Stephen Russo

Stephen Russo Email and Phone Number

Executive Vice President and CFO, US Frontline Label Group @ Sony Music Entertainment
New York, NY, US
Stephen Russo's Location
New York City Metropolitan Area, United States, United States
Stephen Russo's Contact Details

Stephen Russo work email

Stephen Russo personal email

n/a

Stephen Russo phone numbers

About Stephen Russo

I am a C-suite executive with media and entertainment experience across finance, marketing, and operations. I have spent most of my career at Sony Music Entertainment where I have successfully partnered with several business unit CEOs in managing daily business operations and executing organizational strategy. I have thrived in an environment that has been continually changing through technological revolution, business model disruption, and multiple organizational restructurings, which has kept things fresh and presented me with new challenges and broader roles.More recently, I have also been mentoring founders of startup companies in the sports and esports industries, helping to drive innovation at the pop culture intersection of music, sports, gaming, Web3, and the metaverse.My passion for music began when I started playing in bands at the age of nine. As a teen, I had a brief stint as a “roadie” for the Marshall Crenshaw band working venues like the legendary Stone Pony in Asbury Park, New Jersey where The Boss himself, Bruce Springsteen, hopped on stage with the band one night. While at Wharton, I was captivated hearing an alumnus speak on his experiences as producer of The Rolling Stones’ Steel Wheels stadium tour. That’s when I set my sights on a career in the music business.On a personal note, I enjoy boating, photography, gardening, wine tasting, and attending rock concerts (of course). I’m also an eyewitness to the impact of nature versus nurture in human development as the father of twins!

