Comment Re:It didn't fail music (Score 1) 83
What prevented any of those people from selling through competitors like iTunes, Amazon Music, Bandcamp, or any of the other numerous alternatives that sprang up since then? I think you're engaging in some historical revisionism as mp3.com wasn't sued until they started offering services to allow people to register a physical album and stream songs from it through their site. The problems with this and why the record labels were upset should be obvious.
It's rather dubious that any bands that weren't already making a good living from their music were finding that through mp3.com. I would need some concrete examples as even artists who are successful and sell a large number of albums make most of their money through touring. Even if record companies weren't taking the majority of that revenue, a band would need to sell at least 50,000 albums per year for the members to be able to live off of their music without needing an additional job. If they're charging less per album (as is common for independent acts), it's at least 100,000 per year. Most independent artists won't sell that many and even known artists with a huge fan base can struggle to sell more than a few hundred thousand albums.
What makes these (or most any) artists their money is touring and live concerts. Lesser known acts can open for a more established band/artist and get people to hear their music and even buy an album and merchandise is always a good moneymaker as a production costs of a $10 poster or a $20 shirt are low. Even artists who do sell millions of records will still make more money from touring. The revenue from a few years of large concerts can easily exceed that from a band's entire catalog of records sales.
Your screed against capitalism would be better directed at copyright law. Of course then you wouldn't have made this post in the first place. Presumably you can point to any number of successful examples of online music stores in socialist (outright or at least directionally adherent) countries where evil capitalism didn't cause these problems. Or perhaps you can't because they don't exist and as awful as record companies may be, property rights even for intangible goods like music, can make musicians wealthy even if it's not through record sales. The mere fact that copyright exists means that a musician that owns their music can get a sizable amount of money from a song being used in commercials or films. A lack of such rights just means that the most successful distribution model is the Pirate Bay. That's not necessarily bad for musicians as getting people to hear your music and pay for a live performance is financially beneficial, but we can argue over which makes the most money for them.
It's rather dubious that any bands that weren't already making a good living from their music were finding that through mp3.com. I would need some concrete examples as even artists who are successful and sell a large number of albums make most of their money through touring. Even if record companies weren't taking the majority of that revenue, a band would need to sell at least 50,000 albums per year for the members to be able to live off of their music without needing an additional job. If they're charging less per album (as is common for independent acts), it's at least 100,000 per year. Most independent artists won't sell that many and even known artists with a huge fan base can struggle to sell more than a few hundred thousand albums.
What makes these (or most any) artists their money is touring and live concerts. Lesser known acts can open for a more established band/artist and get people to hear their music and even buy an album and merchandise is always a good moneymaker as a production costs of a $10 poster or a $20 shirt are low. Even artists who do sell millions of records will still make more money from touring. The revenue from a few years of large concerts can easily exceed that from a band's entire catalog of records sales.
Your screed against capitalism would be better directed at copyright law. Of course then you wouldn't have made this post in the first place. Presumably you can point to any number of successful examples of online music stores in socialist (outright or at least directionally adherent) countries where evil capitalism didn't cause these problems. Or perhaps you can't because they don't exist and as awful as record companies may be, property rights even for intangible goods like music, can make musicians wealthy even if it's not through record sales. The mere fact that copyright exists means that a musician that owns their music can get a sizable amount of money from a song being used in commercials or films. A lack of such rights just means that the most successful distribution model is the Pirate Bay. That's not necessarily bad for musicians as getting people to hear your music and pay for a live performance is financially beneficial, but we can argue over which makes the most money for them.