The rise and fall of the mass-produced hit — be it movie, song, or movie star — is a phenomenon unique to the last century. Nowhere has this cycle been more palpable over the past two decades than in the music industry, which, as detailed by Chris Anderson, editor-in-chief of Wired, in his book The Long Tail, “perfected the process of manufacturing blockbusters. The resounding commercial success of teen pop — from Britney Spears to the Backstreet Boys — showed that the business had its finger firmly on the pulse of American youth culture … their marketing departments could now predict and create demand with scientific precision.”

Then came the burst of dot-com bubble, rise of Napster, and peer-to-peer file trading networks. The fool-proof plan for creating a music mega-star began to splinter. Music moguls poured millions into lawsuits but the tide of music culture had long since turned, leaving executives disillusioned and bitter with the industry they knew so well. One by one they paid their respects (however vehemently) and either adapted or deserted.

Last week, Tommy Mottola, former head of Sony Music Entertainment who signed and developed artists like Mariah Carey, Celine Dion, Destiny’s Child, Jennifer Lopez, Shakira, the Dixie Chicks, and Mark Anthony, announced he had officially set his sights on a new industry: art. Over the fourth of July holiday, he opened a gallery in East Hampton that boasted of a hodgepodge of blue-chip works by artists like Warhol, Picasso, de Kooning, Alex Katz, Leger, and Rauschenberg. Mottola told the Wall Street Journal that “there’s never been a serious gallery out here in the Hamptons … I thought, with my knowledge and experience, I’d like to try my hand at it.” … Read More