Re: A Question about PolyGram and U2 rumors


Who needs bathrooms? ([email protected])
Thu, 24 Dec 1998 19:18:06 -0700


Nico scribed:

>Island will be merging with another label.

Excerpts from 13.12.98 U2news:

>From Addicted To Noise:

The release largely confirmed a reorganization plan that had been reported
weeks ago. Under the new structure, Island and Mercury will be merged into
a single label in New York. Also housed in New York will be Universal Records,
which will now include the famed R&B label Motown.

>From CNN:

*.Island Records and Mercury Records will be merged to form a more
powerful label from the combined rosters. Located in New York, this
label group will be headed by Jim Caparro as Chairman and John Reid as
President.

[Universal will consist of the following] Record Labels

The record labels under the aegis of UMG[Universal Music Group] include
A&M, Geffen, MCA, Universal, Interscope, Mercury, Island, London, Polydor,
Motown and Def Jam; country music's MCA Nashville and Mercury Nashville;
jazz's Verve, GRP and Impulse!; and classical's Decca, Philips and Deutsche
Grammophon.

Also from Addicted To Noise:

The merger will create the world's largest music company and pare the
"Big Six" record companies (Time Warner, Sony, Bertelsmann, EMI,
Universal and PolyGram) to five. The labels affected include Def Jam,
Geffen, Interscope, Island, Mercury and Motown.

-- 
Prarit....

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