WMG Creates Independent Label Group; Names Todd Mocowitz President
April 6, 2006 at 4:17 PM (PT)
WARNER MUSIC GROUP (WMG) today named ASYLUM Pres. TODD MOSCOWITZ as Pres. of the newly-created INDEPENDENT LABEL GROUP (ILG), which is composed of WMG's ASYLUM RECORDS, EAST WEST RECORDS and CORDLESS RECORDINGS, effective immediately. Based in NEW YORK CITY, MOSCOWITZ will continue to report to WEA CORP. Pres. and CEO JOHN ESPOSITO.
WMG U.S. Record Music Chairman and CEO LYOR COHEN commented, "The INDEPENDENT LABEL GROUP is designed to provide entrepreneurs the resources to organically grow their business. Recognizing that each indie label has unique needs, ILG will work hand in hand with independent artists and executives, providing an individualized support system, so each label can achieve their creative or business goals. TODD is an entrepreneur, through and through, and it's hard to believe that in less than two years he and his small team have translated that entrepreneurial spirit into a variety of label partnerships that have led to amazing artist successes with MIKE JONES, PAUL WALL, WEBBIE and BUN B among others. I couldn't imagine a more appropriate executive to oversee this group of labels."