republic records
As the third quarter of 2024 comes to a close, a familiar label is atop the current market share standings: Republic, which for the second straight quarter maintains a market share north of 15%, a remarkable achievement.
But while the story of Republic’s second quarter was the dominance of Taylor Swift — whose Tortured Poets Department remains far and away the biggest album of the year so far, more than doubling the second-placed title and still going strong — the story of its third quarter is the huge surge of Island Records, which is included under Republic’s market share alongside Mercury Records, Big Loud Records, Cash Money and indie distributor Imperial.
Buoyed by the breakout successes of Sabrina Carpenter and Chappell Roan, Island posted a 3.81% current share (defined as released within the past 18 months) for the three months between June 27 and Sept. 26. If Island were broken out on its own, that would have been good for seventh among all labels for that period, which boosted its nine-month current market share to 2.15% — about 3.5 times higher than its current market share was through the first nine months of 2023, while that 3.81% mark for the third quarter was 6.5 times higher than for the corresponding three-month period in 2023. (With Carpenter’s Short N Sweet and Roan’s The Rise and Fall of a Midwest Princess at Nos. 1 and 2 on the Billboard 200 in this first week of the fourth quarter, that momentum is likely to continue.)
Trending on Billboard
That helped Republic post a 15.21% current market share through the first nine months of the year, itself a huge jump from its industry-leading 12.28% through three quarters of last year. But it wasn’t just Island: Republic itself is still floating on its TTPD high, while Post Malone’s F1-Trillion helped Big Loud and Mercury contribute to Republic’s share, too. And while Republic has receded slightly from the 15.72% it posted at midyear — when it outstripped the entire Warner Music Group — any label putting up a number higher than 15% is enjoying a massive year.
On the other coast, Universal Music Group’s other juggernaut, Interscope Geffen A&M, also saw a huge surge in the third quarter, which boosted its nine-month current share into double digits, as it posted a 10.13% share — up from 9.51% at the midyear mark and the 8.55% it held through the same period last year. The enduring success of Kendrick Lamar’s “Not Like Us” — which will get a Super Bowl-sized bump early next year, too — and Billie Eilish’s still-hot Hit Me Hard And Soft album helped Interscope become the only other label to reach higher than 10%. (Interscope’s share also includes Verve Label Group.)
The success of both Republic and Interscope — the two labels around which UMG reorganized earlier this year — helped parent company Universal improve more than two percentage points in current share over the same period last year, jumping from 34.61% through nine months in 2023 to 36.65% this year. That gain has come at the expense of the other two majors, which slipped a bit year over year: Sony Music Group dipped from 27.50% through the first nine months of 2023 to 25.89% through the first three quarters of 2024; while Warner Music Group dropped from 17.46% last year to 16.25% this year for the same period, though the latter recovered enough from its 15.68% mark at midyear to climb back above Republic Records.
Year over year, the indie sector by distribution ownership also grew, up to a 21.21% current share through the first nine month of this year, as opposed to 20.43% during the same period last year, a significant uptick; the biggest song of the year so far, Shaboozey’s “A Bar Song (Tipsy),” was released by indie EMPIRE. (EMPIRE does not report its market share to Luminate, so its individual share cannot be broken out.) By label ownership, the indie sector remains the biggest segment of the business, racking up a 37.09% current share of the market, though that has come down somewhat from the 39.49% it had through the same period in 2023.
Beyond Republic and Interscope, there is more good news from Warner Records (which includes catalog label Rhino and parts of Warner Nashville), as it stays on the hot streak it has been on for the entirety of 2024. Its 6.54% nine-month mark keeps it in third place once again, a full percentage point above fourth-placed Atlantic (which includes 300 Elektra Entertainment), which posted a 5.51% current mark, better than its first two quarters but still down significantly from its 7.39% mark at the three-quarter period of 2023. (Remarkably, despite coming out of the gate so hot this year, Warner Records hasn’t cooled down: its 6.98% third quarter was its best three-month period of the year.)
In fifth and sixth are a pair of Sony Music labels that move up a spot in the rankings year over year, though both dropped in market share over the same period last year: Columbia Records, which includes some RED labels in its share, posted a 4.41% current mark, a slight uptick from its midyear 4.35% but down from last year’s 4.93% nine-month mark, when it was sixth; and RCA, at 4.30%, a dip from the 4.64% it had nine months into 2023, though it is up from seventh to sixth for this quarter. Capitol Music Group, in seventh place so far this year, posted a 4.04% current share; through nine months of 2023, it was in fourth place, at 6.01%.
