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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Music Business Sucked Before Spotify

Stocks in this article: P

Because the record company, Rosie, just gave me a big advance

--Bruce Springsteen, "Rosalita"

NEW YORK ( TheStreet) -- Several readers, including the Future of Music Coalition, took exception to Thursday's column, Lazy Musicians Wasting Time Complaining About Royalties:

As much as I like and emotionally align with these guys and others like them, they require perspective. Some tough love. Thankfully, I'm not the only one around to provide it. Tim Worstall comes through at Forbes with another excellent article, There's An Awful Lot Of Nonsense Being Talked About Spotify Royalties:

Yet another piece in The Guardian about how appalling it is that Spotify doesn't make no name bands with three songs and two fans to their name rich enough for the cocaine and Lear jet circle. The thing that seems to be being missed is who gets to decide whether your music, or your productive efforts in any walk of life, earns you any money.

That's not an anti-artist statement; it's pro-reality.

And it strikes to the point I attempted to make with Thursday's 'Lazy Musicians' article. While I can't come down quite as harsh, politically conservative or wildly free market as Worstall, his overall argument makes sense. I just wish he would take it to an ultimately more constructive place.

Let's lay out some reality, address what we hear from many small and/or independent artists and review a way forward.

1 of 3

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!

Markets

DOW 17,888.02 +83.22 0.47%
S&P 500 2,070.53 -0.12 -0.01%
NASDAQ 4,766.3340 +0.9540 0.02%

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