Music Business

The CSO at Interscope Geffen takes new Post at Beats Electronics?

The official announcement that Luke Wood is exiting his executive role at Interscope GeffenA&M and DGC Records, to taking a new post as COO at Beats Electronics. Those in the know share that the move was a reluctant one for Wood, who spent years working in A&R at the Jimmy Iovine-helmed label, and that the installation of new Universal Music Group CEO Lucian Grainge, who wasted no time in cutting executive staff, prompted the shift. It also follows a large cast off of artists from the IGA roster… Others rumored to be making a preemptive lateral to Beats include A&R player Todd Parker, who worked closely with Wood and was also tasked with liaising between MySpace Records and the label. An arrangement that is believed to be soon coming to an end.