“Legendary music executive Mo Ostin passed away peacefully in his sleep last night at the age of 95,” said Warner Records’ co-chairman/CEO Aaron Bay-Schuck and co-chairman/COO Tom Corson. Warner Music Group and Warner Records wouldn’t exist without his passion, vision, and intelligence. Mo Ostin with the Rat Pack Warner Records ArchiveHe was still with the company when Frank Sinatra lost out to MGM Records in a bid to purchase Verve. Warner Records ArchivesAt the end of his tenure at Warner, Ostin told company historian Cornyn, “In this business, the company should never underestimate the power of its artists. He contributed another $10 million in 2015 to the university’s basketball training facility, the Mo Ostin Basketball Center.

Source: Los Angeles Times August 01, 2022 22:16 UTC