Interscope Geffen A&M Records

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Interscope Geffen A&M Records
Umgheadquarters.jpg
Interscope Center in Santa Monica, California
Parent company Universal Music Group
a subsidiary of Vivendi S.A.
FoundedJanuary 1999;22 years ago (1999-01)
Distributor(s)
Country of originUnited States
LocationSanta Monica, California
Official website Official website

Interscope Geffen A&M Records (IGA), also known as A&M Records Group, is an American umbrella label owned by Universal Music Group, consisting of record labels Interscope Records, Geffen Records, and A&M Records.

Contents

History

Interscope Geffen A&M Records was established in 1999, following the PolyGram and MCA Music Entertainment merger (which created UMG). The label group was created by combining the MCA labels Interscope and Geffen Records with the PolyGram-owned A&M, which, at the time, became dormant. The label operated as one of the newly formed Universal Music Group's four umbrella companies, the other three being The Universal Motown Republic Group, Verve Records and The Island Def Jam Music Group. [1]

As a result of the merger, a significant percentage of artists and bands were dropped from A&M and Geffen, and though both continued to exist as labels, 280 jobs were eliminated and A&M's Charlie Chaplin lot offices were closed. The reorganization, expected to produce $300 million in savings annually, was described by the Los Angeles Times as underscoring the "changing economics and direction of the music business." [2] [3]

As independent labels, A&M and Geffen were revered and had achieved substantial commercial and artistic success. Both had been sold by their founders, however, and both had suffered from budget restraints and unproductive band signings over the previous years. At the time of the merger neither label had records in the Billboard Top 40 while Interscope had "defined the new sound of young America" with hit records from artists including Dr. Dre, Snoop Dogg, Tupac Shakur, Nine Inch Nails, No Doubt, Limp Bizkit, and Bush, among others. Interscope co-founders Jimmy Iovine and Ted Field were named co-chairmen of IGA at its launch. [4] [5]

In 2000 Universal Music Group became the first music corporation to break the $1-billion mark in EBITDA (earnings before interest, taxes, depreciation, and amortization). The company held the top position in music sales with 28.03% market share, and Interscope was the top-selling Universal label, with an 8.97% market share. [6]

In 2003, UMG acquired DreamWorks Records and in 2004 DreamWorks was merged with IGA. Artists including Blink-182, Papa Roach, Rise Against, Nelly Furtado, Lifehouse, AFI, the All-American Rejects, Jimmy Eat World and Rufus Wainwright were moved to the Geffen and Interscope imprints. [7]

In 2010, IGA and 19 Entertainment announced a strategic alliance to develop, distribute and globally market records by American Idol finalists and winning contestants. [8] In 2013, it fully acquired Octone Records, which had been established as a joint venture in 2007. [9] [10]

Iovine served as chairman and CEO of IGA until May 2014. He was succeeded by John Janick. [11]

Labels

Geffen Records

Interscope Records

Defunct

See also

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References

  1. Neil, Strauss (December 21, 1998). "A Major Merger Shakes Up the World of Rock". New York Times. Retrieved 27 September 2015.
  2. Hilburn, Robert and, Phillips, Chuck (January 22, 1999). "A&M Records Closes; Geffen Lays of". Los Angeles Times. Retrieved 27 September 2015.
  3. Essex, Andrew (July 23, 1999). "Music merger orphans artists". Entertainment Weekly. Retrieved 27 September 2015.
  4. Hilburn, Robert (January 23, 1999). "This Cut Is the Deepest". Los Angeles Times. Retrieved 1 October 2015.
  5. Wild, David (April 3, 1997). "Interscope Records: Inside the Hit Factory". Rolling Stone. Retrieved 1 October 2015.
  6. Hochman, Steve (December 31, 2000). "Being Bigger and Younger Sure Helped". Los Angeles Times. Retrieved 1 October 2015.
  7. Newman, Melinda (December 6, 2003). "Anthhony Expected to Head DreamWorks". Billboard. Retrieved 1 October 2015.
  8. Daily Double Staff (August 3, 2010). "Tuesday, August 3, 2010IDOL TO UMG'S IGA". Hits Daily Double. Hits Magazine. Retrieved 1 October 2015.
  9. Associated Press (February 21, 2007). "Interscope Geffen A&M forms new label". USA Today. Associated Press. Retrieved 1 October 2015.
  10. Billboard Staff (October 7, 2013). "Interscope Geffen A&M Acquires Remaining Share of A&M/Octone Records". Billboard. Retrieved 1 October 2015.
  11. Christman, Ed (May 28, 2014). "John Janick Replaces Jimmy Iovine Atop Interscope Geffen A&M". Hollywood Reporter. Retrieved 23 September 2015.