Record Labels
Page: 59
Four months after stepping down as chairman/CEO of Warner Music Nashville (WMN) and assuming the role of chairman emeritus, John “Espo” Esposito is resigning the emeritus title effective immediately.
In an email to the WMN staff Wednesday (April 19), Esposito wrote, “It’s that time of year when I head off to Nantucket to relax and reflect. This summer though, I will be reflecting on my next adventures, as I am stepping down as the Chairman Emeritus of Warner Music Nashville today. I’m so proud of what you’re all achieving as a team. I will always be the biggest champion of this team and the artists we signed and developed together. Keep rocking! See you in the fall.”
Esposito gave no reason for the move. However, when reached by Billboard, he said the change would give him more time to work with the T.J. Martell Foundation for Cancer Research as well as “travels and a chance to see the forest for the trees by taking some time.” In March, Esposito was named the chairman of the board of trustees of Nashville-based T.J. Martell, which is rebounding after an embezzlement scandal. “We got the double whammy of the COVID pandemic and somebody being a bad actor,” said Esposito of T.J. Martell in March. “I felt qualified with my knowledge of the organization and passion for them to do what I could to help get us back on track.”
Last June, when Esposito’s retirement as WMN CEO/chairman was announced, longtime WMN executives Cris Lacy and Ben Kline were elevated to co-presidents in preparation for Esposito transitioning to chairman emeritus status at the start of 2023. In early January, Lacy and Kline were promoted to co-chair/co-presidents.
Under Esposito, who had been at WMN’s helm since 2009 after coming over from WEA Corp. as president/CEO, the division’s market share quadrupled, according to parent company Warner Music Group. The label also said its artists have earned more than 300 gold and platinum RIAA certifications.
When Esposito’s shift to emeritus was announced, Warner Recorded Music CEO Max Lousada said in a statement: “Under Espo’s brilliant guidance over the past 13 years, our Nashville team has built superstar careers, attracted original new voices, innovated in the digital world, and championed the creative community.”
Universal Music Group Nashville (UMGN) has promoted Lori Christian and Rob Femia to executive vp of marketing and executive vp of business & legal affairs, respectively. The label group includes Capitol Records Nashville, EMI Records Nashville and MCA Nashville.
In her new role, Christian will oversee UMGN’s artist development, brands and sponsorship, as well as creative services, international marketing and media marketing departments for the label group’s artist roster. Christian was elevated from senior vp of marketing, a role she was tapped for in 2020 after leading the publicity department at UMGN following the 2012 merger of EMI and UMG.
Femia has more than 15 years of experience practicing entertainment law and joined UMGN in 2013 as head of business and legal affairs; he was promoted to senior vp in 2018. He will now lead the company’s business affairs department.
“Lori’s understanding of storytelling and weaving our artists’ narratives into framing their stories has been a critical element of UMGN’s success,” said UMGN chair/CEO Cindy Mabe in a statement. “Artist development is such a defining feature that separates our artists, especially in a world where everyone is looking for immediate gratification. Having Lori in this leadership role to help drive the key tenants of artist development across all of UMGN is going to change our artist growth strategy. I am so excited to see how Lori leads and guides a new era in artist marketing across UMGN.”
Mabe added of Femia, “It’s an honor to expand Rob’s leadership abilities beyond his vast business and legal knowledge. Rob has had a front seat in dealmaking for a while but as we expand the new goals of UMGN, Rob is helping to write and build the next era of the country music business. With the industry changing so rapidly, Rob is an essential partner to our future as Universal Music Group Nashville and his alignment and guidance of our staff and artists is critical to our success. It’s an honor to watch Rob shine and lead our company and I am thrilled to have him join our executive team.”
The promotions are part of an ongoing restructuring at the company following Mabe’s official ascent to the UMGN chairman/CEO role on April 1 following former chairman/CEO Mike Dungan‘s retirement. Earlier this month, senior A&R executives Stephanie Wright and Brian Wright, along with senior promotion executive Royce Risser, exited the company. Meanwhile, UMGN recently added to its artist roster, welcoming Brad Paisley into the fold.