Epic Records, with several high-flying hip-hop releases this year from Future, boosts its share from 2.39% three quarters through 2023 to 2.79% through the first three quarters of this year, rising to eighth place; while Sony Nashville (2.10%, down from 2.50%) and Sony Music Latin (2.05%, up from 1.96%), round out the top 10 labels by current share.
Overall market share — which combines all a label’s releases in the marketplace, rather than just those of the past 18 months — rearranges the board slightly, though Republic (10.49%) and Interscope (9.98%) still lead the way, both with slightly improved totals from last year’s period. Atlantic’s vast catalog means that it leapfrogs Warner Records into third, with a 7.66% overall share (down from 8.31% last year), while Warner’s 6.86% — up from 6.63% in 2023 — sees it move from fifth place last year into fourth this year. Capitol and Columbia come in fifth and sixth, though in a virtual tie at 5.87%; Capitol edged out Columbia by three thousandths of a percentage point, essentially a rounding error. RCA (5.03%), Epic (2.75%), Sony Nashville (2.07%) and Universal Music Nashville (1.84%) round out the top 10.
Among the label groups, overall market share remained largely static year over year: UMG and Sony each inched up, to 38.47% and 27.25% respectively year over year, while Warner dipped slightly to 18.42% and the indies, at 15.85%, remained flat. The catalog side is largely the same story: UMG dipped two tenths of a percent year over year, while Sony gained half a point and WMG and the indies were down slightly. Among the individual labels, Interscope took the top catalog slot, jumping above Republic to take a 9.93% share of the market, with Republic’s 8.87% edging out Atlantic’s 8.39%.
Republic Records has appointed Eddie Sears as its new executive vice president of creative, effective immediately. The announcement was made on Sept. 3 by Republic president and chief operating officer Jim Roppo.
In his new role, Sears will lead Republic’s creative team, working closely with the label’s entire roster. His responsibilities will include overseeing creative strategy, packaging design, visual storytelling, and immersive fan experiences for both superstar artists and emerging talent.
The department will also focus on short and long-form visuals, photo shoots, logo creation, and more.
Trending on Billboard
Roppo commented on the appointment, stating, “Eddie doesn’t just dig into the music; he completely entrenches himself within each artist’s vision. He studies every detail and proactively devises a creative strategy befitting of that vision. His spirit, energy, and creative expertise are unmatched, and I’m honored to welcome him to the Republic Records family.”
Sears, in turn, acknowledged the importance of creativity in the music industry. “Nothing is as powerful as an idea. On a daily basis, our team builds ideas for our artists, and we do so with an entrepreneurial mindset. Jim Roppo, Monte, and Avery Lipman know the importance of creative, and they’ve placed it at the forefront of Republic Records. Moreover, they’ve given us the latitude and support to really make an impact. It’s an honor to work with such an incredible team.”
Born in Italy, Sears has spent nearly a decade as the creative director at Ultra Records, where he worked with a diverse roster including Grammy Award-winning Black Coffee, Benny Benassi, Grammy Award-nominated Sofi Tukker, and Steve Aoki. Before that, he ran his own creative agency in Milan, serving clients across various industries. Sears is also known for his work as a singer, songwriter, and producer under the moniker Rocket Pengwin.
Sears will be based at Republic’s New York headquarters, where he will continue to bring his innovative vision and expertise to the label’s creative endeavors.
Punjabi superstar AP Dhillon has signed a label deal with Republic Records, Billboard can exclusively confirm. The singer-songwriter-producer’s first release on the label will be “Old Money,” a new single and video arriving this Friday (Aug. 9), with a new album, The Brownprint, following two weeks later, on Aug. 23.
Explore
Explore
See latest videos, charts and news
See latest videos, charts and news
“Republic Records always saw the vision,” Dhillon says in a statement. “They got and understood who I am from day one. We’re all in harmony when it comes to this new music, and now I just can’t wait to show everybody what we’ve been cooking up.”
Monte Lipman, founder and chairman of Republic, adds, “AP Dhillon is not only an incredible artist who continues to defy gravity in real time, but a shrewd visionary with a global reach that has already sparked a cultural revolution. We’re thrilled to join forces with Universal Music Canada under the leadership of Chairman and C.E.O. Jeffrey Remedios to further extend AP’s impact and music around the world.”
