The music industry has changed significantly over the past few years but no modifications can compare to the changes made in 2014. We’ve seen the uprising of iHeartRadio and it’s growing dominance over media and live concert events with its third year of the iHeart Music Festival. Apple purchased Beats By Dre for $3.2 billion, the largest purchase of the computer company’s history. We witnessed the liquidation of Island Def Jam and will miss BET’s beloved video countdown show “106 & Park.”
All of these events had an effect on the industry, but most music lovers are clueless about the identities of these hard-working masterminds that continue to make the music industry progress every year. Recently, Billboard released their Power 100 list that recognizes key players in the music business and highlighted their beneficial contributions over the past year. Amongst the CEO’s, senior A&R’s and presidents that were selected, there were ten executives that made an impact on hip-hop in particular, from getting artists placement on TV to building crowds for their major tours.
Lucian Grainge, CEO of Universal Music Group, topped the list for his leadership as he revitalized the label to fit the future changes in the music industry. Through his extensive network, he’s also in the process of finding more streams of revenue for his artists, which include Kanye West and pop sensation Lana Del Ray.
Find out which other important hip-hop industry moguls made the “Power 100” list.