- Def Jam Brings DJ Mormile and Jeff Burroughs to Leadership Team
Def Jam Recordings has announced that music industry veterans DJ Mormile and Jeff Burroughs have joined the senior executive team. Burroughs will serve as Def Jam’s Senior VP of Marketing in New York City, while Mormile will work in the Santa Monica office as the Executive VP, West Coast.
Mormile has represented artists like YG and Soulja Boy and has over twenty years of experience in the music industry. Burroughs comes to Def Jam from Rise Entertainment, a marketing, consulting and brand strategy firm that he founded. His past jobs include Executive VP at Bad Boy Entertainment and Senior VP at RCA records.()
2. Q1 Profits Drop for SiriusXM After Pandora Acquisition
After posting its Q1 2019 operating and financial results, SiriusXM reported that the company’s quarterly profit had declined 44% from the previous year. The company has commented that the drop is attributed to $76 million of acquisition and other costs related to the Pandora buyout.
Despite the dip, total revenue increased 27% to $1.7 billion year over year. “We are right where we want to be and moving very fast,” said CEO Jim Meyer during the earnings call. “It’s still the first inning, but I’m pleased with the progress we’ve made so far.” ()
3. 40,000 Tracks Are Being Added to Spotify Every Day
Spotify founder Daniel Ek told investors on April 29 that almost 40,000 tracks are being uploaded to Spotify’s platform every day. A little over a year ago, that number was 20,000 daily uploaded tracks, showing incredible growth. Forty thousand tracks per day means that at this current growth rate, Spotify will add over 50 million tracks to it’s library every three-and-a-half years.
Ek also stated that there are now over 3.9 million artists and podcasters featured in Spotify’s catalog. He commented, “In Q1, we saw a 20% increase in the number of artists streamed on our platform year-over-year and a 29% increase in the number of artists with at least 100,000 listeners.” ()
4. Sylvia Rhone Named as Epic Records Chairman and CEO
After serving as president of Epic Records since 2014, Sylvia Rhone has been promoted to chairman and CEO. She will manage the creative direction and management of the label, which boasts a roaster that includes DJ Khaled, Camila Cabello, and Travis Scott.
Sony Music CEO Rob Stringer called Rhone “an iconic executive who has played a critical leadership role in driving Epic’s recent artist development success.”
Before joining Epic Records, Rhone was President of Motown Records and Executive VP at Universal Records. She was the first African American woman to be named chairman of a major record company during her time at Warner Music Group’s Elektra Entertainment Group from 1994 – 2004. ()
5. New Taylor Swift Music Video Breaks YouTube Records
YouTube Music announced that the music video for Taylor Swift’s newest song, “ME!,” racked up 65.2 million views in just one day. This has broken the record for the highest female and solo 24-hour debut for any music video on YouTube’s platform.
Pop singer Ariana Grande was the previous record holder for her video, “Thank U, Next” with 55 million views on its release day. The current leader for most views overall for a music video is BTS’ “Boy With Luv.” ()