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    Business

    Trapital

    Trapital is where technology meets culture. Hear breakdowns on the most important trends in tech, media, and entertainment. Trapital founder Dan Runcie and various guests break down the moves that shape the rest of society. Learn more

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    Latest Episodes:
    Why Everything Feels the Same Now May 28, 2026
    Show notes

    Was there ever truly a "monoculture”? Or have we been telling ourselves a comforting story about past shared experience? We sit down with Tatiana Cirisano, VP of Music Strategy, MIDiA Research to unpack how we got from finale watch parties to infinite algorithmic feeds.

    If culture is so fragmented, why does everything online look, sound, and feel the same? We did more into the great cultural collapse, and whether live events are the last water-cooler moments standing.


    CHAPTERS

    04:11 Was Culture More Fragmented Than We Remember 05:42 Consumption vs. Consciousness 10:35 Stages, Porches, and Living Rooms 15:44 Internet Culture Sameness 20:39 Algorithms as Gatekeepers 29:03 Live Events and Differentiation


    SPONSORS

    Trapital Summit Tickets Chartmetric: Listen in for our Stat of the Week Symphonic: Distribute your music to one of the largest networks in the industry. Symphonic delivers your music to over 200 digital service providers ensuring that you’re monetizing every stream and use of your music on Spotify, TikTok, YouTube, and more


    TRAPITAL

    Where technology shapes culture. New episodes and memos every week. Sign up here for free.


    K-Pop's Paradox: Why BTS Fans Aren’t K-Pop Fans May 19, 2026
    Show notes


    K-Pop is in a unique situation. The genre “feels” like it’s everywhere. BTS, Blackpink, Stray Kids, and KPop **Demon Hunters have topped Billboard and Netflix charts. But recent data shows that roughly 2% of global streams are from K-Pop, and the genre is and trending down.

    We are joined by Will Page, former Chief Economist at Spotify and author of Pivot. He released a new report on Music Business Worldwide in collaboration with Jeongbeom ‘JB’ Kim, Chief Data Officer at the Korean-based KreatorsNetwork.

    We discussed how K-Pop’s demand is centralized at the top, why even a phenomenon like KPop Demon Hunters didn't lift the rest of the genre, and what Western labels keep getting wrong when they try to copy the model. We dive deep into Korea's "export or die" culture, and what other sports may teach music about reaching new audiences.


    CHAPTERS


    04:47 The Status of K-Pop 08:28 The Impact of BTS' Hiatus 17:02 The Limitations of Superfan Monetization 24:38 "Export or Die" Model 29:44 Inflation's Impact on Music 31:28 Lessons from Formula 1



    SPONSORS

    Chartmetric: Listen in for our Stat of the Week Symphonic: Distribute your music to one of the largest networks in the industry. Symphonic delivers your music to over 200 digital service providers ensuring that you’re monetizing every stream and use of your music on Spotify, TikTok, YouTube, and more


    TRAPITAL

    Where technology shapes culture. New episodes and memos every week. Sign up here for free.



    Arena Tours: The Truth Behind “Blue Dot Fever” May 12, 2026
    Show notes

    "Blue dot fever" is the new phrase floating around for artists whose tours have seat maps full of unsold blue dots for concerts, especially in arenas and stadiums. It’s said to be a precursor to a cancelled tours. The term is catchy, it captures headlines, but is the “problem” a bit exaggerated?

    With blue dot fever now part of the discourse, we dive deep into the latest in the business, how agents anticipate demand, and what usually leads to a successful or unsuccessful tour.


    CHAPTERS

    03:27 What is Blue Dot Fever? 08:07 Ticket Costs and Pricing 13:06 The Leap to Arena Tours 18:17 Tour Packaging and Residencies 20:35 VIP & Ancillary Revenue


    SPONSORS

    Chartmetric: Listen in for our Stat of the Week Symphonic: Distribute your music to one of the largest networks in the industry. Symphonic delivers your music to over 200 digital service providers ensuring that you’re monetizing every stream and use of your music on Spotify, TikTok, YouTube, and more


    TRAPITAL

    Where technology shapes culture. New episodes and memos every week. Sign up here for free.



