IGA Buys Out The Rest Of Octone Records
October 7, 2013 at 12:13 PM (PT)
INTERSCOPE GEFFEN A&M will acquire the remaining 50% share of the A&M/OCTONE joint venture from OCTONE RECORDS. Formed in 2007, the joint venture was scheduled to conclude in mid-2014.
CEO/Pres. JAMES DIENER and A&M/OCTONE signed and developed MAROON 5, HOLLYWOOD UNDEAD, FLYLEAF and K'NAAN, among others. "JAMES and everyone at A&M/OCTONE created a fantastic home for their artists, and their commitment to that roster has been unparalleled," IGA Pres./COO JOHN JANICK said. "We wish JAMES nothing but the best as he embarks on his next venture."
"On behalf of the entire A&M/OCTONE executive team, I want to extend sincere thanks to JIMMY IOVINE, JOHN JANICK and INTERSCOPE GEFFEN A&M for an incredible partnership over the past six years," DIENER said. "We are also indebted to LUCIAN GRAINGE and the worldwide UNIVERSAL MUSIC family, who took exceptional care of our artists and projects throughout the relationship."