MAJOR MOVE AT INTERSCOPE: EVP MANDA TO EXIT

Interscope EVP Joie Manda will be departing the company at the end of the year. As 2020 concludes, the House of John Janick continues its impressive hot streak, with IGA in the #1 marketshare spot—cementing one of the most successful years in its storied 30-year history, with plenty more up its sleeve.

HITS has obtained the internal memos sent by label chief Janick and Manda on 12/15.

"For the last eight years I have worked alongside all of you and I’m immensely proud of the legacy we have built together," reads Manda's missive. "To see IGA become the number one label this year driven by the success of our artists and partnerships is very gratifying.

"I want you to know that I have shared with John that I have made the difficult decision to leave Interscope Geffen A&M at the end of the year to pursue new endeavors. I thank each and every one of you for making my time here so exciting and rewarding. And a very special thank you to John for his ongoing support and friendship.

"I consider us family, so our paths will cross again. In the meantime, please keep in touch. I wish you all a great holiday and a happy and healthy new year."

"When I began my tenure as Chairman of IGA," Janick's note begins, "my personal goals were very clear to me. I wanted to build IGA into the most successful label in the world, one which artists and partners would be excited to call home, and a company which empowered and highlighted the achievements of our employees.

"I am so proud that we achieved our standing as the number one label as a team; and prouder yet again to be working alongside all of you who helped to make this vision a reality.

"It’s bittersweet that we will be saying goodbye to Joie, who has made many contributions to IGA through championing our artists, partners and employees.

"I’ve always said that IGA is more than a company: We are family. I’m supportive of and so happy for Joie as he embarks on this new chapter in his career. Please join me in wishing Joie the best."