Musical Chairs At The Major Record Labels
from the down-with-the-ship dept
The one thing that the major record labels could really use at this point is an injection of new blood from folks who actually understand technology and where the market is headed. There are a few such folks out there, but they seem few and far between. Instead, it appears that the major labels are simply playing musical chairs at the top. Hypebot has this rather ridiculous report of some ongoing shifts among major label management:
At the same time, Doug Morris, out as Universal Music's CEO, but still its figurehead chairman until the end of 2011, is negotiating an early release so that he can run Sony when CEO Rolf Schmidt-Holtz's tenure ends in April. Along with Morris some of his top lieutenants could reportedly jump ship as well.Doug Morris, of course, is the guy who publicly announced to the world that he was too clueless to understand modern technology or business models. Actually, he admitted he was so clueless he didn't even know enough to hire people who could help him. And he still kept his job after that. I still can't quite fathom how any board of directors allows such a CEO to remain in place. And I'm curious as to what Sony is thinking in now hiring someone who has publicly said that he's completely unprepared to deal with the modern challenges of the market. But, of course, since all of these execs are simply swapping seats, it's just an insider's club where they pat each other on the back as the companies they lead continue to fail to adapt.
If that weren't change enough, Barry Weiss, recent chief of Sony’s RCA/Jive, is talking to Universal Music where he would oversee Universal Motown Republic Group and Island Def Jam. Who is being tapped to replace Weiss at Sony? Strong rumors have the job going to Tom Whalley, who was recently forced out at Warners.