LONDON — The exec credited with discovering Radiohead is setting up a joint-venture record label with EMI.
Capitol Music and Virgin Records U.K. president Keith Wozencroft will unveil the as-yet unnamed label in July.
He will continue to work for EMI as an A&R rep and report to Tony Wadsworth, chairman & CEO, EMI Music U.K. and Ireland.
The managing directors of Parlophone, EMI Records and Virgin Records — Miles Leonard, Terry Felgate and Ferdy Unger-Hamilton — currently report to Wozencroft. Come July, they, along with Wozencroft, will report to Wadsworth.
Among the acts Wozencroft has brought to EMI’s Parlophone label are Mansun, Supergrass, Beverley Knight and Jamelia, making him one of the company’s most successful A&R men.
“I’ve always considered the possibility of building my own label; giving me the opportunity to focus on the worldwide development of fewer artists,” Wozencroft said in a statement.