Get the latest gossip
Universal Music Group Announces Label Restructure, With Monte Lipman and John Janick as Leaders
In the new model, Lipman will oversee Republic, Def Jam, Island and Mercury, while Janick will oversee Interscope, Capitol, Motown and others.
“As our labels continue to maintain their creative A&R and marketing independence, unique identities, and entrepreneurial spirit, they’ll also be provided with access to the talent and resources best able to support their rosters and bring them to new levels of success,” Grainge wrote in the memo, obtained by Billboard. These and other developments will also power some of the other initiatives I outlined in my New Year’s note, including super-fan and audience monetization, state-of-the-art D2C, e-commerce, branding and more.” Adam Gardner and Lucian Grainge at the Billboard Power 100 Event held at NeueHouse Hollywood on January 31, 2024 in Los Angeles, California.
Or read this on Billboard