Record Labels
Yo Gotti’s CMG Label Teams with Interscope Geffen A&M on Artist Development
“With 25 years under his belt as a successful artist, label head, manager and entrepreneur, Yo Gotti has built an impressive legacy in hip hop and remains one of the most exciting voices in music,” said IGA chairman John Janick in a statement. “We look forward to working closely with Gotti’s team to continue to build upon CMG’s incredible run in our business.” “I have a tremendous amount of respect for John Janick, Steve Berman, Nicole Wyskoarko and the entire Interscope team and their track record of success,” added Gotti. “We share the same vision about winning – we want to break barriers, disrupt the industry and develop the next generation of superstars. I’m thrilled to partner with them as I continue focusing on CMG’s expansion.” Founded in 2012, CMG has also worked to develop the car...
Assessing the Music Industry’s Progress 1 Year After Blackout Tuesday: ‘We Need to Build a Bigger Table’
#TheShowMustBePaused and other principals working to achieve sustainable diversity, equity and inclusion assess the industry’s progress so far. A year ago Wednesday (June 2), Brianna Agyemang and Jamila Thomas brought the music industry to a standstill. In the wake of George Floyd’s murder and the global protests it spurred, the pair called for a day of racial reckoning — dubbed Blackout Tuesday by supporters — and simultaneously launched #TheShowMustBePaused to hold the industry accountable for its own systemic bias. “Our mission,” stated Agyemang and Thomas at the time, “is to hold the industry at large, including major corporations + their partners who benefit from the efforts, struggles and successes of Black people, accountable … it is the obligation of these entities to protect and e...
Nas Returns to Sony With New Mass Appeal, Orchard Deal
Independent music distributor The Orchard — a subsidiary of Sony Music Entertainment — has penned a new deal with Mass Appeal Records, a label co-founded by Grammy-award winner Nas in 2014, alongside Peter Bittenbender. The new partnership was announced on Wednesday (May 26). Through the venture, Mass Appeal will sign artists directly, with access to The Orchard’s suite of services, including full-service marketing, sync licensing, video services, transparent data analysis, advertising, rights management and radio, among other resources. Nas — who began his career at the Sony-owned Columbia Records — will also release new music through the partnership. Mass Appeal was previously signed into a distribution deal with Universal Music Group, which included releasing Nas...
SoundCloud Inks First-Ever A&R Partnerships With T-Pain’s Label, Linda Perry & More
Repost and Nappy Boy Entertainment will first support signee SprngBrk, an artist and producer who has collaborated with the likes of Ty Dolla $ign and Drake and is releasing the new track “Pride” today. Repost will work alongside Perry — who has written and produced hits for artists like P!nk, Christina Aguilera and Gwen Stefani — on the British singer-songwriter Frances Lion, who is signed to Perry’s record label, publishing, management and production firm We Are Hear. “I’m always ready to jump on board when I see a company supporting the independence of an artist, and when I heard of the changes SoundCloud wanted to make to support emerging talent, I immediately said ‘count me in,'” Perry said. “We will be focusing on the art and the ...
Sony Music Promotes International Marketing Execs Melissa Thomas and Monica Cornia
Thomas will continue reporting to Sony Music Group chairman Rob Stringer. Along with Cornia, she was named a Billboard International Power Player earlier this year. “Melissa knows how to harness the global power of our Company to help break our U.S. artists around the world,” said Stringer in a statement. “Her teams, in conjunction with our U.S. Record Labels, have created unique marketing campaigns that resonate with audiences and push our artists to success. I’m so happy that Melissa will be leading our U.S. Repertoire’s international marketing team for the future.” Thomas added, “Music has no borders anymore. Our audiences are global from the beginning and hits can break from anywhere. I love bringing our U.S. artists to as many audiences as we can around the globe and I’m looking forwa...
Inside Track: UMG’s Potential US Investor, FTC Knocks Back Ticketmaster Probe
Asking around, one name keeps popping up: Liberty Media, the majority owner of satellite radio provider SiriusXM — itself owner of music streamer Pandora — and 33% of concert promoter Live Nation. Liberty also owns 5% of terrestrial broadcaster iHeartMedia and tried to buy 40% while iHeartMedia was in Chapter 11 bankruptcy. And despite concerns a larger stake would result in anticompetitive behavior, the Department of Justice approved Liberty’s request to increase its stake beyond 5% in July 2020. Liberty Media could take a piece of UMG and add intellectual property to a “full stack,” vertically-integrated media company. On paper at least, Universal could woo artists by offering exposure on Liberty-owned broadcasters and with concerts on Live Nation-run tours and festivals. It ...
