An excellent post, Jack, and ditto on your thoughts!
Quote:
Originally posted by JackSpratts
when you see figures that show less than 1% of artists make a profit from their recordings but continue to record because they must to fill clubs, you know the business is one-way in favor of the labels and must change for music to stay healthy.
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The 1 % profitability argument makes sense only inside the 'old' music industry and its promotion/distribution infrastructures. For an outsider the facts are pretty clear: it's an outdated, bloated and corrupted industry fighting for its survival against novel distribution/promotion approaches, particularly p2p. Like Jack so well points out, if only 1 % of the artists make it big enough to earn a living and to be widely heard with all the money we spend on CDs then whoever is running the business is making a lousy job at it - at least as far as artists and audiences are concerned. P2p has already proved its potential as a cheap global distribution technology; many of us have similarly tasted its great potential as a peer-oriented promotion (or rather
suggestion) media.
- tg
