Edited by Dan Rys
UMG Executive Committee’s Big Payday
Universal Music Group’s 11-person executive committee was paid a total of $128.4 million in short-term employee benefits — most likely salaries and bonuses – in 2020, according to financial information released by the music group’s parent company Vivendi.
When post-employee benefits and share-based payouts are added, that total jumps to $132 million — almost double the $62.2 million paid to the executive team in 2018.
According to the UMG website, the executive team consists of UMG chairman/CEO Lucian Grainge; executive vp Michele Anthony; chairman/CEO of Central Europe and Deutsche Grammophon, Frank Briegmann; executive vp and general counsel Jeffrey Harleston; executive vp and chief people and inclusion officer Eric Hutcherson; United Kingdom and Ireland chairman/CEO David Joseph; executive vp marketing Andrew Kronfeld; executive vp/CFO Boyd Muir; executive vp digital strategy Michael Nash; executive vp/chief administrative officer Will Tanous; and Universal Music Publishing Group (UMPG) chairman/CEO Jody Gerson.
The financial data drop, which Vivendi likely released in preparation for UMG’s expected to become publicly traded in late-September, does not specify how that $128.4 million was divvied up among the 11 executives. Were it distributed equally (it’s not), it would amount to an $11.7 million 2020 payday for each executive — not enough to buy happiness, perhaps, but sufficient to purchase a yacht that would float pretty close.
Financial observers note that executive team compensation expected to look even richer once UMG goes public, as the company will probably have its own management incentive stock plan. But as things stand now, UMG’s executive team likely received higher salaries due because they don’t have such a management incentive stock plan. In order to attract and maintain top talent, UMG has to compete with the Warner Music Group, which does have a management incentive stock plan that will someday deliver hundreds of millions of dollars to its upper management team. Also, the salary structure for the executive management board probably reflects the value that the team has created down through the years through its management of UMG: In 2013 Softbank offered to buy UMG from Vivendi for $8.5 billion; currently, UMG is valued at about $40 million.
UMG’s total personnel costs in 2020, including the executive management team, were $1.42 billion of which $1.2 billion went to salaries – 17.6% of the companies $8.04 billion in revenue.
Last year, Universal carried on average 8,800 employees, up from 8,400 in 2019 and 7,900 in 2019. If the executive team’s compensation is excluded from overall salaries and total benefit compensation, that works out to an average salary of $121,000 and an average benefits package — which also includes social security and other employee costs — of $147,000. But, again, this is still skewed somewhat higher by salaries and bonuses paid to label chairman like Republic’s Monte Lipman and Interscope’s John Janick, which are generally not disclosed. (The foreign currency translations used in this story are based on the annual average exchange rates experienced by Vivendi and quoted in the company’s annual financial results for the year of 2020 — 1 euro to $1.13; and 2018 — 1 euro to $1.187.)
UMG declined to comment . –-Ed Christman
Joni Chats With Clive At Grammy Gala
When part two of Clive Davis’ invitation-only virtual Pre-Grammy Gala takes place on May 15, the festivities will include a prerecorded interview with Joni Mitchell that was conducted by the master of ceremonies. A source in Davis’ camp says that during the conversation, Mitchell, 77, cites Édith Piaf and her early exposure to Black artists as influences on her jazz-influenced style of songwriting. While growing up in Alberta, Canada, she tells Davis, “There was a sideshow when the fair came to town called Harlem in Havana. We were all forbidden by our parents as kids to be seen even standing there watching because it was Black burlesque,” she recalls. “But they played a really sexy version of [Jimmy Forrest’s] ‘Night Train’ and that piece of music really affected my writing,” she explains.
When Davis asks for Mitchell’s reaction to the multitude of artists who have been influenced by her work and covered her songs, Mitchell, who has given few interviews since recovering from a 2015 aneurysm that affected her speech and ability to walk, says that she was told repeatedly over the course of her career, “Nobody is ever going to cover your songs. They are too personal.”
Other artist conversations slated for the gala include Queen’s Brian May and Roger Taylor, Elton John, Paul Simon, H.E.R., DaBaby, Carlos Santana, Rob Thomas, Dave Grohl, Dionne Warwick, Slash and Donovan. –Frank DiGiacomo
Olivia Rodrigo is zooming to her Saturday Night Live debut this weekend straight from releasing her new song “Good 4 U,” which dropped Friday (May 14).
She’ll live-debut “Good 4 U” — the third song she’s released ahead of her highly anticipated debut album Sour, due May 21 — on SNL for the first time while performing alongside host Keegan-Michael Key.
Here are five things we want to see from her SNL appearance on Saturday night.
