Hands was speaking at the Super Return private equity and venture capital summit in Munich when he said : "The power and the decision has sat with the A&R man, who is someone who gets up late in the day, listens to lots of music, goes to clubs, spends his time with artists and has a knack of knowing what would sell."

"What we are doing is taking the power away from the A&R guys and putting it with the suits - the guys who have to work out how to sell music." - more on this story

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