Vinyl Sales Soar — and Even CDs Rebound — as U.S. Recorded Music Industry Posts $15 Billion Year-End Numbers

Jem Aswad Senior Music EditorFlorence + the Machine are set to play an extended run of headline dates later this year, kicking off September 2 in Montreal with further stops including New York’s Madison Square Garden, Los Angeles’ Hollywood Bowl and many more. One dollar from every ticket sold will benefit Choose Love to aid refugees worldwide.The group has assembled a formidable array of up-and-coming support acts at select dates on the tour: Arlo Parks, Sam Fender, King Princess, Yves Tumor, Japanese Breakfast and Wet Leg will join as support on select dates throughout the tour.

Jem Aswad Senior Music EditorRoxy Music, the legendary and influential British group who launched during the glam-rock era of the early 1970s but evolved into a suave and romantic brand of pop that influenced everyone from Chic to Duran Duran and Maxwell, will tour for the first time in 11 years to mark the 50th year since their groundbreaking self-titled debut album.Singer-songwriter Bryan Ferry, saxophonist Andy Mackay, guitarist Phil Manzanera and drummer Paul Thompson will perform 13 arena shows across North America and the UK, beginning September 7 in Toronto at the Scotiabank Arena.The tour will take the Rock and Roll Hall of Fame members across the U.S., including New York’s Madison Square Garden and The Forum in Los Angeles, before culminating with a performance at the O2 Arena in London. Tickets for the Live Nation produced North American shows will go on sale Monday, April 4 (10 a.m.

Jem Aswad Senior Music EditorVeteran dance music executive Patrick Moxey has announced details of his new label group and has signed a new, worldwide deal for two key record labels with Warner Recorded Music.The agreement, which encompasses the legendary Payday Records and the newly created Helix Records, will see Warner Recorded Music handling global digital distribution via its independent services arm ADA Worldwide, and includes the option for the parties to co-sign new repertoire.The move comes just weeks after Moxey left Ultra, the label he founded during the 1990s, and Sony Music.Helix Records, the group’s new flagship electronic dance music label, which was officially launched this week at Miami Music Week, has already signed several artists, including electronic duo Snakehips, British-Australian band AR/CO, legendary house dj/producer Marshall Jefferson, and tech house maven DJ Susan. Helix and Payday Records have offices in Los Angeles, New York, and London with 36-member team covering marketing and promotions in Canada, Sweden, Germany, France, and Australia.

Jem Aswad Senior Music EditorSpotify paid $7 billion in royalties to rights holders — primarily labels and publishers, but also distributors, performing rights organizations and others — in 2021, the company announced on Thursday in its annual “Loud and Clear” report.That total is more than any other service — with more than 180 million paying subscribers, Spotify is the top paid-subscription music service in the world by far — and sets the record for the highest annual payment from any single retailer in history, including during the height of the CD era, according to the announcement. (Because Spotify’s data is proprietary, it is not possible to cross-check all of these numbers with accuracy — see the full report here.) The report also states that in 2021, for the first time, more than 1,000 artists generated over $1 million on Spotify for rights-holders.

Jem Aswad Senior Music EditorMulti-platinum-selling rapper Trippie Redd, one of the first signings to 10K Projects, has re-upped with the company in a “long-term deal that will keep him at the label for years to come,” according to the announcement.In just five years, Trippie has released four studio albums, six mixtapes, eight EPs and almost three dozen singles — not to mention countless guest appearances — adding up to 15 Platinum and 8 Gold certifications.“We launched 10K Projects as a label where artists have complete creative freedom and the support to realize their vision,” said the label’s founder and CEO, Elliot Grainge. “Trippie Redd has thrived under these conditions, releasing a lifetime’s worth of music in just five short years and becoming a singular voice in contemporary music.” Trippie Redd commented: “Elliot signed me when I was 16.

Jem Aswad Senior Music EditorThe global recorded music market grew by 18.5% in 2021, driven by growth in paid subscription streaming, according to IFPI (International Federation of the Phonographic Industry), the organization that represents the recorded music industry worldwide. Figures released Tuesday in IFPI’s Global Music Report show total revenues for 2021 were $25.9 billion.While the free version of the report does not attach numbers to all of the rankings, they’re pretty fascinating anyway:The top 10 global artists, based on “consumption across all formats and all countries, weighted based on the value of each method of consumption,” are:The top 10 global digital singles were: The top 10 all-format albums were:And, for good measure, the top-selling vinyl titles across the world were:Digging into the data, the report notes that paid subscription streaming revenues increased by 21.9% to $12.3 billion, with 523 million users of paid subscription accounts at the end of 2021.

