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Broken Record with Rick Rubin, Malcolm Gladwell, Bruce Headlam and Justin Richmond

Business of Art: The Entrepreneurial Mindset & Music

Broken Record with Rick Rubin, Malcolm Gladwell, Bruce Headlam and Justin Richmond

Pushkin Industries

Music, Society & Culture

4.54.2K Ratings

🗓️ 3 April 2025

⏱️ 14 minutes

🧾️ Download transcript

Summary

Join Justin Richmond and Ben Walter, CEO of Chase For Business, for a special conversation about finding success in the music industry through non-traditional means. Ben shares his insights on balancing risk while scaling a business, as they talk about how the indie label XL Recordings built a sustainable business model by making unorthodox business decisions. He also shares how artists often have an edge in creating original business ideas like when music titans Dr. Dre and Jimmy Iovine built Beats by Dre and later sold it to Apple Music for $3 billion. 

This episode was made in partnership with Chase for Business. Listen and subscribe to Ben Walter's podcast The Unshakeables here

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Pushkin. This is Justin Richmond here with a bonus episode of Broken Record. It's a little bit of a

0:14.4

different episode than we typically air, but I think it's one that the musicians that listen to the show will be excited to learn from.

0:24.4

This is one where it's like, you know, you'll get some joy out of this too, I imagine, but also put on your thinking cap and think about how some of this relates to you and how you can use some of this.

0:32.9

It's a conversation about finding success in the music industry through non-traditional means.

0:39.8

You know, it's about artists and independent labels who found ways to forge their own

0:44.4

paths to success outside of massive record sales, big ticket tours, thinking the Taylor Swift's

0:50.0

here, of course, right? And how you can innovate within the music industry, giving indie artists a way

0:55.9

to thrive. This episode is sponsored by Chase for Business, and I'm joined by Ben Walter, who is the

1:02.5

CEO of Chase for Business and the host of his own brilliant podcast, The Unshakeables. Ben,

1:08.0

thanks for joining us for this episode. Justin, thanks for having me.

1:11.6

I love all things music, so this is an exciting moment for me.

1:14.6

I'm really glad to be with you.

1:16.6

Good, man.

1:17.6

This is like a really, you know, as media continues to evolve, this is something that I think is front of mind for everybody.

1:24.6

And in this creative spaces, like like a broken record we don't often

1:28.5

have these kinds of conversations about business and I think they can be really

1:33.0

insightful for for creatives and for artists and musicians so so thank you I hope so

1:39.6

so for those reasons I'm happy to have you on to talk about this you know I think

1:43.4

most people think about the artists they love you know know, we just had like a Will Smith on, right? You know, even a Billy Corgan on, right? They're more often than not a part of a larger system, like a major label, a major label group, Universal Music or Sony. But when you learn more about the industry and smaller artists, you realize there's

2:01.5

a lot of other ways to make money and be successful in the industry, to make money on what

2:07.2

you're doing and provide a living for yourself. People always think about the art of business,

2:11.8

right? But we don't spend as much time, I think, thinking about the business of art, you know?

...

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