Record Labels
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If you run a successful independent label and you’re looking for an infusion of cash, the current music business is awash in opportunity.
“Independent labels often lead in trendsetting and new business models, such as the vinyl resurgence, event-driven branding and digital community-building,” says Wez Saunders, CEO of Defected Records, a long-running bastion of dance music. “And the shift toward streaming and digital monetization has allowed [indies] to grow without traditional major-label infrastructure. This success has made independent labels attractive investment opportunities.”
Sony Music in particular has quietly been investing in indies — not only Rimas, but also Mass Appeal, Fat Possum and Black 17 — according to executives with knowledge of the deals.
The size of the commitment varies: Sources say Sony took a minority stake in Fat Possum; a significant minority interest in Black 17; and a significant majority interest in Mass Appeal. All these labels have previous relationships with Sony through its distribution and services wing, The Orchard, which was born in the independent community and has spent many years nurturing connections there.
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This approach can help a major label maintain market share and provide a cost-effective mechanism to keep indie labels in the larger Sony ecosphere. It also allows a major to discreetly benefit from the increasing popularity of the independent sector.
“Large players have been securing stakes in indies to maintain their dominance while still allowing these labels to operate independently,” Saunders notes. “This gives majors indirect control over influential indie ecosystems without fully absorbing them into their corporate structures.”
Executives at Mass Appeal, Fat Possum and Black 17 declined to comment or did not respond to requests for comment. A representative for Sony Music declined to comment.
Major labels have been interested in independent companies for more than half a century. Over the years, many of the most famous indies — including Motown, Atlantic Records, A&M Records, Geffen and Island Records — have been vacuumed up into corporate collectives. In fact, these acquisitions are part of how major labels become “major” in the first place.
“Your clock is running when you’re at a major conglomerate,” explains Daniel Glass, founder of Glassnote Records and a former major label president and CEO at EMI Records Group back in the mid-1990s. “You need market share, you need profit. It’s much easier to buy a known entity.”
Acquiring independent labels, or parts of them, is even more important for the majors today as their market share is whittled down by the increased opportunities available to unsigned artists, who can easily upload music to streaming services through distribution companies. And getting a piece of indies has additional value in an increasingly international music industry — MIDiA Research estimates that the independents’ share of the global recorded music business is 40.8%.
In 2024, Sony Music CEO Rob Stringer described his company as “undoubtedly the most aggressive major music group in M&A over the last three years,” and acquiring stakes in labels distributed by The Orchard is just one part of that strategy. Since the start of 2021, Sony has also acquired the label services company AWAL, the Brazilian label Som Livre, the catalog of RECORDS, the Spanish label Altafonte, and a majority stake in the label Alamo.
The other two majors have made splashy purchases during this period as well, though not as many: Universal Music Group acquired [PIAS] and Downtown Music Holdings along with securing a stake in the Nigerian label Mavin Global, while Warner Music Group snapped up 300 Entertainment, 12Tone, Africori, and 51% of 10K Projects.
While Sony is happy to splurge, it doesn’t always acknowledge its purchases; the company still hasn’t admitted it bought a significant minority stake in Rimas. “We can sign huge catalogs,” Stringer told Bloomberg last year, “and we don’t tell anybody officially.”
Acquiring stakes in indies is one way for major labels to expand their reach. Another tried-and-true option is to distribute them. Sony has been a longtime leader in this area — in 1990, it bought a 50% stake in Important Record Distributors. Sony subsequently acquired the rest of that company, which by then had morphed into Relativity Entertainment Distribution (RED), in 1994. RED was later merged into The Orchard, which Sony bought fully in 2015.
But distribution relationships are by definition less permanent. “People are requesting shorter deals than ever and bouncing around just because there are a lot of options and a lot of money,” says one executive whose label is distributed by The Orchard.
In addition to major labels, private equity institutions are now looking for profitable investment opportunities in music, and new outfits like Firebird are offering their own versions of label services partnerships. “All these meetings are very seductive,” Glass says. “You go into the big office, they fly you in, take you to lunch.”
If indies demand shorter deals, those agreements have to be renewed more often, and each renewal gives the company a chance to ask for a bigger advance. One executive working with a bank known for lending to the music industry says he has seen the biggest advances ever from distributors seeking to sign independent labels in the last two years, especially when companies are trying to lure the label away from a rival.
It’s not surprising that the majors “don’t want to lose big [independent] labels” that they work with, says David Fritz, an entertainment attorney. Buying a stake in an indie company, then, serves as insurance against poachers with deep pockets. “It guarantees that [the major] gets to hold on to the market share,” says the executive whose label is distributed by The Orchard.
There are other benefits to buying pieces of indie labels. More and more artists want to call themselves independent — as Todd Rubenstein, a music lawyer, joked last year, “Now you’re either an unsigned artist or an indie artist.” A 2024 survey by MiDia Research and Amuse found that just 6% of artists said they wanted to sign to a major label, as opposed to 20% who aspired to sign to an indie, and even more who dreamed of partnering with a distribution company that offered some label services.
As Saunders puts it, “Major players recognize that the independent sector has strong brand credibility.” Investments in indie labels allow the majors to gain from that cred as well.
The desirability of the “independent” label may also help explain why a number of label owners are selling stakes but not handing over the keys to the whole company. Many founders today want to continue to oversee the operations they launched.
