Universal Music Group has announced the formation of a Task Force for Meaningful Change (TFMC) and a dedicated $25 million “Change Fund.” In a letter to colleagues obtained by Rolling Stone, TFMC co-chairs Jeff Harleston, Executive VP, General Counsel, UMG and Interim Chairman and CEO Def Jam; and Ethiopia Habtemariam, …
Read More »Lizzo, Shawn Mendes, and More Pledge to 'Press Pause' on Music Gatherings
Ricky Reed, a producer behind four songs on Lizzo’s Grammy-winning Cuz I Love You album — six, if you’re looking at the deluxe version, which includes megahit “Truth Hurts” — is imploring musicians, songwriters, producers, artists, and executives to press pause on songwriting sessions, meetings and shows. And “no going …
Read More »Surprising No One, TikTok Is Driving a Lot of New-Artist Growth
In 2008, Jay Sean released “Ride It,” a dance-floor come-on that became a hit everywhere — except for the U.S. Now, it’s enjoying a second life. A house-music remix by Regard became popular on the video app TikTok, which allows users to set short clips to music. After the “Ride …
Read More »Spotify Hits 100 Million Subscribers and Still Isn't Making Money
On the near-anniversary of its first quarterly earnings report as a public company in 2018, Spotify has good news to share. In its earnings report for the first quarter of 2019 Monday, the company said that it reached 217 million monthly active users around the world — 100 million of …
Read More »Brazil-Based Music Distributor Poaches Republic Records Exec
Music industry veteran Jason Jordan is taking a post as the North America managing director of ONErpm, a Brazil-based global music distribution, label services and rights management company. Jordan, who has served as vice president of A&R at Hollywood Records and senior vice president of A&R at Universal Music Group’s …
Read More »The Grammys Get New Rules to Give More Artists a Chance
It seemed a great triumph at first when this year’s Grammys announced the most diverse nominee lineup in the history of the awards ceremony. But the show’s actual slate of winners – as well as its largely homogenous performances – left many disappointed that there hadn’t been more done to …
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