Wednesday, May 17 12:30 PM - 1:45 PM Session A: The Music Industry: Narrowband and Broadband Strategies What a year this has been! The music industry, more then any other entertainment sector has come under assault by the Internet technologies. There is no question that this has been a crisis year. How do record companies create a viable business model in the new digital environment? What is the relationship of the superstar artist to the record company? What about the marginal artist, the performer with forty thousand dedicated fans, how does the industry structure itself so that it includes all segments of the industry and doesn’t allow it to scatter and dissipate into twenty different separate entities? What about the technology? The Internet and the music industries were clearly made for each other, but what does that mean and how do they set up house and live together in peace. On this panel we have representatives of the traditional music industry, the Internet music industry and hybrids of both and we look to them for guidance and insight. Adam Somers, Sr. VP Partnerships, Music.com David Pakman, founder & SVP, Myplay.com Sandy Smallens, Executive Vice President, GetMusic Jim McDermott, VP of Online/Emerging Technologies, Epic Records Group Larry Mattera, VP, New Media, Island/DefJam Recording Stuart Shapiro, President, Artistent.com Ted Cohen, President, Digital Music Network, Moderator Adam Somers, Sr. VP Partnerships, Music.com: Prior to his new position with Music.com, Adam Somers had long relationships with WEA and Dreamworks Records. At Dreamworks he was responsible for the multimedia areas. Specifically, Internet Marketing & Promotion as well as the overall planning of the DreamWorks Records website. Prior to that, from September, 1995-May, 1996, Adam was General Manager of Vapor Records, which is an indie label started by Elliot Roberts and Neil Young. The label is associated with Warner/ Reprise and distributes both through WEA Distributing and the Alternative Distribution Alliance. In that capacity, he was responsible for all liaison and marketing with Reprise and the distribution company as well as supervising the production of the packaging, inventory control, tour support, and all marketing planning and implementation. Earlier in his career at Warner Bros. his roles included: 1994 Executive Vice President, Alternative Distribution Alliance. Alternative Distribution Alliance is the alternative music distribution system for the Warner Music Group labels and associated labels. 1991 Sr. Vice President Marketing Planning & Operations, Warner Bros. Records. 1988 Sr. Vice-President Creative Services & Operations, Warner Bros. Records. 1980 Vice President of Creative Services & Operations, Warner Bros. Records. 1975 Director of Merchandising & National Operations Manager, Warner Bros. Records. 1973 Director of Merchandising, Warner Bros. Records. 1972 National Merchandising Manager, Warner Bros. Records. 1971 Assistant to the Director of Merchandising, Warner Bros. Records. Ted Cohen is Executive VP of Digital Music Network Inc., parent company of Webnoize and DMN Consulting. The newest executive-level addition to DMN, Cohen is a 25-year veteran of the music industry and has served in senior management positions for both Warner Bros. Records and Philips Media. Most recently, Cohen has run a highly successful, independent new media consulting operation, Consulting Adults, attracting clients like Amazon.com, Microsoft, Universal Studios New Media, DreamWorks Records, Liquid Audio, Wherehouse Entertainment and many other entertainment, computer and new media organizations. Cohen is considered a leader in the new media/music field and one of the most well-connected players operating in the space. Stuart Shapiro is the President of ArtistEnt.com and it's subsidiaries. Mr. Shapiro was the founder of FirstLook.com and Woodstock.com. He was also the producer of the Woodstock '99 webcast, the largest and most comprehensive music webcast in the history of the Internet. Additionally, Mr. Shapiro produced USA Networks' award winning music video show, "Night Flight," followed by "Radio 1990."