Former Sony Entertainment chief Michael Lynton is joining the Warner Music board of directors as non-executive chairman, a source close to the situation confirmed to Variety. The news was first reported by Music Business Worldwide.
The decision was ratified at a board meeting before during Grammy week, the source said; an official announcement is expected soon, once the 8K and other details are finalized.
Lynton, who is currently chairman of Snap, is one of 11 board members including Access Industries founder and Wmg owner Len Blavatnik, Wmg CEO Steve Cooper, and the company’s CEO of recorded music Max Lousada, along with Axel Springer CEO Mathias Doepfner, economist Noreena Hertz. He will serve in a non-executive role and his participation is expected to be advisory.
Wmg is coming off of a strong 2018, in which its revenue exceeded $4 billion for the first time in company history, it announced in its earnings report in December.
The decision was ratified at a board meeting before during Grammy week, the source said; an official announcement is expected soon, once the 8K and other details are finalized.
Lynton, who is currently chairman of Snap, is one of 11 board members including Access Industries founder and Wmg owner Len Blavatnik, Wmg CEO Steve Cooper, and the company’s CEO of recorded music Max Lousada, along with Axel Springer CEO Mathias Doepfner, economist Noreena Hertz. He will serve in a non-executive role and his participation is expected to be advisory.
Wmg is coming off of a strong 2018, in which its revenue exceeded $4 billion for the first time in company history, it announced in its earnings report in December.
- 2/12/2019
- by Jem Aswad
- Variety Film + TV
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