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Downtown Music CEO Blasts ‘Misinformation’ Around Virgin Acquisition: ‘It’s Disappointing’

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As opposition to the $775 million acquisition of Downtown Music Holdings by Virgin Music Group heats up, Downtown CEO Pieter van Rijn says the controversial deal has attracted more attention because of the buyer’s owner, Universal Music Group (UMG), than it has for the benefits musicians would enjoy from the combination.

In an open letter obtained by Billboard, which arrived as the European Commission investigates the acquisition’s potential effect on competition, van Rijn took aim at what he called “misinformation” aimed at “undermin[ing] our longstanding and trusted client relationships….It’s disappointing to see how quickly some parts of our industry closed the door to rooms we — and others — helped build.” He added that the debate about the acquisition, announced on Dec. 16, and its impact on the independent music community “must be honest. It must be about facts, not agendas.”  

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While van Rijn referred to the acquisition as a “merger” of Downtown and Virgin, a label services provider owned by UMG, European regulators are more concerned about the transaction’s potential to hurt competition for artist and label services. In July, European regulators began a four-month investigation into the acquisition after a standard preliminary review, owing to the fact that UMG is the largest record label/publisher by both annual revenue and market capitalization, and that Downtown owns a variety of companies that allow independent recording artists and songwriters to generate revenue in today’s digital-focused market, including distributors FUGA and CD Baby, publishing administrator Songtrust and rights management company AdRev.  

Opposition quickly mounted after Virgin and Downtown announced the acquisition. The day after the revelation, the deal was opposed by independent music groups IMPALA, Association of Independent Music (AIM) and IMPF, a global trade body for independent music publishers. IMPALA executive chair Helen Smith called the transaction “another land grab” and urged European competition authorities “to set the standard internationally” by blocking the deal.  

But van Rijn has painted the company’s acquisition by Virgin as an opportunity to better serve independent artists who need a range of services to compete in the modern global music business. He called Virgin “a business that aligned with our own, not only in its philosophy but also in the complementary services that we offered.” Downtown had been approached by other interested suitors, van Rijn said, but Virgin’s interest marked the first time Downtown encountered a potential partner “who wanted to invest in Downtown, our team, and our clients.”

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Without naming names, van Rijn referenced independent music groups that “chose to overlook the clear benefits for their members” that the acquisition offers. Independent artists, he continued, need partners “to open doors and unlock the potential of their music.” He added that these artists would be better off under a combined Downtown-Virgin that could offer “more resources, greater support, more innovative technology, all while not only maintaining, but actually building on, the great service levels, platforms, and the flexibility of our current offering.”

Van Rijn’s open letter followed a similar statement by Virgin co-CEOs JT Meyers and Nat Pastor in July that explained the motivation behind the acquisition (to combine the two companies’ “unique capabilities” to create “an even more robust and flexible suite of services”) and addressed concerns about independent artists and labels’ sensitive data ending up in the hands of a UMG-owned company. “Virgin already handles — with the care and confidentiality they deserve — the sensitive client data of hundreds of partners,” they wrote. “Betraying the trust our clients have bestowed on us would be self-destructive: they would quickly, and quite rightly, end the relationship.” 

In his letter, Van Rijn also acknowledged artists’ concerns about data protection and security as “natural” but insisted that “Virgin, like Downtown, operates in a culture built on trust. And, therefore, our clients can expect the same, if not expanded, industry-leading data protection and security they are used to now.”

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‘This Feels Like a Selfish Time Creatively For Me’: Seven Lions on His New Album & Staying True to His Sound

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Every morning, Jeff Montalvo wakes up at 7:00 a.m. at his house in Washington state, makes himself a chai vanilla tea and sits on the couch, where his cat, Sirius, sits with him. They spend an hour hanging together, then Montalvo shifts into business, which for him is making music as the longstanding and widely beloved melodic bass producer Seven Lions.

He goes through emails then gets on Instagram, where he looks for art and artists he likes for potential collaborations. This art component is vital and ever-growing, as the Seven Lions project has always had a strong visual identity, where Montalvo and his team have created a mystical, magical, darkly fantastical realm for his music to live inside of and give life to.

Speaking to Billboard in the lobby of the Hollywood hotel he’s staying at while in town, Montalvo references the narrative arc that runs through the project that began with his 2012 debut EP Day to Come, a story complete with characters and symbols and chapters that expands into new territories again today (Dec. 12) with the release of the second Seven Lions album, Asleep in the Garden of Infernal Stars.

