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After IPO, Endeavor President Plans ‘Thoughtful’ Acquisitions, ‘Long-Term’ China Bet
Shapiro spoke to THR from the New York Stock Exchange, where just a few hours earlier he rang the opening bell alongside Endeavor CEO Ari Emanuel, executive chairman Patrick Whitesell, UFC chief Dana White and other top Endeavor executives. Shares in the company initially popped by about 10% over the $24 per share IPO price, before settling just above its IPO price. The company has grown over time in large part from acquisitions, spanning sports, entertainment, marketing and events. Shapiro says that will continue now that it is publicly traded. “We are going to continue to be thoughtful but also aggressive when we see acquisition opportunities that enable our growth to accelerate,” Shapiro says, noting that the company has made 20 acquisitions over the past 5 years. “In any respective are...
Altafonte Appoints Ricardo Chamberlain to Global Marketing Senior VP
Ricardo Chamberlain has been appointed Altafonte’s global marketing senior vice president, Billboard has learned. As global marketing svp, Chamberlain will be tasked with developing strategic initiatives and opportunities for Altafonte’s artists, including planning, direction, and coordination of multi-territorial marketing campaigns. He will work closely with the directors and teams of each territory. “Ricardo’s passion for music and his creator and tech spirit together with his deep experience in the music industry are an unbeatable combination to make Altafonte the most innovative independent music company on the market,” said Inma Grass CCO and partner in a statement, coining Chamberlain a “wonderful person and a great professional.” You Deserv...
The Players Behind Gabby Barrett’s ‘The Good Ones’: See the Full Credits
Explore the team of musicians, producers and more behind the track with recording credits provided by Jaxsta below. Artists:Main Artist – Gabby Barrett Songwriters:Composer Lyricist – Emily LandisComposer Lyricist – Gabby BarrettComposer Lyricist – Jim McCormickComposer Lyricist – Zachary Kale Producers:Producer – Ross CoppermanProducer – Zach Kale Production Team:Assistant Production – Scott JohnsonProgrammer – Zach Kale Engineers:Digital Editor – Daniel RossDigital Editor – Ross CoppermanDigital Editor – Trey KellerDigital Editor – Zach KaleMasterer – Daniel BacigalupiMixer – Buckley MillerRecorded by – Ross CoppermanRecorded by – Zach Kale Performers: Acoustic Guitar R...
Spotify Stock Drops Over 12% on Softened Listener Forecast
That adjustment followed Spotify’s reported first-quarter monthly active users (MAU) of 356 million, falling on the bottom end of earlier guidance. There was good news too, though. First-quarter subscriptions were at the high end of guidance, and Spotify did not revise its 2021 guidance for subscribers (172 million to 184 million), suggesting it expects the dip to come from “freemium” listeners. Average revenue per month on those free listeners is 0.35 euros ($0.42), compared to subscribers’ 4.07 euros ($4.94) per month. (Subscribers account for about 90% of the company’s total revenue.) That MAU adjustment could have a larger financial impact in the future, as Spotify uses its freemium business model to acquire new subscribers. So, fewer free listeners this year means there will be fewer ...
AGI’s Jarred Arfa Promoted to Chief Operating Officer
Jarred Arfa has been named chief operating officer of Artist Group International. Arfa, whose previous title was general manager/evp, will oversee all aspects of the business, including legal, finance, corporate reporting, business development, human resources, artists tour contracts, VIP ticketing deals, sponsorship and more. AGI is led by chairman Dennis Arfa and is a leading live entertainment agency that books an expansive roster of musicians worldwide. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue...
Eric Prydz’s Move to CAA Will Help ‘Bring His Artistic Vision’ to Wider U.S. Audience
Electronic titan Eric Prydz has signed with CAA and will be represented by music agent Alex Becket, whose roster also includes Rüfüs Du Sol, Lee Burridge, Arcade Fire’s Win Butler, Bedouin, Monolink and more. Prydz was previously repped by Paul Morris at Paradigm, although Morris left the agency in March to work exclusively with Tiësto. Prydz will continue to be managed by Michael “Mick” Sershall of London’s Sershall Management. CAA’s Darryl Eaton, Hunter Williams and Mac Clark were also key in securing the signing and will work alongside Becket on Prydz projects. Prydz’s team also includes global press by Infamous PR. “It did happen very quickly, but also at the same time very organically,” Becket says of Prydz joining the CAA roster, “from o...
