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Adriana Restrepo Named Regional Director for IFPI Latin America and Caribbean

Colombian record executive Adriana Restrepo has been appointed IFPI’s regional director for Latin America and the Caribbean. Restrepo will now head the global record music organization’s regional operations in Latin American and the Caribbean, based out of the organization’s offices in Miami and reporting directly to IFPI chief executive Frances Moore.

Restrepo takes over the post vacated by Javier Asensio, who served as regional director of the IFPI since 2011. Asensio, who’s been on Billboard’s Latin Power Player list on multiple occasions, stepped down from his role at the end of 2022 to return to his native Spain.

“Having worked directly with Adriana for a number of years as she served on our boards, I know first-hand the level of passion, commitment and knowledge of the Latin American music sector that she brings to the role,” said Moore in a statement. “I would also like to thank Javier who has been outstanding in overseeing our work in the region for over a decade and achieved so much during a period of rapid change and evolution in the market.” 

Restrepo comes from a business and recording industry background and is one of the very few women who have headed record labels, including multinationals, in Latin America. She was most recently president of Sony Music Andes, based in Bogotá, Colombia, and overseeing Sony’s operation in the Andean region, which includes Colombia, Ecuador, Peru and Venezuela. Prior to that, Restrepo was president of powerful Colombian indie Codiscos, one of the region’s oldest and most respected labels and publishers, with a vast catalogue of tropical and popular music.

Restrepo comes to the post at a time when the Latin American music industry is on a path of massive growth. Recorded music revenues in Latin America grew 31% in 2021, exceeding $1 billion in revenues for the first time, and making it the 12th year of consecutive growth for the region.

Restrepo, who served on the IFPI’s main board between 2018 and 2020 is familiar with the organization.

“The region is experiencing a stellar moment due to the massive production of new talent for the entire world,” she said in a statement. “I will continue the good work developed by Javier with the National Groups and the collective management organisations seeking to reach new goals for the benefit of IFPI members.”

At Sony Andes, Maria Mercedes “Mechas” Montejo has been appointed to lead the company.

 “We will miss Adriana here at Sony Music Latin Iberia, but we are thrilled to know that her professionalism and experience will be of service to the entire Latin music industry in her new role.  We wish her all the best,” said Afo Verde, chairman & CEO Latin America, Spain and Portugal for Sony Music Entertainment.

Verde, and the other regional label heads will be working closely with Restrepo, as they do traditionally with IFPI leadership, and support for Restrepo has been unanimous.

 “Adriana brings experience, knowledge and a great capacity for work, at a time when the challenges we face in Latin America continue to be enormous.  There is nobody better than her to continue the great job done by Javier Asensio during the last decade,” said Jesús López, chairman & CEO, Universal Music Latin America & Iberian Peninsula, Universal Music Group.

Added Alejandro Duque, president, Warner Music Latin America: “I’ve known Adriana for many years and believe she has the right qualities and commitment to lead and execute our industry’s agenda in the region for years to come.”

Shania Twain Was So Sick With COVID-Induced Pneumonia She Was Airlifted to a Swiss Hospital

Shania Twain has overcome a number of serious health issues during her career, battles with Lyme disease and dysphonia that robbed the singer of her signature powerhouse country pop voice and led to an extended break in the early and mid 2000s, as well as throat surgery in 2018 to shore up her weakened nerves.

But in a new interview with England’s The Mirror, the “Man! I Feel Like a Woman!” star said she was so sick during the pandemic that she had to be airlifted to a Swiss hospital. “It was progressively getting worse. My vital signs were getting worse… and in the end I had to be air evacuated,” Twain told the paper about the time she got COVID pneumonia in the midst of the global pandemic while in Lake Geneva, Switzerland and got so sick she could hardly breathe.

“It was like science fiction, I felt like I was going to another planet or something,” she said of the surreal helicopter ride to a local health clinic. “It all kind of happened in slow motion.” Luckily, Twain added, husband Frédéric Thiébaud — a Swiss exec for Nestlé — was there with her through the health ordeal, scrambling to find a scarce bed for his sick wife.

