Capitol Music Group

Last updated
Capitol Music Group
Capitol Music Group.png
Parent company Universal Music Group (2012–present)
EMI (2007–2012)
Founded2007;14 years ago (2007)
FounderEMI
Distributor(s)Self-distributed
(United States, United Kingdom, Canada, Australia, New Zealand, France, Sweden)
Universal Music Group
(International)
GenreVarious
Country of originUnited States
Location Los Angeles, California
Official website capitolmusicgroup.com

Capitol Music Group (abbreviated as CMG) is an American front line umbrella label owned by the Universal Music Group (UMG). The company is run by Chairman & CEO Jeff Vaughn. It oversees handling of record labels assigned to UMG's Capitol Records division and was inherited from its acquisition of EMI's catalog [with the exception of Parlophone, which was sold to Warner Music Group (WMG) in 2013]. It is one of seven umbrella labels owned by UMG, the other six being Interscope Geffen A&M, Island Records, Def Jam Recordings, Republic Records, Verve Records, and Decca Records.

Contents

History

The Capitol Music Group's headquarters are located at the Capitol Records Building in Hollywood. Capitol Records Building Hollywood.jpg
The Capitol Music Group's headquarters are located at the Capitol Records Building in Hollywood.

Capitol Music Group was formed in February 2007 as a merger of Capitol Records and Virgin Records America in an effort by EMI to restructure and save an average of $217 million yearly. [1] Both Virgin Records and Capitol Records, however, remained imprints of the label. [2]

Virgin Records CEO Jason Flom was named the head of the division, with Capitol Records CEO Andy Slater resigning after receiving a pension reportedly worth more than $15 million. [3] As the head of the label, Flom reported directly to EMI Group CEO Eric Nicoli. [4]

A total of 283 artists signed to Capitol Music Group, including Mims, [5] LeToya Luckett, J. Holiday, Royal Bliss, Mack 10, Faith Evans, Fat Joe, and since 2007, Katy Perry, Ferras, and Rucka Rucka Ali. In 2014 both Morrissey and Neil Diamond were confirmed to have signed with Capitol Records, Morrissey having signed a two-album deal. However, the latter was given to Parlophone as a result of that label's sale to Warner Music.

In 2010, Virgin Records was spun off from Capitol Music Group to form Virgin Music Group; as of 2013, however, the Virgin Music Group was dissolved, resulting in Virgin Records returning to its placement under CMG. [6]

In November 2012, it was announced that Steve Barnett would become the chairman and CEO of the company. [7]

With EMI's absorption (sans Parlophone) into Universal Music Group complete, Capitol Music Group is now part of UMG's five label units in the UK. [8] The Beatles have been confirmed to appear on Capitol UK. [9]

In April 2013, Robbie McIntosh was named head of Capitol's international operations. [10]

In November 2016, the company's chairman and CEO Steve Barnett announced that the company has three endeavors planned out that include music, film and literary projects that pay tribute to eight decades' worth of artists signed to the label. [11]

In November 2020, Jeff Vaughn was named new Chairman/CEO, replacing Steve Barnett. [12]

Sub-labels

Labels managed

Through flagship label Capitol, CMG handles the back catalogs and has assumed the copyrights of master recordings from the following labels and sub-labels acquired or distributed by UMG's predecessor EMI throughout its existence:

See also

Related Research Articles

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References

  1. "EMI to merge Capitol and Virgin labels". USA Today. January 26, 2007. Retrieved April 3, 2007.
  2. "EMI merging Capitol, Virgin". Variety. January 25, 2007. Retrieved April 3, 2007.
  3. "EMI Merging Record Labels and Ousting Capitol's President". The New York Times. January 26, 2007. Retrieved April 3, 2007.
  4. "Capitol, Virgin Merged to Form Capitol Music Group". Billboard. January 25, 2007. Retrieved April 3, 2007.
  5. "Makena Technologies and Capitol Music Group Partner to Bring Music Artists Into There.com". PR Newswire. June 28, 2007. Archived from the original on September 29, 2007. Retrieved September 28, 2007.
  6. "Forty years of Virgin: How Richard Branson's eccentric record label changed the charts". The Independent. May 24, 2013. Retrieved December 4, 2018.
  7. "Steve Barnett to lead Capitol Music Group". Los Angeles Times. November 26, 2012. Retrieved November 28, 2012.
  8. "Universal Music UK Announces Launch of Virgin EMI Records". Billboard. March 18, 2013. Retrieved April 4, 2013.
  9. "Universal's Capitol takes shape: Barnett in, Beatles on roster". MusicWeek.com. November 26, 2012. Retrieved April 7, 2013.
  10. "Robbie McIntosh Named Head of International at Capitol Music Group". Billboard. April 16, 2013. Archived from the original on June 23, 2013. Retrieved April 17, 2013.
  11. "Capitol Records Celebrates 75th Anniversary With Vinyl Reissues, Essay Book & Docuseries". Billboard.com. November 1, 2016. Retrieved November 18, 2016.
  12. "Capitol Music Group's Steve Barnett to retire, Jeff Vaughn and Michelle Jubelirer to lead company from January 2021". MusicBusinessWorldwide.com. November 5, 2020. Retrieved November 5, 2020.