Thomas Scherer, John Loeffler, Jon Loba and Kos Weaver (clockwise from top left)
Citing “surging growth,” BMG is restructuring its U.S. operations, and splitting into three divisions based out of NEW YORK, LOS ANGELES, and NASHVILLE, effective TUESDAY, JANUARY 1st, 2019. Each of those three key offices will enjoy the same status as countries such as the U.K. and GERMANY, according to a press release, with all reporting directly to worldwide CEO HARTWIG MASUCH.
JOHN LOEFFLER and THOMAS SCHERER have been promoted to EVP/Repertoire & Marketing in NEW YORK and LOS ANGELES, respectively. LOEFFLER’s duties including overseeing S-CURVE RECORDS. In NASHVILLE, BBR MUSIC GROUP EVP JON LOBA and BMG NASHVILLE EVP KOS WEAVER will formally take joint control of the company’s publishing and recorded music operations. Current BMG US Pres./Repertoire & Marketing ZACH KATZ will step down from the company at the end of the year in order to take up a new role in early 2019.
LOEFFLER joined BMG in 2009 as a consultant following the purchase of CHERRY LANE RECORDS. SCHERER has been with BMG since 2008, and previously served as EVP/FRONTLINE PUBLISHING, U.S. and Global Writer Services. WEAVER joined BMG to run its NASHVILLE publishing operation in 2013. LOBA joined BMG in 2017 following the company’s acquisition of BBR MUSIC GROUP. He will continue to oversee BBR MUSIC GROUP’s Country imprints: BROKEN BOW RECORDS, STONEY CREEK RECORDS, and WHEELHOUSE RECORDS.
MASUCH said, “The U.S. represents more than 50% of BMG’s business. To give you a sense of scale, if it was a country, our LOS ANGELES operation would be our biggest territory some way ahead of the U.K., NASHVILLE would be our third biggest territory just ahead of GERMANY, and NEW YORK would be sixth biggest, just behind FRANCE. Putting this new structure in place will empower local management and enable us to better deliver our mission of offering artists and songwriters a genuine alternative to the established companies.”
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