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Zomba to retain own UK identity.

Music Week

| April 05, 2003 | COPYRIGHT 2003 UBM Information Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

BMG has confirmed that Zomba's record and publishing units in the US and UK are to remain as separate "independent" operations with their own identities under the integration plan finalised following the major's $2.74bn (1.75bn [pounds sterling]) buyout of the indie group at the end of last year.

Zomba Records UK managing director Steve Jenkins will now report to Jive/Silvertone US president Barry Weiss, who will in turn report to BMG chairman Rolf Schmidt-Holtz and COO Michael Smellie. The plan was confirmed as BMG unveiled a 10% decline in revenues to 2.7bn [euro] (1.85bn [pounds sterling]) for the year to the end of December.

Though some back-office ...

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