K-pop music purveyors HYBE today announced an expanded long-term agreement with Universal Music Group (UMG), providing them exclusive distribution rights across HYBE music for the next 10 years.
07.03.2024 - 00:17 / variety.com
Jonathan Taplin Jonathan Taplin is the Director Emeritus of the Annenberg Innovation Lab at the University of Southern California and the author of “The End of Reality: How Four Billionaires are Selling a Fantasy Future of the Metaverse, Mars and Crypto.” He was tour manager for Bob Dylan and The Band in 1969. He has written this op-ed at the request of Universal Music Group. On Monday, these pages featured a defense of TikTok that could easily have been ripped from the headlines of the 2000’s.
I remember debating publicly John Perry Barlow, a songwriter for the Grateful Dead and one of the founders of the Electronic Frontier Foundation, about how Napster was decimating the record royalty earnings of most of my musician friends, including my former employer, Levon Helm of the Band. John Perry was adamant that the promotional power of Napster was healthy for the music industry.
For Levon, who had throat cancer and needed expensive medical care, it was a disaster. With the exception of a few musicians like Dr.
Dre and Metallica, the music community watched as U.S. music revenue lost more than half of its value between 1999 and 2013.
But today the industry is not willing to be so passive in the face of new threats to music and the people who make it – threats posed by companies like TikTok that are unwilling to pay artists fairly and are actively supporting AI-created music that could replace human music creation completely. Just like Napster had musicians to support them, Ari Herstand has stepped forward, asking and answering, “Who’s Getting Hurt in the Universal Music-TikTok Standoff? Artists and Songwriters.” The title’s implicit concession that TikTok is harming artists and songwriters is about the only accurate
.K-pop music purveyors HYBE today announced an expanded long-term agreement with Universal Music Group (UMG), providing them exclusive distribution rights across HYBE music for the next 10 years.
Patrick Frater Asia Bureau Chief Hybe, the Korean firm behind K-pop’s BTS, has struck an expanded 10-year deal with Universal Music Group (UMG), providing Hybe’s roster of artists and labels access to UMG’s leading global network. UMG will further collaborate with Hybe’s global superfan platform Weverse, bringing more of a direct connection between UMG artists and their fandom. Hybe and UMG will additionally collaborate on artist promotions and marketing activities in North America under the oversight of Scooter Braun – who, in his time as CEO of Hybe America, acquired QC Media Holdings and incorporated SB Projects as well as Big Machine Label Group into the existing roster. Hybe and UMG first teamed up in 2017 on BTS, through a distribution agreement in Japan. In 2021, the companies expanded their relationship with a global strategic agreement which saw collaborations across multiple projects and use of Weverse for fan communication.
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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).
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Shannon Plumb There’s two things that make a star shine — the light they emit, and the inevitability of being seen. I called my mom and yelled into the phone, “The lady who cast Ralph Macchio in ‘Karate Kid’ wants to meet me!” I met Bonnie Timmermann, the legendary casting agent, at a dinner with my husband Derek Cianfrance. They worked together on the HBO series “I Know This Much is True.” She said she liked my work — the super 8 films I put myself in, the comedy show I put myself in, the feature film I put myself in.
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.
Ari Herstand By now, it’s widely known that Universal Music Group has removed most or all of its catalog from TikTok, as well as apparently every song that includes at least one songwriter affiliated Universal Music Publishing Group. It’s a battle that pits the world’s largest music company against the most influential and powerful platform for promoting music — which for the past five years has been TikTok.
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 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.