STEVE SMITH, 62
Chairman, Concord Bicycle Music
Last Year's Rank: 80
With 18 Grammy nominations and a growing marketing share -- 2.3 percent, up from 0.9 percent in 2015 -- Pascucci and Smith have demonstrated that an indie-label conglomerate can operate with the commercial heft of a major. Pascucci cites the international success of Paul Simon's Stranger to Stranger LP and the debut album from Nathaniel Rateliff & The Night Sweats, which is close to going gold, as highlights of 2016 as well as the licensing of the R.E.M. and Traveling Wilburys catalogs. Says Smith: "We're not trying to out-Interscope Interscope, but there's a massive audience passionate in genres where we can lead."