Ben Katowski has been appointed President and Chief Operating Officer of Hypnosis Song Management, which reports directly to the firm’s CEO, Merck Mercuridis.
Katowski will lead the day-to-day operations of the business, overseeing the maximization of opportunities for Hipgnosis’s administered catalog, as well as strategic initiatives such as the development of Hipgnosis’ proprietary technology and data platform.
Katowski has nearly two decades of experience working in the music industry, with particular expertise in the commercial and operational management of music catalogs.
Most recently, Katowski was chief operating officer at BMG, where he spent seven years, a role he left earlier this year.
Katowski will assume his new position with Hypnosis on October 1, 2022.
Hipgnosis Song Management is the investment advisor (and catalog manager) for two funds: the publicly listed Hipgnosis Song Fund, and the Blackstone-backed private fund, Hipgnosis Song Capital.
Today’s news comes as Hipgnosis races to buy the Pink Floyd back catalog through a private Blackstone-backed fund.
Other companies still in the bidding process for the Floyd catalog are Sony Music, Warner Music, BMG and Primary Wave. source of FT – which suggest that the band is seeking GBP £400 million or more for their rights bundle.
Commenting on the appointment Ben Katowski, CEO of Merck Mercuriadis and founder of Hypnosis Song Management, said: “We’ve had an incredible four years at Hypnosis Song Management but we’re still just getting started.
“I don’t think there’s anyone better than Ben Katowski to help us reach the goals we’ve set for Hypnosis. He has all the qualities of leadership, innovation and ambition and has taken song management to a new paradigm.” We believe in our mission to establish themselves as songwriters, as well as use our success to advocate for songwriters.
“I am delighted to welcome him to the Hypnosis family as our President and COO and look forward to a long rewarding relationship.”
“I don’t believe there’s anyone better than Ben Katowski to help us reach the goals we set for Hypnosis.”
Merck Mercuridis, Hypgnosis
Ben Katowski, President and Chief Operating Officer of Hypnosis Song Management Ltd., said: “What Merck has built into Hypnosis in such a short period of time is truly incredible. Equally remarkable though is the ambition to further this success and the songwriters and artists involved. There is an equally obsessive desire to create even more opportunities.
“As someone who has always liked to be at the fore of innovation in our industry, I am incredibly excited to be working with Merck and the Hypnosis team to further this ambition and ensure For that our extraordinary and growing list enjoys the legacy it so much deserves.”
With Katowski joining Hipgnosis Song Management, Ted Cockley – currently the President of Hipgnosis – becomes Chief Music Officer at the company.
Cockle will oversee marketing, sync and promotion, as well as relationships with Hypnosis’s songwriters, artists, managers, and digital service providers.
To date, the billion-dollar-backed privately funded vehicle that Hipgnosis has tied up with Blackstone has received copyrights and/or income streams from the likes of Leonard Cohen, Justin Timberlake and Nelly Furtado.
The fund recently began offering nine-figure bonds, as its 950 songs were independently valued at USD. $341.0 million.worldwide music business