This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Business News Industry People Labels & Publishers
BMG restructures US operations as Zack Katz departs
By Chris Cooke | Published on Thursday 6 December 2018
BMG has announced that it is splitting its US operations into three units which will be respectively run out of the company’s LA, New York and Nashville offices. The move comes as BMG’s country-wide President Of US Repertoire, Zach Katz, confirms he will depart the music rights firm at the end of the month.
Explaining the rationale behind the restructure of his company’s US business, BMG boss Hartwig Masuch said in a statement: “The US represents more than 50% of BMG’s business. To give you a sense of scale, if it was a country, our Los Angeles operation would be our biggest territory some way ahead of the UK; Nashville would be our third-biggest territory, just ahead of Germany; and New York would be sixth biggest, just behind France”.
Which that in mind, he went on, “putting this new structure in place will empower local management and enable us to better deliver our mission of offering artists and songwriters a genuine alternative to the established companies”.
In terms of that local management, Thomas Scherer will run the LA office, Jon Loba and Kos Weaver will jointly run the Nashville office, and John Loeffler will lead the New York base. They will all take on these new roles from 1 Jan next year.
Delivering the customary big-ups to departing US chief Katz, Masuch went on: “Zach has made a substantial contribution to BMG over the past six years, most notably in helping our US operation make the transition from an acquisition-driven start-up to an organically-driven music publishing and recordings company which genuinely delivers on its core values to its clients”.