Downtown Lays Off Nashville Employees Following Concord Publishing Sale
Downtown declined to say how many employees were let go, though sources say it was the creative staffers involved in working with publishing the catalog sold to Concord. Downtown’s statement goes on to add that the company has ended the lease on its Nashville office and is exploring “our options to support the needs of our ongoing business. We continue to employ Nashville-based executives at Downtown Music Services, Songtrust, and Songspace.” Downtown only sold the portion of its publishing catalog that it had an ownership stake in and not the songs and catalogs where it serves as administrator, including those of John Lennon and Yoko Ono, Miles Davis, John Prine, the Wu-Tang Clan and others. The company will now focus on being a multi-faceted service organization for...
Chinese Pop Music Superstar JJ Lin Signs With UTA
He launched his career with his debut album Music Voyager, which earned him the best new artist trophy at the Golden Melody Awards. Lin’s earlier hit singles include “River South,” “Cao Cao,” “If Only” and “Twilight,” while he also lent his voice to the Mandarin version of Luis Fonsi’s international hit single “Despacito.” Lin has collaborated with Hans Zimmer, Jason Mraz, Ayumi Hamasaki, Steve Aoki and Jackson Wang, among others. And he has completed four world tours and more than 130 shows, with 66 shows from his recent Sanctuary World Tour selling out within 10 minutes of tickets being released . He was named as one of Forbes Asia’s 100 Digital Stars and did guest appearances on China’s The Voice. In gaming, Lin launched Team Still Moving under Gunfire (Team SMG), a professi...
Hi-Res Streaming Service Qobuz Launches In Australia, NZ
Australia’s recorded music is thriving right now, largely due to streaming platforms like Spotify, Apple Music and YouTube Music. Streaming powered the market to a sixth consecutive year of growth in 2020, according trade data published by ARIA in March. Subscription platforms, a category that includes Spotify and Apple Music, generated A$362 million in the calendar year 2020, up 14% from the previous year. The market is far from saturated at the high-res end, notes Fornay. Qobuz is “offering something uniquely different to the other platforms out there,” he enthuses, namely the ability to download or stream at CD quality or Hi-Res “studio quality” audio (24-Bit up to 192 kHz). In addition to its catalog of 70 million tracks, Qobuz also offers album reviews, artist biographies, music...
PRS for Music Warns of Hard Times Ahead as Revenues Drop 20%
The collecting society, which represents more than 10 million musical works and has 155,000 members, says that a projected rise in online royalty income won’t be enough to offset the loss of public performance distributions, which PRS expects to fall by at least 10% in 2021. Much of the £699 million PRS distributed in 2020 — an increase of 2% over 2019 — came from royalties collected pre-pandemic, meaning the dramatic fall in income will be felt hardest by its members in 2021 and beyond, PRS for Music CEO Andrea Czapary Martin tells Billboard. “It has been a tough time and it will be a tough time again this year,” says Martin. “Our revenues will go up this year, but not back to the levels of 2019.” Globally, performance rights revenues fell by 10.1% to $2.3 billion in 2020 as a...
Spotify Begins Raising Prices With Family Plans in US, UK
Meanwhile, in the U.K., Student, Duo and Family Plan subscriptions will also see a price hike, up one pound apiece for Student and Duo plans to £5.99/month and £13.99/month, respectively, with Family Plan subscriptions rising £2 to £16.99/month. The raises were first reported by The Verge, which also reported that some other countries in Europe will see Student and Duo plans rise by one euro/month and Family Plans by three euros/month, with increases in Asia and South America as well. “With more than 70 million tracks and 2.2 million podcasts, Spotify continues to innovate and invest in providing our listeners with greater value than ever before, including the best audio content and user experience,” a spokesperson told Billboard in a statement. “We offer a variety of subs...
UK Primed to Resume Live Shows While Rest of Europe Struggles
While the United Kingdom appears poised to resume full-capacity outdoor shows this summer, many other European markets will be forced to wait until at least the fall. Greek doesn’t expect indoor shows to resume in continental Europe before the end of the year, but he does expect them in the United Kingdom by September. And with most U.S. artists choosing not to tour Europe due to a paucity of tour dates and the possibility of new virus restrictions, local U.K. and European acts will take center stage as headliners. Dieter Semmelman, CEO of Berlin-based Semmel Concerts, sees “no chance” of a return to live music events in Germany this summer and, instead, is focused on saving about 300 concerts scheduled for October through December. “It’s not a good feeling” that other markets are ahead of...
