“…almost all labels were owned by one of five companies: BMG, EMI, Sony Music Entertainment, Universal Music Group, and Warner Music Group. A new emphasis on quarterly results discouraged label executives from nurturing new bands and focusing on long-term development.”The article is mostly about Nettwerk, a record label that leaves copyright to the actual artists, while it handles distribution in multiple formats (CD, iPoD, ringtones, P2P networks, YouTube, etc., along with promotion of concerts and radio play).No Suit Required. Terry McBride has a maverick approach to music management: Take care of the fans and the bands, and the business will take care of itself. by Jeff Howe, Wired, Sept 2006, p. 180
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