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Blackstone’s Recognition Music Group has fashioned a Senior Advisory Group and appointed Matt Spetzler as Chairman, alongside Lisa Alter and David H Johnson as members.
London-based Spetzler is the founding father of Jamen Capital and a veteran know-how and media investor, with what Recognition calls “a powerful monitor report and deep understanding of the music ecosystem”.
The previous Co-Head of Europe at Francisco Companions, the place, in response to as we speak’s (Might 19) announcement, he stays a Senior Advisor, is at the moment a board member of a number of music and audio firms.
Recognition famous on Monday (Might 19) that he “brings greater than 20 years’ expertise of technology-driven transformations, leveraging information and analytics and constructing profitable media and leisure companies”.
Final yr, Blackstone acquired Hipgnosis Songs Fund (HSF) from its UK public buyers for USD $1.58 billion, giving HSF’s portfolio a valuation of over $2.2 billion.
This acquisition introduced collectively HSF with Hipgnosis’ operational administration crew (at Hipgnosis Music Administration), plus a personal Blackstone-owned assortment of songs. Mixed, the Hipgnosis portfolios comprise over 45,000 songs and recordings from over 145 catalogs.
In March, Blackstoneintroduced that it might not be utilizing the Hipgnosis identify, and can be bringing collectively these 45,000 songs and the crew charged with maximizing their earnings underneath a brand new model: Recognition Music Group.
Recognition stated on Monday that its new Senior Advisory Group will present” strategic counsel and steering” to the corporate, and can “help in its mission of enhancing the legacy and worth of its track portfolio”.
The Advisory Group additionally consists of Lisa Alter, a Accomplice at Alter, Kendrick & Baron LLP and a outstanding music counsel, having targeted her follow within the space of music regulation for greater than 30 years.
In accordance with Recognition, Alter has “deep information of evolving copyright regulation, statutory termination/reversion, deal structuring and negotiation, and the evaluation and mitigation of dangers in music transactions”.
David H Johnson, in the meantime, has greater than 40 years of expertise within the music business, together with as Normal Counsel of Sony Music and Warner Music, Chairman and Chief Govt of Warner Chappell Music, Warner’s music publishing enterprise, and Chief Govt of EMI Music Publishing Administration.
He brings, what Recognition referred to as a “deep business and operational information of music publishing, together with, amongst others, publishing partnerships, working fashions, royalty assortment efficacy, and (digital) licensing”.
“Their mixed experience and perception shall be a strong help as we proceed to reinforce and shield the legacy and worth of the unbelievable songs in our portfolio.”
Ben Katovsky, Recognition
Ben Katovsky, Chief Govt Officer of Recognition, stated: “We very a lot sit up for working with Matt, Lisa and David.
“Their mixed experience and perception shall be a strong help as we proceed to reinforce and shield the legacy and worth of the unbelievable songs in our portfolio.”Music Enterprise Worldwide
