Has The Doug Morris To Sony Move Been Complicated By The Barry Weiss To Universal Move?
February 7, 2011 at 5:10 AM (PT)
Has the expected move of UNIVERSAL MUSIC GROUP Chairman DOUG MORRIS to SONY MUSIC ENTERTAINMENT hit a brick wall? THE NEW YORK POST reports UMG isn't excited about seeing MORRIS move to 550 Madison Ave.
"They just don't want MORRIS moving out with all [UNIVERSAL's] business plans," said one source to THE POST.
It has been long rumored that MORRIS would replace current SONY Chairman/CEO ROLF SCHMIDT-HOLTZ, who is set to exit on MARCH 31st.
The report claims part of the difficult negotiations involves the announced move of BMG LABEL GROUP Chairman/CEO BARRY WEISS to a high-ranking post at the UNIVERSAL MUSIC GROUP. WEISS is "said to want to take a group of people with him to UNIVERSAL. Similarly, MORRIS is expected to be followed by his closest executives," wrote CLAIRE ATKINSON.