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THURSDAY, NOVEMBER 26, 2009
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Starbucks Quits the Music Biz

Coffee giant sheds record label as part of shakeup

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(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.

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.
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)
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.
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 Corp. coffee cups are shown March 19, 2008 at Starbucks' annual shareholders meeting in Seattle.
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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