March 10, 2004 |
In a far-reaching reorganization, Bertelsmann is expected to shrink its Arista Records label and consolidate the back-office operations of its North American music division under new domestic chief Clive Davis, sources said. As part of the move, the vast majority of Arista's approximately 175 employees will be let go, sources said.
November 16, 1999 |
Bertelsmann Music Group is considering naming LaFace Records co-founder Antonio "L.A." Reid president of its Arista Records division, home to such acts as Santana and Whitney Houston, sources say. The move comes as the German record conglomerate is in talks to buy the rest of Reid's LaFace label and is negotiating a new contract with Arista founder Clive Davis, whose deal expires in June. Davis has been running Arista without a successor since he sold his label to BMG in the early 1990s.
June 2, 2001 |
Bertelsmann Music Group will lose a big chunk of its North American business in September when the German conglomerate loses its Canadian distribution deal with Zomba Music Group, home to such pop stars as Britney Spears, 'N Sync and the Backstreet Boys. Bertelsmann, which has relied on Zomba recordings to prop up its market share in Canada for nearly a decade, was told recently by the New York-based Zomba that it would not renew its deal.
May 7, 2001 |
Bertelsmann's chief executive has ruled out selling the German media group's recorded music division after a merger plan with EMI Group collapsed, a newspaper reported. "There will be no sale of BMG," Thomas Middelhoff was quoted as saying in the weekend edition of Germany's Sueddeutsche Zeitung.
January 20, 2001 |
Bob Jamieson, president of Bertelsmann Music Group's RCA record label, was elevated to chief executive of Bertelsmann's North America music operations as part of a reorganization of the company's management team. The move follows the appointment of former television executive Rolf Schmidt-Holtz to run the media giant's music division.
July 9, 1997 |
Hilary Rosen has been promoted to chief executive of the Recording Industry Assn. of America, the Washington-based trade group that represents the nation's largest record conglomerates. Rosen, the first woman to assume such a powerful position at the trade group, is highly regarded among competing record chiefs for her front-line role in the organization's recent anti-drug and anti-censorship efforts.
August 15, 2000 |
Bertelsmann is expected to sign a joint-venture label deal today with Arista Records founder Clive Davis worth an estimated $150 million--about half of what Davis originally sought, sources said. The agreement, following nearly a year of dramatic back-room battles, is likely to be announced late this afternoon.