The problem, Lowery says, is that the Web turned out not to disintermediate the world as advertised. That is, it was supposed to rip out all the unneeded steps between musician and customer.
"It actually did the exact opposite. It 're-intermediated' the business," he said. "Musicians now face an entire new generation of middlemen, who all take monstrous cuts." He points out that Facebook (FB) now charges him to communicate with his fans on his own fan pages.
"They are putting themselves back between my band and my fans," he said. "And they are doing it all at price levels where there is no money left in the larger system to work."
The Maoist music business
Lowery can describe in detail exactly how his business mismanages the value of its products.
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