“My husband was freaking out, to be honest. He was really panicking because he was the one having to pull it all together,” she said of his rush to get her help. “He spent hours and hours every day on the phone, trying to get an air evacuation coordinated, trying to get a bed lined up, as there were none, checking my vital signs. It was just a real nightmare for him.”

Once they found a bed, Twain, 57, said she was placed in isolation and given plasma therapy drugs during a frightening episode. “It took several days to start building up any antibodies at all, so it was a very dangerous time and very scary,” she said. “I made it through and I’m just so grateful.”

Soon enough, Twain began to recover and begin working on her upcoming sixth studio album, Queen of Me, which is due out on Friday (Feb. 3).

HHW Gaming: No C A P, Sony Announces Increase Supply of PS5 Consoles

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PS5 Consoles Stock Increase Announced By Sony

Source: SOPA Images / Getty / PS5

It’s a new year, and Sony is declaring if you want a PS5, you should now be able to get one.

Sunday clips of a new PlayStation television ad shown on Australian television hit folk’s Twitter timelines showing Spider-Man giving gamers hope some information about Marvel’s Spider-Man 2 was coming.

It turns out that clip is a part of Sony’s new “Live From PS5” ad campaign celebrating community and welcoming more players to get in on the PlayStation 5 action.

Monday, PlayStation dropped the ad in North America while also sharing the news it would be increasing its PS5 supply.

Per The PlayStation Blog:

To all our fans: thank you for your patience as we navigated unprecedented demand for the PS5 console amid global challenges. If you’re looking to purchase a PS5 console, you should now have a much easier time finding one at retailers globally.

For players in the U.S., U.K, France, Germany, Netherlands, Belgium, and Luxembourg, be sure to check direct.playstation.com to purchase a PS5 console, games, and accessories directly from PlayStation. PS5 products are also available at participating retailers globally.

This news comes after Sony boss Jim Ryan happily announced the PS5 jig is up during the company’s CES presentation.

“Everyone who wants a PS5 should have a much easier time finding one at retailers globally, starting from this point forward,” Ryan told CES attendees.

2023 Looks Like It Will Be Another Good Year For The PS5

As for the ad, it’s an excellent one-minute spot showcasing upcoming PS5 titles like Marvel’s Spider-Man 2 and Final Fantasy XVI, plus already released exclusive hits Ratchet & Clank: Rift Apart, Gran Turismo 7, God of War Ragnarok, Destiny 2, Horizon Forbidden West, Returnal, Ghosts of Tsushima, possibly Uncharted and more.

It sounds like PlayStation is gearing up for another stellar year. Xbox already gave its gaming base a taste of what’s to come with its recent Developer Direct presentation, where we got a shock drop with Hi-Fi Rush, which is already getting game of the year nods from players.

In a recent interview, Xbox boss Phil Spencer did not acknowledge the company did not do right by gamers and was “too light on games,” but it looks like Xbox could also have a stellar 2023 to make up for its shortcomings in 2022.


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Photo: SOPA Images / Getty

Jordan Brand Earned Nike $19B Of Which Michael Jordan Only Gets 5%

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Sneakerheads are pretty aware that the Retro Jordan line of Nike’s sneaker division has been it’s biggest cash cow for the company for decades now. But we didn’t know just how big those numbers actually were until now.

According to The Sports Rush, the Jordan Brand has earned over $19 billion dollars in revenue over the past five years for Nike with numbers calculating that the swoosh brand generates $3 million every five hours thanks to Jordan Brand related sales. While we know that sales of the Retro Jordan sneaker line is what helped Michael Jordan reach billionaire status, the G.O.A.T himself only gets a small percentage from every Jordan Brand item sold.

Michael Jordan receives 5%, a percentage that is abysmally low, on every single sale from a Jordan brand product. As of 2020, he had earned $1.3 billion from his contract with Nike, the most by any athlete in NBA history by a wide margin. 

That doesn’t sound right. But if those are the conditions that Michael Jordan agreed to which helped him get to a billi, it is what it is.

And to think Michael didn’t even want to take a meeting with Nike back when it was basically a startup company. Meanwhile adidas and Converse were the hottest sneaker brands in the streets. Luckily he had some pretty persuasive parents who browbeat him into meeting with Nike. They ultimately came to an agreement on a partnership that made sneaker history.

