Capitol Music Group

Capitol Music Group
Parent company
Founded 2007 (2007)
Distributor(s) Self-distributed
(In the US, the UK, France, Sweden, Canada, Australia, and NZ)
Universal Music Group
(Worldwide)
Genre Various
Country of origin United States
Location Capitol Records Building, Los Angeles, California
Official website http://www.capitolmusicgroup.com/

Capitol Music Group is an American-based front line umbrella label owned by Universal Music Group that oversees handling of record labels assigned to its Capitol Records division, and were inherited from its acquisition of EMI's recorded music catalog, save for Parlophone, which was sold to Warner Music in 2013. It is one of five umbrella labels owned by Universal Music—the other four being Interscope Geffen A&M, Island Records, Def Jam, and Republic Records.

History

The Capitol Music Group's headquarters are located at the Capitol Records Building in Hollywood.

Capitol Music Group was formed in February 2007 as a merger of Capitol Records and Virgin Records in an effort by EMI to restructure and save an average of $217 million yearly.[1] Both Virgin Records and Capitol Records, however, remain imprints of the label.[2]

Virgin Records CEO Jason Flom was named the head of the division, with Capitol Records CEO Andy Slater resigning after receiving a pension reportedly worth more than $15 million.[3] As the head of the label, Flom reports directly to EMI Group CEO Eric Nicoli.[4]

A total of 283 artists signed to Capitol Music Group, including Mims, LeToya Luckett, J. Holiday, Royal Bliss, Mack 10, Faith Evans, Fat Joe and since 2007, Katy Perry, Ferras, and Rucka Rucka Ali Prince Carter.[5] In 2014 both Morrissey and Neil Diamond were confirmed to have signed with Capitol Records, Morrissey having signed a two album deal. However, the latter was given to Parlophone as a result of that label's sale to Warner Music.

In 2010, Virgin Records was spun off from Capitol Music Group to form Virgin Music Group; as of 2013, however, the Virgin Music Group was dissolved, resulting in Virgin Records returning to its placement under CMG.

In November 2012, it was announced that Steve Barnett would become Chairman and CEO of the company.[6]

With EMI's absorption (sans Parlophone) into Universal Music Group complete, the Capitol Music Group is now part of UMG's five label units in the UK.[7] The Beatles have been confirmed to appear on Capitol UK.[8]

In April 2013, Robbie McIntosh was named head of Capitol's international operations.[9]

Sub-labels

South East Conglomerate LLC

See also

References

  1. ↑ USA Today. January 26, 2007; EMI to merge Capitol and Virgin labels; retrieved April 3, 2007
  2. ↑ Variety. January 25, 2007; EMI merging Capitol, Virgin; retrieved April 3, 2007
  3. ↑ New York Times. January 26, 2007; EMI Merging Record Labels and Ousting Capitol’s President; retrieved April 3, 2007
  4. ↑ Billboard Magazine. January 25, 2007; Capitol, Virgin Merged to Form Capitol Music Group; retrieved April 3, 2007
  5. ↑ Makena Technologies and Capitol Music Group Partner to Bring Music Artists Into There.com
  6. ↑ Steve Barnett to lead Capitol Music Group, L.A. Times
  7. ↑ http://www.billboard.com/biz/articles/news/digital-and-mobile/1552454/universal-music-uk-announces-launch-of-virgin-emi
  8. ↑ http://www.musicweek.com/news/read/steve-barnett-named-chairman-of-universal-s-capitol-records/052695
  9. ↑ http://www.billboard.com/biz/articles/news/global/1558286/robbie-mcintosh-named-head-of-international-at-capitol-music-group

External links

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