1st
Wrong. I respect Steve Job's for what he does and hopefully he's learned a lot about the real working music industry since he was quoted in the statement above in 2003.
You can't just knock a system out of place until you understand the reasons why it's there in the first place and find a remedy to fill the void. The reason artist's get large advances is so they can spend money on creating demand. Promotion, touring, Radio, Press etc. Music industry services on a national scale done properly come with a price. Not just talking about the people on the receiving end here either. Don't think the greedy radio station walks away with all the money here folks. Every successful artist has a competent team of people who need to eat. Competence comes with a price.
Promotion is done and demand is created before the sale not after, and it costs money.
2nd
Many here are addressing the outcome of the story. If it's true than this or that. If it's not true etc. It hasn't happened yet and it might not. Stop and think about what parties are gaining from the story itself. And of course it's wise, smart people don't come to the negotiating table when it comes time to renew a contract empty handed.
3rd
I won't say anything regarding the complications or conflicts that would arise if this rumor was true other than there are literally hundreds of complications and hundreds of different conflicts of interest. Listing all of them and evaluating them would require a 500+ page book.
Theoretically it could happen however, all it would do is shift control from 4 major companies to 100 or so individuals, or a very few new majors (apple being one of them). I'm not going write a novel here but I will say that if you understood what I see, I work in this industry for a living, you might not be so pleased with the aftermath.
...Rolling Stone magazine in the 12/8/03 issue. The following is from the very end of the interview:..........
SJ: The remedy is to stop paying advances. .......
Wrong. I respect Steve Job's for what he does and hopefully he's learned a lot about the real working music industry since he was quoted in the statement above in 2003.
You can't just knock a system out of place until you understand the reasons why it's there in the first place and find a remedy to fill the void. The reason artist's get large advances is so they can spend money on creating demand. Promotion, touring, Radio, Press etc. Music industry services on a national scale done properly come with a price. Not just talking about the people on the receiving end here either. Don't think the greedy radio station walks away with all the money here folks. Every successful artist has a competent team of people who need to eat. Competence comes with a price.
Promotion is done and demand is created before the sale not after, and it costs money.
2nd
Many here are addressing the outcome of the story. If it's true than this or that. If it's not true etc. It hasn't happened yet and it might not. Stop and think about what parties are gaining from the story itself. And of course it's wise, smart people don't come to the negotiating table when it comes time to renew a contract empty handed.
3rd
I won't say anything regarding the complications or conflicts that would arise if this rumor was true other than there are literally hundreds of complications and hundreds of different conflicts of interest. Listing all of them and evaluating them would require a 500+ page book.
Theoretically it could happen however, all it would do is shift control from 4 major companies to 100 or so individuals, or a very few new majors (apple being one of them). I'm not going write a novel here but I will say that if you understood what I see, I work in this industry for a living, you might not be so pleased with the aftermath.