The award, which honors young professionals in live entertainment, will be presented at the Billboard Live Music Awards on Nov. 14.
"These increasingly slim volumes demonstrate our almost heroic efforts to persist in an era where advertisers find greater opportunities online," said the 58-year-old magazine's editor.
Also this week: Three Days Grace reunites with its original singer and Sum 41's Deryck Whibley accuses the band's former manager of sexual abuse.
Also this week: Believe UK's new head of A&R, a former managing director at Spotify joins Canvas Music and Ineffable Records appoints a head of synch.
As the hip-hop mogul awaits trial on federal sex trafficking and racketeering charges — plus potential civil lawsuits — Billboard takes a second look at his remaining portfolio.
Through the deal, artists will be able to value and protect their assets for future generations.
Latin increased 7% compared to the first half of 2023, led by paid streaming subscriptions.
The ABS is backed by a $5.1-billion catalog featuring songs by Genesis, Phil Collins, R.E.M., Carrie Underwood and Creed.
Called Luminate Index, the tool provides "influence scores" for artists based on five key areas, including streaming and social media footprints and public awareness.
The Toronto-based executive will work across MNRK offices in New York, Nashville, Toronto and the U.K.