The fund launches with initial stakes in OpenAI, Anthropic and StabilityAI.
The pay bump, which includes a signing bonus and a performance bonus, comes amid a rocky time for the company.
Streaming revenue, given a boost from hits by Miley, SZA and others, boosted recorded music and publishing revenue in a record-setting year.
Growth in first quarter coming largely from investments and paid streaming overseas, especially in Asia Pacific and Latin America.
Fred Davis and Joe Puthenveetil have advised on recent fundraising and sales for gamma, Quality Control, Kobalt and more.
Sales by Morgan Wallen, Taylor Swift and other artists boost UMG's recorded music and publishing divisions.
The video platform is now led by Neal Mohan, who succeeded longtime CEO Susan Wojcicki in February.
CEO Josh Gruss attributes the results to the company's “very in-demand repertoire," including tracks by artists such as Celine Dion and Alice in Chains.
Though revenue was slightly below guidance, the company says it now has 515 million monthly active users.
Detroit techno legend Kevin Saunderson and Russian DJ-producer ARTY are among the fund's first catalog acquisitions.
