tommyboy

Tommy Boy CEO Wants Label Back

ommy

Boy Records

Founder and Chief Executive Officer, Tom Silverman is trying

to negotiate with investors to buy back half of his label from

Warner Music. His contract is set expire in 18 months. Silverman

sold 50 percent of his label in 1985, sold the remaining 50 percent

to Warner in 1989 and then re-negotiated his deal in 1996 to buy

back half of the label. Warner is currently doing the executive

shuffle, and trying to nab Interscope President Tom Whalley to

run the division.

Silverman

was in Washington DC along with Chuck D. to testify in front of

congress about the benefits of the Internet, and online music

distribution. He also addressed to problem of music piracy, describing

the Internet’s current culture as a "culture of infringement."

Tommy Boy has De La Soul, Screwball, DITC, Handsome Boy Modeling

School, Tony Touch, Capone and Noreage, Everlast, and also Distributes

The Black Label, which focuses on underground Hip-Hop.

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