Atlantic Music Group Announces Two Dozen Layoffs in Effort to ‘Achieve Maximum Impact for Artists’

Jem Aswad Executive Editor, Music For their headlining set opening the Rolling Loud California festival in Los Angeles on Thursday night, Kanye West and Ty Dolla $ign merely stood onstage for an hour while pre-recorded music from their already released first album played over the loudspeakers. While the wording in the official announcement of the late-added performance was unspecific — “Vultures headlining new Thursday night,” the since-deleted post read — it’s safe to say that most people expected the duo, who have been working together under the name Vultures, to at least deliver vocals.

Jem Aswad Executive Editor, Music The standoff between Universal Music Groupand TikTok over royalty payments and AI policies has resulted in a near-complete blackout of all music owned, distributed and published by the company on the platform — the videos are still there, but the music is muted. Yet new songs by UMG artists, including Ariana Grande, Camila Cabello and Niall Horan could be found on TikTok at the time of this article’s publication. How and why is that happening? While reps for UMG and TikTok declined comment, and an explanation of the platform’s logistics and process quickly devolves into a mind-melting blizzard of jargon and abbreviations, here’s a vast oversimplification of a couple of possibilities.

Jem Aswad Executive Editor, Music As the vast reorganization of Universal Music Group’s labels continues, as expected, the company’s East Coast operations are uniting under the Republic Corps umbrella. The move reflects the company’s reorganization of its labels under the domains of Republic’s Monte Lipman (East Coast) and Interscope’s John Janick (West Coast).

Jem Aswad Executive Editor, Music As the standoff between Universal Music Group and TikTok over royalties, AI and other matters continues to boil amid angry words from both sides — and the National Music Publishers Assn. stating last weekthat it does not plan to renew its license with the platform — the official trade group for independent publishers has weighed in with its own advice.

Jem Aswad Executive Editor, Music Singer-songwriter-harpist and indie icon Joanna Newsom, who has kept a low profile since the tour supporting her 2015 album “Divers,” has announced a five-night solo residency in Los Angeles. Billed as the “Strings/Keys Incidence,” the shows will take place at the intimate Masonic Lodge at Hollywood Forever from May 15-19.

Jem Aswad Executive Editor, Music The Love Rocks NYC Benefit Concert has become an annual New York tradition and Thursday night’s show at the Beacon Theatre was one of the best on record, raising $3.8 million for the God’s Love We Deliver charity with performances and/or appearances from Dave Grohl, the Black Keys, Hozier, Nile Rodgers, Tom Morello, Don Felder, Bettye LaVette, Joss Stone, Allison Russell, Emily King, Marcus King, Lucius, Larkin Poe, Trombone Shorty, Luke Spiller, Quinn Sullivan, and Bernie William. This year’s concert raised $3.8 million, which will allow God’s Love We Deliver to serve 380,000 meals for New Yorkers living with severe illnesses.

NewJeans attended the 2024 Billboard Women in Music Awards to receive the ‘Group of the Year’ award, saying it was “something we really don’t take for granted”.This year’s Billboard Women in Music awards ceremony took place on the evening of March 6 at Los Angeles’ YouTube Theater, with NewJeans named Group of the Year at the ceremony, making them the first-ever K-pop group to have done so in the awards’ history.After receiving their trophy from country musician Lainey Wilson, Australian-Vietnamese member Hanni expressed in her acceptance speech how starstruck she was to be in the same room with artists the group look up to.“To be here today celebrating Women’s History Month and to participate in an awards show that’s overflowing with such amazing artists is so surreal and it’s hard to believe we’re in the same room as you all,” Hanni said. “I’d like to thank all the artists that are here because without your music, I don’t think we would have been able to grow up so inspired.

Jem Aswad Executive Editor, Music It’s no surprise that British-Ghanaian R&B singer/songwriter Raye was the center of attention at last weekend’s BRIT Awards — she won a record six trophies at the British Grammy-equivalent ceremony, including Best Artist, Album of the Year and Song of the Year, and during her acceptance speeches made empowering statements like “I’m in control — I’m my own boss.” Yet obscured in all the headlines was the strong business statement she made on behalf of fellow songwriters, calling for them to receive a share of the master recording income of the songs on which they’re credited. Multiple other participants receive such shares — “points on the master” — including artists, labels, producers and others, but not songwriters.

Jem Aswad Executive Editor, Music The standoff between Universal Music Group and TikTok took another turn on Wednesday when the trade group National Music Publishers Association sent a letter to its members saying that it does not expect to renew its license with the China-based platform when it expires at the end of next month. “Recently, the press has highlighted concerns around TikTok’s licensing practices, concerns that NMPA has heard directly from many of our members,” the letter reads in part.

Jem Aswad Executive Editor, Music Veteran singer and Roxy Music frontman Bryan Ferry has entered into a partnership with Irving Azoff’s Iconic Artists Group “to develop and expand the renowned artist’s musical legacy to new generations of fans,” according to the announcement. The deal sees the company acquiring 50% of Ferry’s sound recording, publishing, and name, image and likeness rights from his solo work and Roxy Music catalog, which reaches back to the group’s galvanizing 1972 debut album and includes such hit songs as “Love Is the Drug,” “More Than This,” “Avalon,” “Virginia Plain,” “Dance Away,” “Slave to Love” and more.

