The convergence of music and gaming worlds turns into extra fascinating on daily basis.
This week, it’s been confirmed that Zach Katz – former President of BMG within the US, and former CEO of Raised In House – is becoming a member of FaZe Clan as President and COO.
The information comes two months after MBW revealed that Katz had joined FaZe Clan’s board, the place he sits alongside the Chairman of that board, Lee Trink.
Trink, additionally FaZe Clan’s CEO, additionally has a music trade background: he’s the one-time President of EMI Capitol Music Group, and a former Common Supervisor of Virgin Data.
As President and COO of FaZe Clan, Katz will now report back to Trink.
For these unfamiliar with its story, FaZe Clan is primarily an eSports media platform based mostly within the US.
It represents skilled gaming ‘clans’ throughout a number of interactive leisure titles together with Name of Responsibility, Counter-Strike: World Offensive, PlayerUnknown’s Battlegrounds, Tom Clancy’s Rainbow Six Siege, FIFA, Valorant, Fortnite Battle Royale and Rocket League.
As a media firm, it has some attain: FaZe Clan’s YouTube channel, for instance, has practically 9 million subscribers and over a billion video performs.
FaZe Clan, which additionally runs a profitable complement division, just lately introduced plans to go public by way of a merger with a US-based SPAC: B. Riley Principal 150 Merger Corp.
The mixed firm is predicted to have an implied fairness valuation of roughly $1 billion inclusive of practically $275 million in money on its steadiness sheet. The merger is predicted to shut by the tip of July.
Zach Katz will now oversee FaZe Clan’s content material, expertise, merchandise, client items, sponsorships and eSports companies.
“FaZe Clan sits on the intersection of gaming, creator financial system and tradition, all of which we consider is main the expansion of Web3,” says Lee Trink, CEO of FaZe Clan.
“FaZe Clan sits on the intersection of gaming, creator financial system and tradition, all of which we consider is main the expansion of Web3.”
Lee Trink, FaZe Clan
“We’re squarely centered on constructing the longer term and by including Zach to our workforce, we’re gaining a confirmed chief who has in depth expertise in working with modern, cultural manufacturers.
“By means of my longstanding relationship with Zach, I belief that he’ll assist catapult our firm into the subsequent section of progress, and produce operational excellence to FaZe as we turn into a public firm.”
Stated Katz: “Constructing on FaZe Clan’s management in youth tradition, our objective is to additional push the boundaries of gaming to drive innovation in leisure.
“I can’t think about a extra thrilling second to hitch FaZe Clan’s passionate workforce and group.”
Katz started his profession as a music lawyer, then moved into music administration, representing outstanding artists, producers and songwriters.
From there, he co-founded and served as CEO of the document label and music publishing firm Beluga Heights which partnered with Sony Music, and later, Warner Brothers Data.
Katz additionally served as Government Vice President, Chief Artistic Officer, after which President of Data, Publishing and Operations of BMG earlier than co-founding and serving as CEO of music-tech funding fund Raised In House Enterprises. His co-founder at Raised In House was Scooter Braun.
After leaving Raised In House earlier this 12 months to launch his personal enterprise in music, Carte Blanche.Music Enterprise Worldwide