Since then, the Air Jordan sneaker line has produced some of the most iconic silhouettes in the game and continues to be the most popular sneaker line to this day. You’d think at some point Mike would try to renegotiate his deal or something. But ultimately, if it ain’t broke don’t fix it, right? The man is a billionaire and continues to rake in money hand over fist on a yearly basis. Imagine how much more money he and Nike would be making if they didn’t drop so many unnecessary and unwanted colorways of our beloved Jordan silhouettes? Not hatin’, just sayin’.

What do y’all think of his Airness only getting 5% of the pie he helped cook up in the kitchen? Let us know in the comments section below.

How Four West Coast Legends Made a New Rap Supergroup During COVID

It’s August 20, 2020 and the Dogg Days of Summer are still here — the Snoop Dogg Days. While many of us remain in the house waiting out the global pandemic, Snoop Dogg is on the go. The laid-back MC is boarding a private jet en route from Los Angeles to Atlanta, and just as the metallic bird carrying the forever-hustling superstar ascends into the stratosphere, former President Barack Obama sits down with his staff a few thousand miles away. Obama and company go over notes and meeting agenda, then the beloved 44th Head of State puts out the mandate, “Get Snoop Dogg.”

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In a few hours, Obama will be speaking at the virtual Democratic National Convention and he wants Snoop to introduce him to the audience tuning in to watch on the Twitch channel Behind the Rhyme TV.

When Snoop lands late in the afternoon in ATL, he gladly accepts Obama’s invitation (the collaboration at the DNC was abuzz with CNN writers). Later, the Dogg settles in his hotel room, he fires up some smoke and listens to a few selections from his new group on a portable speaker.

“We ain’t announce it yet, but me, Ice Cube, E-40 and Too $hort just made a group cuz,” Snoop says with a grin. “We already started on the album and that s–t is jammin.’ We’re having a ball making it. It’s gonna be big.”

And historic. The teaming up of Mount Westmore is the first time a collective of this magnitude has officially come together in rap. All four MCs have over been dropping hits for at least four decades. This year marks Too $hort’s 40th anniversary in rap, while last April Snoop celebrated the 30th anniversary since he debuted on Dr. Dre’s “Deep Cover.” Cube and 40 came out the Wild Wild West in the ‘80s. Everybody in the group is over the age of 50, and still exudes double energy that is beloved by the culture. Most importantly, they’ve all been friends for years.

Northern California natives 40 and $hort have been Bay Area fixtures both individually and together, ranging from collaborative albums to their mutual affinity for the championship-winning Golden State Warriors. The ties between the Southern Californian half of Mount Westmore run deep too: After all, Snoop took part in the N.W.A reunion in the early 2000s, standing in for the late great Eazy-E alongside Cube and Dre. All four have collaborated as solo acts and performed on the same concert bills throughout the years, too many times in total to count.  

The four are so close, assembling Mount Westmore was as easy as making a few phone calls. A few months before Snoop got the call from Obama — when COVID-19 first put the world in lockdown — E-40 needed a distraction from making frequent trips to the kitchen. Ask 40 himself, and he’ll joke that he was eating so much, his refrigerator told him it needed a breather. The legendary rapper’s culinary break would come in the form of making music. His manger put the battery in his back to take advantage of his downtime by teaming up with his iconic brethren.

“That sounds groovy like a drive-in movie,” 40 recalls thinking when the idea of supergroup came up.  The Vallejo King of Lingo hit up Ice Cube first. “‘What you think about putting a group together, man?” 40 asked Cube who was “doing a lot of nothin’” himself at home. “Who you talking about?” Cube retorted, thinking 40 was joking around. “Me, you, Too Short and Snoopy,” 40 replied. After a few seconds of processing, Cube responded with two words: “Hell yeah!”  “What we gonna call it then?” 40, getting excited, questioned in his signature high pitch. Cube dropped another two words on him: “Mount Westmore.”

