Mark Pitts has stepped down from his role as president of RCA Records and revealed the launch of Cofvnders, a multi-media management company that helped orchestrate Usher and Chris Brown’s co-headline tour, he announced on Tuesday (April 14). Pitts is producing the tour in partnership with Live Nation.

Pitts will maintain his relationship with the RCA/Sony Music family as a consultant, according to a press release.

“I’m proud of everything we built at RCA,” Pitts said in a statement. “I feel blessed to have played a part in shaping some of the most important careers in music, but even more importantly, in leading and helping guide the lives of young women and men. That’s legacy. I’m looking forward to continuing to work with RCA and Sony Music in a new capacity, while also feeling more energized than ever about what I’m building with Cofvnders. After more than 25 years in this business, to still feel this level of excitement is a blessing in itself.”

Pitt has also partnered with entertainment attorney and entrepreneur Tamayu Takayama to create the Tokyo Sound Continuum, a songwriting program that brings U.S. producers together with Japanese songwriters, producers and artists. The program is supported by the Agency for Cultural Affairs, a cultural body of the Japanese government, through the Creator Support Fund.

“Pitts plans to architect a long-term ecosystem designed to export Japanese talent onto the global stage, supported by a parallel network of top-tier international executives aligned with creation through release,” the press release states about the venture.

Related

Chris Brown’s New Chart Record Is RCA’s Latest R&B Success Story

Sia Comments on $42K-Per Month Child Support Settlement With Estranged Husband: 'To Err Is Human, To Forgive Is Divine'

'People Forget That Relationships Are The Real Currency In Business': David Grutman on How to Succeed in Nightlife & Hospitality (Book Excerpt)

Pitts was promoted to president of RCA in 2021; he previously served as the company’s president of urban music. During his tenure, he played a pivotal role in the careers of The Notorious B.I.G., Usher, Miguel, J. Cole and Brown, whom he signed to the label in 2004. Last year, Pitts was named to Billboard‘s R&B/Hip-Hop Power Players list.

During his tenure at RCA, Pitts held the joint role of CEO of ByStorm Entertainment, a joint venture with RCA. He founded ByStorm Entertainment in 1998 and held the title of CEO through the end of his time at RCA.

Cofvnders will operate out of New York City and Los Angeles.