Label Executive On Warner Music Acquisition: 'This Thing Ends Painfully'
Date: Wednesday, July 27, 2011 @ 19:27:03 UTC

Now that the Warner Music Group acquisition has closed, Leo Blavatnik's Access Industries has a lot of work to do turning the company around. Blavatnik is in a Catch 22 of sorts because much of the company's (to be fair the entire industry too) demise is related to poor moves in response to consumer trends by executives that typically are overcompensated and lack innovative management skills needed to succeed in today's economy. But then again, who else is going to run a record label where deals are struck in nightclubs and oversized egos often trump good decision making. Complete Article

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