It's First Quarter And The Industry Is On The Prowl (?)

Can anybody verify that the 1st quarter is the time that most execs look for talent? The reason I ask, I was chating with a guy who works for a mgmt co. based out of NY and he was mentioning that the shopping season is in. He's expecting a couple of demo's from me since he heard a couple of my songs, so I think it's time to get real serious. As we were chating he mentioned Warner Bros. Records was in the market for some new acts, so he said "time is of the essence". I was excited to hear that and have never been in this position before, so I'll probably spend the rest of the week going through programs & files in hope of finding stuff to piece together.