Martin Bandier To Head Sony/ATV Publishing
February 27, 2007 at 5:47 AM (PT)
SONY CORP. OF AMERICA has been named MARTIN BANDIER Chairman/CEO of SONY/ATV MUSIC PUBLISHING LLC. As part of the agreement, BANDIER will also make an investment in SONY/ATV, which is co-owned by SONY and trusts formed by MICHAEL JACKSON.
BANDIER will report to CFO and EVP/Chief Strategy Officer ROB WIESENTHAL and also to Chairman/CEO SIR HOWARD STRINGER. BANDIER will join SONY/ATV effective APRIL 1.
"SONY/ATV MUSIC PUBLISHING has great assets, and also tremendous potential for growth and expansion," said BANDIER. "This move offers me the opportunity to participate in the growth of a major publishing entity and to build something in an entrepreneurial environment with a fantastic company."
"MARTY BANDIER is a true legend in the music industry. His experience and stature are unparalleled," commented WIESENTHAL. "We are delighted that he is joining SONY/ATV at this critical time in the music publishing industry. His proven track record of innovative and highly effective business strategies will help us to continue to build this company and result in meaningful upside for all involved."
"We are very excited to have MARTY take the helm at SONY/ATV in what we believe will be a transformative appointment," added STRINGER. "This sends a strong signal about how serious we are about music publishing and adds one of the most respected and accomplished executives in the music industry to our team. We expect MARTY to do what he does best, grow this business and take it to the upper echelon of the industry."
"I am thrilled that MR. BANDIER has agreed to become Chairman and CEO of SONY/ATV MUSIC PUBLISHING," said JACKSON. "MARTY has over 30 years' experience in the music publishing industry and not only brings with him a wealth of knowledge about the industry, but the vision and ability to take the company to new heights. I look forward to working with him."
BANDIER was named Chairman/CEO of EMI MUSIC PUBLISHING in 1989 after a merger between SBK, a company he founded, and THORN EMI. Under his leadership, the combined company became the world's largest and most successful music publishing company.