Geffen Records Chairman Will Resign
Ed Rosenblatt is expected to step down as chairman of Geffen Records next year after the Hollywood-based label is downsized and folded into Interscope Music Group, sources said.
The 64-year-old industry veteran is the first senior West Coast music executive expected to resign as a result of Seagram’s $10.4-billion purchase of PolyGram, expected to close in December.
Rosenblatt declined to comment Thursday, but sources said he informed officials at Seagram’s Universal Music Group this week that he has decided to leave his post.
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