Ben Katovsky has been appointed President and Chief Running Officer of Hipgnosis Tune Management, reporting instantly to the firm’s CEO, Merck Mercuriadis.
Katovsky will direct daily operations of the small business, overseeing the maximization of possibilities for Hipgnosis’ administered catalogs though also main strategic initiatives this kind of as the progress of Hipgnosis’ proprietary technology and information platform.
Katovsky has almost two decades’ practical experience doing work in the tunes market, with unique know-how in the industrial and operational management of songs catalogs.
Most not too long ago, Katovsky was Chief Operating Officer at BMG in which he spent seven decades, a part he departed previously this calendar year.
Katovsky will take up his new placement with Hipgnosis on Oct 1, 2022.
Hipgnosis Tune Management is the investment decision advisor (and catalog manager) for two funds: The publicly-stated Hipgnosis Songs Fund, and the Blackstone-backed non-public fund, Hipgnosis Music Capital.
Today’s news will come as Hipgnosis is documented to be in the race to buy the Pink Floyd back catalog, by means of the personal Blackstone-backed fund.
The other organizations however in the bidding process for the Floyd catalog are Sony New music, Warner Tunes, BMG, and Key Wave, in accordance to the FT’s resources – who advise that the band is trying to find GBP £400 million or more for its bundle of legal rights.
Commenting on the appointment of Ben Katovsky, Merck Mercuriadis CEO and founder of Hipgnosis Song Management, explained: “We’ve experienced an unbelievable 4 many years at Hipgnosis Tune Management but we are nonetheless only just beginning.
“I never consider there is any person improved than Ben Katovsky to assistance us reach the plans we have established for Hipgnosis. He has all the qualities of management, innovation and ambition and thinks in our mission of setting up Song Administration as the new paradigm though at the exact same time working with our results to advocate for songwriters.
“I am delighted to welcome him to the Hipgnosis loved ones as our President & COO and glance forward to a very long fulfilling marriage.”
“I never believe that there is anybody improved than Ben Katovsky to assist us access the ambitions we have established for Hipgnosis.”
Merck Mercuriadis, Hipgnosis
Ben Katovsky, President and Chief Working Officer, Hipgnosis Song Management Confined reported: “What Merck has designed at Hipgnosis in this kind of a limited period of time is certainly unbelievable. Equally extraordinary while is the ambition to build additional on this accomplishment and the passionate motivation to create even increased opportunities for songwriters and artists alike.
“As someone who has always beloved becoming at the forefront of innovation in our business, I am extremely excited about performing with Merck and the Hipgnosis workforce to travel this ambition and to make sure that our phenomenal and developing catalog enjoys the legacy it so richly deserves.”
With Katovsky joining Hipgnosis Tune Administration, Ted Cockle – presently Hipgnosis’ President – gets Chief Tunes Officer at the firm.
Cockle will oversee Promoting, Synch and Marketing as nicely as Hipgnosis’ interactions with Songwriters, Artists, Administrators and the Electronic Assistance Companies.
To date, the billion-dollar-backed privately-funded auto that Hipgnosis has in put with Blackstone has obtained copyrights and/or earnings streams from the likes of Leonard Cohen, Justin Timberlake and Nelly Furtado.
This fund recently commenced the launch of a nine-figure bond giving, as its ≈950 music ended up valued independently as getting value USD $341. million.Songs Enterprise Around the world