In the heated debate over music piracy and the consequences that have come from the industry's effort to compensate ("death of the album", availability/saturation of streaming services, etc) there are good arguments on both sides. However there is one issue that is often overlooked, even by the high-minded/horsed fringe cultures often supportive of "free" music. The unfortunate, broader impact is not that musicians get shorted on sales, but the industry is in a relative stranglehold when it comes to taking chances on new music. Nowadays it seems like the only artists who get decent deals from record labels are the ones who don't need them. Most labels will only bet on the artists who aren't any kind of a gamble. Newer, more obscure bands are forced into what's called a '360 deal', meaning that every cent the band makes belongs to the label until they are compensating for recording costs and so forth. To make matters worse, the labels also have their financial hands tied when it comes to things like promotion, booking agents, merchandising...leaving the bands to do it on their own, and do it very well, or perish. As we talked about in the last post, bands may be getting record deals but it doesn't mean much if the band winds up more broke than when they started. To find out more, click on the link below:
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