They can still benefit from selling a piece of their company, though. Defected partnered with Firebird to “remove financial constraints that independent labels often face when competing with major label-backed entities,” according to Saunders. “If you can get some resources that you need to be able to realize your vision, and it all makes sense on the ledger, then why not?” asks David Macias, co-founder of the label Thirty Tigers.
While Thirty Tigers is distributed by The Orchard, Macias says he hasn’t sold a piece of the label. (Though he says he did sell back his piece of Triple Tigers Records, a JV he started with Sony.) “Our conversations have been off and on through the years, sort of figuring out if there’s a way to make it all make sense,” Macias adds. “So far it hasn’t. But I never rule anything out.”
Additional reporting by Ed Christman.
Sony Music Nashville has restructured its radio promotion team, appointing Dennis Reese as senior vp, radio marketing & promotion. Reese will oversee the development and execution of the strategic radio promotional plans for both the RCA Nashville and Columbia Nashville imprints.
Reese will report to Sony Music Nashville chair/CEO Taylor Lindsey and president/COO Ken Robold, and will start in his new role on Feb. 14.
Reese spent the past year at Neon Coast, supporting the artist roster including Kane Brown, Restless Road, Nightly, Dylan Schneider and Kat Luna. His new role marks a returning of Reese to SMN; Reese previously spent seven years leading the RCA Nashville imprint. He joined RCA Nashville after working in pop music at Epic Records, Capitol Music Group, Elektra Records and Columbia Records.
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“We are thrilled to welcome back Dennis to the company,” Lindsey said in a statement. “His experience at both the country and pop formats, excellent leadership skills and dedication to the artists he’s worked is unmatched and we are fortunate enough to have him this time at the helm of our promotion team. SMN remains committed to promoting our artists at radio and we know Dennis will continue to bring the No. 1s and advocate for our artists every day.”
Reese’s appointment follows a recent organizational restructuring at Sony Music Nashville, with several radio promotion team staffers having exited as part of the restructuring. Among those that exited were SMN senior vp, promotion Lauren “LT” Thomas, Columbia Nashville senior director, promotion Lauren Bartlett, Columbia Nashville directors of promotion Paige Elliott and Lisa Owen, as well as Sony Music Nashville manager of promotion and artist development Paul Grosser.
Regarding the exits, Sony Music Nashville said in a statement obtained by Billboard, “Our focus is always on being the best partners for our artists and the creative community, especially in this rapidly evolving marketplace. Today we made changes to our team structure to streamline our resources and be more successfully connected to our valuable radio partners across RCA Nashville and Columbia Nashville.”
In November, Lindsey was named as chair/CEO, with Robold promoted to president/COO, as Randy Goodman announced his retirement after running the label since 2015.
Sony Music Nashville’s artist roster includes Brown, Luke Combs, Megan Moroney, Old Dominion, Nate Smith and more.
Def Jam continues to stockpile talent and revamp its legacy as a music powerhouse, as evidenced by their latest signing of Dende. After an impressive run on the independent circuit, the Texas-bred star hopes to galvanize a label looking to expand its R&B division anchored by recent Grammy winners Muni Long and Coco Jones. “I’m […]
Warner Music Group (WMG) announced Tuesday (Feb. 11) that it’s completed its full acquisition of Africori, one of Africa’s leading digital music distribution, rights management and label services companies. Founded in 2009 in Johannesburg, South Africa, Africori touts itself as “one of the biggest independent songbooks in Africa,” including music by Kelvin Momo, Master KG […]
Warner Music Group announced changes to its division overseeing Argentina and Chile on Tuesday (Feb. 11), bringing in Tomás Talarico as the new managing director of Warner Music Southern Cone (née Cono Sur), effective immediately. He succeeds Guillermo Castellani, who will stay on as a consultant during the transition. Talarico will report to Alejandro Duque, president of Warner Music Latin America.
Talarico brings extensive industry experience, having founded MOJO, an independent record label and digital distributor, in 2014. Under his leadership, MOJO expanded across Argentina, Chile and Peru, becoming a key player in the tropical and urban music markets. The company has collaborated with approximately 150 artists and labels, managing audiovisual production and music publishing. According to the hiring announcement, MOJO’s success includes more than 50 Gold and Platinum certified singles and multiple industry awards, including eight Gardel Awards and two Pulsar Awards.
Throughout his career, Talarico has played a significant role in developing emerging artists such as ECKO, Grupo Zumbale Primo, Kaleb Di Masi, Papichamp and Uriel Lozano, among others. He was also a key contributor to the collaborative project Un Poco de Ruido. He’s also a musician, having released five rock and pop albums as a guitarist and singer-songwriter.
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Before founding MOJO, Talarico was a pioneer in digital music distribution, working with companies focused on MP3 and ringtone sales. His early career included a role as a supervisor at Tower Records.
Duque praised Talarico’s entrepreneurial mindset and ability to bridge music and technology “to the service of artists,” also praising Castellani role in developing the careers of major Warner artists such as Maria Becerra and Tiago PZK.
Talarico expressed excitement about joining WMG, highlighting the opportunity to utilize the resources of an international label to support the region.
“To be able to tap into the resources of a major label to superserve the exceptional talent in this region is an incredible opportunity,” he said. “I also want to pay tribute to the remarkable Guillermo Castellani who has nurtured such a strong team and played a huge role in the wider music industry. He leaves big shoes to fill, and I’m looking forward to building on his legacy!”
Castellani reflected on his time at Warner Music, which dates back to early 2002, and lauded the support of Duque and the Warner Music Southern Cone team.
