Downtown Music Holdings (DMH), recognized as the world's largest independent provider of services to the global music industry, has announced the successful completion of its integration strategy. This strategic move involves merging all its business-to-business and creator-focused operations into a single entity, Downtown Music. The integration notably includes the merger of CD Baby's operations into Downtown Music, thereby broadening access to Downtown's comprehensive suite of services for the entire global music industry.
Currently, Downtown supports an impressive roster of over 4 million artists and 5,000 business clients across 150 countries. These clients collectively generated over 1.5 trillion streams on major streaming platforms in 2023, a testament to the company's significant influence in the music industry. Furthermore, Downtown clients were awarded nearly 30% of the accolades at the 2024 GRAMMYs, highlighting the company's pivotal role in fostering talent and innovation in music.
As part of this integration, Pieter van Rijn has been appointed as the CEO of Downtown Music, reporting directly to Andrew Bergman, CEO of Downtown Music Holdings. Van Rijn, who is based in Amsterdam and New York, brings a wealth of experience and a distinguished leadership track record within the organization and the broader industry. His previous roles include serving as Group President of Downtown Music and CEO of FUGA, which was acquired by DMH in 2020. Van Rijn's appointment to the Downtown Music Holdings board in 2023 further underscores his integral role in the company's growth and strategic direction.
Andrew Bergman expressed enthusiasm about the integration and van Rijn's leadership, stating, 'The integration of all of our products and services under the Downtown Music umbrella alongside Pieter's stewardship is a truly energizing moment in our journey. We bring together all the critical services that creators and businesses need to navigate the modern music industry.'
Pieter van Rijn also shared his perspective on this milestone, remarking, 'This is an extraordinary time for Downtown Music as we enter this next phase as a fully unified operating company. The thousands of businesses that we support at Downtown Music and the millions of trusted creators at CD Baby will now benefit from our industry-leading suite of tools and services within a single organization.'
Downtown Music, operating under Downtown Music Holdings, stands as the world's leading music services company, boasting over 2 million clients in more than 145 countries and a catalog of over 38 million music assets across various genres and languages. The company's extensive service offerings cater to creators and businesses across all facets of the music industry, including music creation, publishing distribution, marketing, royalty collection, financing, accounting, and payment services. This integration marks a significant step forward in Downtown Music's mission to streamline and enhance the services it provides to the global music community.
