They already bought the song, so they should be entitled to a free download. After all, many people bought 8-tracks or vinyl albums only to see the formats change to CD. I also believe that certain songs actually should be available, even by the label itself, for free download. If the labels don't change the way they approach this, they'll soon find out that the web is bigger than they are. In short, labels need to learn to use the net rather than fight it. That's if they have a good deal, and most deals aren't good - unless you see things from a label point of view. For every million dollars an artist makes, they see less than a hundred grand of it. You'd be amazed at how little money artists actually see. We still have guys here who think giving an artist a decent "crib" and a couple of nice cars entitles them to keep the artists' royalties. While I personally think the labels should embrace the net and use it in a way that benefits everyone, we have a lot of "old blood" that doesn't like change. The internet is a threat to the current way of doing business. While the label and the execs are swimming in cash, the artists often see little in the way of real net dollars on album sales. The artists are in all reality short-changed most of the time. What most label people don't tell you is how they're the ones making the money. Then again, maybe it's time to shake things up a little. Unfortunately, most people at record labels see the internet as a threat to the current business model. Unlike most of my peers, I see an untapped potential rather than a threat. While they are one person's take on the scene, his views are an interesting read.Īs a record label executive, how do you feel about the Internet? Naturally the identity of the author cannot be revealed because of fear of reprisal from his employer. What is included below may sometimes be controversial to some, but none of it is fabricated. When sent a whole range of questions regarding business practices of the major labels and how different aspects of the record industry work, he was only to happy to spend some time writing some in depth and thought provoking replies. He is a long time site regular who works in Los Angeles for in a high profile position for one of the big four major record labels. The Insider Interview: The Record Industry Exposed
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