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SM Entertainment Shares Soared 14% This Week as Markets Fell

The battle for control of K-pop company SM Entertainment has been a boon for its shareholders. SM’s stock rose 14.4% this week to 147,800 won ($111.95) after Kakao launched a tender offer to seek a 35% stake at 150,000 won ($113.62) per share. Korea’s largest music company, HYBE, previously sought to acquire up to 40% of SM shares at 120,000 won ($90.89) per share. Its tender offer largely failed, however, with HYBE’s stake increasing just 1% — from 14.8% to 15.8% — as investors held out for a better offer.

SM was one of just three stocks in the 20-company Billboard Global Music Index to be in positive territory this week. Abu Dhabi-based music streamer Anghami rose 5.5% and German concert promoter CTS Event rose 1.5%. The overall Global Music Index declined 3.9% to 1,192.56.

Shares of Spotify declined 1.7% to $121.67 this week after it unveiled a slew of new product features at its annual StreamOn event on Wednesday. The company announced it has already surpassed the 500 million monthly active user target for the first quarter with an entire month remaining.

In the U.S., the Dow index fell 1.1% and the S&P 500 declined 1.5%. The big news in the financial markets on Friday (March 10) was the closure of Silicon Valley Bank, the country’s 18th largest bank with assets of nearly $213 billion, according to the Federal Financial Institutions Examination Council; it was a major player amongst the region’s tech companies and venture capital firms. It’s the second-biggest bank failure in U.S. history behind Washington Mutual at the height of the 2007-08 financial crisis. The Federal Deposit Insurance Corporation was appointed SVB’s receiver on Friday and will give insured depositors access to their funds no later than Monday.

The U.K.’s FTSE 100 Index declined 1.7%, Japan’s Nikkei 225 index declined 1.7% and Korea’s KOSPI index declined 1.0%. 

Luke Combs Has ‘Gone’ to No. 1 on Country Airplay Chart for a 15th Time

Luke Combs banks his 15th No. 1 on Billboard’s Country Airplay chart as “Going, Going, Gone” leads the list dated March 18. In the tracking week ending March 9, it gained by 1% to 33.5 million audience impressions, according to Luminate.

Combs co-authored the song with Ray Fulcher and James McNair and co-produced it with Chip Matthews and Jonathan Singleton.

On the streaming-, airplay- and sales-based Hot Country Songs chart (dated March 11), “Gone” ranked at No. 6, after hitting No. 5 in January. It drew 9.1 million official streams and sold 2,000 downloads in the United States Feb. 24-March 2.

“Gone” is from Combs’ River House/Columbia Nashville LP Growin’ Up, which launched at No. 1 on Top Country Albums, becoming his fourth leader, last July. On March 24, Combs will release his new 18-song set, Gettin’ Old.

“Gone” follows Combs’ “The Kind of Love We Make,” which rose to No. 2 on Country Airplay in September. Before that, the North Carolina native rattled off a record 14 consecutive career-opening No. 1 singles on Country Airplay, from “Hurricane,” which dominated for two frames starting in May 2017, through “Doin’ This,” which led for a week in May 2022.

‘Wild’ Ride

Corey Kent lands his first Country Airplay top 10 with his first entry on the chart, “Wild as Her.” It lifts 12-10 after increasing by 6% to 18.6 million in audience.

Born in Bixby, Okla., Kent competed on NBC’s The Voice in 2015 (as Corey Kent White). He signed with Sony Music Nashville’s RCA division last July.

Forever Young

In its 68th week on Country Airplay, Brett Young’s “You Didn’t” rises 13-12 for a new high (16.8 million, up 1%) and rewrites the record for the longest stay on the survey.

The song, which Young co-wrote, debuted at No. 60 on the chart dated Dec. 4, 2021, and passes Travis Denning’s “After a Few,” which spent 67 frames on the list. Denning’s lone No. 1 so far reached the summit in its 65th week in June 2020.

In third place, Michael Ray’s “Whiskey and Rain” spent 66 frames on Country Airplay, hitting No. 1 in January 2022 (also in its 65th frame, tying Denning’s record ascent to the top).

Notably, the 20 longest runs on Country Airplay have all occurred since 2020.

