Universal Music Group has sold off its last two remaining EMI assets it was required to divest of as part of its acquisition of EMI’s recorded-music properties, a source close to the situation told Billboard.biz today. The assets are EMI’s European rights to the Now That’s What I Call Music!... Read more...
Lyor Cohen, Chairman/CEO of Recorded Music for Warner Music Group, is stepping down from his post effective September 30, the company announced today. He had been at Warner since 2004, beginning as Chairman and CEO, US Recorded Music in March of that year. Former EMI CEO Roger Faxon -- who just... Read more...