London-headquartered unbiased music firm ATC Group has named Ric Salmon to the newly-created place of Chief Progress Officer.
In his new position, Salmon shall be a key a part of ATC’s technique to broaden internationally by way of acquisitions and partnerships, the corporate mentioned in an announcement on Thursday (March 20).
“Ric’s deep understanding of the music trade and the wants of artists makes him the best individual for this newly created position. We stay up for seeing the fast optimistic affect his appointment will undoubtedly have on the Group,” CEO Adam Driscoll mentioned.
Salmon has labored with ATC for a decade, representing artists reminiscent of Laura Marling, Glen Hansard, Trevor Horn, and Frank Carter. Notably, he co-founded live performance livestreaming firm Driift along with his ATC colleague Brian Message. ATC holds a 32.5% stake in Driift, and mentioned earlier this yr it had signed agreements to buy the corporate’s remaining shares.
Previous to his time at ATC, Salmon managed distinguished artists together with Morrissey and Seal by way of his administration firm Harvest Leisure, and held senior A&R roles at Sony Music, Ministry of Sound, and Warner Music Worldwide, the place he labored with the likes of Eric Prydz, Rod Stewart, Beverley Knight, The Corrs, and Boyzone, amongst others.
“These are thrilling instances at ATC. We’re constructing a brand new kind of world music firm, one with music administration at its core, however with scope to capitalize on new applied sciences and market innovation, and supply a complete vary of providers to assist artists attain their inventive and business potential,” Salmon mentioned.
“Amongst my obligations as Chief Progress Officer shall be to proceed to safe new acquisitions and partnerships that may broaden this full-service mannequin. I’m completely delighted to take up this new position, and to proceed working with such an outstanding group.”’
“We’re constructing a brand new kind of world music firm, one with music administration at its core, however with scope to capitalize on new applied sciences and market innovation…”
Ric Salmon, ATC Group
ATC Group reported a 107% YoY enhance in income in 2024, to GBP £50 million (USD $63.9 million). That was propelled partly by the corporate’s ongoing strategic acquisitions, which previously few years have included a 55% stake in Uncooked Energy Administration and a 60% stake in merchandise agency Sandbag.
The corporate has additionally signed a “cooperation settlement” with China-based music firm Trendy Sky, and launched a transatlantic music promotion firm known as Circa.
The corporate’s quickly rising scale has prompted it to research a possible itemizing on the London Inventory Change. The corporate is at the moment listed on the subscription-based alternate Aquis, the place it raised £4.1 million in its IPO in 2021.
ATC’s actions focus on three core segments: artist illustration (ATC Administration, Uncooked Energy Administration, ATC Stay), providers (Sandbag, Circa, Driift), and dwell occasions and experiences (ATC Expertise, Pleasure Leisure Group).
The corporate says it has gathered 860 purchasers, together with administration purchasers Nick Cave, PJ Harvey, The Smile, Sleaford Mods, and Yaeji. ATC Stay books exhibits for over 570 purchasers, together with Amyl & The Sniffers, Huge Thief, Black Pumas, English Instructor, Faye Webster, Fontaines D.C., Good Neighbours, Jungle, Nick Cave & The Unhealthy Seeds, PJ Harvey, and The Lumineers, amongst others.Music Enterprise Worldwide
