Warner Chappell Extends Guy Moot and Carianne Marshall Through 2028
Written by djfrosty on September 15, 2023
Warner Chappell Music entered into new contracts with Guy Moot, co-chair/CEO, and Carianne Marshall, co-chair/COO, according to a filing with the Securities and Exchange Commission on Friday (Sept. 15).
The new employment agreements go into effect on Oct. 1 and lock in both executives until Mar. 31, 2028. Both Moot and Marshall enjoyed 25% raises; the former’s base salary jumped from $1,750,000 to $2,187,500, while the latter’s rose from $1,250,000 to $1,562,500. Annual discretionary bonus targets for the pair increased as well, climbing from $1,750,000 to $2,187,500.
Marshall ascended to the COO role in April 2018, while Moot was named CEO the following year. They’ve since moved to sign acts like Frank Ocean, the Quincy Jones catalog and the Pop Smoke estate. “I don’t want us to be looking at every deal just because it’s in the market — we want to pick the winners, be selective [but] aggressive in how we close those deals,” Moot told Billboard in 2020.
“We can drive value for a lot of these catalogs by not just continuing to take good care of the big copyrights but also doing a deep dive,” Marshall added. “For the first time, we have a global head of synchronization, which is really important: We want to work with anyone who wants to use our songs to try to figure out how to create solutions for them. It’s important to us to be able to search our catalog to find something in every genre and at every price point with a quick turnaround.”
In the first quarter of 2019, Warner Chappell had a 16.13% share of the top 100 radio songs. In the first quarter of 2023, that share rose to 20.71%, though it fell to 17.21% in the second quarter. Also in the second quarter, Warner Chappell’s Hot 100 Songs market share was 19.94%.