Everything about Capitol Music Group totally explained
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. Both Virgin Records and Capitol Records, however, will remain imprints of the label.
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. As the head of the label, Flom will report directly to EMI Group CEO Eric Nicoli.
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. CMG is also home to
Fat Joe.
Sub-labels
Further Information
Get more info on 'Capitol Music Group'.
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