Jem Aswad Senior Music EditorOn Thursday morning, Dolly Parton ventured into the belly of Fox News’ hotbed of propaganda and misinformation, “Fox & Friends,” in an attempt to set the record straight about her decision to decline her likely nomination into the Rock and Roll Hall of Fame.“Well, I didn’t feel exactly right about that,” she said, while being interviewed on the show along with James Patterson, who co-authored her new book “Run, Rose Run.” “Because my perception, and I think the perception of most of America — I just feel like that’s more for the people in rock music. I’ve been educated since then, saying that it’s more than that, but I still didn’t feel right about it.

Jem Aswad Senior Music EditorGrammy-nominated rapper and Variety Hitmakers cover star Jack Harlow has announced that his second major-label album, “Come Home the Kids Miss You,” will be released May 6 via Generation Now/Atlantic Records. The album will feature the single “Nail Tech,” which was released last month.Harlow talked with Variety about the album last November.

Jem Aswad Senior Music EditorRay Alba and Nathan Sheppard have been named senior vice presidents of marketing for Capitol Records, the flagship label of Capitol Music Group, it was announced today by CMG President Arjun Pulijal, to whom the pair reports.  In their new roles, Alba and Sheppard will co-lead the label’s marketing department, overseeing the design and execution of marketing campaigns for the full roster of artists on the label.  Both executives are based at the company’s headquarters within the Capitol Tower in Hollywood.Alba (pictured above, left) comes to Capitol from Epic Records, where he was senior VP of publicity and worked extensively with Future and 21 Savage, among many others. Prior to joining Epic in 2018, he was VP of publicity and head of urban publicity at Interscope Geffen A&M Records from 2015 through 2018.

Jem Aswad Senior Music EditorSony Music Entertainment Latin-Iberia has struck a new partnership with WK Records, the record label founded by WK Entertainment CEO-founder Walter Kolm.WKR artists include reggaeton star Alex Rose, Grammy-nominated/ Latin Grammy-winning producer-artist Foreign Teck, singer-songwriter Emilia, Argentine trap artist Seven Kayne, and Colombian artist Cheo Gallego, with more signings to be announced in the coming weeks.WKR is led by CEO and WKE head of music Horacio Rodriguez (who joined last year after 15 years at Universal Music Latin), with a pop and urban division led by WKR GM/co-founder Oscar Guitián, and a regional Mexican division led by producer-composer-executive Alberto De León, who previously held roles at Universal, Capitol Latin, Machete Music and  Fonovisa/Disa. “We have an incredible relationship with the entire WK family,” said Sony Latin-Iberia chairman-CEO Afo Verde.

Jem Aswad Senior Music EditorIn what is rapidly becoming a mass music exodus out of Russia, Kobalt became the third major company to announce on Thursday that it is suspending business activity in Russia due to the country’s invasion of Ukraine. Of the three global major labels, Sony and Warner announced their pullout within an hour of each other on Thursday morning, and Universal made the move on Tuesday.Kobalt’s move is doubly significant because although it is a global company, Kobalt was founded in London by Swedish-born Willard Ahdritz and in many ways is a European company.

Jem Aswad Senior Music EditorSony Music has suspended all of its operations in Russia, the company has confirmed to Variety. “Sony Music Group calls for peace in Ukraine and an end to the violence. We have suspended operations in Russia and will continue our support of global humanitarian relief efforts to aid victims in need.,” the company said in a statement.Sources tells Variety that the company’s staffers will continue to receive their salaries for an undetermined time; the artists’ situation is still being worked out.Universal Music Group announced that it is suspending its operations in the country on Tuesday.

Jem Aswad Senior Music Editor“Clive Davis: Most Iconic Performances,” a four-art series featuring concert clips chosen by and interviews conducted by the legendary music executive, will premiere exclusively on Paramount Plus in the U.S. and internationally beginning Wednesday, March 23.In this special miniseries, culled from his virtual 2021 pre-Grammy Gala events, sees Davis taking viewers through some of his favorite musical performances from the last few decades.

Jem Aswad Senior Music Editortoday (March 9). He is based in the Republic Records Los Angeles office.Most recently, Beard  spent a decade at APG, where he rose from intern to senior VP of A&R and brought in Charlie Puth, Alex Benjamin and Pink Sweat$; he also has worked closely with David Guetta, Jason Derulo, Pitbull and Flo Rida, in addition to songwriters such as Amy Allen, Sean Douglas, Madison Love, Salem Ilese, and others. He also worked extensively as a DJ in nightclubs across the U.S., on-air for KIIS-FM and at private events.Goldstein said, “Miles has really set the pace for pop music with an unbelievable winning streak of incredible signings throughout the past decade.

