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BMI was invented to license artists to radio stations when ASCAP's fees were too high. ASCAP refused to lower their prices at first, they'd assume that nobody w
by Prrometheus 18y ago
BMI was invented to license artists to radio stations when ASCAP's fees were too high. ASCAP refused to lower their prices at first, they'd assume that nobody would want to listen to the unproven artists that BMI was signing. Fortunately for BMI and the world, people liked the upstarts just fine.
The time is ripe for another market entrant to modernize music distribution.
- tptacek 18y agoThis seems to me like a far better solution than attempting to legislate that businesses ignore the market. Of course, it implies that we should blame the artists, not the labels; I'm already on that page, but many aren't. Musicians go to the major labels because the major labels own the distribution channel and the prestige that goes with it. But ten years from now, that channel is going to be meaningless. What's the business that fixes the RIAA problem?