Breaking ‘News’: The National Back Atop Adult Alternative Airplay Chart

The National is No. 1 on Billboard’s Adult Alternative Airplay for the first time since 2017 thanks to “Tropic Morning News,” which rules the ranking dated March 18.

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“News” is the Matt Berninger-fronted band’s second Adult Alternative Airplay leader. It follows “The System Only Dreams in Total Darkness,” which reigned for seven weeks beginning in August 2017.

In between, the group charted five entries on Adult Alternative Airplay, with three top 10s in that span, paced by the Bon Iver-featuring “Weird Goodbyes” (No. 6 last November).

Concurrently, “News” bullets at No. 31 on Alternative Airplay, having hit No. 28 two weeks earlier. It’s the veteran rockers’ highest-ranking song yet, surpassing the No. 33 peak of “Darkness” in 2017.

On the all-rock-format, audience-based Rock & Alternative Airplay chart, “News” pushes 27-25 with 1.3 million audience impressions, a gain of 4%, March 3-9, according to Luminate. That’s also the band’s career best, outperforming “Darkness” (No. 29).

“News” is the lead single from First Two Pages of Frankenstein, The National’s ninth studio album. Due April 28, it features guest spots from Taylor Swift, Phoebe Bridgers and Sufjan Stevens. Its predecessor, I Am Easy to Find, debuted and peaked at No. 2 on Billboard’s Top Alternative Albums chart in June 2019 and has earned 144,000 equivalent album units since its release.

All March 18-dated Billboard charts will update on Billboard.com Tuesday, March 14.

Selena Gomez Reflects on Body-Shaming After Lupus Diagnosis: ‘Nobody Deserves to Hear Those Things’

Selena Gomez sat down for the newest episode of the Apple TV+ series Dear… on Friday (March 10) to discuss her experience with lupus and body-shaming trolls.

The superstar explained that after she was first diagnosed with the disease, she “didn’t quite understand what that meant” at the time. “I knew I had an autoimmune disease, it was just my body fighting itself on the inside,” she said. “And that was the most surreal part because I had never felt fatigue, I was young, I felt completely fine. So hearing from a doctor that, ‘Oh, you could’ve had a stroke onstage, you could’ve died,’ it was a lot.”

As a side effect of the medications she was prescribed for lupus, Gomez’s weight would often fluctuate, and she found herself being attacked online over her body and physical appearance. “It was like they couldn’t wait to find a thing to bring me down,” she said. “I lied. I would go online and post a picture of myself and I would say, ‘It doesn’t matter. I’m not accepting what you’re saying,’ all the while being in the room posting that crying my eyes out, ’cause nobody deserves to hear those things.”

During the episode, the Selena + Chef star also looked back on her 2017 kidney transplant, which she received from her best friend Francia Rasia. “I will never, ever, ever be more in debt to a person than Francia,” she said. “The idea of someone not even second-guessing to be a donor was unbelievably overwhelming. … I think it had to happen the way that it did. In order for me to get to where I am, I was meant to go through it to do something for others.”

Gomez just returned to social media this week after taking a brief break in the wake of perceived drama with Hailey Bieber. “Please, please be kinder and consider others’ mental health,” she shared on TikTok. “My heart has been heavy and I only want good for everyone. All my love.”

The singer’s episode of Dear… is now streaming on Apple TV+.

Kris Jenner Is the Ultimate ‘Mother’ in Meghan Trainor’s New Music Video

Meghan Trainor dropped her “Mother” music video on Friday (March 10) and, of course, she took Hollywood’s most famous mom along for the ride.

In the Charm La’Donna-directed clip, Kris Jenner appears in a blonde ‘do wearing a stunning white gown, surrounded by dancers in suits, channeling a Marilyn Monroe “Diamonds Are a Girl’s Best Friend” inspired scene. “I am your mother /You listеn to me / Stop all that mansplainin’ / No one’s listening,” the momager sings along to the female empowerment anthem, which samples The Chordettes‘ classic, “Mr. Sandman.” Jenner then joins Trainor, both rocking velvet dresses with sparkling details, musing the lyrics as they dance along to the beat.

