British exec Toby Andrews took over as GM of Capitol Music Group-owned dance label Astralwerks last year and has guided it to the No.1 dance label position in the US...
A report from British tabloid The Sun published yesterday (October 16) suggested that chart-topping Atlantic Records UK artist Stormzy had a crucial hand in the exit of Ben Cook from the label. Atlantic parent Warner Music Group has just issued a categorical denial of the claim. “That’s simply not true,” a Warner spokesperson told MBW. … Continued
"[There is] continuing process for the potential sale of an additional minority stake in UMG to other partners. Some have already expressed an interest in investing at a similar price level."