From Music Business Worldwide · · 1m 30s
Warner Sells EMP to whynow
Warner Music Group sells EMP, the German rock merch business it bought for $180m in 2018, to whynow, Gabe Jagger's media company.
In brief
Warner Music Group sells EMP, the German rock merch business it bought for $180m in 2018, to whynow, Gabe Jagger's media company. Warner Music Group sold EMP, the German rock and metal merchandise retailer it acquired for $180 million in 2018, to whynow, a media and commerce company founded by Gabe Jagger. Originally…
Warner Music Group sells EMP
Warner Music Group sold EMP, the German rock and metal merchandise retailer it acquired for $180 million in 2018, to whynow, the London-headquartered media and commerce company founded by Gabe Jagger.
“Warner Music Group has sold EMP, the Germany-based rock and metal merchandise retailer it acquired for USD $180 million in 2018.”
Tomas Ericsson steps down as amra CEO
Tomas Ericsson is stepping down as CEO of amra after more than a decade, with COO Robin Davies set to succeed him in January 2027.
“Tomas Ericsson is stepping down as CEO of amra. The global digital collection society said on Tuesday (September 29) that Ericsson will leave the role effective January 1, 2027, after more than a decade in charge.”
Frank Briegmann promoted to Universal Music Europe CEO
Universal Music Group promoted Frank Briegmann to Chairman & CEO of Universal Music Europe, Australia, New Zealand, Canada & Deutsche Grammophon.
“Universal Music Group has promoted Frank Briegmann to Chairman & CEO of Universal Music Europe, Australia, New Zealand, Canada & Deutsche Grammophon.”
Sonny Takhar named Warner UK & Ireland CEO
Sonny Takhar will become Warner Music UK & Ireland CEO in January 2027, reporting to Val Blavatnik.
“Sonny Takhar has been named Chairman and CEO of Warner Music UK & Ireland. Takhar will take up the role in January 2027, overseeing creative direction, artist development, and strategic operations across WMG’s recorded music footprint in the UK, the world’s third-largest music market, and Ireland.”
Avex increases stake in S10 Entertainment
Japanese entertainment company Avex increased its ownership of S10 Entertainment to 85%, with an agreement to reach 100% over time.
“Japanese entertainment company Avex Inc. has increased its ownership of S10 Entertainment, the management company founded by Brandon Silverstein. The Tokyo-listed firm has bought shares in S10 from Silverstein and his partners. The deal increases Avex’s ownership in S10 to 85%, with an agreement to reach 100% ownership over time.”
Warner Music Group's leadership shake-up
Warner Music Group's leadership changes include Sonny Takhar becoming UK & Ireland CEO in January 2027 and Tomas Ericsson stepping down as amra CEO.
“Warner Music Group's leadership shake-up includes Sonny Takhar named Chairman and CEO of Warner Music UK & Ireland and Tomas Ericsson stepping down as CEO of amra.”
The one thing
Warner Music Group sold EMP, the German rock and metal merchandise retailer it acquired for $180 million in 2018, to whynow, a media and commerce company founded by Gabe Jagger.
