Raymond Acosta will lead the group's management team at the company, which includes Karol G on its roster.
The Latin superstar will release music under her own label, Bichota Records, that will be distributed by Interscope, according to a source familiar with the deal.
The deal, which could give equity to the artist, involves the 60% stake controlled by the company’s Venezuelan founder, Rafael Ricardo Jiménez Dan.
Noah Assad accepts Billboard’s Executive of the Year Award given to him by Bad Bunny at Billboard’s Power 100 Party for 2023.
“I’ve never worked with an artist that creates this kind of frenzy.”
