CEO Robert Kyncl outlined a new policy to take effect later this year designed to increase collaboration and enhance relationships across the company.
Recorded music revenue rose nearly 8%, thanks to a strong slate of releases led by Ed Sheeran, Linkin Park and Melanie Martinez.
Also this week: Joe Cocker's estate partners with Iconic Artists, Warner launches a music accelerator program with Polygon Labs and more.
Two years after being named president, Kreidich looks back at how ADA has been reorganized -- and how she's helped set it on a course for the future.
Trapp is also the CEO of specialty retailer EMP, acquired by WMG in 2018.
Executives say a soft release schedule dampened revenue growth in the last two quarters. Data suggests the next two quarters will be better.
The third-largest label marked the second straight quarter of lackluster results for its recorded music division, with revenue roughly flat over the year-ago period.
During the company's earnings call on Tuesday, the CEO also said the company will "ensure that protection of intellectual property is high on the agenda."
Gregg Nadel will now helm the label solo as Easterlin steps into a consultancy role at Warner Music Group's artist services division WMX.
Also this week: Columbia Records UK has a new A&R head, mprs Global taps a COO and more.
