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Sure, Bowie was right that the industry overall would swiftly move to a situation where many people are getting music for free (or for next to free on streaming
by Mediterraneo10 6y ago
Sure, Bowie was right that the industry overall would swiftly move to a situation where many people are getting music for free (or for next to free on streaming) and artists tour to actually make money. Yet he himself was still able to spend nearly a decade from 2004–2012 not actively working, living entirely off his royalties that persisted thanks to those copyright laws, so things didn’t develop as suddenly and drastically as he suggested.
- verelo 6y agoAnd the bonds! That’s the amazing thing, he wanted the cash but knew it was at risk, so he made a financial instrument to extract that value before the market could price the risk. Brilliant!