The New York Times reports that the recorded music division of EMI Group, which has offices in NYC, will be acquired by French media and telecommunications giant Vivendi for approximately $1.9 billion.
The acquisition further consolidates the major labels, putting EMI under the same roof as Universal Music Group.
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Ben Sisario of the New York Times reports that Barry Weiss will be leaving Sony for Universal in April, and is expected to run Universal’s East Coast operations.
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The Harry Fox Agency, Inc. (HFA), a music rights licensing organization based in NYC, announced on April 6 that Maurice Russell has been promoted from Vice President to Senior Vice President of Licensing, Collections and Business Affairs. Russell became an HFA employee in 2002 and began working with HFA’s President Read more...
Universal Music Group announced Wednesday that Lucian Grainge will become chief executive.
Grainge is currently head of the international division for Universal, which stands as the world’s largest music company.
He will be moving from London to New York City in July, at which point he will head the company Read more...