Additionally, former UMGN executives Katie Dean and Rachel Fontenot recently teamed up to form a new label, Leo33.
Esteban Geller, who for nearly five years has led the marketing division at Sony Music U.S. Latin, has been promoted to the new position of general manager, Billboard has learned.
The Argentina-born Geller, based in Miami, will continue to report to Sony Music U.S. Latin president Alex Gallardo.
Geller was most recently senior vice president for artist relations & marketing for the label, working closely with superstar artists like Shakira, Maluma, Camilo, Rauw Alejandro, Wisin & Yandel, Manuel Turizo, Farruko and their teams. In his new role, he adds Puerto Rico and West Coast Operations to his purview, as well as radio/promotions and video commissioning.
“Esteban is one of the most dynamic, savvy, energetic, and enthusiastic executives in the business. He has played a key role in our expansion and the sustained success of countless acts,” said Gallardo in a statement. “He’s a true team player who doesn’t just envision big ideas; he actively executes them at the highest level.”
Highly-regarded among artists and management teams, Geller has gained a reputation as a tireless, proactive and solution-driven executive. His expertise comes from different fields. Prior to joining Sony Music in 2018, he worked with superstars Ricardo Arjona and Diego Torres (a Sony artists) and held jobs at event promoter Fenix Entertainment Group Latin America as well as MTV/Vh1 Latin America.
“It has been amazing to be part of Sony’s growth in the industry and I’m proud of what we have achieved over the past few years,” said Geller in a statement. “Every project is so important to us, and we approach each artist with the same care and diligence. Much appreciation to Alex and Afo [Verde, Sony’s CEO/President for Latin Iberia) who have entrusted me to not only develop music releases, but most important, artists careers.”
Halsey and Capitol Records have parted ways, a representative for the singer confirmed to Billboard.
“After eight great years the decision to leave Capitol is bittersweet, but we are excited about exploring a new partnership and sharing new music with fans,” Halsey’s managers, Anti-Pop’s Jason Aron and Anthony Li, said in a statement provided on Saturday (April 15).
Capitol had not yet responded to Billboard‘s request for comment at press time.
Explore
Explore
See latest videos, charts and news
See latest videos, charts and news
Variety published a statement from the label on the split, which was first reported by Hits: “Everyone at Capitol poured their hearts and souls into helping Halsey achieve their dreams and present their music to the world. We are incredibly proud of all we accomplished together and wish Halsey the very best in all their future endeavors.”
Halsey publicly spoke out against Capitol in May 2022, alleging that the label refused to release their next single, “So Good,” without a viral TikTok campaign attached to it. When her TikTok explaining the situation actually went viral, the artist grew more frustrated that the song wasn’t immediately given a firm release date.
The pop star had said, “My record company is saying that I can’t release it unless they can fake a viral moment on TikTok … Everything is marketing and they are doing this to basically every artist these days. I just wanna release music, man. And I deserve better tbh.”
A Capitol Music Group spokesperson responded to Halsey’s posts at the time in a statement sent to Billboard: “Our belief in Halsey as a singular and important artist is total and unwavering. We can’t wait for the world to hear their brilliant new music.”
After the rocky road to release, “So Good” officially debuted in June 2022.
Most recently, in February, Halsey released a solo version of the Post Malone collab “Die 4 Me.”
Halsey’s latest full-length studio album, 2021’s If I Can’t Have Love, I Want Power, peaked at No. 2 on the Billboard 200 albums chart. Her previous efforts all reached No. 1 or 2 on the chart: 2015’s Badlands (No. 2), 2017’s Hopeless Fountain Kingdom (No. 1) and 2020’s Manic (No. 2)
Sony Music Entertainment and its Certified unit have partnered with Mass Appeal to unveil 50 product releases to commemorate HipHop50 through Legacy Recordings, Record Store Day, Vinyl Me, Please, Get On Down, Mobile Fidelity and Urban Outfitters.