Trending on Billboard
Born in India, Dhillon moved to Vancouver Island as a college student in 2015, and began independently releasing music in 2019. His 2020 single “Brown Munde” (“Brown Boys” in Punjabi) became a breakthrough, and has amassed nearly 700 million YouTube views to date.
Dhillon spent the following years touring globally while playing to arena audiences in Canada; now established as one of the more prominent Punjabi artists on the planet, his catalog has earned 94.5 million on-demand official U.S. streams, and 1.8 billion on-demand official global streams, according to Luminate.
Dhillon directed the music video for upcoming single “Old Money,” and the clip will star Bollywood icons Salman Khan and Sanjay Dutt. “‘Old Money’ is the perfect way for me to start my next era, especially with going big for the music video,” he says. “I came up with a concept that was influenced by all my favorite action movies, and Salman Khan and Sanjay Dutt showed up and killed it. I hope you love it as much as I do.”
Meanwhile, Dhillon co-produced the majority of The Brownprint, with DŹŁ (Future, Central Cee), Luca Mauti (J.Cole, Eminem) and AzizTheShake (BIA, Central Cee) also contributing to the upcoming album.
Republic Records has named Miles Beard and David Wolter as co-heads of A&R, the company announced today (July 15). Beard, based on the West Coast, and Wolter, based on the East Coast, will report to label president and chief creative officer Wendy Goldstein.
The duo, who both joined Republic in 2022, had previously served as executive vice presidents of A&R for the label. Their new roles will see them jointly lead the A&R development and strategy for the company, as well as oversee partnerships, alongside executive vp Danielle Price, who oversees the R&B/hip-hop A&R team.
“When it comes to A&R, Miles and David are two of the industry’s most savvy and visionary executives,” Goldstein said in a statement. “They could not be more different in terms of preferences, approach and even location of the two coasts, however they’re the perfect match to run this department. They share a rare passion for music and they’re intensely committed to championing their artists. Their partnership is genuinely next-level and will be integral to our success going forward. Our focus is creating a dominant A&R team with them along with our hip-hop/R&B initiatives.”
Trending on Billboard
Beard has worked with the Jonas Brothers, with Republic’s K-pop partners on Stray Kids and TXT, and on Republic’s recent deal with Nigerian label Mavin for the singer Ayra Starr, among other projects. Wolter, meanwhile, has worked with artists like Conan Gray, Greta Van Fleet, Miranda Lambert and Zoe Kravitz for the label. Republic Records — also home to superstars like Taylor Swift, Ariana Grande, The Weeknd and more — is part of Republic Recording Company, alongside Island Records, Def Jam Recordings, Mercury Records, Casablanca Records, indie distributor Imperial and the Corps team, under Monte Lipman and Avery Lipman.
“It’s incredible to work with Wendy, Monte and Avery Lipman, and my new partner Miles,” Wolter said in a statement. “We have so much support. Wendy’s instincts are unrivaled. Monte and Avery don’t stop, and it’s inspiring. When it comes to our artists, I just want to be a vigilant fighter for their artistry. My main hope is for our team to have a massive impact on culture and challenge the status quo.”
Wolter spent a decade at Virgin Records from 1997 through 2007, signing The Gorillaz, before spending another 10 years at RCA Records, before returning to Virgin under the Capitol Music Group umbrella in 2017, and then shifting to Republic in 2022. Beard, a longtime DJ, spent 10 years at Mike Caren’s APG, signing Charlie Puth, before moving to Republic.
“Wendy, Monte and Avery make you feel like anything is possible,” Beard said in a statement. “The way they balance being good people and being extremely competitive is one-of-a-kind. David and I are opposites. He’s a purist, I just love what people love. He has no filter, I’m measured. He’s tall, I’m short. We complement each other in every way. As an A&R, I want to make our artists feel comfortable and motivated to think as big as possible.”
A diss-track battle between two of the world’s biggest hip-hop stars has led to cryptic allegations that Drake directed his heavyweight record label to yank a hit featuring Kendrick Lamar from the airwaves. But would such a move be possible?
Probably not, say legal experts who study broadcast rights and the music business. “As a general law, broadcast stations have a lot of discretion over what they put on the air — almost unlimited discretion,” says Charles Naftalin, a Washington, D.C., attorney for Holland & Knight who specializes in telecommunications law. “A station is virtually free to pick and choose what it wants.”