Jenner is mother to Kourtney, Kim, Khloe and Rob Kardashian as well as Kendall and Kylie Jenner. Trainor, meanwhile, is expecting her second baby with husband Daryl Sabara, two years after welcoming their son Riley. She even shows off her ultrasound in the music video.

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The “All About That Bass” musician’s experiences being pregnant with and giving birth to Riley will serve as the focus of Dear Future Mamas, her upcoming book that will also include “TMI real talk” about body image, the newborn days and more.

Watch Trainor’s “Mother” music video below.

Triller Sees Opportunity As Congress Presses Its Foreign Competition

This article was written in paid partnership with Triller.

Triller, the U.S.-based answer to foreign social media video sharing services, is poised to have a big 2023. The startup first rose to prominence in 2020, as it made headlines for producing blockbuster pay-per-view boxing matches as well as launching careers for a slew of up and coming combat sports athletes. Beyond its emphasis on sports promotion, the company was also embraced by many creators in 2020 as its China-based competitor faced increasing hostility from Congress and former President Donald Trump. While its competition readies itself for its first-ever testimony before Congress later this month, the future couldn’t look brighter for Triller, who is currently on the cusp of being publicly traded on the NYSE under the ticker symbol “illr.”

For Triller Executive Chairman and Owner Bobby Sarnevesht, the company’s success is due in no small part to the fact that it’s the only big tech company that isn’t owned by big tech. “Our primary stakeholders are the artists and the influencers themselves,” Sarnevesht says. “What people don’t understand is that we aren’t just ‘for the artists,’ we are the artists.” With a string of celebrity endorsements spanning social media, music, sports, and more, Sarnevesht claims that Triller might be “the largest creator owned company ever to exist.”

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While Triller does see itself as a bold competitor to other video sharing social media platforms, it does not define itself as such. “A lot of people came rushing onto Triller a few years ago when Trump first brought up the idea of a ban [on the foreign competition],” Sarnevesht says. “We definitely leaned into that…but that is not who we are, that is not how we define ourselves.”

Sarnevesht knows first hand how hard it is to build an audience on social media, and prides himself on Triller’s creator-first positioning. “I hear daily horror stories about hard working artists who spent the last three years building their following – whether it’s to 5,000, 500,000 or 50 million people – only to wake up and find that [their platform] is literally blocking them from marketing to their own audience if they don’t pay [them]. [These platforms] put up a paywall where they actually block you from posting to all your own users without paying for…access [to] them,” Sarnevesht says.

On Triller, Sarnevesht explains, companies are set up to actually give the creator direct ownership of the relationship with their followers and maximize their revenue. “That’s why our products like Cliqz, our SMS app for influencers, get over a 70% open rate and an unheard of over 30% click through rate,” Sarnevesht says. “Creators literally can make 10x or more on Triller [than] they can on any other platform.”

Triller alleges to be majority owned by actual artists, influencers, and talent who in turn can maximize engagement with their followers and take home more revenue versus other platforms where big tech takes the lion’s share. According to Sarnevesht, the company’s “secret sauce” lies in its use of AI. “Triller at its core is an AI company. Its base of AI comes by way of an acquisition approximately two years ago [when Triller bought AI startup] Amplify.AI,” Sarnevesht says. Sarnevesht and team refer to Triller’s Conversational AI system as “ChatGPT for Brands,” claiming that to date, the technology has enabled over 20B conversations with more than half a billion users. “While others are just discovering ‘ChatGPT’ and trying to find some AI angle for valuation purposes, Triller literally is built on AI and always has been,” Sarnevesht says.

Ahead of what could surely be the brand’s biggest year to date, Sarnevesht and team have launched a custom social media converter for creators to transfer their entire video sharing accounts, including usernames, to Triller. “This is our coming out party,” says Sarnevesht. “Transfer your [other accounts] now.”

For Sarnevesht and team, Triller isn’t just a social media app but an entire creator ecosystem unto itself. According to Sarnevesht, Triller has conducted 10 acquisitions since 2020, making it more than a single app but a marketplace setup to allow influencers to, as Sarnevesht puts it, create the best content and share it as broadly as possible across all other social media networks while retaining control of their own users and maximizing what they can make.

Keep your eye on this space for more from Triller and Sarnevesht.

