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Russell Simmons revolutionized both rap music and hip-hop fashion by growing them from marginal street fads to mainstream must-haves, starting with the record label he co-founded (Def Jam) and his clothing line (Phat Farm). Now 50 and pretty much retired from both worlds, hip-hop's original businessman is focused on charities and empowerment causes. Simmons spoke with Time.com about his politics, his recent book Do You!: 12 Laws to Access the Power in You to Achieve Happiness and Success, his fortune and his little princesses...

Author: /time Magazine | Title: Russell Simmons: Reality TV Good for My Kids | 4/28/2008 | See Source »

...TIME: Recently BMG record label pushed famed music executive Clive Davis into a lower position. Are music industry business models changing too fast for the older execs?RUSSELL SIMMONS: You need progressive young thinkers, but Clive always is good at finding them. If you need people to find new ways to monetize music, they're likely to stumble into Clive's office as much as they are anyone else's [for] his vision. He's open minded enough to find whoever that is. It's not going to be the top executive who figures out the next creative...

Author: /time Magazine | Title: Russell Simmons: Reality TV Good for My Kids | 4/28/2008 | See Source »

...only imagine what went through the minds of Dancing with the Stars celebrities like wrestler Stacy Keibler, radio personality Adam Corolla or country music star Sara Evans when they were asked to participate as dancer/contestants on the ABC hit show. Were they really hoping to enter the world of competitive ballroom dancing? Or did they see the offer as an opportunity to raise their celebrity with the American public...

Author: /time Magazine | Title: Dancing with the Stats | 4/28/2008 | See Source »

...other show stars, controversy was the primary fuel for very limited brief spikes. The single greatest one-week spike, for example, was for third season contestant and country music star Sara Evans. Sara's search spike - over 8,000 times the normal level for searches on her name - actually had nothing to do with her participation in the show, but everything to do with her quitting the show mid-season due to a very messy and very public divorce from her politician husband...

Author: /time Magazine | Title: Dancing with the Stats | 4/28/2008 | See Source »

...changing strategy of record companies to a packed lecture hall at Harvard Law School (HLS) Friday. Gawley, an HLS graduate, focused his talk on the highly publicized all-in-one contracts of big-name stars such as Madonna and Jay-Z. He said that despite the threat of music piracy to CD sales, the music industry continues to thrive with profitable tours and merchandising. “Music has never been more popular,” said Gawley, adding that he is not convinced by claims of the record industry’s imminent demise. “The music...

Author: By Mark A. Vanmiddlesworth, CONTRIBUTING WRITER | Title: Record Label Exec Predicts Industry Trends | 4/28/2008 | See Source »

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