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“Monte and Avery are two of the most entrepreneurial, effective, street-smart, creative leaders in the music industry. Their track record is unparalleled. They constantly think out of the box and their results speak for themselves.”
——Barry Weiss

UMG REWARDS MONTE & AVERY LIPMAN WITH NEW DEALS

Label Pioneers Get Fancy New Titles, Raises
to Their Allowances
UMG has signed new long-term agreements with Republic Records founders Monte Lipman and Avery Lipman, as they become Chairman/CEO and President/COO, respectively, of the company they started as an indie label in 1995. The announcement was made this morning by UMG ruler Lucian Grainge and Chairman/CEO of East Coast Labels Barry Weiss.

“Monte and Avery have established themselves as one of the industry’s most formidable creative teams," said Grainge. "They are truly world-class music executives who have rewritten the rules for breaking new talent. We couldn’t be more delighted that they will continue building Republic as a home for truly inventive artists.”
 
Commented Weiss: “Monte and Avery are two of the most entrepreneurial, effective, street-smart, creative leaders in the music industry. Their track record is unparalleled. They constantly think out of the box and their results speak for themselves. This is great for them and for Universal Music Group, and is just the beginning of their next chapter.”
 
Added Monte and Avery, singing in their distinctive two-part harmony: “We work every day towards building a culture that supports the artist community and the entrepreneurial spirit that shapes our company. The unparalleled support of Lucian and Barry for Republic continues to inspire us to be competitive, while serving the needs of our extraordinary artists, venture partners, and dynamic executives.”
 
Most recently, Republic scored chart-topping releases with Of Monsters and Men, The Weeknd (XO) and Florence + the Machine. The label is also responsible for Record of the Year nominee Gotye and his multi-platinum single "Somebody That I Used to Know," PSY’s worldwide phenomenon “Gangnam Style” (on Schoolboy/Republic).
 
Republic also expanded into the lucrative areas of film and TV, scoring hits with the NBC hit series The Voice and partnering with Saturday Night Live for Andy Samberg’s The Lonely Island and AMC's The Walking Dead. Republic also released three of this year’s five Oscar-nominated Best Original Songs with “Suddenly” by Hugh Jackman in Les Miserables, Norah Jones’ “Everybody Needs a Best Friend” in TED, and Scarlett Johansson and Joshua Bell “Before My Time” in Chasing Ice (Lava). In addition, they’ve already achieved extraordinary success with Lions Gate’s The Hunger Games, Quentin Taranto’s Django Unchained and this year’s Oscar host, Seth MacFarlane.
 
Monte and Avery were also among the first to realize the importance of collaborating with entrepreneurial ventures to expand their creative investment. To date they have enjoyed long-standing and highly successful partnerships and strategic alliances with Cash Money, Big Machine, Brushfire, Republic Nashville, XO, American Recordings Schoolboy and Loma Vista, among others.
 
Upcoming Republic releases include new albums from Akon, Black Sabbath, Colbie CaillatThe Hunger Games: Catching Fire soundtrack, Lil Wayne, Enrique Iglesias, Jessie J, Kid Cudi, Austin Mahone, NellyThe Voice’s Cassadee Pope, Kelly Rowland, Drake, Damian Marley, The Band Perry, Nicki Minaj, 3 Doors Down, The Lonely Island, The Weeknd and Tyga.

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