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ilovem

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Thomas Mottola Leaving SONY It´s official: It’s the end of the Mottola era at Sony. The now former President of Sony Music has step down from his post to "start a new record label." According to Hits Daily, a replacement for Mottola will be announced within the next 24-48 hours. The new chief will reportedly be someone from outside the traditional record business, "with a strong financial background." That appointment will come from Sony Corp. President/COO Howard Stringer, to whom the new exec will report. The 60-year-old Stringer is directly in charge of all U.S. operations for the Tokyo-based media giant. MJNI will bring you more of this story as details start to surface.
 

ilovem

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Friedman: Mottola "given a couple of hours to clear his desk" Fox News columnist Roger Friedman claims that the official version of events surrounding Tommy Mottola´s departure is rather less interesting than the truth. In his column of 9th January, Mr. Friedman (whose heavy coverage of Michael Jackson has been very mixed in tone) writes: "According to sources at Sony Music, where the phones have not stopped ringing, Mottola only found out he was leaving when he arrived this morning at 550 Madison." Friedman´s source says: "He was told to go see Sir Howard Stringer, and when he got there they handed him a press release." Friedman continues: "Mottola was then given a couple of hours to clear out his office. A deal for a record label was, according to sources, Sony´s resolution of the last year of his contract. "Also swirling around 550 Madison: the news that Epic Records´ beloved chief Dave Glew will retire, and that veteran Columbia Records exec Mel Ilberman will as well. Now the big question is who will replace Mottola, and speculation is already pointing toward Bob Bowlin, already part of the Sony corporate structure and a friend of Stringer and Kevin Kelleher, will assume Mottola´s duties. Another rumor has it that former Warner Bros. Home Video head Warren Lieberfarb, who left his own post suddenly last month with no explanation despite much success, may be headed for the job. "Earlier it was reported that Mottola resigned this afternoon as CEO, although it is more true to say that Sony refused to give in to his contract demands. His contract was said to be ending in 2004. "The Japanese owners of Sony had a lot on their minds when it came to Mottola´s future. The talented but volatile music executive personally forced out two of Sony´s major stars, Mariah Carey (his ex-wife) and Michael Jackson."
 
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