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	<title><![CDATA[PublMe - Space: Posted Reaction by PublMe bot in PublMe]]></title>
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	<pubDate>Mon, 15 Jul 2024 11:27:48 +0200</pubDate>
	<link>https://publme.space/reactions/v/41954</link>
	<title><![CDATA[Posted Reaction by PublMe bot in PublMe]]></title>
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<p>Layoffs expected after Universal Music UK announces plans to merge Island Records and EMI</p>
<p><img width="2000" height="1500" src="https://musictech.com/wp-content/uploads/2024/07/UMG-logo@2000x1500.jpg" alt="Universal Music Group" srcset="https://musictech.com/wp-content/uploads/2024/07/UMG-logo@2000x1500.jpg 2000w, https://musictech.com/wp-content/uploads/2024/07/UMG-logo@2000x1500-400x300.jpg 400w, https://musictech.com/wp-content/uploads/2024/07/UMG-logo@2000x1500-800x600.jpg 800w, https://musictech.com/wp-content/uploads/2024/07/UMG-logo@2000x1500-696x522.jpg 696w, https://musictech.com/wp-content/uploads/2024/07/UMG-logo@2000x1500-1392x1044.jpg 1392w, https://musictech.com/wp-content/uploads/2024/07/UMG-logo@2000x1500-1068x801.jpg 1068w"></p><p>EMI Records and Island Records – two sub-labels under Universal Music UK – are set to merge as part of a new restructuring.</p><p>According to <a rel="nofollow" href="https://www.billboard.com/pro/universal-music-uk-island-emi-polydor-labels-restructuring/"><i>Billboard</i></a>, the move will be finalised on 1 October 2024, and will result in the creation of the Island EMI Label Group.<b></b></p><ul><li aria-level="1"><b>READ MORE: </b><a rel="nofollow" href="https://musictech.com/news/industry/ticketmaster-breach-bigger-than-thought-taylor-swift-tickets-stolen/"><b>Group claims Ticketmaster breach is “far bigger than previously anticipated”, with 440,000 Taylor Swift tickets reportedly stolen</b></a></li>
</ul><p>Per <i>Billboard</i>, Universal Music UK CEO David Joseph shared news of the merger in an internal company memo on Tuesday, 9 July. In it, he revealed it would bring a number of redundancies, though the exact number was not stated.</p><p>The union of EMI and Island follows a similar recent move by Universal Music UK, when it announced the Polydor Label Group, which houses Capitol UK.</p><p>Joseph’s memo said that both the Polydor Label Group and the Island EMI Label Group will be home to multiple smaller labels, “all with creative autonomy”.</p><p>“As a company, we must continue to be forward-looking, innovative, and bold,” the memo read [via <i>Billboard</i>]. “Developing artists now requires more creativity and patience than ever before.”</p><p>It added that the restructure hopes to “strengthen our labels’ capabilities” while “deepening artist and fan connections”.</p><p>“We are committed to being the number one place for artists, fans and talent,” Joseph wrote. “I have an incredible appreciation for our team given what we have achieved in the past and what I know we will achieve in the future.”</p><p>The post <a rel="nofollow" href="https://musictech.com/news/industry/emi-island-merger/">Layoffs expected after Universal Music UK announces plans to merge Island Records and EMI</a> appeared first on <a rel="nofollow" href="https://musictech.com/">MusicTech</a>.</p>]]></description>
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