Adriana Rios, Becky G & More: What’s Your Favorite New Latin Music Release? Vote!

This week, our New Music Latin roundup — a compilation of the best new Latin songs, albums and videos recommended by the Billboard Latin and Billboard Español editors each week — is powered by new music from Nicki Nicole, Laura Pausini and Adriana Rios, to name a few.

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The list highlights six new singles by a female artist or featuring a female artist in honor of Women’s History Month including Nicole’s “NO voy a llorar :’),” a deeply personal and uncanny track about heartbreak and disappointment; Pausini’s “Un buen inicio,” an empowering pop ballad that’s a testament to the Italian artist’s resilience, as she talks about leaving behind the memories of the past that used to leave her scars and focusing on the future; and Mexican newcomer Rios “¿Dónde Están?” where she poured her heart out in a corrido-ranchera fusion that she penned in remembrance of the victims of femicide in Mexico and around the world.

Also featured is “Tú y Tú,” Los Angeles Azules latest track in collaboration with Argentina artist Cazzu and Mexican rapper Santa Fe Klan—the former delivers a truly mesmerizing take, where she melodiously demonstrates her capabilities to extend beyond the música urbana format with grace and galore.

In an extended playlist, Billboard included other new Latin noteworthy releases including Becky G’s “Arranca” with Dominican artist Omega, Dalex’s return to music with “Bora Bora,” and Mariah Angeliq’s “Ricota,” to name a few. What’s your favorite new Latin music release this week? Vote below!

Listen to the complete playlist here

6 Most Inspiring Moments From ‘Bono & the Edge: A Sort of Homecoming With Dave Letterman’

U2‘s Bono and The Edge took David Letterman on a musical and personal journey around their hometown of Dublin, Ireland, for the upcoming Disney+ documentary Bono & The Edge: A Sort of Homecoming, With Dave Letterman.

The film, advertised as “part concert movie, part travel adventure plus a whole lot of Bono and The Edge, with Dave’s humor throughout,” does exactly that, as Letterman navigates the origins and cultural impact of U2.

Directed by Academy Award winner Morgan Neville, the documentary will debut March 17 on Disney+ and showcase Bono and The Edge‘s special concert performance in Dublin.

Billboard checked out the heartwarming documentary, and we’ve compiled some of the best, most impactful moments from Bono & The Edge: A Sort of Homecoming, With Dave Letterman. See them below, and be sure to sign up for Disney+ here before the film’s release.

U.S. Recorded Music Growth Slowed to a Crawl in 2022

The U.S. recorded music business posted its seventh consecutive year of growth in 2022 as the industry continues to benefit from streaming services such as Spotify, Apple Music and YouTube. After spending most of the last two decades in a painful freefall — piracy devastated CD sales and the download-driven unbundling of the album didn’t make up for it — the recorded music business has enjoyed a great run. Last year, paid subscription revenues surpassed $10 billion for the first time, according to the RIAA, and overall revenues reached $15.9 billion.

Here’s the bad news: Last year’s growth, in terms of both dollar and percentage increases, was the lowest since 2016, when the recorded music business started to recover from a 15-year downturn. Happy days may be here again, but they’re not getting happier like they were.

Total recorded music revenues grew 6.1%, but that’s about a quarter of 2021’s 23.2% gain. Paid streaming revenues improved 7.2% in 2022, a third of the 22.2% growth in 2021. It was the first time that this segment’s growth rate fell into the single digits since 2010. That year paid streaming revenues rose just 2.9% to $212 million. Over the next decade, as annual paid streaming grew to 57.8% of total recorded music revenue in 2022, the segment’s annual growth often exceeded 50% and fell below 20% only twice.

Ad-supported streaming’s revenue growth rate also fell into the single digits, also for the first time in more than a decade. Slowed by an advertising malaise that has also affected companies ranging from Alphabet to iHeartMedia, streaming services’ advertising royalties to record labels grew 5.6% compared to 44.4% in 2021 and 16.8% in 2020. In dollar terms, last year’s revenue growth was the lowest since 2015.

