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Verve Cuts Roster, Costs; Focuses on Crossover Hits

New Verve Music Group CEO Ron Goldstein has thrown in the towel-for traditional instrumental jazz, that is. He said the company plans to focus only on crossover acts like Diana Krall because, as he told Daily Variety, “The instrumental jazz business is pretty weak these days; sales on even some of the biggest records have dropped dramatically.”

Goldstein (pictured left) has decided to cut the roster of artists to between 30 and 35 (down 10 to 20 artists from two years ago) with Verve Music Group, which includes the Verve, GRP and Blue Thumb labels; Impulse! exists only as a brand for reissues from its classic catalog.

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