Record Labels
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Beginning in September 2022, Ron Poore and his Atlantic Records radio promotions team emailed and called alternative-rock program directors for months to convince them to add Paramore‘s new single, “This Is Why,” to playlists. Their efforts paid off: The song hit No. 1 on the Alternative Airplay chart in February 2023. “You work that record for weeks and weeks and weeks, and all of a sudden it starts showing up in the research,” says Poore, then Atlantic’s senior vp of promotion, alternative and rock and a 21-year veteran of breaking radio hits by Death Cab for Cutie, Coldplay, Portugal. The Man and others.
“This Is Why” is an example of a classic record label promo story: an experienced major-label staff working radio connections to achieve chart success. But it didn’t end well for Poore. In February, Atlantic laid off Poore as part of an industry-wide downsizing that hit promo teams especially hard.
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“Five years ago, 10 years ago, it’s radio, radio, radio,” Poore says. “And now it’s the last thing we do at these labels.”
Layoffs at two of the top labels, Universal Music Group and Warner Music Group, began in February, affecting dozens of employees, many in traditional media positions such as publicity, marketing and radio. (Sources say similar cuts affected Sony Music Entertainment as well.) The layoffs have had little to do with the companies’ financial health: Universal earned $12 billion in revenue and $1.3 billion in net profit last year, and Warner said it is coming off its best quarter ever. But top executives from both labels announced they were adapting to a long-running industry shift towards new technology.
In a late February statement announcing layoffs of roughly two dozen staffers, Julie Greenwald, chairman/CEO of Warner-owned Atlantic Music Group, said, “The changes we’re making today are primarily happening in our radio and video teams.” And Lucian Grainge, Universal’s chairman/CEO, told staffers in January, before the latest layoffs, that the label would be “not just expanding geographically and leveraging new technologies” but “further evolve our organizational structure to create efficiencies in other areas of the business.”
From a practical standpoint, according to Diane Monk Harrison, a radio manager at Warner-owned distribution company WEA, who lost her job in mid-March, that meant the industry layoffs have been “disproportionately affecting radio promotion.” The broadcast business is shrinking: The biggest radio company, iHeartMedia, has been downsizing since the pandemic, including a recent wave in the last few weeks. That means fewer programmers exist for major labels to lobby for extra playlist adds. “Radio is still extremely important,” says Skip Bishop, a former longtime promotion executive at Sony and other labels who has been a consultant for more than a decade. “But it’s just an evolution. You don’t need six regionals, three nationals, two vps and an svp [at a label] when 20 to 45 people are making the decisions that 200 people used to make at radio.”
Adds a major-label source: “In the old world, you might have radio-promo people who were earning the same, or more, as the head of A&R. That’s not going to happen in the new world, for obvious reasons. What is happening is the labels are keeping the absolute very best radio people.”
As listeners have shifted away from old-school radio stations in favor of on-demand streaming, the radio business has declined: According to Nielsen Media Research data, weekly listenership dropped during the pandemic, from 89% of adult Americans in 2019 to 82% in 2022. The medium’s most resilient advertising area is in digital sales, a recent Radio Advertising Bureau and Borrell Associates study shows, and not in AM-FM airplay. “The only portion of radio that’s growing is not dependent on music,” says Gordon Borrell, CEO of Borrell Associates, an analyst group that focuses on media advertising and marketing. “I don’t think the record labels are daft of what has happened to the industry in terms of listeners, and they’re well aware of the aging nature of terrestrial radio programming.”
iHeartMedia has more than $5.2 billion in debt and has been laying off personnel over the last few years, including a wave of reported layoffs in early 2024. (Audacy, another broadcast giant, filed for bankruptcy in January, owing $2 billion in debt.) As the number of radio employees decreases, major label staff who attempt to influence them have made proportionate changes. “It makes sense to shrink your radio promotion when there’s less radio people to deal with,” says Don Cristi, a veteran radio programmer recently laid off as iHeartMedia’s senior vp of programming in Tulsa and Oklahoma City. “I dealt with way more ‘nationals’ in the last few years [from labels] than what used to be called your regional guy.”