    Music Catalogs: Is There Ever A Good Time to Sell? May 05, 2026
    Show notes

    The multiples for music rights and catalog sales continue to rise, despite high interest rates. Selling can look rational in the moment but great music keeps finding new formats, new buyers, and new value. But it's hard to look at sales are pure financial decisions. As most investors know, there are countless factors that can go into a sale.

    We are joined by Josh Gruss, founder of Round Hill Music. We dive deep into the deals that he's worked on that blew past expectations (The Offspring, Goo Goo Dolls), the ones that got away, and Round Hill's public and private journey over the past decade and a half.


    CHAPTERS


    01:54 Deal cycles in music rights 06:05 The Wind-up Records miss 12:45 The Offspring breakthrough

    15:49 Goo Goo Dolls and "Iris" 24:02 Round Hill going public, then selling to Concord


    SPONSORS

    Trapital Summit Tickets Early bird tickets are available until July 15. Capacity is limited.

    AI on the Lot The largest AI media conference bringing together artists, innovators, filmmakers, media execs, startups, creators, and developers. Chartmetric: Listen in for our Stat of the Week


    TRAPITAL

    Where technology shapes culture. New episodes and memos every week. Sign up here for free.



    Troy Carter on Why Suno Changes Everything Apr 28, 2026
    Show notes

    I sat down with Troy Carter during SXSW in Austin. We talked about Suno role in music, where record labels stand today, artist management, catalog sales, estates, we covered it all!

    The conversation was hosted by Chaka Mahone at his company, DAWA, 4-day event titled Vision 8291, in collaboration with Venice Music, where Troy is the co-founder and CEO.

    CHAPTERS


    03:30 Stayed Ahead of AI News

    08:37 Why Suno Matters

    14:38 AI and Fair Use

    24:25 Art vs. Content

    29:43 Investing in Music Rights

    31:26 Prince and Michael Jackson estates


    SPONSORS

    Chartmetric: Listen in for our Stat of the Week

    TRAPITAL

    Where technology shapes culture. New episodes and memos every week. Sign up here for free.


    Artists and AI: Offense, Defense, and the Future of Music Apr 24, 2026
    Show notes

    Is “Artists vs. AI” the wrong way to think about music’s future?

    At HumanX, I hosted a conversation with Splice CEO Kakul Srivastava and Universal Music Group’s Michael Nash on how AI can become a creative force multiplier for artists, not a replacement.

    We discussed why music’s supply problem existed long before generative AI, how artists are using new tools to reduce production friction, and why authentic connection still matters more than infinite output.

    The conversation also breaks down Splice and UMG’s partnership to build AI-powered music creation tools with artist control, copyright respect, and more.


    CHAPTERS


    01:24 Artists vs. AI

    04:27 Splice Tools

    06:14 UMG x Splice

    08:04 Ethical AI

    12:42 Artist Control

    14:31 Better Music

    17:07 Five-Year Vision



    TRAPITAL

    Where technology shapes culture. New episodes and memos every week. Sign up here for free.



    SoundCloud’s Big Bet for the AI Era Apr 21, 2026
    Show notes

    SoundCloud is at a turning point, and CEO Eliah Seton takes us inside the strategy shaping its future.

    In this conversation, we break down how SoundCloud evolved into a two-sided marketplace for artists and fans, why it moved on from potential sales, how it's embracing AI, and doubling down on the moves that work best for both creators and fans.


    CHAPTERS

    03:34 Update on a Potential Sale

    08:23 How SoundCloud is Structured Today

    21:20 AI Principles

    33:23 Financial Health and Profitability



    SPONSORS

    Chartmetric: Listen in for our Stat of the Week Symphonic: Distribute your music to one of the largest networks in the industry. Symphonic delivers your music to over 200 digital service providers ensuring that you’re monetizing every stream and use of your music on Spotify, TikTok, YouTube, and more


    TRAPITAL

    Where technology shapes culture. New episodes and memos every week. Sign up here for free.



