Hitco Close to Hiring SONGS Business & Legal Affairs Head David Gold: Sources

Hitco, the new music outfit founded by former Epic Records chairman/CEO Antonio "L.A." Reid and industry veteran Charles Goldstuck, is close to making a key new hire, sources tell Billboard: David Gold, who served as head of business and legal affairs for SONGS Music Publishing since 2015.   

If the deal is finalized, Gold would join a staff of about 30 at Hitco, up from 25 this winter, including executive VP/general manager Kirdis Postelle.

Hitco has about 15 acts on its roster including Big Boi, whom Reid had signed as part of OutKast to LaFace Records in the '90s. But the bulk are newer acts, sources say.

SONGS announced in December it had sold its catalog to Kobalt Capital’s fund, and its other top executives have already landed in high places: Ron Perry is now running Columbia Records; Carianne Marshall is in a newly created COO role at Warner/Chappell Music Publishing and SONGS founder Matt Pincus is working as a special advisor to Snapchat and executive in residence at investment bank LionTree, which had helped him sell SONGS.

Neither Hitco nor Gold could immediately be reached for comment.