Exec helped company acquire high-profile assets
NEW YORK — Chrysalis Music North American prexy Leeds Levy confirmed Tuesday that he will ankle his post after six years at the London-based music publishing company.Exec didn’t give a reason for his departure, though his contract is up in November, and he is said to be mulling offers from other publishers and record labels. Chrysalis is mounting an executive search to replace him. Chrysalis has grown financially on Levy’s watch, improving revenues by 40% and swinging into the black after a year of losses. He helped bring several high-profile publishing assets into the fold, including the Elvis Presley catalog, Sugar Music (home to Andrea Bocelli) and film music catalog Bamboo Tattoo. Prior to joining Chrysalis, Levy ran his publishing shingle Leeds Entertainment, which was home to songs recorded by acts like Madonna and Faith Hill. He also founded direct- and online-marketing label Insomnia Records. Levy also served as prexy of MCA Music Publishing and oversaw music publishing assets of Elton John and Bernie Taupin.
Follow @Variety on Twitter for breaking news, reviews and more