Tommy Mottola Launches Casablanca Records With Universal

Tommy Mottola has entered into a deal with the

Universal Music Group and has launched Casablanca Records.

"We are delighted to be in business with

Tommy and his dynamic team at Casablanca," Doug Morris, Chairman and CEO

of Universal Music Group said.

"For over a decade, he was the heart and

soul of Sony's creative success. Tommy brings to the company the same innovation

and creativity that have been the hallmarks of everything he's done in his storied


Mottola said that after examining many different

options, he took Universal due to the "right combination of elements."

"I could not ask for a better partner than

Doug; our close friendship began over twenty years ago, and I am thrilled to

be working with him now," Mottola said.

Mottola comes to Universal after serving as Chairman

and CEO of Sony Music Entertainment for ten years. During his tenure he developed

such acts as Nas, Destiny's Child, J.Lo, Mariah Carey and others.