As you probably know, it hasn’t exactly been a quiet summer in the A&R world. There were several A&R exits over the summer including Ian Cripps who exited Warner Bros. and Larry Jenkins who exited CBS after the closure of the label. Longtime Hollywood Records East Coast A&R Jason Jordan also exited the label after his many years with them. Some A&R moves of note include Lindsey Cook of RCA who moves to the New York office from Los Angeles and Mollie More who joins Capitol’s A&R team from Atlantic. Speaking of Atlantic, our congratulations go out to Mike Caren (former Ex. VP for the label) who has been promoted to President of A&R for the entire Warner Music Group and John Janick who becomes President at Interscope. There were also quite a few labels that moved to new locations including Vagrant, Doghouse, Eagle Rock, Lizard King, American Recordings, Custard and New West among others. As we mentioned earlier, the CBS Television Network closed their label down recently. And just yesterday we were hearing that Dangerbird Co-Founder Jeff Castelaz is set to take over at Elextra now that Mike Caren and John Janick have moved on.
By the time you read this, the European Commission may likely have voted to approve the buyout of EMI by Universal. The formal announcement does not come until September 24th, but it is important to note the most significant concession made to gain approval which is the sale of Parlophone, home to Coldplay, David Guetta, Gorillaz, Tinie Tempah and Conor Maynard among others. It will be interesting to see who will get the assets Universal Music Group (UMG) has to sell, primarily Parlophone. Both Sony and Warner Music Group would benefit, but do not count out BMG which has expressed a tremendous interest in acquiring those assets. So, as we have often said over the years, stay tuned!
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