/PRNewswire/ Today, Interscope Geffen A&M and Yo Gotti s CMG record label announced a partnership where both organizations will collaborate to continue.
Olivia Rodrigo samples Taylor Swift s New Year s Day on her track 1 Step Forward, 3 Steps Back.
The 18-year-old pop megastar has released her debut studio album, Sour, and after much speculation, it turned out Olivia used an interpolation of the track from Taylor s 2017 LP Reputation on the song from the hotly-awaited record.
As Jack Antonoff co-wrote and co-produced the track with the Shake It Of hitmaker, he also received a credit on 1 Step Forward.
Influence: Olivia Rodrigo samples Taylor Swift s New Year s Day on her track 1 Step Forward, 3 Steps Back. The 18-year-old pop megastar has released her debut studio album, Sour, and after much speculation, it turned out Olivia used an interpolation of the track from Taylor s 2017 LP Reputation on the song from the hotly-awaited record
Lucian Grainge; executive vp
Frank Briegmann; executive vp and general counsel
Jeffrey Harleston; executive vp and chief people and inclusion officer
Eric Hutcherson; United Kingdom and Ireland chairman/CEO
David Joseph; executive vp marketing
Andrew Kronfeld; executive vp/CFO
Boyd Muir; executive vp digital strategy
Michael Nash; executive vp/chief administrative officer
Will Tanous; and Universal Music Publishing Group (UMPG) chairman/CEO
Jody Gerson.
The financial data drop, which Vivendi likely released in preparation for UMG’s expected to become publicly traded in late-September, does not specify how that $128.4 million was divvied up among the 11 executives. Were it distributed equally (it’s not), it would amount to an $11.7 million 2020 payday for each executive not enough to buy happiness, perhaps, but sufficient to purchase a yacht that would float pretty close.
Inside Track: UMG’s Executive Pay; Clive Davis Interviews Joni Mitchell Billboard 5/14/2021
UMG Executive Committee’s Big Payday
Universal Music Group’s 11-person executive committee was paid a total of $128.4 million in short-term employee benefits most likely salaries and bonuses – in 2020, according to financial information released by the music group’s parent company Vivendi.
When post-employee benefits and share-based payouts are added, that total jumps to $132 million almost double the $62.2 million paid to the executive team in 2018.
According to the UMG website, the executive team consists of UMG chairman/CEO
Lucian Grainge; executive vp
Frank Briegmann; executive vp and general counsel
Kacey Musgraves New Album Is Set For Release Later This Year iheart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iheart.com Daily Mail and Mail on Sunday newspapers.