By way of Legacy Recordings, fans will be able to enjoy “new physical configurations, first-time digital releases, and limited-edition vinyl from the genre’s most influential and indelible icons, including Big Pun, Cypress Hill, Nas, OutKast, Q-Tip, RUN D.M.C., Three 6 Mafia, Wu-Tang Clan and more.”
To kick off the celebratory rollout, Nas’ Made You Look: God’s Son Live 2002 will drop on April 22. The exclusive Record Store Day vinyl will highlight Nas’ historic performance at Webster Hall in New York. It’ll also be available to stream the day before. Following that release, on May 12, Run D.M.C.’s 1988 classic Tougher Than Leather will be released on black vinyl on Legacy Recordings to celebrate its 35th anniversary. Then, Nas will have another reason to celebrate as his lauded 2003 effort, The Lost Tapes, will receive a vinyl update on May 26. According to a press release, “Get On Down is releasing Nas’ The Lost Tapes on limited edition double colored-vinyl in a gatefold jacket with numbered OBI limited to 2000 units.”
Last January, SME and Mass Appeal announced their initial partnership. “Sony Music and Mass Appeal will work together to showcase the creative excellence of SME’s dynamic talent and their contributions to music history through original content, experiences, merch and product collaborations in connection with Mass Appeal’s campaign leading up to this key milestone in Hip Hop culture,” said the release.
Position Music has sold a significant minority equity stake in itself to Vesper Company, a private investment firm founded in 2021 by executives formerly involved with a company that invested in Kobalt Music. In addition, Position Music has a new revolver credit facility from Pinnacle Bank. Terms were not disclosed for either deal.
Founded in 1999 by CEO Tyler Bacon, Position Music has a 40-person staff and occupies a 15,000-square-foot facility with office space and two recording studios, with four more studios currently being built. The company, which started as a synch music house, now consists of music publishing, a record label and a small artist management operation.
“I am excited to be partnering with the Vesper team as we enter this next phase of growth,” Bacon said in a statement. “With Vesper’s investment and strategic experience paired with our new credit facility from Pinnacle Bank, we are well-positioned to substantially build on the foundation we have built for 24 years.”
According to the company, Position Music’s publishing roster includes RIAA platinum-certified songs including Em Beihold’s “Numb Little Bug,” grandson’s “Blood // Water” (double platinum) and Judah & the Lion’s “Take It All Back,” along with gold-certified songs including Rotimi‘s “In My Bed” and Sueco’s “Paralyzed.” Its roster includes songwriters and/or artists such as Kid Bloom, Welshly Arms, Fantastic Negrito, Layto, Ryan Oakes, Blackway, 2WEI, TeaMarr and Judah & The Lion.
Position Music says the songwriters and producers it represents have written or produced songs for such artists as Avril Lavigne, Dua Lipa, Blink-182, Travis Barker, iann dior, Pop Smoke, Machine Gun Kelly and Avicii. Moreover, the company says it has recently completed joint ventures with Big Noise Music and Champagne Therapy Music Group. Position Music provides its own administration in the United States, while Kobalt serves as its international administrator.
Vesper was founded in 2021 by David Caro, Shamit Grover and Raj Gopal, formerly with MSD Partners. They were involved in that firm’s purchase of a minority stake in Kobalt Music Group, first made in 2014.
“For over twenty years, Tyler and his team have shown a strong commitment to serving artists and songwriters and helping them reach the next level of their careers,” added Gopal in a statement. “We’re excited to support the continued growth and evolution of Position Music.”
According to SEC filings, Vesper has raised at least $36.5 million in selling securities since its founding, although that appears to be related to another Vesper investment: its acquisition of New England Marine Monitoring. That investment, like its stake in Position Music, is apparently part of its investment strategy of partnering with companies that the firm can help scale through providing “strategically aligned capital and active support,” according to its website.
