Monti Olson to lead music rights acquisitions in new role as President at $500m-backed Litmus Music

Monti Olson joined Litmus Music as President.

Launched earlier this month, New York-based Litmus, co-founded by Hank Forsyth and Dan McCarroll in partnership with Carlyle Global Credit, initially committed to invest $500 million in both equity and debt.

In a press release announcing the launch, Litmus said it plans to “purchase and manage music rights, including music publishing and music recording, across genres and regions.” logic and color”.

As Chairman, Olson joins the founding team and will lead the music rights acquisitions for the company.

He joins Litmus with over 20 years of experience in the music industry.

Olson was most recently Executive Vice President/Director BMG Music Rights Music Publishing North America, where, according to the announcement announcing his appointment, “he led the division in the domestic music market and was responsible for the development and execution of growth and strategy strategies. top acquisition strategy/category and execution”.

Olson previously served as Senior Vice President of A&R at Warner Bros. Profile, EVP / Head of Department of A&R at Popular music Publishing team and Senior Vice President/Head of Division of A&R at BMG Music Publishing.

He is also the co-founder of vinyl reissue company Original Recordings Group.

Carlyle Global Credit, yes 143 billion dollars in managed assetsis investing capital in Litmus from what it calls a “Credit Opportunity strategy” whereby it has been deployed 2.2 billion dollars in and around the media and entertainment space since 2018.

Carlyle Global Credit is one of three platforms (along with Global Private Equity and Global Investment Solutions), operated by investment firm Carlyle, that have $376 billion asset under management as of June 30, 2022.

Carlyle was formerly an investor in Scooter Braun’s Ithaca Holdings Group, before having $1 billion purchase by HYBE last February. Carlyle has left his position in the acquired company.

“I have had the unique privilege of working with music creators throughout my career and I believe everything I have accomplished so far has prepared me for this moment. .”

Monti Olson

Monti Olson said: “I have had the unique privilege of working with music creators throughout my career, and I believe that everything I have accomplished so far has prepared me for the future. me for this moment.

“I was humbled when my friends Dan and Hank asked me to join them in building a world-class music rights company, and I thank Matt and everyone at Carlyle for believing in me. and their belief in the power of music.”

“His passion for music, his extensive knowledge and connections in the industry, his business experience, and integrity are appreciated by the entire team.”

Hank Forsyth and Dan McCarroll, Litmus

Forsyth and McCarroll added: “Monti has been a trusted friend and colleague for decades.

“His passion for music, his deep industry knowledge and connections, business experience, and integrity are appreciated by the entire team. We are grateful that he chose to join us on this exciting journey as the next chapter in his career.”

Matt Settle, CEO 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 the differentiator for Litmus’s success.”Worldwide music business