• 9 months ago
The Grammys take place tonight in Los Angeles. The nonprofit that puts on the awards show, the Recording Academy, had a controversial 2019, but it still averaged annual revenue of $82 million over the last three years.

Read the full story on Forbes: https://www.forbes.com/sites/jabariyoung/2024/01/31/grammys-ceo-harvey-mason-jr-going-all--in-to-repair-awards-show/?sh=35aa35604816

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Category

🎵
Music
Transcript
00:00 Here's your Forbes Daily Briefing for Sunday, February 4th.
00:05 Today on Forbes, Grammy CEO Harvey Mason Jr. going all in to repair awards show.
00:12 Harvey Mason Jr., the CEO of the Recording Academy, the organization that puts on the annual Grammy Awards,
00:19 frequently uses the saying, "The way you do anything is the way you do everything."
00:25 Mason says it means to give maximum effort at all times.
00:30 The 66th annual Grammy Awards show will take place this evening in Los Angeles.
00:35 And Mason, who is 55 years old, is all in on repairing the integrity of the show
00:41 after controversy struck the Recording Academy in 2019.
00:45 There were allegations of wrongdoing, including sexual harassment and a C-suite restructuring
00:50 that ended in a financial settlement to former CEO Deborah Dugan.
00:54 The Academy also faced backlash after notable stars like Kendrick Lamar declined invitations to attend the Grammys,
01:01 and winner's speeches, including Drake's, were cut short.
01:04 As for what to expect when you tune in to watch tonight on CBS, Mason says,
01:09 "It's going to be a big show. You're going to see a lot of different types of music, which is what I love about our show.
01:15 It's not just exclusively one genre. You're going to see a lot of different looks, a lot of different faces,
01:21 ages, genders, races, and great music and great performances."
01:26 In May 2021, Mason was named Recording Academy CEO, becoming the first Black person to hold the role.
01:33 Mason tells Forbes that the nonprofit has revamped itself, eliminating its secret voting and expanding membership.
01:40 The Academy has 11,000 voting members, of whom 19% identify as Black.
01:45 Mason says, "We're a very different organization than we were four or five years ago.
01:50 I hope we're starting to build that relevance back."
01:53 A Boston native, Mason moved to Los Angeles as a child and was closely tied to music at an early age.
02:00 His father, Harvey Mason Sr., was a drummer for the jazz band 4Play, led by accomplished pianist Bob James.
02:07 Mimicking his dad, the young Harvey practiced writing songs at the family piano,
02:12 and received his first taste of production credit when a tune he created, "Love Makes It Better,"
02:17 was used by the late saxophonist Grover Washington Jr. and appeared on his 1976 album, "A Secret Place."
02:24 After graduating from Crescenta Valley High School, Mason played basketball at the University of Arizona under coach Lute Olson.
02:31 One of his teammates was Golden State Warriors coach Steve Kerr.
02:34 After college, Mason caught a gigantic break in the late 1990s by producing a song for R&B star Brandy.
02:41 Mason also worked with icons Aretha Franklin and Whitney Houston, and spent 18 months with the King of Pop, Michael Jackson.
02:48 Mason says of the music legends, "They don't settle, they don't compromise. Michael absolutely did that.
02:55 He thought, 'Okay, you've done your best, now erase all that, start over, and do your best, plus 10.'"
03:02 The Recording Academy brought in $89.3 million in 2022 and $73 million the year prior.
03:10 In 2020, the Academy's total revenue was more than $85 million.
03:15 Most of the money comes from Paramount Global, which owns CBS and pays more than $20 million annually in fees to air the Grammys.
03:23 CBS has broadcast the awards show for over 50 years.
03:27 Over the last decade, the Grammys grew accustomed to luring between 20 million and 30 million people annually, but viewership has dipped since 2019.
03:37 Last year, the Grammys averaged 12.4 million viewers, up from just 8.9 million in 2022 and 8.8 million viewers the year prior.
03:46 In 2020, the Grammys averaged 18.7 million, but that was still down from the roughly 20 million people that watched in 2019.
03:54 Despite the dip in viewership, CBS makes nearly $100 million in advertising revenue from the Grammys, the second-most-watched awards show behind the Oscars.
04:03 This year, however, Mason signaled there would be tweaks. He says, quote,
04:08 For full coverage and to watch our sit-down video interview with Mason, check out Jabari Young's piece on Forbes.com.
04:31 This is Kieran Meadows from Forbes. Thanks for tuning in.
04:35 .
04:42 .

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