On the heels of two exits by senior executives, music's biggest company reconsiders and decentralizes.
Universal music group has touted its digital initiatives throughout the Lucian Grainge era -- from licensing pacts, like the just-announced Vessel video service, to its investment in Beats, to its soon-to-launch ultra-transparent artist portal -- so it came as a surprise when, in one week, two senior digital executives left the UMG fold.
Rob Wells, president of the global digital business team and a 14-year veteran of the company, announced on Feb. 23 he was leaving to pursue "entrepreneurial opportunities." Executive vp David Ring followed four days later.
The exits come on the heels of a series of internal reviews by a group of consultants including Boston consulting group and Michael Lang and his Lang Media Group, prompting internal whispers that the events were related (a UMG representative denies such an assertion).