Sathnam Sanghera of the Financial Times spoke with Lyor Cohen, president of IslandDef Jam records, on his controversial move of signing Mariah Carey to a three-album deal worth an estimated $21m. “I said to Mariah: ‘What’s your competitive advantage? A great voice, of course. And what else? You write every one of your songs – you’re a great writer,” he explained. “So why did you stray from your competitive advantage? Why are you dressing like that, why are you using all these collaborations [with other artists and other songwriters]? Why? It’s like driving a Ferrari in first – you won’t see what that Ferrari will do until you get into sixth gear.'” The full story at ft.com has since been removed.
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