Publishing
Page: 34
Reservoir Media’s revenues rose and profit margins expanded last quarter, as the strength of its music publishing business helped offset a $4 million net loss, the company reported Wednesday (Feb. 8).
Reservoir reported that its top-line revenues rose by 16% to $29.9 million for the third quarter of its fiscal year 2023, which ended Dec. 31. The main drivers of that jump were the music publishing division, where revenues of $22 million jumped 14% from a year ago on strong digital streaming revenues, and Reservoir’s small artist management business, which delivered a year over year revenue increase of more than 200% from touring and merchandise sales at live events.
Reservoir founder and chief executive Golnar Khosrowshahi said the firm, which recently bought Dion‘s catalog and signed publishing deals with popular Indian rappers MC Altaf and D’Evil, has $2.3 billion in prospective catalog acquisition deals in its pipeline.
“We will continue to benefit from the overall momentum in the music industry,” Khosrowshahi said on a conference call discussing the quarterly results. “We are approaching the last fiscal quarter of the year with confidence.”
Reservoir raised its guidance for the fiscal year 2023, which ends March 31, for the second straight quarter. Executives said they now expect to report full-year revenue in the range of $120 million to $122 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the range of $46 million to $47 million.
The company reported that its adjusted EBITDA for the third quarter rose 24% to $10.9 million.
“While we are happy with our continued strength in the top line and operating margins, we did experience some pressure on the bottom line due to elevated costs during the quarter,” said Reservoir CFO Jim Heindlmeyer during the earnings call.
Reservoir reported a net loss of $4.1 million, stemming from a one-time non-cash tax expense related to the higher U.K. tax rate for 2023 and the extinguishment of some existing debt. That resulted in a diluted loss of 7 cents for the quarter compared to earnings of 2 cents per share for the quarter.
Depreciation and amortization costs also rose due to catalog acquisitions, while company administration expenses rose 19%, mainly due to Reservoir’s expanding management business division.
In the recorded music division, Reservoir reported revenue of $7.6 million, up just 1% over last year. While digital revenues in the division rose 17% to $5.3 million, declines in physical and synchronization revenue resulted in roughly flat growth year over year.
Zach Bryan, whose “Something In The Orange” reached No. 1 on Billboard’s Hot Country Songs and Hot Rock & Alternative Songs charts, has signed a worldwide publishing deal with Warner Chappell Music. Warner Chappell declined to disclose terms of the deal.
Bryan, who is signed to Warner Records, has broken through as one of the brightest new artists of the past few years, including being named Billboard’s Top New Country Artist of 2022.
Los Angeles-based David Goldsen, WCM head of A&R, Australia and vp of creative, signed Bryan. “Zach is a truly generational songwriter and that was obvious from the first time I heard his music. Those songs then, along with countless more since, resonate with everyone who hears them. He’s a natural storyteller with an innate ability to write songs that are unapologetically raw and vulnerable. In a short amount of time, he’s captivated fans of all music, and we’re beyond lucky and thrilled to work with him.”
Goldsen began courting Bryan some time ago. “I’d like to personally thank David and the team over at Warner Chappell. I was just a confused kid in the Navy four years ago and they were the first people I talked to in the industry, literally,” Bryan said in a statement. “They never pushed a four-man writing team on me, they never asked me to do anything I didn’t want to do, they just believed in me. I owe them more than just support, I owe them back the faith they had in me as a barely 23-year-old Oklahoma kid walking around New York like a sore thumb.”
Bryan’s major-label debut, American Heartbreak, came out in May with Bryan penning all 34 songs by himself. It debuted atop Billboard’s Top Country Albums chart and hit No. 5 on the U.S. Billboard 200 chart. According to Warner Chappell, he has surpassed one billion global streams.
“Zach has already had a record-breaking start to his career and there’s so much more to come,” said Warner Chappell Music president of North America Ryan Press. “He isn’t afraid to do things differently, and it’s been incredible to see him become such a positive force in the industry and reshape how singer/songwriters release music. This is a huge moment, and we’re very proud to be on this journey together as he continues to carve out his own path.”
Bryan’s Burn Burn Burn North American Tour kicks off May 10 at John Paul Jones Arena in Charlottesville, Va.
