ARTD has entered into a preliminary agreement with veteran entertainment executive Ted Field to become chairman and chief executive officer of ARTISTdirect and form a new record label in partnership with ARTISTdirect.
Field presently serves as chairman and CEO of Radar Pictures Inc., a film production company, and the successor to Interscope Communications, founded by Field in 1979. From 1990 to 2001, Field served as co-chairman of Interscope Records, one of the most successful record labels of the 1990s. Until 1984, Field was co-owner of Field Enterprises, a media conglomerate that owned numerous television stations, the Chicago Sun Times newspaper, and Cabot, Cabot and Forbes, a large real estate company. He has produced numerous blockbuster films, including ``Runaway Bride,'' ``Mr. Holland's Opus'' and ``The Hand that Rocks the Cradle.'' During the 1990s, Interscope Records signed such acts as Tupac Shakur, Nine Inch Nails, Dr. Dre, No Doubt, Snoop Doggy Dogg, Limp Bizkit and Eminem.
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