1. High School Musical sketch
Rodrigo is no stranger to television, considering she stars as Nini on the Disney+ series High School Musical: The Musical: The Series, which premiered its second season Friday. And when fellow fictional East High Wildcat Zac Efron hosted SNL in 2009, he pretended to return to his alma mater to break the news that no one sings or dances in college. Similarly, Rodrigo could come back to East High in her own spoof, maybe where she advises students that once you leave this place, the brightest ones are those who couldn’t stop singing and dancing everywhere they went.
2. “Drivers License” performance from inside a car
The long-running NBC sketch comedy series already dedicated an entire sketch to the Billboard Hot 100 No. 1 song on Feb. 20, which conveniently aired on Rodrigo’s 18th birthday. Saturday could mark the first time “Drivers License” is sung by the actual star on the show, but can SNL permit her to cruise onto Studio 8H in a sweet ride for a special performance?
3. Angsty “Good 4 U” display
Rodrigo already announced she would be performing “Good 4 U” on SNL when she announced the new song earlier this week, but the Petra Collins-directed music video is too good not to re-create on the stage. OK, maybe the flooding bedroom on fire might not be approved by the fire marshal, but the pop-punk angsty aesthetic needs to be honored in some shape and form (yes to the black latex gloves).
4. Reunion with Taylor Swift
The self-proclaimed “biggest Swiftie in the whole world” finally met her idol at the 2021 Brit Awards on Tuesday, long after the pop superstar co-signed “Drivers License” and even her cover of Swift’s “Cruel Summer.” Is it too much to ask for these two to meet up again and for Swift to give her a warm welcome to New York?
5. Another taste of Sour
Even though her debut album is only a week away, singing another song from Sour in addition to the debut TV performance of “Good 4 U” would make her SNL debut so much sweeter.
Saturday Night Live airs Saturday nights at 11:35 p.m. ET/8:35 p.m. PT on NBC.
On the first episode of her new podcast The Ally Brooke Show, Ally Brooke opens up about the mental and verbal “abuse” she allegedly suffered while in Fifth Harmony.
For the first time, the 27-year-old singer talked about her time with former bandmates Normani, Lauren Jauregui, Camila Cabello and Dinah Jane in the hourlong “My Time in Fifth Harmony / I Believe in Miracles!” episode that premiered Wednesday. Despite praising them for being the biggest girl group of the 2010s that will “be in the history books,” she says, Brooke shed light on some of the darker moments she experienced.
“I hate saying this: My time in Fifth Harmony, I didn’t enjoy it. I didn’t love it,” she confessed. “It was hard because there was so much going on. So much behind the scenes, so much toxicity, so much abuse, so much abuse of power, so much mental abuse, verbal abuse. And it’s just horrible and to me, it’s a shame because we were so big. I should have enjoyed myself more.”
Brooke was also candid about the “competitive” environment the girls were in, including the “fight for our lives” to see who got to sing the good parts of a song, and the environment felt hostile. “There was such inappropriateness, too, within the label — talking to us a certain way, talking to me a certain way, making me feel uncomfortable, making me feel inferior and knowing that they can make me feel that way because I was a woman,” she said.
She told Extra on Thursday about the “inappropriateness” she experienced. Brooke recalled at one point how she approached a male executive for help when the girl group was going through a breaking point, and how his alleged behavior ended up making her feel “helpless.”
“There was a lot happening within the group, and we were kind of breaking, and I went to this executive for help. This person said, ‘Oh yes, I can help you. No problem.’ And I felt so much comfort in going to someone,” the “No Good” singer recalled in the interview. “This man, he approached me with a thong. That was the first thing that he gave me. When you go to someone for help and all they meet you with is inappropriateness, it’s horrible … I felt embarrassed, ashamed. I felt helpless.”
Brooke also told Extra’s Jenn Lahmers that sharing the ups and downs she faced in 5H in her new podcast allows her to be more “vulnerable,” which she’s felt very nervous about, and be “real and raw with my fans.” She also points out in her own podcast what she hopes listeners will take away from it while sharing an important reminder for other female artists in the business.
“I’m so thankful I survived that period in my life, and again, I take the blessings with Fifth Harmony and the lessons, because I learned a lot of lessons,” Brooke said in the first podcast episode. “And I hope by me sharing my story that I can help someone else to speak out, to speak up, to maybe be alert and be aware, and know that there’s a better way to get things done, there’s a better way to live and to thrive in this industry. And we as women, we deserve our respect.”
Billboard has reached out to Fifth Harmony’s labels, as well as reps for Normani, Jauregui, Cabello and Jane.
Listen to the first episode of The Ally Brooke Show below.
Universal Music Group still owned 6.487 million shares of Spotify — or 3.37% of outstanding shares — on Dec. 31, according to detailed financial results the company disclosed Wednesday in anticipation to being publicly traded by the end of September.