Hipgnosis Song Management has bought 100% of Tobias Jesso Jr.‘s interest in his publishing, including the writer’s share of performance, for 40 of his songs. All tracks included in the deal were released between 2015 and 2020, including “When We Were Young” by Adele, “Slow Hands” by Niall Horan, “You Get My Love” by P!nk, “If You Leave Me Now” by Charlie Puth, “Hallelujah” by Haim and “Malibu Nights” by LANY, as well as several songs Jesso released himself.
News of the deal arrives on the heels of the Grammys, where Jesso made history as the first person to win in the new Songwriter of the Year category. He was awarded the prize based on his extensive impact on pop music in the last year, penning songs like “Boyfriends” by Harry Styles, “Can I Get It” and “To Be Loved” by Adele, “Careless” by FKA Twigs, “C’mon Baby Cry” by Orville Peck, “Dotted Lines” by King Princess, “Let You Go” by Diplo and TSHA and “No Good Reason” by Omar Apollo. None of these songs are included in the Hipgnosis deal.
Hipgnosis Songs Capital is an investment vehicle established by Hipgnosis in conjunction with Blackstone. In October 2021, the New York-based private equity firm pledged $1 billion to further investment in music IP and holds a majority stake in the venture. HSC is considered separate from Hipgnosis Songs Fund, the London-listed acquirer of music publishing and recording rights. Led by founder and CEO Merck Mercuriadis, the company also includes Hipgnosis Songs Management, which manages Hipgnosis Songs Fund’s catalog.
Jesso was represented in the deal by his manager, Ben Persky at Mixed Management, and lawyer Nicky Stein at Clintons.
“Tobias is amongst the most important songwriters in contemporary music today as demonstrated by his winning the 2023 Grammy Award for Songwriter Of The Year, in its inaugural year,” said Mercuriadis in a statement. “I fell in love with his songs right from the get go with Goon eight years ago and he never fails to deliver. I’m delighted to welcome Tobias and his manager Ben Persky to the Hipgnosis family.”
All songs included in Hipgnosis’ purchase are listed in alphabetical order below.
“Alive” by Sia
“Ayala” by XXXTENTACION
“Bad Words” by Tobias Jesso Jr.
“Broken” by Madison Ryann Ward
“Bruised Fruit” by St. Paul & The Broken Bones
“Can We Still Be Friends” by Tobias Jesso Jr.
“Can’t Stop Thinking About You” by Tobias Jesso Jr.
“Crocodile Tears” by Tobias Jesso Jr.
“The End Of Love” by Florence + The Machine
“For You” by Tobias Jesso Jr.
“Grace” by Florence + The Machine
“Hallelujah” by HAIM
“Hollywood” by Tobias Jesso Jr.
“How Could You Babe” by Tobias Jesso Jr.
“How Do We Make It” by Jarryd James
“Hunger” by Florence + The Machine
“If He Won’t” by Guy Sebastian
“If You Leave Me Now” by Charlie Puth
“Just A Dream” by Tobias Jesso Jr.
“Lay Me Down” by Adele
“Leaving Los Angeles” by Tobias Jesso Jr.
“Malibu Nights” by LANY
“Marching Into The Dark” by John Legend
“Nice To Meet Ya” by Niall Horan
“Nice To Meet Ya (Diplo Remix)” by Niall Horan
“No Judgement” by Niall Horan
“Not Thinkin’ Bout You” by Ruel
“Not Thinkin’ Bout You (Remix) Ft. Goldlink” by Ruel
“Oh Lord” (from the soundtrack to Netflix’s The Get Down)
“Orlando” by XXXTENTACION
“Reasons” by Cautious Clay
“Roses” by Shawn Mendes
“Same Mistakes” by Seramic
“Same Old Story” by John Legend
“Slow Hands” by Niall Horan
“Still Around” by Paloma Faith
“Tell The Truth” by Tobias Jesso Jr.
“Treat Myself” by Meghan Trainor
“True Love” by Tobias Jesso Jr.
“Trying” by Seramic
“Unsaid” by Ruel
“The Wait” by Tobias Jesso Jr.
“When We Were Young” by Adele
“Without You” by Tobias Jesso Jr.
“Work For Me” by Laura Mvula
“You Get My Love” by P!nk
Helen Murphy is no longer CEO of Anthem Entertainment, according to a rep for the company. Jason Klein, who previously served as senior vp of business affairs and Canadian general manager, is taking over as interim CEO.