Thania Garcia Raphael Saadiq has signed with Tyler Childs at Forward Artist Management, the management company announced Monday. The Grammy-winning and Oscar-nominated producer and singer-songwriter is a member of the American soul/R&B band, Tony! Toni! Toné!, with whom he recently went on tour for the first time in 25 years. Saadiq co-wrote and produced both of Beyoncé’s latest country singles, “16 Carriages” and “Texas Hold ‘Em,” the latter of which is currently the No.

UPDATE: As expected, layoffs commenced today at Universal Music Group, which includes Interscope, Republic, Capitol, Def Jam and Island, as well as catalog division Universal Music Enterprises and UMG corporate. 

Jem Aswad Executive Editor, Music Even amid the literally thousands of Lou Reed cover versions that have emerged over the past half century — by everyone from David Bowie to Patti Smith to R.E.M. to Beck , it’s hard to imagine a more fitting musical tribute than Keith Richards covering “Waiting for the Man,” the 1967 song that heralded not just the Velvet Underground’s arrival, but a whole new realm of ultra-real, novelistic songwriting in rock music.

Jem Aswad Executive Editor, Music As expected, layoffs began hitting Universal Music Group almost immediately after the company’s earnings call on Wednesday. The moves, which have been signaled by chairman-CEO Lucian Grainge since last fall, were still evolving at the time of this article’s publication, and follow the broad consolidation of the company’s labels under Interscope (West Coast) and Republic (East Coast) groups, under CEOs John Janick and Monte Lipman, respectively.

UK Music, which is the collective voice of the UK music industry, has urged Chancellor Jeremy Hunt to cut VAT in the spring Budget to throw the sector a “vital lifeline” and save venues that are threatened by closure.Tom Kiehl, UK Music’s Interim Chief Executive, has asked Hunt to use his Budget next Wednesday (March 6) to lower the current 20 per cent VAT rate on tickets to 10 per cent as a “boost for consumers, music professionals and venues”.The request to slash VAT is among the recommendations that UK Music has made to the Government in its Budget submission, which outlines the support the sector needs to grow (read it in full here).Currently, music fans in the UK must pay 20 per cent VAT on their tickets – almost double the EU average (10.3 per cent) and around triple the rate in countries like Belgium (six per cent) and Germany (seven per cent). ‌ The 20 per cent rate is the third highest rate of cultural ticketing in Europe. Gig-goers pay more tax on UK tickets than anywhere else in Europe, except Denmark and Lithuania.The calls come amid growing concerns for the future of grassroots venues.

TikTok has confirmed that it has begun to remove Universal Music Publishing Group (UMPG) songs from its platform.The app has already removed tracks by artists who are signed to the label and will be doing the same with songwriters. The removal of the UMPG tracks comes three days before the UMPG catalogue becomes unlicensed for use on the social media platform.Per Music Business Worldwide, “Any recording of a song currently available on TikTok that has been co-written by a songwriter signed to Universal Music Publishing will also need to come down in the event of UMPG’s license expiring.According to BBC, TikTok has shared that up to 30 per cent of the platform’s “popular songs” could be lost, with some industry estimates revealing that up to 80 per cent of all music on TikTok could be muted.A short list of UMG artists whose music is expected to vanish from the platform is Taylor Swift, Bad Bunny, The Weeknd, Drake, Billie Eilish, Justin Bieber, Adele, Coldplay, J Balvin, Post Malone and Sophie Ellis-Bextor – whose 2001 track ‘Murder On The Dancefloor’ has gone particularly viral through TikTok following the release of Saltburn.Last month, UMG published an open letter announcing its intention to withdraw music from artists signed to the publisher and label from TikTok.In its statement, UMG announced that its licensing agreement with TikTok expired on January 31 and that negotiations to renew the contract have fallen short.

Jem Aswad Executive Editor, Music The bruising battle over royalties between Universal Music Group and TikTok entered a new and more severe stage in the early hours of Tuesday as songs published by UMG began to be removed from the platform. The standoff, which began earlier this month, initially saw recordings owned by UMG removed from the platform, but now is extending to a much larger number of songs by including those published by the company.

Jem Aswad Executive Editor, Music Following on the news that the music industry generated some $9 billion on Spotify in 2023, the streaming giant has revealed that half of that total went to independent labels and artists — $4.5 billion. Streaming has leveled the playing field in many ways since it became the main platform for music around a decade ago, and the fact that independent artists — which Spotify defines as artists signed to a non-major labels or self-releasing — now account for half of that total, for the first time, is evidence.

Jem Aswad Executive Editor, Music Universal Music Group has announced a majority investment in the Nigeria-based Afrobeats powerhouse label Mavin Global (Mavin). The label, based in Lagos, is home to such hits as Rema’s “Calm Down” — the Selena Gomez-featuring remix of which was No. 12 on Variety’s 2023 Hitmakers chart and is the most-viewed video on YouTube by an African artists — and other artists including Ayra Starr, Ladipoe, Johnny Drille and more.

Jem Aswad Executive Editor, Music Long-running, Grammy-winning rock band Kings of Leon are starting off 2024 with a bang, announcing that they have signed with Capitol Records, which will release their forthcoming ninth full-length studio album, to be followed by a major world tour. The album, titled “Can We Please Have Fun,” was produced by Harry Styles/ Florence and the Machine collaborator Kid Harpoon (who, with partner Tyler Johnson, was Variety’s Hitmakers 2022 Producer of the Year), is due on May 10 and is preceded by the lead single “Mustang,” available now. The song recalls the innovative and idiosyncratic sound of the group’s 2004 breakthrough album, “Aha Shake Heartbreak.” The group’s world tour, produced by Live Nation in North America, will hit 26 cities across the U.S.