The following is excerpted from a press release:
Universal Music Group (UMG), the world leader in music-based entertainment, today announced the formation of the Verve Label Group and appointed veteran industry executive Danny Bennett, a Grammy and Emmy Award-winning music, film and television producer, and long-time manager of his father, legendary singer Tony Bennett, as the label group’s President & CEO, effective immediately.The Verve Label Group will be comprised of Verve and UMG’s U.S. classical music labels including Deutsche Grammophon, Decca Records, Decca Classics, Mercury Classics, and distributed label ECM. The new structure marks UMG’s continued investment in jazz and classical music and the company’s unwavering commitment to building upon its rich history in both genres, while also opening up new opportunities, developing global cross-over artists and delivering innovative jazz and classical experiences to fans. The jazz and classical labels will maintain distinct A&R, marketing and promotions teams, while also leveraging UMG’s global reach to provide artists with deep resources and expertise to develop their careers.
Under Bennett’s leadership, Verve will relocate to New York, where the label was originally founded 60 years ago as home to jazz legends Ella Fitzgerald, Nina Simone, Stan Getz and Billie Holiday. With his proven strategic marketing skills, Bennett will expand the awareness and reach of UMG’s historic jazz and classical catalogue, and develop and promote emerging artists on a global scale.