Just days after Warner Music Group announced a major leadership shake-up for its recorded music business, Julie Greenwald, who was named chairman of Atlantic Music Group under the new structure, announced that she will leave after 20 years on the job AMG.
Greenwald announced his departure at the company’s town hall on Tuesday (August 6), revealing his plans to leave. atlantic music group By January 2025, according to multiple reports.
The number of clicks Greenwald will reportedly remain in his current role until September 30 and then serve as an advisor until the end of the year.
when the news comes Warner Music Group Leadership in the recorded music business has undergone a major overhaul.
Elliot Grange,CEO 10K projects, has been named CEO of Atlantic Music Group. WMG acquired 51% 10K shares of project $102 million last year. Greenwald was initially planned to serve as AMG chairman, reporting to WMG CEO Robert KinkelShe has now reportedly decided to leave the company in January.
Max LusadaWMG’s chief executive of recorded music will also leave the company at the end of September, after eight years in the role and 20 years with WMG.
WMG’s reorganization will split the group’s U.S. recorded music business into two label groups. Grainge’s Atlantic Music Group will oversee Atlantic Records, 300 Erica Entertainmentand 10K projects.
Meanwhile, Warner Records on the West Coast will oversee Warner Music Nashvillee, uniqueand reenact.
WMG said in a statement last week that a major part of the new company’s restructuring is to create a “flatter structure” for Warner’s former U.S. recording businesses around the world.
Under this new structure, WMG’s role will no longer be Recorded Music CEO (Losada’s current location) nor President, International Recorded Music.
When WMG announced the organizational reorganization, Greenwald said: “My entire career has been about developing baby bands into professional artists and helping our incredible employees change culture in unexpected ways. Since I stepped through the Atlantic door and started Twenty years have passed since the iconic brand was redesigned.
“I couldn’t have done this without the deep passion and dedication of my incredible team and our incredible artists, who create music that inspires and moves people around the world. Finally, I want to welcome Elliott; I look forward to working with him to continue to put our artists and their music at the heart of the company.
These developments come six months after WMG said it would cut jobs 600 employees around the world, or 10% Its global headcount as of the end of September.
Atlantic Music Group is cutting about two dozen jobs, Greenwald said in a February memo to employees. Primarily impacting record label broadcast and video teams.
global music business
