Warner Music Group (ticker: WMG, exchange: New York Stock Exchange (.N))
News Release -
Asylum Records Signs Exclusive, Multi-Album Agreements With Cam'ron and Diplomat RecordsHarlem Hip-Hop Star and Multi-Platinum Artist to Produce and Record for Warner Music Group's Urban 'Incubator' Initiative
NEW YORK, NY, May 26, 2005 -- Asylum Records, Warner Music Group's (NYSE: WMG) new incubator label
designed to provide a variety of services to urban and independent
music labels and artists, announced today multi-faceted agreements
with platinum-selling hip-hop star and entrepreneur Cam'ron and his
Under the agreements, effective immediately, Asylum Records will
provide marketing, promotion, distribution and sales services for
future releases from Cam'ron as well as artists signed to his
Diplomat Records label. Currently, artists on the Diplomat roster
include 40 Cal and Jha Jha.
"We couldn't be more excited about Cam'ron and Diplomat Records
joining Asylum," said Todd Moscowitz, president, Asylum Records.
"Cam'ron is a multi-talented artist who has demonstrated his skill
not only in music but also in fashion, film, the liquor business with
Sizzurp, and marketing, as well. We are excited to start working
with him and the entire Diplomat family."
"I'm excited that my hard work is paying off. Asylum has the business
mind and infrastructure for me to house my own distribution deal for
my own albums as well as my Diplomat artists," said Cam'ron. "I'm
looking forward to working with the new artists and I'm focused on
making sure everyone we work with gets an album out."
"I'm proud of Cam and the strides he's made as a business man," said
Damon Dash, CEO of Damon Dash Music Group and Rocawear. "He worked
out a brilliant deal. I will always be there to support anything he
Cam'ron's solo artist debut was his 1998 album, "Confessions of
Fire," that was certified Gold later that same year. His sophomore
release was "Sports, Drugs and Entertainment" and in 2002, Cam'ron
released "Come Home With Me," which sold more than one million units
and catapulted Cam'ron to celebrity status. The success of "Come
Home With Me" yielded the smash single "Oh Boy," which featured
protege Juelz Santana. Cam'ron's "Purple Haze" album is still
voicing the streets with his recent video "Down And Out/Get 'Em
Daddy," which was last week's MTV "Jam of the Week." "Get 'Em Daddy"
is his way of speaking his mind about his life.
Cam'ron is scheduled to perform at Summer Jam, which takes place June
5 at Giants Stadium in New Jersey.
Asylum Records, one of Warner Music Group's newest labels, is
designed to provide full promotion, marketing and sales support to
urban, independent music labels and artists. Asylum Records is
distributed by WEA Corp., Warner Music Group's U.S. sales and
marketing company. For more information about Asylum, visit
About Warner Music Group
Warner Music Group, with its broad roster of new stars and legendary
artists, is one of the world's major music companies. The company is
home to a collection of some of the best-known record labels in the
music industry including Atlantic, Elektra, Lava, Maverick, Nonesuch,
Reprise, Rhino, Sire, Warner Bros. and Word. Warner Music
International, a leading company in national and international
repertoire, operates through 37 affiliates and numerous licensees in
more than 50 countries. Warner Music Group also includes
Warner/Chappell Music, a global music publisher with a catalog of
more than one million copyrights worldwide. For more information
about Warner Music Group, visit our corporate website at www.wmg.com.