Goldstone staked with DreamWorks

DreamWorks Records has tapped A&R whiz Michael Goldstone as a principal on the label’s management team. Goldstone will have an equity stake in the label and work alongside label founders Mo Ostin, Lenny Waronker and Michael Ostin to help guide the nascent music company to prominence.

The move had been expected once Goldstone extricated himself from his Epic Records pact (Daily Variety, Feb. 16). Epic execs let Goldstone, who has been working at DreamWorks since November, out of his contract early.

As veep of A&R for Epic for six years, Goldstone is credited with signing Pearl Jam and Rage Against the Machine.

“Michael’s a multidimensional guy, and with DreamWorks he’ll have much broader responsibilities than A&R,” Mo Ostin said. “He’ll be involved in every aspect of the company.”

Goldstone initially will be based at the label’s plush new Beverly Hills digs. But he’ll also be charged with establishing a strong East Coast presence for the label, with an eye toward hanging a DreamWorks shingle there.

“I’ve always admired Mo, Lenny and Michael,” Goldstone said. “They’ve inspired intense loyalty in a business where loyalty rarely exists. To be their partner in building a new company is clearly a once-in-a-lifetime opportunity.”

At Epic, Goldstone also was the label’s link to Ozzy Osbourne and Screaming Trees. He also compiled the potent “Singles” film soundtrack.

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