Warner Chappell will oversee the catalog's global rights administration, copyright protection, and sync licensing across film, television, and video games.
If the FTC wins, ticketing companies that run their own resale marketplaces could be held liable for reselling tickets they knew, or should have known.
The ruling does not put a number on what Corcoran owes, but representatives for Chance say he is likely to forfeit up to $1.5 million in management fees.
Pipeline is the $200 million-backed financing platform for the music and creative industries that launched in January through Matt Spetzler's investment firm Jamen Capital.