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BMG has promoted Daniel Fernandes to the function of Basic Supervisor, Brazil.
Fernandes joined BMG in 2022, after a four-year stint at Brazilian file label Som Livre (acquired by Sony Music Entertainment final 12 months), the place he labored in music publishing evaluation and A&R.
In his new function, he succeeds Jasmina Zammit, who’s transitioning to a Berlin-based function overseeing Latin America and Rising Markets for BMG, in accordance with her LinkedIn profile.
Fernandes will lead BMG’s Sao Paulo-based group, and can “collaborate intently” with Julio Vieira, Vice President of Finance & Operations for Latin America (Latam), BMG stated in an announcement.
“I thank Jasmina for her belief and am trying ahead to working with our wonderful Brazilian roster and to additional develop our native catalog,” Fernandes stated in an announcement. “The chance to steer BMG Brazil’s group is each an honor and a privilege and I’m thrilled and excited in regards to the journey forward.”
Zammit added: “I’m very pleased with the idea we now have constructed over the previous 5 years, however now it’s time to have an area elevate the enterprise to the following stage. Daniel has an excellent ardour for music, glorious management abilities and an in depth community, so I’m delighted that he has accepted this place.”
According to Professional-Música, the business group representing Brazilian file labels, the nation’s recorded music business grew for a sixth 12 months in a row in 2022, with revenues up 15.4% YoY to BRL 2.536 billion (USD $489 million).
That progress was robust sufficient to return Brazil to the highest 10 largest recording music markets on the planet, rating No. 9 in 2022, behind Canada (No. 8) and forward of Australia (No. 10), according to IFPI’s International Music Market Report 2023.
BMG launched its Sao Paulo operations in 2016, initially specializing in managing current repertoire. It has since developed its personal native signing technique, and now presents music publishing and recording below one roof.
Immediately, BMG represents the música sertaneja catalog of Brazilian music administration firm Workshow, and has signed writers and producers similar to Zeeba, Johnny Hooker, Rincon Sapiência, Tropkillaz, Umberto Tavares, Jefferson Junior and Mu540.
“I thank Jasmina for her belief and am trying ahead to working with our wonderful Brazilian roster and to additional develop our native catalog.”
Daniel Fernandes, BMG
On the recording facet of its enterprise, BMG in Brazil has signed offers with distinguished artists similar to Zeeba, Tuyo, Henrique e Diego and Latin Grammy-nominated ÀTTØØXXÁ.
BMG saw its global revenues rise by 11.5% YoY within the first half of 2023, hitting EUR €414 million. Its working EBITDA jumped by 22.6% YoY, to €90 million.
“I’m very pleased with the idea we now have constructed over the previous 5 years, however now it’s time to have an area elevate the enterprise to the following stage.”
Jasmina Zammit, BMG
As MBW reported in September, recently-appointed CEO Thomas Coesfeld reorganized the corporate’s distribution infrastructure, taking digital/streaming distribution in-house and ending a seven-year recorded music distribution relationship with Warner Music Group/ADA.
In October, it was revealed that the corporate reorganized its international construction in pursuit of Coesfeld’s objective for BMG to develop into “extra environment friendly and more practical.” The transfer resulted in round 40 job cuts, or some 3% of world workers.Music Enterprise Worldwide
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