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Interscope Geffen A&M
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Universal Music loses Republic and Def Jam chiefs as €250m cost reset reaches labels
Universal Music Group is completing a restructuring designed to deliver €250 million of annual run-rate savings, with senior executives now leaving Republic Records, Def Jam and Interscope. The latest changes reach deep into the creative leadership of businesses responsible for some of the industry's biggest artists, raising the execution stakes as UMG tries to improve efficiency without weakening artist development.