Unfortunately we came across some bad news today. The infamous ‘check writer’, the exec behind all your favorite hit artists, Lyor Cohen, has announced that he is stepping down from his position of Chairman/CEO at Warner Music Group on September 30th. One of the best record-executives has spent the last 8 years at WMG after a long career at Island Def Jam. Cohen had this to say:
“To all the artists and employees who live and die for the music every day, and who personally sacrifice for the good of the creative process: ‘keep on keepin’ on’ in the tradition of a company that respects and honors the artistic community.”
You may be thinking to yourself that this is completely out of no where. Well, we are thinking the same thing. I doubt this is the end of the road in music for Lyor and can definitely see him plotting something big in the near future. Stay tuned for more on this story.
Via Billboard.biz
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