In the day and age of streaming sercices like Spotify, record labels/companies like Sony Music etc should not exist IMO.
Back when people purchased their music from brick and mortar stores on vinyls, cassettes, and CDs, they had a place to facilitate a relationship with distributors etc to get your music on the shelves, handle marketing and a bunch of other stuff. Nowadays, this all can be done digitally, independently.
If I can personally promote a subreddit to 8.5 million subscribers with no talent of my own, anyone who can make decent music can handle their own shit.
What does a record company even do? Why do they have rights?
In the day and age of streaming sercices like Spotify, record labels/companies like Sony Music etc should not exist IMO.
Back when people purchased their music from brick and mortar stores on vinyls, cassettes, and CDs, they had a place to facilitate a relationship with distributors etc to get your music on the shelves, handle marketing and a bunch of other stuff. Nowadays, this all can be done digitally, independently.
Edit: clarify record label
Basically they fund artists to record and then handle things like promotion.
If I can personally promote a subreddit to 8.5 million subscribers with no talent of my own, anyone who can make decent music can handle their own shit.
Yes, promoting a subreddit and promoting yourself as an artist are the same thing.
I didn’t even have to sing.
Yo. I can be a record label. Come hang out in my apartment while I pay the bills and BAM! I get all the royalties!
Sounds like stealing with extra steps. Actually it sounds like just being rewarded for having money to begin with.
That’s most of the economy.