The deal includes part of the reggaetón superstar's rights to "Gasolina," "Con Calma" and his rights as a featured artist on "Despacito."
The ABS is backed by a $5.1-billion catalog featuring songs by Genesis, Phil Collins, R.E.M., Carrie Underwood and Creed.
"I love working with artists and being a part of them realizing their vision and their dreams," says Becci in his first interview since taking over as CEO last year.
Concord said on Thursday it would not raise its bid to beat Blackstone's $1.6 billion offer for the publicly listed music royalty fund.
Dent rises to executive vp of operations while Weindorf rises to executive vp of marketing.
Concord's offer of $1.25 per share has been rejected, with HSF directors now recommending shareholders go with Blackstone.
The Nashville-based company is now offering $1.25 per share, a penny more than Blackstone's possible bid, and says it wants to sell 30% of the fund's assets.
As Concord and Blackstone vie to acquire the embattled song fund, Merck Mercuriadis' future with its investment adviser remains unclear.
The investment advisor for the troubled fund says it has "repeatedly been blamed" for issues that were not its responsibility.
The board of directors of the music royalty fund say they would switch their support from Concord's bid to the private equity giant's offer if Blackstone makes it official.
