Quote:
Originally posted by amanitas
...as long as major labels (or whomever is in charge of the big paycheck in the sky) continue to value celebrity over talent, they will continue to lose money, alienate fans, and generally proceed down the path towards financial ruin.
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The facts of life are that labels and promoters of all sizes can
only make money on celebrity. This has
always been the case. It has also been the case that the cost of creating international celebrity almost always exceeds the potential profits from recordings alone. This is why TV stars could always get deals.
Our problem is that most people can no longer afford to play in the minor leagues where one used to be able to earn enough celebrity from musical ability to attract investment. In many regions there simply are no more musical minor leagues where one can build a following.
The major labels can't fix this but
WE can!