Zomba man tops Warner publishing

Blackstone released from contract, replaces Bider

NEW YORK — Zomba Music Publishing prexy Richard Blackstone has officially ankled and taken up new residence as topper of Warner/Chappell Music, the second-largest music publisher in the world and a division of Warner Music Group.

In docs filed late Wednesday afternoon with the Securities and Exchange Commission, Warner Music said Blackstone was released from his Zomba contract on May 25 even though it wasn’t set to expire until the end of the year.

Blackstone came aboard as chairman-chief exec of WCM on May 28, replacing Les Bider.

Warner Music, which went public this spring, wanted an aggressive exec who would look to maximize the company’s assets.

In its SEC filing, Warner Music said Bider would continue working until June 15 pursuant to the terms of his previously announced separation agreement. Bider will be available as a consultant to WCM.

Also Wednesday, Warner Music announced it has completed the sale of its sheet music and educational materials division, Warner Bros. Publications, to Los Angeles-based Alfred Publishing for an undisclosed sum.

When first announcing the sale in December, Warner Music said it wanted to focus more on signing artists and songwriters as it went public.

Warner Music shares closed down 5¢ at $16.35 Wednesday.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Marketplace

    Leave a Reply

    No Comments

    Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

    Fill in your details below or click an icon to log in:

    WordPress.com Logo

    You are commenting using your WordPress.com account. Log Out / Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out / Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out / Change )

    Google+ photo

    You are commenting using your Google+ account. Log Out / Change )

    Connecting to %s

    More Music News from Variety

    Loading