Sources inside Bertelsmann say they are looking to drastically reduce the number of people in their corporate offices in an attempt to streamline operations.
All this comes at a time where the conventional wisdom is that Bertie is going to sell BMG or that preparing to make BMG a part of their upcoming public offering.
The WMG chopping is getting the bulk of the attention because of all the chatter within the rank and file, who are reeling with these changes and the severity of some of the new restrictions. Sources inside the various labels said that past poor judgment by some executives on the use of T&E, coupled with the latest earnings report has caused the most recent cutback and seems a better solution than losing more bodies at this time.
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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