12/27/06

Verve Downsized

In a holiday shake-up, Verve Records, the renowned jazz label owned by Universal Music, has been downsized and put under the helm of Bruce Resnickoff’s Universal Music Enterprises. Over 25 percent of the label’s employees have lost their jobs; however, subsidiaries like Verve Forecast will remain untouched. Verve general manager Nate Herr will take control of label operations—including the signing of artists.

Once one of the largest jazz labels in the world, Verve still boasts a large roster that ranges from Herbie Hancock and Wayne Shorter to Abbey Lincoln and Dee Dee Bridgewater. The label’s recent releases have included albums by Diana Krall, Gladys Knight, Natalie Cole and re-releases from Stan Getz and Bill Evans.

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