The Shortlist Music Prize appears to have come to an end after a disagreement between its founders. Artist manager and Shortlist principal Tom Sarig is moving ahead with plans to stage a like-minded a

The Shortlist Music Prize appears to have come to an end after a disagreement between its founders. Artist manager and Shortlist principal Tom Sarig is moving ahead with plans to stage a like-minded awards ceremony, the New Pantheon award, early next year.

The Shortlist was co-founded by Sarig and Greg Spotts as a sort of companion to the U.K.'s Mercury Prize. The award is designed to bring more mainstream attention to lesser-known artists, and past Shortlist winners have included TV On the Radio, Damien Rice, Sigur Ros and N.E.R.D.

Sarig manages such artists as Against Me!, Le Tigre and Blonde Redhead, while Spotts has left the music industry. He made the 2003 documentary "American Jobs," and recently completed a book companion to the documentary "Wal-Mart: The High Cost of Low Prices."

Says Sarig, "We were at different places in our lives. It's nothing acrimonious. We mutually decided not to continue the Shortlist."

Spotts, however, says he wanted to stage a 2005 Shortlist. "There was nothing financial or cultural to stop the Shortlist from continuing. It just happens to be 50/50 entity, where both partners have to agree to do something ... The only problem seems to be with us finding a way to comfortably manage the company together. But the company has zero debt, and paid a nice dividend to both of the owners last year."

Sarig is pushing ahead with his New Pantheon award and says the nomination panel for the prize will include Elton John, Elijah Wood, Shirley Manson, Keith Urban, Death Cab for Cutie's Ben Gibbard, Margaret Cho, Dave Matthews and John Legend, among others. He hopes to announce finalists the week of Nov. 28, and stage a concert in Los Angeles two weeks before the Feb. 8 Grammy Awards.

Last year's Shortlist was carried live on XM radio, and Razor & Tie released a compilation CD. While a Nov. 15 L.A. concert featuring TV On the Radio, Dizzee Rascal and Nellie McKay was sparsely attended, Spotts says the Shortlist was profitable.

Spotts says he's investigating his legal options.