Spencer Lee, Managing Director of Asia Pacific, peermusic, has expanded his responsibilities to include the new position of Asia Pacific President.
The news was announced today by Mary Megan Peer, Deputy Chief Executive Officer, peermusic.
Lee is currently Managing Director for territories including Hong Kong, Taiwan, Singapore, China, Malaysia, Indonesia, Thailand, India and The Philippines.
In his new role, he will additionally assume responsibility for South Korea, the sixth largest music market in the world according to the IFPI, and now the third largest territory in the peermusic worldwide network in terms of revenue.
Lee joined peermusic in 2018 as Managing Director, Asia Pacific after 20-plus years with Hong Kong’s performing rights organization, CASH, as Deputy CEO.
In 2019, peermusic acquired independent Korean publisher Music Cube, thereby adding Korea as the thirtieth country in its network, along with 40,000 Korean copyrights and works by K-pop groups BTS, Red Velvet, and AOA.
peermusic Korea is run by Heesun Park and has hosted a number of song camps in Korea, Stockholm and, more recently on Zoom, focused on the K-pop market resulting in hits with the likes of Monsta X, Super Junior and Taeyon.
“Spencer Lee has been instrumental in driving this growth, especially in China, and we are thrilled he will be continuing to lead this region, including South Korea.”
Mary Megan Peer
Mary Megan Peer said: “The Asian region remains an important focus for peermusic’s global operations. We have experienced phenomenal growth in the region, resulting in a year-on-year increase of over 35%.
“Spencer Lee has been instrumental in driving this growth, especially in China, and we are thrilled he will be continuing to lead this region, including South Korea.
“We are very pleased to recognize his valuable contributions to the peermusic team throughout the Asian region and to our songwriters worldwide with this well-deserved promotion.”
“Spencer Lee is a highly respected and successful executive.”
Ralph Peer II, peermusic
Ralph Peer II, Chair and CEO of peermusic, added: “Spencer Lee is a highly respected and successful executive.
“We welcome his wealth of knowledge, both from his experience with the Composers and Authors Society of Hong Kong (CASH) and from his time at peermusic, which is an invaluable asset as we continue our commitment to this important and creatively rich region.”
“I would like to thank Mary Megan Peer and Ralph Peer for the opportunity to help expand the company’s operations in Asia by identifying and implementing new business and by providing a world-class suite of copyright and royalty services to our writers.”
Lee said: “I would like to thank Mary Megan Peer and Ralph Peer for the opportunity to help expand the company’s operations in Asia by identifying and implementing new business and by providing a world-class suite of copyright and royalty services to our writers.
“Our work with peermusic’s creative community in this music market is a great pleasure, and during this time of digital music transformation in the region, we see some enormous opportunity in front of us to advocate on behalf of our writers and to further achieve the potential of the region.”
Music Business Worldwide