Hipgnosis Song Management, the funding adviser for Hipgnosis Songs Fund, the acquisitive music rights powerhouse, faucets Ben Katovsky as president and COO.
With impact from Oct. 1, Katovsky will lead day by day operations of the enterprise and overseeing Hipgnosis’ Song Management groups, reporting to CEO Merck Mercuriadis.
Katovsky is tasked with maximizing alternatives for Hipgnosis’ substantial administered catalogs, and lead strategic initiatives such as the event of proprietary know-how and knowledge platform, a spokesperson explains.
In a parallel transfer, Ted Cockle turns into chief music officer overseeing advertising, sync and promotion, along with the enterprise’ relationships with songwriters, artists, managers and DSPs.
Cockle, the veteran Universal Music Group govt who went on to serve as Virgin EMI president, joined Hipgnosis Songs as president again in 2020.
“We’ve had an incredible four years at Hipgnosis Song Management but we are still only just beginning,” feedback Mercuriadis. “I don’t believe there is anyone better than Ben Katovsky to help us reach the goals we have set for Hipgnosis. He has all the qualities of leadership, innovation and ambition and believes in our mission of establishing Song Management as the new paradigm while at the same time using our success to advocate for songwriters. I am delighted to welcome him to the Hipgnosis family as our President & COO and look forward to a long rewarding relationship.”
Katovsky boasts nearly twenty years’ expertise within the music trade, most not too long ago in a seven 12 months stint as chief working officer at BMG.
“What Merck has built at Hipgnosis in such a short period of time is truly incredible,” he feedback. “Equally exceptional although is the ambition to construct additional on this success and the passionate want to create even larger alternatives for songwriters and artists alike.
Hipgnosis has wasted no time. In these 4 years, the enterprise muscled into the rights recreation, raised funds and launched into a unprecedented spree.
London-based Hipgnosis Songs Fund Ltd not too long ago introduced that income for its fiscal 12 months ended March 31 jumped 24.7 p.c, “partly due to the catalog acquisitions during the period.”
As of final month, Hipgnosis’ portfolio included 146 catalogs with 65,413 songs with an mixture worth of $2.69 billion.
It acquired eight catalogs within the newest fiscal 12 months, with songs from the likes of the Red Hot Chili Peppers, Christine McVie of Fleetwood Mac, Ann Wilson of Heart and Rhett Akins.
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