And wow again.
I just read Courtney Love’s speech to the Digital Hollywood online entertainment conference. It talks about the way record companies work, and how the new digital economy holds the awesome potential for changing things.
Here’s her evidence: take a band that nobody’s ever heard of, that suddenly rockets to the top. It gets a huge 20% royalty plus a
Because, as Love explains, the record companies are the sole means of delivering music, and so they control artists. They can afford to squeeze money out of artists, because where else are the artists going to go? Nowhere, until the internet appeared, and that’s why the net and Napster frightens them so much.
Love goes on to say that all she wants is an intermediary that will get CDs published, and
So, what if a company started small, only publishing mp3’s using Stephen King’s recent system (e.g., a
Would they find fans?
I bet they would. Remember that we’re not talking a mammoth, expensive infrastructure here; an