Warner acquires Mushroom Records UK

Warner Music UK Acquires Korda Marshall And Mushroom Records UK
Nick Phillips, Chairman Warner Music UK, announced on May 18th the appointment of Korda Marshall as Managing Director of East West Records UK and the acquisition of Mushroom Records (UK) Ltd. from News International plc., with immediate effect.
Marshall was previously Managing Director of Mushroom Records UK which was established in 1993 and includes subsidiary labels Infectious, Ultimate Dilemma and Perfecto encompassing major artists such as Garbage, Ash, Muse, Zero 7, Timo Maas and Paul Oakenfold.
Commenting on the announcement Phillips said; “This is a unique double for Warner Music UK. We have acquired both a highly experienced and talented executive in Korda Marshall and, in Mushroom Records, an established and significant music company with a strong roster of artists. East West will benefit enormously from both Korda’s strong leadership and Mushroom’s impressive repertoire.”
Marshall, who will be joined at East West Records by Mushroom Records Head of A&R Max Lousada plus a number of other Mushroom employees, said; ” I’m tremendously excited about the opportunity to work with Nick Phillips and all the staff and artists at East West. The ability to keep the roster and artists signed to Mushroom together and expand our horizons with Warner Music both here and abroad is an amazing opportunity. It’s been a long twenty two months working out our future and I’m looking forward to concentrating on signing talented artists and making great records.”
Marshall began his career as a talent scout in 1983 at RCA Records before becoming Head of A&R at RCA Records in 1989. He set up Infectious Records in 1993 before being named Managing Director of Mushroom Records UK in 1995. He serves as a member of the BPI Council (British Phonographic Industry), a member of the BPI PR committee, CSC Charts committee and BRIT Awards committee and as a director of AIM (Association of Independent Music).
WMI, a division of Warner Music Group, an AOL Time Warner company, has its headquarters in New York with offices in London and operates in over 70 countries through a network of 47 affiliates and numerous licensees.
(source: Mi2N) [not recent, but only now came across with]