Combined Firms’ Music Unit to Get New Chief
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Following the December closing of Seagram’s $10.4-billion purchase of PolyGram, David Renzer will be named to run the combined company’s music publishing division, sources said. Seagram’s Universal Music Group will shutter its own MCA Music publishing system and adopt PolyGram’s music publishing system as the backbone of its operation in the United States and around the world.
It is unclear what role David Hochman, chief executive of PolyGram International music publishing, will have at the company when Renzer, the 39-year-old president of MCA Music Publishing, takes over.
The combined companies will create the third largest music publishing company in the world.
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