You will be redirected back to your article in seconds

Todd Boehly’s Valence Media Shakes Up Sales Teams for Billboard, THR, Other Divisions

Less than a month after investor Todd Boehly merged the Billboard-Hollywood Reporter Group with other entertainment assets, the new company has made several staffing changes in its sales and marketing strategy ranks.

The new entity, called Valence Media, combines the Billboard-Hollywood Reporter Media Group with two other companies in Boehly’s portfolio: Dick Clark Prods. and entertainment production company Media Rights Capital. The company has put a $3 billion price tag on the value of the combined assets.

Since the formation of Valence, personnel changes have included the layoffs of at least three employees in the Billboard group, while Valence Media has hired four new staffers to manage brand partnerships across the company.

The new structure was instituted by Moksha Fitzgibbons (pictured above), who joined Valence Media this month as group chief revenue officer. Fitzgibbons previously was chief revenue officer of Complex Media (now owned by Verizon and Hearst), where he had worked since 2002. In the newly created role at Valence, he is tasked with building and creating ad products, services and packaging across Billboard/THR, DCP and MRC.

Those laid off included three execs in the Billboard Media Group: Kelly Watson, senior VP, programming/brand experience; Randy Bookasta, VP, industry relations and content development; and Zion Liu, associate director of brand programming. All three were formerly with SpinMedia, which Billboard-THR acquired in December 2016 to obtain digital-media brands Spin, Vibe, and Stereogum.

The four new Valence Media hires, who will work across all of the company’s properties, are: Mike Van, VP of brand partnerships, in L.A.; Stephen Eleby, director of brand partnerships, Chicago; Sara VanVooren, director of brand partnerships, Detroit; Marinelle Carino, director of brand partnerships, San Francisco; and junior executive assistant Kader Ampka Jr.

Fitzgibbons reports to John Amato, CEO of the Billboard-Hollywood Reporter Media Group, and DCP CEO Mike Mahan.

Boehly is chairman of Valence Media, which combines media and entertainment assets owned by his holding company Eldridge Industries. Valence is being run by Asif Satchu and Modi Wiczyk, co-founders and co-CEOs of MRC.

More Music

  • Viola Davis, Chadwick Boseman Starring in

    Viola Davis, Chadwick Boseman Starring in 'Ma Rainey's Black Bottom' for Netflix

    Viola Davis and Chadwick Boseman will star in the movie adaptation of the play “Ma Rainey’s Black Bottom” for Netflix. George C. Wolfe (“Lackawanna Blues”) will direct from a script by Ruben Santiago-Hudson, based on the award-winning play by August Wilson. Other cast include Glynn Turman, Colman Domingo (“If Beale Street Could Talk”) and Michael Potts. Denzel [...]

  • 'Dreamgirls' Uk Premiere at the Odeon

    Mathew Knowles Says Beyonce's Career Benefited, Kelly Rowland's Suffered From Skin Tone Bias

    Beyonce’s father, Mathew Knowles, addressed the perceptions of skin tone outside of and even within the African American community in an interview with SiriusXM, saying that his daughter’s career was “affected” by her lighter skin, and that the effect might have been the opposite for Destiny’s Child bandmate Kelly Rowland. In the interview with “The [...]

  • Vivendi Chairman of the Supervisory Board

    Vivendi Delays Projected Universal Music Sale Date

    Yannick Bollore, chairman of the supervisory board of Universal Music Group parent company Vivendi, delayed the projections for the sale of UMG by around six months in a interview today. He said Vivendi is “not in a hurry” to wrap the sale and is “very confident” it will find the right partner to purchase up [...]

  • Riverdale Alladin Avengers Endgame

    'Avengers: Endgame,' 'Riverdale,' 'Aladdin' Top 2019 Teen Choice Award Nominations

    The nominations for the 2019 Teen Choice Awards have been revealed, and voting has opened for the top movies, TV shows and music that has dominated the last year. “Avengers: Endgame” and “Aladdin” are the top contenders in the movie category with nine and five nods, respectively. In TV, “Riverdale,” “The Flash” and “Shadowhunters” each [...]

  • Processed With Darkroom

    Concert Review: Billie Eilish Mesmerizes New York Audience on a Suitably Spooky Night

    It’s hard to imagine a more idyllic setting for a concert by music’s fastest-rising star than an open-air, rooftop venue beside New York’s East River, with the Brooklyn and Manhattan Bridges illuminated behind the stage and stunning panoramic views of the harbor and the city everywhere else. It’s mid-June, school is about to let out [...]

  • Big Deal Music Names Jamie Cerreta,

    Big Deal Music Names Jamie Cerreta and Casey Robison Co-Presidents

    Big Deal Music Group today announced a series of promotions among its senior staff, naming Jamie Cerreta and Casey Robison (pictured above, right and left) co-presidents. The announcement comes from Kenny MacPherson, who is assuming the new role of Chief Executive Officer. All three executives will continue operating out of the company’s Los Angeles headquarters. [...]

  • Camila Cabello

    Camila Cabello Reveals Podcast Obsessions, Teases New Album at Cannes Lions

    Camila Cabello was the featured speaker at a Tuesday afternoon panel at Cannes Lions, the annual gathering of marketing, design and entertainment professionals in the south of France. Joined by Spotify chief content officer Dawn Ostroff, the talk, moderated by Variety editor Shirley Halperin, was centered around the theme of the golden age of sound [...]

More From Our Brands

Access exclusive content