In a press release on their website, Starbucks has announced that they're handing over control of their Hear Me music label to Concord Music Group. Quoth the CEO, Howard Schultz: “As part of our ongoing transformation, we are committed to examining all aspects of our business that are not directly related to our core.” For those keeping score, Starbucks' "transformation" involves the company transforming back into a coffee shop, although this time without the burnt coffee. Following this move, Ken Lombard--the now former head of Starbucks Entertainment--has "has left the company to pursue other business interests." As Brooklyn Vegan points out, this announcement comes admist news that Starbucks stock is starting to stagnate with the rest of the economy, so he probably wasn't given much choice.
The new Starbucks coffee tastes like McDonald's coffee.
Yet another reason why I'm glad that I'm a tea drinker: less drama and business/financial consequences.
I love the new Sbux coffee. :-) Does McDonalds brew their coffee fresh every 30 minutes?!?! I dont think so...
Giselle