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Post by webm@ster on Jun 14, 2003 11:18:31 GMT -5
The record company founded by the entrepreneur who discovered Oasis has gone for a song. Alan McGee bought his Poptones label back for just £1. The Scottish music mogul, who once advised the Government on employment policy, has become a victim of a record industry recession after failing to find a new band to match the warring Gallagher brothers. Mr McGee discovered Oasis in 1994 and signed them to his Creation records, which he sold to Sony for £20 million five years later. www.live4ever.us/2003_06_08_newsroomarchives#200425214
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