US: BMG re-ups leadership team as US revenues surge

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BMG

BMG has re-upped its two US repertoire leads, Los Angeles-based Thomas Scherer, President, Repertoire & Marketing, Los Angeles and New York; and Nashville-based Jon Loba, President, BMG Nashville, as the company’s US operations continue to surge.

BMG’s US revenues are up nearly a third on pre-pandemic levels.

Scherer and Loba’s repertoire operations account for around half of BMG’s global revenues. They will continue to work hand-in-hand with CFO US Joe Gillen.

Loba will also now add publishing to his established Nashville label responsibilities, becoming the only major music executive in Nashville to hold dual leadership responsibilities of both areas of the business while Scherer will take the lead on US rights acquisition in addition to his responsibilities for BMG’s Los Angeles and New York-based repertoire operations.

BMG CEO Hartwig Masuch said, “BMG is on a roll in the US and it’s thanks in no small part to the work of Thomas and Jon. Jon has created a label powerhouse in Nashville with Jason Aldean, Dustin Lynch, Jimmie Allen, Lainey Wilson, and Jelly Roll so it makes sense to extend his scope to our Nashville music publishing operation. Meanwhile, Thomas is delivering significant double-digit growth at BMG’s core US publishing business with writers like George Harrison, Juice WRLD, D’Mile, Diane Warren, and Lewis Capaldi while also building our recordings interests with key signings like 5 Seconds of Summer, AJR, Maxwell, Slash, Bryan Adams, and the recent acquisitions of Mötley Crüe and John Legend catalogs. Thanks to their teams we remain the only credible global partner for artists and songwriters outside the three majors.”

The news comes as BMG plans to open its new Los Angeles office at 5670 Wilshire Boulevard this Wednesday (May 3), after an 18-month delay caused by the COVID-19 pandemic.

Said Scherer, “It has been strange to have a brand-new office which we couldn’t even use because of COVID-19. That hasn’t slowed us down. We’ve had one of the most intensive periods of growth in the US since BMG began. But it is great now to be able to host people in our very own space, doing what we do best, serving artists and songwriters.”

Source BMG

May 4, 2022 12:00am ET by Pressparty  

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