Harmony has unveiled the inaugural members of its newly-formed advisory board, which incorporates alumni from firms corresponding to Interscope, High quality Management, Rhino Leisure, and Harmony itself.
In a press release issued on Wednesday (November 20), Harmony described the advisory board members as an “extraordinary group of completed executives” who will advise on the corporate’s strategic course and innovation efforts.
“Over the previous decade, we at Harmony have considerably grown in our catalog, frontline roster, headcount, and total scale. We’ve got actually established our place because the world’s main impartial music firm,” Harmony CEO Bob Valentine mentioned.
“As Harmony continues on this trajectory and the music trade’s ecosystem grows more and more complicated, having an advisory board of this caliber with such far-reaching experience can be particularly advantageous.”
Heading up the advisory board as Chairman can be Scott Pascucci, a present member of Harmony’s Board of Administrators who served as the corporate’s CEO from 2015 to 2023, and as Managing Director from 2013 to 2015.
Previous to Harmony, Pascucci served as President and COO of Unique Releasing and President of Warner Music Group’s Rhino Leisure. He at present serves as Government Chairman of Morrison Lodge Gallery.
“I’m excited to welcome this superb cohort of outstanding individuals and we’re honored that they’ve chosen to be part of Harmony’s first Advisory Board,” Pascucci mentioned.
“Each enterprise wrestles with foreseen and unexpected points that may doubtlessly have an effect on its enterprise or the trade during which it operates. The Harmony Board of Administrators is assured that this proficient group can be a useful useful resource to the Firm — appearing as a sounding board for concepts, a conduit to networks of fascinating individuals, and offering contemporary views that can assist Harmony to innovate and develop.”
Becoming a member of Pascucci on the board can be various music trade veterans and executives from outdoors the world of music. Amongst these from the music world can be Darien Sprint (to not be confused with Damon Sprint), co-founder in 1991 of DASH Leisure, an organization that might ultimately grow to be Roc-A-Fella Information, co-founded by Jay-Z.
Sprint served as Chief Monetary Officer and World Head of Company Technique for QC (High quality Management) Media Holdings, the place, in keeping with Harmony, he performed a “pivotal function” within the $320-million sale of QC to HYBE. Sprint at present manages a roster of artists with Roc-A-Fella co-founder Kareem Biggs Burke.
Additionally on the advisory board can be Marc Geiger, a co-creator of Lollapalooza and Government Vice President of A&R, Advertising and marketing, and New Media for Rick Rubin’s American Recordings. Geiger is most not too long ago identified for founding SAVELIVE, an initiative to help stay music venues throughout the shutdowns of the Covid pandemic. He additionally spent 17 years at William Morris Company, a part of that point as head of the music division.
Tom Whalley, a veteran of Warner Bros. Information, has additionally been tapped to affix the advisory board. Whalley’s resume features a stint as Head of A&R at Capitol Information within the Nineteen Eighties, co-founder of Interscope Information in 1990, and ultimately Chairman and CEO of Warner Bros. Information. Whalley additionally based Loma Vista Recordings, a enterprise with Common Music Group’s Sir Lucian Grainge and Republic Information. The label joined Harmony in 2014, and Whalley served as Chief Label Officer for Harmony Label Group till 2023.
“As Harmony continues on this trajectory and the music trade’s ecosystem grows more and more complicated, having an advisory board of this caliber with such far-reaching experience can be particularly advantageous.”
Bob Valentine, Harmony
One other Harmony alum, Jake Correctly, can even be becoming a member of the advisory board. Correctly is a non-voting Director on Harmony’s Board of Administrators, and served as the corporate’s Chief Publishing Government from 2015 to 2020.
Additionally on the advisory board can be Greg Ballard, a former CEO and COO for Warner Customized Music and SVP of Social, Cellular, and Rising Platforms at Warner Bros. Ballard is primarily identified for his work outdoors the music trade, having served as CEO of quite a few firms together with SONICblue, MyFamily.com / Ancestry.com, and two firms he led to their IPOs, 3Dfx Interactive and Glu Cellular.
Amongst advisory board members from outdoors the music world can be Liat Ben-Zur, an skilled in digital transformation and main turnarounds at main firms. Her resume contains Microsoft, Philips, and Qualcomm.
“The Harmony Board of Administrators is assured that this proficient group can be a useful useful resource to the Firm.”
Scott Pascucci, Harmony Advisory Board
Additionally on the board can be author/director Janicza Bravo, identified for movies which have screened at AFI, BAM, Carnegie Corridor, SXSW, Sundance, and Tribeca. Her function movie debut, Lemon, premiered on the Sundance Movie Competition and was distributed by Magnolia Photos. In 2020, Selection named her a “director to look at.”
Entrepreneur, serial startup founder, and philanthropist Nick Grouf can even sit on the advisory board. Dubbed a “pioneer of the Internet 1.0 era,” he’s the co-founder and managing director of enterprise capital fund Alpha Edison, and founding father of tech incubator Clementine Capital.
TJ Haynes-Morgan, the Chief Audit Government for Raymond James Monetary, can even be becoming a member of the advisory board, as will Brooks Operating Firm CEO Jim Weber. Haynes-Morgan’s resume additionally contains Citigroup, the place he served as Head of Compliance Threat Evaluation & Analytics. Weber’s resume contains Sims Sports activities, O’Brien Worldwide, and The Pillsbury Firm.
Government search and management improvement firm Boyden suggested Harmony’s Board of Administrators in forming the advisory board.
Headquartered in Nashville with further workplaces in Los Angeles, New York, London, Berlin, Melbourne, and Miami, Harmony says it serves greater than 125,000 artists and songwriters, and boasts a catalog of greater than 1.3 million songs, compositions, sound recordings, movies, performs, and musicals.
Harmony was most not too long ago within the information for closing an $850-million music asset-backed securities transaction, with the borrowed cash going in the direction of “strategic development and acquisitions.”
Harmony additionally not too long ago closed a $217-million acquisition of the catalog of Latin Music celebrity Daddy Yankee.
Earlier this yr, the corporate pulled out of a bidding warfare for management of Hipgnosis Songs Fund, leaving Blackstone to amass Hipgnosis’ giant music catalog.Music Enterprise Worldwide
