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This week's Executive Turntable column details various hires, promotions, and executive shifts within the music industry, including a lawyer joining Nixon Peabody and new teammates at THE·TEAM.
"This extension is about scaling what works and taking New Levels to new levels.”
Seeker has announced a global distribution partnership with Virgin Music Group, alongside other music publishing news including UMPG's rebranding and Luke Stevens signing with Warner Chappell Music/Cornman Music.
Virgin Music Group, a division of Universal Music Group, has finalized its $775 million acquisition of Downtown, with Pieter van Rijn named COO.
Universal Music Group CFO Matt Ellis stated that Downtown is expected to add 15 to 20 million Euros to Virgin Music Group's revenue in the coming years, with physical distribution and publishing currently growing faster than recorded music.