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Interscope Geffen A&M Forms New Label
Interscope Geffen A&M said it has entered into a joint venture with Octone Records, home to rockers Maroon 5, to launch a new label, dubbed A&M/Octone. As part of the deal, A&M/Octone was also acquiring Sony BMG Music Entertainment’s interest in OctJay, a joint venture between Sony BMG and Octone, Interscope said. Financial details weren’t disclosed. James Diener, who founded Octone Records in 2000 while also holding an executive role at J Records and The RCA Music Group, will run A&M/Octone as chief executive and president. Diener is also bringing two members of his executive staff to the new label.… Read more »