No. 45: Randy Grimmett & John Josephson | Power 100
RANDY GRIMMETT, 50
Partner/CEO, Global Music Rights
JOHN JOSEPHSON, 57
$1 MILLION FOR DIVERSITY: In 2018, SESAC had Lauren Daigle, the first artist to simultaneously top Billboard's five main Christian charts; Erika Ender, the co-writer of global juggernaut "Despacito"; and Mariah Carey, Spotify's one-day record-holder with 10.8 million plays for "All I Want for Christmas Is You." "Three female affiliates who experienced standout success is significant," says Josephson, who in June unveiled the $1 million SESAC Scores: The Beck Diversity Project designed "to mentor along gender and ethnic lines to broaden creative perspective." As Global Music Rights enters its sixth year, the Irving Azoff-founded company has 37 full-time employees servicing 80-plus writers, including renewed deals with Steve Miller, Lindsey Buckingham and the John Lennon estate, while adding Prince Royce and Travis Scott. Grimmett, who declines to reveal revenue, says the performance rights organization's business "has grown exponentially in the last three years"; Billboard estimates the PRO has about $75 million in annual revenue.