John Janick, 34, has balanced running Fueled by Ramen, which he founded, and co-heading Elektra Records with Mike Caren (now president of worldwide A&R for the Warner Music Group). The common thread: artist development. And the breakthrough of this year for Fueled by Ramen was the rock band fun., via its hit single "We Are Young."
Janick, who signed the band, notes, "Everyone at Fueled by Ramen has been a fan of the guys for about 10 years. We knew [the album Some Nights] was going to be very special when they played us the demos, and it has been amazing to see all the hard work pay off. We have sold over 1.5 million album equivalents around the world."
Janick has fostered similar success at Elektra, recently nurturing the careers of acts like Bruno Mars, Ed Sheeran and Marina and the Diamonds. "Every time we break a new artist I think it is a turning point in my career," Janick says, pointing specifically to bands like Fall Out Boy and Paramore. "When each of these artists broke it made the company stronger and the process made me a better label head." Next for Janick? It's been reported ( Billboard.biz, June 13) that Janick will take a "presidential" role at Interscope Records, reporting to Jimmy Iovine.