Elle King Now Getting Team Support From RCA and Sony Music Nashville
King and Lambert collaborated with Maren Morris, Ashley McBryde, Tenille Townes and Caylee Hammack on a remake of Elvin Bishop’s “Fooled Around and Fell in Love,” which snagged an ACM Award last year as music event of the year. Additionally, King’s 2016 duet with Dierks Bentley, “Different For Girls,” hit No. 1 on Billboard’s Country Airplay chart and also won a CMA Award for musical event of the year. “I’ve met some of the most badass songwriters and artists and had some of the most rock & roll experiences of my life in country. So I think we’re gonna get along just fine,” said King in a statement. “Plus, I’m always trying to prove to my PaPaw in Ohio that I haven’t forgotten my roots or where I came from, so this helps a lot.” King, who is managed by Nashville-based Mary Hilliar...
Universal Music’s Spotify Stock Could Be Worth $2B
If it still holds the shares, their current value is $1.45 billion — which would yield a profit of nearly $1.4 billion if sold at Friday’s share price. UMG and the other major labels, Sony Music and Warner Music Group, each took equity as part of their licensing deals that allowed Spotify to launch in the U.S. in 2011. As of Dec. 31, UMG maintained a larger equity stake in Spotify than any of its competitors. Sony Music sold half its 5.707% stake for $768 million following Spotify’s IPO in April 2018, leaving it 5.082 million shares a 2.85% stake at the time — a percentage that would have been diluted since then. (Based on Warner Music, meanwhile, confirmed in August 2018 that it sold its full 4% stake for $504 million. In March 2018 UMG committed to givin...
Inside Track: UMG’s Executive Pay; Clive Davis Interviews Joni Mitchell
When post-employee benefits and share-based payouts are added, that total jumps to $132 million — almost double the $62.2 million paid to the executive team in 2018. According to the UMG website, the executive team consists of UMG chairman/CEO Lucian Grainge; executive vp Michele Anthony; chairman/CEO of Central Europe and Deutsche Grammophon, Frank Briegmann; executive vp and general counsel Jeffrey Harleston; executive vp and chief people and inclusion officer Eric Hutcherson; United Kingdom and Ireland chairman/CEO David Joseph; executive vp marketing Andrew Kronfeld; executive vp/CFO Boyd Muir; executive vp digital strategy Michael Nash; executive vp/chief administrative officer Will Tanous; and Universal Music Publishing Group (UMPG) chairman/CEO Jody Gerson. The financial data ...
TikTok Star Bella Poarch Signs With Warner Records, Shares Debut Single
Bella Poarch, the popular influencer with the most-liked TikTok video in the platform’s history, has officially launched her music career, inking a deal with Warner Records, the company tells Billboard. Poarch has also released her debut single, “Build a Bitch,” and its accompanying music video on Friday (May 14). “I feel like I found my family and part of that family is the label,” Poarch says of signing to Warner in a statement to Billboard. “When I looked up some of the artists that meant the most to me musically like Prince, Dua Lipa, and Madonna, I realized Warner has helped all of those people along the way too. So I’m very honored to have a family that gave me a chance and believes in me.” You Deserve to Make Money Even When you are looking for Dates Online. So we re...
Vivendi Sets Date for Universal Music Group Spinoff
Shares of Universal Music Group will begin trading on the Amsterdam Euronext market “before or by” Sept. 27, parent company Vivendi revealed on Wednesday (May 12). Vivendi’s proposal for the UMG share distribution will be put to a vote at the company’s shareholders’ meeting on June 22. Vivendi’s largest institutional shareholders “have been calling for the split or distribution” of UMG to better reflect the fast-appreciating value of its music division, according to Wednesday’s report. Vivendi’s own valuation suggests UMG is being grossly undervalued: on Wednesday, Vivendi’s market value on Wednesday was 32.4 billion euros ($39.11 billion), slightly below Vivendi’s estimate of 33 billion euros ($39.84 billion) for UMG — even though UMG accounted for 45.8% of Vivendi’s first-quarter revenue...
UMG Hires Former eBay Exec Richelle Parham to Lead Global D2C Efforts
Parham’s appointment is considered significant in several ways. As the ex-CMO of eBay, she has a deep knowledge of the platforms and methods that are facilitating online sales. In recent years, she has worked with private equity firms investing in e-commerce start-ups. Parham joins UMG from WestRiver Group, where she was managing director, leading investments in the consumer experience economy, and she has served on the board of Best Buy, e.l.f. Beauty, LabCorp and, until recently, Scripps Network Interactive. UMG possesses “an incredibly talented leadership team, a global footprint, iconic labels and publishing company, as well as other music businesses,” she explains in a statement. “Together these elements form an unparalleled opportunity for a consumer-demand-driven e...
