Mottola Gets Back in the Act
The former music exec, who stepped down as head honcho at Sony Music in January, has teamed up with Universal Music Group to head up a modern-day version of a retro record label. The mastermind behind the careers of Mariah Carey, Celine Dion and Jennifer Lopez will run Casablanca Records, a label founded by Neil Bogart that had its heyday in 1970s with acts like KISS, Donna Summer and the Village People. According to UMG execs, a five-year contract was inked Monday (reportedly to the tune of $50 million), and Mottola is ready to start producing for the New York-based… Read more »
