(AllAccess) The rumors have been flying for weeks ... and today, reality hit home as the UNIVERSAL MOTOWN roster, including the remainder of CASH MONEY and SRC artists, migrated over to sister label UNIVERSAL REPUBLIC, with most of the UNIVERSAL MOTOWN staff leaving the company.
Meanwhile, the UNIVERSAL MOTOWN imprint becomes part of ISLAND DEF JAM MUSIC GROUP.
In addition, the UNIVERSAL MOTOWN REPUBLIC GROUP (UMRG) and ISLAND DEF JAM MUSIC GROUP (IDJMG) have outlined a new centralized back-office structure to dramatically increase artist investments across its labels.
While UMRG and IDJMG will continue to operate as separate label groups, they will benefit from the centralization of select back-office functions which include legal, finance, international and digital.
LAMediaWatch.com
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