As reported in UK's Music Week magazine on July 5th:
Beggars Banquet managing director Martin Mills has vowed that 4AD will continue functioning as a label despite most of its staff being laid off following a decision to bring it into the Beggars stable last week.
Four staff, including head of A&R Lewis Jamieson, were made redundant last Monday with key operations such as marketing being brought in house. Head of marketing Dan Coxon, Tim Hall, who oversaw reissues and plugging, and press assistant Justin Spear also left the company.
The label, a co-venture between Mills and LA-Based Ivo Watts-Russell, is now down to just two staff - managing director Simon Harper and head of promotions Coleen Maloney.
Its key UK singings include Gus Gus, Mojave 3 and Cuba, although it is understood that the latter act are unlikely to extend their current one-album deal.
"4AD has always run completely separately from the other Beggars Banquet labels and it became sensible to bring it in. This will further allow it to be run from LA" says Mills.
JEFF KEIBEL TORONTO, ONTARIO CANADA