Warner to launch new classical label, integrate Virgin and EMI Classics catalogues
WMG hopes that its acquisition of Parlophone Label Group will drive new efforts in the classical genre and catalogue strategy, as well as strengthening the major’s roster in Continental Europe.
In a memo to staff, handed to Music Week, Warner Music Group CEO Steve Cooper says that the February acquisition of PLG for £487m cash “will accelerate some of our existing strategies as well as creating potential for us in new areas.”
On the classical genre, Cooper says: “Our ...
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