The slowdown shouldn’t catch anybody by surprise given the industry’s reliance on streaming, subscription services’ unwillingness — until recently — to raise prices and a finite number of potential customers. The problem comes down to basic math: Fees from subscription services accounted for 57.9% of recorded music revenues in 2022. At just 2.4% of total revenues, a high-growth segment like synchronization barely moves the needle despite rising 24.8% in 2022. Vinyl sales were strong once again — up 17.2% — but accounted for just 7.7% of total recorded music revenues.

Up-and-coming revenue streams such as TikTok, Facebook and Instagram are just that — not yet ready to deliver meaningful royalties despite their popularity. Their revenues are included in the ad-supported streaming bucket that increased just 5.5% in 2022. TikTok faces high expectations but large uncertainty, too, as it faces pressure from politicians at the state and federal level that could reduce its importance. In addition, the company has installed parental controls that are likely to reduce engagement and further reduce its potential value to artists and labels.

A positive trend is subscription services’ decisions to raise prices on individual and family plan tiers. In 2022, Apple Music, Amazon Music and Deezer raised prices in the U.S. Spotify has not yet announced a price hike for standard subscription plans but has hinted it will follow suit in 2023. Labels are eagerly awaiting Spotify’s move. “We are the lowest (cost) form of entertainment,” Warner Music Group CEO Robert Kyncl said Thursday. “We have the highest …engagement, highest form of affinity and lowest per-hour price. That doesn’t seem right.”

Globally, the situation looks better. The industry in China, the world’s most populous country, is flourishing thanks to streaming companies such as Tencent Music Entertainment and Cloud Music. In Japan, the world’s second-largest recorded music market, streaming revenues increased 125% in 2022, according to the RIAJ. At Spotify, which operates in 184 markets, revenue increased 21.3% in 2022 to 11.7 billion euros ($12.4 billion), with about equal growth rates from paid and ad-supported streaming. Annual revenues of two smaller streaming companies, Europe-focused Deezer and MENA-focused Anghami, grew 13% and 36%, respectively.

In the U.S., a maturing streaming business alone cannot maintain the breakneck pace of the last seven years. Labels will need more than the status quo to return to double-digit growth.

10 Outstanding Side Projects in Latin Alternative Music

Side projects are an exciting component in music, because they offer fans the chance to immerse themselves in disparate sounds from their favorite acts that can be just as captivating as (or fascinatingly contrasting with) their primary outfits. The results may be unpredictable, but they let certain members of a group dive into sounds that might’ve not fit in their original band. Or they may be an extension of the riveting experimentation that already took place in their initial project, but with more emphasis on other instruments or styles.

Enter the electo pop-rock enigma of Astronomía Interior (AI): an electrifying mix of digital configurations that seem to radiate somewhere in outer space. It’s the latest side project of two Zoé bandmates — but this time, Jesús Báez and Ángel Mosqueda joined forces to release songs that “at times seemed to come from another world or a distant future,” as they describe. The duo released their eponymous debut album in January through Universal Music Mexico, and will perform at Vive Latino on March 18.

This is not the first time that members of Zoé have explored on their own. Frontman León Larregui continues to navigate his solo side with great success since Solstis (2012) and Voluma (2016). On Friday (March 10) the singer-songwriter releases his second set of two singles: “Chromocismic Ave,” a multilingual track with psychedelic touches, and “Holidays,” a gentle coo with guitar arpeggios, both from his upcoming album Prismarama due out later this year. (The band’s former drummer, Siddhartha, has also enjoyed a fruitful career on his own.)

Other prominent bands such as Maná have seen their members Sergio Vallín and Alex González launch side projects, and Gustavo Santaolalla, one of Latin America’s most important Latin rock producers, created a fascinating electronic tango project with Bajofondo, while also composing for film and more recently for the world of video games.

Side projects are defined by their inclusion of one or more artists who are primarily known for their participation in another group, such as Jay de la Cueva or De La Tierra, for example. They can also be an artist or band that temporarily and/or radically changes style – like HopPo! or Terri Gender Bender. Sometimes, those initiatives become bigger than what the artist anticipated, as in the case of Kumbia Queers, a rowdy troupe of punks who came from separate independent music projects.

Without further ado, here are 10 outstanding Latin music side projects of the last decade (in alphabetical order).