Universal Music UK has announced the launch of a new
label which brings together Virgin Records and Mercury Records under one name.
Virgin EMI
Records will sit alongside Island, Polydor and Decca as one of Universal Music
UK's major labels.
It will be home
to artists such as US pop stars Justin Bieber and Taylor Swift and British
chart-topper Emeli Sande.
Universal
acquired Virgin when it bought EMI in a £1.2bn deal last year.
As part of the
new set-up, Mercury executives will transfer to Virgin EMI Records, which will
be home to international artists from Island Def Jam and Virgin US labels.
Meanwhile
Virgin, which became part of Universal Music following that company's takeover
of EMI in November last year, will return to being a full-service record
company.
Ted Cockle,
Virgin EMI president said: "In the label's 40th year, to have this
incredible line-up of British artists and US repertoire of such pedigree it
feels like Virgin EMI will have everything in place to help the very best
talent flourish fully."
Universal's
existing line-up will be joined by a fifth label when Capitol launches in the
UK later this year.
The new label
plans to release material by Scottish trio Chvrches, and folk singer Laura
Marling later this year.
Two of its
artists, Brit Award-winner Sande and London foursome Bastille, reached the
number one spot in the UK's official album chart this month.
Source: BBC
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