Atlantic Records, WMG Extend Investment In Artist Partners Group; Mike Caren Upped To CEO/Artist Partners, WMG Creative Officer
February 9, 2016 at 8:26 AM (PT)
ATLANTIC RECORDS and WARNER MUSIC GROUP have strengthened their commitment to ARTIST PARTNERS GROUP, the music company founded by veteran ATLANTIC/WMG A&R executive MIKE CAREN. Under the terms of this new agreement, WMG has made a long-term A&R and Marketing investment in ARTIST PARTNERS, which was launched in 2013 as a sister company to CAREN’s ARTIST PUBLISHING GROUP (artistpg.com).
As part of this new deal, CAREN has recommitted to both ARTIST PARTNERS and WMG in a new dual role. Expanding his dedication to ARTIST PARTNERS, he has been named CEO of the company, while at the same time being promoted to the newly created position of Creative Officer for WMG.
ARTIST PARTNERS and ARTIST PUBLISHING have also announced the opening of new recording studio facilities in LOS ANGELES, which will serve as the company’s global headquarters.
CAREN commented, “Great artists and young executives have never been so dynamic, informed, and driven. Our goal is to amplify and execute their ideas without being beholden to any traditional industry rules. I like to think of ARTISTS PARTNERS as an indie major label that offers its talent the resources of a major with an independent’s entrepreneurial spirit and urge for experimentation.”
“Since joining the ATLANTIC family 20 years ago, MIKE has consistently stayed ahead of the curve,” said ATLANTIC Chairman/CEO CRAIG KALLMAN and Chairman/COO JULIE GREENWALD. “His A&R instincts are exceptional, and he has signed an amazing roster of artists across a range of genres -- recruiting groundbreaking talent and delivering a stream of hit records. Alongside his A&R chops, he is a gifted producer and songwriter, and also spearheaded the development of our recording studio operations in L.A. His vision for ARTIST PARTNERS is perfectly aligned with the future path of ATLANTIC and WMG – to foster creativity, excellence, and original thinking. We are thrilled to extend and expand our relationship with MIKE and his great team.”