Australian music industry veteran Michael Parisi, one of the most accomplished A&Rs of his generation, has left Warner Music to set up his own business.

Parisi, who has served for three years in the dual role as Warner Music Australia president of A&R and as managing director of its Mushroom Records imprint, is now head of Michael Parisi Management (MPM).

Speculation on Parisi's new venture had circulated within the Aussie industry in recent months.

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