the business of music

Clive Davis is no longer the head of Sony BMG.

“In a shake-up that reflects the new realities of the music business, the renowned hitmaker Clive Davis is making way for a younger executive known for having an ear toward the pop charts but also an eye on controlling costs.

On Thursday, Sony BMG Music Entertainment said that Davis would give up his corporate role as head of its BMG division and control of its RCA Label Group for a new creative post.

Barry Weiss, the chief of the company’s Zomba Label Group, will become chairman and chief executive of the BMG Label Group, overseeing RCA and Zomba, and an array of artists like Justin Timberlake, Alicia Keys, OutKast and Kelly Clarkson.

The announcement surprised many in the music industry, as Davis, who has survived several executive suite setbacks only to rise again in a career that spans five decades, seemed to be playing a hot hand. This week’s No. 1 album is the debut from Leona Lewis, the latest in a long string of divas that Davis, 76, has signed and shaped.

But the pop hits that Davis is known for delivering typically require the kind of expensive videos and marketing campaigns that labels are reluctant to finance at a time when music sales have been sliding. Sony BMG’s decision to promote Weiss underscores the idea that hits alone cannot save the industry.”

dang, why am i in this business again?

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