Hollywood - Starbucks has announced that they are pulling away from their entertainment division, taking a step back from their music label.
Starbucks will turn over all day-to-day operations of its Hear Music record label to Concord Music Group.
Starbucks stated that the music label, which started in March 2007, will now be in the hands of Concord.
The label has already signed major acts such as Paul McCartney, and others.
The company believes it is time to now restructure their entertainment division.