While Montalvo is tight-lipped about the specifics of the storyline, one only needs to study the enchanting album cover — which finds a woman asleep in a boat floating along a river in a pretty enchanted looking land — to find clues. “We have a whole mythology written,” he says, “so everything slots in. That’s why we haven’t released the full story of, ‘This is what Seven Lions is.’ The idea is behind it is that it keeps everything very cohesive visually, as far as the world building goes.”

He does reveal, however, that he knows how this story ends.

But while he several times references maturing in the scene, the Seven Lions story is far from over with his new project, out via Seven Lions’ own Ophelia Records. The 11-track set is his classic sound, with the producer acting as sort of a sorcerer who bends bass, guitar, anthemic vocals, drum & bass and the heavy metal elements that have always been his signature into soaring, head-banging and also often very enchanting music.

Here, Montalvo talks about the album, staying true to his sound and

When you started making the music that became the album, were you coming at it from any particular ethos or direction — or finding the music was being influenced by what was going on in your life?

For the last year or two, I’ve been feeling like the scene has changed a lot. I feel like melodic bass had its moment, and kind of transitioned into house music; dubstep is still really strong. When that happens, it’s like a gut check. A lot artists who are into melodic music are going like, “Oh, s–t, maybe I’m not doing the right thing. Maybe I should try something else, because this might not be working anymore.”

For me, it was very much leaning into what I do and not jumping on the train or trying to modernize or chase. I’m very much leaning into what I’m known for.

Was that a decision you had to sit down and make, or was it a more natural inclination?

For me, there are years that I want to grow in the way where I’m like, ‘I’m going do things that are more mainstream and more easily digestible.” [2024 Illenium collab] “Not Even Love” Is the perfect example of that. While it does have melodic base elements, it has a very clear house vibe, with the stutter and the very poppy vocal. That’s always a conscious decision, to do something that’s more digestible and mainstream and will be played on the radio.

The new album has some of that stuff, but I’d say the meat of it is more experimental, just more Seven Lions, with things that are my influence, which is mostly metal.

With the singles you’ve released so far, are you finding that your fans are coming with you?

I have no idea. I just trust the process, that they like me to be me. If they don’t, it’s not that I don’t care, but at this point in my career, I don’t feel a lot of pressure to do things I don’t want to do.

Is that different from how you used to feel?

I think it’s always been up and down. There are times where I’m something I think is going to boost my popularity or career in a direction of success. And then there are other times where I don’t care at all, and where I’m just serving my own creativity and my own self.

Certainly within the music industry there’s this constant pressure to get bigger, and it can feel like it’s all about size. At a certain point, when you’ve done things that are so big, it’s like — can’t we just count that as a win and decide that, “Yeah, I’m good”?

I saw Halsey talking about that with her album, it just popped up on my Instagram. She was talking about how she had a super-successful album, then her next one wasn’t quite as successful, and so the record label was not cool with it. She felt like, “But it still was successful, right?” I don’t think I’m really in that era, but it’s more that this feels like a selfish time creatively for me. I’m just doing my own thing, even down to the artwork. It’s a very metal influence, but also still very Seven Lions.

So much album marketing now seems to take on a flood-the-zone approach, where there’s tons of singles and shows and social media content. Is that daunting at all?

I honestly kind of keep my head in the sand. I don’t know much about what other people do. I’ve realized the limitations of that — but I’m okay with it. I know I’m not a social media mogul, and I know where I’m at, and I think I’m in a cool spot, because I have a lot of creative freedom. I have a really cool team. We’re capable of doing a lot and providing a lot of cool art and music, so I don’t feel the pressures of what you’re talking about as much.

What are your your tricks for staying level in this career for all these years?

That’s tough. It’s gone back and forth. I’ve been more sober lately, which has actually made it a little more difficult to balance, because when I want to be home, I really want to be home. I’d say that’s probably the biggest struggle is being a homebody. I don’t want to feel like this is a job, and generally I don’t, but there are some times where it’s like, “Damn, I don’t want to leave right now.”

So what do you do?

I’m just trying to be aware of that, and maybe it’s a little cliche for a 38-year-old man to be saying stoicism, but I’ve been trying to have that mindset a bit more of being grateful and thinking, “Hey, maybe this is the last time and I should just embrace it and enjoy.”

Your new album really slaps. I turned it on and I was like, “Wow, okay!” What does it say about where you are? Do you feel like you’re going back to your roots? In what ways do you feel like you’re evolving sonically?

