lott

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Roy Lott

President

Capitol Records

There’s a lot of hope floating at Capitol Records right now.

In less than three months, Capitol has more than doubled its market share to 6.5 percent, gaining a significant foothold as the fifth-largest label. That’s the beginning of what could be a turnaround under the stewardship of recently appointed President Roy Lott, 47.

“The Beastie Boys certainly doesn’t hurt,” said Lott, referring to the group’s “Hello Nasty” release that was ranked No. 2 on The Billboard 200 as of Sept. 5.

It’s been a long time between major hits for Capitol, whose last smash came two years ago with the multi-platinum “Romeo & Juliet” movie soundtrack. The beleaguered company is probably best known for its catalog of rock music and soundtracks, but has scored some success with the musical group the Foo Fighters.

The 56-year-old label, as well as its 100-year-old British parent, EMI Group, has seen a lot of executive shake-ups in recent years due to choppy sales. Lott was brought in three months ago to replace Gary Gersh, who stepped down after five years at Capitol.

Lott’s goals include bringing back the company’s black music division, which was scrapped in 1993.

“The need is to make Capitol a significant player in the urban and pop genres, and as a result make Capitol the No. 1 label in the country,” Lott said. “I’m keeping busy, but that’s good. Things are happening and hits are being made.”

Lott, who is a lawyer, brings nearly 20 years of experience to his new position, all of which were spent at New York-based Arista Records. A self-described talent-friendly guy, Lott said his passion for the industry goes back to his roadie days for Chicago and the Rascals.

“At Jerry Garcia’s funeral, I was introduced as, ‘This is the guy that made Jerry feel comfortable in the record industry,’ ” said Lott.

He said he appreciates the entire musical spectrum, especially older artists. “I’ve been very fortunate in this business in getting to know them,” he said.

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