RENZER PUBLISHING CHIEF AT UNIVERSAL.Byline: Evan Pondel Staff Writer Universal Music Group named David Renzer chairman and chief executive of its publishing division Friday, a move that the company says will help elevate el·e·vate tr.v. ele·vat·ed, ele·vat·ing, ele·vates 1. To move (something) to a higher place or position from a lower one; lift. 2. To increase the amplitude, intensity, or volume of. 3. a label already home to such acts as U2. Renzer, 45, has been with Universal Music Group for eight years, most recently serving as president of the publishing division. Prior to Universal, Renzer worked as a senior vice president and general manager at Zomba Music Publishing The contractual relationship between a songwriter or music composer and a music publisher, whereby the writer assigns part or all of his or her music copyrights to the publisher in exchange for the publisher's commercial exploitation of the music. . ``This move is a reflection of his hard work. He is well respected in the industry, and he runs a very profitable business,'' said Brian Mulligan mul·li·gan n. A golf shot not tallied against the score, granted in informal play after a poor shot especially from the tee. [Probably from the name Mulligan.] Noun 1. , former chief financial officer of The Seagram Company who worked with Renzer when the beverage company owned Universal Music Group. Mulligan, now working for a private equity firm, said Universal Music's publishing division is among the most prolific in the industry. And Renzer is a ``very solid citizen'' at the company. Renzer's job doesn't necessarily change at the Los Angeles-based publishing group, but his newly created title takes effect immediately. The executive will report directly to Zach Horowitz, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Universal Music Group, a subsidiary of media conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. Vivendi Universal. ``David has presided over a period of remarkable growth for Universal Music ... and this promotion recognizes his dedication,'' Horowitz said in a statement. In the music business, publishing represents a little more than 10 percent of the revenue pie. Every time a song is played on the radio, publishing is the segment of the business that gets paid. However, with piracy piracy, robbery committed or attempted on the high seas. It is distinguished from privateering in that the pirate holds no commission from and receives the protection of no nation but usually attacks vessels of all nations. affecting CD sales - the biggest revenue driver in the business - labels may become increasingly more dependent on the publishing side. ``It's a challenging time in the business. And a lot of companies are looking to new relationships between consumers and the music,'' said Gigi Johnson, executive director of the Entertainment and Media Management Institute at the University of California, Los Angeles UCLA comprises the College of Letters and Science (the primary undergraduate college), seven professional schools, and five professional Health Science schools. Since 2001, UCLA has enrolled over 33,000 total students, and that number is steadily rising. . Evan Pondel, (818) 713-3662 evan.pondel(at)dailynews.com CAPTION(S): photo Photo: (color) RENZER |
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