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Canadian Music Week sold to former record executive and Bell Media boss Randy Lennox

TORONTO – Canadian Music Week is getting new ownership under the leadership of former Bell Media boss and record label executive Randy Lennox.

Toronto's long-running music industry music festival says Lennox's Loft Entertainment is partnering with live entertainment developer Oak View Group to acquire the event.

The financial terms of the transaction were not disclosed.

The deal was announced Monday by CMW President Neill Dixon at the start of the first day of this year's conference. Dixon says he plans to retire from the annual music industry gathering after more than 40 years.

Lennox was president and CEO of Universal Music Canada from 1998 to 2015 and is considered a key shaper of the careers of Shawn Mendes, The Weeknd and Justin Bieber. He also shaped the early programs on Bell's streaming platform Crave.

Oak View Group is a Denver-based company that develops and manages venues for the live entertainment industry. Its Canadian projects include the renovation of the FirstOntario Centre Arena in Hamilton. The company also owns Pollstar, a trade publication for the concert industry.

CMW is a four-day music and media event in Toronto that brings together the country's emerging musicians and industry leaders for conferences, awards ceremonies and live performances.

Lennox said at Monday's event that he intends to redesign CMW with expanded programming, improved venues and “unique engagement opportunities for artists and fans.”

This report by The Canadian Press was first published June 3, 2024.

David Friend, The Canadian Press