Latest news with #SKP
Forbes
21-05-2025
- Entertainment
- Forbes
Hacking The Music Industry With Tech, Independence And A DIY Ethos
Nick Hexum stands at the intersection of music and innovation, blending decades of creative ... More evolution with a bold new vision for artist empowerment in the digital age. Some people talk about disrupting the system. Nick Hexum and 311 are actually doing it. 311 recently came through Houston on tour and played at the 713 Music Hall. I had the privilege of showing up a few hours before the band took the stage to sit down with the band's founder and lead singer Nick Hexum. We spent an hour or so talking about a wide range of topics. I was impressed with Hexum but left the interview feeling a little inadequate. Hexum and I are the same age (I have him beat by just a few months), but he has accomplished much more than I in his time on this planet. As the frontman of 311, Hexum has spent over three decades pushing musical boundaries—from funk-rock and reggae-punk hybrids to chill ballads that defy easy labels. But it's not just the band's sound that's evolved. Hexum is also challenging the music industry's outdated business models by using technology and taking a more independent approach. Today, Hexum isn't just continuing to make his own music—he's helping other artists do the same. With his new startup label platform called SKP, he's giving musicians an alternative to traditional record deals. SKP provides digital distribution, promotional support and a way to stay independent—all without demanding ownership of an artist's music. Hexum and I talked about the sometimes contentious relationship between artists and labels, and the traditional revenue model. This fresh model flips the typical record label arrangement upside down. 'Now, with this label platform we're doing, we've been able to flip that in the opposite where the distributor and label services platform would take 12% and give the artist 88%,' Hexum told me. 'Completely flipping it.' It's a response to decades of experience where artists signed away their rights for small royalty checks, often without clear accounting or control. Now, Hexum wants to put power back in the hands of creators. Hexum's journey has adapted over the years with the evolution of technology. He started on a four-track cassette recorder, moved to eight-track tape and later recorded in iconic LA studios. But now? He writes and records from a laptop with a MIDI controller and a pair of headphones—often while flying. 'That has been super helpful—the convenience that the new technology can give you,' he said. This shift has given Hexum more freedom to create, no matter where he is. And more importantly, it's given artists everywhere the chance to make professional music without needing expensive gear or studio time. Hexum uses Apple Music to stream lossless-quality tracks and manage demos. He values the convenience—but he hasn't given up on physical music either. He and his band still release music on vinyl, recognizing how fans appreciate something they can see, hold and collect. Instead of focusing only on one-off singles, Hexum prefers releasing four-song EPs. These smaller collections give fans a more complete experience, including both catchy singles and deeper tracks that show a broader range of creativity. Hexum is also watching blockchain closely. He believes it can solve long-standing issues in music—like delayed royalty payments and ticket scalping. Through SKP, his team is developing 'clever contracts'—a simpler alternative to Ethereum smart contracts. These digital agreements allow for automatic, transparent payments to artists without middlemen taking a cut. He also sees potential for blockchain to reduce scalping by tying tickets to verified identities, making resale more controlled and fair for fans. While some bands only tour with a new album to promote, 311 has toured every summer—no matter what. That consistency, Hexum said, helped them stay strong even when CD sales collapsed and streaming changed everything. Their audience now includes both longtime fans and a younger crowd discovering songs like 'Amber' and 'Champagne.' Hexum said the band's mix of rock, reggae, hip hop and pop has helped them stay relevant across decades. 'We keep finding new eclectic ingredients to try sticking together and see how they fit,' he said. Hexum wants artists to think like owners, not employees. That mindset shift is key to building careers that last. When pop artist Chapel Roan recently said record labels should offer healthcare, Hexum saw it differently. 'Why would you want to be an employee when you can be an owner?' Rather than rely on labels for support, Hexum believes in helping artists build their own businesses. His approach combines fair compensation, creative freedom and a model that rewards long-term thinking over short-term fame. For decades, going platinum was the goal. But in today's music world, the dream has changed. Artists want control over their music, their money and their message. And thanks to technology, they don't need a major label to make it happen. Technology empowers freedom for artists. Today, the smartest move an artist can make is owning the path they're on.
Business of Fashion
01-05-2025
- Business
- Business of Fashion
Fine Fragrance Brand Amouage's Sales Lift 48%
On Thursday, Amouage, the luxury perfume line based in Oman, reported a 48 percent increase in sales in its first quarter, reaching $100 million in retail sales. Growth was led by its 17 owned boutiques, which lifted 75 percent, while e-commerce and travel retail increased 52 and 49 percent respectively. Known for its premium perfumes like the best-selling Guidance range, starting at $395, the brand takes inspiration from its Omani roots. In April it opened a pop-up cafe to celebrate both Ramdan, Eid Al-Fitr and the rose harvest — a key ingredient in many perfumes — in Jabal Akhdar, Oman. It also staged a showcase at Milan Design Week in April highlighting frankincense from Wadi Dawkah, which is known as the 'land of frankincense' and dates back to ancient and medieval times. According to chief executive Marco Parsiegla, around a third of its sales now come from its Exceptional Extracts range, from $520, which have a high concentration of fragrance oil and are aged in wooden barrels, some for more as much as six months to provide a more distinctive fragrance. Renaud Salmon, the brand's chief creative officer, said customers were especially attracted to how unique and rarefied the scents were, with the ageing process adding a sense of delayed gratification. Parsiegla said overall, demand for its higher-concentration products which are said to last longer on the skin, are especially high, and that more than 80 percent of its clientele is under 45. Amouage noted particular dynamism in the US, where sales increased 41 percent, and became a top ten fragrance brand in the department store Neiman Marcus this year, whilst also climbing the rankings in SKP in China and Harvey Nichols in Saudi Arabia. Amouage makes all of its fragrances in-house; Parsiegla said while a 10 percent tariff in the U.S would likely affect them, they conduct annual pricing reviews and are not currently adjusting pricing for that market. 'It's more important to do a global pricing review…than basically making very short ad hoc adjustments for that specific market,' he said. In February, L'Oréal announced it had taken a minority stake in the firm. Parsiegla said the investment would support the brand as it continues to add new scents to its Decision and Existence franchises, hires more staff, and open more new boutiques in new markets like Europe. Sign up to The Business of Beauty newsletter, your complimentary, must-read source for the day's most important beauty and wellness news and analysis. Learn more: Indie Fragrance Brands' Big Athlete Opportunity Athletes are increasingly getting into fine fragrances, but so far indie fragrance brands haven't returned the favour. That may change as they realise sports stars offer access to a burgeoning new consumer market for scents: young men.
