“Increasingly, the music companies understand that they have to take some of the money back from the artists to correct a business model that has squeezed their profit margins. The challenge as the consolidation takes effect is whether the artists will agree to sign away some of the rights they have enjoyed in the boom times.”
That’s a quote from an article in The Sunday Times Business Section from a couple of weeks ago, relating to the EMI/Warner deal.
So, let me get this right, record companies are struggling to make enough millions, so they take money from the artists? artists who already surrender the ownership of their recordings (which if they want them back they have to buy back, they don’t actually revert to their possession after they’ve paid of their advance or ‘loan’, like a mortgage where you never get to own the house…), artists who already often end up on a crappy retainer while the record company fritters away their advance on unwanted and unneeded extras to people within the company (hiring their own contracted producers, using RC owned studios, paying for limos/parties/schmoozing journos etc…)…
Good lord, I’m so glad I went the indie route… While there are clearly some advantages to getting signed etc. it seems that the cons far far far outweigh the pros unless you only want to be some educationally challenged cat walk buffoon pedalling rehashed 70s MOR tunes on totp after winning a televised school talent contest (only, at most school talent shows I’ve been to, the winners have been considerably more telented than ANYONE I’ve seen win fame academy or pop idol or whatever…)
the time is now better than ever for supporting indie artists, listening to indie radio (or the BBC, which seems to be be a bit more flexible than national commercial radio in its playlisting), and supporting indie cd shops. Next time you’re thinking of buying a CD, head over to cdbaby.com and have a browse around to find something new and original that you like, rather than spending far too much money on some tripe that’s in the charts. Go on, I dare ya!
in other news, I’ve just been booked for an improv gig in Derby on Wedneday night – obviously, I’ll post more news when it comes in, but it’s going to great fun! Orphy Robinson on steel pans and assorted odds ‘n’ ends, and another vibes player… :o)
Soundtrack – The Rough Guide To Congolese Soukos (amazing stuff, get this CD!); John Patitucci, ‘One More Angel'; some loops that I set up about an hour ago and am still listening to…by