And many independent artists are going around both labels and radio entirely, having “already done the heavy lifting” to break on TikTok and other social media, according to an indie R&B and hip-hop music executive. “Nothing will ever go back to the way it was just five years ago,” this person says. “A label may shift from promo field execs to mobile digital execs, just as radio is now relying on its digital real estate to generate additional revenue.”
Still, the radio business has shown resilience: 82% of U.S. listeners is no small number, and a recent Chartmetric study shows radio maintains a powerful ability to break hits. Stations aired 7.4 million songs roughly 102.4 times apiece, for a total of 755 million spins, in 2023, and the top 10 radio songs earned major streaming boosts. And while rock, pop and hip-hop artists have become less reliant on radio in recent years, some genres, including Latin and country, remain attached to radio. “Music companies continue to be very important strategic partners with the entire radio industry and there are no signs that is abating,” says Wendy Goldberg, iHeartMedia’s spokesperson, in a statement. “Labels rely on broadcast radio to break new artists, because in order to introduce new music to the masses, you need radio and its unparalleled reach.”
At many labels and artist management companies, radio and streaming teams are working in tandem, befitting the hit-breaking relevance of both media. “As for now, they’re both very valuable,” says Bob McLynn of Crush Music, which manages Miley Cyrus, Green Day, Fall Out Boy, Sia and others and employs radio and label veterans on its promo staff. “You could argue [radio] is not what it was 15 years ago. When you got a hit on radio, that was the all-being. Sometimes you used to lead with radio, and now radio comes later.”
Robust radio promotion departments have been expensive for labels to maintain: It costs money to send employees from New York, Los Angeles or Nashville to build relationships with programmers throughout the U.S. Still, these departments are where labels keep “boots on the ground,” as Monk Harrison calls them: employees with an understanding of how fans in Omaha or Detroit discover artists, attend shows and follow local entertainment from concerts to sports. “Relationships are still key and no algorithm can replace that,” says David Linton, a former executive at Capitol, Island and Arista who is a program director with jazz station WCLK in Atlanta.
Ed Brennan, who was Atlantic’s vp of alternative promotion until he lost his job in late February, plans to use these kinds of relationships to build his own company, White Leather Projects, potentially focusing on artist management, tour marketing and radio promotion. In the meantime, he’s concentrating on more important issues. “The first thing I did when I got the phone call that my position was to be eliminated, I volunteered to chaperone my son’s field trip at school. He’s 8,” Brennan says. “I’m excited about the unknown future.”
Additional reporting by Gail Mitchell.
KAI Media, a company that focuses on physical K-pop music and fan events in brick-and-mortar locations, raised $3 million from existing investor CRIT Ventures to fund expansion beyond its Los Angeles base. The company, which operates under the name hello82, had previously raised $5 million from CRIT Ventures, Kakao Entertainment, Snow Corp. and other investors. […]
YG has agreed to a multi-album partnership deal with BMG under his 4Hunnid record label, it was announced today (April 3). “BMG is making big waves in the industry right now,” YG tells Billboard. “This partnership will take my music to new heights. The BMG team understands the vision for my music and business. Excited for […]
Recording Industry Association of America (RIAA) COO Michele Ballantyne has been promoted to president, the organization has announced. She will continue to serve as COO, running daily operations and managing RIAA’s 56-person team.
A 2024 Billboard Women in Music honoree, Ballantyne serves on the RIAA executive leadership team alongside chairman/CEO Mitch Glazier while spearheading daily operations and helping lead advocacy efforts across the industry. During her tenure, she’s played a key role in the passage of the landmark Music Modernization Act as well as the PRO-IP Act, which established the first U.S. intellectual property enforcement coordinator in the executive office; and the Higher Education Opportunity Act, which provided colleges and universities with tools to reduce the illegal downloading of copyrighted works on campuses.
“I love my job, and I feel really lucky to have it,” Ballantyne tells Billboard in an exclusive interview (full Q&A below). “Music is something that is so important to everyone, and there are obviously lots of challenges…AI, TikTok, COVID. But one thing I’m really proud about is that at RIAA we’re nimble and we punch above our weight and I think that speaks a lot to the team we have in place. I really feel grateful to be at the helm with Mitch and see where we can take things.”
