Steve Devick is the CEO of Concert Hot Spot, a privately held record label that produces music related high definition audiovisual products such as HD DVDs and Blu-ray Discs. Warner Music Group (NYSE:WMG) exclusively distributes Concert Hot Spot. Steve's career in music and entertainment began when he founded River North Studios in 1985. River North quickly became the Midwest's largest recording studio complex. Artists such as David Bowie, Paul McCartney, Billie Idol, The Chicago Symphony Orchestra, and hundreds of others utilized River North. In the late 1980s and early 1990s, Columbia College Chicago students were taught audio recording procedures at River North Studios.
In 1987, Devick was the founding investor and director of Platinum Technology (Nasdaq:PLAT), a systems software company that grew to over $1 billion in annual revenue and was sold in 1999 to Computer Associates for almost $4 billion, and later, Blue Rhino (Nasdaq:RINO), a propane exchange company, which was sold in 2004 to Ferrellgas for approximately $400 million.
Devick founded Platinum Entertainment (Nasdaq:PTET) in 1991. With Steve as chief executive officer and chairman, it became the world's largest publicly traded independent record label with popular artists in all music formats such as The Beach Boys, Pete Townshend, Dionne Warwick, The Winans, Peter Cetera, The Blues Brothers, The Royal Philharmonic Orchestra, and many others. In 2000, he resigned from Platinum to develop his current companies.
Devick has been honored by Crain's Chicago Business as one of the Forty Outstanding Business Persons in Chicago Under Forty; a finalist in Ernst &Young and Merrill Lynch's Entrepreneur of the Year; PVP CEO of the Year; Newcity Chicago's Most Influential Music People Top 20; and chairman of the Young President's Organization (YPO).
As a noted music industry resource, he has made numerous appearances on national broadcasts of CNN, Fox News, and CNBC, including Market Watch with Maria Bartiromo, Power Lunch and Squawk Box on CNBC, Fox Business Report, CNN Financial News, Your World with Neil Cavuto, and numerous local TV and radio broadcasts. Additionally, he has been a keynote speaker, or featured panelist at Webnoize Internet Music Conference, CMJ Music Conference, The Entrepreneurship Conference, Jupiter Media Conference, DLJ Investors Conference, and many others.
Devick attended Western Illinois University and Illinois College of Optometry, where he received his BS and OD degrees.