Interscope Geffen A&M forms new record label with Octone Records

Interscope Geffen A&M said it will launch a new label with Octone Records, calling it A&M/Octone. As part of the deal, A&M/Octone was also acquiring Sony BMG Music Entertainment's interest in OctJay, a joint venture between Sony BMG and Octone, Interscope said. Financial details were not disclosed