Anthem Entertainment was formerly known as ole Media Management. The rebrand, which took place in 2019, reflected the organization’s widening purview as it expanded from a music publishing company into something more multi-faceted. Over the course of several years, it acquired recordings (including the Rush catalog), music production companies and an audiovisual secondary-rights business, which Murphy described as “the second-largest collector of audiovisual secondary rights in the world, after the Motion Picture Association of America, which collects for the major studios.”
Murphy was named CEO in November 2018, a little more than six months before ole became Anthem. She had previously worked as CFO at PolyGram Records, Martha Stewart Living Omnimedia and Warner Music Group. Anthem “is a joyous name,” she told Billboard in 2019. “Everybody knows what an anthem is.” Murphy was named to Billboard‘s Power List in 2019 and 2022 and to Billboard‘s Women in Music list the same years.
In 2019, Anthem looked after publishing rights for 50,000 songs by over 400 songwriters. During Murphy’s tenure, the company expanded its publishing business by purchasing 50% of Wrensongs, acquiring a song catalog from Boardwalk Music Group and picking up the Kelly Archer song catalog. Archer helped pen country hits like Travis Denning’s “After A Few” and Justin Moore’s “Somebody Else Will,” both of which hit No. 1 on Billboard’s Country Airplay chart, and Brett Young’s “Sleep Without You,” which reached No. 2.
Last March, sources told Billboard that Anthem was up for sale. “This is a very exciting time for Anthem, as we look to strategically broaden our opportunities globally,” Murphy said in a statement at the time. “Anthem has hired an investment bank to help it evaluate all of its strategic growth options. The company has strongly emerged from the worst phase of the COVID-19 pandemic, having grown across all segments of its business, and we want to continue to capitalize on our growth momentum.”
Ultra International Music Publishing (UIMP) has acquired the catalog of Grammy-winning songwriter and producer Zaytoven. In addition, the hitmaker — whose catalog includes tracks by Migos, Drake, 21 Savage, and more — has signed a co-publishing agreement with Ultra to further foster his career moving forward.
Yonatan Watts has signed a worldwide publishing deal with Position Music and Tommy “TB Hits” Brown‘s Chapagne Therapy Music Group (CTMG). A Grammy-nominated hitmater, Watts has already penned hits for Chris Brown, Ariana Grande, Ari Lennox, Coi Leray and more, including “main thing” by Grande which he co-wrote alongside Brown for the singer’s album Positions.
SOFI TUKKER has extended their publishing deal with Third Side Music. The independent publisher will continue to act as the administrator of the electronic pop group’s catalog, as they have since 2017. “Signing with [Third Side] has been one of the best decisions we’ve made in our career,” says SOFI TUKKER about extending their deal.
Warner Chappell Production Music has expanded its operations into São Paulo, Brazil. Helmed by Renato Moraes, the WCPM team in Brazil will focus on building out a local repertoire of music and service Brazil’s film, tv, radio and advertising clients with custom music services and a wide-reaching catalog of songs and sound design. Moraes will reported to Sinéad Hartmann, vp of licensing and music creative.
Ocha Media Inc. has launched its new publishing administration and music synchronization service, Ocha Publishing. The new company will focus on aiding underground house music — including afro house, deep house, soulful house, techno and other subgenres — makers and will help the genre reach music supervisors, producers and creative directors. Its first signing is Osunlade’s Yoruba Records.
Sony Music Publishing Nashville and Droptine have jointly signed country hitmakers Russell Sutton and Tommy Karlas to global publishing deals. Sutton got his start as part of Grassroots Revival, and as a songwriter he has made cuts with Elvie Shane, Drew Green, and Nate Smith. Karlas has written songs for Blake Shelton, Warren Zeiders, Old Dominion, Randy Travis, and Montgomery Gentry.
Shirin David, one of Germany’s most popular female hip hop artists, has signed a deal with Warner Chappell Music. Natascha Augustin, vp of a&r, Warner Chappell Music Germany, adds, “Warner Chappell Music is known for its diverse roster, and we’re delighted to welcome Shirin who has been pushing boundaries as a female hip-hop artist.”
Peermusic U.K. has signed The Reytons to an exclusive global publishing deal via their joint venture with Max Music Publishing. The British indie rock outfit comprises of Jonny Yerrell, Lee Holland, Joe O’Brien, and Jamie Todd, and their new deal arrives on the heels of their record What’s Rock and Roll, reaching a new U.K. chart high.