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Mitch Glazier, Busta Rhymes and Michelle Ballantyne
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More recently, Ballantyne has focused particular attention on the growing use of artificial intelligence in music and its ethical implications for creators. Under her leadership, the RIAA became a founding member of the Human Artistry Campaign, a coalition of music and entertainment organizations supporting ethical standards around AI that launched in August. The organization also supported the ELVIS Act, the landmark law designed to protect creators from AI deep fakes that was signed into law in March. On the federal level, the RIAA is supporting bills including the No AI FRAUD Act in the House and the NO FAKES Act in the Senate.
“Michele and I have had the privilege of guiding RIAA and supporting our member companies through amazing celebrations and challenges in the industry,” said Glazier in a statement. “I am grateful for her remarkable leadership and genuine care for people. Our playlists may not always be in sync, but our determination for a thriving and equitable community for music creators is.”
Ballantyne earned her law degree from the Georgetown University Law Center and started her career in government, serving in roles including general counsel for Sen. Tom Daschle, special assistant for President Bill Clinton and special counsel for former White House chief of staff John Podesta. She joined RIAA in 2004 as senior vp of federal government and industry relations. A Black female executive, Ballantyne’s work at the organization has also focused on social justice advocacy, including mobilizing RIAA members to support police reform bills, guiding the implementation of members’ social change commitments and managing the most diverse RIAA board of directors in its history.
On the occasion of her promotion, Billboard spoke with Ballantyne about her new role, the importance of combatting AI deep fakes, Universal Music Group’s dispute with TikTok and the possible implications of the upcoming presidential election.
You’ve been COO for several years now, but you’ve now added “president” to your title. How will your purview at the RIAA change?
It will change a little bit, but maybe not that much. It does catch up to the way we’ve been working, especially Mitch and I, who sort of approach things as a partnership. But the COO part, which is the sort of the nuts and bolts of running the organization and dealing with the internal stuff, it’s not all that I do. I do a lot of industry relations and coordinating with outside groups and coordinating with our member companies and making sure everything runs smoothly, that people are communicating. And so I think it reflects that piece of it too. I’m grateful for the recognition because I enjoy the work, and the title makes it clear to everybody.
You’ve been with the RIAA for around two decades now, and you’ve helped tackle some of the biggest issues in recorded music over that time. What do you see as some of the biggest issues facing the RIAA and its members currently?
No question it’s AI. AI has sort of supercharged everyone’s work. I am not the lead on it, but it’s everybody’s issue. We’re out talking about it and thinking about it and trying to figure out, “How are we gonna meet the challenges that it brings for artists and for labels and everyone in music?” It’s such a challenging time and everything is moving so fast. We’re just trying to figure out how we’re going to navigate all of it. And it’s an exciting time. It brings a lot of innovations to the table.
I think that the music industry in general is usually, in the time that I’ve been at RIAA, in the front. We’re the — I’m not fond of the saying — but the canary in the coal mine. All of these issues are ones that we confront first, the same as with file-sharing or any of those other issues that happened way back when. And the policymakers are grappling with how to handle these changes confronting society with AI, so it’s so multifaceted and very challenging.
We’ve been working on the deep fakes issue. That is one thing that pretty much everyone can come together around. We had that bill pass in Tennessee last week [the ELVIS Act] and we’re working on some federal bills as well. So, this is, I think, where all the focus is going to be. But in general, I think things are good, the industry is moving in a positive direction. You probably saw our revenue numbers came out earlier this week. One of the things that we’re so excited about, and I think that music companies have really embraced, is offering so much choice to fans. And I think that’s really positive.
I was curious about the year-end report. One interesting takeaway is that the record labels may have become almost too reliant on paid subscriptions for revenue and revenue growth. Do you think that revenue mix needs to be more dynamic? And if so, how do you feel labels can get there?
That’s a very tricky question. I’m not sure I can really answer that one. There are a lot of different components that go into it. And a lot of the pieces that are business issues, we aren’t at RIAA going to be able to see into those. It is a concern, for sure, and something that our folks are paying attention to.
I will say that one of the things that I have noticed that has changed most over the time that I’ve been at RIAA is this willingness to innovate and pivot. When I first came to RIAA in 2004, the focus was on how do we address file sharing? It was the Grokster case, and I think that within the companies, the old guard has sort of shifted out and the folks who are there now and have come in have very successfully navigated those challenges to the place we are today.
