Litmus Music Announces Music Rights Industry Veteran Monti Olson as Chairman
On the heels of its launch, Litmus Music announced that Monti Olson has joined as president. Olson will lead music rights acquisitions for Litmus, co-founded by Hank Forsyth and Dan McCarroll in partnership with Carlyle Global Credit, which initially committed $500 million in equity and debt.
Olson joins Litmus with over 20 years of music industry experience, most recently as Executive Vice President/Head of BMG Music Rights Music Publishing North America, where he led the national market division of music and was responsible for developing and executing its growth strategy and frontline/catalogue acquisition strategy and execution.
Olson previously served as senior vice president of A&R at Warner Bros. Records, Executive Vice President/Co-Head of A&R at Universal Music Publishing Group and Senior Vice President/Head of A&R at BMG Music Publishing. He is also co-founder of the famous vinyl reissue company Original Recordings Group.
“I’ve had the unique privilege of working with music creators throughout my career, and I believe everything I’ve done so far has prepared me for this moment,” Olson said. “I’m honored that my friends Dan and Hank have asked me to join them in building a world-class music rights company, and I thank Matt and everyone at Carlyle for their trust in me and their belief in the power of the music.”
“Monti has been a trusted friend and colleague for decades,” Forsyth and McCarroll say. “His passion for music, deep industry knowledge and relationships, business experience and integrity are valued by the entire team. We are so grateful that he has chosen to join us on this exciting journey as his next chapter of his career.”
Matt Settle, Managing Director of Carlyle Global Credit, said: “We are delighted to welcome Monti to the Litmus team. He brings significant industry expertise that will build on and complement the talent of the team, which we believe will serve as a differentiator for Litmus. Hit.”
Having operated at the highest levels of the music industry, the founding members of Litmus have collectively maintained deep ties with record labels, distributors, artist managers and the artists themselves. Olson’s addition to the Litmus team furthers its mission of creating value for artists and investors through thoughtful music management.