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.
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