Exec to develop future business strategies
Bob Buziak, former president of RCA Records and Sony’s TriStar Music Group, was named to Music.com’s board of advisors Monday.
Since 1995, Buziak has headed an independent consulting firm, Buziak & Co., with clients ranging from AT&T, TCI Music, Liberty Digital, Zomba/Jive to Jeff McClusky and Associates.
“I get approached once a week by a kid with $2 million and a bad business model,” Buziak said. “So many people are trying to capitalize on the emergence of the Internet, so they come to you with what appear to be great ideas. But most can be duplicated, or there’s already someone who has taken a position in that space. … But Music.com, to me, is a gem.”
Music.com, launched in October 1998, provides music information, downloads, chats, free e-mail and online radio.
“(Buziak) understands the unlimited opportunities the Internet affords the distribution of music, giving the consumer access on demand to a host of products, information and services,” said Philippe Bellosguardo, president and CEO of the Morristown, N.J.-based Music.com. “It is this understanding, coupled with his deep knowledge of the record industry, that makes him an indispensable addition to our advisory board.”
Buziak said he would work in a number of advisory roles, including looking at candidates for management positions, helping to develop future business strategies and trying to hammer out strategic relationships with other companies. While he would not give specifics, Buziak said he is receiving equity in the company in exchange for his advisory role.
“I’ve watched sort of the third generation of new Internet businesses develop,” he said. “When I met Philippe and spent some time with him, I understood that his business model is not to create content but to provide a traffic platform. And Music.com is going to be the first URL that comes up in any search. I’ve seen the traffic reports, and I think it’s going to be very successful.”