Warner Music Group (WMG) is expanding its business development team.
Michael Drexler has been named VP, digital strategy & corporate development, while Allan Coye has been appointed VP, digital strategy & business development.
Based in New York, Drexler and Coye are the first new hires by Ole Obermann, WMG’s chief digital officer & EVP, business development, since he joined the company at the end of last year.
"We are building out an industry-leading business development team with a strong balance of expertise across strategic vision and thoughtful execution," said Obermann. "That’s why I'm pleased to welcome Michael and Allan, who bring distinct skillsets, along with proven track records in delivering real commercial change.
“Michael has diverse experience in digital business roles across recorded music and music publishing, and Allan has wide-ranging experience across technology and media with a focus on digital video. They are both valuable additions as we expand our partnerships with existing players and seek out unchartered opportunities for our artists and their music.”
Previously executive director at BMI, Drexler will focus his efforts on strategic investments and corporate development, with responsibilities including identifying and analysing investment opportunities and managing relationships with investment partners. Prior to BMI, Drexler held various digital roles at Sony Music.
Coye will help develop digital strategy and manage key partner relationships at WMG. His responsibilities will include negotiating and executing deals with global partners, including video and streaming services. Previously, he served as VP, strategy & business development at Viacom Music & Entertainment Group.