Warner Chappell and Truth or Dare Publishing have signed country singer/songwriter Abbey Cone to a joint publishing deal. A CMT Next Women of Country inductee, Cone released her debut EP, Hate Me, last year. In 2023, she will perform at Stagecoach.
On Jan. 29, the Brooklyn Variety Ramble debuted in New York City. The city’s first ongoing music variety show showcasing country, bluegrass, Americana, American Roots and more, Brooklyn Variety Ramble series, hosted by comedian Ali Clayton, will also hold shows on Feb. 26, March 26, April 30, May 28, and June 25. Tickets are available for purchase online.
Hipgnosis Songs Management has purchased 100% interest in publishing copyrights to 217 songs in the catalog of TMS, the British songwriting and production trio.
This latest acquisition includes the trio’s publishing copyrights, producer royalty streams, and neighboring rights, including “Someone You Loved” and “Before You Go” by Lewis Capaldi and “Don’t Be So Hard on Yourself” by Jess Glynne.
Comprised of Tom “Froe” Barnes, Benjamin Kohn, and Peter “Merf” Kelleher, TMS has already sold the copyrights of 121 of their other songs to Hipgnosis in the past, including songs recorded by G-Eazy, Sigma and Emeli Sandé. The writers’ share of ownership and royalties of the previous 121 songs is also included in the latest acquisition.
“Someone You Loved” has achieved 7-times platinum status in the U.K. since its release in 2018 and is touted as the U.K.’s most played song of all time on Spotify. Worldwide, it ranks as the fourth most streamed with 2.6 billion and counting. “Someone You Loved” was written by Lewis Capaldi, Samuel Roman, and the TMS trio, meaning Hipgnosis now controls three out of five writers’ shares of publishing. TMS also produced the track.
Hipgnosis Songs Management, the entity managing the publicly traded company’s catalog, acquired these songs on behalf of Hipgnosis Songs Capital, an investment vehicle established by Hipgnosis and Blackstone. The world’s largest alternative asset manager, Blackstone pledged $1 billion to further investment in music IP with Hipgnosis and also took a majority stake.
TMS has also worked with Dua Lipa, John Legend, Maroon 5, Ed Sheeran, Lily Allen and Bebe Rexha, One Direction, Cher, Ed Sheeran, Leona Lewis, Rita Ora, Jessie J, Lily Allen, Labrinth, JLS, Years & Years, Oily Murs, Ella Henderson, Birdy, Jem & The Holograms, Sinead Harnett, Kwabs and Dot Rotten.
It is not clear which, if any, of these artists’ songs are included in this deal. Financial terms weren’t disclosed.
TMS were represented by Paul Centellas at North Pole Management and Sonia Diwan at Sound Advice.
“Froe, Ben, Merf and their manager Paul Centellas have been an important part of the Hipgnosis family for many years now so it’s fantastic that we’ve been able to continue our relationship with this new acquisition including what will undoubtedly be a contender for song of the decade with Lewis Capaldi’s iconic ‘Someone You Loved,’” says Merck Mercuriadis, CEO and founder of Hipgnosis Song Management.
Barnes, Kohn and Kelleher (TMS) jointly add, We’re incredibly proud of this body of work and know Merck and the family at Hipgnosis will be excellent custodians of these copyrights in future. It’s incredible to see what they’ve built in just a few short years and we know they’ll continue to represent these songs with passion and commitment.”
“Nobody is doing more to elevate the standing and value of the songwriter than Merck and the team at Hipgnosis,” says Centellas, managing director, North Pole Management. “We’re very happy to entrust them with these incredible copyrights and look forward to working with them across various initiatives to ensure the songwriter is properly valued and remunerated in future. Without songwriters, there is no music business.”
Some say imitation is the sincerest form of flattery, but according to a new lawsuit, singer Rick Astley disagrees.
Astley filed a lawsuit Thursday in Los Angeles court claiming that while Yung Gravy and his collaborators secured rights to re-record the melody and lyrics of some of his 1987 hit “Never Gonna Give You Up” for their track “Betty (Get Money),” they recorded it too close to the original and infringed on his “right of publicity” by “flagrantly impersonat[ing]” Astley’s voice.