The group name was inspired by the great hip-hop debates by media and fans of who belongs on hip-hop’s Mount Rushmore. Two and a half years removed from the pandemic (or as E-40 calls it, “the Plan-Demic”), Too $hort’s compound in LA is serving as headquarters for three quarters of Mount Westmore. While Snoop has been back in the ATL shooting a film and traveling the states on tour, the other group members have been holding down the publicity run duties. It was only four days until the collaborative project Snoop Cube 40 $hort hit streaming services and showcased the West Coast legend’s rap prowess.

Today though, while Cube and Short are waiting on 40 to arrive, the powerful South Central LA street narrator gives some great stories about his Oakland counterpart’s younger days on the come up. Cube relays making calls from the road while they were on tour, playfully teasing him and Dr. Dre because they “were still at home” and weren’t popular enough to perform concerts in different cities yet. Cube also reveals that “A Gangsta’s Fairytale,” off his classic solo debut AmeriKKKa’s Most Wanted, was originally written for Eazy. Cube then further delves into the construction of Mount Westmore.

“When I see his name come across [my phone], I always know he’s gonna say something slick,” the rap hyphenate says about 40. “I always look forward to talking to him, ‘cause you gonna hear some new s–t you ain’t heard before.”

Almost on cue, you can hear 40’s signature squeaky voice in the adjacent room getting closer. In walks 40 Water with a smile and joke to greet everyone. “He has on a Raiders shirt and 49ers pants,” Cube says about 40’s plain black tee and red jeans when seeing his friend. The three laugh simultaneously. “I’m mixing it up!” 40 retorts with a smile.

Although they share a brotherhood, football is one thing the foursome don’t agree upon. A big debate takes over the room when they talk about the New Year’s Eve NFL matchup between the visiting Niners and the Las Vegas Raiders, which 40, Cube and $hort will be attending. E-40’s allegiance is to the Niners, while Cube and Short give him a million reasons why they are going to lose to their team, the Raiders.

When the impromptu hip-hop version of ESPN’s First Take is done, the three peel back some of the layers of their new album. Even though the Mount Westmore members were separated during the COVID outbreak, every MC had a studio in their home, so recording the LP was relatively easy.

“We all got track records for making really good, classic, timeless music,” $hort surmises. “So you gotta trust the process of each individual that they know what they like.”

They all called upon familiar producers that they used throughout their careers, such as Ant Banks, FredWreck, Rick Rock and 40’s son Droop E.

“You gotta find X amount of songs that all four people like at the same time,” $hort explains. “That’s the magic. So it couldn’t be just one producer. We put the word out, the floodgates opened up.”

Every time each member of Westmore got a beat they liked, they sent it to a group text. If none of the three other MCs responded, then the collective knew that track wasn’t it. The songs began to take shape when one or two of the other MCs responded to the group text by sending back the tracks with a verse on it. $hort took charge of keeping track of all the song files.

“I think the process was dope, because when you layer it like that, the next person is actually building on what the last one said,” $hort says. “As opposed to we all sitting in the studio and we’re gonna make this song one day while we’re here. This was different. You had a little moment to sit at home. I’ll listen to what 40 did or listen to what Snoop did. ‘All right, so he said all that, I’m gonna come with this.’”

The spirit of the Mount Westmore project lies in its versatility. The four members weren’t afraid to rhyme on soundscapes that may have been out of their wheelhouses. There was just one agreed upon mandate: Each MC had to bring their signature style to the table.

“It’s fun to be in a group,” Cube certifies. “This is my third group; N.W.A, Westside Connection and now Mount Westmore. It’s always fun, because you’re not carrying the whole load. You got f–kin’ Hall of Famers you can pass it to. That could be a point where you relax — but with us, we don’t relax. We know we’re all going to be on point and show each other why we’re here. We don’t take each other for granted. We all know we gotta shine.”

Snoop Cube 40 $hort has slappers throughout. The supergroup goes anthemic right out the gate with “California,” they touch the clubs with “Too Big” (with Dr. Dre speaking on the intro) and “Lace You Up” gives unapologetic real talk advice to the younger generation. “How Many” broaches the subject of snitching, and on “Nice Day,” Ice Cube discusses how people tried to cancel him for being in contact with the Trump administration.

