Edgar Bronfman Jr. (L) and Stephen Cooper (R)
Two of Warner Music Group’s top execs are trading places. Chief executive Edgar Bronfman Jr. will assume Chairman Stephen Cooper’s role, and in turn, Cooper is becoming CEO. Access Industries purchased Warner about two months ago, and now Warner is bidding to acquire fellow music company EMI.
Cooper, who has a track record of getting major corporations Enron, Krisy Kreme, and MGM back on course, will take over day-to-day running of WMG, while Bronfman focuses on the bid for EMI. Some pundits say this move signals Bronfman’s pending exit.
Under the new hierarchy, WMG Chairman and CEO of Recorded Music Lyor Cohen, and Cameron Strang, Chairman and CEO of Warner Chappell Publshing, will report to Cooper.
More on WMG, EMI and its possible trickle-down effect on Music City here.
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Sarah Skates has worked in the music business for more than a decade and is a longtime contributor to MusicRow.View Author Profile
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