Legal and Management

5 Seconds of Summer's New Management Talk 'Transitional Period' After Interscope Exit

5 Seconds of Summer
Andy Deluca

5 Seconds of Summer

"The key is to respect the fans and recognize they're people like us who love music," says Joel Mark of YM&U Group, who now manages the band with Peter Katsis.

5 Seconds of Summer is no longer signed to Interscope and is working with new management, Billboard has learned.

The Australian quartet is now represented by YM&U Group managers Joel Mark and Peter Katsis, having recently departed Modest Management. YM&U's other clients include Blink-182, Jane's Addiction, Morrissey, Steve Aoki, 3LAU, RAC, Common, Bush and Liz Phair.

Modest Management's roster includes One Direction, Niall Horan and Little Mix, among others.

On Thursday (March 11), 5 Seconds of Summer became one of the first musical acts to test out Twitter's new audio-chat function Spaces with big enough demand from fans that they broke the service and had to move to Instagram Live to carry on the conversation. During the chat, they announced plans for a new album.

"They basically broke Twitter," jokes Katsis. Speaking to the band's passionate fandom, he says it offers "more opportunity to be creative, try new things and find ways to impact the industry."

"The key is to respect the fans and recognize they're people like us who love music," adds Mark.

The band's new album doesn't have a label signed on yet, but the managers say there's already early interest and calls this "one of those transitional periods" for the group. In the meantime, says Katsis, "We're structuring touring for next year to coincide with their record."

Interscope declined to comment at time of publication, but 5 Seconds of Summer was pulled from the label's website sometime between December and early February, according to the Internet Archive's Wayback Machine. The band only released one album with the label, 2020's Calm, which peaked at No. 2 on the Billboard 200 chart with 572,000 units to date (180,000 album sales).

Prior to signing with Interscope, 5 Seconds of Summer released three full-length studio albums on Capitol Records (both labels are owned by Universal Music Group), all of which topped the Billboard 200. The band's self-titled 2014 debut spent 66 weeks on the chart, with 1.68 million units (792,000 album sales); Sounds Good Feels Good in 2015 spent 14 weeks on the chart, moving 747,000 units (410,000 album sales); and Youngblood in 2018, led by the band's top performing single to date of the same name, spent 64 weeks on the chart with 1.23 million units (228,000 album sales).

After initially being positioned as a pop-punk quartet for a post-Warped Tour generation, the group’s sound grew toward synth-pop and alternative rock over the past four years. “Youngblood” rode a modern twist on new wave into the top 10 of the Hot 100 chart in 2018, while Calm made forays into industrial music and psychedelica.

In the band's career, 5 Seconds of Summer has earned 5.1 million total equivalent album units -- 2.2 million of which was in album sales -- with 3.7 billion on-demand streams of its catalog of songs. It has 14 entries on the Hot 100, including "Youngblood," which peaked at No. 7 in 2018 and topped the Pop Airplay chart for five weeks that year.

Jason Lipshutz contributed to this report. 

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