The writer believes that Prometheus Global Media, known for distributing Billboard magazine and other publications focused on music and film, could also distribute their new magazine focusing solely on new artists, as this approach could challenge Billboard and increase Prometheus' revenue. Prometheus Global Media is based in New York and distributes magazines like The Hollywood Reporter and Backstage, in addition to Billboard. Billboard is an American magazine founded in 1894 that initially covered bill posting but shifted to focusing on the music industry in the 1960s, proving to be a good business decision.