MeatLoafFan Posted:

Now, what are the record labels doing in this situation? Trying to keep their pockets lined.

Do tell me, why are we still using CDs? Why have we not moved on, to doing everything digitally? To have all the music bought online, track by track, and all radios/boom boxes being equipped with device to play music directly from an MP3 Player of sorts?

Because of the plethora of lobbying done by the record label, in order to keep themselves a job.

I have a friend, who records everything from his home studio, remixes everything himself, and releases it using social networking. Completely cutting out the record industry.

Now tell me, how can the record label justify trying to double the price of albums, only to keep a consistently affluent, and wealthy lifestyle? When the artist can do it all himself?

Except what you’re forgetting is the vast amounts of money record labels sink into artists. When a label finds a new artist, they give them an advance of $1,000,000 or so to make the album, be publicized, etc.

Then they take all the artists’ profits until they’ve recouped their money back. It might sound unfair, but just imagine if the artist isn’t a hit; they lose all that money.

They need to keep their pockets lined because they’re essentially gambling on every single new venture they do.

Plus, without that mbumive funding, the artist would have an extremely, extremely difficult time making it into the national limelight.
Shii edited this message on 04/18/2009 3:42PM