Sony Music (SNE) Lands Universal Music's Morris

Former Universal Music Group chief Doug Morris has been named to make his long-rumored move to lead rival music group Sony Music Entertainment.

Morris will join Sony Music on July 1 after several weeks of contract negotiations between Morris, his former employers and Sony Corp Chief Executive Sir Howard Stringer. Morris had still been under contract at Vivendi SA's Universal Music as chairman till December 31 this year and only got a contract release this week.

Morris ran Universal Music for 15 years until he stepped down last year as CEO. He replaces Sony Music's current CEO, Rolf Schmidt-Holtz, who retires on March 31 after five years.

Sony said Stringer will oversee the executive decision-making at Sony Music for the few months prior to Morris coming on board in the summer.





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