Today, everyone streams and anybody can get the music they want, whenever they want it. And it is not something that even occurs to young folks. I have a 16-year-old. He doesn’t even think about like, “I can just go on Spotify and listen.” To me, watching that change has been really impactful. And I’m just trying to think about it, like, something exciting will happen next. I’m not sure what it is. But I think it will happen.
One of the other big stories in the last few months was UMG pulling its catalog from TikTok and the ripple effect that that’s had on the industry. What do you think needs to happen to resolve that dispute?
I don’t know. TikTok has has grown so fast, and even among our companies and among policymakers, there’s differing opinions on how to handle that. Universal certainly put their marker down, and we haven’t commented because our companies aren’t all in the same place about it. So I don’t know how that’s going to resolve and I also don’t know what’s going to happen with the federal bill that policymakers are pursuing to say that they’re going to ban TikTok. I mean, it passed the House. It’s very tricky.
We have a big election coming up. What should RIAA members be on the lookout for when either candidate wins, whether it’s Trump or Biden?
We used to go, Mitch and myself, to our companies and board meetings and we would talk to them about what’s happening in D.C. and how it’s all gonna shake out and what we think will happen based on what we know and our experiences working both in the House and the Senate. It’s really hard to tell now. We gave up some years ago on doing our own punditry. The polling doesn’t seem to be as reliable and, as a D.C. person, even some of my colleagues from prior administrations or from the Hill, they’re like, “It’s really hard to tell.”
The good news for everyone in the music industry, not just RIAA, is that largely music issues are bipartisan, and on the committees that handle intellectual property, policy and copyright issues, the Judiciary Committee, they are dealing with many more complex issues such as guns and immigration and reproductive rights and so on. So a lot of times they are more willing to come to the table to talk about music issues, for a variety of reasons. One is that they can get to an agreement, there can be some bipartisan action, and, you know, music touches everyone. And policymakers are no different.
I think that hopefully we can get some action on making sure that we continue to protect the rights of artists and labels and songwriters and others in the music community, and not roll back any rights. We’ll be paying particular attention to AI and deep fakes and making sure that their rights are protected there. But it’s not clear how things will go, either from the standpoint of the election, but also getting bills passed is really hard nowadays. But can we get some engagement? Yes, we’ll get engagement. A lot of times what we try to do too, is if members feel like bills won’t pass, there are other ways to get them to engage, to help bring parties, stakeholders to the table to talk through issues and see if we can get some resolutions and things like that. I expect that to continue. But, you know, D.C. is…it’s tricky.
This interview has been edited and condensed.
Country artist Orville Peck has signed with Warner Records – and has already teased new music on the way.
“I was ready for a change,” Peck tells Billboard. “I spent most of last year making several huge changes to all aspects of my life – my career being just one of them. I was ready for a clean start.”
Today (April 1), Peck announced his first release on the label: a collaboration with Willie Nelson. The pair will duet on a cover of “Cowboys Are Frequently Secretly Fond of Each Other,” a song originally released in 1981 by Latin country artist Ned Sublette and covered by Nelson in 2006. Peck himself previously performed a rendition for SiriusXM and at his 2023 Hollywood Bowl show.
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Jeff Sosnow, EVP of A&R at Warner – whom Peck calls “the GOAT” – tells Billboard he met Peck a few years ago and was taken “not only by his musical acumen and knowledge, but also his sense of purpose, ambition and curation of his own world, which all extends from the music.”
“It’s rare to come across an artist who checks so many necessary boxes for a path to success – great songs, singular voice, curation of overall aesthetic and visuals, ambition, communication and work ethic. With [what’s ahead], we have a real opportunity to fortify and grow Orville’s base and reach.”
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In 2019, Peck released his debut album Pony on Sub Pop. The following year, in 2020, he signed with Columbia and released his major label debut EP Show Pony. Two more EPs followed in 2022 leading up to his second full-length that August, Bronco.
“I was drawn to Warner because of their unique emphasis on their artists,” says Peck. “It may seem like it should be the standard but more and more, the music industry invests less and less in artists.” He says in addition to Sosnow being “a genuine fan of music,” he has “great respect” for Warner CEO and co-chairman Aaron Bay-Schuck along with COO and co-chairman Tom Corson. “They have helped me to feel so motivated,” he adds.
