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interesting piece in the New York Times mentions Sony wanting to bid "aggressively" for Cash Money and all its artists... Baby's bank account is about to get a lot bigger.
http://www.nytimes.com/2011/11/08/bu...pagewanted=all
http://www.nytimes.com/2011/11/08/bu...pagewanted=all
Mr. Morris started his career in the 1960s as a songwriter (he co-wrote the Chiffons’ “Sweet Talkin’ Guy”) and held top positions at Atlantic Records and the Warner Music Group before Edgar M. Bronfman Jr. hired him in 1995 to run the collection of labels that would become the Universal Music Group.
Late last year, Mr. Morris stunned the industry when it emerged that he would take over Universal’s biggest competitor, going head-to-head against his former protégé, Lucian Grainge, Universal’s new chairman. The two are expected to bid aggressively for artists and for Cash Money and Big Machine, two independent labels whose distribution deals with Universal are expiring soon.
Late last year, Mr. Morris stunned the industry when it emerged that he would take over Universal’s biggest competitor, going head-to-head against his former protégé, Lucian Grainge, Universal’s new chairman. The two are expected to bid aggressively for artists and for Cash Money and Big Machine, two independent labels whose distribution deals with Universal are expiring soon.
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