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Capitol Music Group

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Capitol Music Group
File:Capitol-music-group-logo.jpg
Parent company
Founded2007 (2007)
Distributor(s)Self-distributed
(United States, United Kingdom, Canada, Australia, New Zealand, France, Sweden)
Universal Music Group
(International)
GenreVarious
Country of originUnited States
LocationLos Angeles, California, United States
Official websitecapitolmusicgroup.com

Capitol Music Group (abbreviated as CMG) is an American front line umbrella label owned by the Universal Music Group (UMG). It oversees handling of record labels assigned to UMG's Capitol Records division and were inherited from its acquisition of EMI's catalog (save for Parlophone, which was sold to Warner Music Group (WMG) in 2013). It is one of five umbrella labels owned by UMG, with the other four being Interscope Geffen A&M, Island Records, Def Jam Recordings and Republic Records. Labels distributed under the CMG brand include Capitol Records, Virgin Records, Motown Records, Blue Note Records, Astralwerks, Harvest Records, Capitol Christian Music Group, Priority Records, Atom Factory Entertainment and Deep Well Records.[1]

History

The Capitol Music Group's headquarters are located at the Capitol Records Building in Hollywood.

Capitol Music Group was formed in February 2007 as a merger of Capitol Records and Virgin Records America in an effort by EMI to restructure and save an average of $217 million yearly.[2] Both Virgin Records and Capitol Records, however, remain imprints of the label.[3]

Virgin Records CEO Jason Flom was named the head of the division, with Capitol Records CEO Andy Slater resigning after receiving a pension reportedly worth more than $15 million.[4] As the head of the label, Flom reports directly to EMI Group CEO Eric Nicoli.[5]

A total of 283 artists signed to Capitol Music Group, including Mims, LeToya Luckett, J. Holiday, Royal Bliss, Mack 10, Faith Evans, Fat Joe and since 2007, Katy Perry, Ferras, and Rucka Rucka Ali Prince Carter.[6] In 2014 both Morrissey and Neil Diamond were confirmed to have signed with Capitol Records, Morrissey having signed a two album deal. However, the latter was given to Parlophone as a result of that label's sale to Warner Music.

In 2010, Virgin Records was spun off from Capitol Music Group to form Virgin Music Group; as of 2013, however, the Virgin Music Group was dissolved, resulting in Virgin Records returning to its placement under CMG.

In November 2012, it was announced that Steve Barnett would become Chairman and CEO of the company.[7]

With EMI's absorption (sans Parlophone) into Universal Music Group complete, the Capitol Music Group is now part of UMG's five label units in the UK.[8] The Beatles have been confirmed to appear on Capitol UK.[9]

In April 2013, Robbie McIntosh was named head of Capitol's international operations.[10]

In November 2016, the company's Chairman and CEO Steve Barnett announced that the company has three endeavors planned out that include music, film and literary projects that pay tribute to eight decades worth of artists signed to the West Coast label.[11]

Sub-labels

See also

References

  1. ^ "Capitol Music Group". Universalmusic.com.
  2. ^ USA Today. January 26, 2007; EMI to merge Capitol and Virgin labels; retrieved April 3, 2007
  3. ^ Variety. January 25, 2007; EMI merging Capitol, Virgin; retrieved April 3, 2007
  4. ^ The New York Times. January 26, 2007; EMI Merging Record Labels and Ousting Capitol’s President; retrieved April 3, 2007
  5. ^ Billboard. January 25, 2007; Capitol, Virgin Merged to Form Capitol Music Group; retrieved April 3, 2007
  6. ^ Makena Technologies and Capitol Music Group Partner to Bring Music Artists Into There.com
  7. ^ Steve Barnett to lead Capitol Music Group, Los Angeles Times
  8. ^ Billboard
  9. ^ Musicweek.com
  10. ^ Billboard
  11. ^ "Capitol Records Celebrates 75th Anniversary With Vinyl Reissues, Essay Book & Docuseries". Billboard.com. Retrieved 18 November 2016.
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