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Warner Music Group Hires Top Goldman Sachs Music Banker to Lead Distro Shopping Expedition
Warner Music has hired a Goldman Sachs banker to lead its search to buy a distributor. Michael Ryan-Southern will serve as an executive vp.
On Thursday (June 6), WMG announced the hire of Goldman Sachs’ global head of music & live entertainment investment banking Michael Ryan-Southern to a newly created executive vp role. Buying or building something that can leverage WMG’s independent distribution and services division, ADA, would help the music company recruit more early-stage artists, something its executives consider core to its success. In April, WMG’s publishing division, Warner Chappell Music (WCM), partnered with ReverbNation, BandLab Technologies’ premium artist services platform, to identify and sign emerging songwriters.
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