Lamar’s new song “euphoria,” which he released April 30, alleges Drake and Republic had attempted to “try cease and desist on the ‘Like That’ record” — a reference to the recent Future–Metro Boomin hit containing a Lamar verse that attacks last year’s Drake-J. Cole track “First Person Shooter,” and helped spark the recent back-and-forth between the two rappers. Then a screenshot of an alleged email appeared on social media purporting to be from a Republic business-affairs executive declaring “we are not granting radio rights” for “Like That.” (Reps for Republic and Universal Music Group, the label’s parent company, did not respond to requests for comment, and the screenshot could not be verified.)
Trending on Billboard
Hypothetically, if Lamar’s lyrical allegation were true, and the Republic exec’s email were legitimate, how could a label, even the home of Taylor Swift, Morgan Wallen, The Weeknd and Post Malone, which has the industry’s largest market share, pull off such a move? One conceivable explanation stems from the fact that “Like That” is an unusual business collaboration — it’s a joint release from competing major labels, Universal-owned Republic and Sony-owned Epic. The former is Metro Boomin’s label; the latter is Future’s label. (Adding confusion to the affair: Lamar records for Interscope, also owned by UMG, so he is, in a very broad sense, Drake’s labelmate.)
Because Republic had a hand in releasing “Like That,” it is conceivable — though extremely unlikely — that the company could demand that radio stations stop playing its own song. “I don’t readily see a legal reason to request takedown from radio solely based on certain lyrics being in the song,” says Matt Buser, an attorney who represents top artists and music companies. “However, there could be a justified legal reason for takedown based on the promotional grant of rights and understanding between the two collaborating labels.”
Like Buser, Larry Kenswil, a retired top business and legal affairs executive for UMG, has no idea what is in the contractual agreement between Republic and Epic for “Like That.” (A rep for Sony, Epic’s parent company, also did not respond to a request for comment.) But he’s certain that Republic has no right to demand a radio takedown. If Lamar’s “euphoria” lyric about a cease-and-desist is true, Kenswil says, “The artist [Drake] complained to the label [Republic] and the label felt like they had to do something to satisfy the artist. But, of course, we probably don’t have the full story.”
He adds: “That happens all the time. Artists tell their lawyers: ‘Send a cease-and-desist.’ The lawyer says, ‘Uh, I don’t think they’re doing anything wrong.’ ‘Send a cease-and-desist or I’ll fire you.’ And they send the cease-and-desist — and don’t follow up.’” Evidence on behalf of Kenswil’s theory: “Like That” not only came out, but radio played the track, it debuted at No. 1 on the Hot 100 and remained there for three weeks. And as of this writing, “Like That” is No. 21 on the all-genre Radio Songs chart.
Following her departure from longtime home Sony Music Nashville last year, Miranda Lambert has signed a new deal with Republic Records. Nashville’s Big Loud will provide country radio promotion and marketing efforts as part of its partnership with the Universal Music Group-owned label.
As the first salvo in the new deal, Lambert will release the new track “Wranglers” on May 3. It will mark her first new music since the release of her 2022 album, Palomino. “’Wranglers’ is a tale of a woman taking her power back. I think we can all identify with the character in this song, because we have all had a time in our life that we needed to find a way to find our strength and also get a little revenge on someone that did us wrong or hurt us,” she said in a statement. Lambert will likely premiere the song during the seven-time CMA female vocalist’s headlining Stagecoach Festival appearance this Saturday (April 27).
Lambert’s affiliation with Republic comes as the New York-based label has moved more into country music and further into its partnership with Big Loud; in March, Big Loud inked a multi-year distribution deal with Mercury Records/Republic for all of its acts. Previously, only releases by Big Loud acts Morgan Wallen, Lily Rose and Dylan Gossett had gone through the partnership. Notably, Gossett is signed to Big Loud Texas, an imprint Lambert and Jon Randall started last year through Big Loud.
Trending on Billboard
“Being in Texas with Jon, recording where I cut my teeth as a young artist, felt like coming home. I thought about the women — and men — who’ve lived, loved and found power in my music, and I wanted to get back to the root of those spaces,” continued Lambert, who is managed by Marion Kraft. “Talking to [Republic founder/chairman Monte [Lipman], [Republic founder/vice chairman] Avery Lipman and the team at Republic, as well as [Big Loud CEO] Seth [England] and the Big Loud folks who are leaning in, everyone understood my desires and vision for this next era of my music. Aligning like that is empowering; it gives you a license to really chase it. Signing with Republic has inspired me to find the sweet spot for me and all the people like me. I can’t wait for everyone to hear ‘Wranglers,’ and the rest of this record.”
