As part of the questionnaire for this year’s Power 100 list, honorees were prompted to give their thoughts on four separate questions: the state of the industry, what they foresee for the future of the business, the charities they support and what they would do if they didn’t work in music. Over the next several days, we’ll run a roundup of responses to each of those questions — our way of offering a snapshot of what the biggest players in the industry are thinking as we head into the new year.
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Frank DiGiacomoThis first installment focuses on the following question: “What are your frustrations with the industry right now?” In the answers, executives hit on a few common themes. On the A&R front, one frequently-voiced frustration was an over-reliance on data and too little commitment to traditional methods of artist development, while others seemed concerned about the lack of a united front in the business — or, as one executive put it, “When it’s everyone against the world, it’s a bit easier.”
But more striking was the wide range of responses, from frustration around low streaming payouts, to the loss of jobs at record labels, to AI companies training their models on music without consent or payment to rightsholders, to one age-old complaint: so-called “bad actors” who prey on vulnerable artists.
Check out all the responses below, from executives including Mitch Glazier (RIAA), Larry Jackson (gamma.), Sherrese Clarke (Harbourview Equity Partners) and Elizabeth Matthews (ASCAP). And stay tuned for more roundups in the coming days.
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