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Thursday, March 29, 2012

IB on execs exiting from WMG

MIGHT AS WELL JUMP: According to our industry insider I.B. Bad, things are festering at WMG, where insiders privately acknowledge that the situation is becoming progressively more untenable, as top executives continue to go to work for Sony Music or UMG. One exec is even making up T-shirts that read, “Please Doug/Lucian…hire me.” Stephen Cooper’s ongoing forensic financial analysis of the company has created a buzz inside WMG that has caused near-paralysis of the company’s marketing efforts as the list of departing execs continues to grow. (3/29a)

 
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