“Miranda Lambert’s legacy as both a consummate storyteller and legendary performer speaks for itself. Her new music is spectacular and we are thrilled and honored to welcome her to Republic Records in partnership with Big Loud,” added Monte Lipman.
Lambert added that the move has been inspiring. “Having a new home has given me a hunger I didn’t realize I still had inside me,” she said. “This song feels like it could be on the same record as ‘Gunpowder & Lead’; it has that same fury. I can’t wait to get out there with this new label and this new music… Monte Lipman and his team fire me up!”
“Gunpower & Lead,” featured on Lambert’s second album, 2007’s Crazy Ex-Girlfriend, became her first top 10 hit on Billboard’s Hot Country Songs chart.
There’s no word on when Lambert will drop a new album, but Republic president/COO Jim Roppo said in a statement, “As she puts the final touches on her fantastic new body of work, it has all the hallmarks of her signature sound, yet she continues to push herself as a songwriter, producer and performer. We’re all at the beginning of a very special moment, and we’re grateful to be on this journey with her.”
Lambert, the most awarded artist by the Academy of Country Music Awards, recently wrapped her residency in Las Vegas and will be on the road through September, during which time she will headline several music festivals.
What a difference a year — or a couple of months with a massive label shakeup — can make.
The reorganization of the Universal Music Group that occurred in February — which loosely divided the music giant’s labels under two umbrellas, Republic Corps and the Interscope Capitol Labels Group (ICLG) — has created a new hegemony that effectively splits its industry-leading market share in half, meaning that Republic Corps’ Monte Lipman and ICLG’s John Janick sit atop label empires that, in a given week, can rival the Warner Music Group as a whole in terms of market share. (For Republic, given its partnership with Big Loud for Morgan Wallen and the eye-popping success of Taylor Swift and others, that was already the case at times last year.) In the first quarter of 2024, for example, both Republic Corps (13.69%) and ICLG (13.81%) put up current market share figures that are more than double the next-highest label from any other company.
Yet for comparison’s sake — and to get a sense of the trends in the market — we’ll set that reorganization aside for now, particularly as it happened in the midst of a quarter and thus doesn’t reflect the totality of the first three months of 2024. And even under the old alignment, Republic (which, even prior to the shift, encompassed Island, Big Loud, Mercury and Imperial) and Interscope (which similarly already included Geffen and Verve Label Group) still lead the pack for releases through the end of March.
Trending on Billboard
Republic, on the strength of enduring hit albums by Wallen, Swift, Drake and Noah Kahan, as well as the huge success of the new Ariana Grande album eternal sunshine, posted a 12.84% current market share (defined as albums released within the past 18 months), only marginally coming down to earth from the eye-popping 13.47% full-year current share it posted in 2023, and a slight uptick over the 12.45% first quarter it enjoyed last year. Meanwhile, Interscope’s 9.10% current share is a big jump from the 7.75% it posted in the first quarter of 2023, and up from the full-year 8.80% it posted last year, with the enduring success of Olivia Rodrigo and breakout singles from Xavi (“La Diabla” and “La Victima”), among others, helping boost its position.
But perhaps the biggest story of the first quarter of 2024 has been the smash success of Warner Records, which surged from seventh place in Q1 2023 (5.23% current share) all the way to third in Q1 2024 (6.41%), reflecting the remarkable success the label has had on the Hot 100 so far this year. Benson Boone’s “Beautiful Things,” Teddy Swims’ Hot 100 No. 1 “Lose Control” and Zach Bryan’s “I Remember Everything” feat. Kacey Musgraves are all among the top five songs of the year so far, while Bryan’s 2023 self-titled album and his 2022 album American Heartbreak are both among the top 20 albums of the first quarter. Warner — whose market share includes catalog label Rhino as well as Warner Latin and parts of Warner Nashville — continued to build on its 2023 trajectory, when it finished with a full-year current share of 5.96%.
