COMPANY TOWN: MUSIC INDUSTRY SHAKE-UP : Musical Chairs
Top music industry executives at Warner Music and MCA have spent much of the past 18 months in a high-stakes game of musical chairs.
* July, 1994: Robert Krasnow, chairman of Warner’s Elektra Entertainment, resigns and later signs a deal to run his own label at MCA.
* August, 1994: Mo Ostin, who ran Warner Bros. Records for three decades, announces his resignation after being told he would have to report to Warner executive Doug Morris. In September, 1995, Ostin and former Warner Bros. Records president Lenny Waronker, announce that they will run the DreamWorks SKG music division, distributed by MCA.
* May, 1995: HBO chief Michael Fuchs is hired to run Warner Music and two months later fires Morris, who quickly joins MCA to run a new label.
* Thursday, Nov. 16: Fuchs is fired from Warner Music. A few hours later, MCA fires Al Teller, chairman of its global music sector, and replaces him with Morris.
Source: Times staff and wire reports.