Starbucks Quits the Music Biz

Coffee giant sheds record label as part of shakeup
By Rob Quinn,  Newser Staff
Posted Apr 25, 2008 8:17 AM CDT
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)
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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.