Republic Records' Lipman brothers sign new agreement with Universal

Tom Pakinkis

Universal Music has signed a new deal with Republic Records founders Monte and Avery Lipman.

The label has been a part of Universal in one form or another since 1995.

The Lipman brothers have entered into a new long-term agreement with the major, with Monte and Avery taking the roles of CEO/president and COO respectively.

"Monte and Avery have established themselves as one of the industry's most formidable creative teams," said UMG chairman and CEO Lucian Grainge. "They are truly ...

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