This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Silence From Music Industry on an Issue Bigger Than Royalties

Stocks in this article: PAAPL

NEW YORK ( TheStreet) -- Earlier this week on Twitter I got into an exchange with a guy who works in a relatively high-level position with The Grammys.

I'm not going to publish the Tweets for several reasons.

One, he asked me not to. He was speaking as a private individual, not on behalf of his employer, and did not want that fact to get lost in the spectacle. I respect and understand his position so I decided to abide by his request. Secondly, it's not this particular executive I have an issue with; his Tweets merely illustrate a bigger -- and very troubling -- picture.

Last week, in Pandora Isn't The Enemy, The Music Industry Is (Part 2), I chronicled the struggles of musicians attempting to navigate the unjust local music/bar/club scene of Los Angeles and places like it. Please read that article if you haven't already. It sets the table for all that follows. I intend to not only expose the injustice, but, one way or another, get the music industry to address and do something about it.

So, on Twitter, I asked this particular music industry executive to provide an opinion on the structure of local music scenes across the country, particularly Hollywood, California. Despite repeated requests -- I even begged him -- he would not address the issue. Small artists work in what amount to sweatshop conditions and nobody -- not one soul from the music industrial complex -- is willing to offer a thought on the issue. Do they not consider this important? Not worthy of a response?


Musicians and indie labels certainly do. Quite a few started following me on Twitter after that article. Several, as well as a handful of very respectable journalists, reached out asking me to keep the story alive. But, again, either silence or out and out dodging from music execs.

Music industry types ripped me on their blogs. But they didn't address the issue I asked them to. In fact, they blatantly ignored it. They just restated their opinions and distortions -- for the umpteenth time -- on royalties.

The Grammys guy told me I was trying to tie the Pandora (P) royalty issue to the local music scene injustice (though he never even admitted that an unjust situation exists). I told him I was treating the two issues both ways -- as related and as independent of one another. Because that's exactly what I have done.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs