Monti Olson has joined Litmus Music as President.
Launched earlier this month, New York-based Litmus was co-founded by Hank Forsyth and Dan McCarroll in partnership with Carlyle World Credit score, which initially dedicated $500 million in each fairness and debt.
In a press launch asserting the launch, Litmus mentioned it plans to “purchase and handle music rights, together with each music publishing and recorded music, throughout genres, geographies and vintages”.
As President, Olson joins the founding crew and can lead music rights acquisitions for the corporate.
He joins Litmus with greater than 20 years of expertise within the music trade.
Olson was most not too long ago Govt Vice President/Head of BMG Music Rights Music Publishing North America, the place, in line with the discharge asserting his appointment, “he led the division within the home music market and was liable for the event and execution of its progress technique and frontline/catalog acquisition technique and execution”.
Olson beforehand served as Senior VP of A&R at Warner Bros. Data, EVP/co-department head of A&R at Common Music Publishing Group and Senior VP/division head of A&R at BMG Music Publishing.
He’s additionally the co-founder of vinyl reissue firm Unique Recordings Group.
Carlyle World Credit score, which has $143 billion in property underneath administration, is investing capital into Litmus from what it calls its “Credit score Alternatives technique”, which, it says, has already deployed $2.2 billion in and across the media and leisure house since 2018.
Carlyle World Credit score is one in every of three platforms (alongside World Non-public Fairness and World Funding Options), operated by funding agency Carlyle, which had $376 billion of property underneath administration as of June 30, 2022.
Carlyle was beforehand an investor in Scooter Braun’s Ithaca Holdings, previous to its $1 billion acquisition by HYBE in February final 12 months. Carlyle exited its place within the acquired firm.
“I’ve had the distinctive privilege of working with music creators all through my profession, and I imagine the whole lot I’ve completed so far has ready me for this second.”
Monti Olson mentioned: “I’ve had the distinctive privilege of working with music creators all through my profession, and I imagine the whole lot I’ve completed so far has ready me for this second.
“I’m humbled that my pals Dan and Hank have requested me to affix them in constructing a world class music rights firm, and I thank Matt and everybody at Carlyle for his or her belief in me and their perception within the energy of music.”
“His ardour for music, deep trade data and relationships, enterprise expertise and integrity are valued by the complete crew.”
Hank Forsyth and Dan McCarroll, Litmus
Forsyth and McCarroll added: “Monti has been a trusted good friend and colleague for many years.
“His ardour for music, deep trade data and relationships, enterprise expertise and integrity are valued by the complete crew. We’re so grateful he has chosen to affix us on this thrilling journey as the subsequent chapter of his profession.”
Matt Settle, Managing Director with Carlyle World Credit score, mentioned: “We’re happy to welcome Monti to the Litmus crew.
“He brings important trade experience that may construct on and complement the crew’s expertise, which we imagine will function a differentiator for Litmus’ success.”Music Enterprise Worldwide
Picture Supply : www.musicbusinessworldwide.com – https://www.musicbusinessworldwide.com/monti-olson-to-lead-music-rights-acquisitions-in-new-role-as-president-at-500m-backed-litmus-music/
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