Variety reports: “Columbia Records has entered into a joint venture with former Capitol Records chairman-CEO Jeff Vaughn to launch Signal Records, the company announced Wednesday. The Los Angeles-based imprint will operate as a new label with Columbia Records of Sony Music Entertainment and begin operations immediately, with an artist roster to be announced in the coming weeks. As founder and CEO, Vaughn will lead the company’s creative direction and business development while utilizing Columbia’s marketing, promotion, and label services.”

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