Rhino Records - the catalogue arm of Warners - is having one of those restructuring that sounds like it'll wind up without much structure left. Variety is reporting up to 40 redundancies:
A statement from Rhino cited a "fundamental transformation of the physical new release and catalog business" as a reason for the cuts.
Company said Rhino will evolve into an entity that "handles WMG's global digital catalog initiatives, film, TV, vidgame and commercial licensing, and name and likeness representation for legendary artists."
Ah, yes. Which of us didn't dream of working in the likeness representation industry when we were kids, eh?