“In 2020 they was trying to cancel me,” Cube describes of the song that was made right after the controversy. “So to me, it was to get it off my chest on how I was feeling. A lot of people got their political team, or people they want to be down with. I ain’t got no team politically.  I don’t care about Democrats or the Republicans. All I care about is, are we winning as Black people? Are they breaking bread or are they helping us make our lives better?”

Cube came under fire because he presented his “Contract With Black America,” an economic plan for financial reform for Black Americans to the Democrats as well as the Republicans. Some people blew it out of proportion and accused Cube of working with Donald Trump, which he clarified as being untrue. He simply wanted Black people to get a higher percentage of the wealth in America and wanted to get information to see what both parties were going to do for the Black community.

“It was cool to have a record to be able to get s–t off like that, ‘cause everything I said in that record is true,” Cube continues. “Look at the type of people trying to cancel [you]. That’ll let you know what you’re dealing with. It is a lot of gatekeepers out here who want to push the status quo cause somehow, some way, they get paid off of it. Those are the ones that want to cancel you. Not the ones that are going through it and want a different way. Not the ones trying to figure out how to break [the destructive] mental and political cycle that we’re under.”

Mount Westmore look to do just that, whether it be overtly or subtly. Bigger than any statement they could make artistically, the aligning of Snoop, Cube, 40 and $hort shows the entire Black community that four kings can come together, put egos and politics to the side, build on friendships and form a business. Mount Westmore isn’t just a group name: The four have officially started a LLC with the same name, making them an actual corporation. They all promise big deals between their crew, as well as tours and more music, of course.

The collection of legends made in excess of 50 songs for their current project, and only 16 were chosen for the final tracklist. While a few of the remaining records will be rationed out for their various solo efforts, $hort promises at least one follow-up Rushmore LP, more than likely two.

“If I sat here right now and said, ‘Let’s go in the studio’ and I played you 20 songs that didn’t make the album, you would be like, ‘What the f–k? Why the f–k that ain’t on there?’” $hort details. “You would be mad. We got some s–t. The next level, it’s going to continue. It’s gotta be no less than two albums. Easily three.”

“We’re the most fun group in hip-hop right now,” Cube attests. “Ain’t nobody having more fun than us. It’s a good story for hip-hop in the sea of tragedy [going on right now]. This is a feel-good story in a lot of ways.  Hearing our record, the sh-t is fun. It feels fun and we’re showing the youngsters, this is how you can do it. It’s important. This ain’t a record. This is a movement.”

Cheers to that. Before everyone leaves out, 40 pulls out two bottles of his Earl Stevens Sweet Red Wine and makes everyone repeat after him as he gives his “traditional toast.”  

“I ain’t above you,” Cube and $hort say following their partner’s lead. “I ain’t below you. But I’m right beside you.”

Questlove Has High Praise for Lil Yachty’s New Album ‘Let’s Start Here’: ‘I Really, Really Love This Record’

Praise continues to pour in for Lil Yachty after releasing his alternative album Let’s Start Here Jan. 27. Yachty’s creative 180 garnered acclaim from fans and music lovers, most notably from The Roots’ Questlove. Over the weekend, Quest showered Yachty with immense praise, saying he admired the “Poland” rapper’s “creative left turn.”

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“How should I put it? I really really really really love this @lilyachty record and I love when artists pull off a good departure record (departure albums are when musicians pull a COMPLETE creative left turn —-most times as a career sabotage of feeling doomed to not be able to live up to a standard they set,” he wrote in a Jan. 28 Instagram post. “Not being able to make the Thelma & Louise jump. Quitting the job/relationship before you give em a chance to fire you—)—-some famous departure albums backfired (Sgt Peppers wound up making the Beatles even MORE important further proving you can’t just do tin pan alley showtunes & think THAT is gonna get rid of the screaming fanbase….now the entire world wants a piece of you). 

He later added: “This aptly titled #LetsStartHere lp might be the most surprising transition of any music career I’ve witnessed in a min, especially under the umbrella of hip hop. I remember @divinestyler_1 has a sophomore release that shocked me & im still processing the 3rd @junglebrothers4life lp some 30 yrs later. But man….whatever you put in your Wheaties bro….keep goin.”

