2011 started off with major shuffles in the music industry. CitiGroup took control of EMI, Universal & Sony Music basically swapped executives and now Warner Music Group is on the block and bids are coming in fast. But what would all this mean for WMG CEO Lyor Cohen? Well for starters he stands to make some millions from the sale being that he owns a piece of the action. But it may also mean that he could be jobless once a deal closes and WMG is in new hands. More...
Wednesday, March 23, 2011
Warner Music Group's Lyor Cohen May be Out of a Job Soon
2011 started off with major shuffles in the music industry. CitiGroup took control of EMI, Universal & Sony Music basically swapped executives and now Warner Music Group is on the block and bids are coming in fast. But what would all this mean for WMG CEO Lyor Cohen? Well for starters he stands to make some millions from the sale being that he owns a piece of the action. But it may also mean that he could be jobless once a deal closes and WMG is in new hands. More...
