The number of albums released annually now is an order of magnitude greater than it was 10+ years ago. The number of publishers/recording studios is also significantly higher. Ignoring all other factors (movies, video games, strip clubs, etc..), this inherently creates competition. In a free market, competition lowers price. Yet here's an entire industry that has violently defended, nay colluded, to keep their pricing firm.
If they are losing money by signing too many bands that flop, then they need to decrease their costs so that unproven bands are less of a risk instead of spreading out the costs amongst all their artists.
It's like Wal Mart charging $100 for every item in the store, because the rotten fruits/veggies won't sell. The difference is that Wal Mart spends their capital on efficiencies to lower consumers' costs, whereas the RIAA spends their capital on litigation and regulation in order to decrease consumer satisfaction.
My vote for a new name would be....
Freedom Without Absurd Poltics (FWAP)
In my opinion, the pirate party will prevail as generations progress. The current models exists simply because you have people in power who barely understand how to operate a 25 year old VCR. How do you expect them to have an actual grasp of net neutrality and DRM?
You can't stand on the shoulders of giants when the giants are throwing lawsuits at you. Thank you politicians for slowing down the progress of mankind; and diminishing life, liberty, and the pursuit of happiness.
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The number of albums released annually now is an order of magnitude greater than it was 10+ years ago. The number of publishers/recording studios is also significantly higher. Ignoring all other factors (movies, video games, strip clubs, etc..), this inherently creates competition. In a free market, competition lowers price. Yet here's an entire industry that has violently defended, nay colluded, to keep their pricing firm.
If they are losing money by signing too many bands that flop, then they need to decrease their costs so that unproven bands are less of a risk instead of spreading out the costs amongst all their artists.
It's like Wal Mart charging $100 for every item in the store, because the rotten fruits/veggies won't sell. The difference is that Wal Mart spends their capital on efficiencies to lower consumers' costs, whereas the RIAA spends their capital on litigation and regulation in order to decrease consumer satisfaction.
NYT, we'd like to introduce you to AOL.
My vote for a new name would be....
Freedom Without Absurd Poltics (FWAP)
In my opinion, the pirate party will prevail as generations progress. The current models exists simply because you have people in power who barely understand how to operate a 25 year old VCR. How do you expect them to have an actual grasp of net neutrality and DRM?
You can't stand on the shoulders of giants when the giants are throwing lawsuits at you. Thank you politicians for slowing down the progress of mankind; and diminishing life, liberty, and the pursuit of happiness.