Business

Pieter van Rijn named CEO of Downtown Music Holdings’ global services unit Downtown Music, as division ‘completes integration strategy’ with merger of CD Baby operations


Downtown Music Holdings has undergone fairly the transformation over the previous 5 years.

In 2019, the Justin Kalifowitz-founded firm, which initially made its title as a music writer, acquired AVL Digital Group and its portfolio of companies for unbiased artists like distro platform CD Baby – in a USD $200 million deal.

The acquisition arrived towards a backdrop of a booming DIY artist sector, which has since continued to blossom: in 2023, the annual world income determine for the Artists Direct section of the enterprise (i.e. artists not releasing music by document labels) rose to $1.eight billion, as per Midia’s latest report.

The acquisition of AVL shaped a part of Downtown’s long-term technique to refocus its consideration on the music companies sector – i.e. being a associate to copyright holders relatively than proudly owning copyrights itself.

Additional services-focused M&A exercise at Downtown adopted with the acquisitions of Amsterdam-based B2B tech and companies firm FUGA in 2020 and Curve Royalty Systems in January final 12 months.

Crystallizing its plan to go all-in on the worldwide companies sector, Downtown additionally offered its owned catalog of 145,000 copyrights to Concord in 2021 for round $400 million.

Downtown was, and continues to be, bullish about its services-focused technique.

Initially of 2021, the corporate projected that it will generate over $600 million from its music companies companies, throughout each data and publishing, that 12 months alone.

At present, throughout its operations, Downtown Music Holdings claims to be the world’s largest unbiased service supplier.

Properly-placed sources inform MBW that the corporate is on target to generate USD $900 million this 12 months.

This all serves as vital context for a giant announcement from Downtown at the moment (April 3).

As a part of its long-term plan to focus completely on the companies sector, Downtown has introduced what it calls the “completion of its integration technique” throughout its business-to-business and creator-focused companies right into a single working firm.

As a part of this integration, the operations of the corporate’s indie distribution model CD Baby are merging into its Downtown Music division. The CD Child model and platform will stay and Downtown confirms that there can be no staffing adjustments on account of the merger.

Additionally as a part of the mixing, Pieter van Rijn has been appointed CEO of Downtown Music, reporting into Andrew Bergman, CEO of Downtown Music Holdings. CD Child President Scott Williams experiences into van Rijn.

Primarily based in Amsterdam and New York, van Rijn beforehand served because the Group President of Downtown Music and as CEO of FUGA, which was acquired by DMH in 2020. He was appointed to the Downtown Music Holdings board in 2023.

Downtown Music was formed in 2022 to mix all of DMH’s world enterprise {and professional} companies together with distribution, label and artist companies, publishing administration, video and user-generated rights monetization, neighboring rights, royalty accounting options, sync licensing and inventive assist companies.

At present, these mixed divisions are: Downtown Music Publishing and Artist & Label Companies (previously Downtown Music Companies), plus music publishing platform Songtrust, FUGA, Curve, and – after at the moment’s announcement – CD Child.

In April final 12 months,  Downtown Music shaped a brand new Artist & Label Services division, born from its DashGo distribution arm, which it acquired in 2019 as a part of AVL Digital Group. The Artist & Label Companies division is led by President Ben Patterson, who based DashGo in 2004.

Throughout all of its companies, Downtown says that it presently helps over four million artists and 5,000 enterprise purchasers in 150 international locations who collectively generated over 1.5 trillion streams throughout main streaming platforms in 2023.

The corporate additionally claims that its purchasers received “almost 30% of the awards” on the 2024 Grammys.

Downtown employs over 600 individuals globally throughout 25 places.

“The combination of all of our services and products beneath the Downtown Music umbrella alongside Pieter’ stewardship is a very energizing second in our journey.”

Andrew Bergman, Downtown Music Holdings

“The combination of all of our services and products beneath the Downtown Music umbrella alongside Pieter’s stewardship is a very energizing second in our journey,” stated Andrew Bergman, CEO of Downtown Music Holdings.

“We carry collectively all of the vital companies that creators and companies have to navigate the fashionable music {industry}. I’m happy with the group we’ve scaled and look ahead to capitalizing on the thrilling alternatives earlier than us.”

“That is a unprecedented time for Downtown Music as we enter this subsequent part as a totally unified working firm.”

Pieter van Rijn, Downtown Music

Pieter van Rijn, CEO of Downtown Music added: “That is a unprecedented time for Downtown Music as we enter this subsequent part as a totally unified working firm.

“The 1000’s of companies that we assist at Downtown Music and the hundreds of thousands of trusted creators at CD Child will now profit from our industry-leading suite of instruments and companies inside a single group.

“I look ahead to persevering with to work intently with Andrew and the DMH Board in delivering this enhanced providing to all our clients.”Music Enterprise Worldwide



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