Capitol Music Group chair and CEO Michelle Jubelirer is exiting the corporate, she introduced in a memo to employees this morning (Feb. 6) that was obtained by Billboard. The transfer comes lower than every week after Common Music Group chairman/CEO introduced a restructure of the label teams on the firm that may shift Capitol, amongst different labels, beneath the oversight of Interscope Geffen A&M chairman/CEO John Janick.
Jubelirer, who has held her present title since December 2021, will depart the label after immediately.
“I’m deeply saddened that I’ll now not be on the firm we rebuilt and took to new heights over the previous two years,” she writes. “As I’ve stated earlier than, I don’t suppose any label group has been capable of flip issues round as rapidly as we’ve managed to, and I’m sure that we’ve set Capitol Music Group on track towards a terrific future.”
Jubelirer joined Capitol in early 2013 as govt vp beneath then-CMG CEO Steve Barnett, and rapidly turned his second in command on the music group, which additionally encompassed Motown, Blue Observe, Astralwerks and, till lately, indie distributor Virgin Music. In 2015 she was promoted to COO, a job she held all through Barnett’s reign atop the label, which ended on the finish of 2020. She remained on as COO beneath Barnett’s successor, Jeff Vaughn, who spent a short while within the prime function, earlier than Jubelirer succeeded Vaughn on the finish of 2021.
A longtime legal professional who additionally frolicked at Sony Music previous to becoming a member of Capitol, Jubelirer was a part of the revitalization of the storied label following UMG’s acquisition of EMI in 2012, and has been an everyday on Billboard’s Girls in Music and Energy 100 options within the years since. Upon her appointment in 2021 to the highest job, Jubelirer turned the primary feminine govt to move Capitol in its 80-plus-year historical past.
In 2023, Capitol racked up a 6.66% market share within the U.S., together with a 5.90% present market share — which measures releases from the previous 18 months — which was fifth amongst all labels for the complete yr. Each numbers have been up considerably over her first yr on the helm in 2022, when Capitol’s general market share stood at 6.40% and present market share was 4.97%.
Final week, Grainge introduced a restructuring of UMG’s labels, returning the corporate to an operational construction extra just like the one which existed from 1999 by 2014, previous to the complete integration of Capitol. Beneath this new configuration, which is loosely an East Coast-West Coast alignment, Janick is overseeing Interscope, Geffen, Capitol, Motown, Precedence, Verve and Blue Observe, whereas Republic Data CEO Monte Lipman will oversee Republic, Def Jam, Island and Mercury.
See her letter to employees under in full:
To my Capitol Music Group Crew,
I needed you to listen to this information immediately from me: I’ve made the extraordinarily tough determination to depart the corporate that has been my dwelling for greater than a decade, and so, immediately will likely be my final as Chair & CEO of Capitol Music Group.
I’m deeply saddened that I’ll now not be on the firm we rebuilt and took to new heights over the previous two years. As I’ve stated earlier than, I don’t suppose any label group has been capable of flip issues round as rapidly as we’ve managed to, and I’m sure that we’ve set Capitol Music Group on track towards a terrific future.
Collectively, we turned an actual workforce; a various group of people bonded by our love of music and keenness for artistry, and whose variations in backgrounds and cultural tastes made every of us stronger advocates and champions for our artists. In such a aggressive and fast-paced world, we gave it our all—each minute of each day—in order that our artists might seize the chance to comprehend their desires and in the end succeed.
I’m so lucky to work in a enterprise that I really like and be always surrounded by music and the proficient those who create it. Daily, I renewed my promise to do my absolute best for our artists, and so they have given me a lot in return. Regardless of the place I discover myself on this enterprise, I’ll at all times strategy my relationships with artists as their advocate, their protector, and their fan.
I’ll let you realize of my future plans as quickly as I can.
In closing, let me merely say to every of you: Thank You. It has been my honor to be on this journey with you.
With love and appreciation,
Michelle
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