Vicarious Music & Media

More bad news for the music biz

Hold on to your job kids, Virgin/Capitol is about ready for a major purge.  Both company’s presidents, Jason Flom and Lee Trink respectively, are expected to announce resignation sometime in the early part of this week.

Both labels are instructed by their parent monster Terra Firma (which as ZERO music industry experience) to run WITHOUT president leadership.  They will be knighting an “A&R President” and the head of marketing will together serve some strange variation on this role. Keep in mind that currently Capitol does not have a head of marketing.  Yep, that means that Captiol will somehow be functioning without any sort of leader ship…

Check out the devestating full article here.

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