I doubt this will affect the smaller independents.
The music industry is so filthy. The labels and agents are just pimps. Been there, done that.
I've said it before and I'll say it again: why is the music business controlled and staffed by individuals who nothing about either music or business?
Part of the filthiness is due to the stupidity of the musicians, however. A roofer would laugh at the terms of the typical contract that a musician will willingly sign.
Pretty much every contract requires the artist to pay for all of the overhead out of their own pocket with the music company putting nothing at risk.
And the geniuses who run this system of contracts still lose money.
**The music industry is so filthy. The labels and agents are just pimps. Been there, done that.**
Label owes me $$$$$ from the 70’s. will end up costing me double that in legal fees to fight.
I’m seeing bands doing the whole shot themselves. Advertising on NET selling thru Itunes, etc.
Warner can go bankrupt and THEN ROT IN HELL!!