Major Label Bad. Internet Good.

I don’t think it’s any secret that I think the record industry is flawed in the same way a business model built on indentured servitude and embezzlement is ‘flawed’. Here are two more witnesses for the prosecution…

Tom Waits

The record companies are like cartels. It’s a nightmare to be trapped in one. I’m on a good label now that’s not part of the plantation system…Most people are so anxious to record, they’ll sign anything, it’s like going across the river on the back of an alligator.

Lowside of the Road p.456

Steven Tyler

We must have grossed about $140 mill. [on the Permanent Vacation tour] But we must have walked away with no more than $3 mill each. It’s always been that way and it just plain sucks. Right now this band would make more money selling 100,000 albums on the internet than we would selling a million on Sony. It’s sad the way it works.

Mojo Magazine May 07

Related posts: Modern day slavery in the music business

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About mattblick

Songwriter/Singer from Nottingham, UK. My 2nd EP, Everything In The World Is Fighting Everything In The Sky, is out now. I'm blogging (& podcasting) through the entire Beatles catalogue at Beatles Songwriting Academy. In my spare time I wish I had some spare time.
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One Response to Major Label Bad. Internet Good.

  1. Old Nick says:

    It's wonderful to see these companies thrashing and decomposing. Meanwhile, organizations that actually help songwriters and musicians (like Taxi and ASCAP and NSAI) will survive and even flourish. I love it.

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