Tuesday, March 23, 2010
Major movement and decisions being made inside the largest of the big four music corporations. Check out these recent headlines and links on what's happening inside Universal UMG.
Updated: UMG To Launch U.S. Pricing Test
March 18, 2010
By Ed Christman, N.Y.
The Universal Music Group could rewrite U.S. music pricing when it tests a new frontline pricing structure, which is designed to get single CDs in stores at $10, or below.
Max Hole To Fill UMGI Leadership Role
March 15, 2010 - Global
By Andre Paine, London
Max Hole has been promoted to COO of Universal Music Group International (UMGI), following the confirmation last month that Lucian Grainge will become UMG's CEO.
Hole's new London-based role takes effect from July 1. He will report to Grainge, currently UMGI Chairman/CEO, who will maintain operational responsibility for the U.K. and French businesses when he heads up UMG.
Doug Morris is stepping down after 15 years. The man that started it all will still remain on the board according to this wiki update.
CEO Doug Morris is planning on stepping down from his position in the summer of 2010. UMG Is expected to promote its Chairman/CEO of Universal Music International Lucian Grainge to CEO of the company next year. Morris, who turned 71 in December 2009, is not expected to retire and will likely retain his title as chairman of UMG and remains a member of Vivendi's management board. LINK