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JCOR Records Formed; Jay Faires Launches New Label to be Distributed by Interscope Geffen A&M.

Entertainment Editors & Music Writers

NEW YORK--(ENTERTAINMENT WIRE)--Jan. 22, 2001

Mammoth founder Jay Faires today announced the launch of JCOR Records, an independent record label focusing on urban and rock music. He will serve as CEO of the new company.

"We are creating JCOR in response to the constant changes occurring in the music business. Technology is changing and creating mediums at an exponential rate, affecting the way artists and labels must work together," said Faires. "The label will support artists through a new approach to the business of marketing and distribution. We will keep the roster focused allowing us to have the time and resources to really nurture and develop the artists we release."

JCOR Records will be headquartered in New York with offices in Los Angeles and will be distributed by Interscope Geffen A&M, a division of the Universal Music Group. As part of the deal, Interscope Geffen A&M will provide JCOR with manufacturing, distribution, collection and specific promotional services.

Faires launches JCOR Records on the heels of his success with Mammoth Records, which he founded while obtaining his MBA at Duke University in 1989 with an initial investment of $400,000. In 1992 Mammoth inked a worldwide, joint venture agreement with Atlantic Records. Five years later, Faires reacquired Atlantic's interest and sold the label to The Walt Disney Co. for $25 million and remained at the helm until early 2000. In those 10 years, Faires signed ground- breaking talent that included Rock and Roll Hall of Fame inductee George Clinton, The Squirrel Nut Zippers, 7 Mary 3, Frente, Juliana Hatfield, Joe Henry, Victoria Williams.

Five-time gold album recipients and Source "Album of the Year" Nominees 8Ball/MJG is the first established act to sign to JCOR Records. On Nov. 21, the label released Space Age 4 Eva, an album USA Today calls "rock-solid, with funk-drenched grooves to move and shake you." The label will also re-release the 8Ball/MJG back catalog, as well as solo albums from both 8Ball and MJG in 2001. JCOR Records roster includes Slum Village, Kam, and a distribution deal with Goodvibe recordings.

About JCOR Records

JCOR Records was founded by Jay Faires, founder and former president of Mammoth Records. JCOR Records is distributed by Interscope Geffen A&M, a division of the Universal Music Group. JCOR Records is an artist-centric record label committed to the marketing and promotion of its artists by an innovative management team. The company is based in New York City.

About Interscope Geffen A&M

Combining the legacies of three significant record companies, Interscope Geffen A&M embarked on a new tradition of musical achievement with its combination on Jan. 1, 1999, as a subsidiary of Universal Music Group, the global music leader. Headed by Co-Chairman Jimmy Iovine, Interscope Geffen A&M is a major force across a wide range of musical genres including rock, rap, pop, alternative, Latin, gospel and soundtracks.

Universal Music Group is a unit of Vivendi Universal, a global media and communications company.
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Publication:Business Wire
Geographic Code:1USA
Date:Jan 22, 2001
Words:502
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