latin music’s focus has slowly shifted from solely reggaetón in the past year, other genres are beginning to rise on the charts. While regional Mexican music undoubtedly leads the fray, pop is also seeing a resurgence, and tropical music — long focused on legacy acts — is finally seeing a smattering of new names, including Luis Figueroa, teenager Luis Vazquez, and, of course, Alicea.
Rosalía has a new manager.
The Spanish superstar has signed with Jaime Levine of Seven Mantles for global management, sources tell Billboard. Rosalía was previously managed by Rebecca León of Lionfish Entertainment, with whom she parted ways this past February after a five-year relationship.
Levine spent over a decade managing global superstar Shakira but recently transitioned from management into a senior advisor role for the Colombian star on ongoing projects, sources say. By all accounts, the two continue to have an amicable professional and personal relationship. Shakira, who was named Billboard’s Woman of the year during the first-ever Billboard Latin Women In Music event in May, is currently recording a new album and planning a new tour for 2024. She is slated for a star Q&A at Billboard’s upcoming Latin Music Week.
Rosalía’s albums have earned a combined 747,000 equivalent album units in the United States, according to Luminate, with 880 million on-demand official streams across her catalog, 84,000 albums sold and 98,000 song downloads.
She also has seven entries on the Billboard Hot 100, the latest of which — “Beso” with Rauw Alejandro — is her highest-charting there, peaking at No. 52. She also has 21 entries on Hot Latin Songs, including seven top 10s; 10 entries on Latin Airplay, of which eight reached the top 10 and seven hit No. 1. Her 2022 release, Motomami — her third studio album — ruled Latin Pop Albums for 25 weeks, making it the longest-leading Latin Pop set this decade. The album earned Rosalía her first and only entry on the Billboard 200, debuting and peaking at No. 33 in April 2022; it also received the Latin pop album of the year award at the Billboard Latin Music Awards.
Rosalía was poised to launch her international tour at the time of her split with León, with stops at major festivals including Coachella and Lollapalooza Chile and Argentina. The Spanish star continued successfully with her touring plans, amidst much speculation about who would eventually take over as her manager.
Rosalía’s Motomami tour, her first-ever global trek, included 66 performances in 21 countries across three continents. The “Saoko” singer performed to nearly two million people around the world, according to a press statement. The tour ended with a July 22 performance at Lollapalooza Paris, where Rosalía gave an emotional speech.
“The blessings that Motomami has given me are endless,” she told a crowd during the tour. “Many of you discovered me thanks to this project, thanks to this album. I’m so thankful to all of you. I don’t know what the next chapter will look like, there are some ideas but I don’t know. Only God knows.”
Demi Lovato has a new manager. The superstar has signed with Brandon Creed and his newly-launched firm Good World Management. At the end of August, Billboard broke the news that Lovato had parted ways with Scooter Braun‘s SB Projects in July. Lovato signed with Braun and his SB Projects firm in 2019. She was previously […]