Recreating the magic of older songs in new hits is not unique to “Betty (Get Money).” It’s common for artists to secure the rights to use the underlying musical work, like Gravy’s team did with “Never Gonna Give You Up,” and re-record portions of the song’s melody, lyrics and more for use in a new song, a process called “interpolation.” Sometimes, this ends up sounding incredibly similar sounding to the original recording, and other times, the team will put its own spin on the old track.
By opting for an interpolation rather than a true sample, teams avoid the tedious and costly process of securing the rights to the original recording as well, a separate right from that of the musical work. With interpolations, only the songwriters and publishers involved in writing the song have to approve of the new use of their song, not the singer. Interpolations also have the added bonus of providing producers with more flexibility and creativity. But now Astley’s lawsuit has music executives questioning if it could “open the floodgates” to litigation or at least tamp down the practice.
To the average listener, the “Betty (Get Money)” intro hinges on what sounds like a direct sample of “Never Gonna Give You Up.” But, as Gravy told Billboard months ago, he and his collaborators instead “basically remade the whole song,” in the studio. “[We] had a different singer and instruments, but it was all really close because it makes it easier legally,” he said.
Similarly, “I Like It” by Cardi B, Bad Bunny and J Balvin is widely believed to include a sample of of “I Like It Like That (A Mi Me Gusta Asi)” by Pete Rodriguez, but the iconic-sounding recording is also a dupe. In an interview with The Verge, the song’s engineer, Leslie Brathwaite, explained that, “a lot of people think that’s the actual sample, but it was actually replayed. Craig [Kallman, chairman of Atlantic Records and one of the track’s producers] hired people to replay every aspect of that sample, and it turned out to be like, 60 tracks worth of stuff… because they didn’t want to clear the sample.”
Nick “Popnick” Seeley, the producer who recreated Rick Astley’s voice for “Betty (Get Money),” told Billboard in a previous interview that he was also part of the replay process for “I Like It” by Cardi B, along with “Dirty Iyanna” by Youngboy Never Broke Again (which replays “Dirty Diana” by Michael Jackson). “I have a knack for vintage stuff… this is a really cool way for me to participate in what’s going on in pop music right now,” he said in the past interview. (Seeley is named alongside Gravy, fellow collaborators Dillon Francis and David “dwilly” Wilson, and Republic Records as defendants in the lawsuit. He declined Billboard’s request for comment.)
Danielle Middleton, senior director of producer/songwriter management firm Page 1 and former A&R at Sony Music Publishing, notes that sampling and interpolation is bigger than ever. “Nostalgia is huge right now,” she says. With songs like “First Class” by Jack Harlow (which features a sample of “Glamorous” by Fergie), “I’m Good (Blue)” by David Guetta and Bebe Rexha (which interpolates “Blue (Da Ba Dee)” by Eiffel 65, Gabry Ponte), “Big Energy” by Latto (which borrows from “Genius of Love” by Tom Tom Club, which is also featured in “Fantasy” by Mariah Carey) and more dominating the Hot 100 in recent years, many artists are looking to quickly jump onto the trend by flipping familiar tunes into something new.
Music attorney Todd Rubenstein wagers that most music creators have likely not considered there could be any legal risk in creating closely imitated interpolations. Producer Marc “Fresh2Def” Soto, half of duo ClickNPress and has worked with J. Cole, Queen Naija, and Alessia Cara, says music execs have often encouraged him to convert samples into interpolations. “A record label will be like, ‘Hey we can’t get the clearance for the sample, but we can get an interpolation, would you be able to replay XYZ thing?’ I’ve been through that on several records with different labels.”
While Soto explains it’s not unheard of for a producer to strive for an exact dupe, far more commonly, he says, producers will make small changes to create distinction. Soto also says an exact imitation is often nearly impossible, anyway. Without access to the same studios and equipment as the creators of a track made decades ago did, re-recordings usually sound different from the original track, even if the attempt was to imitate. It’s most common to hear imitations of guitar parts, drum loops and other instrumentals. Vocals are more rare.
One publishing executive, who spoke to Billboard on the condition of anonymity, says they feel switching out a sample for a close interpolation is not just used to speed up licensing and save money. It’s also incredibly common for “creative reasons,” allowing the producers to control the parameters and tone of each individual element of the song.
