[weegee]

Rock and roll PING.

[Alex Murphy]

"Every new artist we sign, we sign now with rights in all their revenue streams: ticketing, touring, merchandising, sponsorship," Bronfman said. “We're only signing artists that way and we now have over a third of our current roster signed to 360 rights.”

Creation Records founder Alan McGee [said] "The record industry's demand for bands to sign over a portion of their merchandise and tour revenues as part of a recording contract is an admission that selling music is not a sustainable business model.

McGee is right. Warner Music has just signed their own epitaph.