The annual report, released this week, ranks the world’s largest music markets based on recorded music revenues.
Over a decades-long career that included a stint at Better Noise Music, McFadden worked with artists including Bob Seger, Coldplay and Paul McCartney.
Streaming revenues surpass $20 billion for the first time, representing just under 70% of global recorded music sales.
The award to the co-chairman/COO of Warner Records will be presented this fall at the annual Spirit of Life Gala in L.A.
Streaming revenue accounted for 84% of the $17.7 billion generated last year.
The company's shares dropped on major shareholder Pershing Square’s plan to sell 50 million shares, capping off a rough week for most music stocks.
Also this week: It's growth time at The Apollo, Round Hill adds two C-suiters and an Audacy programming veteran announces he's going solo.
New research from Women In Jazz says the genre has a long way to go in creating a level playing field for female artists.
Also this week: A new music generative AI player emerges, J-pop company Asobisystem teams up with Asian music investor blackx and more.
The sale on the Euronext Amsterdam exchange is separate from Pershing Square’s plan to force a listing on a U.S. exchange.