That surge pushed Atlantic Records down into fourth place, at 5.14% current share, a drop of more than 2% from the 7.22% it maintained in Q1 2023. Atlantic — which includes 300 Elektra Entertainment in its market share — did have a big hit from Jack Harlow, whose single “Lovin’ On Me” topped the Hot 100 for five weeks in the first few months of the year. Atlantic’s hold on fourth, however, was only 0.01% above RCA Records, which came in at 5.13%, as the enduring strength of singles by SZA, Doja Cat and Tate McRae, combined with a viral smash from Flo Milli (“Cruel Summer”), kept the label in fifth place, despite dropping from 5.76% in Q1 2023, when the SZA album had a lock on the top of the Billboard 200.
Sticking in sixth place is Capitol Music Group — whose market share still contains indie distributor Virgin, as well as Quality Control/Motown, Capitol Christian, Astralwerks and Blue Note — which posted a 4.71% current share, down from 5.56% in the first three months of 2023. Dropping to seventh is Columbia, which includes some labels from indie distributor RED in its market share, at 3.71%, down from 5.85% a year ago. Though, in this particular ranking, Columbia is an unfortunate casualty of the end-of-March cutoff date; Beyoncé’s Cowboy Carter debuted the week after with the biggest first week of the year, which will be reflected in the second quarter. In eighth, Epic Records saw a big boost, posting a 2.99% share (up from 2.06% last year), though that also seems like it will be trending higher in Q2, with the twin Future/Metro Boomin albums still growing. Sony Latin (2.38%, up from 1.92%) and Sony Nashville (2.08%, down from 2.30%) round out the top 10 in current market share.
Among the label groups, UMG’s dominance continued, with its 33.90% current share ticking up slightly from 33.59% in the first quarter of 2023, while Sony Music Group’s 26.91% came in lower than last year’s 28.46% — again, likely a quirk of the calendar. Still, despite Warner Records’ individual surge, the Warner Music Group’s overall current share slipped to 15.98%, down from 16.81% in Q1 last year. (WMG’s market share still contains 1.09% from BMG, despite the latter announcing that it would be ending its distribution arrangement with Warner; projects that were in the works prior to the agreement ending are still going through the Warner system, a BMG spokesperson says.) The big beneficiary in current market share is the independent sector, which grew its mark from 21.15% in Q1 last year to 23.21% this year by distribution ownership, a significant increase. Both the independent release of the chart-topping Ye and Ty Dolla $ign album Vultures 1 and the huge success of Mitski’s “My Love Mine All Mine” contributed to the boost.
The numbers are more static when looking at overall market share, which includes back catalog, though the trends are still there: Universal (38.23%, up from 37.65%) and the indies (16.28%, up from 16.18%) both were up over Q1 2023, while Sony (27.23%, down from 27.62%) and WMG (18.26%, down from 18.55%) dipped. By label ownership, the independent sector remains larger than any individual major, accounting for 36.09% in overall market share, albeit down from the 37.38% it had in Q1 2023.
Among the individual labels, Republic’s huge current numbers pushed its overall market share above Interscope’s for first place, at 9.94%, up from 9.16% last year, while Interscope’s second-place showing at 9.85% still represented growth from its leading 9.44% last year. Atlantic’s strong catalog numbers meant that in overall share it remained in third place, at 7.65%, besting Warner Records, which jumped into fourth at 6.72%. Interscope, meanwhile, retained its top spot in catalog market share, at 10.09%, with Republic (9.03%) and Atlantic (8.43%) behind.
Nashville’s Big Loud Records has inked a multi-year distribution deal with Mercury/Republic for all releases, effective immediately.
Previously, only releases from Morgan Wallen, Lily Rose and Dylan Gossett had gone through the partnership, while the rest of the Big Loud roster was distributed through Stem and Amped.
In a memo to the staff obtained by Billboard, Big Loud founders/partners Seth England, Craig Wiseman and Joey Moi stressed that the move is not an acquisition and that the full staff will remain intact: “This partnership allows for Big Loud Records to remain fiercely independent while leveraging their global distribution and resources, as needed, to best serve our world-class roster. Artists and our staff will see increased creative opportunities, robust international support, new multimedia partnerships, additional multi-format promotion muscle and merchandising resources, among many other benefits. And to clarify: Big Loud Records has not been acquired in any way. Our full staff will remain intact and will continue to lead with the artists we represent.”
Explore
Explore
See latest videos, charts and news
See latest videos, charts and news
The move comes as Mercury/Republic parent Universal Music Group is undergoing a massive restructuring, with the East Coast labels realigning under a new structure called Republic Corps under chairman/CEO Monte Lipman. Mercury will continue to be led by president Tyler Arnold and general manager Ben Adelson.
