http://industrydeathwatch.com/2010/02/16/grainge-pegged-as-new-umg-boss-so-who-all-is-filing-unemployment/ .... all the bad news that is fit to print. Thu, 04 Mar 2010 04:41:21 +0000 hourly 1 http://wordpress.org/?v=3.1.1 http://industrydeathwatch.com/2010/02/16/grainge-pegged-as-new-umg-boss-so-who-all-is-filing-unemployment/comment-page-1/#comment-111 decoder Thu, 04 Mar 2010 04:41:21 +0000 http://industrydeathwatch.com/?p=213#comment-111 UMG has announced that Lucian Grainge will be the next head honcho of the business, taking over from current CEO Doug Morris. Grainge takes over in July moving into swank digs in NYC.<br>So who all is getting let go as a result of this?<br>Word on the street is that Grainge is no fan of Mr. Reid<br>And there have been rumors of the impending label consolidation of Def Jam and Uni Motown, and Island and Uni Republic. I imagine IGA will be fine.<br>Assuming all holds well, three labels should come out instead of the clusterfuck that exists. Maybe eventually one or two.<br>Also rumor has it that more IT people were cut from UMG this past week. UMG has announced that Lucian Grainge will be the next head honcho of the business, taking over from current CEO Doug Morris. Grainge takes over in July moving into swank digs in NYC.
So who all is getting let go as a result of this?
Word on the street is that Grainge is no fan of Mr. Reid
And there have been rumors of the impending label consolidation of Def Jam and Uni Motown, and Island and Uni Republic. I imagine IGA will be fine.
Assuming all holds well, three labels should come out instead of the clusterfuck that exists. Maybe eventually one or two.
Also rumor has it that more IT people were cut from UMG this past week.

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