“Few independent music companies today can match Position Music’s scale, track record, and depth of synch and creative services,” Vesper’s Caro said in a statement. After his involvement with MSD Partners — but before the formation of Vesper — Caro served as head of corporate development at Kobalt, according to his LinkedIn profile.
With its new investment partners, Bacon tells Billboard that Position Music will organically expand by signing another 15 artists to its label roster in the near future and another 20 or so songwriters and/or producers in the next few years. Moreover, it will continue to selectively acquire current music assets, mainly in the pop and hip-hop genres; it recently completed two such buys in deals that included going-forward songwriting contracts. Bacon says the company is also open to doing more joint ventures.
As for investing in legacy music — a preferred asset class for most institutional investors — Bacon says the company’s financing is currently not set up to accommodate that type of investment strategy, though he doesn’t rule out making such investments somewhere down the line.
Position Music was represented by Shot Tower Capital and Reed Smith. Vesper Company was represented by Drummond Woodsum and Greenberg Traurig.
In other Position Music news, Bacon announced that vp/head of A&R Mark Chipello, vp/head of synch Emily Weber and vp of A&R and gaming Jake Versiuis have been made partners at the company.
Tyler Bacon (second from left) with his newly announced partners at Position Music: Jake Versluis, Emily Weber and Mark Chipello. / Mallory Turner
Provident Entertainment has signed five-time Grammy winner Brandon Lake to its artist roster.
Lake’s song “Gratitude” is in its 11th week atop Billboard’s Hot Christian Songs chart and previously reached No. 1 on the Christian Airplay chart (where it currently resides at No. 3).
“I couldn’t be more excited to partner with Provident and for what’s to come,” Lake said via a statement. “With their team, I feel a genuine friendship and partnership, and know that there is a united goal of wanting to serve. This isn’t just about success, or trying to get the next #1; it’s about people, and serving people well.”
Lake’s most recent album, Help!, draws awareness to mental health and includes the Christian Airplay top 20 hit “Fear Is Not My Future (featuring Chandler Moore) and “Don’t Give Up on Me.” In addition to his solo music, Lake is known for his collaborations with Elevation Worship, Bethel Music and Maverick City Music. He is currently on the road on the 26-city Miracle Nights Tour with guest Benjamin Williams Hastings, and this fall, Lake will co-headline arenas on the Summer Worship Nights Tour with Phil Wickham.
“Very rarely do you get to come alongside an artist like Brandon whose songs, music, and ministry are already having such a significant impact around the world,” said Holly Zabka, president of Provident Entertainment, via a statement. “His passion for the Gospel and desire for teamwork has been evident each time we met about this new partnership. We are thrilled to welcome Brandon, his family, and the entire Brandon Lake team as new members of the Provident Entertainment family.”
“We’re thrilled to announce that Brandon Lake has signed with Provident Entertainment,” added Lake’s manager, Brandon Breitenbach. “Brandon is an exceptional artist whose music has already touched countless lives, offering a message of hope and redemption that have the power to transform hearts and minds. With Provident’s support, I’m confident that Brandon will continue to make a meaningful impact in the world. We’re excited to witness this next chapter in Brandon’s career and look forward to supporting him every step of the way.”
At this year’s Grammy Awards, Lake was honored for his work on a few songs, including “Fear is Not My Future,” which won best contemporary christian music performance/song, while his work with Maverick City Music on the 2022 EP Breathe garnered a best contemporary christian music album Grammy.
Lake previously told Billboard that he is working on a new album.
“I have a ton of songs and we are figuring out which ones will land on the new album and we are getting into pre-production,” he said. “We also have some songs on the next Elevation Worship record that are coming out, so collaboration is not slowing down.”
Warner Music México has announced the launch of Gorgona, a label which will be “completely” run and managed by women, and will also be focused on promoting women talent.
