Concord Music Group

Starbucks Retools Entertainment Group, Cedes Control of Label

Authored by Mark Hefflinger on April 25, 2008 - 8:34am.

Seattle - Starbucks (NYSE: SBUX) announced on Friday that it is restructuring the entertainment side of its business, and, after just a year at the helm, will turn over management of its Hear Music record label to partner Concord Music Group. In connection with the change in strategy, Ken Lombard, SVP and president of Starbucks Entertainment, has left the company to pursue other business interests, while chief technology officer Chris Bruzzo was promoted to SVP and head of the Entertainment group.