ommy
Boy
RecordsFounder 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.