According to a statement issued by the company Wednesday (April 12), the “historically low” presence of women in key senior industry roles initially led to the formation of Warner Music México’s Gender Equality Committee, comprised exclusively of women across the organization. Then came the idea of creating a label in which all roles — from songwriting to digital music services — would be executed by women.
The creation of Gorgona — a creature who is a protective deity of women according to Greek mythology is — led to their first songwriter’s camp attended by Ali Stone, Erika Vidrio, Escarlata, Ingratax, Marian Ruzzi, and other artists, producers and songwriters.
“The atmosphere in our first camp was very friendly because everyone felt that their opinions and voices were validated in the studio,” says Andrea Fernández, A&R manager at Warner Music Mexico and the label’s creative leader. “They had practically never attended a camp where the participation of women was greater than that of men. We came out with a network of creative women who were able to get to know themselves and their work and produced spectacular songs.”
“Cypher 1: Ella”, which dropped on International Women’s Day, was the first release under Gorgona. A collaboration between singers and emcees Mabiland, Emjay, Mare Advertencia and Delfina Dib, the alternative, urban-leaning song was produced by Maria Vertiz, mixed by Marcella Araica and mastered by Natalia Schlesinger.
The underrepresentation of women in the industry in Mexico reflects the reality of music in general. A report on inclusion issued by The University of California Annenberg Inclusion Initiative earlier this year found that women have been woefully underrepresented across the recorded music industry.
The number of women with producer credits continues to be low. In 2022, only 3.4% of producers were women across all songs included on the year-end Hot 100 chart, according to the report, which examines the gender of artists, songwriters and producers across all 1,100 songs included on Billboard’s Hot 100 year-end charts spanning from 2012 to 2022. Moreover, women represented only 30% of the 160 artists on the Hot 100 year-end chart, while men made up 69.4% and artists who identified as non-binary made up less than 1%.
Chilean singer-songwriter Polimá Westcoast signed a global deal with Sony Music U.S. Latin, Billboard has learned. With this agreement, the up-and-coming artist expands his relationship with the label after previously singing with Sony Music Entertainment Chile in 2019.
Born Polimá Ngangu Eduardo Miguel Orellana, the Santiago-born act entered the music industry in 2018 with his edgy “Trap Star,” which captured his trap star-meets-rock star attitude. Polimá Westcoast gradually made a name for himself as a local artist performing at the important Lollapalooza Chile Festival last year and at Viña del Mar International Song Festival in February.
“This is something fundamental for me that not only I worked on, but also along my great team,” the singer said in a statement. “A lot is happening with my career at the international stage. We are ready and determined to take the necessary steps to achieve the next level.”
Although Polimá has been making music for some time now, it was his Pailita-assisted track “Ultra Solo” released last year that really put him on the map. It peaked at No. 9 on the Billboard Excl. U.S. chart (dated July 2, 2022). He later landed a remix alongside Paloma Mami, Feid and De La Ghetto. In the past, he’s also collaborated with J Balvin and Quevedo.
“We are very happy to continue working with Polimá Westcoast, who has proven to be one of the most talented and creative artists of his generation,” added Alex Gallardo, president of Sony Music U.S. Latin. “We are confident that together we can bring his music to new audiences worldwide. Today, we welcome him to Sony U.S. Latin, where we are committed to helping him continue to grow his name internationally and become one of the biggest names in Latin music.”
This week, Lana Del Rey released her ninth straight top 10 album on the Billboard 200, with Did You Know That There’s a Tunnel Under Ocean Blvd debuting at No. 3 on the chart. But it was the manner of that debut that caught the eye: of the 115,000 equivalent album units the record racked up in its first week, 58,500 units were vinyl — the biggest vinyl sales week of the year so far and the best of her career, with it also available on CD and cassette. And the remainder of the sum equated to some 36.14 million on-demand streams, the biggest streaming week of her career, to boot.