The announcement arrives as Wallen’s One Day at a Time spends its 19th non-consecutive week at No. 1 on the Billboard 200, breaking the previous record of 18 weeks held by Garth Brooks more than 30 years ago.
Trending on Billboard
The memo is in its entirety below.
Good afternoon everyone,
We’re writing to share an important update regarding our distribution for Big Loud Records and our affiliate labels.
After many incredible years with Stem and Amped we have decided to enter into a new multi-year distribution deal with Mercury Records/Republic, amplifying our existing partnership with Monte & Avery Lipman as well as Tyler Arnold and the greater Mercury Records/Republic team.
We are immensely grateful for the tireless efforts of Milana, Kristin, Bobby, Alison, and the entire team at both Stem and Amped who have supported our releases for the better half of a decade. Both teams have been an integral part of our growth story and remain a highly recommended distribution and artist resources solution for self-determined artists and companies. We remain proud investors of Stem to this day.
The Big Loud partners and executive leadership team are immeasurably proud of what this roster and staff have accomplished over the past eight years. Our songs, albums, artists, and company have seen the top slots of nearly every chart in our format. Best of all, we’ve earned those accolades with integrity. We’re reaching new heights with broadened creative ventures and international outposts leading our growth into new genres and markets. With this next chapter, we are thrilled to elevate with a like-minded, best-in-class team that’s effectively been the #1 all-genre record label in the business for the last decade. Rest assured, Mercury Records/Republic both mirrors and supports our renegade spirit.
This partnership allows for Big Loud Records to remain fiercely independent while leveraging their global distribution and resources, as needed, to best serve our world-class roster. Artists and our staff will see increased creative opportunities, robust international support, new multimedia partnerships, additional multi-format promotion muscle and merchandising resources, among many other benefits. And to clarify: Big Loud Records has not been acquired in any way. Our full staff will remain intact and will continue to lead with the artists we represent.
Our hope is that this announcement makes you as excited as the partners and the executive leadership team feel because we achieved this together. From the smallest artists to the biggest, it takes the entire village – we are confident Big Loud will be a force to be reckoned with for years to come.
Please feel free to reach out to your department head, Patch, Austen, or Seth if you have any questions.
Sincerely,
Seth, Craig, and Joey
As the broader restructuring of the Universal Music Group’s label operations continues on the West Coast with the newly-formed Interscope Capitol Labels Group, the East Coast labels have now also begun to unveil their new structure under chairman/CEO Monte Lipman, with a new name of its own: Republic Corps.
The new structure and designation is set to be the umbrella “central operational hub” for each of the labels underneath it, with former Republic Records co-president Jim Roppo serving as president and COO of the new overarching group, reporting to Monte Lipman and Avery Lipman.
Each of the labels have individual leaders, many of whom remain in the same roles they had prior to the reorganization: Republic Records will now be led by president and chief creative officer Wendy Goldstein, formerly co-president of Republic alongside Roppo; Mercury Records will continue to be led by president Tyler Arnold and general manager Ben Adelson; Island Records will remain under the purview of co-CEOs Justin Eshak and Imran Majid; Def Jam Recordings will remain under chairman/CEO Tunji Balogun; and IMPERIAL Music/Casablanca Records will still be run by president Glenn Mendlinger. According to a release, each of the labels will maintain “full independence and autonomy” under the new structure.
Trending on Billboard
Roppo, leading the Republic Corps. teams, will work across each of the labels, with former Republic head of global commerce Kevin Lipson becoming his “chief lieutenant,” with an expanded role that will encompass revenue strategy at the group. They will lead a series of shared departments, led by executives from several different East Coast label teams.
Former Republic Records head of promotion Gary Spangler will take up the same title in the new Corps., with support from former Republic Records exec Lucas Romeo and former Island promotions head Ayelet Schiffman in support, and format leads that include former Def Jam exec Natina Nimene overseeing urban; and former Republic execs Gary Dumler overseeing pop, Davey Dee Ingenloff overseeing rhythm, Manny Simon overseeing adult and Amanda Dobbins overseeing rock.
Most recently general manager of Island Records, Mike Alexander is moving to a new role overseeing global marketing at Republic Corps, with a team consisting of Myra DeCastro (Def Jam), Steve Rowen (Island) and Zoe Briggs (Republic/Mercury). Additionally, former Republic head of media Joseph Carozza will lead media strategy for the Corps, with a team consisting of Beau Benton (Republic), Marisa Bianco (Mercury), Lauren Ceradini (Def Jam) and Lauren Schneider (Island).