“I am grateful to the family of Warner Music Southern Cone for allowing me to enjoy my work every day: without them it would have been impossible to reach the goals we achieved,” he said. “I wish Tomás success in writing the following chapter in the Southern Cone. I am sure that he will lead Warner Music in its continuous growth so that it will remain a magnet for new music talent in this part of the world.”
It’s an early evening in late September, and San Francisco is gleaming. The back patio at EMPIRE’s recording studios near the city’s Mission District is all white marble, reflecting the last rays of the setting sun as dozens of YouTube executives mill about, holding mixed drinks and picking at passed trays of beef skewers, falafel, lamb dumplings, and ham and chicken croquettes. At the moment, the companies’ top executives — EMPIRE founder and CEO Ghazi, COO Nima Etminan and president Tina Davis, as well as YouTube global head of music Lyor Cohen, among others — are sequestered in the studio’s live room for a quarterly business review, discussing the platform’s new tools, the label’s upcoming projects and how the two can best work together. A cake is adorned with YouTube’s latest milestone: 100 million members of its music subscription service.
Inside, the aesthetic is flipped: Black walls, dark wood floors and a black marble bar set the tone, while a projection screen in the main lounge area shows photos of Nigerian superstar and recent EMPIRE signee Tiwa Savage, who is in town finishing her new album. As Ghazi, Cohen and the others wrap their meeting and begin to filter into the party, everyone is ushered inside to hear her play some of her new music.
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“This is my first project at EMPIRE, and it’s really emotional for me because I’ve never had a label be this invested; most labels are not in the studio with you from morning until night,” Savage says before introducing her first single from the album, “Forgiveness,” which she will release a couple of weeks later. “They made me feel so welcome. I’ve been signed several times, but I’ve never been in a situation where it felt like home.”
The next day, at a barbecue restaurant near the studio, Ghazi is reflecting on the event — and what the connection with YouTube’s Cohen means to him. “I used an analogy with Lyor: ‘This is not a full-circle moment; this is the Olympic rings of full-circle moments,’ ” he says. “This brings so many circles of my life into place. I started as an engineer; I’m in a state-of-the-art studio that I could only dream about that I built with my bare hands. I used to listen to Run-D.M.C. — he found Run-D.M.C. The first tape I ever bought was Raising Hell — now I’m raising hell in the music business.” He laughs. “I prefer to call it ‘raising angels,’ but it’s cool. And then you have a giant like him in the record business that people used to blueprint their careers after, and now he’s telling me that he’s proud of the success I’ve had and that he watched me build a legacy. That’s validation.”
For Ghazi, 48, validation has seemingly been everywhere of late. The company that he founded in 2010 as a digital distributor for his friends in the Bay Area hip-hop scene has grown into one of the most formidable and powerful companies in the global music business. It has a record label, publishing and content divisions, a merchandise operation and 250 employees around the world, with a presence on six continents and deep connections to the local culture, politics and sports, including the Golden State Warriors and the San Francisco 49ers.
And now, as EMPIRE turns 15, it’s coming off its best year yet: For 19 nonconsecutive weeks, spanning from mid-July to the end of November, EMPIRE artist Shaboozey held the top slot on the Billboard Hot 100 with “A Bar Song (Tipsy),” tying the record for the chart’s longest-running No. 1 — an enviable achievement for any label, but particularly for an independent without any outside investment or corporate overlords. Shaboozey landed five nominations at the 2025 Grammy Awards, including best new artist and song of the year, redefining what is possible for an indie act and company in the modern music business.
Even more notably, that success arrived during a year when all three major labels experienced a painful and layoff-heavy molting process, reorganizing themselves to emphasize speed, technology, artist services and distribution — or, to put it another way, to try to look a lot more like EMPIRE. (“I think the battleship has been observing the speedboat for quite some time,” Ghazi says.) Amid those changes in the business, a new school of thought has emerged: that success is often found in cultural niches that gain mainstream acceptance from the bottom up, not the top down. Ghazi embodies that change: He may not have the mainstream name recognition of his peers in New York or L.A., but in his force of personality — humble yet emphatic, as many successful founders are — and his tireless, globe-trotting pace, he fits right in among the elite movers and shakers of the business.
“This industry used to be full of super-colorful entrepreneurs that were focused on their art, and when you talked to them, they had a certain excitement and shine in their eyes. Unfortunately, there’s not that many of them [left],” Cohen says about Ghazi. “I would call him one of the few. A person that is committed to excellence, cares about the details, shows up, has continuity and he’s positive and enthusiastic.”
Hermès coat and shirt
Austin Hargrave
There’s another reason why the YouTube party held such significance for Ghazi: The video streaming service is another company born, bred and based in the Bay Area that grew into a music industry behemoth after being built on tech foundations. Ghazi worked in Silicon Valley, including at an ad-supported video streaming service half a decade before YouTube, prior to dedicating his life to music, first as a recording engineer and then at digital distributor Ingrooves. He then founded EMPIRE — and sees his company as part of that lineage. “I’ve never met a music exec that has such a grip on the three verticals — creative, business and technology — and is fluent in all of it and active in all of it,” says Peter Kadin, a major-label veteran who is now executive vp of marketing at EMPIRE. “Someone who can go from meeting with an engineering team about building out the future of our systems, to sitting with finance and going through our deal structures with all the major DSPs [digital service providers], to going to the studio at night and mixing a Money Man album. There is no other executive doing that.”