That success was no accident: the singer has always sold well at the vinyl format, according to her label Interscope Geffen A&M, and the label and her management team at TAP prioritized the format, as well as the other sales variants, in order to have them available the day the album came out, resulting in the big sales week. And that strategy helps earn Interscope Geffen A&M chief revenue officer and global head of streaming and strategy Gary Kelly earn the title of Billboard’s Executive of the Week.
Here, Kelly breaks down what went into the big vinyl and sales week for Lana Del Rey, as well as how that major streaming activity helped play into the overall success of the album. “We always like to begin with what the demands of the fans are,” Kelly says. “This is what you see here, so every music product we created was based on our insights for what the fans would want to own.”
This week, Lana Del Rey’s Did You Know That There’s a Tunnel Under Ocean Blvd debuted at No. 3 on the Billboard 200 with 115,000 equivalent album units, with vinyl making up 58,500 units — the best vinyl sales week of the year so far and best of her career. What key decision did you make to help make that happen?
Lana has been at the forefront of the vinyl resurgence, so our strategy was based on years of historical data and her overall growth with the Gen Z audience, who we know love vinyl to listen to and also to show their fandom. The Interscope revenue team worked closely with [her management team] Ben [Mawson], Ed [Millett] and Wendy [Ong] at TAP Management to ensure the album was delivered in time to ensure we had the master and the packaging in time to deliver for street date.
The album had six vinyl variants, with several exclusives available in different stores. How did you develop that strategy and how did you see it pay off?
On previous releases we had productive campaigns with partners like Target, indie retail, Amazon and Urban Outfitters. We looked at that historical data to determine the best path for Lana’s new project.
Have production delays for vinyl gotten easier, or does it still require long lead times? And how did you navigate that?
The supply chain issues that we experienced at the height of the pandemic are improving and we were able to manage inventory to ensure that we had plenty of the vinyl. Long lead times however still exist, but Universal Music Logistics has done a good job turning around reorders quickly. That helped tremendously, as some of the initial allocations sold out and we had to re-run additional inventory that arrived in time for street date. That would not have been possible in 2021 or 2022.
The album was also released through nine different CD variants, and also five different cassette versions. Why lean so much into those formats?
We always like to begin with what the demands of the fans are. This is what you see here, so every music product we created was based on our insights for what the fans would want to own.
The debut also marked the biggest streaming week in Lana Del Rey’s career. How did the streaming and sales strategies dovetail and feed off each other?
Lana having the largest streaming week of her career is tied to her making a brilliant album. She is a true artist and she pushes boundaries with every new project. New fans and audiences are catching up to her. That said, we look at streaming and sales audiences as having overlap, so when we launched the preorder and first single in December, we were driving pre-sales, but also driving fans to listen on the DSPs.
We had Lana in our Santa Monica recording studios in January and while listening to the album, there was a general feel from the marketing, digital and revenue teams that “A&W” would be the ideal song to release to further connect the streaming audience and pre-sales. It worked perfectly as the song reacted incredibly well with fans across the world and drove a substantial number of preorders. In fact, preorders jumped around 20%, which is unusual given that we had already amassed thousands of preorders because they had been available for almost three months by that point.
The album also reached No. 1 in the U.K., Australia and several other countries around the world. What was the global strategy with regards to this release?
We worked with Ben Mortimer, Stephen Hallows and the rest of the Polydor team to craft an in-depth global strategy with the UMG teams across the world. The Interscope international team did a great job working with the local affiliates to ensure the best plans were in place and executed. The results show how deeply connected we were with all of them between DSP campaigns, physical partner campaigns along with our direct relationship with fans across the world with our D2C strategy.
Do you see the future of physical sales as being more merch item or niche consumer product?
Most of the physical music products are built for segments of the fans that want to own something from their favorite artist to show off their fandom. That said, I do not see these as niche as much as reflective of what these fans want. Will those tastes change in the coming years? That most likely will be the case and we will want to adjust what we, and the artist, create to match fan interests and preferences.
Previous Executive of the Week: Joseph Oerke of Decca