The firm’s purchase of more than 1,600 songs includes recordings by Aretha Franklin, Willie Nelson, Ike & Tina Turner, Curtis Mayfield and more.
Strong concerts and merchandise revenue helped the company overcome a slow period for recorded music revenue.
Atlantic Records was the initial label honoree at last year’s inaugural Hall of Fame Gala.
The former CMT senior vp will work with artists from all genres on development, booking, production and more.
"It is the honor of a lifetime to lead Billboard and the team," says Van, who has served as the brand's president since 2022.
Cumulus Media shares fell 16% after the company announced it would be de-listed from the Nasdaq exchange.
Also this week: More than 150 Canadian musicians come out against Conservative candidate Pierre Poilievre and two industry vets launch a company bridging Canada and Africa.
The Sphere Entertainment Co. subsidiary will also pay less to broadcast sporting events. In return, MSG Sports will receive warrants for a 19.9% equity stake in MSG Networks.
The European regulator is probing the competitive threat presented to "the music value chain" in The Netherlands and Austria.
The financial buyer of music catalogs may be “focused on the boring part of the business,” as co-founder Jeremy Tucker puts it — but it’s built a diverse, 15,000-song catalog.
