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"Our job is to find and develop artists," said Michael Smellie, BMG's chief operating officer.
EMI could develop artists, record them and then press their records.
It intends to develop artists who cannot yet command the attention of major labels and to sustain worthy ones who can no longer do so.
One friend suggests that Blavatnik's strategy rests less on new music, and the expensive, speculative business of trying to develop artists, than on Warner's gigantic catalogue of recordings and publishing, from the early sixties to the present.
Geoff Taylor, head of the music industry body the BPI, called Davey's remarks "ill-informed", pointing to Mumford & Sons, Emeli Sande, Ed Sheeran, Muse and Jessie J as proof that majors do develop artists.
"If this plays out in reality, it does make it tougher for developing artists and labels who are trying to develop artists," said Ian Montone, who manages the rock band The White Stripes.
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I dealt with the band in terms of any promotion I could develop, artist development, marketing and strategy.
Record companies worrying more about market share than developing artists.
"Our main mission is developing artists, but also developing audiences," he says.
"The signing and marketing of new and developing artists is a very bad business," Mr. Mestel said.
The company has also proposed to Billboard a special section or chart devoted to new and developing artists.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com