Capitol Music Group
Capitol Music Group (CMG) is an American front line umbrella label distributed by Universal Music Group which oversees handling of record labels assigned to UMG's Capitol Records division. It was inherited from UMG's acquisition of EMI's catalog (with the exception of Parlophone, which was sold to Warner Music Group in 2013). It is one of seven umbrella labels distributed by UMG, the other six being Interscope Geffen A&M, Island Records, Def Jam Recordings, Republic Records, Verve Records, and Decca Records. The current chair and CEO is Michelle Jubelirer. History Capitol Music Group was formed in February 2007 as a merger of Capitol Records and Virgin Records America in an effort by EMI to restructure and save an average of $217 million yearly. Both Virgin Records and Capitol Records, however, remained imprints of the label. Virgin Records CEO Jason Flom was named the head of the division, with Capitol Records CEO Andy Slater resigning after receiving a pension reportedly worth more than $15 million. As the head of the label, Flom reported directly to EMI Group CEO Eric Nicoli. A total of 283 artists signed to Capitol Music Group, including Mims, LeToya Luckett, J. Holiday, Royal Bliss, Mack 10, Faith Evans,