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===Further mergers=== {{Main|Capitol Music Group|Virgin Music Group}} Capitol Records and Virgin Records America merged in 2007 to form [[Capitol Music Group]] after a massive restructuring of EMI Group Ltd.<ref>{{cite web |url=http://www.rapbasement.com/content/view/2380/35/ |title=Capitol Records Merges With Virgin |website=Rapbasement.com |access-date=28 February 2013 |url-status=dead |archive-url=https://web.archive.org/web/20070202172212/http://www.rapbasement.com/content/view/2380/35/ |archive-date=2 February 2007 }}</ref> Stepping down as chief executive of Capitol Records was Andy Slater, with Jason Flom, former executive of Virgin, taking the reins as chairman and CEO of the newly created company. Universal Music Group (UMG) purchased EMI in 2012, thus acquiring Virgin. UMG absorbed Virgin's UK operations to create [[Virgin EMI Records]] in March 2013.<ref>{{cite web |url=http://www.emimusic.com/blog/2013/universal-music-uk-launches-virgin-emi-records-2/ |title=EMI Music | Universal Music UK launches Virgin EMI Records |access-date=2013-04-04 |url-status=dead |archive-url=https://web.archive.org/web/20130430133917/http://www.emimusic.com/blog/2013/universal-music-uk-launches-virgin-emi-records-2/ |archive-date=30 April 2013 }}</ref> On 16 June 2020, Universal rebranded Virgin EMI Records as EMI Records and named Rebecca Allen (former president of UMG's Decca label) as the label's president, with Virgin Records now operating as an imprint of latter label.<ref>{{cite web|author=Mark Sutherland|title=Virgin EMI rebrands as EMI, Rebecca Allen appointed as label president|url=https://www.musicweek.com/labels/read/virgin-emi-rebrands-as-emi-rebecca-allen-appointed-as-label-president/080102|website=Music Week}}</ref> In February 2021, the [[Universal Music Group]] announced that it would rebrand the [[Caroline Records|Caroline Music Group]] as Virgin Music Label & Artist Services. The name change was "inspired and influenced by the spirit and ethos of the iconic Virgin Records label".<ref name=rebranding/><ref>{{Cite web|date=2021-02-18|title=Virgin record label to relaunch backed by Universal Music and Richard Branson|url=https://inews.co.uk/news/media/virgin-record-label-relaunch-backed-universal-music-richard-branson-877916|access-date=2021-02-19|website=inews.co.uk}}</ref> In September 2022, UMG consolidated Virgin Music Label & Artist Services, [[Ingrooves|Ingrooves Music Group]], and the recently acquired mtheory Artist Partnerships as part of the newly launched division [[Virgin Music Group]].<ref>{{Cite web |date=2022-09-13 |title=UNIVERSAL MUSIC GROUP LAUNCHES VIRGIN MUSIC GROUP |url=https://www.universalmusic.com/universal-music-group-launches-virgin-music-group/ |access-date=2022-11-24 |website=UMG}}</ref> UMG also appointed mtheory founders JT Myers and Nat Pastor as co-CEOs of the new division.
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