Ghazi’s tech background and San Francisco’s reputation as the center of the tech industry are among the many reasons why he has always maintained that EMPIRE will never leave the Bay. The area has been part of him since he grew up in San Francisco’s Potrero Hill neighborhood, during his days at San Francisco State, throughout his time in the trenches of the local hip-hop scene and even now, when he has the ear of the new mayor of San Francisco, Daniel Lurie, whom he’s advising on cultural matters, and is working hand in hand with the NBA and the Golden State Warriors to produce events and release projects surrounding the upcoming NBA All-Star Weekend, which will be held in the Bay Area in February for the first time in 25 years.
But for a city that has had its share of big music moments and in which several major companies got their start, San Francisco’s music, and music tech, scenes have receded over the last two decades, with many companies lured away by the brighter lights and easier connections that exist in New York or Los Angeles. It’s a fate Ghazi is determined to avoid for EMPIRE — and a trend he’s actively working to reverse.
Ghazi likes to tell a story about when he was in his 20s in the early 2000s and mixed The Game’s first mixtape at San Francisco’s Hyde Street Studios. The project, which came out in 2004, ultimately helped Game get signed to Dr. Dre’s Aftermath Records, and when Dre and one of his executives heard the tape, they wondered who had mixed it because it sounded much more professional than the typical lo-fi promotional tapes making the rounds among underground hip-hop heads at the time. The guys invited Ghazi down to L.A. and encouraged him to move to the city and start working with them.
“I was flattered by it, but I was also furious — mad that I had to leave the Bay to build a music career,” he recalls. “I remember driving past the Capitol Tower like, people drive past this building and think, ‘I’m going to work there one day.’ And we don’t have that in the Bay. And I was like, ‘That sucks! I’m going to figure this s–t out!’
“It took me a long time — a really long time — but I figured it out.”
Prada coat, shirt, pants and shoes.
Austin Hargrave
“This might be the most mellow day I’ve had in three months.”
A few weeks later, Ghazi is driving through the streets of San Francisco, giving the signature tour of the city that he offers to anyone new in town — or anyone who may have only heard of its downtown blight and violence as depicted by the national news. It’s another beautiful fall day in the Bay, the first vintage weather after an extended heat wave, and he has cleared his schedule for the afternoon. For the next four hours, he unspools the history of the city neighborhood by neighborhood, street by street.
From the EMPIRE office in the Financial District, he drives into Chinatown, then to the Marina District and the picturesque Palace of Fine Arts. After that it’s into the Presidio, where Lucasfilm is headquartered, then over the Golden Gate Bridge into Sausalito, stopping at an overlook for a view of the city. Then it’s back across the bridge into San Francisco, along Baker Beach into Sea Cliff and then Richmond District, the neighborhood where Ghazi lived in a 350-square-foot apartment when he was first dreaming up what would become EMPIRE. (“I had like four f–king jobs,” he says. “Some of the happiest times of my life, though. Some of the most stressful, but some of the happiest.”)
Along the way — passing through Lands End lookout point, Golden Gate Park, the Haight-Ashbury district and Billionaires’ Row, down the famously crooked Lombard Street and into the Mission — he calls out the landmarks of his life: the apartment where he was born, his first recording studio, the place he got his first boba milk tea, the theater where he used to watch movies for two dollars, the Haight storefront where he once co-owned a clothing store, the place where he and Etminan built the wiring for the first EMPIRE office through a hole in the wall. After a few hours, he parks near the water and gets out of the car to take it all in.
“They say San Francisco’s a doom loop,” he says, looking across McCovey Cove into Oracle Park, home of the San Francisco Giants, in the late-afternoon sun. “This look like a doom loop to you?”
Louis Vuitton sunglasses and jacket
Austin Hargrave
San Francisco is personal to Ghazi in a way that goes deeper than the typical nostalgia people feel for home. And the recent right-wing news coverage by 24/7 cable networks — which has portrayed the city as crime-ridden and drug-addled, overrun by a persistent homelessness problem that the city has not been able to handle — that has proliferated in recent years has spurred him and other music leaders in the city into action.
“San Francisco had such a heyday up until the pandemic, and it’s been really hard to watch the world s–t on our city,” says Bryan Duquette, founder of Another Planet Management and a member of the core executive team at Another Planet Entertainment, the San Francisco-based independent promoter that puts on the Outside Lands music festival and operates Bay Area venues including Berkeley’s Greek Theatre and San Francisco’s Bill Graham Civic Auditorium. Duquette, who has lived in the Bay for over 20 years, met Ghazi in 2023 and found a kindred spirit determined to rectify the negative perceptions held by outsiders. Last year, Another Planet teamed with Ghazi, EMPIRE and artist management company Brilliant Corners to assemble 100 members of the Bay Area music scene to meet with Lurie, then a mayoral candidate, to discuss his plan to reinvest in the artistic community. “Daniel really was trying to get to the people who were creating culture and helping the city become, again, what it was seen as globally,” Duquette says. “And Ghazi is a really big piece of that.”
Lurie’s outreach ultimately won him much of the creative community’s support, and in turn helped win him the election; he was sworn in as the 46th mayor of San Francisco in January. “The arts and culture have always defined us, and I firmly believe that EMPIRE and Ghazi are going to be part of the revitalization of our city,” Lurie says. “He knows what’s going on in the music world better than just about anybody, and I’ll be listening carefully to his guidance and his counsel.”
San Francisco Mayor Daniel Lurie and Ghazi in 2025.
