Top Executives Depart Major Record Label Sony BMGAuthored by Mark Hefflinger on June 2, 2006 - 12:06pm.
New York - Major record label Sony BMG Music Entertainment announced on Thursday that the chairman and president of its Sony Music Label Group have resigned from the company, part of an ongoing shake-up of the company's executives since the 2004 merger of Sony and BMG. Sony Music chairman Don Ienner and president Michele Anthony, both industry veterans, stepped down on Thursday. The New York Times reported that the company has seen much infighting between U.S. executives at Sony Music and BMG since the merger of the labels, over executive salaries and marketing of artists. The company also faced an embarrassing and costly recall of CDs -- and still faces several lawsuits and an FTC inquiry -- after it was discovered that anti-piracy software embedded on the discs could open computers to malicious attacks. Rob Stringer, chairman and CEO of Sony BMG's U.K. unit, and brother of Sony chairman Howard Stringer, will take over as president of Sony Music Label Group in the U.S. on Sept. 1; Sony BMG COO Tim Bowen will helm the company until then.
http://www.nytimes.com/2006/06/02/technology/02sony.html http://www.sonybmg.com |
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