Warner Music Group has introduced the appointment of Lo Ting-Fai, referred to as Lofai, as President of Warner Music Asia-Pacific (APAC).
Beginning on Monday (August 11), he will probably be primarily based in Hong Kong, reporting to Robert Kyncl, CEO of WMG, who introduced plans to nominate a head of APAC final 12 months amid a broader restructuring of the corporate’s senior management.
At the moment, Kyncl additionally confirmed the multi-territory oversight of different main areas, with Simon Robson taking cost of EMEA (together with the UK), and Alejandro Duque persevering with to steer LATAM.
Lofai will now oversee all recorded music territory heads throughout the Asia-Pacific area, a key marketplace for WMG’s international progress technique.
Information of his appointment arrives on the identical day that WMG introduced its calendar Q2 earnings outcomes, with underlying recorded music revenues up 8.3% YoY on a continuing forex foundation.
Warner Music is trying to meet a minimum of one key problem in APAC: in Could, Robert Kyncl cited “market share strain in China” as one of many elements behind WMG’s slower recorded music progress in calendar Q1.
Lofai’s appointment as head of APAC suits into Kyncl’s plan to strengthen Warner’s presence within the area’s fast-changing music scene.
Lofai joins WMG from telecoms large PCCW, the place he served as CEO of MakerVille, an leisure firm specializing in content material creation, artist administration, and reside occasions, and as COO of the OTT regional streaming platform Viu. Along with his govt management, having written songs underneath the pseudonym “Yu Ri.”
Lofai mentioned of his appointment at WMG: “I’m excited to be taking on this unbelievable position. WMG has been rewriting the principles in terms of how a music firm works in our altering business, and it has huge ambitions for progress within the APAC area.
“I sit up for collaborating with Robert and WMG’s groups around the globe as we assist extra Asian artists hit the worldwide stage, strengthen our unbelievable catalog, and discover contemporary, modern methods to construct passionate, loyal fanbases.”
“Lofai will oversee a lot of our highest precedence markets each at the moment and sooner or later, with culturally various music scenes, full of subsequent era expertise and iconic copyrights.”
Robert Kyncl, Warner Music Group
On Lofai’s new position, Kyncl commented: “Lofai will oversee a lot of our highest precedence markets each at the moment and sooner or later, with culturally various music scenes, full of subsequent era expertise and iconic copyrights.
“He brings his artistic aptitude, enterprise acumen, and connections all through the digital economic system to this tremendous necessary position. Collectively, we’re dedicated to discovering and creating artists with huge artistic and business impression, evolving our suite of companies, and rising our market share throughout the area.”
Born and raised in Hong Kong, Lofai started his profession in radio earlier than transitioning into promoting, the place he introduced his artistic expertise to international companies together with Wieden+Kennedy and CTWCM. He later served as Apple’s Inventive Director for Asia Pacific earlier than becoming a member of PCCW in 2010.
His educational background consists of research on the Chinese language College of Hong Kong, the College of Oxford, and Harvard Enterprise College.
Warner Music employed Sherry Tan as Head of Recorded Music for Mainland China in 2021, underscoring the corporate’s ongoing funding within the area’s potential.Music Enterprise Worldwide
