Former executive of EMI and Sony Music, John Reid, has launched a new music business consultancy called JM Reid Group. The company will offer strategic advice and support to music industry players including artists, managers, record labels, and publishers.
Reid, who has over 30 years of experience in the music industry, will lead the consultancy. He has held several senior positions in the industry, including President of A&R at Epic Records, Executive Vice President of A&R at RCA Records, and President of Music at MTV.
The JM Reid Group will focus on providing solutions for the challenges faced by the music industry in the digital age. This includes helping artists and labels adapt to changes in music consumption habits, navigating complex licensing and distribution deals, and developing strategies for maximizing revenue streams.
In a statement, Reid said, "The music business has undergone a seismic shift in recent years, and the pace of change is only increasing. My goal with the JM Reid Group is to help our clients navigate this rapidly evolving landscape and find success in the new music economy."
The launch of JM Reid Group comes at a time when the music industry is undergoing significant changes. The rise of streaming services has transformed the way people consume music, and artists and labels are constantly adapting to new technologies and platforms.
Reid's experience and expertise in the industry make him well-placed to offer guidance and support to those navigating these changes. The launch of the JM Reid Group is a positive development for the music industry, offering a new resource for those seeking to thrive in the digital age.
The company is far from alone in this goal, though. SoundCloud is its most direct competitor in this strategy, but....
June 01, 2023
Vinyl Records, catering to music enthusiasts who appreciate the tangible and nostalgic experience of collecting physical music.
May 23, 2023
In his new role, Ecker will be responsible for developing and growing Exceleration Music's roster of independent labels.
May 11, 2023
Times Music is a prominent player in the Indian music industry, with a vast catalog of music across various genres
April 27, 2023