What is power? At its base, it’s the ability to reshape the world around you according to your vision. And no one in the music industry did so with more verve than Jay-Z and Beyonce, the dynamic husband-and-wife duo that leads our annual Power 100 ranking. But this year's list-toppers weren't the only ones exerting a powerful influence on the music business, and popular culture at large.
Take our top five: Universal Music Group's Lucian Grange (No. 2) is the head of the largest music company in the world; Red Light Management's Coran Capshaw (No. 3) shunned the spotlight while quietly building a diversified empire; Michael Rapino (No. 4) leads Live Nation Entertainment, the most powerful live entertainment company that has ever existed; and Martin Bandier (No. 5) runs the largest music catalog, Sony/ATV Music Publishing.
The third annual Billboard Power 100 list will be unveiled Thursday night (Jan. 23) at the Emerson Theatre in Los Angeles. The event, sponsored by Citi, Guggenheim Partners, Pepsi, and American Airlines, is attracting a who's-who of influencers from across the music industry, including icon Irving Azoff (No. 7), Atlantic's Julie Greenwald (No. 22) and Big Machine's Scott Borchetta (No. 40), among others.
Honorees and guests will be treated to a performancs by "20 Feet From Stardom" co-stars Merry Clayton, Darlene Love, Judith Hill, Lisa Fisher and Tata Vega. The acclaimed documentary, which chronicles the lives of background singers, recently received an Oscar nomination for Best Documentary Feature.
Rankings for the Power 100 were determined by a combination of key factors including market share, exclusive Billboard chart data/boxscore information, and revenue. A team of 15 top Billboard editors then analyzed the value of these metrics to produce the final results.