What's happened to the music industry?

Corbett | October 6, 2007 11:34 AM

I used to be very active in the music industry in Asia. First as a recording artist, then as a record company exec, then as a producer, then as a manager/promoter, then as a new media tech company exec. A lot of people still believe the old industry exists, especially those colleagues still getting salaries for putting out acts. Many of them have bled their companies dry, funneling funds to their own artists, or taking the standard kick back to fund their personal clubs, lounges, restaurants, production companies, and other paid-by-the-major-label who-can't-control-the-situation-but-doesn't-have-other-options perks. It's been a grab it now while you can mentality.

People always ask me what my opinions are on file sharing, CD burners, pirate CDs, etc, and I often get into long discussions about how the artist is the last to get paid, the fate of the industry, parallel imports, hardware taxes, new formats, et al...

Today during the typhoon, I stumbled across this fantastic roundtable discussion on Freakonomics.com about the future of the music industry that says everything in a much better way than I could hiting all the points I kept arguing about with stubborn (and now out of work) record company execs 10+ years ago.

It's worth a read if you wonder what's happened to the music industry.

Category: Music

Comments (1)

Comments

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john

October 27, 2007 8:29 PM

I don;t understand this i just need to do my homework for english

:P:P:P:P

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