just some days later Warner Music Group introduced Major changes in leadership In its recorded music enterprise, Julie GreenwaldAppointed chairman of Atlantic Music Group underneath the brand new construction, she introduced she could be leaving AMG after 20 years.
Greenwald introduced his departure on the firm’s city corridor on Tuesday (August 6), revealing his plans to depart. atlantic music group By January 2025, in keeping with a number of experiences.
The variety of clicks Report Greenwald will stay in his present function till September 30 after which function an advisor till the top of the 12 months.
when the information comes Warner Music Group Management within the recorded music enterprise has undergone a serious overhaul.
Elliot Grange,CEO 10K projects, has been named CEO of Atlantic Music Group. WMG acquired A 51% 10K shares of challenge $102 million final 12 months. Greenwald was initially deliberate to function AMG chairman, reporting to WMG CEO Robert KinkelShe has now reportedly determined to depart the corporate in January.
Max LusadaWMG’s chief government of recorded music can even depart the corporate on the finish of September, after eight years within the function and 20 years with WMG.
WMG’s reorganization will break up the group’s U.S. recorded music enterprise into two label teams. Grainge’s Atlantic Music Group will oversee atlantic records, 300 Elektra leisureand 10K tasks.
on the similar time, Warner Records West Coast will oversee Warner Music Nashvillee, distinctiveand reenact.
WMG mentioned in an announcement final week {that a} main a part of the brand new firm’s restructuring is to create a “flatter construction” for Warner’s former U.S. recording companies around the globe.
Beneath this new construction, WMG’s function will not be Recorded Music CEO (Losada’s present location) nor President, Worldwide Recorded Music.
When WMG declare “I’ve spent my complete profession rising the Child Band into skilled artists and serving to our gifted staff change tradition in sudden methods,” mentioned Greenwald. “Since I stepped by way of the doorways of Atlantic and started redesigning this iconic model, Twenty years have handed.
“I couldn’t have accomplished this with out the deep ardour and dedication of my unimaginable crew and our unimaginable artists, who create music that evokes and strikes folks around the globe. Lastly, I wish to welcome Elliott; I sit up for working with him to proceed to place our artists and their music on the coronary heart of the corporate.
WMG says progress will likely be made in six months layoffs 600 international staff, or 10% Its international headcount as of the top of September.
In a February memo to staff, Greenwald mentioned Atlantic Music Group was working to resolve Two dozen layoffs, Primarily impacting file label broadcast and video groups.
international music enterprise
