New Utopia CEO Alain Couttolenc on Priorities, Profitability: Exclusive

LONDON — The new CEO of Swiss-based Utopia Music says he is focusing on making the company profitable within the next 12 months through “topline growth” and does not envisage making further cost savings through staff cuts or divestments.was announced as chief executive of Utopia Music on Thursday , succeeding co-founder, who has been leading the company since February and now returns to his former role as executive chairman.

While the sale of CDs and vinyl may appear to sit uncomfortably with Utopia’s AI and tech-driven business model, Couttolenc says the opposite is true and both businesses deliver a wealth of vital sales data that Utopia then uses to drive revenue elsewhere, as well as providing opportunities for the company to upsell its services to artist and label clients.

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