TO THE MAX (UPDATE)

Sources close to the deal confirm that, as rumored in the item below, Warner U.K. ruler Max Lousada will indeed be getting a new worldwide position within WMG, although a company spokesperson declined to comment. While the exec's new title remains to be determined, the post is thought to be based in New York. Stay tuned for details.

I.B. BAD ENROLLS IN THE NEW SCHOOL

... Rumors about Warner U.K. ruler Max Lousada getting a new worldwide position within WMG, possibly relocating him to NYC. Will all worldwide repertoire centers directly report to Lousada? Does he become the de facto music head of WMG, answering to Stephen Cooper? Recent speculation had rivals trying to lure away the highly regarded Lousada. Will a British exec soon be running each of the Big Three companies?