August 24, 2015

Mark Sperling Joins ASCAP as SVP, Strategy and Business Development

Mark Sperling

Mark Sperling, SVP, Strategy & Business Development

NEW YORK, Aug. 24, 2015 -- ASCAP, The American Society of Composers, Authors and Publishers, the world leader in performing rights and advocacy for music creators, today announced that Mark Sperling joins the company as Senior Vice President, Strategy and Business Development. Sperling reports directly to Alice Kim, Chief Strategy and Development Officer, who was appointed in April. He will spearhead strategic initiatives and lead business development efforts as ASCAP explores new alliances and partnerships.

Sperling comes to ASCAP from Allen & Company LLC, the boutique investment banking firm known for its specialty in the media, entertainment and digital media industries.  During Sperling’s 16-year tenure there, he executed dozens of high profile and complex transactions for industry players such as Activision, National Geographic, PBS, Samsung Electronics, Time Warner and numerous private equity firms. Sperling is also a lifelong musician, having performed publicly in a variety of bands since college.

“Mark is a phenomenal addition to our executive team,” said ASCAP CEO Elizabeth Matthews.  “He brings with him a wealth of knowledge of the media and entertainment sectors, traditional and digital.  His success at Allen & Co. for more than a decade demonstrates his impressive track record in leading the execution of complex transactions.  As ASCAP seeks to capitalize on our rich data and other myriad of assets in today’s evolving music rights business, Mark will be instrumental in developing the new business models and creating the appropriate strategic partnerships.”

"As ASCAP's new SVP, Strategy and Business Development, I look forward to bringing my expertise and contacts across the music licensing ecosystem to bear in support of ASCAP's mission, and to creating strategies that position the organization for success in a shifting landscape,” said Sperling.  “As a musician myself, I’m eager to make serving the interests of ASCAP's members my primary focus."

Prior to Allen & Company, Sperling facilitated equity and debt offerings and analyzed mergers and acquisitions within the media and telecom sectors as a member of the investment banking division of Salomon Smith Barney (now Citigroup).  He received an A.B. in Economics from Duke University.

About ASCAP
The American Society of Composers, Authors and Publishers (ASCAP) is a professional membership organization of songwriters, composers and music publishers of every kind of music. ASCAP's mission is to license and promote the music of its members and foreign affiliates, obtain fair compensation for the public performance of their works and to distribute the royalties that it collects based upon those performances. ASCAP members write the world's best-loved music and ASCAP has pioneered the efficient licensing of that music to hundreds of thousands of enterprises who use it to add value to their business - from bars, restaurants and retail, to radio, TV and cable, to Internet, mobile services and more. The ASCAP license offers an efficient solution for businesses to legally perform ASCAP music while respecting the right of songwriters and composers to be paid fairly. With 625,000 members representing more than 10 million copyrighted works, ASCAP is the worldwide leader in performance royalties, service and advocacy for songwriters and composers, and the only American performing rights organization (PRO) owned and governed by its writer and publisher members. www.ascap.com

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CONTACT:

Cathy Halgas Nevins, ASCAP

cnevins (at) ascap.com