Position Music, an independent publisher, record label, and management firm now distributed by Virgin Music Group, has appointed Jay Moore as its Vice President, Head of Investments.
Position’s President and CEO, Tyler Bacon, made the announcement on Wednesday (March 6).
Moore brings a wealth of experience to his new role, having served as Chief Investment Officer at Ditto Music and Senior Director, Investments & Office of CEO at Kobalt Music.
With a track record of valuing significant publishing and label deals exceeding $1 billion, Moore is well-positioned to lead analysis for frontline label and publishing signings as well as catalog acquisitions at Position Music, the company said.
In his capacity as VP, Head of Investments, Moore will leverage his extensive network to source and secure deals within the industry’s marketplace.
“Jay is an important addition to the executive team as the amount of acquisitions and frontline deals have become more substantial over the last two years,” Bacon said in a statement.
“The ability to quickly analyze and price deals is a crucial piece of ultimately closing them. We are immediately seeing the benefit of his work in the current pipeline, along with the work he did on our recent Gesaffelstein acquisition. I’m thankful for our partners at Vesper Company who had worked with Jay in the past and helped bring him into Position Music.”
“Jay is an important addition to the executive team… I’m thankful for our partners at Vesper Company who had worked with Jay in the past and helped bring him into Position Music.”
Tyler Bacon, Position Music
Last year, Position sold a minority stake to private investment firm Vesper, whose founders were previously involved with another firm that invested in Kobalt Music.
Commenting on his appointment, Moore said, “I’m excited to be joining Position, one of the few remaining independents of its size and depth in the industry. The evolution and sustained growth of the company, while never wavering from its songwriter and artist-first approach, has been both impressive and inspiring.
“As the Gesaffelstein catalog acquisition marks the beginning of a meaningful new chapter for Position, I’m honored to be a part of its continued mission and scale the business further to its potential as a leader and creative force in music.”
“As the Gesaffelstein catalog acquisition marks the beginning of a meaningful new chapter for Position, I’m honored to be a part of its continued mission and scale the business further to its potential.”
Jay Moore, Position Music
Position Music announced it had acquired part of the publishing catalog of French artist, DJ and producer Gesaffelstein about two weeks ago. Position will own and administer the publishing rights of Gesaffelstein’s catalog prior to his deal with Sony Music Publishing. The catalog includes the French DJ and songwriter’s breakout 2013 debut album Aleph.
With Moore’s appointment, Los Angeles-headquartered Position Music’s team now comprises 45 dedicated professionals.
Founded in 1999, the company runs a music label, offers artist management services and specializes in publishing as well as sync. It has steadily grown its presence, representing a diverse roster of artists including Jordan Suaste, NoMBe, Kid Bloom, and more.
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