Jim Shelley & Book Of Kills


I've loved My Bloody Valentine since I first heard SAY ANYTHING way back in 1988. I even got to see them back in the '90s (I think). Came across this really good ROLLING STONE article by way of Reddit yesterday. Worth reading if you like MBV!

Wanna know just how unfair the music business is to the people who make the music? Consider country music legend Merle Haggard, who just passed away this year after decades of spectacular success. Haggard had 37 Top Ten country and/or pop singles (including 23 #1 hits) but never received a record royalty check until he released an album on the indie punk-rock label Epitaph. 

Here's an excerpt from a September 2017 article about the lot of musicians from Bloomberg Magazine:

"Like at the dawn of streaming, musicians are still complaining that it's next to impossible to make money from it. The RIAA has calculated that a music creator only earns $1 from 58 hours of streaming video on YouTube -- the company most often blamed for the "value gap" that plagues artists. Other industry leaders are more generous, but that's not saying much. On average, an artist earns $100 for 152,094 streams of a song to Spotify subscribers. That's dismal; you have to be extremely-popular before you can earn enough for food.

"Only the oligopoly of record labels that control the intellectual property -- Universal Music Group, Sony Music Entertainment, Warner Music -- are reaping profits from the boom. Warner Music posted a record profit in the three months to June; no wonder it now controls one of the world's top streaming services, Deezer, which once planned to go public. At Sony, music is one of the strongest profit dirvers. UMG consistently provides most of the profit of its corporate parent, Vivendi.

"In its recent forecast for the music industry, Goldman Sachs predicts that record labels' share of the music industry's revenue will increase by 133 percent between 2015 and 2030, while the share that goes to musicians, venues and tour organizers will only grow by 60 percent. So the investment bank expects the labels to continue reaping a disproportionate share of the benefits.

"It's unfair. Streaming services don't just provide the content delivery mechanism the way, say, a CD factory does. They curate the content and, in effect, keep and manage our music collections for us. And artists don't just deserve a greater reward as the reason the industry exists: The relative lack of money for musicians makes for less good music. It's one reason back catalogs now outsell current releases."

Don't forget the people who make the soundtracks to your life. Please.