Ugh, these horrible record company execs. My heart goes out to all of these poor recording artists who have to deal with them.
Yeah, except they don't. The actual artists make very little off album sales. The label (including this guy who was interviewed) are the ones who make all of the money.
Maybe they should just stop being greedy scumbags.
Actually labels typically cover the costs associated to making an album (recording, marketing, distributing, music videos, touring, etc.,) and hope that they make their money back after the fact. Typically they don't, but the success of the relatively few "blockbuster" acts brings in enough cash to have the label turn a profit.The music companies are nothing but lazy middlemen who make lots of money sitting back and watching artists pour their soul into their work.
Totally. American corporations are required by law to maximise their profits, no?
Totally. American corporations are required by law to maximise their profits, no?
I totally agree with you about the dumb-greedy... I just can't believe there are people about that don't get that EVERYONE is in it for the money! That includes Apple.
What a moran. I can't wait till they get what is coming.
By "the people who create great music" he means himself and his cronies. To them, Apple just demonstrated that digital distribution is possible and the reward for demonstrating it is to do whatever they can to kill them off. How would you like to sit in the same room with these tools?
as a retired journalist, i might read articles differently than many folks. at any rate, an observation or two about this news piece:
First, the Wired article is an excellent summary of the circumstances, and the story was excerpted well here.
Second, many of the most provocative quotes are quoting Wired author Seth Mnookin, NOT Morris. Mnookin may have characterized Morris' opinions accurately, but we're hearing Mnookin's take on it, not Morris' "from my mouth to your ears." The comments about wringing every dollar, and other stinging quotes, aren't Morris' words.
I'm just sayin'...
The internet makes distribution of music stupidly simple. So bands just need to figure out that marketing thing for themselves and the labels can fade into history.
Anybody feeling entrepreneurial? A little marketing business designed to support artists and leave the rest to them might do well these days.
Digital production was the beginning of the shift, digital distribution is its crest. It is time for the industry to realize they are now just contract companies for promotion. Their share of the profits should drop in accordance. We can all rejoice in the fact that they can no longer shove Brittany Spears and Hanna Montana down our throats. The free market will finally rule.
The other issue that should be frightening the industry silly is that they are rapidly becoming irrelevant. More and more musicians are bypassing the industry entirely and going directly to their fans. The music distribution model is changing fundamentally, and they can't really do a thing to stop it. The industry should be asking themselves what audience and purpose they will serve in ten years or so, when an entire generation of musicians and music buyers are used to not needing them at all.
And really, it seems to be sort of obvious. Like many things, recorded music used to take a lot of money and investment to produce--you needed a studio to record it, and experts with fancy hardware to mix it, and big factories to produce expensive records. And then, even if you had a stack of records, you had absolutely no way of actually getting them to anybody--you needed a huge distribution channel.
Hence, the music industry (that's such a sickening term, if you really think about it) positioned itself in there--they acquired the resources, fronted the money to allow the artists to produce a recording, and then used their distribution network to put the recording into the hands of paying customers.
*SNIP*
The system changed. First it got to the point that almost any garage band could make a functional tape, albeit not a polished one. And now, ANYBODY can now afford enough basic hardware to produce an acceptable recording, and ANYBODY can buy the software to mix and produce, and ANYBODY can make a professional-quality CD--the only real limiting factor is skill.
The only thing that the industry had left was the distribution channels. Then came the internet, and the potential for ANYBODY to distribute their music to absolutely anywhere in the world for a price that they consider fair, and almost completely removing the middle man from the profit equation.
*SNIP*
So essentially the industry labels have obsoleted themselves through greed. Pretty much they had their chance to be flexible and adapt to a changing world, and they didn't. So every single tear they shed over profit opportunities lost to their shortsightedness is as sweet as honey, so far as I'm concerned.
I just can't believe there are people about that don't get that EVERYONE is in it for the money! That includes Apple.
Misspelling moron is about as bad as it gets.
I am shocked how many people don't get the dog surgery question. It's not what you do but how you do it. The obvious answer is to get a professional to do the surgery but how do you get the professional? By what means do you measure his skill? How do you know the surgeon knows what he's talking about? And how much is the surgery worth? By that I mean compensation to the doctor.
Morris even says, "I wouldn't be able to recognize a good technology person anyone with a good ******** story would have gotten past me." This was then qualified as willful cluelessness by the writer. Do I completely believe Morris? No, but I don't think it's willful cluelessness. I think people are forgetting what it was like when Napster came around. What does one do when the revolution is happening under one's own feet?
I don't know about "by law," but the stockholders certainly demand it.
The point is, those of you who are thinking up bad names to call Morris are missing the point. It's not about guys like him being greedy so-and-sos. He could be just as greedy as ever, but if he was selling you a product you wanted at a price you were willing to pay, you'd all be saying "thank you very much," and not thinking about greed at all.
The big point to be made here is that that guys like UMG's Morris are in the buggy whip industry, they just don't know it yet. It's a little sad, but I'm not planning on shedding any tears over them.
Its really annoying with everyone trying to line up against Apple, especially after all the money they have made for the industry.
I'm actually interested to see what Apple may do when pushed to the point of threatening.
The paradigm shift in the movie and recording industry will happen (as it usually does) when the execs of his generation retire/die out and are replaced by the execs of the internet and digital age. Until then, we must be vigilant against these people trying to secure their power and ideology through legislation that will have an adverse effect on our culture.