Warner Music Group

  1. ADA Cuts Five Staffers

    March 12, 2004 12:00 AM EST Five staffers at Warner Music Group's Alternative Distribution Alliance (ADA) arm were let go the week of March 1, as part of the widespread parings following the Warner ownership change. Five staffers at Warner Music Group's Alternative ...

  2. WMG Crew Get In Gear For Industry Turnaround

    March 08, 2004 12:00 AM EST Just days after the $2.6 billion acquisition of Warner Music Group closed, a key member of the buyout team valued the music company's assets at healthy $3.5 billion. NEW YORK--Just days after the $2.6 billion acquisition of Warner Music Group ...

  3. Rutherford Confirmed To Head Warner Music Japan

    March 05, 2004 12:00 AM EST Warner Music International today (March 5) confirmed that Warner Music Asia Pacific president Lachie Rutherford has added duties as chairman/CEO of its affiliate in Japan. Warner Music International today (March 5) confirmed that Warner Music Asia ...

  4. Sperling Touts WMG Deal As 'Smart Buy'

    March 04, 2004 12:00 AM EST Just four days after the $2.6 billion acquisition of Warner Music Group, one of the key members of the buyout team valued the music company's assets at $3.5 billion. Scott Sperling, managing director Just four days after the $2.6 billion acqu ...

  5. Warner Music Colombia Closing Shop

    March 03, 2004 12:00 AM EST Warner Music Colombia is closing operations. Employees were informed Tuesday night (March 2), as the massive restructuring of Warner Music Group got underway following the major's buyout by an investm Warner Music Colombia is closing operatio ...

  6. Warner Music Colombia Closing Shop

    March 03, 2004 12:00 AM EST Warner Music Colombia is closing operations. Employees were informed Tuesday night (March 2), as the massive restructuring of Warner Music Group got underway following the major's buyout by an investm Warner Music Colombia is closing operatio ...

  7. WMG Restructuring Hits Nashville

    March 02, 2004 12:00 AM EST A number of high-placed executives are exiting Warner Bros. Nashville and Word Entertainment as part of the massive restructuring process by the Warner Music Group (WMG). A number of high-placed executives are exiting Warner Bros. Nashville and Wo ...

  8. WMG Confirms Restructuring, Exec Departures

    March 02, 2004 12:00 AM EST Warner Music Group today (March 2) confirmed a restructuring of its operations that will encompass the elimination of 20% of its global workforce of 5,300 and the exit of several key recorded music ex Warner Music Group today (March 2) confirmed a ...

  9. New WMG Regime Readies Pink Slips

    March 02, 2004 12:00 AM EST The Warner Music Group is expected to begin issuing pink slips today (March 2) in a process that could play out over the next month. Some 1,000 employees around the world are being cut as WMG's new ow The Warner Music Group is expected to beg ...

  10. Layoffs Loom As WMG Buyout Finalized

    March 01, 2004 12:00 AM EST With the ink less than 24 hours dry and the $2.6 billion wire transfer having finalized the deal this morning (March 1), the new owners of the Warner Music Group are gearing up to slash 1,000 jobs wor With the ink less than 24 hours dry and the $2 ...

  11. Layoffs Loom As WMG Buyout Finalized

    March 01, 2004 12:00 AM EST With the ink less than 24 hours dry and the $2.6 billion wire transfer having finalized the deal this morning (March 1), the new owners of the Warner Music Group are gearing up to slash 1,000 jobs wor With the ink less than 24 hours dry and the $2 ...

  12. Bronfman's WMG Buy Expected To Close Sunday

    February 27, 2004 12:00 AM EST The sale of Warner Music Group (WMG) to an investment group led by former Seagram executive Edgar Bronfman Jr. is expected to close Sunday (Feb. 29), with funds for the $2.6 billion deal being wired t The sale of Warner Music Group (WMG) to an inv ...

  13. Online Retailer Insound Names New CEO

    February 27, 2004 12:00 AM EST Web-based music retailer/marketing company Insound has tapped Steve Kleinberg as its new CEO. The industry veteran joins from WEA, where he was senior VP of marketing. Web-based music retailer/marketing company Insound has tapped Steve Kleinberg a ...

  14. Sales/Label Vet Launches Indie Distributor

    February 25, 2004 12:00 AM EST Forte Distribution LLC, a new independent distribution firm, will ship its first releases in March. The New York-based company is headed by Jack DeSalvo, who has previously served as a sales and label Forte Distribution LLC, a new independent dist ...

  15. Key Execs To Take Part In Music & Money Symposium

    February 23, 2004 12:00 AM EST Sony Music International president Rick Dobbis, Clear Channel Entertainment CEO Brian Becker and EMI Music Publishing CEO Martin Bandier are among the key executives set to participate in the third an Sony Music International president Rick Dobbis ...

  16. Sperling To Speak At Music & Money

    February 10, 2004 12:00 AM EST Scott Sperling , managing director of Thomas H. Lee Partners, the lead investment firm in the pending acquisition of Warner Music Group, will keynote Billboard's third annual Music & Money Symposi Scott Sperling , managing director of ...

