David Waxman Named President of Ultra Records, Founder Patrick Moxey Exits
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David Waxman has been named president of Ultra Records, with founder Patrick Moxey exiting the company. The change in leadership may be related to a shift in ownership, as one report suggests that Sony has acquired full ownership of Ultra Records. Meanwhile, another executive, Oscar Scivier, is leaving Ultra Records to become VP of A&R at First Access Entertainment.
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