RedOne's 2101 Records Signs Worldwide Partnership Agreement With Capitol Records Group
May 1, 2013 at 9:06 AM (PT)
CAPITOL RECORDS has signed an exclusive multi-year, worldwide agreement with multi-GRAMMY AWARD-winning producer, songwriter and music executive RedOne (NADIR KHAYAT) that will bring his 2101 RECORDS to the company, and base its operations at the company’s CAPITOL RECORDS TOWER in HOLLYWOOD. The announcement was made today by CAPITOL MUSIC GROUP Chairman/CEO STEVE BARNETT. 2101 RECORDS GM RAY DE LA GARZA will also be moving to the tower.
BARNETT commented, "RedOne is a true visionary and one of the most well-rounded and talented figures in music. He can do it all, but we’re especially relying on his acumen as an executive and his commitment to discovering and guiding new talent through 2101 RECORDS to bring success to our partnership and enhance CAPITOL’s reputation as a welcoming home for artists in all genres of music. I welcome RedOne to CAPITOL and look forward to many years of shared success with him and 2101 RECORDS."
"RedOne is an outstanding producer, gifted songwriter and savvy music executive all rolled into one," said UMG Chairman/CEO LUCIAN GRAINGE. "As UNIVERSAL MUSIC GROUP builds out an unrivaled team of the industry's finest creative executives, I am thrilled that we are extending our relationship with RedOne, and that he will be working with the incredible team STEVE BARNETT has built at CAPITOL."
"TODAY is truly a monumental day for 2101 RECORDS, and marks an exciting new chapter in my career. CAPITOL RECORDS is a great partner for us, and we can’t wait to bring our artists’ to music fans around the world under 2101 RECORDS/CAPITOL. I look forward to working with STEVE, LUCIAN and my amazing team to drive 2101 to preeminence in the days, weeks, months, and years to come," stated RedOne.
Initial 2101 RECORDS artists include pop quintet MIDNIGHT RED, industrial-rock pop artist PORCELAIN BLACK and Hybrid Indy Rock/Electro Hip-Hop band 7LIONS. The label plans to announce some highly anticipated new signings and releases in the very near future.