Reply to post: You can all join in!

Bono: Apple will sort out monetising music where the labels failed

Daedalus

You can all join in!

Remember that sampler album from Island Records? The one whose cover photo showed all the musicians featured on it? Well, that's about how many stand to benefit from the latest wave of "new tech" music. What the recording industry achieved in the second half of the 20th cent. was to create a way for a few people to get very rich indeed (along with various executives and media functionaries, with or without Hawaiian shirts) while leaving the rest to fight over the scraps and aspire to a place feeding from the trough. Bono's messianic pronouncements are the tail end of the dying of that business model. For 99.999% of active musicians, nothing will change.

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