Downtown makes raft of government hires and promotions following Andrew Bergman’s appointment as CEO
Downtown Music Holdings has served three key leadership roles and promotions.
These are the first leadership changes under new CEO Andrew Bergman, who took over the role of Chief Executive last month, with founder Justin Kalifowitz assuming a new position as Executive Chairman of DMH.
Downtown says the new appointments are part of the company’s ongoing efforts to advance what it calls “operational and strategic alignment” after focusing solely on music services earlier this year.
Andrew Sparkler has been promoted to Chief Business Officer (CBO) from his previous position as Executive Vice President, Business Development, a newly created position.
Brad Yuan, most recently Senior Vice President of Operations, has been named Chief Operating Officer (COO).
Meanwhile, Loredana Cacciotti is moving from FUGA, a Downtown subsidiary, to Downtown Music Holdings to take on the role of Senior Vice President, Digital Licensing & Business Affairs.
Sparkler and Yuan will continue to report directly to Bergman, and Cacciotti will report to Chief Revenue Officer Dewayne Ector.
As Chief Business Officer, Sparkler is responsible for the overall business growth of Downtown across all of its customer verticals.
Since joining the company in 2014, Sparkler has played a key role in Downtown’s strategic growth and led the internal team responsible for evaluating potential acquisitions for the company.
He also played a pivotal role in securing publishing administration contracts on behalf of Downtown with Ryan Tedder, Phish, John Prine and Jason Isbell, among others.
A trained attorney, Sparkler held executive positions at ASCAP and was a practicing music attorney prior to his work in Downtown.
Yuan, who will take on the role of Downtown’s Chief Operating Officer who previously held Bergman, began his tenure as Global Head of Rights Management for Downtown subsidiary Songtrust.
Since joining the organization in 2018, he has played a key role in directing integration efforts related to Downtown M&A activities, including various organizational alignment initiatives and improving operational strategy and efficiency.
Yuan has been monitoring the COVID-19 response and downtown’s impact on various stakeholders and institutions.
London-based Cacciotti has been named Senior Vice President, Digital Licensing & Business Affairs. In this newly created position, Downtown will play a leading role in negotiating the commercial and legal aspects of licenses for the millions of tracks being managed by Downtown and its subsidiaries.
With almost 15 years of experience as a music lawyer, Cacciotti was most recently Head of Commercial Legal Affairs & Licensing for the Downtown subsidiary FUGA.
Since joining the company in 2016, she has managed and developed the Business Affairs department and played a central role in legal and commercial negotiations for all FUGA licenses with label customers and digital streaming providers (DSPs) worldwide.
“I am very proud of the breadth and depth of experience that is reflected in our management team.”
Bergman said, “I am very proud of the broad and deep experience of our leadership team.
“Andrew, Brad and Loredana’s promotions are recognition of the value they have brought downtown and their confidence in their ability to drive our growth strategy.
“They demonstrate an unwavering commitment to our vision of building a just global music industry and have the expertise to make that happen.”
Downtown currently manages more than 23 million music assets on behalf of over 1 million artists and corporate customers from 145 countries.
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