EMI Names Elio Leoni-Sceti — Chief Of Recorded Music Unit
EMI has hired Elio Leoni-Sceti to be the chief executive of its recorded music division. Leoni-Sceti will take the reins on October 1st. Born in Rome, Mr. Leoni-Sceti currently serves as an executive vice president at Reckitt Benckiser, which owns brands including Lysol and Woolite. Leoni-Sceti stated that he believed that understanding music consumers was crucial to turning around the company. (Well that’s good start Elio, but...
Global Music Group Buys Death Row For $25 Million
Global Music Group has purchased Death Row Records for $25 million. The prized hip-hop label was started by Marion “Suge” Knight in 1991 and skyrocketing into prominence with releases by Dr. Dre, Snoop Dogg and Tupac Shakur. However after years of financial mismanagement, prison terms, and other dodgy outcomes, Death Row was put into receivership when Knight filed bankruptcy in the wake of a $107 million judgment he was...
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