It’s a mix of both. “By the Light of the Moon” is like a direct back to the roots kind of thing, whereas “Cold as Snow” and “Thrice Woven” are a little more where I’d like to be, in the sense that those tracks have a lot more guitar. Bass guitar has been super fun to record. They hit that note with the metal influence in a way I really like. I never know what the future is going to be, because I very much create on a whim. Honestly, I’m fickle. I like a lot of things. So that’s where I’m at right now, but I’d say those are probably the freshest and new experimental tracks for me.

You’ve been releasing music for a long time, but your first album didn’t come out until 2022. When you could just release a bunch of singles or an EP, what felt right about this collection of music to do it in the album format?

I think it all goes back to what I was talking about with the artwork, feeling confident with the team, feeling like I was in this space of reaching out to visual artists and finding so much there. Not only do I have a team I feel confident in, and not only are we making a bunch of really cool artwork, but I’m really invested in the studio right now. I had a lot of things in my life that I kind of brushed away for the better for my own personal health, and it just felt like the right time.

What does success for the album look like to you?

Longevity, I’d say. If people dig into it and it becomes something that’s a staple, that’s success for me. Like I said, I feel like I know the limitations of being somewhat anti-social in a time of social media, and I have no ambitions of being some chart-topping artist, I just want to really service my fans and give them something they can hold on to.

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After Watching ‘Sean Combs: The Reckoning,’ Joe Budden Says Diddy ‘Didn’t Get Enough Time’ in Prison

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Joe Budden gave his thoughts on Netflix’s Sean Combs: The Reckoning during the Dec. 11 episode of The Joe Budden Podcast, and the rapper-turned-podcaster believes the disgraced Bad Boy mogul deserved an even longer prison sentence after watching the explosive docuseries executive produced by 50 Cent.

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Episode two focuses on Diddy’s alleged ties to the deaths of 2Pac, and then The Notorious B.I.G. six months later.

“I was absolutely pissed [at Diddy] by episode two because the way the doc was framing it is B.I.G. didn’t want to go to L.A. at all,” he said. “This doc did a good job of making you say right after Pac dies, ‘Why would Biggie want to go to L.A. to finish recording the album?’ That just sounds real stupid today.”

Budden continued: “Yeah, I was saying f—k him by episode two.”

Joe admitted he looks at Diddy’s history in a different light due to how well the allegations were framed against Combs throughout the four-part series.

“It did make you feel, like, at the end, he didn’t get enough time,” he said. “They showed the Shyne s—t. They showed too much s–t to where it’s, like, if you don’t believe this, or if this didn’t do it for you, or if this didn’t do it for you, it’s like certain s–t is too consistent in the story that they tell.”

When reached for comment, a spokesperson for Combs tells Billboard: “Sean is aware of the commentary surrounding recent media projects, but he will not be responding to them. He respects the legal process, is focused on his family and his future, and is choosing not to participate in speculative or entertainment-driven discussions.”

Diddy was sentenced to 50 months in prison with time served in October. It was a mixed verdict, as Combs was acquitted of heavier charges such as sex trafficking and racketeering, but was convicted of violating federal prostitution laws.

A spokesperson for Combs called the Netflix docuseries a “shameful hit piece” and filed a cease-and-desist on Dec. 1 for “ripping private footage out of context,” which Netflix denied.

Watch Joe Budden’s reaction to the docuseries below.


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Nas & DJ Premier’s ‘Light-Years’: All 15 Tracks Ranked

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Those of us old enough to be alive in 1994 when Illmatic dropped have been waiting for Nas and DJ Premier to drop a full-length project for 30-plus years, especially after the numerous classics they’ve made together following the three offerings Preemo provided on the Queens rapper’s pivotal debut.

Songs like “N.Y. State of Mind Pt. II” and “Nas Is Like” are important in both their catalogs, and only turned up the anticipation — and the expectation when it came to them linking up for something like Light-Years. Back then, it wasn’t as easy as it is today for two heavyweights to link up due to major label red tape and bureaucracy, so we’ll have to thank the current music business landscape for this project as one-producer albums have become somewhat the norm these days, especially when it comes to the underground scene.

During an interview I conducted with Premier and Roc Marciano when they were getting ready to drop their own collab album The Coldest Profession, the legendary producer said that this album was supposed to happen 20 years ago — and the stars finally aligned during Nas 50th birthday party, which resulted in the announcement record “Define My Name.”

Well, it’s finally here.

Now, is it as mind-blowing as we’d hoped for? Not necessarily. However, the project is a solid offering and includes a handful of standout tracks that scratch that itch and maybe leaves the door open for a follow up.

With all that being said, check out Billboard‘s ranking of every track of one of the more anticipated albums in rap history below.

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