The (free registration required) that the record labels have managed to find new revenue streams and ways to profitability in the wake of declining CD sales. Certainly, ringtones and digital downloads are helping the bottom line but, this quote struck me as important.
"Lately, the major labels have in effect tried to move into the talent management business by demanding that new artists seeking record contracts give their label a cut of concert earnings or T-shirt and merchandise revenue - areas that had once been outside the labels' bailiwick." (emphasis added)
, and now demanding that new artists give up a cut of touring revenue?
Somewhere, deep within the bowels of hell Beelzebub is surely asking himself, "Why didn't I think of that?!"
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