WMG's net income was off 34% compared to the year-ago quarter, which had an extra week.
The label that developed Migos, Lil Baby and others will now fall under HYBE America and the leadership of CEO Scooter Braun.
Bardin arrives from Celonis, but previously spent 16 years at Google and YouTube.
The event, which features performances from many of the label's emerging artists, also featured trailers for documentaries on Donna Summer, Paul McCartney and Jon Batiste.
The Berlin-based label signed Freeze Corleone knowing UMG had dropped him, making a deal with him to keep it hidden.
The majors have been on a signing spree, leaving product managers and marketers overworked.
Label president David Bither on having scored the most nods in its 59-year history with projects in more than a half-dozen different genres.
While the format’s popularity pales next to vinyl, it's enjoyed a 443% sales increase in the last seven years – good news for a small number of manufacturers.
The newly created role follows EMPIRE's acquisition of the dirtybird label last fall.
Montejo replaces Adriana Restrepo, who joins the leadership team of IFPI.
