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
Episodes
April 28, 2026 • 36 mins
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...
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April 24, 2026 • 19 mins
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 matt...
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April 21, 2026 • 37 mins
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 Toda...
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April 14, 2026 • 31 mins
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 car...
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April 14, 2026 • 31 mins
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, launc...
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April 6, 2026 • 29 mins
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...
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March 30, 2026 • 30 mins
Now that Wasserman Agency has rebrand itself to "The Team," what's next? Who will lead The Team? Who will the new owner be? What will they do with it? Elsewhere in the talent agency world, CAA has a new managing director for music touring, and UTA's longtime leader has stepped down. Who will lead the next era?
I am joined by Ben Sisario from the New York Times to unpack the talent agency business, the leadership and reputational...
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March 23, 2026 • 32 mins
As streaming growth slows, the music industry is searching for its next big opportunity. One of the leading bets? AI-powered music creation.
I'm joined by MIDiA Research’s Tati Cirisano to break down whether platforms like Suno represent a true growth engine or just another niche product.
We explore the rise of consumer creation, the limits of the “superfan” narrative, and why the future of music revenue may be more fragmented...
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March 16, 2026 • 29 mins
The Department of Justice has settled its lawsuit against Live Nation - Ticketmaster. There will be no breakup of the live entertainment company, but Live Nation has agreed to several remedies in an effort to improve the ticketing industry. But more rust that’s settled… what’s next? What will this change?
In this episode, we are joined by returning guest and NYU professor Larry Miller to break down the DOJ’s settlement with Live...
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March 9, 2026 • 27 mins
Investors have poured more money into music than ever before. Music as an asset class if hotter than ever,. But the public markets have discounted the value of music companies:
UMG stock is currently trading near its all-time low
WMG trades at a discount on its earnings relative to UMG
RSVR is going through a takeover attempt
Several publicly traded music companies have been taken off the public markets
This is a hug...
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February 26, 2026 • 35 mins
Sphere Entertainment is now profitable, Wizard of Oz was a hit, and more locations are coming. Has the business turned the corner, or are there still question marks?
In this episode, I’m joined by Tati Cirisano, MIDiA Research, to assess where Sphere Entertainment stands in 2026. We unpack the company’s narrative, scalability, residencies, challenges, and more.
CHAPTERS
01:34 Is It Really Profitable?
10:01 The Concert Resi...
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February 20, 2026 • 42 mins
In music right now, the winners aren’t just the artists with the biggest audiences, they’re the teams that control the infrastructure.
First, I sit down with Mag Rodriguez, CEO and co-founder of EVEN, to break down how Even became a key part of J. Cole’s The Fall Off rollout, from exclusive drops and direct-to-fan sales to tour presales and fan community features designed to keep people coming back.
Then, I’m joined by Lior Tibon...
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February 11, 2026 • 26 mins
For the past 20 years, subscription streaming has produced an outcome that still gets overlooked. The category winners weren’t the big tech giants or the major studios. In music, Spotify became the default. In premium video, Netflix did the same.
In this episode, we break down how pure-play focus, faster decision-making, and a single retention-driven scoreboard create compounding advantages that big tech’s money and bundling can’t...
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February 4, 2026 • 38 mins
We just came back from the 68th Grammy Awards. I am joined by Tati Cirisano of MIDiA Research break down what it’s actually like to the experience the Grammys up close from industry events and late-night conversations to crossing paths with artists, executives, and power players shaping the music business. We unpack standout performances, unexpected moments, and how attending the show in person is different from watching at home.
...
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January 23, 2026 • 18 mins
YouTube is the biggest TV, music, and video platform in the world, but it’s not satisfied. The company still wants to compete for the dollars that go to traditional TV. But can YouTube have it all?
In this episode, we examine YouTube’s push into the living room, from securing the NFL Sunday Ticket to becoming the exclusive home of the Oscars starting in 2029. But as YouTube chases TV legitimacy and higher profit margins, it faces ...
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January 15, 2026 • 22 mins
Meta’s short-form video surface, Reels, now generates $50 billion in annual run rate. That’s more than some of the largest media companies like Netflix, TikTok, and YouTube’s ad business.
Reels may be less culturally relevant than those companies, and its users spend less time on the platform than others, but it prints money and shows no signs of slowing down.
This episode explores how Meta’s infrastructure made Reels one of the ...
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December 23, 2025 • 35 mins
In this episode, we sit down with Will Page, economist and author of Pivot, for a deep dive on the global economics of music. Using Will’s latest Global Value of Music Copyright Report, we explore streaming economics, global market gaps, AI, and where the music industry’s next phase of growth may come from.
CHAPTERS
02:45 Global Value of Music: 10 Years in Review
11:24 Emerging Music Markets
13:37 Africa’s Music Economy
18:1...
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December 12, 2025 • 25 mins
Prediction markets like Polymarket and Kalshi have had a big year in 2025, but what are they really? Securities? Derivatives? Sportsbooks? They may be all of the above.
Listen to my breakdown on how these markets have evolved over time, and what led to their current rise today. We then dive into the opportunities, risks, and the regulatory challenges that may shape their future.
CHAPTERS
02:54 The Origin of Prediction Market...
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December 5, 2025 • 51 mins
People say they miss when MTV played music videos, but their viewing habits say otherwise!
We revisited one of our most popular episodes from 2023, but trimmed it down to include the best parts. I’m joined by Zack O’Malley Greenburg to unpack MTV’s rise from a scrappy video platform to a cultural powerhouse. We break down breakthrough moments like Michael Jackson’s “Billie Jean”, the rise of reality TV, the networks influence, ris...
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