(CelebrityAccess MediaWire) — Warner Music International and Warner Music UK have created Atlantic Records UK and Warner Bros. Records UK. East West Records and WEA London Records will become Atlantic Records UK and Warner Bros. Records UK, respectively. Atlantic Records UK will be run under Korda Marshall, and Nick Phillips will oversee Warner Bros. Records for an interim period until a new MD is found.
"This name change is a clear signal that we want to send out for our newly independent company, that our primary objective is to renew focus on artists and music," said Paul-Rene Albertini, chairman and CEO, Warner Music International. "Which better names would you dream of calling a record company than Warner Bros. and Atlantic."
"Warner Music UK is excited to build on the heritage of two of the strongest record labels in the US, in WMI's most important market," said Phillips, chairman and CEO Warner Music UK. "Warner Bros. Records is one of the largest record companies in the US and has become the most successful record label in history while Atlantic Records has a rich heritage which is second to none."
"I am proud to be running a record company with the history and legacy Ahmet Ertegun brought to the world," said Marshall. "It has always been well-known for the unparalleled depth and breadth of talent, and I look forward to continuing to develop great artists who are excited to come to Atlantic." — Bob Grossweiner and Jane Cohen