I started this “invite only” reunion community called music1pointO for those of us who worked in the record business during the 80-90’s and I must say it has been great to reconnect with some legends of game. There would be no hip hop as we know it if not for most of the folks in this community. Came across a great post by David Paul from www.bombhiphop.com who is a SF legendary publisher of The Bomb Magazine.
THE TRUTH ABOUT THE MUSIC INDUSTRY
The truth is that big business controls the types of music and artists that get exposure and become popular. The record industry is a $14 billion dollar business. The major record labels dominate 85% of the market when it comes to sales of Compact Discs. Leaving only 15% for the hundreds of independent record labels and thousands of artists out there. And when indies get too big or an artist starts making noise these major companies usually pick up the artist or label. This way they control the artist/label, get a percentage of the sales and keep competition to a minimum.
The Big Payoff (radio payola) : Ever wonder why you hear the same songs on the radio all the time? It’s because major record companies are paying radio stations thousands of dollars to play …
Posted on Mar 08.08 to Uncategorized Comments
