PolyGram Likely to Restructure Music Units
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More changes are expected at PolyGram in the weeks ahead, sources said. The Dutch-owned corporation is likely to restructure its Polydor music label, leaving the catalog and artists under its A&M; sector while moving Elton John’s Rocket label over to its Island Group division. PolyGram executive Johnny Barbis is expected to return to New York to assume a presidency post at Island Records, where he will work for Davitt Sigerson, who could be installed as Island chairman as early as this week. A&M; is also expected to announce the signing of new jointure label deals with Ice Cube and Shaquille O’Neal, sources said.
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