Justin Kalifowitz
Ebru Yildiz
United States
2022

Downtown Music Holdings

Justin
Kalifowitz

Founder / Executive Chairman

At a time when publishers and investors were heavily pursuing music catalogs, Downtown ran the other direction last year when it sold its 145,000-song catalog to Concord for a reported $300 million, furthering the company’s transformation to become the dominant player in the label services field. The change in course fits well with Downtown’s development of royalties collector Songtrust and its acquisitions of distribution platforms Soundrop and CD Baby, as well as the swell of self-distributed artists who have blossomed in the digital music era. Downtown also secured a $200 million credit facility, enabling it to offer advances to partners. From its days as a New York-based publisher, the company has grown to a global entity that employs more than 600, servicing nearly 2 million clients across 145 countries and serving up a catalog of more than 23 million music assets. 

Career

  • Warner Records
  • Downtown Music Holdings
  • Spirit Music Group

Education

  • Baruch College (NY, USA)

Variety Honors

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News from Variety

Downtown Music Names Andrew Bergman CEO, Justin Kalifowitz Shifts to Chairman

Downtown Music Names Andrew Bergman CEO, Justin Kalifowitz Shifts to Chairman

Downtown Music Holdings has announced that its founder and current CEO Justin Kalifowitz will take on a new position as executive chairman, with current COO Andrew Bergman assuming day-to-day responsibilities as the company’s CEO. The move will become effective on September 1.According to the announcement, Kalifowitz, who has served as CEO since establishing the company more than 14 years ago, will continue to focus on driving strategic development, leading Downtown’s Board of Directors and working together with Bergman and the...

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