Music Industry Moves: Around 15 People Laid Off at Epic Records
20.03.2024 - 21:11
/ variety.com
Epic Records was hit by a round of layoffs on Wednesday that sources say has affected approximately 15 people. Details were incomplete at the time of this article’s publication but sources tell Variety that the A&R, promotion, marketing and publicity departments were affected, among others. While a rep for Sony Music declined comment, the company’s fiscal year ends on March 31, so a connection between the two events seems likely.
Variety will have more on this news as information becomes available. Tuesday, March 19 Iconoclast and the estate of Tony Bennett have struck a deal for certain rights to the late singer’s catalog, including name and image likeness rights, some publishing and video assets, artist royalties and a number of recorded-music rights. A rep for Bennett’s longtime label home, Sony Music, asserted that the company still owns the rights to a majority of the singer’s recordings.
Iconoclast, working alongside Tony Bennett’s son and manager Danny Bennett, has already secured deals for upcoming Tony Bennett-branded initiatives, such as a series of watches with Bulova, a restaurant located within Tony’s home base of New York City, an event with Julien’s Auction at The Lincoln Center, a biographical graphic novel and various film and TV projects including “The Lady and The Legend” documentary about Tony’s friendship with Lady Gaga from Paramount +. “We all walk in the footsteps of giants. Tony was one of these giants,” said Iconoclast founder Olivier Chastan in a statement.
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