Music Banter - View Single Post - The DECLINE of the RECORD LABEL : who or what is to BLAME???

LOLPOCALYPSE · 08-22-2011, 06:35 PM

I just wrote a research paper on this...I don't have time right now but I will definitely be discussing this at some point.

In short though, major labels are becoming obsolete (sort of like publishers).
Look at:
-Recent rise in independent labels
-Free music business model being utilized by underground and popular artists alike
-Artists get less gross profit but more net profit without major labels
-Artists make virtually nothing from album sales
-Only about $23 out of every $1000 made in the music industry goes to artists
-CDs have been demoted to a promotional tool

08-22-2011, 06:35 PM	#20 (permalink)
LOLPOCALYPSE Aryan Wonder Join Date: Apr 2011 Location: Indiana Posts: 445	I just wrote a research paper on this...I don't have time right now but I will definitely be discussing this at some point. In short though, major labels are becoming obsolete (sort of like publishers). Look at: -Recent rise in independent labels -Free music business model being utilized by underground and popular artists alike -Artists get less gross profit but more net profit without major labels -Artists make virtually nothing from album sales -Only about $23 out of every $1000 made in the music industry goes to artists -CDs have been demoted to a promotional tool