Watch this space because Obama signed the JOBS Act into law earlier this month, and it carries with it the heavily revised CROWDFUND Act (Bill S.2190). Unlike with Kickstarter the new rules found in the JOBS Act should allow for small, even micro investors to hold equity (stock) in the crowdfunded companies they support. A regulatory organization has already appeared calling itself the Crowdfund Intermediary Regulatory Association (CFIRA).
Even though they have an ownership stake in Spotify the Major Labels will never be satiated by Spotify's success. It's not Spotify's money they're after, it's the Spotify spotlight they crave to make up for their incompetence and complete inability to innovate.
I blame artists equally for this sh*t. Nothing is going to change until artists actually do something about it and empower themselves and their fans. Unfortunately the lure of a label, a publisher and the money they bring is hard to compete with when you're down'n out broke...
"...why do politicians and the press still continue to assume that the RIAA and major label view is what's best for the artists?"
Because the ArTiStS have sold out! They have empowered the RIAA and the major labels ad nauseum to speak for them. C'mon Mike, you're too smart for a comment like this. KiD CuDi's done a deal with the devil and the devil's now doing him wrong so he goes off and twhines about it and you feel sorry for his dumb ass? Pleeese...
ArTiStS signed to Majors need to wake the f*** up to their new found creative reality and stop moaning when their sugar daddy spurns their creative musings. KiD CuDi got signed as a hip-hop artist, not a rock artist. This is the label's way of letting him know next time you want to change your aural color you let us know!
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