These lefties promote Democraps for years, shouting us down when we warn they are really totalitarian statists, and then express shock to find out they are acting like totalitarian statists.
But, but, but...I thought it was about the music - not the money.
Lou has one point. The punks who steal the songs now....aren’t paying into the pot of money that the old rock guys used to make a fair amount of money for retirement purposes. So those wasted millions as a 21-year old....aren’t around today, and no real income from the CD sales or on-line sales.
Lou Reed in a moment of lucidity.................no worries though, I’m sure it’ll pass.
Sing it once; get paid once.
(are you holding your breath?)
By performing.
What a revolutionary idea.
The best (or least the most popular) of them will collect a few coins via iTunes and the like but the big money will come from the live audiences. Unfortunately many young singers and musicians still believe that you can write a few songs, cut a CD every couple of years and lead the good life.
I don't think so. Time to get off your rear ends and find some folks who will pay you to do your music live.
take a walk on the wild side, off a short peer, their Lou.
And the colored girls say
“Doo do doo do doo do do doo ...”
Went to see Peter Gabriel and orchestra a few years back. Lou was opening act. Absolutley horrible. noise is all I can say, he was sh##faced. So lets hear what lou has to say......not!
Maybe finally a bunch of liberals are waking up and realizing their “heroes” aren’t what they thought they were.
My goodness! Lou hasn’t aged well, has he?
I thought he was dead.
Oh, cry me a river, Lou. You weren’t complaining when RCA was funding your drug addictions with advances, when you showed up shitfaced for performances that working people shelled out their hard earned dollars for. You still get your composer royalties, minus the splits you agreed to make with the greedy publishers.
“He also discusses the financial challenges for musicians in an era of free downloads and streaming services”
There are financial challenges for artists who’s records are resold on the collectible market as well.
$250-800 a throw for garage punk bands from the 1960s (high school kids really).
And some of the soul singles can go for upwards of $10,000 topping out at $25,000 for an extremely rare Motown single (I think there were 2 copies).
All that money changing hands and the performers don’t see a dime. Neither do the publishers. They got their pennies when the record was originally sold.
Even if the used records and CDs and cassettes are only being sold for $3-8 the companies don’t see a dime of it.
Recorded music money pales in compare to the draw you can get from performing while you are in your prime.