In the Asylum/Warner Brothers merger, Hip Hop industry veteran assumes new position with major, bringing artists along.
Named president of Asylum Records in 2004, Todd Moscowitz was instrumental in the independent success of artists like Bun B [click to read], Webbie [click to read] and D4L. Subsequently advancing to CEO of Warner Brothers' Independent Label Group (ILG), Moscowitz also worked with East West Records in handling some of the major label's independent artists and accounts in New York.
It was announced this morning that Moscowitz will remain in the Warner family, but in the the merger between the the parent company and the ILG, Todd will be named Executive Vice President of Warner Brothers Music. In the interim time, Moscowitz will report to Warner Music CEO Tom Whalley, as well as John Espisito, WEA's CEO, for the duration of ILG.
"I'm excited about the opportunity to work even more closely with Tom and his team and to provide Asylum artists the unparalleled resources of Warner Brothers Records,” said Moscowitz in a statement. “It’s an honor to be a part of a label so deeply-rooted in the history and culture of our business.”
Artists predicted to make the move include Cam'ron, Shawty Lo, Mike Jones, Paul Wall, and others. Warner's existing Hip Hop roster includes E-40, Jay Rock, Wiz Khalifa, Talib Kweli and Murs.
The excitement was mutual, according to Tom Whalley. "Todd’s success in urban music and his commitment to artist development make him the perfect partner for Warner Brothers Records. As the music business continues to evolve, executives such as Todd, who appreciate the importance of great artists and understand the complexities of the business, will shape the future of our industry. I am thrilled that Todd will be leading the way with me at Warner Brothers Records.”
Earlier this month, one of Asylum's flagship artists, Cam'ron [click to read], spoke to HipHopDX about his loyalty to Moscowitz in their working relationship. "JoieManda] and Todd [were] patient with my whole situation. They gave me a lot of money, and I haven’t turned in a [second] album yet because of my mother’s [illness]. I don’t want them to think that I’m not a team-player – they may have gotten that vibe from me over the last couple of years. Now that I’m back in motion, I just want to let them know [I have their back after all the delays]. Anything I can do to help the label out, it’s not a problem."
Previously, Moscowitz had worked as GM for Def Jam, head of Rush Communications and a partner in Violator Management.