Martin Bandier Signs Contract Extension at Sony/ATV Music
Martin Bandier has signed a contract extension as chairman and CEO of Sony/ATV Music Publishing, the company announced on Tuesday. Sources tell Billboard the contract is for three years at the leading publisher.
This deal ensures that Bandier and his staff remain stable, no matter the ownership of Sony/ATV. Late last year Sony Corp. invoked a buy-sell clause at the company jointly-owned by Sony Corp. and the Michael Jackson estate. Now both owners have hired investment bankers to come up with a valuation; and John Branca, who oversees the Jackson estate with John McClain, is said to covet sole ownership of Sony/ATV. Sources say Sony Corp. is a willing seller because of the complicated ownership structure of Sony/ATV.
Under Bandier’s leadership, Sony/ATV’s catalog has grown to over 3 million songs, including recent hits by Taylor Swift, Ed Sheeran, Hozier and Sam Smith. Its legacy writers include Bob Dylan, Carole King, Stevie Wonder, among others.
In a statement, Bandier said he was "thrilled" to continue his role at Sony/ATV, which he has led since 2007 (following a 17-year run at EMI Music Publishing).
"Since my arrival, we have become the No. 1 music publisher and I am proud to say we represent many of the world’s best-loved songs alongside some of its greatest songwriters," Bandier said. "I would like to thank Sony and John Branca and John McClain, the co-executors of the Estate of Michael Jackson, for their support and confidence in me, and I am looking forward to sharing many more successes with them over the next few years."
Sony Entertainment CEO Michael Lynton remarked, "Since he first joined in 2007, the company has reached amazing heights, and we expect that it will continue to flourish under his guidance."