The Warner Music Group top digital guru Michael Nash is leaving the company and will be replaced by Stephen Bryan, who has been promoted to executive VP of digital strategy and business development for recorded music.
Bryan, who recently served as senior VP of digital business development, will report to WMG chairman and CEO of recorded music Lyor Cohen, who in a memo to employees said the new top digital executive have discussed the company's digital vision at length and are on the same page. In that memo, Cohen noted that the company's "digital business has grown to the point that we need to fully integrate digital strategy into our recorded music operations. That will require that we all work even more closely together, so that our digital team is standing on the front lines of our business, along with our labels and operations. "
Meanwhile, WMG chairman Edgar Bronfman Jr. noted in a statement that under the guidance of Nash, the executive VP of digital strategy and business development, that the company's digital revenue has grown from nothing to nearly 35% of worldwide revenue. "Stephen Bryan has been here every step of the way as a key member of our team and he is now perfectly positioned to take the digital business forward and drive even greater integration with our recorded music operations," Bronfman said in a statement.
Nash, whose resignation is effective Sept. 30, said in a statement that this time marks "a natural point in the evolution of our business for me to pass the mantle of leadership to Stephen." Bryan holds a bachelor degree from Vanderbilt University and an MBA degree from the Wharton School of Business at the University of Pennsylvania.
Prior to joining WMG as senior VP in 2000, Nash was executive director of the Madison Project, an early industry initiative aimed at setting up a secure digital music distribution trial in 1999. Prior to that he was CEO and founder of Inscape, an interactive entertainment and games publishing joint venture with WMG and HBO.