"I felt their passion and love for music when I met with them, and I knew I was home," Shelton said in a statement.
The longtime executive is leaving the music business to study religion and theology.
The new executive structure will include several Atlantic veterans as well as former 10K Projects executives, as the new-look Atlantic takes shape.
UMG succeeded in providing a vision for the future of streaming and believable financial targets, according to a handful of equity analysts.
This year’s restructuring plan has reduced WMG’s head count by 750 and will save $260 million annually.
Alemeda has signed with Top Dawg Entertainment (TDE) and Warner Records, Billboard can exclusively announce Friday (Sept. 20).
Warner Music CEO Robert Kyncl announced that additional employees will be departing the label as Elliot Grainge prepares to take over as CEO.
"All good things come to an end and I’ve decided it’s the right moment for me to move on."
The deal is about “developing further global reach and innovative solutions for the benefit of the music industry,” says Artone CEO Jan Willem Kaasschieter.
The exclusive alliance will focus on the development of the indie's roster, which includes Calle 24, Clave Especial and Armenta.
