Lyor Cohen resigns from CEO post at Warner Music Group | News

Iconic Record Executive Lyor Cohen announced today he would be stepping down from his post as Warner Music Group's Chairman/CEO of Recorded Music on September 30th.

His current role sees him oversee the company's US label groups - The Atlantic Records Group, and Warner Bros. Records, as well as the company sales and marketing and retail distribution at WEA Corp. Besides also being on the Board of Directors, Cohen also looks after Rhino Entertainment and WMG's marketing and catalogue division. Read more

Kid Cudi announces split from label

This Saturday (26th February) Kid Cudi took to his Twitter account, @wizardcud, to announce, amongst his stream of twitter rambling consciousness, that he has left his label and will be forming a new label.

While not yet confirming his new label home, he has assured his followers that he is still cool with mentor Kanye and will still produce music under G.O.O.D Music. Check out his statement below:

Dream On is over.
new label announcement soon
GOOD music affiliate for life, as far as my movement, i have to lead it. cant expect people to have the same morals as me
Pat and Emile are doing their own thing, i wish them well. I have a diff vision, for music, for the world
iam still with GOOD music, with that being said im just changin my side of things up a bit
so it will be ?/GOOD
still distributed through Motown
im just doing the right thing, i come from a different place. people lose sight of the mission. cant expect everyone to be built like me
the jams will be the same, but more real and true to me. the new label will be formed with @DotDaGenius
i have a new [label]name, i just wanna lock it in contractually first
when people have different visions, you gotta go your own way
always fuckin with yeezy, for life. period. a true friend.
this is a day to rejoice, this isnt bad news. things are gonna be so epic, im like a kid on xmas eve im so excited bout this new chapter

Watch this space to find out the new imprint's name.