Former Avex chairman/CEO Tom Yoda has been named chairman/CEO of independent record company Dreamusic. Yoda, who owns 72% of the Tokyo-based company, had been named special advisor in January, and th

Former Avex chairman/CEO Tom Yoda has been named chairman/CEO of independent record company Dreamusic. He succeeds Kazunaga Nitta.

Yoda, who owns 72% of the Tokyo-based company, had been named special advisor in January, and then appointed advisor in April. Artists signed to Dreamusic include Yuzo Kayama, Ryoko Moriyama and Ayaka Hirahara.

In a boardroom coup, Yoda was ousted from his post as chairman/CEO of Avex in August 2004. At that time he also left his position as chairman of the Recording Industry Assn. of Japan. Subsequently, he bought a 16% stake in Tokyo-based movie distribution company Gaga Communication and was named chairman of the company. He retains his chairmanship at Gaga.

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