On Dec. 31, 2020, Spotify closed at $314.66 per share but has fallen since and on Friday (May 14) it closed at $223.59. Since UMG put the average share purchase price of 6.58 euros ($8.10) on April 13, 2018, the day Spotify shares began trading), if it sold the shares at the Dec. 31 closing price, UMG would have realized $2.04 billion, or a profit of $1.99 billion after subtracting out the combined share purchase price of $52.54 million.
If it still holds the shares, their current value is $1.45 billion — which would yield a profit of nearly $1.4 billion if sold at Friday’s share price.
UMG and the other major labels, Sony Music and Warner Music Group, each took equity as part of their licensing deals that allowed Spotify to launch in the U.S. in 2011. As of Dec. 31, UMG maintained a larger equity stake in Spotify than any of its competitors. Sony Music sold half its 5.707% stake for $768 million following Spotify’s IPO in April 2018, leaving it 5.082 million shares a 2.85% stake at the time — a percentage that would have been diluted since then. (Based on Warner Music, meanwhile, confirmed in August 2018 that it sold its full 4% stake for $504 million.
In March 2018 UMG committed to giving its artist a share of its Spotify profit — probably equivalent to whatever percentage royalty they are paying specific artists. Later that year, Taylor Swift revealed her new contract with the label included a condition that ensured “any sale of [UMGs] Spotify shares result in a distribution of money to their artists, non-recoupable.” Sony and Warner both paid artists a portion of their profits.
Spotify isn’t the only streaming service Universal has an ownership stake in, though. The company’s filings also revealed that it owned nearly 12.25 million shares of Tencent Music Entertainment as of Dec. 31, or 0.74% of outstanding shares.
While UMG didn’t disclose what share purchase price it paid for Tencent shares, on Dec. 31 those shares closed at $19.24. If UMG sold at that price, it would have realized $235.6 million. If UMG still holds those shares and sold at Friday’s 15.21 close price, the company would realize $186.3 million.
Jesy Nelson is turning over a new page after departing from Little Mix, and it comes with a new hair color: She debuted her platinum locks Friday (May 14).
The 29-year-old singer showed off her new icy color in three Instagram pictures, captioning the first picture “No rain no flowers” before feeding her fans with subsequent glam shots in her white tank top, dark-washed Jeàn Vintage flare denim pants and purple Air Jordan 1s.
Nelson’s new look comes two weeks before she surprised fans with a “new do” that resembled Posh Spice’s iconic bob from the ’90s. Her former bandmates also paid tribute to the Spice Girls at the 2021 Brit Awards, where they made history for becoming the first female band to win the award for British group.
In their acceptance speech, Perrie Edwards, Leigh-Anne Pinnock and Jade Thirlwall called out the “white male dominance, misogyny, sexism and lack of diversity” in the music industry while giving flowers to the girl bands who came before them. “It’s for the Spice Girls, Sugababes, All Saints, Girls Aloud, all of the incredible female bands. This one’s for you!” Thirlwall added. They also thanked their former bandmate onstage.
Nelson applauded Little Mix’s big win on Instagram by posting a picture of them holding their Brit Award with a series of heart and clapping hand emojis.
See her new blonde ‘do below.
The Clark Sisters’ “His Love,” featuring Snoop Dogg, rules Billboard’s Gospel Airplay chart, rising 3-1 on the ranking dated May 15. In the tracking week ending May 10, it increased by 15% in plays, according to MRC Data.
“His Love” is the third Gospel Airplay No. 1 for The Clark Sisters and the first for hip-hop icon Snoop Dogg, who adds his latest gospel chart honors.
Launched in their hometown of Detroit in 1980, The Clark Sisters comprise siblings Dorinda Clark-Cole, Jacky Clark Chisholm, Karen Clark Sheard and Twinkie Clark. (The act was first a quintet; Denise Clark Bradford left in 1986.)
“His Love” was authored by Ben Briggs III, Elbernita “Twinkie” Clark, Dorinda Clark-Cole, Karen Clark-Sheard, Faith Evans, Kierra Sheard, J. Drew Sheard II, Jaila Simms and Snoop Dogg.
“On behalf of the Clark Sisters I would like to say that we are very, very excited,” Karen Clark-Sheard tells Billboard. “We are grateful for the gifts God gave us to be a blessing with our music. To know that we have another No. 1 is exciting, especially during this time and season in the country. The pandemic hasn’t afforded us the opportunity to travel a lot and perform, but our music being heard on radio stations nationally has been a vehicle for our ministry to reach the masses. Thanks to our fans that supported the project, and to gospel radio.”
“His Love” follows The Clark Sisters’ previous Gospel Airplay No. 1 “Victory,” which led for two weeks in June-July 2020. The act first reigned with “Blessed and Highly Favored” for seven weeks in June-July 2007.
