Welcome to the latest Music Business Worldwide podcast supported by Voly Music.
On this 'cast, MBW founder Tim Ingham is joined by Denis Ladegaillerie, founder and CEO of Believe.
Paris-headquartered Believe is now well established as one of the largest recorded music companies in the world, both via its Believe-branded artist and label services operation, as well as its subsidiary, TuneCore, which announced the close of last year that it had paid out over USD $3 billion to independent artists to date.
Believe currently is valued at around USD $1 billion on the Paris Euronext stock exchange, having turned over around USD $450 million in revenue in the first half of 2023.
(Believe reports its revenues in Euros.)
On this podcast, MBW's Ingham asks Ladegaillerie all about a number of key topics including:
- How the music industry should deal with streaming fraud;
- Why Asia is set to commercially explode in music in the years ahead;
- What Believe’s strategy is to challenge the ‘major’ music companies; and
- Yep... Artificial Intelligence. (AI is a particularly timely subject at Believe and TuneCore, which recently partnered with Grimes to distribute music created by other artists using an AI replication of her voice.)
One other important point: Believe is no longer just a recorded music company.
Since March it has also run its own global music publishing operation, housed under TuneCore, following Believe's acquisition of the $51 million-valued Sentric Music.
