Is MySpace the new Whiskey A Go Go?
Could John Hammond have discovered Billie Holiday, Bob Dylan, or Bruce Springsteen by scrolling through MySpace pages?
The Babe Ruth of talent scouts, Hammond made Artists & Repertoire guys famous. These music-label reps have a storied history of haunting backwater honkey tonks, nightclubs, and dive bars in a quest for hot new acts. In the future, some may be asked to forget the clubs and restrict their searches to the Web.
Private-equity firm Terra Firma, the company that acquired record company EMI in May, is now trying to attract investors by floating a plan that includes drastic cost cuts at … Read more