Matusch worked with WMG CEO Robert Kyncl at YouTube, where he served as managing director of strategy and business operations.
Bad Bunny and Harry Styles led Sony to big gains in current market share in 2022, while Republic's huge fourth quarter helped it end the year on an upswing.
Activist shareholder Dorothy Carvello, who says she was sexually abused at Warner-owned Atlantic Records in the 1980s, fell short of requirements in the company's bylaws.
Upbeat third-quarter results defied a mostly bleak earnings season for other sectors.
Carvello, a former Atlantic A&R exec turned activist, alleges she was sexually harassed and/or abused by Ertegun, then co-CEO/co-chairman Doug Morris and then-vp Jason Flom.
The Billboard Global Music Index is up 12.6% over the last two weeks and 14.6% in the five weeks since Oct. 28
Following Sony's lawsuit, one label source says "millions" in unpaid royalties are the issue. Triller denies this, saying the app is "reassessing" label deals.
Pico Cibelli spent more than a decade at Sony Music Italy and another 10 years at Universal Music.
WMG's newest CEO, YouTube veteran Robert Kyncl, joins the company on Jan. 1
WMG's fourth quarter revenues grew 16% overall on strong recorded music and publishing growth.
