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Director, New Digital Business & Innovation page is loaded

Director, New Digital Business & Innovation

Apply locations Santa Monica, California time type Full time posted on Posted 5 Days Ago job requisition id UMG-22022

We are UMG, the Universal Music Group. We are the world's leading music company. In everything we do, we are committed to artistry, innovation and entrepreneurship. We own and operate a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content in more than 60 countries. We identify and develop recording artists and songwriters, and we produce, distribute and promote the most critically acclaimed and commercially successful music to delight and entertain fans around the world.

How we LEAD:

We are currently seeking a Director, Business Development & Innovation to join our Digital Strategy Team. This Director will be joining a team of high performers that are working to promote the digital evolution of UMG through innovation, engagement within the startup community, market analysis and creative licensing. This person will be expected to challenge the status quo, re-imagine business processes wearing a digital lens and recommend digital business opportunities for implementation. They will also be expected to drive open and transparent communication both within the group and externally across UMG and its record labels. Based in Santa Monica, this individual will be responsible for engaging with early-stage companies, building strong networks with the Venture Capital community, and developing go-to-market strategies. The ideal candidate must have a passion for music and an entrepreneurial spirit; they must be process and detail-oriented and intellectually curious; and they must thrive in a high-demand, performance-driven environment.

How you'll CREATE:

• Think strategically. Synthesize information and develop new digital business opportunities
• Build business cases leveraging internal data, secondary research and advanced quantitative and qualitative modeling
• Manage relationships with multiple partners across the investment and entrepreneurial communities
• Lead and create new initiatives that meet the team's objectives
• Stay up to date with digital technology developments
• Source compelling new digital business and licensing opportunities
• Create and present research and analysis such that it is easily digestible and ultimately transformed into a strategic narrative for both internal and external review
• Partner closely with Innovation team to analyze pipeline of startups sourced through innovation programs and startup partnership ecosystem

Bring your VIBE:

• Bachelor's Degree Preferred
• MBA or JD a plus
• 3+ years of experience in music-related business development, music startup or music tech accelerator-oriented programs
• •n-depth understanding of the music business and digital media landscape
• Inherent desire to stay current on developments in digital technology
• Familiarity of the start-up finance eco-system
• Ability to synthesize and communicate complex information from disparate sources into a clear and compelling story that helps key internal decision makers commit to action
• Advanced presentation skills with an eye to aesthetics and design to facilitate communication
• Creative thinking and ability to seek innovative solutions to complex technical and business problems
• Strong quantitative and analytical skills
• Ability to partner and collaborate with a diverse range of interests and perspectives
• Team player with a deep love of music

Perks Playlist:

• Be part of an entrepreneurial, global organization that values authenticity, drive, creativity, relationships, and a competitive spirit

• Comprehensive medical, dental, vision, and FSA options, as well as:

  • 100% coverage for out-patient mental health services

  • Wellbeing reimbursements for fitness classes, spa treatments, meal services, travel, and so much more (up to $720/year)

  • A lifetime fertility support allowance of $30,000 to plan participants

  • Student Loan Repayment Assistance and Tuition Reimbursement

  • 100% immediately vested 401(k) match on the first 5% of your contribution on eligible compensation

• Variety of ways to prioritize much-needed time away from work including:

  • Flexible Paid Time Off (PTO) for exempt employees

  • 3-weeks PTO for non-exempt employees

  • 2-weeks paid Winter Break

  • 10 Company Holidays (including Juneteenth and Wellbeing Day)

  • Summer Fridays (between Memorial Day and Labor Day)

  • Generous paid parental leave for every type of parent

Check out our full overview of benefits on the Perks Playlist page of the career site.

Disclaimer: This job description only provides an overview of job responsibilities that are subject to change.

Universal Music Group is an Equal Opportunity Employer

We are an E-Verify employer in Alabama, Arizona, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Utah.

For more information, please click on the following links.

E-Verify Participation Poster:English / Spanish

E-Verify Right to Work Poster:English |Spanish

Job Category:

Business Strategy & Operations

Salary Range:

$120,000- $145,000

The actual base salary offered depends on a variety of factors, which may include, as applicable, the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location in which the applicant lives and/or from which they will be performing the job. All candidates are encouraged to apply.

About Us

We are Universal Music Group, the world's leading music company. We are the home for music's greatest artists, innovators and entrepreneurs.

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