Warner Music appoints former Activision Blizzard executive as finance chief

He volition win Bryan Castellani from May 5, with the incumbent stepping down aft astir 1 and a fractional years.

Zerza, who served arsenic Activision Blizzard's CFO and main commercialized officer, joined the video crippled shaper successful August 2015 and played a pivotal relation successful the company's $69-billion acquisition by Microsoft (MSFT).

Before that, helium served much than 2 decades successful elder enactment positions astatine Procter & Gamble.

"He'll assistance america germinate our semipermanent strategy and physique WMG for the lasting payment of our artists, songwriters, investors, employees, and partners," Warner Music CEO Robert Kyncl said.

Zerza's assignment comes astatine a clip erstwhile Warner Music, which owns labels specified arsenic Atlantic Records and Parlophone, has been looking to boost its gross done moves specified arsenic a multi-year woody with Spotify successful February.

The institution had past besides acquired a controlling involvement successful Tempo Music, with which it gaining rights for songs by artists specified arsenic Bruno Mars, Adele and Wiz Khalifa.

(Reporting by Harshita Mary Varghese successful Bengaluru; Editing by Leroy Leo)