Executive Turntable: Revolt Names New COO, Shelter Music Group Expands Management Team

Tom Grater International Film ReporterEXCLUSIVE: The Riki Group, a leader in Russia’s animation market that has been operating for 16 years, has appointed Mark Zavadskiy to the role of CEO.He will be responsible for running the company’s business units including two animation studios, digital content production, licensing and publishing agencies.

Warner Music Group is trading old debt for new debt with a better interest rate and later due date. The music company is conducting a private offering for $535 million of senior secured notes due in 2030 that it expects to close June 29, it was announced Tuesday (June 16).

Naman Ramachandran Universal Music Group (UMG) has expanded its Middle East and North Africa operations by launching new divisions in Morocco and Israel.Universal Music Morocco will operate from Casablanca, led by business development executive Serena Safieddine, who will work alongside UMG’s regional headquarters in Dubai, and report into Patrick Boulos, CEO of Universal Music MENA.The Morocco team will develop projects with Universal Music France, where labels have previously achieved success

Naman Ramachandran Universal Music Group (UMG) has expanded its Middle East and North Africa operations by launching new divisions in Morocco and Israel.Universal Music Morocco will operate from Casablanca, led by business development executive Serena Safieddine, who will work alongside UMG’s regional headquarters in Dubai, and report into Patrick Boulos, CEO of Universal Music MENA.The Morocco team will develop projects with Universal Music France, where labels have previously achieved success

George Floyd's killing on May 25 and the protests that followed, Universal Music Group, Sony Music Entertainment and Warner Music Group all launched multimillion-dollar initiatives to fight racism and support social justice, with pledges to curb bias endured by black artists, executives and staffers. It’s not the first time the business has tried to tackle these problems.

Variety Staff Follow Us on TwitterViacomCBS has named Bruce Gillmer president of music, music talent, programming & events, effective immediately.

The Atlas Music Group has cut a global administration and marketing deal with Memory Lane Music Group, a music publishing company named after the song co-written in 1924 by company founder Larry Spier Sr.

Pulse Music Group president and head of creative Maria Egan is departing the publisher to pursue a new opportunity, the company officially announced Monday (June 8). Her replacement will be Ashley Calhoun, who has been promoted to senior vp/head of creative. “I have enjoyed an amazing seven years at PULSE and I’m so proud of the world-class roster and team that we b

Variety Staff Follow Us on TwitterPulse Music Group has promoted Ashley Calhoun to senior vice president and head of creative. Calhoun was previously vp of A&R.

press release from Sony Music Group, the company, “will immediately begin to donate to organisations that foster equal rights”.

Warner Music Group (WMG) bosses have set aside $100 million (£79 million) to help combat racism in the music industry.Company officials launched the fund for charitable causes “related to the music industry, social justice and campaigns against violence and racism,” following calls from stars including The Weeknd to take action amid ongoing protests against racial injustice across the U.S.The fund, which has been established in collaboration with the Blavatnik Family Foundation – the charitable

Over the weekend, Universal Music Group chairman and CEO Lucian Grainge announced the company would convene a social justice task force in the wake of nationwide protests prompted by the May 25 killing of George Floyd.

“This fund will support the extraordinary, dedicated organisations that are on the front lines of the fight against racism"

Shares in the Warner Music Group were up 20.5% on the NASDAQ stock exchange at the close of trading Wednesday (June 3), its first day on the market as a public company under Len Blavatnik’s Access Industries. After being priced at $25 this morning, in line with its projected $23-$26 IPO price, and opening at $27, it finished the day at $30.12, according to MarketWatch, for a market capitalization of $15.36 billion and an enterprise valuation of $17.85 billion, when debt is included.

Lily Allen has accused Warner Music Group (WMG) executives of double standards due to their support of the Blackout Tuesday campaign.

Warner Music Group has set its initial public offering (IPO) price at $25 per share. The size of the IPO has been increased from 70 million shares to 77 million shares.

Warner Music Group is expected to officially begin trading later this morning on the Nasdaq exchange with its initial public offering carrying a $25 per-share price, which means that the company is realizing an equation valuation of $12.75 billion.That will make it the largest stock offering so far this year, and according to press reports in financial and business news publications, it instills hope among Wall Street traders that the WMG offering will help break the dam and bring forth more

By Jem Aswad

By Tom Grater

As protests over the death of George Floyd at the hands of Minnesota police continue across the country, Universal Music Group (UMG) plans to launch a company task force for inclusion and social justice initiatives.Chairman/CEO Lucian Grainge included the task force news in a recent memo to staff, which was first reported by Variety and has been obtained by Billboard. The task force will be led by chief counsel Jeff Harleston.