During a three-decade stint at SJM Concerts, the executive promoted artists including Oasis, Foo Fighters, Green Day, The Chemical Brothers and Lily Allen.
The Billboard Global Music Index fell 1.2% to 1,757.70, bringing its year-to-date gain to 14.6%.
Other Canadian music industry stories this week: Vancouver Jazz Festival calls for donations and The Boss is Toronto bound.
Also this week: PULSE promotes an A&R veteran, Capitol Theatre taps a new general manager and a Recording Academy mainstay ventures out.
The industry usually thinks about superfans in terms of young pop consumers. But this ignores the value of dedication over time.
Also this week: Tunespotter acquires What-song.com, Warner Music Brazil partners with Sua Música Group and more.
Investors reacted to the company’s overall streaming revenue growth of just 4.1%, which was down from 11% a year earlier, and a sharp slowdown in subscription growth.
Whether gymnastics routines or ice skating choreography, music plays a big role at the Olympics. But who gets paid when a song is played?
Though recorded music subscription revenue grew 6.5% in the quarter, ad-supported and "other" streaming revenue declined.
Subscription revenue continued to grow, but other streaming revenue — including ad-supported streaming — declined in the quarter.