Geffen Head Reportedly To Resign

Geffen Records CEO Ed Rosenblatt is expected to step down from the label as part of restructuring by Geffen's parent company, Seagram, according to a Los Angeles Times report that cites unnamed sources. Broad reorganization has been anticipated for several weeks as Seagram decides how to merge its own Universal Music Group -- which includes Geffen and Interscope -- with labels owned by PolyGram (Def Jam, Island, others), following its purchase of PolyGram earlier this year for $10 billion. According to Reuters, Rosenblatt, 64, is expected to stay on until after the merger closes in December, or until his contract expires in early 1999.