The name "record label" tells you how old the model of the music labels is.
Labels never really knew how to identify talent and instead would typically hedge their bets by taking money from a single successful artist and using it to fund a dozen prospective musical groups. One of these twelve could be promoted enough to turn a profit and keep the chain going.
This model doesn't benefit established artists who have formed a large fan base so now the better bands are walking away, increasing their fan base by distributing less expensively, releasing music when they want, and removing the excesses of a useless middle man.
No comments:
Post a Comment