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[BUSINESS] · Germany, United Kingdom, Japan · 3 sources

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Warner Music Group sells EMP retailer to Whynow

Warner Music Group has sold EMP, a German rock and metal retailer it acquired in 2018 for $180 million. The retailer was purchased by Whynow, a London-based media and commerce company founded by Gabe Jagger.

In executive leadership changes, Universal Music Group has promoted Frank Briegmann to CEO of Universal Music Europe, Australia, New Zealand, Canada, and Deutsche Grammophon. Additionally, Sonny Takhar has been named CEO of Warner Music UK and Ireland, effective January 2027.

In Japan, Avex has increased its stake in S10 Entertainment to 85%, with an agreement to reach 100% ownership in the future. Meanwhile, Tomas Ericsson is stepping down as CEO of the digital collection society amra after more than a decade, with COO Robin Davies expected to succeed him.

Entities

Avex · EMP · Universal Music Group · Warner Music Group