Tag Archives: Moguls

Steve Stoute Discusses Alternative Routes Of Generating Revenue In The Music Business

CEO of Translation Steve Stoute

Steve Stoute is someone I’ve long admired and respected for his business savvy. Actually, one thing a lot of people don’t know, is that while I am influenced by many business leaders, it was actually his movements that motivated me to start my own business.

When Steve Stoute started Translation in 2004, I found any piece of news I could find about the company, its vision and its work. I was tired of seeing the limited creative input at label jobs and the limited growth potential up here in Canada. I wanted to do something different and something more.

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Kill The Record Labels

A new documentary was just released by directors, Charles Rand & T.Thomas, titled “Kill The Record Labels”.

For decades hip hop has been controlled by the record companies. They invest millions and profit billions from global cassette, cd, and now ringtone sales. Music moguls afford a lifestyle comparable to what we see on mtv cribs. Eventually hip hop artist would adapt the record company formula, and start to strategically promote and market there own music. This has created a conflict inside the industry. The Record companies, in conjunction with the Recording Industry Association of America (RIAA), have declared war. Offices have been raided, Mom and Pop stores have been closed, and many have been arrested. Hip Hop Artists, Djs, and producers have decided that the only way to survive in the music business is to “Kill The Record Labels”.

Watch the video trailer below:

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Jimmy Iovine Discusses The Future Of The Music Business

Here’s an interesting video I found of Jimmy Iovine discussing his views on today’s music industry and his vision on the direction it’s taking. (Note: The video is about a year old)

He offers advice for new artists as well as talking about possible distribution models, what makes a great producer and the future of Interscope and the traditional record label.

[flv:http://www.artistshousemusic.com/video/recordlabels/jimmyiovine.flv 425 319]

The Original "Mogul In The Making"

Making The Mogul / MTV & 50 Cent

A little while ago, I mentioned that I wrote a post on another site a while back, explaining my motivation for starting this blog and naming it makingthemogul.com.

Well, I found the post and am posting it here to share with you guys.

Dustin from Think2wice (Check it out. It’s one of my favourite spots to visit online.) asked “How Did You Come Up With The Name Of Your Blog?” to members of a Ning site called, The Urban Blogger.

This was my response:

I came up with the name of mine a few years back actually. When I started my first internship at a major label, Donald Trump and NBC had just launched the show, The Apprentice, and everybody used to joke around that I was “the real apprentice” due to my strong work ethic and never-lose attitude.

I always thought there should be a show that mixed The Apprentice with Making The Band. A show where people compete to make it in the business side of the music business.

We ended up getting one TV series that was almost amongst those lines, BET’s “Ultimate Hustler”. I say “almost” because the show didn’t seem to have a defined goal; if you win The Apprentice, you work for Donald Trump, if you win Making The Band, you get signed to Bad Boy, but if you won Ultimate Hustler, you won a car, a new wardrobe and I think some cash.

Didn’t make much sense to me.

We also had AOL’s web series, “Tha Biz”, which was more along the lines of what I wanted to see, but it was only aired online and didn’t receive much of an audience.

I figured if nobody else is giving me the content I want to see, then why not create it myself. I decided that a blog was the best format for me to deliver my story. I might incorporate video and other elements into the blog later on, but for now, the blog is my main platform.

So my blog is my version of the show/story that I always wanted to see – the journey of a young professional in the music business…..makingthemogul.com.

That’s what I posted on April 6, 2008.

Now, MTV & 50 Cent are launching the same concept with their new show, Mogul In The Making.

Don’t get me wrong; I’m not hating. I’m actually looking forward to seeing the show. I’m sure there are hundreds, if not thousands, of us who have thought of the exact same concept.

It seemed really ironic that we’d have so many reality show concepts and yet it took this long to launch this one. I’m happy they’re finally doing it though, although I just hope it’s executed up to the standards I always envisioned a show like this being.

Personally, I think it would’ve made more sense to have someone else rather than 50 do the show. Again, don’t get me wrong; 50’s definitely been doing his thing and has been making millions upon millions doing it; but we all know him firstly as a rapper, and as someone who’s name only became relevant within the past few years. Get Rich or Die Tryin’ came out in 2003. That’s only 5 years ago.

Like a true mogul, 50 is certainly proving to be successful in multiple avenues, however I would have like to see MTV partner up with someone whose history and success spans a longer timeframe. Somebody like Russell Simmons, Chris Lighty, Steve Rifkind, Jimmy Iovine, Steve Stoute, Lyor Cohen, L.A Reid, Jermaine Dupri, Jay Z or even expand the Making The Band franchise and have Diddy do it.

These are all people who’ve been breaking all kinds of records and making historic movements since before the new millennium.

As a fan and viewer, those are the people I’d like to see the show air with, but as a decision-maker, I agree that 50 Cent will achieve higher ratings than most of the people on my list; especially since most of them are not entertainers themselves and don’t have the massive fanbase as does an entertainer like 50.

Anyhow, like I said, I just hope the show ends up living up the expectations. (I also hope they end up helping my web traffic rankings rather than killing it!)

Chris Lighty Discusses What Hip Hop Is

In this video with hiphopis.us Mr. Violator himself, Chris Lighty, discusses what hip-hop is to him.

By the way, this is the second time I’ve heard someone pronounce Lupe Fiasco as “Loopy Fiasco”. The first being Jay Leno during Lupe’s performance a few weeks back. What’s up with that?

Thanks to Aura for the video.

Jay Z On The Big Idea

Anybody who knows me knows that I don’t watch much tv really; just a few shows and then just some re-runs of a few classic sitcoms to give me background noise while I work. One of my favourite shows out there though is The Big Idea with Donny Deutsch on CNBC. If you don’t know who Donny Deutsch is – get familiar.

Donny occasionally invites music moguls on the show (Clive Davis, Jermaine Dupri, Diddy, etc) to discuss their rise in business, their current and upcoming ventures and etc. He recently had Hov on the show and since I’ve got this blog up now, I thought I’d share this clip with you.

Check it out.