Genre Various Official website capitolmusicgroup.com | Country of origin United States Founded 2007 | |
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Distributor(s) Self-distributed(United States, United Kingdom, Canada, Australia, New Zealand, France, Sweden)Universal Music Group(International) Location Los Angeles, California, United States Headquarters Los Angeles, California, United States Artists Katy Perry, Lil Yachty, Jolin Tsai, Spice Girls, Marina Kaye Albums Mini World, I Nomadi, Gli spari sopra, Per Quando Noi Non, Guccini Live Collection | ||
Jason flom ceo of capitol music group on why 360 deals are good for major labels
Capitol Music Group (abbreviated as CMG) is an American front line umbrella label owned by the Universal Music Group (UMG). It oversees handling of record labels assigned to UMG's Capitol Records division and were inherited from its acquisition of EMI's catalog (save for Parlophone, which was sold to Warner Music Group (WMG) in 2013). It is one of five umbrella labels owned by UMG, with the other four being Interscope Geffen A&M, Island Records, Def Jam Recordings and Republic Records. Labels distributed under the CMG brand include Capitol Records, Virgin Records, Motown Records, Blue Note Records, Astralwerks, Harvest Records, Capitol Christian Music Group, Priority Records, Atom Factory Entertainment and Deep Well Records.
Contents
- Jason flom ceo of capitol music group on why 360 deals are good for major labels
- History
- Sub labels
- References
History
Capitol Music Group was formed in February 2007 as a merger of Capitol Records and Virgin Records America in an effort by EMI to restructure and save an average of $217 million yearly. Both Virgin Records and Capitol Records, however, 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 reports directly to EMI Group CEO Eric Nicoli.
A total of 283 artists signed to Capitol Music Group, including Mims, LeToya Luckett, J. Holiday, Royal Bliss, Mack 10, Faith Evans, Fat Joe and since 2007, Katy Perry, Ferras, and Rucka Rucka Ali. In 2014 both Morrissey and Neil Diamond were confirmed to have signed with Capitol Records, Morrissey having signed a two album deal. However, the latter was given to Parlophone as a result of that label's sale to Warner Music.
In 2010, Virgin Records was spun off from Capitol Music Group to form Virgin Music Group; as of 2013, however, the Virgin Music Group was dissolved, resulting in Virgin Records returning to its placement under CMG.
In November 2012, it was announced that Steve Barnett would become Chairman and CEO of the company.
With EMI's absorption (sans Parlophone) into Universal Music Group complete, the Capitol Music Group is now part of UMG's five label units in the UK. The Beatles have been confirmed to appear on Capitol UK.
In April 2013, Robbie McIntosh was named head of Capitol's international operations.
In November 2016, the company's Chairman and CEO Steve Barnett announced that the company has three endeavors planned out that include music, film and literary projects that pay tribute to eight decades worth of artists signed to the West Coast label.