In a previous story with Billboard, Primary Wave, the company that owns the rights to “Never Gonna Give You Up” songwriter Pete Waterman’s catalog, explained that the creation of “Betty (Get Money)” was part of a strategy the company has been working on for the past few years. In hopes of boosting the popularity and earnings of their catalog, the team will encourage artists and producers to interpolate or sample from songs they hold some or all rights to.
So far, the technique has been quite successful for Primary Wave. In addition to “Betty (Get Money),” this strategy has produced songs like “Just Can’t Get Enough” by Channel Tres (which sampled Teddy Pendergrass’s “The More I Get The More I Want”), “Thought It Was” by Iann Dior and Machine Gun Kelly (which interpolated the melody of Semisonic’s “Closing Time”) and “What a Night” by Flo Rida (which borrowed from Frankie Valli’s “Oh What A Night”). Primary Wave was not named in this lawsuit.
According to the lawsuit, Astley’s lawyer claims the singer has been “looking to collaborate with another artist and/or producer to create something new with his voice from ‘Never Gonna Give You Up’,” but because of the “nearly indistinguishable” imitation of Astley in “Betty (Get Money),” his opportunities to do this have been “obliterated.”
While Milk & Honey founder Lucas Keller says the popularity of Yung Gravy’s tune with such a prominent interpolation of “Never Gonna Give You Up” may hinder opportunities for a major sample placement for Astley’s original tune in the short term, the other publishing executive adds that they believe the opposite is true long-term. “If you’d look at James Brown or Parliament Funkadelic or any number of people that are often sampled, I feel like statistically, the more your work is used, it means you’re more likely to get sampled again.”
As to the lawsuit, Keller, who manages a number of top producers, says it “could set creators back.” The publishing executive agrees, arguing the case could scare creators and hinder creativity in sampling, covering and interpolating.
Soto says this would not be the first time a lawsuit affected producers in recent years, citing the controversial Blurred Lines trial, which claimed the Hot 100-topping hit of that name by Robin Thicke, Pharrell Williams, and T.I. plagiarized the composition “Got To Give It Up” by Marvin Gaye because some felt it centered on similar feels of the two songs — perhaps widening what elements are protected under copyright law. The same lawyer who represented the Gaye family in that trial, Richard Busch, is representing Astley in his lawsuit. With this case, Soto adds, “We might get to a place where things start to feel like, ‘Why am I interpolating anyways when I might get sued?’”
Even if Astley and Gravy settle out of court, Rubenstein believes we’re likely “going to see other lawsuits off the back of this lawsuit” from artists who feel emboldened to fight imitations or similar-sounding interpolations of their voices in songs they were not a part of. He says, “I could see older artists that had this happen to them in the past realize, ‘Hey, I have the same claim.’”
Busch, Republic Records, Primary Wave, and Gravy did not respond to Billboard‘s request for comment.
Reservoir Media has purchased the catalog of Bronx-born talent Dion Francis DiMucci, better known as Dion. The deal includes his publishing catalog and future works as well as synchronization rights to his master recordings.
Best known for releasing defining, R&B-infused rock in the 1950s and ’60s, Dion’s catalog includes “Runaround Sue,” “The Wanderer,” “Ruby Baby” and “Dream Lover,” which he released with his band Dion and the Belmonts. Over the course of his career, he has accrued 11 top 10 Billboard Hot 100 hits and was inducted into the Rock and Roll Hall of Fame in 1989 and the Grammy Hall of Fame in 2002.
Despite his many decades of success, Dion continues to tour and release music today. In 2021, he released the album Stomping Ground featuring Eric Clapton, Peter Frampton, Bruce Springsteen, Mark Knopfler and more.
Dion’s songs have continued to permeate pop culture, particularly via their placement in films and TV shows, including Diner, Peggy Sue Got Married, Little Big League, The Sopranos, Behind Enemy Lines, The West Wing, The Wire and Ozark. Additionally, his life and songbook inspired the creation of The Wanderer, a musical that had a successful pre-Broadway run at Paper Mill Playhouse in April 2022.
“I am most pleased to enter into this great new relationship with Reservoir,” Dion said in a statement. “I know how much the Reservoir team appreciates my work, and I am looking forward to some exciting times ahead with them. I want to thank the entire Reservoir team for helping to make it happen, particularly Rell Lafargue, Jonathan Sturges and Faith Newman. I also want to thank Marvin Katz, my attorney, who introduced me to Reservoir and represented me in the transaction.”
