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.
Thisizlondon is currently working on his debut project under LVRN.
The executive co-founded the WMG-owned label a decade ago.
Brett Eldredge tells Billboard about launching his own label and about his upcoming third holiday album, "Merry Christmas (Welcome to the Family)."
Cargo Independent Distribution will maintain its U.K./Ireland fulfillment relationship with Proper/Utopia.
