End Of An Era

From E! Online.

Clive Davis has been given a different set of initials, none of which spell out top dog anymore.

The pioneering recording exec is out as chairman and CEO of the BMG label group and will move into the role of chief creative officer of Sony BMG Music Entertainment, which includes RCA Records, Jive, LaFace and Arista, which Davis founded in 1974.

Sony BMG, whose overall holdings also include Columbia and Epic Records, announced Thursday that former Zomba Label Group head Barry Weiss will be the one stepping into Davis’ venerable shoes.

That’s a little polite, Clive has been given the elbow. In the music business, if you aren’t moving up the food chain, if you aren’t, at the least, moving sideways, it’s over.

Bob Lefsetz has the insight on this post, “Clive’s Demise”.

The Lefsetz Letter is another one of my recent blog discoveries and, I have to say that this guy has a knack for hitting the nail on the head. A lot of it is music biz stuff which, Lefsetz writes about with genuine enthusiasm and the wisdom works across the board.