Downtown Music Holdings, the parent company of Downtown Music Publishing and Songtrust, is expanding its C-Suite positions and is looking to recruit a Chief Revenue Officer.
According to the job ad for the role, this person will be required to lead the company’s global digital licensing strategy through various streaming music partnerships and new music initiatives.
The new CRO (who can be based in Los Angeles, London or New York) will also be required to strengthen relationships with the Downtown’s key digital partners, including DSPs and licensing organizations.
This new strategic executive hire follows a year of impressive milestones for Downtown, including major signings such as Tori Amos and a deal to represent the catalog of Summertime composer George Gershwin.
Meanwhile, in March the company revealed that it was to acquire AVL Digital Group and its portfolio of businesses, including CD Baby, AdRev, DashGo and Soundrop.
Industry sources estimated that the deal was in the vicinity of $200 million.
AVL’s client base includes over 900,000 artists, labels and other rightsholders, representing the largest independent sound recording catalog in the music industry.
Justin Kalifowitz, Downtown Music Holdings
The AVL deal was followed in May by the acquisition of the catalog of celebrated independent Belgium-born music publisher Strictly Confidential.
That acquisition included more than 10,000 song copyrights across multiple languages and genres.
Downtown also recently doubled its New York office space with new Soho HQ.
Commenting on the expansion Downtown’s leadership team, Justin Kalifowitz, CEO of Downtown Music Holdings, said: “By creating a dedicated leadership position focused exclusively on creator compensation, we’re continuing to prioritize our clients and their creative works.”Music Business Worldwide