Originally posted by rjstanford
One comment - read that again. For everyone who's so quick to bash the record labels, they really do provide services (such as legal defence, tour promotion, etc) that may be out of reach for many startup bands. They also charge the bands a huge amount of their potential money for basically being on retainer and doing these things. Its a trade-off, like so much of life.
Having said that, anything to streamline contributions assuming some sort of filtering/approval mechanism (for technical quality if nothing else) is a very cool rumor.