Big 4 record labels ‘ripe for government bailout’

[VictorianPimp]

These record companies, much like the banks were and still are greedy fucking bastards. Hence I am not supprised they are facing the same hardships.

For example, when napster came out (as a reaction to obscenely expensive records) all those years ago they chose to shoot it down to retain a monopoly rather than to modify it in order to actually be productive for them. This pretty much severed all sort of trust and sense of a bond with the consumer.

Again, they are slow to adapt to the changing times. No longer is a big record label or a label at all necessary for success- Take Enter Shikari as a prime example. The big record labels STILL take the beaten track when peddling their (mostly) mediocre artists and as a result lose fucking money.

My band plan to stick to a small label in the future and pretty much do it ourselves to get a maximum return on the profits, as well as having a high level of artistic control.