I don’t have the time to go look at financial statements of music labels vs publishers, but my guess is that the written word is much cheaper to produce. After

I don’t have the time to go look at financial statements of music labels vs publishers, but my guess is that the written word is much cheaper to produce. After all, the talent is much cheaper. Are there magazine or newspaper writers making more than $250k/year? Probably not. But there are tons of musical acts with multi-million dollar deals. Also, while there are songs and albums that make money for a long time, the labels need fresh content in the same way that publishers need fresh content. But, look, I’m not saying this is a home run. All I’m saying is that it’s not clear to me that this is doomed to failure. Might work, might not. We shall see.