Courtesy of EMPIRE
EMPIRE’s fierce independence, too, is an expression of the Bay’s ethos. “He’s a representative of the independent grind and the culture here; that’s something that everyone in the Bay can resonate with, just coming from the ground up and being the underdog,” says P-Lo, the Bay Area rapper who has been with EMPIRE since 2017. (P-Lo is spearheading a project with the Golden State Warriors’ content division, Golden State Entertainment, that will be released ahead of NBA All-Star Week and distributed by EMPIRE and will feature more than a dozen Bay Area artists.)
But that independence, and particularly the eye-opening success that EMPIRE has experienced over the past few years, has also brought scrutiny — and tests of Ghazi’s commitment, particularly during a time of intense consolidation in the music business. When a media report circulated in November 2023 positing that LionTree was lining up a $1.5 billion bid to buy EMPIRE — “Most believe Ghazi is not a seller, but big checks have changed other people’s minds,” the report needled — Ghazi was furious and sent a staffwide email emphatically denying it, according to multiple employees. A week after EMPIRE’s YouTube event, he was even more publicly defiant, insisting while onstage in October at the industry conference Trapital Summit in Los Angeles: “I’m not for sale. Period. I am dead serious. I am living my purpose. There’s no price on that.”
It’s a frustrating topic for Ghazi, not least because it implies a fundamental misunderstanding of who he is and why he does what he does. “You don’t understand — I just don’t care about money,” he says. “It’s not my motivation.” Instead he talks about the principles instilled in him by his father, a Palestinian refugee who brought his family to America to put them in a position to control their own paths if they were willing to work for it. “I don’t see myself ever working for somebody else,” Ghazi continues. “I’d rather retire. There’s no price for my autonomy. It’s the greatest gift to a leader.”
Still, his insistence on sole ownership — and the sheer force of personality that he exudes in binding the company together — has left enough of an opening for industry analysts to wonder about succession planning, about what might happen to the company when, or if, Ghazi decides to hang it up. He freely admits he won’t stick around as a hands-on CEO forever, but also that EMPIRE is about legacy for him and that he values legacy and autonomy — the freedom to chart his destiny — more than anything else. In that sense, he’ll never truly leave EMPIRE, even as the rumor mill keeps churning. “I always admired athletes who retired when they were on top. I want to be at the top of my executive game when I quit,” he says. “I don’t want to be the guy who hung on for too long. I’m already the owner, so I could still hang around as a chairman, but I don’t need to hang around as the guy running s–t day to day.”
Austin Hargrave
But that’s not happening anytime soon. In the past six months alone, EMPIRE has expanded into Australia, East Asia and South Africa and completed the acquisition of Top Drawer Merch to bring another monetization vertical into the fold for its artists. Ghazi is engaged in the industrywide debates surrounding superfandom revenue and is constantly seeking new opportunities; the two weeks prior to this driving tour, he had been in Tokyo, Seoul, Beijing, Cambodia, Singapore, Bali, San Francisco, Paris, Marrakesh, Singapore again, Seoul again, Las Vegas, Seattle and back to San Francisco: taking label meetings, shooting music videos, meeting with DSP partners, attending conferences and awards shows and directing work on the EMPIRE studios here, with the goal of expanding the company’s reach step by step — taking the stairs rather than the elevator, as he puts it.
“The goal is to be in all the places that make sense for us culturally,” he says. “Is the music interesting? Is the culture interesting? Holistically, how does it play with our DNA? What’s the cost of acquisition and retention? Do I like the music here? But the initial fuel is the passion; then, from there, start to figure it out.”
Joice Street is mobbed. The Nob Hill alley, around the corner from the Bruce Lee mural that adorns the wall next to the Chinese Historical Society of America Museum, is the location this afternoon for P-Lo’s “Player’s Holiday ’25” video shoot, and dozens of people, including some of the Bay’s biggest rappers — Saweetie, G-Eazy and Larry June among them — are filming on a basketball court on the roof of a building overlooking the city. Ghazi is there, not just because EMPIRE is distributing the song, which will appear on P-Lo’s album with Golden State Entertainment, but because he’s scheduled to make a cameo in the video.
Ghazi spends more than an hour on the rooftop, where he seemingly knows everyone — and everyone wants a minute of his time. But soon he heads back to the studio to return to work. The vibe there is low-key, but a typical cross section of artists and creatives are at work: Nai Barghouti, an Israeli-born Palestinian singer, flautist and composer, is in Studio C, working on songs for her new album before heading back out on tour; two producers from dance label dirtybird, which EMPIRE acquired in 2022, are in the live room, “ideating the next big hit of 2025”; a regional Mexican group sits on the patio outside, figuring out songs on a guitar; YS Baby from EMPIRE-owned viral content aggregator HoodClips (which has over 11 million followers) is talking about the podcasts he has lined up. Later, Japanese rapper-singer Yuki Chiba — whose 2024 collaboration with Megan Thee Stallion, “Mamushi,” reached No. 36 on the Hot 100 — takes over Studio A, where he plays a slew of songs slated for upcoming projects and discusses rollout plans.
EMPIRE may have gotten its start in Bay Area hip-hop and made waves on the front lines of West African Afrobeats, but these days it embodies the global outlook that Ghazi always envisioned; Shaboozey’s “A Bar Song (Tipsy),” after all, is a country crossover hit out of Nashville that reached No. 1 in 10 countries. EMPIRE partnered with Nashville-based indie promotion company Magnolia Music to handle its country radio campaign, and from there the single branched out to other formats, ultimately becoming the first song in history to go top 10 on four different Billboard airplay charts: country, top 40, adult top 40 and rhythmic. And Ghazi sees himself as a global citizen helping people around the world — “creating microeconomies” within the territories EMPIRE operates, he says — not just within the confines of the Bay Area.
