In a memo to staff on Tuesday, Universal Music Group CEO Lucian Grainge addressed recent press reports sparked by a New York Times Magazine story about a 2008 fire in Hollywood, California, that destroyed up to 500,000 master recordings in the record company's archive vaults.
In a memo to staff on Tuesday , Universal Music Group CEOdestroyed up to 500,000 master recordings"Even though that event happened more than a decade ago, and while I’ve been somewhat relieved by early reports from our team that many of the assertions and subsequent speculation are not accurate, one thing is clear: the loss of even a single piece of archived material is heartbreaking," he wrote in the email, which was obtained byWhile the fire's damage was initially downplayed by...
Grainge said the company has set up a special team specifically to field artist requests and will be "redoubling our efforts to be a leader in preserving the rich cultural legacy upon which our industry is based." Even though that event happened more than a decade ago, and while I’ve been somewhat relieved by early reports from our team that many of the assertions and subsequent speculation are not accurate, one thing is clear: the loss of even a single piece of archived material is heartbreaking.
This is just one small anecdote. I know so many of you have your own individual stories about how and why you're working here. But all of us came into this business for one reason: a love of music. Our artists and songwriters count on us to be the stewards of their art – today and for the future.
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