Dear EMI: Pretending The Old World Still Exists Won't Get You Into The 21st Century

from the economic-efficiency-anyone? dept

As you may know, over in the UK, the music collection society PRS has been in rather contentious negotiations with various online services over streaming rates. Due to these fights, services like Pandora have shut down in the UK, and YouTube has pulled major label music videos. A couple months ago, PRS tried to compromise by announcing lower rates, which the press hailed as the record labels finally recognizing that their old monopoly rent royalty rates were no longer sustainable. Except... not everyone got the message. Even though these lower rates have been rejected as too high by the various online music streaming services, apparently EMI is arguing in the opposite direction, refusing to license its catalog at the lower rates.

It's difficult to see what EMI gets out of being stubborn here. It's clear that streaming services won't even accept these rates. All EMI is doing is pissing off artists on the label who can't figure out why their fans can't hear their music, making it harder for them, as musicians, to build up the necessary popularity to put in place any number of smart business models (you know, the models that EMI seems incapable of helping them implement).

Filed Under: royalty rates, streaming music, uk
Companies: emi, prs

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  1. identicon
    Anonymous Coward, 9 Jul 2009 @ 12:37am

    A new, and more vibrant music industry will rise from the ashes. A Phoenix of sorts.

    You may not appreciate Lessig's work "Remix" yet, but give it some time. Learn, read, and understand what this Harvard Law Professor is advocating.

    Learn what Charles Nesson is doing with the Joel Tenenbaum Case.

    And above all, support the artists and people like Terry McBride that dare to try something new.

    Keep this in mind: multiple battles are needed to win the war. We're running a marathon, and won't see it's effects immediately, but our own Children will reap the benefits while we go through proverbial legal tantrums of the "Old Music" while the "New Music" industry grows and learns itself into maturity.

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