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Thursday, October 10, 2013

IB tease: Lyor to Atlantic

YOU CAN GO HOME AGAIN? Lyor Cohen is rumored to have finally found a home for his new venture at Atlantic Records, notes Hits industry insider I.B. Bad in his latest column, which will appear online Friday morning. That means the former Warner Music Chairman/CEO of Recorded Music is making a surprising return to the company that ousted him last September, but only as a last resort after UMG’s Lucian Grainge and Sony Music’s Doug Morris showed no interest in working with him again. Inquiring minds want to know how Atlantic co-heads Julie Greenwald (a Cohen protégé) and Craig Kallman managed to convince Len Blavatnik and Stephen Cooper to give him a deal after firing him, which had led Cohen to publicly bad-mouth the WMG bosses. Yes, it’s still a nutty business. (10/10a)

 
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