Denis Ladegaillerie on AI, streaming royalty models, Believe's game plan... and more
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.Music Business Worldwide's Podcasts are supported by Voly Entertainment (previously known as Voly Music).