Nick Stewart Appointed CEO at TCAT

14 February 2022 - Press release

TCAT - ‘To Catch A Thief’ - is the Music Industry’s Leading Anti-Music Piracy Business

Legendary Music Executive To Lead The Way In Addressing Estimated £9 Billion* in Lost Revenues Across Creative Industries Annually

Nick Stewart, the legendary A&R man, manager and label boss who famously signed U2 to Island Records in 1979, has accepted a new role as CEO at TCAT Ltd., the industry’s fastest-growing anti-music piracy business.

Stewart will use his experience of the global music market, royalty collection and music piracy to build the profile of TCAT (AKA ‘To Catch A Thief’) and its ground-breaking A.I software, which monitors millions of music tracks across the world, saving rights holders $millions in unpaid or fraudulently claimed royalties.

Nick Stewart said:”TCAT operates at the sharp end of the music business. It is transforming royalty tracking from manual to automated, using A.I. to monitor millions of songs, with a speed and accuracy which human teams are unable to match.

It is a wonderful example of the positive impact A.I can offer our industry. TCAT is able to help individual artists through to major labels, policing and protecting their work with great accuracy, ensuring royalties do not flow into the wrong hands.”

In 2019 a study by the Intellectual Property Office estimated piracy and counterfeiting cost the UK economy £9bn and 80,500 job losses each year. 

Whilst this figure includes all UK creative industries (film, TV, music, gaming), TCAT has undertaken its own study in the music sector. An analysis of 250,000 songs on a major label catalogue revealed an estimated loss of $43.5 million in a single year through piracy, expired or unlicensed exploitation of unauthorised tracks, leaked tracks, cloned or fake uploads and duplicated releases.

One Media iP Group Plc, the AIM-listed digital music and entertainment content acquirer and distributor is the majority shareholder in TCAT and uses the technology to police its own catalogue which includes income derived from tracks performed by Kid Creole, Take That, Don Williams, Mungo Jerry, Mago De Oz, Heatwave, Culture Club and many more.

One Media CEO Michael Infante said: “Nick is something of a legend in our business. His track record of bringing cutting edge music to the market is unquestionable. Now he will use all his years of music industry knowledge to bring cutting edge technology to protect the global music market for artists and record companies alike.”

Stewart will begin in his role on Monday 21^st February 2022.