Who's Gonna Get the Money?

This Robert is perplexed. 

I like artists getting paid. I just wonder after seeing the Performance Rights Act pass in the House Judiciary Committee, how fair is this new law shaping up to be? 

An outfit called SoundExchange was created in 2000 as an unincorporated division of the RIAA. In September 2003, SoundExchange was spun off as an independent and non-profit organization.  

This Robert wonders if the money from taxing radio for the artist's performance is going to get to the recording artist. This Robert doesn't see any artists on the 18 member board of Sound Exchange, only record companies, lawyers, and RIAA officials.  This Robert knows that money being paid to record companies doesn't necessarily mean the artist sees any of it.

Guy Slices Paul's McCartney's Pink Slip

This snowboarding thing has got me. I'm spending all my time getting goofy. I wonder if Guy Hands at EMI is getting goofy, or if he's got the right line down the music business' slippery slope?

Mr. Hands is a financier with no music business history. His fortune came from investing in pubs and waste management. The current music industry is littered with the corpses of good business men who didn't get the record business. Since the mass manufacture of the 45 rpm records, successful record companies bribed disc jockeys and cheated recording artists. Guy, exactly how are you going to correct that?

Mr. Hands, did you hear Paul McCartney called your company boring? Damn, that's the pot calling the kettle black. Your company made Sir Paul a zillionaire and now's he's dissing you. Is he a spoiled artist or a realist?

Bankers Can't Sing

I gotta speak up when it's business music, not the music business.

So... how come the banks own all the music these days?


Hey Guy Hands, if bankers are so smart, how come Facebook is valued higher than all the major labels combined?