///Corporate

STEPHEN FERRERA APPOINTED EXECUTIVE VICE PRESIDENT, A&R, ISLAND and MERCURY RECORDS

New York, NY - August 25, 2008 - Stephen Ferrera - who spearheaded the multi-platinum successes of Leona Lewis, Kelly Clarkson and Carrie Underwood and was instrumental in bringing the American Idol franchise to BMG’s RCA Music Group – has been appointed Executive Vice President, A&R, Island and Mercury Records, it was announced today by David Massey, President of Mercury Records.

In his new post, Mr. Ferrera will actively seek out, acquire and develop new talent, oversee recording projects from the creative standpoint, and solicit producers and repertoire on behalf of Island and Mercury artists. Mr. Ferrera, who is based in New York, will report directly to Mr. Massey.

"David Massey and I are kindred spirits and our musical paths have crossed many times over the years. I intend to invest all of my heart into the pursuit of realizing our artists' musical potential and dreams. I'm grateful to David and to LA Reid for allowing me to bring my passion, ideas and experience into this new position," stated Mr. Ferrera.

“Stephen is blessed with an impeccable reputation in the creative community,” said Mr. Massey. “He is a song man par excellence and a respected and accomplished musician and producer in his own right. That strength has served him well as one of the most talented A&R executives in the industry. His abilities complement our growing team at Island and Mercury, and we are extremely pleased to have him aboard.”

Mr. Ferrera comes to IDJ from RCA Music Group, where he has served as Senior Vice President, A&R/Staff Producer, since 2000. Over the last eight years, Mr. Ferrera has amassed a strong portfolio of diverse talent at the RCA Music Group. Some of the wide-ranging projects Mr. Ferrera has A&R'd at RCA include: Kelly Clarkson's two-time Grammy award winning album Breakaway (15 million albums sold to date); Carrie Underwood's Some Hearts (6 million albums sold to date); Rod Stewart's American Songbook series (20 million albums sold to date); Heather Headley; Landon Pigg; Paula DeAnda; Eliane Elias; and Fourplay, among many others.

Prior to joining RCA, Mr. Ferrera was head of A&R/staff producer at Jazz & Classics Capitol Records.

Mr. Ferrera began his executive career in 1994, as head of A&R/producer at the Chrysalis Group’s UK record company The Echo Label, where he signed and developed such renowned British alternative artists as Moloko, Feeder, Julian Cope, and Mono. A lifelong musician, songwriter, and producer, Ferrera has recorded with his own band for Universal/MCA Records and was an original member of Shakespeare’s Sister.

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