BREAKING NEWS: UMG REORGANISATION
New global UMG boss Lucian Grainge has reportedly laid out his reconstruction plans for the United States East Coast label group. According to sources close to the major, Island Def Jam will be split and merged into two other labels. The IDJ R&B artists, including Jay-Z, Kanye West and Ludacris, will be moved over to the newly named Motown Def Jam Records and will continued to be helmed by Sylvia Rhone, for the time being at least. LA Reid is expected to jump to a gig with Simon Cowell’s X-Factor.
IDJ pop/rock artists like Mariah Carey, Justin Bieber and Hole will be part of the new Mercury/Island Records headed by David Massey.
The Republic label will remained untouched. All three labels will begin sharing back office duties.
If this is true it appears to be the first major move from Grainge, which makes a lot of sense… But does this mean that Sylvia gets her chauffeur-driven Bentley back?
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Posted by Wayne Rosso
on Nov 4 2010. Filed under featured, Labels.
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Must be true – people here are shaking in their boots … lots of closed door meetings