On the legal side, two executives that previously worked for parent group Universal Music on behalf of all of the East Coast labels will retain their titles under the new Republic Corps. designation: Steve Gawley will remain as executive vp of business & legal affairs and business development, while Joe Schmidt retains the title of executive vp/CFO, both of whom will report directly to the Lipmans. Additionally, Republic Corps. will include teams led by Jenny Beal (Production), Brittney Ramsdell (creative synch), Meredith Oliver and Liza Corsey (A&R administration) and a data and analytics team, according to a release.
The new Republic Corps. structure comes amidst the broader reorganization of the Universal Music Group labels announced by UMG chairman/CEO Lucian Grainge on Feb. 1, which divided the labels into an East Coast-West Coast structure, with Republic Corps. comprising the East Coast division. The West Coast labels, under chairman/CEO John Janick, have been reformulated as the Interscope Capitol Labels Group, with that structure coming into focus over the past week. Both companies have been undergoing extensive layoffs as part of the reorganization, which included the combining of many labels’ promotions and publicity staffs into shared services divisions, among other moves.
The layoffs and restructuring at the Universal Music Group have begun to take place, multiple sources tell Billboard.
As part of the new structure, several top executives have been laid off, Billboard can confirm. Interscope Geffen A&M president of promotion Brenda Romano is among those to have been let go, as well as Interscope’s executive vp/head of media strategy and communications Cara Donatto and Def Jam executive vp of media and brand strategy Gabe Tesoriero.
So far, Billboard has confirmed over two dozen layoffs across UMG labels, including Interscope, Republic, Capitol, Def Jam and Island.
The layoffs began shortly after Universal wrapped up its fourth quarter earnings call Wednesday, during which chairman/CEO Lucian Grainge confirmed a long-rumored “strategic organizational redesign” that would result in “reduced headcount” and “efficiencies.” A UMG spokesperson declined to say how many staffers would be affected by the cuts, but the company told investors that it expected to realize 250 million euros ($271 million) in annual savings by 2026 through the move. Universal saw 11.11 billion euros ($12 billion) in revenue in 2023, and reaped a net profit of 1.26 billion euros ($1.37 billion).
Trending on Billboard
The layoffs had been in the offing since last October, when Grainge mentioned that UMG would need to “cut to grow” in a Q3 earnings call, then said in a January New Year’s memo to staff that despite UMG being the “most successful company in the history of the music industry,” the company would “further evolve our organizational structure to create efficiencies in other areas of the business, so we can remain nimble and responsive to opportunities as they arise, while also taking advantage of the benefits of our scale.” A spokesperson then confirmed cuts were coming in a statement Jan. 12, after Bloomberg reported the company planned to cut “hundreds” of jobs in the first quarter of the year.
Layoffs continued Thursday (Feb. 29), and some staffers speculated to Billboard that they may continue into Friday. There is no word on how many people were affected, nor any specifics in what departments they were, though in addition to promotions, publicity and A&R, at least some people in logistics, synch, international and commercial marketing were among the layoffs. Staff members from Republic, Interscope, Capitol, Island and Def Jam were among those laid off.
On Feb. 1, Grainge announced in an internal memo that Universal would be restructuring its label operations, adopting a loose East Coast-West Coast operation wherein Republic Records co-founder/CEO Monte Lipman would begin to oversee Republic, Def Jam, Island and Mercury, and Interscope Geffen A&M chairman/CEO John Janick would take responsibility for Interscope, Geffen, Capitol, Motown, Priority, Verve and Blue Note. Days later, Capitol Music Group chair/CEO Michelle Jubelirer announced she was stepping down from her post and was replaced by Geffen president Tom March as chairman/CEO of Capitol and Universal Music Publishing Group executive Lillia Parsa joining as co-president alongside Arjun Pulijal.
As part of the new alignment, and with Donatto and Tesoriero out at Interscope and Def Jam, respectively, it appears that Capitol Music Group executive vp/head of media strategy and relations Ambrosia Healy will now run corporate communications for the West Coast labels, and Republic Records executive vp of media and artist relations Joe Carozza will oversee corporate communications for the East Coast labels.
Reps for UMG did not respond to multiple requests for comment. Additionally, reps for several individual labels either declined to comment or could not be reached for comment.
This story is developing.