10.4.17 WBR Announces New CEO, Adam's Coming Home
Oct 3, 2017 22:53:08 GMT -5
Post by tinafea on Oct 3, 2017 22:53:08 GMT -5
Adam's On His Way Home
https://www.instagram.com/p/BZym8NygoYi
WBR Announces New CEO and COO
Meet the New Boss: Warner Bros. Records Gets New CEO and COO
Aaron Bay-Schuck named CEO and Tom Corson was named COO, a new role for the label
By Anne Steele
Oct. 3, 2017 2:17 p.m. ET
Warner Music Group installed new leadership at its flagship label, Warner Bros. Records, a day after the world’s third-largest music company named a new recorded-music chief.
Outsiders will take the two top spots at the Warner Bros. label, home to Adam Lambert, Eric Clapton and Sheryl Crow. The label’s new chief executive will be Aaron Bay-Schuck, currently the president of Interscope Geffen A&M records. Longtime RCA Music Group executive Tom Corson was named chief operating officer, a new role for Warner Bros. Both will also take on the co-chairman title and report to Max Lousada, 44 years old, who on Monday started as Warner Music’s CEO of recorded music, overseeing the Warner Bros.
and Atlantic Records labels.
Warner Music is owned by billionaire Len Blavatnik’s Access Industries Inc.
The changes come after several years of management turbulence at one of the nation’s largest music labels. Warner Bros. Records has seen frequent turnover in its highest ranks since a shake up began in 2010 with the departure of longtime CEO Tom Whalley.
The label’s leadership is also skewing younger. Mr. Corson, 56, will manage the label’s operations while Mr. Bay-Schuck, 36, steers its creative direction. Current chairman and CEO Cameron Strang will step down at the end of the year; start dates for the duo replacing him haven't been announced yet.
After struggling for more than a decade to adapt to the digital era, the global music industry has started a slow recovery in the past two years, as subscription services such as Spotify AB and Apple Music have gained sufficient traction to reverse a long slide in revenue for record labels. Still, sales remain far below their peak in 1999, and the industry as a whole is wary of declaring its woes a thing of the past.
Mr. Bay-Schuck oversaw creative development at Vivendi SA’s Interscope Geffen A&M, working with artists including Imagine Dragons, Lady Gaga and Selena Gomez. Mr. Corson has been with Sony Corp.’s RCA since 2000—most recently as COO—and has had a hand in developing many artists including Alicia Keys, Sia and Usher.
www.wsj.com/articles/meet-the-new-boss-warner-bros-records-gets-new-ceo-and-coo-1507054657