Stephen Russo's Current Company Details
Sony Music Entertainment

Sony Music Entertainment

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Executive Vice President and CFO, US Frontline Label Group
New York, NY, US
Website:
sonymusic.com
Employees:
9083
Stephen Russo Work Experience Details
  • Sony Music Entertainment
    Executive Vice President And Cfo, Us Frontline Label Group
    Sony Music Entertainment
    New York, Ny, Us
  • Sony Music Entertainment
    Executive Vice President & Cfo, Us Frontline Label Group
    Sony Music Entertainment 2024 - Present
    New York, Ny, Us
  • Columbia Records
    Executive Vice President & Cfo, Columbia Records (Division Of Sony Music Entertainment)
    Columbia Records 2017 - 2024
    Us
    Internally recruited to join Columbia Records division in 2005 as part of a management restructuring. Partnered with new CEO to execute strategic vision, re-engineer financial processes, and design reporting for operational performance measurement. Promoted into positions of increasing responsibility leading to current role as EVP & CFO, overseeing business operations and financial decision-making for division generating >$450 million in global revenue. Currently manage multi-location staff of 8 direct reports leading teams across 7 departments (~40 employees in total). One of only 3 senior executives providing leadership continuity through 3 CEO regime changes and turnover of more than 3 dozen department heads. Results/Accomplishments• Led financial turnaround from operating losses to profitability, resulting in a 28-percentage point increase in operating margin to date• Built best in class teams across multiple functions–Artist Relations & Touring, Business Development, Digital Production, Finance, Insights & Analytics, Marketing Financial Planning, and Release Planning • Developed and executed organizational restructuring and cost rationalization plans to realize a cumulative 10-percentage point reduction in overhead as a % of revenue • Revamped KPI reporting and initiated collaborative process with marketing team leaders, and implemented accountability controls to optimize marketing efficiency resulting in a cumulative 16-percentage point improvement in rate of marketing spend as a % of revenue• Initiated review of entrenched vinyl pricing strategy and implemented new methodology improving gross margin• Designed methodology and developed predictive music consumption models to streamline and improve accuracy of revenue forecasting process• Directed business development efforts resulting in launch of a kids’ music brand, a gaming culture-centered music label imprint, and a marketing collaboration with a major video game publisher/esports tournament
  • Columbia Records
    Senior Vice President, Finance & Operations/Cfo, Columbia Records
    Columbia Records 2015 - 2017
    Us
  • Columbia Records
    Senior Vice President, Finance & Operations, Columbia Records
    Columbia Records 2010 - 2015
    Us
  • Columbia Records
    Vice President, Finance & Operations, Columbia Records
    Columbia Records 2008 - 2010
    Us
  • Columbia Records
    Vice President, Finance, Columbia Records
    Columbia Records 2005 - 2008
    Us
  • Groovelist
    Advisor
    Groovelist Mar 2023 - Dec 2023
  • Stadia Ventures
    Pitch Day Judge And Startup Mentor
    Stadia Ventures Jan 2021 - Jun 2023
    St Louis, Missouri, Us
    • Evaluated startup and early-stage companies in the sports and esports industries as judge at Finalist Pitch Day for bi-annual, 14-week Stadia Business Development Accelerator Program • Mentored founders of companies selected for participation in the Accelerator Program, helping them navigate the entrepreneurial path and offering tactical advice in areas such as capital raising, revenue model refinement, go-to-market strategy, customer acquisition, product/service marketing, business development, and organizational structure
  • Big Time Rush Touring, Llc
    Treasurer
    Big Time Rush Touring, Llc 2010 - 2014
    Concurrent with my role as Senior Vice President, Finance & Operations, Columbia Records, I was responsible for overseeing the concert touring business for Big Time Rush, a musical comedy television series co-produced by Nickelodeon and Columbia Records/Sony Music Entertainment • Partnered with tour producer and business manager on behalf of Sony Music and Nickelodeon to establish budgets for live performance tours covering show dates in North & South America, United Kingdom, and Europe between 2011 and 2014• Collaborated with talent agent in negotiation of show guarantees and other performance agreement terms with concert promoters• Oversaw all financial decision-making, and developed and implemented procedures for revenue collection, expense disbursement, and participation accountings• Achieved 850K in ticket sales volume, $30M in total box office gross revenue
  • Sony Music Entertainment
    Vice President, U.S. Label Finance, Sony Bmg
    Sony Music Entertainment 2005 - 2005
    New York, Ny, Us
    • Led post-merger integration efforts to architect a centralized finance organization responsible for business planning & analysis and management reporting functions across former Sony Music and Bertelsmann Music Group US recorded music and distribution operations• Established a best in class shared service team of ~ 35 employees to ensure a foundation for optimal performance and effectively support varied business unit operations across the merged company• Guided the centralized finance organization through post-merger cultural evolution, trained and developed future financial and operational leaders • Implemented a standardized sales forecast database application across business units to enhance productivity, ensure data integrity, and streamline the consolidation process
  • Sony Music Entertainment
    Vice President, Financial Planning & Analysis, Sony Music
    Sony Music Entertainment 2001 - 2005
    New York, Ny, Us
    • Directed a centralized team of ~ 20 employees responsible for the financial planning & analysis function across Sony Music’s US recorded music, music publishing, manufacturing, distribution, and studio operations• Responsible for all consolidated budgeting, forecasting, variance analysis and commentary, and reporting of financial results to corporate senior management for businesses generating $2 billion in aggregate annual revenue• Played active role on financial due diligence team representing Sony’s interests in the Sony BMG merger with a focus on identification and analysis of potential synergy savings across combined company operations
  • Sony Music Entertainment
    Senior Director, Finance, Sony Music
    Sony Music Entertainment 2000 - 2001
    New York, Ny, Us
  • Sony Music Entertainment
    Director, Joint Venture Accounting, Sony Music
    Sony Music Entertainment 1998 - 2000
    New York, Ny, Us
  • Sony Music Entertainment
    Associate Director, Talent Analysis, Sony Music
    Sony Music Entertainment 1995 - 1998
    New York, Ny, Us
  • Sony Music Entertainment
    Senior Royalty Analyst, Sony Music
    Sony Music Entertainment 1994 - 1995
    New York, Ny, Us
  • Ernst & Young
    Audit Professional
    Ernst & Young 1990 - 1994
    London, Gb
    • Responsible for the planning and execution of audits, including research on technical accounting issues and the supervision and review of junior engagement team members• Client responsibilities focused on media and entertainment industry; Key client engagements included: Marvel Entertainment Group, Scientific American, EMI Music Group, Polygram Records, Time Warner Inc., Time Warner Cable• Performed work related to SEC filings such as Form 10-K and Form 10-Q

Stephen Russo Skills

Music Industry Entertainment Forecasting Music Licensing Music Publishing A&r Music Production Music Social Media Marketing Digital Distribution Record Labels Social Media New Media Strategic Partnerships Financial Analysis Digital Marketing Digital Media

Stephen Russo Education Details

  • The Wharton School
    The Wharton School
    Accounting
  • Nyu Stern School Of Business
    Nyu Stern School Of Business
    Media & Telecommunications
  • Harvard Business School
    Harvard Business School
    And Sports (Bems)

Frequently Asked Questions about Stephen Russo

What company does Stephen Russo work for?

Stephen Russo works for Sony Music Entertainment

What is Stephen Russo's role at the current company?

Stephen Russo's current role is Executive Vice President and CFO, US Frontline Label Group.

What is Stephen Russo's email address?

Stephen Russo's email address is st****@****sic.com

What is Stephen Russo's direct phone number?

Stephen Russo's direct phone number is +121283*****

What schools did Stephen Russo attend?

Stephen Russo attended The Wharton School, Nyu Stern School Of Business, Harvard Business School.

What skills is Stephen Russo known for?

Stephen Russo has skills like Music Industry, Entertainment, Forecasting, Music Licensing, Music Publishing, A&r, Music Production, Music, Social Media Marketing, Digital Distribution, Record Labels, Social Media.

Who are Stephen Russo's colleagues?

Stephen Russo's colleagues are Calvin Williams, Taiwo Afolabi, Larry Wilson, Lucas Lux Carbonell, Eugenio Fernandez Triviño, Erik Canales, Katelan Donnelly.

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