Re:Why Google Should Buy the Music Industry
by ethank on Saturday April 16, 2011 @01:20AM
(#2453247)
Give me a break. Artists are "forced to sign"? Since when?
Artists with good contracts retain master rights after a period. An artist signs to a major label fully knowing what they are going to get. They do this in exchange for the possibility of attaining something they most likely won't get.
If they don't want that remote chance of stratospheric success, then they sign indie or go at it alone.
Labels are run horribly yes, no mistake about that. They are a 15 year behind method of operating. But don't for a second believe that the culpability doesn't go on both sides. At least until you've read a deal memo or been party to a signing.
Artists with good contracts retain master rights after a period. An artist signs to a major label fully knowing what they are going to get. They do this in exchange for the possibility of attaining something they most likely won't get.
If they don't want that remote chance of stratospheric success, then they sign indie or go at it alone.
Labels are run horribly yes, no mistake about that. They are a 15 year behind method of operating. But don't for a second believe that the culpability doesn't go on both sides. At least until you've read a deal memo or been party to a signing.