Jason Flom To Head New 'Capitol Music Group'
January 25, 2007 at 3:07 PM (PT)
EMI GROUP is merging CAPITOL and VIRGIN into the newly formed CAPITOL MUSIC GROUP, which the company calls a "front line pop, rock and urban label group." JASON FLOM has been named Chairman/CEO.
FLOM, previously Chairman/CEO of VIRGIN RECORDS AMERICA, reports directly to EMI GROUP CEO ERIC NICOLI and will oversee the combined CAPITOL and VIRGIN rosters in the U.S.
NICOLI said, "The music business shows exciting growth potential, but the environment remains extremely challenging. In order to thrive and meet the demands of a rapidly evolving and dynamic music market, we must rethink our operations, not only to make them efficient, but also more effective and focused on creative excellence. By bringing CAPITOL and VIRGIN into one label group, we will be better equipped than ever to promote and nurture artistic talent. We remain strongly committed to developing artists in AMERICA in all genres as this is a key repertoire source for the world, and to that end, we will maintain our A&R focus and keep a presence in both L.A. and NEW YORK. This structure will also allow us to further build our digital capability.
By bringing Capitol and Virgin into one label group, we will be better equipped than ever to promote and nurture artistic talent.
"JASON FLOM quickly demonstrated his leadership and artist-development abilities since he has been at VIRGIN. I am confident that he will take us to new levels of success in the rock, pop and urban genres as leader of the CAPITOL MUSIC GROUP."
ANDREW SLATER, who has been President/CEO of CAPITOL RECORDS in the U.S. since 2001, has stepped down from his post.
"I would like to thank ANDY for his contribution to CAPITOL and EMI over the past six years and wish him well in all that he does in the future," said NICOLI.
The formation of this combined U.S. label group is part of EMI GROUP's recently announced restructuring program, designed to deliver $217 million in annual savings across its business.
BLUE NOTE LABEL GROUP President/CEO BRUCE LUNDVALL will continue to report directly to NICOLI, as will EMI MUSIC NORTH AMERICA COO IVAN GAVIN and CFO COLIN FINKELSTEIN.
EMI MUSIC MARKETING President RONN WERRE, CAPITOL/NASHVILLE President/CEO MIKE DUNGAN, EMI CHRISTIAN MUSIC GROUP Chairman/CEO & President BILL HEARN and CAROLINE DISTRIBUTION GM/SVP BILL HEIN will all continue to report to IVAN GAVIN.
NICOLI added, "The combined CAPITOL MUSIC GROUP under JASON FLOM will become part of a portfolio of labels that position us to be best-of-class in all genres in the U.S. market: the new CAPITOL MUSIC GROUP, our very successful CAPITOL/NASHVILLE label, the market-leading EMI CHRISTIAN MUSIC GROUP, the BLUE NOTE LABEL GROUP aimed at the adult music buyer, our U.S. Latin label EMI TELEVISA MUSIC, EMM's terrific catalog business, and CAROLINE as a full-service distribution and marketing arm for the independent label area."
EMI Music Reactive Folds
As part of the restructuring under CAPITOL MUSIC GROUP, the EMI MUSIC REACTIVE label is being closed. Those affected include:
VP/Promotion CHERYL BROZ, (615) 293-9867
Dir./Nat'l Promotion & Marketing JEFFREY NAUMANN, (818) 706-3864, email@example.com
MIDWEST Regional Promotion SHARON SUCHOVAL, (616) 669-5322, firstname.lastname@example.org
SOUTHEAST Regional DARRIN SCHNUR, (678) 592-0846, email@example.com
SOUTHWEST Regional KATHY ROMERO, (214) 202-7302, firstname.lastname@example.org
N. Central CRAIG DIABLE, (859) 371-0865, email@example.com
Promotion Asst. ALISA BOWMAN, (615) 202-6635
EMI MUSIC REACTIVE's HOLLY McCORMACK and MICHAEL FANG are joining CAROLINE RECORDS.