EMI Fuses Sublabels Capitol And Virgin

Due to less than exemplary record sales, the world’s third largest label EMI merged its subsidiary labels Capitol and Virgin, creating a not-entirely new entity called the Capitol Music Group (CMG). Internally, the shift resulted in the promotion of Virgin CEO Jason Flom to CEO of CMG, the release of Capitol Chairman Andrew Slater, and the overall reduction and rearrangement of both labels’ executive staff. CEO of EMI, Eric Nicoli spoke highly of his 2nd in command: "Jason Flom quickly demonstrated his leadership and artist development abilities since he has been at Virgin. I am confident that he will take us to new levels of success."

CMG entered the US music industry at the forefront of North American pop, rock and urban genres with the combined catalogue of previously signed artists Coldplay, LCD Soundsystem, Decemberists, Lily Allen, Daft Punk, KT Tunstall and Gorillaz.