Welcome to Music Enterprise Worldwide’s weekly round-up – the place we ensure that you caught the 5 largest tales to hit our headlines over the previous seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their earnings and scale back their touring prices.
This has been per week of structural modifications within the world music business.
In the beginning was Warner Music Group‘s main shake-up of its recorded music operations, with longtime CEO of Recorded Music, Max Lousada, set to depart the corporate. In the meantime, 10K Tasksfounder Elliot Grainge is changing into CEO of Atlantic Music Group (AMG). Working alongside Grainge within the new Atlantic Music Group setup at WMG will probably be Julie Greenwald, who has been named Chairman of AMG beneath the brand new construction…
On the opposite facet of the Pacific, Okay-pop large HYBE introduced the main points of its ‘HYBE 2.0’ restructuring, following information per week earlier that CEO Jiwon Park is stepping down from the function, to be succeeded by Jason Jaesang Lee.
Additionally this week, Kobalt Music Group introduced that its Head of International Artistic, Alison Donald, will probably be leaving the corporate to “pursue different endeavors.”
In different information, artists’ teams and main music firms applauded the tabling of the NO FAKES Act within the US Senate, a invoice that might, for the primary time, create a federal property proper in a single’s personal voice and likeness.
Lastly, MBW founder Tim Ingham took a take a look at the rising market share of indie music firms…
Warner Music Group‘s recorded music operation is altering.
The most important music firm has confirmed that its world CEO of Recorded Music, Max Lousada, will probably be leaving WMG.
Lousada will step down from Warner on the finish of the agency’s fiscal yr (September 30), after eight profitable years within the function, and 20 years at WMG. Lousada will stay as an advisor to WMG by January 31, 2025.
Elsewhere in a world shake-up of Warner’s construction, Elliot Grainge, the founding father of 10K Tasks, is changing into CEO of Atlantic Music Group, dwelling to Atlantic Information and 300 Elektra Leisure. That change will take impact from October 1.
Working alongside Grainge within the new Atlantic Music Group (AMG) setup at WMG will probably be Julie Greenwald, who has been named Chairman of AMG beneath the brand new construction…
HYBE has unveiled a big reorganization of its world enterprise.
Final week, the South Korea headquartered leisure large introduced that Jiwon Park, who has served as HYBE’s CEO for the previous three years, had stepped down from his function on the firm.
Jason Jaesang Lee, the corporate’s Chief Technique Officer, was appointed as its new Chief Exec.
On the time, the corporate stated that the management transition had all been a part of HYBE’s “ongoing management initiative” for the reason that begin of 2024, positioning Lee as “the central determine” for its so-called “HYBE 2.0 technique rollout”.
On Thursday (August 1 ), the corporate revealed an in depth rationalization of HYBE 2.0, which it calls its new “strategic route and marketing strategy”…
Quite a few teams representing artists and rights holders have backed new ‘landmark’ laws designed to struggle the proliferation of AI deepfakes – together with musical deepfakes – within the US.
The Nurture Originals, Foster Artwork, and Preserve Leisure Secure (NO FAKES) Act would set up, for the primary time, a federal property proper in a single’s personal voice and likeness.
The invoice was launched within the US Senate on Wednesday (July 31) by two Democratic senators – Sen. Chris Coons of Delaware and Sen. Amy Klobuchar of Minnesota – and two Republicans, Sen. Marsha Blackburn of Tennessee and Sen. Thom Tillis of North Carolina.
The invoice has obtained backing from many outstanding members of the music business, together with Warner Music Group CEO Robert Kyncl, who appeared earlier than the Senate Judiciary Committee in April in assist of the laws…
Alison Donald, Kobalt’s Head of International Artistic, has introduced she’s going to depart the corporate on the finish of the month to “pursue different endeavors.”
In response to Kobalt, the exec has been a “key driver of tradition” throughout her seven-year tenure on the firm, signing expertise similar to Sam Fender, Cigarettes After Intercourse, Koffee, Gabriels, Jungle, Khruangbin, Rage Towards the Machine, The Final Dinner Occasion and Tom Odell.
Donald joined Kobalt in 2017, overseeing A&R and artistic within the UK and Europe for each Kobalt Music Publishing and AWAL’s UK and Europe artistic groups.
Donald was promoted to Head of International Artistic simply over a yr in the past, dividing her time between London and Los Angeles…
Six months in the past on this column, I laid out why I believed we had been odds-on to see a large-scale (probably $1bn+) acquisition within the impartial distribution and companies area this yr.
Subsequent to that column being revealed, Warner started sniffing round Consider, mulling a possible USD $1.8 billion bid for the French firm earlier than in the end strolling away. Consider was not deemed the best M&A goal for Warner – however I nonetheless reckon we’ll see one or a number of acquisitions from WMG on this area within the months forward.
There are a number of key the explanation why, past the truth that WMG CEO Robert Kyncl has beforehand expressed his need to speed up Warner’s presence amongst “middle-class” indie artists.
Firstly, Warner will probably be eager to shut the hole, size-wise, on its two largest rivals, Sony and Common.
One other key driver for Warner Music Group’s acquisitive curiosity within the fashionable indie distribution sector? The altering face of the music biz…
MBW’s Weekly Spherical-Up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their earnings and scale back their touring prices.Music Enterprise Worldwide
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