No. 57: Jeffrey Harleston & Michael Nash | Power 100

57

JEFFREY HARLESTON, 56

Executive vp business and legal affairs/general counsel, Universal Music Group

MICHAEL NASH, 60

Executive vp digital strategy, UMG

Last Year's Rank: 61

2017 HIGHLIGHTS: In addition to renewing with Spotify and YouTube, Harleston, Nash and their respective teams negotiated deals with Facebook and Tencent that will expand the overall music marketplace as well as UMG’s share of it.

SUSTAINABILITY ISN’T JUST FOR THE ENVIRONMENT: In 2017, UMG’s recorded-music streaming revenue totaled $1.6 billion, up 40 percent from the $1.1 billion generated during the same period in 2016. “We significantly grew the business in 2017, and we think we made it a lot more sustainable and dynamic through those deals,” says Nash, referring to UMG’s licensing deal with Facebook, which should enable the social media platform to become more competitive with YouTube. Harleston notes that the digital deals “give more flexibility” to how UMG’s artists and its labels’ music are presented on the digital services.

BUCKET-LIST TRAVEL DESTINATION: (Harleston) "Cape Verde. My mother’s family is from there."

Billboard Power 100 2018