For Snoop Dogg, “His Love” is his second Gospel Airplay entry, following his featured turn on Rance Allen’s “Blessing Me Again” (No. 11, June 2018).
Snoop dominated Top Gospel Albums for seven weeks starting in March 2018 with his first faith-based set, Snoop Dog Presents: Bible of Love. The 32-track album includes features by such gospel stalwarts as Erica Campbell, Marvin Sapp, Tye Tribbett and Charlie Wilson.
The versatile Snoop Dogg reached No. 2 on the Regional Mexican Airplay chart last July with “Que Maldicion,” with Banda MS de Sergio Lizarraga. Before this week, he last led any airplay charts in fall 2018 as featured, with Ball Greezy, on Lil’ Duval’s “Smile (Living My Best Life),” which topped R&B/Hip-Hop Airplay and Rap Airplay. Snoop Dogg made his Billboard chart debut 29 years ago this month, in May 1992, via “Deep Cover,” billed as by Dr. Dre Introducing Snoop Doggy Dogg.
For the first time in 2021, nine albums debut in the top 10 of Billboard’s Top Album Sales chart (dated May 15). That’s the most concurrent top 10 debuts since the Oct. 17, 2020-dated tally, when there were also nine arrivals.
French rock band Gojira leads list for the first time, as its latest studio effort, Fortitude, bows at No. 1 on the chart with a career-high 24,000 copies sold in the U.S. in the week ending May 6.
Also starting in the top 10 are new releases from Grateful Dead, Manchester Orchestra, DJ Khaled, Thomas Rhett, Royal Blood, Dropkick Murphys, Pink Floyd and MercyMe.
Billboard’s Top Album Sales chart ranks the top-selling albums of the week based only on traditional album sales. The chart’s history dates back to May 25, 1991, the first week Billboard began tabulating charts with electronically monitored piece count information from SoundScan, now MRC Data. Pure album sales were the measurement solely utilized by the Billboard 200 albums chart through the list dated Dec. 6, 2014, after which that chart switched to a methodology that blends album sales with track equivalent album units and streaming equivalent album units. For all chart news, follow @billboard and @billboardcharts on both Twitter and Instagram.
Of Fortitude’s debut sales of 24,000, physical album sales comprise nearly 16,000 of that figure (7,000 CDs and 8,000 vinyl LPs) while digital album sales comprise 8,000. The set also bows at No. 2 on the Vinyl Albums chart, as well as No. 1 on the Tastemaker Albums chart. The former ranks the week’s top-selling vinyl albums, while the latter tallies the top-selling albums at independent record stores.
Gojira’s previous high-water mark on Top Album Sales came with 2016’s Magma, which debuted and peaked at No. 13 (July 9, 2016 chart) with its then-best sales frame (17,000).
Fortitude also makes a splash at No. 1 on Top Rock Albums and Hard Rock Albums and No. 12 on the all-genre Billboard 200 chart.
Grateful Dead’s latest archival live album Dave’s Picks Vol. 38: Nassau Veterans Memorial Coliseum, Uniondale, NY-9/8/73 debuts at No. 2 on Top Album Sales with 20,000 sold. It’s the band’s 23rd top 10 effort on the nearly 30-year-old chart.
Rock band Manchester Orchestra lands its highest-charting set yet on Top Album Sales, and second top 10, as The Million Masks of God launches at No. 3 with 16,000 sold. The group’s previous high-water mark came in 2017 with the No. 7-peaking A Black Mile to the Surface. The Million Masks of God also starts at No. 1 on the Vinyl Albums chart, with 12,000 sold via vinyl.
Carrie Underwood’s My Savior is the lone holdover title in the top 10 on Top Album Sales, as it falls 2-4 in its sixth week on the chart (a little over 16,000 sold; down 18%).
DJ Khaled’s star-studded Khaled Khaled album bows at No. 5 with 15,000 sold, while Thomas Rhett’s Country Again (Side A) starts at No. 6 with 14,000. They are the 10th and fifth top 10-charting albums for Khaled and Rhett, respectively.
English rock duo Royal Blood lands its second top 10 on Top Album Sales, as Typhoons debuts at No. 7, selling 11,000. The set also launched at No. 1 on the Official U.K. Albums Chart. Dropkick Murphys’ Turn Up That Dial debuts at No. 8 on Top Album Sales with 11,000 sold. It’s the fourth top 10, all consecutive, from the group.
Pink Floyd’s Live at Knebworth starts at No. 9 with 10,000 sold. It’s the sixth top 10 for the act since the Top Album Sales chart started in 1991. The set captures a June 30, 1990, concert that was previously only available as part of the 2019 boxed set The Later Years.
Closing out the new top 10 on Top Album Sales is MercyMe’s Inhale (Exhale), starting at No. 10 with 8,000 sold. It’s the sixth top 10 for the group.