Capitalism in Music
April 14th, 2008
The music industry is getting really desperate for cash as the days go on. Universal has just announced that its Island Def Jam branch is going to team up with Procter & Gamble on a hip hop label to be named TAG Records. P&G’s TAG body spray for men is the inspiration behind the name. Also according to the announcement, Jermaine Dupri will act as the president of the new label. It’s a win-win situation if you think about it. P&G has a direct way to market its products and the artists will get loads of support from the marketing gurus. Hurray for capitalism!