UMG chief and protector of the realm Sir Lucian Grainge made a point of calling out "merchants of garbage" during the label group's earnings call. In this particular case, it wasn't a reference to HITS.
As you may know, the DSPs are moving to adjust their payout models, with non-performing tracks and "noise" being demonetized and/or demoted to favor music, and fraud being penalized. Grainge explained to listeners that he is aiming his vitriol at certain parties who have been critical of the artist-centric royalty model he began championing early this year. "Those groups who have expressed a concern about artist centric," quoth Sir Grainge, "are those whose business model is based on being merchants of garbage."
"Sorry," he added, "I can’t really think of another word for content that no one really wants to listen to."
Ouch. Your move, trashmongers.
THE RISE OF CHAPPELL ROAN: BEHIND THE SCENES
Here's how it happened. An oral history by Craig Marks. (8/30a)
A SIZZLING HITS LIST
Hot off the grill. Pairs well with your brewski of choice. (8/30a)
GUY MOOT AND CARIANNE MARSHALL: THE HITS INTERVIEW
Publishing's dynamic duo (8/28a)
THE COUNT: A LABOR (DAY) OF LIVE-MUSIC LOVE
Your other option is staying home and watching college football. (8/30a)
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THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
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