Rozay just made it known that he’s packing up and moving his entire Maybach Music Group company from Warner Bros. Music to rival label Atlantic Records where Jeezy is currently the Senior VP of A&R.
Reports Sohh:
While details are still gathering, Ricky Rozay reportedly broke the news Monday (December 10) night.
Now this comes out of nowhere. During his chat with Miami’s 99 Jamz last night, Rick Ross announced that his imprint Maybach Music Group has moved from Warner Music to its subsidiary Atlantic Records. The revelation wasn’t caught on video which we posted but the radio channel did confirm it on their Twitter. This is an interesting turn of events since Young Jeezy is currently the Senior VP of A&R at Atlantic Records which means he’s bound to have a big say in the music MMG releases from here on. Or we suppose. (HHNM)
Ross’ decision comes weeks after close business associate Lyor Cohen left his position as Warner Music Group’s chairman.
In making the announcement, Cohen said, “To all the artists and employees who live and die for the music every day, and who personally sacrifice for the good of the creative process: ‘keep on keepin’ on’ in the tradition of a company that respects and honors the artistic community.” Len Blavatnik, Chairman and founder of Access Industries, said, “I personally want to thank Lyor for his dedication and contributions to Warner Music. He has been both a business partner and personal friend and I wish him only the best.” Stephen Cooper, WMG’s CEO, said, “Lyor Cohen has built something very special here. While we understand his desire to move on to his next challenge, the enduring success of our recorded music division will serve as a great testament to the progress we’ve made during Lyor’s time at WMG. We are grateful for Lyor’s contributions, and we wish him the best. I’m confident that given the strength of our talented management team in Recorded Music, we’ll be able to drive further success.” Following Cohen’s departure, the company’s senior label executives will report directly to Stephen Cooper.
I see said the blind man. And now…
This is EbenGregory.com…telling you I guess so.
