WMG Revamp Includes Buyout Of Jones' Qwest

By | March 22, 2001 at 12:00 AM

As part of Warner Music Group’s ongoing restructuring, the label group is expected to buy out Quincy Jones’ Qwest Records from its joint-venture deal with its subsidiary Warner Bros. Records, sources said Wednesday. As a result, Qwest will no longer be a stand-alone label.

It is likely that only a handful of the label’s 20 staffers and an undisclosed number of artists will be absorbed into Warner Bros. Records, insiders said. Qwest’s roster includes Catero, the Clayton Brothers, Saafir, Shank, Josie, Youth Asylum and Milt Jackson. A WMG spokesman declined comment on the pending Qwest deal but did say: “Quincy’s contributions to music are nothing short of remarkable. We have had a great relationship with Quincy for a long, long time, and we have no reason to believe that relationship won’t continue.”

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