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BMG North America Consolidates U.S. Labels, Names Clive Davis CEO

Authored by Mark Hefflinger on February 3, 2004 - 1:54am.
New York -- Major record label BMG, a unit of German media conglomerate Bertelsmann, announced that it has named Arista Records founder Clive Davis as chairman and CEO of BMG North America. Davis previously served as chairman and CEO of RCA Music Group, which was created when the other label Davis founded, J Records, merged with RCA Records in 2002. BMG North America will combine many of the company's label operations -- including those of Arista, J, RCA, and Jive -- allowing administrative operations and certain support functions at the record labels to be consolidated. BMG chairman and CEO Rolf Schmidt-Holtz said that the hiring of Davis and consolidation of operations "improves our ability to compete in today's marketplace and will help us address future challenges. BMG has achieved great artistic and commercial success, but the continuing difficulties in the worldwide music market requires us to be well prepared for the future. The new structure will efficiently strengthen our focus on our creative centers."
http://www.bmgentertainment.com
tags: North America | BMG | CEO | U.S | Clive Davis |

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