Shaboozey and Ghazi at the 2024 CMA After Party.
Becca Mitchell
He is also the highest-profile Palestinian executive in the music business and has openly condemned the humanitarian crisis that has erupted during Israel’s war in Gaza. His Instagram profile picture is the Palestinian flag; he regularly shares videos and photos decrying the violence against civilians; he helped facilitate the remix to Macklemore’s track dedicated to Palestine, “Hind’s Hall,” and went to Seattle in October to support the rapper at a Palestinian benefit concert, despite Macklemore not being an EMPIRE artist. He stresses that he does this on a personal level, explicitly not to politicize the company. When asked if he feels a responsibility of sorts, given his profile, to help raise awareness about that humanitarian crisis, he simply says, “I feel like I want to be proud of the man in the mirror.” (“He’s Palestinian and I’m Israeli; we shared our great pain and anxiety over what’s happening in the Middle East,” says Cohen, who also calls Ghazi “a genuinely good guy.”)
But despite its global activities, EMPIRE has stayed focused on its local roots — and is continuing to strengthen them, too. In 2020, it started putting on the cultural festival 415 Day (which takes its name from a San Francisco area code) and has gotten further into live events through its deepening relationship with Another Planet. The San Francisco studio has become not just the creative center of EMPIRE’s operations but also an event venue for the city’s music and civic communities. And in a massive move in January, EMPIRE purchased the 100,000-square-foot historic Financial District building One Montgomery, built in 1908, for $24.5 million, according to The San Francisco Business Times; Ghazi plans to move the company headquarters there after renovating it. Eventually, One Montgomery could become the San Francisco version of the Capitol Tower that Ghazi envisioned all those years ago.
“There have been so many times that people have told him he couldn’t do something, and then he was able to do it, that it gave him all the fire and was the catalyst for him to be the person he is today,” says Moody Jones, GM of EMPIRE Dance, who has been with the company since 2018. “They told him he was crazy to have a music company in San Francisco; that he would never compete with a major; that he would never get out of hip-hop; that he would never open up a studio. They told him San Francisco would never be cool again. And every single time he was able to show them that, ‘No, I’m right.’ ”
That all builds into the larger cultural role Ghazi is playing in his city and beyond. Lurie just announced the inaugural San Francisco Music Week, a celebration of the city’s local music industry culminating in an industry summit with a keynote conversation with Ghazi. And while he says he’s not interested in San Francisco politics, he wants to be consulted from an advisory perspective on cultural events in the city and try to bring in more events beyond just music — Art Basel San Francisco is one that he has begun to advise on, though that project is currently on pause. He has worked with the city and the NBA on a slew of events around NBA All-Star Week and discusses the Super Bowl and World Cup in 2026 as further opportunities to showcase all that San Francisco has to offer. “For events like the NBA All-Star Game, Super Bowl LX, the World Cup, we get to show off all the greatness here, and Ghazi and EMPIRE and the artists they represent are part and parcel to what makes San Francisco so great,” Lurie says. “We need more Ghazis.”
Ahead of All-Star Week, he has made a series of moves and partnerships with the NBA and the Golden State Warriors, including with the game NBA 2K25, with which EMPIRE partnered for a first-of-its-kind deal that includes a limited-edition vinyl box set with 13 tracks by EMPIRE artists; EMPIRE artists on the game soundtrack; and Ghazi and some of EMPIRE’s artists scanned into the game itself. At the studio in September, he sat for an interview with NBA 2KTV host Alexis Morgan — who, to Ghazi’s delight, is also from the Bay Area — that will be part of NBA 2K25’s bonus features.
Ghazi (right) with NBA 2KTV’s Alexis Morgan.
Courtesy of 2K
But ultimately, it is all about the music. Shaboozey’s career is now in a superstar arc, and “A Bar Song (Tipsy)” will soon become EMPIRE’s fifth record with more than 10 million equivalent units in the United States according to Luminate, with over 1 billion on-demand streams. A few years ago, EMPIRE was flying largely under the radar, but Ghazi now has it at the top of its game, with a track record that speaks volumes in an industry based just as much on history as on what’s coming next.
“You always learn, all the time; you’re always adapting to what’s going on around you,” he says. “And sometimes you can’t believe how far you’ve come. But that only inspires you to go further.”
This story appears in the Feb. 8, 2025, issue of Billboard.
Horst Weidenmueller, the founder of label and music company !K7, has died at age 60.
A statement from !K7 provided to Billboard says his death followed “a serious illness” but did not elaborate on the specifics.
Born in the Black Forest region of Germany, Weidenmueller moved to Berlin and founded !K7 in 1985, when he was 21 years old. !K7 began as a music-video production company, later launching the DJ-Kicks mix series that would go on to become an influential and globally known platform for a wide range of DJs and producers.
!K7 began releasing artist albums in 1996, putting forth music from across the wide electronic spectrum. The company now has offices in Berlin, London and New York, with its label group including the in-house labels !K7, AUS, 7K!, Soul Bank and Strut Records.
In 2024, Weidenmueller was recognized with the prestigious IMPALA Outstanding Contribution Award for his influential work in the European independent music sector, an award that coincided with the 40th anniversary of !K7 Music.