    Clive Davis Part 2: Reviving Careers, Industry Power, and Leaving a Legacy Apr 14, 2026
    Show notes

    In part two, you'll hear Clive Davis reflect on strategic decisions made when running a record label and career revivals he helped shape that defined another chapter of his run.


    He discusses the balance of control and economics in label joint ventures, why hitmakers are not always great talent scouts, and how LaFace became a powerful force through artists like Toni Braxton, TLC, and Pink. Davis also shares how he revived the careers of timeless artists, including Dionne Warwick, Aretha Franklin, Rod Stewart, Santana, and Luther Vandross. It’s a conversation about instinct, patience, and the discipline it takes to build lasting success in the music business.


    CHAPTERS

    02:51 LaFace, Label Deals, and Joint Ventures

    09:42 TLC, Toni Braxton, and P!nk

    12:37 The Cost of Breaking Artists

    17:05 Aretha, Rod Stewart, and Santana

    21:14 Catalog vs. Career Revival

    25:30 Follow-up Call


    SPONSORS

    Chartmetric: Listen in for our Stat of the Week Symphonic: Distribute your music to one of the largest networks in the industry. Symphonic delivers your music to over 200 digital service providers ensuring that you’re monetizing every stream and use of your music on Spotify, TikTok, YouTube, and more



    TRAPITAL

    Where technology shapes culture. New episodes and memos every week. Sign up here for free.



    Clive Davis Part 1: Whitney Houston, Resilience, and The World's Greatest Party Apr 14, 2026
    Show notes

    I sat down with the legendary record executive Clive Davis. We looked back on the career-defining moments that made him one of the most influential figures in music.


    He shares memories from the Beverly Hills Hotel, where we recorded the conversation. We also discussed the evolution of his famed pre-Grammy gala, and the philosophy behind honoring artists in the room. Davis also revisits being pushed out at Columbia, Arista, launching J Records, and the story behind Whitney Houston recording “Why Does It Hurt So Bad.” It’s a conversation about instinct, reinvention, and what it takes to keep going at the highest levels in business.


    CHAPTERS


    04:21 Clive Davis' Pre-Grammy Gala

    11:30 Lessons Learned at Columbia

    15:38 From Arista to J Records

    23:41 When Whitney Houston and Clive Disagreed


    SPONSORS

    Chartmetric: Listen in for our Stat of the Week

    Symphonic: Distribute your music to one of the largest networks in the industry. Symphonic delivers your music to over 200 digital service providers ensuring that you’re monetizing every stream and use of your music on Spotify, TikTok, YouTube, and more


    TRAPITAL

    Where technology shapes culture. New episodes and memos every week. Sign up here for free.



    Coachella’s Dilemma: Stadium Money vs. Festival Money Apr 06, 2026
    Show notes

    Coachella sold out in five days after announcing Justin Bieber as headliner. That's the good news. The bad news? It tells you how hard it's become to book a headline act who can actually move 250,000 tickets for the one of most premiere music festivals in the world.
    Dave Brooks, a music correspondent at Puck and host of the Decibel and Docket podcast, joins the show to break down the business of festival season 2026. We get into why the biggest artists no longer need Coachella, which festivals are actually profitable, and what's ahead for live music.
    CHAPTERS
    07:46 The Bieber Effect
    08:02 Stadium Money
    11:50 Why Stagecoach is Different
    21:13 Lollapalooza
    23:43 Chris Brown and Kanye West
    SPONSORS
    All People Powered is a live concert and pitch competition on Saturday, April 11 where three Bay Area founders pitch on stage for $30,000 in real funding. Get your ticket here.
    Symphonic: Distribute your music to one of the largest networks in the industry. Symphonic delivers your music to over 200 digital service providers ensuring that you’re monetizing every stream and use of your , TikTok, YouTube, and more


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