Mottola won’t get what he wants after all

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This is the latest from Hits… [quote]SHOW HIM THE MONEY…or not: Former Sony Music chief Tommy Mottola won’t get anything like the $30 million he’s reportedly looking for to fund a new label/management/TV venture, according to a report in the New York Daily News, which quoted an unnamed exec as saying, “He’s considered old-school, and the business has changed.” The report says Mottola has been talking with investment bankers about funding the venture. As previously reported right here. the most likely home for Mottola’s label continues to be UMG, but the EMI is another possible scenario; his wife Thalia is signed to EMI Latin. (5/2a)[/quote] :arrow Source:

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