Nefertiti0 Posted 4 hours ago Share Posted 4 hours ago (edited) Atlantic Music Group announced more staff layoffs as the process of remaking the company continues. While a memo from CEO Robert Kyncl did not say how many employees would be impacted, sources told Billboard that the number will be between 150 and 175. Already sources have said that the cuts include Margo Scott, executive vp/head of business & legal affairs & general counsel at 300 Elektra Entertainment; Chris Brown, executive vp at Elektra Entertainment and co-head of Roadrunner Records; Katie Robinson, head of marketing for Elektra Entertainment; Adam Abramson, head of sales & streaming at Elektra; and Aimie Vaughan-Früehe, executive vp/head of promotion and streaming at 300 Elektra. 300 Entertainment co-founder and current chairman/CEO of 300 Elektra Entertainment Kevin Liles is also exiting the company without replacement. Other executives that will be leaving as part of the reorganization include Michael Kyser, president of Black music at Atlantic Records; Paul Sinclair, general manager/executive vp at Atlantic Records; Grace James, executive vp/head of marketing at Atlantic Records; and Sheila Richman, executive vp of press & media strategy at Atlantic. source According to MBW Atlantic has this month dropped around a dozen artists from its roster, in what's perhaps the clearest signal yet that the label under incoming CEO Elliot Grainge won't be the same as before. "When Elliot takes over as CEO of this label group on October 1, it's going to be a blank page – a new day for how Atlantic works and what Atlantic is" source According to HDD, Atlantic executives are playing a Game of Thrones and are at war as the label has yielded very low sales and bled money. The label's biggest mistake was a $400 million investment in 300 Entertainment which has produced no hits and no real names. Several of their artists — including Gunna and Young Thug — are part of a massive 56 count RICO Indictment from the US government. Meanwhile, Atlantic also failed to develop new stars over the last five years Fired CEO Julie Greenwald reportedly plans to form a new company and will try to sign Bruno Mars and Ed Sheeran. source Edited 14 minutes ago by Nefertiti0 Link to comment Share on other sites More sharing options...
drip drop Posted 4 hours ago Share Posted 4 hours ago maybe they will learn treat our MPGs better! 1 1 Link to comment Share on other sites More sharing options...
KatyPrismSpirit Posted 4 hours ago Share Posted 4 hours ago Cardi stalling that album and all those high budget singles flopping causing the entire company to go bankrupt BYE Link to comment Share on other sites More sharing options...
nathanspears Posted 4 hours ago Share Posted 4 hours ago Release Loreen's Warner vault and every job will be saved But seriously, shocking to hear. I honestly do think the "record label" as we know it doesn't have long left. 1 Link to comment Share on other sites More sharing options...
GipJo Posted 4 hours ago Share Posted 4 hours ago This is why they (and interscope) didn't get radio payola for DWAS? Link to comment Share on other sites More sharing options...
Sombre Posted 4 hours ago Share Posted 4 hours ago I heard Heavy On It has internships* open. *unpaid full-time internships, trauma included, "start up" toxicity bundled in 3 Link to comment Share on other sites More sharing options...
BILLIONAIRE✘BOY Posted 3 hours ago Share Posted 3 hours ago Link to comment Share on other sites More sharing options...
Kylie Jenner Posted 3 hours ago Share Posted 3 hours ago Margo Scott is gone. Chris Brown is gone. Katie Robinson is gone. Adam Abramson is gone. Aimie Vaughan-Früehe is gone... ...but Ava Max is still standing. 8 Link to comment Share on other sites More sharing options...
Into The Void Posted 2 hours ago Share Posted 2 hours ago 1 hour ago, Kylie Jenner said: Margo Scott is gone. Chris Brown is gone. Katie Robinson is gone. Adam Abramson is gone. Aimie Vaughan-Früehe is gone... ...but Ava Max is still standing. Should have invested more wisely in Ava and Charlie Puth is still standing Link to comment Share on other sites More sharing options...
Into The Void Posted 2 hours ago Share Posted 2 hours ago 1 hour ago, Nefertiti0 said: Fired CEO Julie Greenwald reportedly plans to form a new company and will try to sign Bruno Mars and Ed Sheeran. https://hitsdailydouble.com/near_truths_item&id=342515&title=NEAR-TRUTHS%3A-RIP-TIDE Hmmm interesting but she failed at Atlantic lol Link to comment Share on other sites More sharing options...
attention Posted 2 hours ago Share Posted 2 hours ago charli safe 1 Link to comment Share on other sites More sharing options...
Human Fly Posted 2 hours ago Share Posted 2 hours ago They should invest in Die With A Smile more, only that song can save atlantic from bankruptcy. Link to comment Share on other sites More sharing options...
punisher Posted 2 hours ago Share Posted 2 hours ago i mean it was kinda inevitable since elliot is becoming the new CEO on the 1st he needs to bring in more revenue and save atlantic if he wants to take his fathers place as CEO of UMG Link to comment Share on other sites More sharing options...
MusicLoverDude Posted 2 hours ago Share Posted 2 hours ago You know it's bad when Hollywood and Epic are somehow in better shape than you Link to comment Share on other sites More sharing options...
P.O.P Posted 1 hour ago Share Posted 1 hour ago Die with a smile tanked Atlantic? OMG Link to comment Share on other sites More sharing options...
prézli Posted 1 hour ago Share Posted 1 hour ago 1 hour ago, Into The Void said: Charlie Puth is still standing Now that he's married, I don't think so. It might hurt his image. Link to comment Share on other sites More sharing options...
Into The Void Posted 54 minutes ago Share Posted 54 minutes ago 17 minutes ago, prézli said: Now that he's married, I don't think so. It might hurt his image. Who knows we might get a good album out of it Link to comment Share on other sites More sharing options...
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