Rick Beato: why record labels are finished (and so are book publishers)

Still snowed undern at work. Leaving you with this:

Remember “…like a fish needs a bike”? And neither the music nor the book industry seem to ‘get’ it – or are trying to offer any form of added value that would make them compelling in the new era.

The current model seems to be: go all-out for your handful of ‘tent pole artists/authors’, and leave everybody else to their own devices while doing Hollywood accounting. If you’re going to have to do everything yourself anyhow — why not just work for yourself and keep as much of the money as you can?

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