The award acknowledged Weidenmüller’s advocacy for sustainability and inclusion in the music industry. As a long-time IMPALA board member and the founder of its Sustainability Task Force, he spearheaded the development of a bespoke carbon calculator for labels, in partnership with Julie’s Bicycle, Merlin and Murmur. He also helped establish IMPALA’s Business Case for Sustainability, emphasizing the financial benefits of environmentally conscious practices.
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The statement from !K7 continues that “beyond his role at !K7, Horst was a passionate advocate for the independent music community. As a long-standing board member of Merlin and IMPALA Independent Music Companies Association, he played a vital role in strengthening and championing the independent sector on a global scale. His contributions have left a lasting impact on the industry and will not be forgotten.“Our thoughts are with his family, friends, and everyone whose lives he touched. We will honour his memory by carrying forward the work and values he instilled in us. !K7 remains committed to continuing his vision with the same passion and integrity that he embodied.”
The company’s statement adds, “We kindly ask to respect his family’s privacy at this time.”
Warner Music Group has expanded its corporate development team by appointing Alfonso Perez-Soto as executive vp of corporate development, focusing on recorded music, and Michael LoBiondo as senior vp of corporate development, focusing on publishing. Both will report to Michael Ryan Southern, executive vp and chief corporate development officer, who has led WMG’s global M&A activities since August.
The company said this new structure provides WMG with dedicated dealmakers for each side of the business, enabling targeted investments and acquisitions across music rights and technology. Due to this reset, the leaders of Warner Music’s Emerging Markets territories, who previously reported to Perez-Soto, will now report directly to Simon Robson, president of Europe, the Middle East and Africa, recorded music.
Perez-Soto has spent much of the last two decades at Warner Music, having joined the company in 2005 as vp of business development for Latin America and US Hispanic markets. He was bumped up to senior vp in 2012 and in 2017 originated the position of senior vp, global business development and chief commercial officer, emerging markets. A year later he was elevated once again to executive vp of Eastern Europe, Middle East and Africa, and in 2021 was promoted to president of emerging markets. In that role, he has designed and implemented a growth strategy based on M&A, geographical expansion and organic artistic success that significantly expanded Warner’s footprint in these emerging territories. Earlier in his career, Perez-Soto held stints at Telefonica, Universal Music Group and Nokia.
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LoBiondo has been serving as head of business development for Warner Chappell Music, WMG’s music publishing arm, since 2021. In this role, he’ ha’s been responsible for identifying and executing strategic acquisitions and partnerships to benefit the publisher’s frontline songwriters and its iconic song catalog. Prior to this, he held various positions at WMG, where he had a hand in numerous major initiatives, including the acquisition of Parlophone Label Group and several Series A music technology investments. Between his tenures at Warner, LoBiondo worked at the artist development company mtheory. He began his career as an analyst at Goldman Sachs.
Southern expressed confidence in Perez-Soto and LoBiondo, calling them “tenacious and curious leaders with a deep understanding of the music industry and its key players… We’ve committed to grow WMG through a mixture of organic and M&A activity. Now we’ve got a dedicated dealmaking beacon for each set of rights that’ll enable us to continue to improve our service to artists and songwriters.”
After the holiday period subsided, Atlantic Records kicked the year off with a bang, and are now setting records and breaking barriers because of it. The chief reason: the runaway success of Rosé and Bruno Mars’ “APT.,” which this week spends its second week atop the Pop Airplay chart after becoming the first song by a K-pop artist to top that particular chart.
It’s a remarkable achievement for an artist, and a genre, that has been making waves in the U.S. for years now, first with BLACKPINK and now as a solo artist. And it’s not just on the U.S. pop airwaves that the song has been a massive success — this week, “APT.” spends its 14th week at No. 1 on the Global Excl. U.S. chart, tying the record for the longest-running No. 1 in that chart’s history, while also returning to No. 1 on the Global 200 for a 12th week, making it officially the No. 1 song in the world once again. And it helps Atlantic Music Group executive vp of promotion Brady Bedard earn the title of Billboard’s Executive of the Week.
It’s not just “APT.” fueling this hot streak; Mars, despite not having released an album since the Silk Sonic team up with Anderson .Paak An Evening With in 2021 and without a solo album since 2016, has three songs in the top 20 of the Hot 100: “APT.,” (No. 3), “Die With a Smile” with Lady Gaga (No. 2) and “Fat, Juicy & Wet” with Sexyy Red (No. 17). It’s another big moment for Mars, who just took over as the artist with the most monthly Spotify listeners, passing 150 million in January.
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Here, Bedard talks about the success of “APT.,” how the global numbers have boosted domestic radio efforts and why Mars is having such a moment right now. “He’s one of the most talented, important, versatile artists of this century who continues to build one of the best catalogs in music,” Bedard says. “He continuously elevates both popular music and popular culture with hit after hit after hit — and judging by the world’s reaction we can all agree we are all better for it.”
This week, Rosé and Bruno Mars’ “APT.” spends its second week atop the Pop Airplay chart. It’s the first-ever song by a K-pop artist to reach that mark on that chart. What key decision(s) did you make to help make that happen?
It was the sum of all the parts. Rosé was in prime position to finally break out as a solo artist, and with the iconic touch of Bruno Mars it marked for a perfect collaboration. There was, unanimously, an irresistible energy to the song which translated in the immediate huge metrics in the U.S. and globally. Programmers ear-picked it from the start, as did their audience. Starting with our chart debut until reaching No. 1, the weekly airplay growth was textbook. It’s almost never a straight line to get to the top of any airplay chart, but this one was as close as it gets to perfect.
