EMI Restructures Leadership

EMI Restructures Leadership
According to a memo released by EMI Group's newly appointed CEO Roger Faxon, the company will reorganize its structure around three regional territories with Faxon heading the North American region. Nester Casonu has been promoted to CEO of the Latin American region and David Kassler to CEO of the Europe region. Colin Finkelstein's responsibilities will shift from North American region president to COO and EMI Music Publishing COO Leo Corbett has been promoted to the same position for EMI Group. As part of the restructuring, several executives have exited the company, including Nick Gatfield, president of new music for North America, the UK and Ireland; Billy Mann, president of new music — international and global artist management; and Ronn Werre, COO of North America and Mexico. (9/8)

The xx Wins Barclaycard Mercury Prize
Electronic trio the xx won the UK's 2010 Barclaycard Mercury Prize for their self-titled debut album. A total of 12 artists — including Corinne Bailey Rae, Foals, Mumford & Sons, Paul Weller, and Wild Beasts — were nominated for the award, honoring the best British or Irish album of the year. As the winner, the xx will receive a cash award of $31,000. (9/8)

French Recording Industry Up 4 Percent
The French recorded music market increased 4.1 percent in value to $305.1 million during the first six months of 2010, compared to the same period in 2009, according to labels body Snep. The growth was led by a 12 percent increase in digital sales to $54.7 million, now representing 18 percent of the recorded music market, and a 2.5 percent increase in value for the physical market to $250.4 million. Internet downloads were up 39 percent, representing 66 percent of the digital market. (9/8)

Urban, Pop Single Sales Up In The UK
Urban single sales increased 33 percent and pop single sales rose 30 percent in the UK during the first eight months of 2010 compared to the prior-year period, according to sales figures from the Official Charts Company. In contrast, sales of rock singles dropped approximately 18 percent during the same timeframe, and only five of the UK's 100 top-selling singles of the year were classified as rock, according to Music Week magazine. (9/8)
 

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