On Music Royalties
I just finished reading Jerry Del Colliano’s post on music royalty negotiations between record labels and radio operators. In the post he rightfully skewers the record labels as being greedy, but also the whole legal negotiation being a great waste of time. I couldn’t agree more.
FTA:
“Music royalties are a thing of the past.
Traditional radio is a thing of the past.
I know, no one is going to give them up. But the system of calculating royalties in a digital world is insane and will not hold up.”
He makes a great point – the whole argument isn’t even relevant anymore…
It is now easier, and faster to go on the pirate bay and get any album you want, than going to iTunes and purchasing it. Believe me, it’s drastic. The majority of kids who are in that coveted teenage demographic don’t lie.
Do you know how many publishing houses that are out there? Just under a THOUSAND by my count. I have never been given a satisfactory explanation to justify why that number makes sense. This number should merge or shrink significantly in order for the industry to move forward as free internet radio becomes more prevalent. Artists are going to be forced to earn revenue from alternate avenues in order to survive.
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