“The Recording Industry Association of America (RIAA) is a trust that represents the recording industry distributors in the United States. Its members consist of record labels and distributors, which the RIAA say “create, manufacture and/or distribute approximately 85% of all legitimate sound recordings produced and sold in the United States”.” – Wikipedia.org
I’m sure this is not the first time the RIAA has done this, but now that the company is under constant scrutiny by the net press we see a clear view of who these people really represent. Apparently the going rate for today’s artist is 13% and the RIAA is arguing in negotiations currently happening it should be lowered to 9%.
What the hell is going on here? 9%? For the person who created the music and lyrics? When we are talking about music sales aren’t we talking about the selling the music and lyrics?
Yes, the RIAA doesn’t think the record companies are making enough and that musicians are clearly making too much. I mean, they get 13% now. Like they deserve 13% for writing and creating the music that people are paying for. Hogwash! Someone had to, you know, encode it. That’s worth at least 40%. And hey, these shoes don’t shine themselves! So they’re pushing to get that rate cut down to a shameful 9%, giving artists even less of a slice of the pie than before. – gizmodo.com
If your a musician you need to stay independent. There really is little reason to get into bed with any major label. If your music is great and you promote yourself online aggressively, fans will find you and over the long tail you will make your money. You don’t even have to give Apple or Amazon a cut if you don’t want. Install your own online store like the Easybe.com or WP e-Commerce store.
photo credit: sandrino