Launched by Sam Koch and former Republic Records exec David Nathan, the label will put a major focus on the well-being of its boutique artist roster.
"Open up your doors to creators and allow them to bring the positive tension this industry desperately needs."
The Puerto Rican hitmaker, who scored a smash with last year's "Me Porto Bonito" with Bad Bunny, is prepping the release of his solo debut album on the label.
Releases by Tomorrow x Together and Seventeen helped offset a sharp drop in concert revenue for the K-pop giant.
The deal is rumored to be valued at $50 million.
A recap of the second of three days of the gathering of industry leaders.
The Los Angeles-based executive on how he helped developed Mexican music's new star: "I always tried to mix hip-hop and regional Mexican."
Streaming revenue, given a boost from hits by Miley, SZA and others, boosted recorded music and publishing revenue in a record-setting year.
Growth in first quarter coming largely from investments and paid streaming overseas, especially in Asia Pacific and Latin America.
Val Blavatnik has served in roles at LionTree, TV production company Eden Productions and previously worked in the music industry as an artist manager.