Diplo, A-Trak, and more music enthusiasts shared their excitement in the comments, as the project also wowed them. 

Last week, Yachty held a listening for Let’s Start Here in New Jersey and New York City, where Drake, Lil Baby, and Offset showed support. The 14-track effort includes features from Foushee, Diana Gordon, Teezo Touchdown, and more. 

Check out Quest’s post below.

Sarah McLachlan Finds Beer & ‘Shelter’ Amid the Wilderness in Busch Light Super Bowl Commercial

Back in 2007, Sarah McLachlan starred in a now-famous infomercial for the ASPCA, encouraging viewers to help saved abused animals to the tune of her heartstring-tugging 1998 ballad “Angel.” Now, the Canadian superstar is helping Busch Light’s rugged mascot find “shelter” in a new Super Bowl LVII commercial — though the two seem to have different ideas about what that means.

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“Three things are required in the great outdoors,” the Busch Guy tells the camera in the 30-second spot, amid a forest-filled landscape, pointing out that every camper needs food, drink (Busch Light, of course) and shelter.

That’s when McLachlan pops out from inside a tent, sitting alongside a massive “dog.” “Angel” begins to play as the singer says, “For just dollars a day, you can find helpless animals find shelter,” before the Busch Guy interrupts her.

“Wrong ‘shelter,’ Sarah,” he tells her, before pointing out that the “dog” next to her is actually a wolf.

“Busch Light shares my love of animals and the wilderness so, while it seems unexpected, this spot is a really clever and good-hearted mix of my passions and their brand,” McLachlan said in a statement. “Last year, Kenny G revived the beer brand’s classic ‘Head for the Mountains’ song and that’s a tough act to follow, but I love that Busch Light is playing into nostalgia again with a new rendition of my ‘Angel’ ASPCA commercial and I can’t wait to see how people react!”

“Our fans love nothing more than time in nature with an ice-cold Busch Light and that’s why we’re once again bringing the great outdoors to the biggest game of the year,” added Krystyn Stowe, head of marketing for Busch Family and Natural Family at Anheuser-Busch. “Busch Light fans will love our spin on Sarah McLachlan’s iconic commercial as they always appreciate a bit of humor that ultimately serves a good cause – especially when it comes to great outdoors we both hold dear.”

Busch Light will also be donating $25,000 to its partner, One Tree Planted, which helps to restore forests, create habitats for biodiversity and make a positive social impact around the world.

Watch Busch Light’s Super Bowl commercial featuring McLachlan below.

Mass Appeal Partners With Sony Music Entertainment For #HipHop50 Initiative

In honor of #HipHop50, Mass Appeal and Sony Music Entertainment have agreed to partner to celebrate legendary SME artists and highlight Certified — their R&B and Hip-Hop digital catalog program.

According to a press release, “Sony Music and Mass Appeal will work together to showcase the creative excellence of SME’s dynamic talent and their contributions to music history through original content, experiences, merch and product collaborations in connection with Mass Appeal’s campaign leading up to this key milestone in Hip Hop culture.”

Second, Mass Appeal and SME will construct a new content series, Made By Hip-Hop. Set to debut later this year, Made By Hip-Hop will involve influential figures speaking on the genre’s impact and history. Last week, Mass Appeal and SME kicked off their partnership in NYC with the new photo exhibition Hip Hop: Conscious, Unconscious. The event showcased over 200 iconic hip-hop photos from 1972 to 2022 and had tremendous star power as Nas, New York City mayor Eric Adams, Raekwon, N.O.R.E., Styles P, Grandmaster Caz, Melle Mel, Havoc, Fabolous, Maino, Dave East, A-Trak and Ralph McDaniels all attended.

The photo exhibit will remain open to the public until May 21.

Last year, Mass Appeal teamed up with Live Nation Urban for several hip-hop-centric events, including festivals and park jams.

“We are thrilled to partner with the world’s leading live entertainment company to bring fans one-of-a-kind experiences in celebration of hip-hop’s 50th birthday, said Mass Appeal CEO Peter Bittenbender. “We are planning to celebrate all facets of the culture and globe via this dynamic partnership.”

