Capitol Music Group

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Capitol Music Group
Parent company EMI
Founded 2007
Distributing label Capitol Music Group
Genre various
Country of origin USA
Official website Official Site of Capitol Records

Capitol Music Group is a major record label, owned by EMI. It was formed in February 2007 as a merger of Virgin Records and Capitol Records in an effort by EMI to restructure and save an average of $217 million yearly.[1] Both Virgin Records and Capitol Records, however, will 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 will report directly to EMI Group CEO Eric Nicoli.[4]

As a result of the merger, promotion was halted and many acts were dropped from both Virgin Records and Capitol Records, including Janet Jackson and Fischerspooner.

A total of 283 artists signed to CMG. Artists like Mims, Letoya Luckett, J. Holiday, Royal Bliss, Mack 10, Bizzy Bone and Faith Evans are signed to the label. [5]CMG is also home to Fat Joe.

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[edit] 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