Robert Kyncl now a very real candidate to become the new CEO of Warner Music Group, say MBW sources

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Final month, MBW advised you to anticipate to listen to rumors that long-time Chief Enterprise Officer at YouTube, Robert Kyncl, might change into the brand new CEO of Warner Music Group.

At the moment, we’re telling you that these rumors are quick turning into a really actual chance.

As common readers of MBW will know, Warner Music Group’s present CEO, Steve Cooper, introduced in June that he was to go away that place in 2023.

Following that announcement, WMG began the official seek for Cooper’s successor. That search has been aided, MBW is advised, by The Up Group, whereas WMG’s personal search committee has included figures on the corporate board comparable to Ceci Kurzman and Michael Lynton.

An ever-slimming shortlist of potential / desired candidates is known, at numerous factors up to now few weeks, to have included the likes of Roger Lynch (CEO of Condé Nast, former CEO of Pandora), in addition to Jody Gerson (CEO & Chairman of Common Music Publishing Group), and Nancy Dubuc (CEO of Vice Media).

In the meantime, internally at Warner, Max Lousada (at present CEO, International Recorded Music, WMG) has been broadly seen as a lead candidate to succeed Cooper – although it’s unclear whether or not Lousada is inquisitive about stepping up right into a extra company function. Quick-rising Oana Ruxandra (at present Chief Digital Officer/EVP, WMG) can be thought of a potential candidate for the CEO place.

Nonetheless, what began as a murmur across the government search course of has been getting more and more loud these previous few days: Robert Kyncl is now the agency favourite to get the Warner Music Group CEO gig, with a number of supporters of the concept sitting on the WMG board.

It’s not a performed deal but, we hear. However as one supply put it “this might now actually occur, and it might occur quickly – issues are transferring quick”.

Kyncl introduced final month that he was leaving YouTube after 12 years with the corporate.

Confirming his departure from YouTube, Kyncl wrote on social media: “YouTube is a superb place to be at, and an ideal place to be from!

“After 12 unimaginable years, I’ve determined to maneuver on to the following problem quickly.

“Working alongside creators, artists, media and music firms to rework media has been a privilege.”Music Enterprise Worldwide

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Written by: soft fm radio staff

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todaySeptember 19, 2022

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