Brandon Smiley, Son Of Rickey Smiley, Has Died

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Brandon Smiley, the son of radio host and stand comedian Rickey Smiley, has died. The elder Smiley shared the news via social media but no cause of death was shared.

Rickey Smiley, 54, shared the news via his Instagram account in a video clip that was captioned “My Son Passed Away” with the post’s caption asking for warm thoughts for Brandon’s mother and daughter.

“I lost my oldest son #BrandonSmiley this morning. I’m okay, but please pray for my son’s mother Brenda, his siblings and his daughter Storm,” Smiley said.

Looking over Smiley’s page, he shared images of his children, including a video of Brandon, who was also a comedian like his father.

We send our condolences to the entire Smiley family.

Brandon Smiley was 32.

Photo: Getty

BMG CEO Hartwig Masuch to Be Succeeded By Thomas Coesfeld

BMG has announced a long-term succession plan for Hartwig Masuch, the record label and publisher’s only CEO since launching in 2008. Parent company Bertelsmann said Monday (Jan. 30) that Masuch will be replaced by Thomas Coesfeld, BMG’s CFO, effective Jan. 1, 2024.

Thomas Coesfeld

Thomas Coesfeld

Bertelsmann Printing/Group_Kai-Uwe Oesterhelweg

When he takes over as chief executive, Coesfeld will also receive a seat on the Bertelsmann Group Management Committee (GMC), which advises the Group Executive Board. Masuch will remain in an advisory role after the transition, which will be “finalized at the end of the year,” said Bertelsmann chairman and CEO Thomas Rabe.

Under Masuch’s leadership, BMG has grown to be the fourth-biggest recorded music and publishing company in terms of revenue, trailing only the three majors. At a gathering of senior Bertelsmann execs in early October, Masuch announced BMG would be generating one billion euros in revenue starting in 2024. In the first half of 2022, the most recent final figures available, the company reported revenues grew 25% to 371 million euros ($405.7 million), compared to 2021’s first half.

In recent years, BMG has acquired music rights from Peter Frampton, Harry Nilsson, Simple Minds, Tina Turner and Mötley Crüe, among others, and through a partnership with KKR the company has acquired catalogs from John Legend and ZZ Top. On the label side, BMG has signed Duran Duran, Santana, Bryan Adams, Maxwell and Louis Tomlinson.

“Since 2008, [Masuch] has built the new BMG from scratch with a completely new business model that focuses on the needs of artists and songwriters, based on its core values of service, fairness, and transparency,” said Rabe.

Masuch joined Bertelsmann in 1991, overseeing Germany, Switzerland and Austria as part of BMG Music Publishing first incarnation. In 2008, he advised Bertelsmann when the company sold its share of Sony BMG Music Entertainment to Sony in 2008, and soon, helped start BMG Rights Management — which later became BMG.

“After 32 years at Bertelsmann and more than 14 years at BMG, now is the right time for me to hand over the reins to a new generation,” Masuch said in the company’s announcement. “I am convinced that the company will be in the best hands with Thomas Coesfeld and BMG’s outstanding, highly motivated global leadership team. As our annual results will show, the company is in excellent shape both creatively and financially. I look forward to a seamless transition by the end of the year. I am sure that under Thomas’ leadership, BMG’s core values of service, fairness and transparency will continue to evolve and flourish, leading the company to even greater success.”

Coesfeld was named deputy chief financial officer at BMG in October 2021 before taking over as CFO in April 2021. He previously served as chief strategy officer on the executive committee of the Bertelsmann Printing Group, a division of BMG’s parent company Bertelsmann. He began his career in 2014 as a management consultant at McKinsey in Munich.

“I am sure that under Thomas’ leadership, BMG’s core values of service, fairness and transparency will continue to evolve and flourish, leading the company to even greater success,” said Masuch.

Added Coesfeld, “Under Hartwig Masuch’s leadership, BMG has delivered an impressive growth story and developed into a modern music company in which data, technology, and services play a key role. My aim is to continue this success story together with the company’s top management and its more than 1,000 employees worldwide, and to leverage the enormous creative and entrepreneurial potential of the music industry for Bertelsmann.”