Currently, Warner is on a hot streak with its superstars and emerging talent alike. Next month (on May 3), Dua Lipa will release her anticipated album Radical Optimism, while Zach Bryan is currently playing to sold-out arenas on his The Quittin Time Tour. Plus, rising acts like Teddy Swims and Benson Boone occupied the Hot 100’s top two slots last week with “Lose Control” and “Beautiful Things,” respectively.
“The last five years have proven Warner has the patience and ingenuity to work with real artists with vision and songs and grow with them,” says Sosnow. “The structure of the company has put us in a unique place where we do indeed have a special sauce.”
Peck is signed to Brandon Creed’s Good World Management, and is managed by Creed along with Dani Russin and Anika Capozza. The firm says: “Warner has been in Orville’s corner for many years and when the moment arose to work together, they immediately seized the opportunity with incredible support and enthusiasm…We are so excited for this new partnership and couldn’t be more thrilled to be working with them.”
As Peck says, this next chapter can be defined by “evolution and exploration. I have honestly never felt so excited about my career before.”
Adds Sosnow: “The possibilities are really limitless for Orville. He is a generational talent.”
Orville Peck
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Concord has named veteran label executive Stephanie Hudacek president of its Rounder Records, the company announced Thursday (March 28). Hudacek, who founded and has served as president of distributor and label Soundly Music since 2017, takes over the label that is home to the likes of Billy Strings, Ruston Kelly, Sierra Farrell and Katie Pruittand has recently released posthumous albums from Gregg Allman and Dr. John.
Established in 1970 in Nashville, Rounder has been the home of artists like George Thorogood, Alison Krauss and Béla Fleck through the years, racking up 54 Grammy Awards along the way. Acquired by Concord in 2010, it’s one of eight standalone labels under the Concord Label Group umbrella, alongside Fantasy, Fearless, Loma Vista, PULSE, Easy Eye Sound, Concord Records and Concord Jazz.
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“Throughout her career, Stephanie has shown a deep commitment to artists and songwriters as well as an incredible intuition for what it takes to bring their music to the world,” said Concord Label Group CEO Tom Becci, who took over the top job last August, in a statement. “She has the requisite skills to preserve the label’s distinct history while ensuring her artists and team have the resources necessary for continued success in an evolving environment.”
Prior to launching Soundly Music, where she worked with artists such as Maggie Rose and Pony Bradshaw, Hudacek was GM of Riser House Records in Nashville, working in the country and Americana realms. Before that, she was an artist and tour manager, working with the likes of Joan Baez and Darrell Scott. For the past two years, Hudacek also doubled as president of Late August Records.
“It is an unbelievable honor to be able to lead Rounder Records,” Hudacek said in a statement. “Throughout its history, Rounder has shown an uncompromising devotion to great, authentic artistry, which has made it a natural home for artists seeking the same. That is a tradition I am thrilled to carry on.”
The RIAA’s release of 2023 revenue figures show U.S. record labels are increasingly reliant — possibly too much so — on paid subscriptions for both revenue and revenue growth. While consumers continue to pay for premium streaming services, ad-supported on-demand streaming is languishing and newer platforms like TikTok provide more promotion than they do royalties.
The top-line takeaway of the RIAA’s 2023 report is that the U.S. market grew 7.7% to $17.12 billion, an improvement from the 6.6% uptick seen in 2022. Without adjusting for inflation, 2023 revenue was about 17% above the CD-era peak of $14.6 billion set in 1999, marking the ninth straight year of revenue growth after the U.S. market bottomed out at $6.95 billion in 2014. After nearly a decade of gains, the record business is healthy and stable.
But look over the RIAA’s report and you’ll see the U.S. market is missing the dynamism it could — and wants to — have. The revenue mix doesn’t have the diversity of past years. It’s not for lack of effort: Record labels are partnering with AI startups, licensing music to social media platforms and looking for new ways to engage with big spending superfans. But emerging categories remain just that — emerging — while other categories don’t yet provide much of a revenue boost. On-demand streaming turned around the industry, made music into an appealing asset class for investors and allowed handfuls of companies to go public. But where does it go from here?
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Here are five takeaways from the report.
