Satoshi Tanaka has been appointed CEO of SPACE SHOWER FUGA, the three way partnership between Japan’s House Bathe Networks and Downtown-owned B2B music distribution and companies platform FUGA.
Tanaka will take the helm as of July 1, succeeding Koichi Sato, who led the JV since its inception in 2021 and can now take over as Chairman.
Tanaka brings with him twenty years of expertise at House Bathe Networks, a multifaceted Tokyo-headquartered leisure firm based in 1989 that operates label and expertise company House Bathe Music, in addition to music TV channel House Bathe TV.
His earlier roles on the firm concerned content material manufacturing, worldwide enterprise growth, and company planning. Tanaka has been on SPACE SHOWER FUGA’s board of administrators since 2022, and the corporate credit him with taking part in a key function throughout “a formidable interval of development.”
SPACE SHOWER FUGA, which offers digital distribution, royalty reporting and promotional companies, says it has constructed a roster of about 2,000 purchasers, together with indie labels, artist administration corporations, and rights holders.
Within the CEO function, Tanaka will proceed to supervise all consumer acquisition and enterprise growth for the corporate.
In the meantime, Sato will assume the function of Chairman on July 1, and can proceed to contribute to the corporate’s growth and strategic route, SPACE SHOWER FUGA stated in an announcement issued on Wednesday (June 25).
The corporate credit him with securing its preliminary consumer base and establishing its presence available in the market.
FUGA and House Bathe Networks teamed up on the JV in 2021, with the concept of mixing House Bathe’s intensive native community with FUGA’s expertise and international infrastructure. The JV focuses on providing artists and rightsholders entry to international DSPs whereas providing localized options tailor-made to Japan’s distinctive home music market.
“I’m dedicated to furthering our mission by deepening partnerships and delivering long-term worth throughout the music ecosystem.”
Satoshi Tanaka, SPACE SHOWER FUGA
“SPACE SHOWER FUGA was created to serve Japan’s music rights holders with international infrastructure and native perception,” Tanaka stated.
“Transferring ahead, I’m dedicated to furthering our mission by deepening partnerships and delivering long-term worth throughout the music ecosystem.”
“It’s been an honor working alongside Tanaka-san, and I’ve little question he’ll proceed to thrive in his new function as CEO,” added Christiaan Kröner, President, FUGA.
“His management, imaginative and prescient, and deep understanding of SPACE SHOWER FUGA will assist form the corporate’s subsequent chapter and future development. Sato-san has introduced the corporate a great distance throughout his time as CEO, his affect has been actually important, and I stay up for seeing him proceed to information our route in his new function as Chairman.”
The JV with FUGA is one in all numerous initiatives that House Bathe Networks has undertaken because it expanded its actions to incorporate artist administration, publishing, digital content material companies, and large-scale music festivals.
The corporate first acquired concerned in music distribution in 2004 with its acquisition of BounDee (previously 3D System), an early pioneer of digital distribution within the Japanese market.
Extra lately, the corporate partnered with fan platform operator SKIYAKI Inc. in 2022, in an effort to “create synergy” between Japan’s extremely developed fan membership enterprise and House Bathe’s music companies.
In line with annual accounts filed in The Netherlands and seen by MBW, FUGA (Impartial IP BV) owns 49% of the issued share capital in House Bathe FUGA Inc.
House Bathe Networks owns the opposite 51% within the JV.
FUGA is owned by Downtown Music Holdings.
Common Music Group introduced late final yr that it had reached an settlement to accumulate Downtown Music Holdings for USD $775 million – a deal that’s presently being scrutinized by European regulators.Music Enterprise Worldwide
