Figure in the music industry, was the head of Universal Music France for 18 years. Pascal Negro leaves the presidency of the larger home record in France, announced Thursday 18 February, the subsidiary of Vivendi. will be replaced by Olivier Nusse, currently general manager of the Mercury Music Group label, Universal Classic & amp; Jazz France.
The departure of Pascal Negro, 54, was the subject of rumors for several weeks, his contract expires at the end of 2015. The Point departure is linked to a disagreement with Vincent Bolloré, the boss of Vivendi. The businessman has made many changes among officials of Vivendi and its subsidiaries, including Canal +, since he is the head of the entertainment and media group.
“On behalf of everyone at Universal Music Group, I would like to thank Pascal for all the work he has done and for his commitment to our company throughout a during which the music industry has changed dramatically. I wish him all the best for the future “, reacted Grainge, CEO of Universal Music Group.
Pascal Negro was became CEO of Polygram, later bought by Universal, just 33, making him one of the youngest bosses in the industry. Went through almost all the labels of the group before becoming the head of Universal, he led Disc home during the worst crisis ever experienced by the music industry, managing to “impose musical trends and maintain 45% market share in 2015 “ says a relative.
Universal Music France, which employs 650 people and has a turnover of around 300 million, is a subsidiary of Universal Music Group, the largest home record in the world ( 7600 employees, 5.1 billion euro turnover in 2015). The first task of Olivier Nusse “ will be to secure contracts with the stars of the house as Calogero, Stromae, Carla Bruni, Marc Lavoine, Mylène Farmer and Florent Pagny. Rude Mission … “ Note Le Point.