Quote:
Originally Posted by rico
What are your thoughts on that, Dane? I'd give my own if I weren't drawing such mental blanks lately, so my thinking may need to be sparked on this one.
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Piracy? It's destroyed the music business. No one sells albums and very, very very few actually earn enough to eek out a living, unless you're a Disney kid or a TV show talent winner (and that's short lived).
Labels aren't signing and developing talent over the age of 21. Labels are earning money on catalog re-releases. It's a gigantic mess and unfortunately, it isn't going away.
A good record costs a lot of money to create. There are studio costs, gear rentals, producer and engineer fees, maintenance, tech's, etc. and so on. Even these days, a "real" record still costs $250-300k to produce, if you're using Top-Line talent. That's a lot of album sales these days at $9.99 in order for the Artist and label to recoup, and that's before any profit.
Illegal downloading will only diminish NIN-type releases because no one wants to work for free.