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Capitol Music Group
From Wikipedia, the free encyclopedia
| 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.[5]
As of late June 2007, Capitol Music Group started a partnership with Makena Technologies, parent company of There.com, an online virtual world. A total of 283 artists signed to CMG. Artists like Mims, Letoya Luckett, J. Holiday, The Game, Royal Bliss, Mack 10, Bizzy Bone, Faith Evans and Ice Cube are signed to the label. [6]CMG is also home to Fat Joe.
- Angel Records (US)
- Apple Records
- Capitol Records, Inc.
- American King Music
- Manhattan Records
- Priority Records
- Lench Mob Records
- Terror Squad Entertainment
- Virgin Records
- 10 Records
- Astralwerks
- Circa Records (traded as EMI/Virgin strategic marking TV label from 90s)
- S-Curve Records
- Siren Records
- VC Recordings - also traded as Hut Records
- ^ USA Today. January 26, 2007; EMI to merge Capitol and Virgin labels; retrieved April 3, 2007
- ^ Variety. January 25, 2007; EMI merging Capitol, Virgin; retrieved April 3, 2007
- ^ New York Times. January 26, 2007; EMI Merging Record Labels and Ousting Capitol’s President; retrieved April 3, 2007
- ^ Billboard Magazine. January 25, 2007; Capitol, Virgin Merged To Form Capitol Music Group; retrieved April 3, 2007
- ^ Associated Content. February 22, 2007; Capitol Records Drops Artists, Merger; retrieved April 3, 2007
- ^ http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-28-2007/0004617006&EDATE=