Joel Klaiman

Hitco Entertainment, the new music and entertainment company launched by L.A. Reid and Charles Goldstuck, has named Joel Klaiman President of Hitco Entertainment. Klaiman joins Hitco from Columbia Records where he recently served as EVP/GM since 2012. He will be based in the company’s New York office.

In a joint statement, Reid and Goldstuck said of Klaiman, “Joel is an experienced, world-class executive who has mastered all facets of the music business. With Joel joining our leadership team, we are now well poised to take the next step in our growth cycle. We’re excited that he will help drive our efforts as we move toward building a world class music enterprise.”

Klaiman commented, “L.A. and Charles have created a forward-thinking company to develop and produce music-focused projects for distribution across all platforms. I am excited for this new role as we work together to realize Hitco’s goal of creating great music and helping artists rise to new heights of success.”