Platt is anticipated to switch his former boss, Martin Bandier, at Sony/ATV Music Publishing as chairman and CEO.
Little greater than per week after Warner/Chappell chairman/CEO Jon Platt introduced his departure, the seek for a substitute is underway with quite a few executives already contacted, in keeping with a number of sources.
Platt announced his exit from the Los Angeles-based publishing firm Sept. 14, with Warner Music Group CEO Stephen Cooper confirming in a memo that Platt will depart earlier than 12 months’s finish. Platt is anticipated to switch his former boss, Martin Bandier, at Sony/ATV Music Publishing as chairman and CEO, though Sony/ATV reps won’t remark. Bandier confirmed on Sept. 17 that he’ll step down when his contract ends March 31, 2019. His successor will report back to Sony President and CEO Kenichiro Yoshida.
Within Warner/Chappell, sources say COO Carianne Marshall — with whom Platt is intently engaged on the transition as he exits — is into consideration. But, regardless of being effectively preferred and revered, she has solely been at Warner/Chappell since June, becoming a member of the corporate following SONGS’ December sale to Kobalt Capital’s fund. Marshall was beforehand companion and head of artistic providers at SONGS.
It is believed that Platt was grooming Marshall to finally succeed him, however that was seen as a transfer additional down the highway, as she grew into the job. Platt, who had been at Warner/Chappell since 2012, had about two years remaining on his contract.
Externally, there are additionally quite a few sturdy candidates, together with a pair of Sony/ATV excessive degree executives, ought to they resolve to not keep after Platt arrives. London-based Guy Moot, Sony/ATV president of worldwide artistic, and New York-based Brian Monaco, Sony/ATV president, world chief advertising and marketing workplace, have been each being groomed as Bandier’s potential successors.
The plan, in keeping with a number of sources, was that Bandier would prolong his contract not less than yet another 12 months, whereas Moot and Monaco ready to take over after his departure, presumably with one serving as CEO and the opposite serving as COO/president, although titles and actual roles have been nonetheless fluid. That plan was severed when Bandier acquired the decision from Sony’s Tokyo headquarters on Sept. 13 that Platt was coming in as chairman/CEO.
Among the opposite names rumored to be below doable consideration are Evan Lamberg, Universal Music Publishing Group’s president of North America, although sources say he’s comfortable the place he’s and never seeking to make a transfer. Same with Pulse Music President Maria Egan. Kobalt Music Group President and Chief Revenue Officer Laurent Hubert, in addition to Zach Katz, who changed Hubert as BMG’s president/advertising and marketing and artistic, have additionally been instructed as potential contenders.
Additionally Global Music Rights CEO and companion Randy Grimmett was talked about for his capability to begin an organization from the bottom up, whereas others instructed former SONGS founder and CEO Matt Pincus could possibly be fascinated about returning to the publishing ranks. In June, he joined LionTree, the funding financial institution that suggested on the SONGS/Kobalt sale, as government in residence.
Whoever replaces Platt will likely be taking on a publishing firm that’s sturdy. Warner/Chappell has persistently commanded not less than a 17 % market share for the Top 100 radio songs the final three years, together with claiming the No. 1 spot amongst all publishers in Q3 2017. In Q2 2018, it noticed a slight dip to 15.65 % share.
Warner Music Group rep didn’t return a request for remark.
Assistance in making ready this story offered by Ed Christman and Hannah Karp.
