Poll reveals fans' downloading and copying habits
Tue 17 Jun, 2008
ED2005: Bands do not wait a long time for royalties to get through to them. Accounting periods are ALWAYS either quarterly or half yearly and in that time they have an advance to live off, to be paid off with future royalties - which brings around another point, if no one is buying the records, the advances don't get paid off and the labels can't afford to keep the bands on, regardless of the narcotic habits of their other label mates. Furthermore, regarding the impatience of record companies, previously (such as when Boy came out) recorded music had some value, which through the plague of downloading has now been diminished beyond belief. Labels could afford time to work with and develop acts and the money earned from already established acts allowed this process to continue. Now, the market is much different, the short careers of many acts is directly in line with the fact that no one buys their music anymore, they simply download it royalty free and sales don't accrue to justify working with the acts further. From a business perspective, which whether you like it or not all music has to be viewed from, there is no logic in keeping a project going that the books show is in a negative balance. And how to recoup this? Logically drive the price of CDs up, but herein lies another problem, labels can't do this to fill the void because the records simply don't sell - CDs are cheaper now then ever before. Look at the major supermarkets for example, who now sell at a loss to drive up sales of other products.This argument will never end whilst ever music is available for free outside of the established retail chains...the more you download, the less the lifespan of acts, the less revenue, the sooner this industry we all love so much will eventually die. Record companies aren't wholly to blame...
Wed 18 Jun, 2008
The endless criticisms of record companies is incredibly naieve. For those of you who don't or haven't worked in the industry, the division of money from the sale of a CD is not the rip off you all blindly think it is.Look at it another way - without these terrible record companies, you wouldn't have heard the bulk of the music you all so revere now...bands rarely make it on their own...
Tue 17 Jun, 2008
JoeBananas news Comments (3)
'Nearly 100 per cent of music fans copy music illegally'
Poll reveals fans' downloading and copying habits
Tue 17 Jun, 2008
Comments (2)