The global takeover of EMI Music by Universal Music Group is being felt in Japan.
Universal Music Japan (UMJ) today announced that its President and CEO Kazuhiko Koike will assume on the role of president/CEO of EMI Music Japan as well, replacing longtime CEO Hitoshi Namekata.
Namekata, meanwhile, was appointed president of Universal Strategic Marketing and president of Classics and Jazz at Universal Japan.
The move, effective Jan. 15 (today), is a major step in integrating the operation of the two labels, which should increase the country's largest label's market share of recorded music to about 16%-17%, according to Billboard estimates.
The creative and management functions of the new group will be based in UMJ's headquarters in Aoyama 1-chome while the administrative functions will rest in EMI Japan's offices in the nearby Akasaka area.