Labels, not Spotify, are screwing over artists and breaking the music industry. Here’s how to fix it.
Originally posted on PandoDaily:
That’s what ex-Smashing Pumpkins drummer Jimmy Chamberlin told me when discussing what’s really wrong with the modern music economy.
In the 1960s, Motown Records had a reputation for depriving artists of well-earned royalties, most egregiously in the case of Barrett Strong whose name was removed as a songwriter of the 1960 hit “Money (That’s What I Want)” because of a so-called “clerical error.” Chamberlin’s point was, despite the groundswell of criticism from artists against Pandora and Spotify, it’s labels, not technology platforms, that are most responsible for low royalty checks. The reason artists feel the pain so acutely in today’s digital era is that there are more performers than ever before with access to wide distribution platforms like YouTube and far less money to go around: Music industry revenue has been cut in half since 2000.
Referring to the heyday of the overpriced CD in the 90s, Chamberlin said, “I just think…
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