  17. Sperling To Speak At Music & Money

    February 10, 2004 12:00 AM EST Scott Sperling , managing director of Thomas H. Lee Partners, the lead investment firm in the pending acquisition of Warner Music Group, will keynote Billboard's third annual Music & Money Symposi Scott Sperling , managing director of ...

  18. Sperling To Speak At Music & Money

    February 10, 2004 12:00 AM EST Scott Sperling , managing director of Thomas H. Lee Partners, the lead investment firm in the pending acquisition of Warner Music Group, will keynote Billboard's third annual Music & Money Symposi Scott Sperling , managing director of ...

  19. Def Jam Prez Kevin Liles Exits Post

    February 06, 2004 12:00 AM EST Def Jam/Def Soul president Kevin Liles has resigned his post. He exits Universal Music Group less than two weeks after Island Def Jam Music Group chairman/CEO Lyor Cohen left the major to take over as Def Jam/Def Soul president Kevin Liles has res ...

  20. UMG Revenues Drop 21% In 2003

    February 05, 2004 12:00 AM EST Revenues at Universal Music Group slumped 21% in 2003 to €4.97 billion ($6.2 billion). In constant-currency terms, sales were down 12% from 2002. Revenues at Universal Music Group slumped 21% in 2003 to €4.97 billion ($6.2 billion). In ...

  21. WEA Loses Four Execs

    February 03, 2004 12:00 AM EST There has been a small exodus of executives from WEA in the last week. Senior VPs Bob Carlton (sales) and Rose Polidoro (marketing), and VPs Michael Kohen (strategic marketing) and Helen Little (urban There has been a small exodus of executives fr ...

  22. Jimmy Iovine Re-Ups With UMG

    January 30, 2004 12:00 AM EST Interscope Geffen A&M (IGA) head Jimmy Iovine has renewed his contract with IGA parent Universal Music Group (UMG) for six years, sources confirm. Interscope Geffen A&M (IGA) head Jimmy Iovine has renewed his contract with IGA parent U ...

  23. French Shipments' Value Falls 14% In 2003

    January 26, 2004 12:00 AM EST The trade value of music shipments in France fell 14.5% to 1.1 billion euros ($1.4 billion) in 2003, according to figures released today (Jan. 26) by labels body SNEP during the Midem trade show in Ca The trade value of music shipments in France f ...

  24. French Shipments' Value Falls 14% In 2003

    January 26, 2004 12:00 AM EST The trade value of music shipments in France fell 14.5% to 1.1 billion euros ($1.4 billion) in 2003, according to figures released today (Jan. 26) by labels body SNEP during the Midem trade show in Ca The trade value of music shipments in France f ...

  25. WMG Confirms Cohen As U.S. Chairman/CEO

    January 25, 2004 12:00 AM EST Warner Music Group confirms that it has named Lyor Cohen as chairman/CEO of U.S. Recorded Music. Cohen, current chairman/CEO of Island Def Jam Group, will take over the role following the purchase of Warner Music Group confirms that it has named L ...

  26. Lyor Cohen Shifting To Warner Music Group

    January 25, 2004 12:00 AM EST Sources confirm that Lyor Cohen is joining Warner Music Group as head of North American operations. Sources confirm that Lyor Cohen is joining Warner Music Group as head of North American operations. Ed Christman News ...

  27. WMG Confirms Cohen As U.S. Chairman/CEO

    January 25, 2004 12:00 AM EST Warner Music Group confirms that it has named Lyor Cohen as chairman/CEO of U.S. Recorded Music. Cohen, current chairman/CEO of Island Def Jam Group, will take over the role following the purchase of Warner Music Group confirms that it has named L ...

  28. Warner Music Group Eyes Major Staff Cuts

    January 15, 2004 12:00 AM EST Warner Music Group has formed five task forces designed to identify potential overhead reductions within specific departments, sources say. This comes on the heels of a mandate that went into effect i Warner Music Group has formed five task forces ...

  29. WMG: Sylvia Rhone Still In Place

    January 13, 2004 12:00 AM EST Contrary to a report yesterday on radio station WBLS New York, Sylvia Rhone is not leaving her post as chairman of Elektra Entertainment Group, according to a Warner Music Group representative. Contrary to a report yesterday on radio station WBLS ...

  30. Sprint Service To Offer WMG Content

    January 12, 2004 12:00 AM EST Bulletin has exclusively learned that Warner Music Group is the third major record company to sign on for Sprint's Music Tones ringer service. Universal Music Group and Sony are also on board. Bulletin has exclusively learned that Warner Musi ...

  31. PPL Signs On Nevrkla As Chairman/CEO

    January 08, 2004 12:00 AM EST Warner U.K. vet signs 3-year deal Fran Nevrkla has signed a new three-year contract as chairman/CEO of British collection society Phonographic Performance Limited (PPL). Nevrkla, former director of commercial and business affairs at Warner Music U ...

  32. Inagaki To Exit As Warner Japan Chief

    January 06, 2004 12:00 AM EST Hiroshi Inagaki will exit as chairman of Warner Music Japan (WMJ) when his contract expires at the end of February. Hiroshi Inagaki will exit as chairman of Warner Music Japan (WMJ) when his contract expires at the end of February. Warner Music As ...

Pages