As
The Post reported two weeks ago, Davis, the
music legend credited with discovering such
talents as Whitney Houston and Santana, is
taking on a much bigger role at Bertelsmann's
BMG.
Yesterday the company named Davis as chairman
and CEO of BMG North America, giving him
control over such labels as RCA, J, Arista and
Jive.
His top deputy, Charles Goldstuck, will become
president and chief operating officer of BMG
North America.
The move brings Davis, who most recently was
head of RCA, back to the pinnacle of the music
industry, and once again gives him control of
Arista, the label he founded in 1975. Davis
was booted from Arista in 2000, in what turned
out to be a public relations fiasco for BMG.
"It really is thrilling," Davis told
The Post. "It certainly is emotional. It
does seem to complete the full circle."
BMG and Sony Music have proposed to merge, and
the deal is currently pending before
regulators in both the United States and
Europe. "We'll be looking to consolidate
and combine where it makes sense,"
Goldstuck told The Post. "We will be
looking to bring in senior A&R [artist and
repertoire] people."
In late 2002, Davis and Goldstuck took the
helm at RCA, and in 2003 the label saw its
market share rise more than 60 percent.
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Resource(s):
New York Post
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DAVIS IS BACK ON TOP