As stated above, this person makes a valid point: The internet COULD be a way for artists to make a larger share of the money from the sales of their records.
There's one major problem though, if I record an album, make a website that says "Buy my album, now" and wait. I will most likely sell one copy to my mom and one to my grandma, yeah I made more off of each album, but I only sold two copies and made a total of $10.
If I get this album picked up by a label and promoted, I get between 1-2 cents per copy plus 8 cents per copy for writing the songs minus some deductions. Now that my album is being actively promoted, I sell about 100,000 copies at 10 cents per copy and make $10,000.
My point is, despite that fact that the internet exists and artists can widely distribute their music on their own that doesn't mean a single consumer is ever going to see it. Musicians still require promotion, no matter how you look at it.
Consumers don't browse the web looking to buy albums off of random websites, they look in places their comfortable with: iTunes Music Store, Amazon, etc... In order for a musician to get noticed in any way, he will need some kind of promotional backing.
Some might say that this promotion could be done by the artist himself, but I doubt anyone has the time and energy to do all of this on their own, so once again, record companies are needed.
I think I'm finished, sorry for the long post.
There's one major problem though, if I record an album, make a website that says "Buy my album, now" and wait. I will most likely sell one copy to my mom and one to my grandma, yeah I made more off of each album, but I only sold two copies and made a total of $10.
If I get this album picked up by a label and promoted, I get between 1-2 cents per copy plus 8 cents per copy for writing the songs minus some deductions. Now that my album is being actively promoted, I sell about 100,000 copies at 10 cents per copy and make $10,000.
My point is, despite that fact that the internet exists and artists can widely distribute their music on their own that doesn't mean a single consumer is ever going to see it. Musicians still require promotion, no matter how you look at it.
Consumers don't browse the web looking to buy albums off of random websites, they look in places their comfortable with: iTunes Music Store, Amazon, etc... In order for a musician to get noticed in any way, he will need some kind of promotional backing.
Some might say that this promotion could be done by the artist himself, but I doubt anyone has the time and energy to do all of this on their own, so once again, record companies are needed.
I think I'm finished, sorry for the long post.