Has K-pop become more accepted at pop radio now, or was there something in particular about this song and campaign that made it particularly effective?
The answer really is both. Now more than ever K-pop is seen as part of the pop pantheon. Beata Murphy at KIIS in Los Angeles created a two-hour specialty show — iHeartKPOP with JoJo — that now runs across every iHeart Pop airplay station on Sunday nights. That didn’t exist a year ago.
In the specific case of Rosé, genres get “labeled” a lot in the pop airplay sphere based on the type of artist — that’s a K-pop artist, or that artist is a country or rock artist, etc — and while “APT.” is by a K-pop artist and that rightfully should be celebrated, when all those labels are stripped away at its core it’s just a really great pop song by an incredible rising pop artist.
At the same time, the song ties the record for the longest reign at No. 1 on the Global Ex-U.S. chart, at 14 weeks. How does that tangible global success help you in the promotions world?
The work the core team at the label provides is essential to what we do in promotion. Of course, starting with the music, Rosé’s Atlantic A&R Gelareh “G” Rouzbehani and then on to [VP of marketing] Jackie Wongso running point on the crucial marketing efforts, [executive vp of streaming and sales] Drew Maniscalo on the commerce side working in tandem with Liz Drummey and the global marketing team. With [Atlantic senior manager of digital] Kyle Viti pushing the massive digital footprint, and [Atlantic senior director of media] Ted Sullivan on the press side rolling out strategic media appearances all with identifiable eye-popping creative integration from [vp of creative] Trevor Newton in partnership with THEBLACKLABEL is nothing short of invaluable. The massive success their teams did here in the US and globally armed us with the information and positioning our promotion team needed to give our radio partners the confidence in this record week after week. We couldn’t have maximized what we did on the airplay charts without their expertise and insight.
Between “APT.,” “Die With a Smile” with Lady Gaga and the Sexyy Red-assisted “Fat Juicy & Wet,” Bruno has three songs in the top 20 of the Hot 100, even without having put out a solo album in almost a decade now. What makes him such an enduring hitmaker, and how do you help boost that on radio?
And look at the sonic array of those three songs! Radio is drawn to him in the same way everyone else is. He’s one of the most talented, important, versatile artists of this century who continues to build one of the best catalogs in music. He continuously elevates both popular music and popular culture with hit after hit after hit — and judging by the world’s reaction we can all agree we are all better for it.
How has the job of promotions at a record label changed over the course of your career?
Having great music and strong relationships remains core to the art of promotion. The shift is really in the strategy. In general, when I started 25 years ago, promotion teams pushed a song on the radio to work toward breaking an artist or song. Radio airplay drove the consumer into the malls and retail record outlets to buy the music — a model that worked for decades. In today’s dominant streaming and social media climate, once an artist or song is identified and verified as a winner inside of the various forms of data and metrics, then we amplify with the radio audience to take it to another level — bigger and with a long-tail effect. How much audience and how many formats can we reach in a campaign? How many songs can we reach with chart topping success? And then, once we get there, how long can we stay there? That makes the promotion work navigating radio and its hundreds of millions of weekly audience impressions as important as it has ever been.
What predictions do you have or trends are you keeping an eye on in the music business for 2025?
I predict we will continue to see a rise in more genre-bending hit songs finding their way across multiple airplay charts.
Bell Partners Worldwide has acquired Tennessee-based Christian label Gotee Records’ label operations and Emack Music Publishing arm. The partnership marks the launch of a new division, Bell Partners Christian Music, aimed at expanding the global reach of Christian music artists.
Gotee executives Joey Elwood and Toby McKeehan (tobyMac) will continue in leadership roles at Gotee as well as at Bell Partners Christian Music, with Elwood serving as CEO of the latter.
Producers Todd Collins and Elwood, along with Grammy-winning artist tobyMac, founded Gotee Records in 1992. The label has launched the careers of artists including Christian hip-hop pioneers GRITS, Christian R&B group Out of Eden, Relient K (“Who I Am Hates Who I’ve Been”), Jennifer Knapp, SonicFlood (“I Could Sing of Your Love Forever”) and Jamie Grace. Gotee’s current roster includes Jon Reddick (“God Turn It Around”), Cochren & Co. (“Money Can’t Buy”), Terrian (“In The Arms”), Ryan Stevenson and Joseph O’Brien.
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Bell Partners Worldwide is headquartered in Stockholm, Sweden, with operations across the United States, Europe, Asia and Latin America. The multifaceted music company specializes in rights management, publishing, synchronization, licensing and label services.
“This isn’t an exit strategy — it’s a strategic evolution,” Elwood said in a statement. “After many discussions with Bell Partners, we saw the potential in combining our 30 years of independent label experience with Bell Partners’ global infrastructure. This partnership allows us to elevate Christian music on a worldwide scale, and we’re excited for what’s ahead.”
Hayden Bell, founder/CEO of Bell Partners, added, “We are excited to welcome Gotee Records into the Bell Partners family. Joey and Toby have built an amazing company that has been a cornerstone of the Christian music industry, and I couldn’t wish for better partners as we move forward. This partnership not only strengthens our commitment to nurturing talent but also underscores our dedication to expanding the global influence of Christian music. Together, we will unlock new opportunities for artists, empower their voices, and share their inspirational messages with audiences around the world.”