The 2021 Grammy Awards has been rescheduled. Details surrounding the format of the show still remain unclear.
Chan joins Twitch's Head of Music Mike Olson, to expand the company's music division.
This comes less than two years after Ma was promoted to CEO of Warner Music China.
The deal gives Downtown the rights to over 700 compositions, including songs by One Direction, Sam Smith and Madonna.
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The label is now worth over $300m, with Swift's masters accounting for 35% of the company's market share.
"Vikram’s experience as a global industry leader made him the ideal candidate".
David Cobb, Cece Winans and Ben Vaughn will also serve on Studio Bank advisory board.
It's estimated that the music industry will reach groundbreaking revenue figures within the next 4 years.