[VIDEO]http://www.youtube.com/watch?v=E6bx98koy0I]‪RECORD INDUSTRY‬‏ - YouTube[/VIDEO]
Pretty interesting perspective.
Interesting indeed. I think record companies now are learning a hard lesson nowadays. With today's technology what do these corporate dinosaurs offer to aspiring musicians? They've been becoming exponentially more obsolete over the past decade.
A few reasons:
1. Getting a solid quality recording is dirt cheap.
2. With things like Youtube, twitter, facebook, a number of different cloud sites and I guess myspace (if anyone still goes on that...) getting exposure is easier than anyone could have imagined back then. Yea yea, there may be a lot of crap to sift through but if you've got the goods you'll surface up fairly quickly and be noticed.
3. With distributing methods such as iTunes you get a 30% cut of what you sell. Try to negotiate HALF that with a label and you'll have them ROFLing so hard they won't even be able to physically tell you to get out.
Now what do these crumbling towers of greed really have to offer us? Really? They've had a number of chances in numerous recessions to try and reinvent the wheel but instead of being innovative they were consumed by the bottom line. Meanwhile a lot of people who love music were busy creating new wheels.
The mega conglomerate record industry will never regain what it was and how prosperous it was in the 20th century. In the long term that will be a very unique time in musical history that served a very valid purpose and no matter how exciting it was and no matter how nostalgic we get over it we will never be able to duplicate it.
They made music into a commodity but now it's returning to its original form; art.
Oh well boys, it was fun while it lasted.