This is, by some distance, the music business story of the year. Tomorrow morning (September 21) in Europe, as New Yorkers are sleeping and Los Angelenos are drifting off, 60 percent of the world’s biggest music company will hit the stock market. That’s the slice of Universal Music Group (UMG) …
Read More »Welcome to the 'Rolling Stone' Future of Music Issue
CALL IT A RIOT, revolution, or regime change — the music business today looks nothing like what came before it. Thanks to the fierce pace of tech advancement and the insatiability of young, internet-grown audiences, the multibillion-dollar global industry is an entrepreneur’s playground. Record-label bosses share a throne with engineers and algorithms; …
Read More »The Sudden, Lucrative Gold Rush for Old Music
Jeff Jampol has managed the estates of the Doors, Janis Joplin, Kurt Cobain, and Tupac Shakur. “None of my clients tour,” he says. “They’re all dead.” That hasn’t stopped him from generating big money on their behalf, whether it’s organizing a touring exhibition of Cobain’s artwork, setting up Oliver Stone’s …
Read More »Music Isn't Enough for 'Music Streaming' Services Anymore
One of the cleverest ads I’ve ever seen from a music-streaming service arrived in April 2018 — and it was geared toward other business players, not consumers. Following years of strong growth for the record industry, labels had been facing up to the idea that annual increases in audio-streaming subscription …
Read More »Empire's Founder Ghazi Shami — Future 25
Ghazi Shami was building computers long before he championed hit records. “Tech and music have always been simultaneous for me,” says Ghazi, who operates his own music distribution company and record label, Empire, responsible for hits from Money Man, Migos, and Tyga. “I got my first real job right after …
Read More »At Work With Abou 'Bu' Thiam, Kanye West's Elusive Manager
In Rolling Stone‘s series At Work, we go behind the curtain with decision-makers across the fast-changing music business — exploring a range of responsibilities, burgeoning ideas, advice for industry newcomers, and more. Read earlier interviews here. Abou “Bu” Thiam owes a lot to his brother, Akon. “I was Akon’s A&R …
Read More »At Work with LVRN, the Hit-Making Music Collective Driven by a Love of Love
In Rolling Stone‘s series At Work, we go behind the curtain with decision-makers across the fast-changing music business — exploring a range of responsibilities, burgeoning ideas, advice for industry newcomers, and more. Read earlier interviews here. Eight years ago, Tunde Balogun and Sean Famoso were Georgia State students frustrated by …
Read More »How the Streaming Exclusive Died and Came Back to Life
“I said no quickly, brashly, abrasively. Do me a favor — don’t present that to me again.” Rap expert and podcast host Joe Budden doesn’t mince words in describing the crumbling relationship between his show and Spotify. According to Budden, who ran through a list of candid grievances in a …
Read More »Spotify Dreams of Artists Making a Living. It Probably Won't Come True
I’ve been intrigued, impressed, and surprised by Spotify‘s earnings results over the years — but never quite so confused. On Wednesday (July 29th), Spotify issued its customary quarterly letter to shareholders, revealing that its global subscriber base had grown by 8 million in the second quarter, up to 138 million. …
Read More »Blues Singer Lady A: 'I Should Not Have to Bend to Band's Will Because They've Got Money'
Anita White has spent decades singing the blues as Lady A. Weeks after Grammy-winning country trio Lady Antebellum changed their name to Lady A to acknowledge the former name’s racial connotation, she worries she’s being erased. The black Seattle blues singer has been in talks with the band for weeks …
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