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May 17, 2008 12:47:53 AM CDT

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Starbucks Quits the Music Biz  

Posted Apr 25, 08 8:17 AM CDT in Business    Most Covered

(newser) – Starbucks is handing control of its record label to Concord Music Group barely a year after it got into the music business, Variety reports. The move is part of a shakeup as the coffee chain refocuses on its core business to jolt itself out of a slump. Starbucks' label Hear Music released albums by Paul McCartney, Joni Mitchell, and James Taylor last year.

Source Variety

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Starbucks Quits the Music Biz
Starbucks is handing control of its music label back to Concord Music Group as part of a strategy to concentrate more on its core business.   (AP Photo/Elaine Thompson)
Starbucks Quits the Music Biz
Singer k.d. Lang performs Wednesday, March 19, 2008 at the Starbucks Corp. annual shareholders meeting in Seattle. Lang's music is sold in Starbucks stores.   (AP Photo/Ted S. Warren)
Starbucks Quits the Music Biz
Starbucks Corp. coffee cups are shown March 19, 2008 at Starbucks' annual shareholders meeting in Seattle.   (AP Photo/Ted S. Warren)
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Starbucks  • music industry  • coffee  • music label


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