Music Business News: United States

Jen Savitzky named Vice President of Finance, North America, at Warner Chappell Music

Savitzky will serve as a partner and advisor to the music publisher’s North American team

The Weeknd-backed personalized song creation firm, Songfinch closes $5m seed round

Songfinch reports to have paid out more than $5m to independent artists to date

Sonya McKinley named Director, Production & Metadata at Round Hill Records

McKinley will oversee all aspects of product operations and metadata management within Round Hill’s portfolio of labels

Marc Geiger’s SaveLive has raised $135m from investors including Shamrock Capital

Investors include Breyer Capital, Deep Field Asset Management, Raptor Group, and Shamrock Capital

Concord turned down a buyout offer of $5 billion, suggest Bloomberg sources

Concord is majority owned by Michigan Retirement Systems

Nuno Guerreiro promoted to Chief Technology Officer at Kobalt

The company’s previous CTO, Rian Liebenberg, is stepping down

From Universal’s unrecouped balance program to BMG’s $784m revenues: It’s MBW’s Weekly Round-Up

The biggest stories from the past week – and why they matter

Red Hot Chili Peppers receive Star on Hollywood Walk Of Fame

Merck Mercuriadis, who acquired the band's song catalog last year at Hipgnosis, pays tribute