As a Record Label owner I take exception to this, Record Labels especially Independent Labels only succeed if they support the Artists.
As an A&R rep for over 20yrs working for Sony and Universal this is indeed true of the FAT CAT labels but not true with the Indie labels. If the Artist wishes to succeed in the Modern age of Music they need to be aligned with experienced Music Industry Professionals who can guide them thru the Modern Industry as the Big Labels really do not exist anymore but unfortunately have now been replaced with the shonky operators who rip off Artists with the underhanded ways! Let’s make it about the Music once again and not Profit.
If we make it about the Music and re-ignite the passion the money will come and the Industry will lose the stigma is has currently developed and people will once again enjoy Music to the point they will respect the Artists enough to part with a measly $20 bucks to buy their Album.
The industry and the model still necessitate record labels. Who is going to advertise for a band if they’re independently releasing their music through tunecore? Lady Gaga wouldn’t exist, that’s for damn sure. There are hundreds of great bands that we’d never hear without publicists hired by record labels. Economics: always more complicated than a pie chart.
I get the overall point, but the numbers here don’t make sense to me. If “the artists” in the iTunes/Amazon model is the same as “the band” in the conventional model, wouldn’t a lot of those same splits — other band members, producer, lawyer, etc. — also come into effect? Not arguing pro-record label here at all, this just seems strangely inaccurate.