Los Angeles Times

Universal Music CEO Lucian Grainge promises 'transparency' over 2008 fire damage

The chairman of the world's largest music conglomerate on Tuesday instructed all who work for him to be transparent with musicians who contact the company to find out whether their recordings were among those destroyed in a 2008 fire reported to have consumed as many as 500,000 recordings.

"Let me be clear: we owe our artists transparency," Universal Music Group CEO Lucian Grainge said in an internal memo that was issued to staff globally, a copy of which was obtained by The Times. "We owe them answers. I will ensure that the senior management of this company, starting with me,

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