New Executive Team To Head Warner

New Executive Team To Head Warner

New Executive Team To Head Warner
Warner Music Group announced today that it has revised its senior management team for Warner Bros. Records, promoting current Chief Creative Officer Rob Cavallo to chairman of the company. Todd Moscowitz will serve as co-president and CEO and Livia Tortella will serve as co-president and COO. Tom Whalley, who has served as chairman and CEO of Warner Bros. Records since 2001 is exiting the company, and Diarmuid Quinn will step down from his position as COO of Warner Bros. Records and president of Reprise Records. (9/14)

Layoffs At Rhino Entertainment
Rhino Entertainment has cut approximately 20–40 employees in an apparent attempt to refocus the division on digital, according to a Variety report. Among those released were John Beug, senior VP of video; Jimmy Edwards, senior VP of business development; Mike Engstrom, VP of marketing; Gregg Goldman, executive VP of business development; and Kenny Nemes, VP of marketing. (9/14)

Artist/Label Site Streaming Down 40 Percent
The number of music videos streamed from artist or label websites was down 40 percent in the second quarter of 2010, according to a video online usage report compiled by video platform Brightcove and video analytics firm TubeMogul. The report cited Vevo as a likely factor in the decline as it points users to a central destination for video as opposed to artist-specific sites. Overall video streams from label and artist websites were up 13 percent year-over-year. (9/14)

MTV VMA Ratings Jump 27 Percent
MTV's Video Music Awards drew 11.4 million viewers on Sept. 12, a 27 percent increase over last year's broadcast and the largest audience for an MTV show since 2002. The show's 10.0 rating among the 12–34 demographic was an increase of 33 percent compared to 2009. Performances included Justin Bieber, Taylor Swift, Usher, and Kanye West, and Lady Gaga was the big winner, taking home eight awards. (9/14)

Marley Estate Loses UMG Suit
U.S. District Judge for the Southern District of New York Denise Cote ruled on Sept. 10 that the UMG Recordings unit of Vivendi S.A.'s Universal Music Group is the rightful owner of copyrights to five Bob Marley albums recorded on Island Records, including Catch A Fire, Burnin', Natty Dread, Rastaman Vibration, and Exodus. The Marley estate accused UMG of withholding royalties from their company Fifty-Six Hope Road Music Ltd. and failing to consult with them on licensing decisions. Cote ruled that Marley's recordings were "works made for hire" as defined under U.S. copyright law, designating UMG as the owner of both the initial 28-year copyright terms and for renewals of those recordings. (9/14)
 

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