Talking of Universal Music, the major has announced that it has promoted Tom Bennett to become CEO of Bravado, the merchandising bit of Sanctuary Music, which, of course, the major acquired last year. Bennett previously headed up Bravado's US division, and will continue to be based in New York.
In a busy day for giving quotes, Grainge said on the appointment: "Music merchandising is now on the world stage. And Bravado defines and shapes this business. Fortunately, Tom's experience and tenure with Bravado will ensure that the company's legacy and future are assured".
Bennett himself said this: "Bravado, because of its great history, is already positioned at the forefront of the music merchandising business. With the added support of Universal Music Group's resources and global reach, Bravado will grow and lead in this sector as never before. We have decades of experience and a world-class artist roster that's second to none. With fresh investment and renewed purpose, Bravado will create and deliver innovative products and customised ideas to ever-expanding territories to maximise each artist's - and each brand's - merchandising potential and revenue. I am confident that Bravado will continue to be the market leader".