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Capitol Music Group



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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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



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