Jem Aswad Senior Music EditorMitski, the National and the Roots will headline the Pitchfork Music Festival when it returns to Chicago’s Union Park, running from Friday, July 15 through Sunday, July 17.The Festival kicks off on Friday with The National, who played Pitchfork Music Festival’s first year in 2006, Spiritualized, Parquet Courts, Tierra Whack, Amber Mark, Dawn Richard, Tkay Maidza, Indigo De Souza, Spirit of the Beehive, Spellling, Camp Cope, Wiki, Ethel Cain, and CupcakKe.The festivities continue on Saturday with Mitski, Japanese Breakfast, Lucy Dacus, Low, Magdalena Bay, Dry Cleaning, Karate, Iceage, yeule, Arooj Aftab, The Armed, Chubby & the Gang, Hyd, and Jeff Parker & the New Breed. Closing day features The Roots, Toro y Moi, Earl Sweatshirt, Noname, BadBadNotGood, Cate Le Bon, Tirzah, Xenia Rubinos, Erika de Casier, Injury Reserve, Kaina, L’Rain, Sofia Kourtesis, and Pink Siifu.“This year’s lineup is a celebration of the rising indie class, and those who continue to pave the way for innovation,” said Puja Patel, editor in chief of Pitchfork.

Jem Aswad Senior Music EditorTreatment toward women in the music industry has shown some improvement but has a long way to go, according to the inaugural “Women in the Mix” study from the Recording Academy, Arizona State University and Berklee College of Music Institute for Creative Entrepreneurship.According to the announcement, the report is designed to examine and better understand the experiences and socio-economic landscape of women and gender-expansive people working in the American music industry. Developed to influence advocates, allies and leaders in music to work towards a more inclusive and equitable industry, the study explores demographic characteristics, employment experiences, career challenges, job satisfaction, family decisions, and pathways into the music industry within this community.

Jem Aswad Senior Music EditorKobalt today reported that its gross collections grew by 15% to $548 million in the fiscal year ending June 30, 2021. The company also reported its first-ever year of profitability with $48.5 million EBITDA. The company also said it expects to approach $625 million in gross collections and near $65 million in EBITDA profit for the next fiscal year ending June 30, 2022.In the fiscal year ending June 30, 2021, Kobalt sold two businesses: In May 2021, it sold its AWAL label services company and neighboring rights businesses for $430 million, which yielded a gain of over $335 million (and was recently approved by U.K.

Jem Aswad Senior Music EditorTom March has been named president of Geffen Records in the U.S., the company announced today (March 7). March, who as co-president of Polydor Records made the label one of the top imprints in the U.K., will begin his tenure at Geffen in July.Geffen Records was relaunched by Interscope Geffen A&M chairman & CEO John Janick two years ago as a label within Interscope, and it launched 2021’s breakout star Olivia Rodrigo, who is nominated for seven Grammy Awards.

Jem Aswad Senior Music EditorRepublic Records has appointed David Wolter executive vice president of A&R,label  co-president Wendy Goldstein announced today (March 7). He is based in Republic Records’ New York headquarters.Throughout his career,  Wolter has signed or worked closely with artists ranging from Gorillaz to Jack Antonoff’s Bleachers. At Republic, he will oversee upcoming releases for Benee, Greta Van Fleet, Jimmy Fallon and others, in addition to signing new talent.Prior to joining Republic Records, Wolter had been an executive VP of Virgin Records at Capitol Music Group since 2017.

Jem Aswad Senior Music EditorAnyone paying even casual attention to the music industry must have noticed the skyrocketing value of song catalogs, which have exploded at such a rate that we’re seeing an average of two or three nine-figure deals per month, with Sting, Neil Diamond and David Bowie’s estate making multi-hundred-million-dollar sales in just the past two months.Thus, it was just a matter of time before performing rights organizations — an often-overlooked multi-billion dollar business that collects royalties when songs are played everywhere from bars and restaurants to stadiums — got into the game, and BMI, which along with ASCAP is the biggest PRO in the U.S., has enlisted unnamed advisors to assist in exploring opportunities for its members and its business, according to an internal letter obtained by Variety. In the letter, BMI president-CEO Mike O’Neill sets the scene described above and writes, “It’s important that we evaluate what this could mean for BMI, both now and into the future.