New Order's Peter Hook to launch music management degree Former New Order bassist Peter Hook is hoping to prevent future music professionals from making the same mistakes he did by launching a masters degree in music management and promotion. He has partnered with the University of Central Lancashire - along with other music industry figures such as music venue magnate Aaron Mellor and Tony Rigg, former operations director for the Ministry of Sound - to create the course where he'll act as a mentor to students. As well as being a founding member of Joy Division and New Order, Hook's experience with Factory Records and the infamous nightclub The Haçienda has given him an inside view of the avoidable mistakes that can be made in the music industry. Hook told the BBC, "The way that Factory worked, it was full of very creative people who never looked after business - and that's why all those businesses crashed. They were based on very idealistic ideas, very creative, very naive. They only rumbled on because Joy Division and New Order's success paid for all our mistakes. In Factory and the Hacienda - and in many ways in New Order and Joy Division - we never really looked after business. The Haçienda opened 30 years ago as a small scale venue to showcase bands and was co-owned by Hook. However, as the years progressed it became famous for its drug culture and later gang violence before closing in 1997. In 2009 Hook released his memoir titled How Not to Run a Club and the Haçienda's fateful story was the subject of the 2002 film 24 Hour Party People. The course will be taught on a small scale, initially beginning with only 10 students who can be mentored "intensively." The university aims to equip students with the management skills that were lacking in the Eighties, such as "identifying and monetising viable music projects ... business planning, presenting and formatting music for commercial release ... as well as devising and executing marketing plans & promotional campaigns."