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Part 7: Lyor Cohen Explains How Labels are "Day Trading Rappers" These Days
Part 1: Lyor Cohen on Growing Up in LA & Israel, Losing All His Money Doing a Hip-Hop Show
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In this clip, Lyor Cohen discussed the changing landscape of the music industry with Vlad. Pointing to the breakthrough success of country artist Oliver Anthony, who managed to achieve a number-one song without any prior chart activity, Vlad questioned whether this is indicative of a shift in importance away from traditional major labels. Lyor, however, believes labels retain an integral role, stressing the significance of artists focusing on producing high-quality music rather than simply chasing fame. Lyor, who has played a significant part in fostering successful talent such as Julie Greenwald, Kevin Liles, and Chris Lighty, credits the success of these multi-millionaires to their hard work and commitment to the team rather than his mentorship.