The U.S. market is more reliant on paid subscriptions than ever.
Revenue from paid subscriptions from premium music streaming services such as Spotify and Apple Music totaled $10.15 billion and accounted for 59.3% of total recorded music revenues in 2023, an increase from 57.8% in 2022 (and far higher than percentages seen during the preceding years: 57.2% in 2021, 57.4% in 2020, 53.4% in 2019 and 47.3% in 2018). But U.S. labels were even more reliant on subscriptions for revenue growth, with paid subscriptions accounting for 79.4% of that growth in 2023. Ad-supported streaming — services such as TikTok and Facebook — grew 21.5%, or $56.2 million, but accounted for only 4.6% of annual growth.
New subscribers are harder to find.
For all the growth attributable to subscription services over the last decade, it might not be enough for some markets. As Billboard noted on March 15, SNEP, France’s recorded music trade group, warned that revenue growth from subscriptions “is slowing down here while our market is far from having reached maturity.” Fortunately for the United States, subscription penetration has surpassed 50% of U.S. internet users, according to MusicWatch. But the 2023 RIAA figures suggest streaming services have already picked the low-hanging fruit and will need new products to attract new customers. With far fewer new subscribers in 2023 than in previous years, labels were fortunate that Spotify raised the price for its standard individual plan in 2023. After adding 7.6 million subscribers in 2022 and 8.5 million in 2021, the U.S. market added just 5.2 million in 2023. That’s a sharp drop from the 15.1 million new subscribers gained in 2020 when pandemic restrictions caused an uptick in both music and video on-demand streaming services. Price increases by Spotify in July and Amazon Music in both January 2023 and August helped average monthly revenue per user improve to $8.74, up from $8.35 in 2022.
Advertising has stumbled.
A few years after advertising revenue surged, ad-supported streaming’s strength is probably its potential to convert some free users into paying customers. Ad-supported, on-demand streaming revenue rose just 2.3% in 2023, an even worse showing than the 3.5% improvement in 2022. Things looked much better a couple of years ago after ad-supported, on-demand streaming revenue jumped 46.7% in 2021 following a slowdown in 2020 due to the COVID-19 pandemic. Ad-supported on-demand streaming actually did better in pandemic-stricken 2020, rising 32.2% even though the bottom fell out of the ad market when brands braced for a recession by curtailing their ad spending. It was a remarkable turn of fortune for the promise of ad-supported music; after Spotify’s ad-supported revenue jumped 81% in 2021, CEO Daniel Ek said the growing online ad market bode well for India, Indonesia and other developing markets where Spotify operates. Since then, however, subscriptions — especially in mature markets like the United States — have carried the load for Spotify and others.
Social media is growing fast but remains small.
The highest growth rate of any category in 2023 came from “other ad-supported streaming,” which includes relative newcomers to licensing agreements such as TikTok. Other ad-supporting streaming jumped 21.5%, to $317.7 million, making the category about 75% as valuable as the fast-declining download and ringtone category (which was down 12.2% last year). The downside is that the category remains a small part of labels’ business:. Last year, other ad-supported streaming accounted for less than 5% of total revenue growth — about 6% as much as subscription services.
Physical sales were dependable, not explosive.
Both LPs and CDs had double-digit growth in 2023 — 10.3% for LPs and 11.3% for CDs — as physical formats benefitted from enthusiasm for vinyl collectibles and K-pop fans’ penchant for buying multiple CD variants of new releases. Total physical revenue increased by $181 million, or 10.5%, to $1.91 billion, and it has grown 66% since 2018. That more than compensated for the $60 million decline in legacy digital formats such as track and album downloads and ringtones. Still, vinyl and CD sales accounted for 14.8% of 2023’s revenue gains compared to subscriptions’ 79.4%.
Universal Music Group (UMG) has expanded its relationship with HYBE to include the exclusive digital and physical distribution rights to the company’s artists for the next 10 years. UMG will also continue to collaborate with HYBE’s Weverse to onboard more UMG signees to the superfan platform.
Scooter Braun, CEO of HYBE America, will take on new responsibilities with the new agreement. The SB Projects founder and former manager to Ariana Grande, Demi Lovato and J Balvin will now oversee all promotional and marketing collaborations between HYBE and UMG in North America.
