Ha! Once again the suits of the music industry show their true colors. As this story in ars technica illustrates, the music industry is the epitome of corporate greed. The thing that really gets me is how little of the rivers of money which flow into these companies actually get to the artists.
However, this also illustrates how we are failing to use the Internet to its true potential. The 'Net provides a perfect medium to develop an alternative business model for both the artists and the consumers; a model which could result in lower per track costs to consumers while, simultaneously, putting more money in the pockets of the actual creators of the music. Of course, if the actual artists/creators were getting more money and consumers were actually paying less, this would mean that somebody (eh...make that plural) will have lost their place in the income line. Tsk! Could be be talking about a couple of levels of suits?
Now, as for this new business model, I do have one in mind, but, rather than expound (at length) here, I think I would rather leave it up to you to come up with possible alternatives. Feel free to post them as comments. Maybe we can get a little discussion going here. However, just to start things off, let me point out that the rationale for suit side of the music industry has always been 1) the cost of production and 2) the cost of promotion. Is there any way for the digital revolution and the Internet to cut these costs to a point where it no longer makes sense for artists to sign with the likes of Sony or BMI? I think there is. 'Nuff said...
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