He has pushed UMG to pursue vital reforms to streaming aristocracy styles that are going to focus on paying true performers. And also he has resisted versus fraudulence and also those games the body.
He’s been commended by capitalists, featuring Expense Ackman, whose hedge fund has ten per-cent of the company, for his tactical use of innovation to improve the music business. British record executive
Lucian Grainge
As Leader and Chief Executive Officer of Universal Songs Group, Lucian Grainge commands a significant volume of the songs world’s electrical power. His label lineup includes celebrity simulate Ariana Grande, Drake and Taylor Swift while his organization transactions have created a degree of reliability among the Big 3 that’s rarely viewed in the field.
Grainge started his profession in 1986 when he introduced PolyGram Popular music Posting UK, ultimately turning into one of the country’s leading three music publishers. He at that point signed up with Polydor in 1993 as General Supervisor of A&R, going up to Dealing with Director by 1997. He will become named Leader as well as CEO of UMG’s UK branch in 2001.
Throughout his job, Grainge has originated brand new strategies to signing and also developing the popular music market’s most successful performers as well as songwriters. He has actually additionally championed the progression of innovative business designs and relationships along with a variety of technology and also media companies. A London citizen, Grainge received a knighthood coming from Queen Elizabeth II in 2016 as portion of her 90th Birthday Accolades list.
Jody Gerson
Jody Gerson increased up listening closely to her moms and dads’ vinyl fabric and also reading lyric pieces coming from aged New York songwriters. Currently, as head of state of UMPG, she’s placing that same interest for music right into your business of enabling performers. Her strategic usage of modern technology has reshaped the field. Real Estate Investor Bill Ackman, that possesses 10 percent of UMG with his organization Pershing Square Funding Control, has actually compared her to Netflix’s Reed Hastings and Apple’s Steve Jobs.
She is actually additionally leading UMG right into higher growth markets, as well as pioneering its own initiatives on sustainability, variety, and also incorporation. She lately handled a board place for She Is actually The Popular music, an organization that champs ladies in the music business.
Signboard Magazine Power Exec of the Years
The music sector’s worldwide revenue recoiled to a document high in 2022, thanks in big part to streaming and a brought back performance service. It was validation for Grainge, that rode UMG’s early bank on digital advancement (such as the EMI acquisition) into his part as chairman as well as chief executive officer of the world’s biggest songs company.
He proceeded his vision for the future through widening the extent of what a popular music business may be actually. Merchandising wing Bravado released pop-up shops and direct-to-consumer purchases approaches, while an investment in movie and television brought about the Academy Acclaimed film Amy, concerning the overdue singer-songwriter.
UMPG proceeds to bolster its songwriting lineup through a worldwide crew that “presumes worldwide, functions in your area” for brand new opportunities, says Lioutikoff. The group has actually had the ability to aid writers such as Kate Shrub experience a significant comeback from her keep track of “Managing Up That Mountain” along with a savvy synch placement in the 4th season of Netflix’s Unfamiliar person Factors.
Billboard Journal Electrical Power one hundred
Throughout 2024, he supervised the expansion of Universal Songs’s U.K. distribution organization, which now operates from a new stockroom northwest of London. He additionally helped introduce a streaming-focused label, ADA UK, and scored hits along with musicians like Maisie Peters and also Fred once again.
Grainge proceeded to define his duty as forerunner of the world’s largest document label, requiring an upgraded organization design in his yearly letter to UMG wage earners. He also advocated for an artist-centric approach to streaming aristocracies that will find to remove fraudulence and also boost payouts.
The self-described point protector for realm’s legal staff led a number of the year’s biggest offers, featuring the $250 million sale of David Bowie’s publishing and master recordings to Sony Music, as well as Sting’s $500 million purchase of his track directory to UMG. He has actually likewise utilized his significant authority to market social concerns such as temperature security and sustainable growth. Moreover, he led the company’s endeavor into online songs resources.