Notably, this exclusive distribution deal does not include social media sites YouTube, Meta and TikTok, allowing HYBE artists to remain on the short-form video app despite UMG’s current licensing feud with TikTok.
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The announcement builds upon the already established relationship between HYBE and UMG which started in 2017 with a partnership that gave UMG distribution rights to HYBE’s BTS in Japan. In late 2021, HYBE expanded the deal to grant UMG’s Geffen Records distribution rights for BTS in the United States and other regions, moving their U.S. distribution over from Sony Music’s Columbia Records.
Geffen and HYBE also worked together via a joint venture to put together the Netflix and YouTube streaming documentary series The Debut: Dream Academy in which the two music companies work together to form an American girl group using HYBE’s K-pop methodology.
Last year, BMG also moved some of its distribution to Universal Music. In October, the company announced that it would move its physical distribution to UMG’s Commercial Services divison, starting in the second quarter of 2024. It will be fully transitioned by the end of 2024.
“A partnership of this magnitude only comes together when both sides are equally committed to continued growth,” says Bang Si-Hyuk, Chairman of HYBE. “UMG is an iconic music company and together with HYBE, the potential is endless. We are certain that this will expand our global footprint, while benefiting our fans, artists, and labels.”
“Chairman Bang, Scooter Braun and Jiwon Park have brought an innovative and progressive vision to the industry that underscores music’s global power,” adds Lucian Grainge, Chairman and CEO of Universal Music Group. “With the opportunities in engaging the superfan via their groundbreaking Weverse model, we’re thrilled to grow and expand our platform business collaboration as we evolve together leading the music industry’s evolution.”
“This incredible partnership between our companies will ensure mutual benefits and collaborations for the fans, teams, artists, and labels around the world,” says Braun, CEO of HYBE America. “The opportunity created here not only allows us to help our current roster, but grow opportunities for independent artists and labels globally. I’ve known and respected Sir Lucian Grainge for many years, and alongside chairman Bang and HYBE CEO Jiwon Park, we look forward to the undeniable opportunities that will come from this partnership as we together grow the music industry’s future.”
Multiple Grammy-winning jazz guitarist-vocalist George Benson is rejoining the Warner Music Group (WMG). In addition to new music arriving later this year, the legendary artist and WMG are celebrating the reunion with a previously unreleased video featuring Benson in a live performance of the track “Lady Blue” in the late ‘70s. Explore Explore See latest […]
Paulo Londra has signed a new recording deal with Argentine indie Dale Play Records, Billboard has learned. The new deal will have Londra releasing new music under Dale Play, a label that has specialized in young, urban leaning artists from Argentina and whose roster includes producer Bizarrap, rapper Duki and urban/pop act Nicki Nicole, who all have scored major global hits. As with all Dale Play signings, Londra will be distributed via Sony’s The Orchard.
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Londra, 25, was one of the core pioneers of Argentina’s burgeoning urban and trap movement when he exploded onto the scene in 2019 with his debut album, Homerun. Signed to indie Big Ligas and distributed by Warner, Londra, with a sweet, distinctive voice and look that contrasted with his freestyle rhymes, was an immediate sensation whose music was able to cross over from Argentina to the world. Homerun debuted and peaked at No. 12 on Billboard’s Top Latin Albums and at No. 10 on Latin Rhythm albums.
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After this quick success, however, Londra entered into a lengthy, multi-million dollar dispute with Big Ligas partners Cristian (Kristo) Salazar and renown producer and artist Daniel Oviedo (Ovy on the Drums). Big Ligas alleged breach of contract while Londra filed his own suit accusing Salazar and Oviedo of fraud and negligent representation.
The dispute was finally settled nearly two years later in a Miami courtroom, but until then, Londra didn’t release new music. Terms of the settlement were not disclosed, but both parties issued a statement at the time saying they had “resolved their differences.”
Londra then signed directly with Warner Music Latina in March of 2022 and released his second album, an EP titled Back to the Game, which features collaborations with Ed Sheeran, Travis Barker, Timbaland, Feid and Duki. A first single, “Plan A,” debuted at No. 1 on Billboard Argentina’s Hot 100 chart.
The rapper and singer has been working on new music and is set to release new material in 2024 under Dale Play. He continues to be managed by Buena.