One Media iP Group PLC (AIM:OMIP), has announced the appointment of Nick Stewart as chief executive officer its anti-piracy business, TCAT, from next Monday.
Stewart started his career at Island Records in 1979, signing U2 and Killing Joke, before moving on to work at Warner Music and establishing his own consultancy in 2007 that focuses on marketing, catalogue exploitation and management, with clients such as U2, Neil Diamond, Michael Bolton and Steely Dan.
One Media said Stewart will use his industry experience to build the profile of TCAT and its artificial intelligence software, which can monitor millions of tracks to save the rights holders in unpaid or fraudulently claimed royalties.
The company is the majority shareholder in TCAT and uses the technology to police and monitor its own catalogue, which includes tracks from Take That and Culture Club.
"His track record of bringing cutting edge music to the market is unquestionable. Now he will use all his years of music industry knowledge to deliver pioneering technology that protects the global music market for artists and record companies alike,” said Michael Infante, chief executive of One Media iP.