Reservoir’s executive vp of A&R and catalog development, Faith Newman, added, “Dion is a pillar of early rock and roll music and wrote and recorded songs that are universally loved and recognized. He continues to make music with and inspire the genre’s biggest names today. It’s an honor to support both his evergreen catalog and future hits.”
It’s the end of an era for a Kobalt Music original. Sas Metcalfe, the company’s first employee and longtime chief creative officer, will be stepping down effective Feb. 28, it was announced on Thursday (Jan. 26). The North Wales native possesses a creative taste that is “second to none,” commented founder and chairman Willard Ahdritz, who hired her in 2001, and has “built a great spirit in her team because she is happy to share success.”
The Metcalfe-led global creative team is almost 70% female, according to the company, and is responsible for signing a roster that currently includes such hitmakers as Max Martin, Lorde, Ozuna, The Weeknd, The Chicks, Finneas, Diplo, Gunna, Karol G and many more.
“When I look back, I’m in awe of how much great music the Kobalt creative team has ushered into the world,” said Metcalfe. “But what makes me most proud is working alongside so many talented music lovers and helping them develop into great creative and A&R minds – I’d argue they are some of the best in the music industry today.”
Metcalfe’s music business journey began in the early 1980s with a marketing assistant job at CBS Records in London. She later got the A&R bug thanks in part to working as a scout at Rocking Horse Records before a three-year stint as an A&R manager at Arista Records. Nine years at Warner Chappell followed, where she signed Radiohead and Dido as head of A&R, before taking a similar post at EMI Records in 1998. She joined Kobalt, again, as Ahdritz’s first hire, three years later. “It’s amazing how far we’ve come in over 20 years together,” he said.
Added Kobalt CEO Laurent Hubert, “Simply put, Sas is one of a kind. Her impact in the music industry and at Kobalt is undeniable, as she nurtured and managed not just amazing songwriters but also built one of the best global creative teams in the industry. The work that Sas has done at Kobalt will be felt for many years to come. We thank Sas for her extraordinary contribution to making Kobalt what it is today.”
Avex USA and Brandon Silverstein Publishing have jointly signed 23-year-old hitmaker Jasper Harris to a global publishing agreement. The producer behind Jack Harlow’s “First Class,” Post Malone and Doja Cat’s “I Like You,” and Baby Keem and Kendrick Lamar’s “Family Ties” and more, he will begin working with Avex and Brandon Silverstein Publishing later this year.
Harris is nominated for four nods at the upcoming Grammy Awards for his recent work, including best rap album (Come Home the Kids Miss You by Jack Harlow and I Never Liked You by Future), best melodic rap performance (“First Class” by Jack Harlow), and best pop duo/group performance (“I Like You” by Post Malone and Doja Cat).
Brandon Silverstein Publishing is the re-branding of S10 Publishing. Over the last few years, the boutique publishing house and Avex USA, the American branch of Japanese music and entertainment company Avex Group, have signed talents like “Peaches” writer HARV, Jamaican singer Shenseea, The Kid LAROI collaborator and Internet Money member Cxdy, “Build a Bitch” co-writer David Arkwright, “Stunnin’” producer Declan Hoy, and Travis Scott, Bad Bunny and Future writer/producer KOSA. Since its founding, their joint publishing clients have earned three No. 1 Top 40 US radio hits.
“All of us at Avex have fallen in love with Jasper and his music. He’s an incredible talent,” says Naoki Osada, CEO of Avex USA. “We have a fresh and diverse team that is hugely excited and grateful to be working with Jasper and his management to support his vision globally through Avex.”
Brandon Silverstein, founder and CEO of Brandon Silverstein Publishing, says he is “incredibly excited to welcome Jasper to the publishing family. I’m grateful for his trust in the team and could not be more confident in his ability to become the biggest producer in the world. We look forward to making history alongside both Jasper and his amazing management team.”
Harris adds, “I am incredibly grateful to be joining the Avex and Silverstein publishing team. They’re such a strong and dynamic group, and their passion for my music combined with their global reach feels like the most natural combination as I enter the next phase of my career. We are so like-minded in our goals and I couldn’t be more excited for our future together”
“Jasper’s an exceptional young man with an endless dedication to his craft. We want to thank Brandon, Naoki, Lucas, and the whole Avex/Silverstein team for their belief in him. We couldn’t be more excited to be working together,” says Sam French and Mason Klein of Mixed Management.