Downtown Music (Downtown) has promoted David Driessen to Chief Business Officer (CCO).
Primarily based in New York, he’ll proceed to report back to Pieter van Rijn, CEO of Downtown Music.
In line with Downtown, Driessen is tasked with increasing the corporate’s international market share and driving income throughout its 4 divisions: Publishing, Distribution, Artist and Label Providers, and Royalties and Monetary Providers.
Driessen’s promotion expands on his earlier function as Downtown Music’s Chief Enterprise Officer, the place he performed a key function on the management workforce, in addition to “driving development and serving to to maximise worth for the corporate, its shoppers, and companions,” Downtown mentioned on Tuesday (September 3).
Driessen beforehand served as Chief Business Officer at FUGA, the place he helped scale the corporate’s operations whereas overseeing total industrial technique.
In line with Downtown, constructing out Licensing and Partnership alternatives for the corporate’s “greater than 50 million music property shall be a core focus in Driessen’s new function”.
Additionally in line with Downtown, below Driessen, Downtown’s VP of Product and Providers Technique, Harmen Hemminga, “will take a holistic view of licensing” by including it to his remit and integrating it with Downtown’s product and companies technique.
Driessen’s promotion follows Downtown’s current completion of its integration technique which merged CD Child’s operations into Downtown.
Downtown claims to assist over 4 million artists and 5,000 enterprise shoppers in 150 international locations, who, the corporate says, collectively generated greater than 1.5 trillion streams throughout main platforms in 2023.
“David’s management has been a key driver of Downtown’s success, and his promotion to Chief Business Officer comes at an thrilling time for the corporate.”
Pieter van Rijn, Downtown Music
“David’s management has been a key driver of Downtown’s success, and his promotion to Chief Business Officer comes at an thrilling time for the corporate, having not too long ago built-in our business-to-business and creator-focused operations right into a single firm,” mentioned Downtown Music CEO Pieter van Rijn.
“His dedication to our artists, shoppers and DSP companions positions us to proceed unlocking worth for our many companions throughout the worldwide music business.”
“Downtown is relentlessly targeted on connecting artists with audiences, offering expertise and companies to music firms, and ensuring they receives a commission what they deserve, as rapidly as potential.”
David Driessen, Downtown
David Driessen, Downtown’s Chief Business Officer, added: “Downtown is relentlessly targeted on connecting artists with audiences, offering expertise and companies to music firms, and ensuring they receives a commission what they deserve, as rapidly as potential. It sounds easy, however getting there requires a whole lot of laborious work behind the scenes,”
“When artists, labels, and different rights holders belief Downtown, they know they’ve a associate who’s deeply dedicated to their success.”
Elsewhere at Downtown Music, in June, the corporate appointed Molly Neuman as President of its ‘Direct-to-Creator’ division, CD Child.
In the meantime, in Could, the corporate launched a brand new division referred to as Downtown Royalties & Monetary Providers (DR&FS), following its acquisition of royalty processing platform Curve Royalty Methods in January 2023.
Additionally in Could, Downtown Music secured one other $500 million of credit score capability from Financial institution of America to broaden its companies for impartial artists and labels.
In July, Downtown Music Holdings was reported to be exploring a possible sale and that it had been in talks with non-public fairness corporations and not less than one main music firm.Music Enterprise Worldwide
