LONDON (VIP NEWS) — Global Entertainment launched last year as a combined management, publishing and label operation out of Los Angeles and London, now the company cut back on staff.
The company appointed ex-AEG boss Randy Phillips as CEO, as it brought together Global’s established publishing division – including clients such as Ellie Goulding, Corinne Bailey Rae, LMFAO, The Script, The Vamps and The Vaccines – with label, artist management, promotion, live concerts, events, touring, branding, sponsorship and marketing teams.
A month later, it announced a string of high profile appointments: ex-Universal publishing exec Monti Olson and ex-Capitol exec Bob Semanovich joined the Los Angeles HQ alongside ex-Modest! manager Nicola Carson. Meanwhile, former James Grant management exec Ben Karter was drafted into Global Entertainment in London as GM of Recorded Music.
Alarm bells struck just six months later, when Randy Phillips left the business. We were told he would be appointed to a “specific project to be announced in due course” – but it never publicly materialized.
Now Global Entertainment on both sides of the Atlantic has been cut back to skeletal staff, incurring heavy job losses.
Following a redundancy process at the end of last month just two or three individuals are left at Global Entertainment in Los Angeles to manage records, publishing and management – with a small amount more remaining in London.
The cutbacks follow a 15-month period in which Global has struggled to break new artists on a blockbuster level. It’s understood to be pointing the finger at the rise in streaming, making it hard to do battle in a marketplace where large catalogue owners are king.