Record Labels: The Money Monster Of The Music Industry | The Odyssey Online
Start writing a post
Entertainment

Record Labels: The Money Monster Of The Music Industry

Recent Kesha scandal sheds light on big record labels’ long-standing abuse of power.

603
Record Labels: The Money Monster Of The Music Industry
CDBaby.com

The past few months have been an eye-opening and disturbing experience for Kesha fans and music lovers across the country. Even if you aren’t a fan of Kesha, you can hopefully empathize with her horrible situation, being forced to stay under contract with Sony, after years of allegedly being sexually and emotionally abused by her producer “Dr. Luke” Gottvald. Kesha was not only abused by her producer, but she also claims her and Gottvald often, “...clashed over the musical direction of her career, with the producer holding the singer’s favorite songs off her albums.” All of this happened under the not-so-watchful eye of Sony, a record label giant that collected a reported $67.84 billion in revenue in 2015. Yet, Sony is so caught up in making money that they would rather Kesha fizzle away as an artist than record with another label.

Unsurprisingly, this is not the first story of a record label choosing money over humanity. There have been a slew of notable lawsuits throughout the years that have unveiled what seems like a never-ending war between art and commerce. In 2009, one of the “Big Four” labels, EMI, sued alternative rock band, 30 Seconds To Mars, for a hefty $30 million for not recording a third album in their five-album contract. Lead singer of the band Jared Leto maintained that, “There was a point after we had sold millions of records around the world, where not only were we never paid a single penny, but we learned that we were millions of dollars in debt.” After a long and emotional trial, the band settled for a renegotiated contract with EMI and continues to record under their control.

Similarly, Sony’s equity in Spotify has been challenged, claiming artists are cheated their rightful shares in the company. It is well known that streaming services like Spotify have made it measurably harder for artists to make money on their music. However, powerhouse record labels like Sony (which has a reported 5 percent stake in Spotify) make millions from ad shares that could be subdivided and shared with the artists, but are instead hoarded and distributed to executives that have no hand in creating the art that is the lifeblood of the service.

At the end of the day, the artists that are the sole reason for existence for record labels like Sony and EMI are routinely being mistreated, cheated out of what is theirs, and locked into deals that have one priority- making money. The result is a parasitic relationship that sucks the talent, time, and emotion from artists that initially put their trust in a label to foster their talent and distribute their music.

However, big-label-oppression has led a few pioneers of the music industry to start their own labels and gain back control over their music. Established artists like Jack White, Kid Cudi, Cake, and The Rolling Stones have founded their own record companies in order to maintain total artistic and financial freedom. Hopefully, the movement towards artist-owned and independent labels will become the norm, and the record business will return to being what it was originally about -- the music.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Lifestyle

11 Confessions Of A Sleep-A-Holic

If your plans get cancelled, there is a 99.9% percent chance you are sleeping.

777
woman lying on bed
Photo by Kinga Howard on Unsplash

1. What are some of your hobbies? Does sleep count?

I'm so good at sleeping I can do it with my eyes closed

Keep Reading...Show less
one tree hill
Wikipedia Commons

If you need a new series to watch, I recommend One Tree Hill. I watched this series three times now and it only keeps getting better. If you need any more reasons beside the fact that all of the seasons are on Netflix for your binge-watching pleasure, here are seven more reasons to watch it.

Keep Reading...Show less
University of Mount Olive
University of Mount Olive

College is the most exciting time of a person's life. It really is. Exciting is not always a positive feeling though. Excited is a feeling that can be associated with nervousness, anxiety and more. Here are some real tips for college freshman that go beyond the typical, "Go to class," lecture.

Keep Reading...Show less
Relationships

The 5 Pros and Cons Of Long Distance Friendships

Being friends with someone thousands of miles away has its drawbacks and perks.

1509
friends on the beach

True friendship is incredibly rare, and to find a friend that will be there for you through all of life's curveballs is something quite unique. To add distance into the equation, maintaining a real, true friendship can be a struggle. There are good and bad parts that come with long distance friendship.

Keep Reading...Show less
high school girls
Tori Horne

Friendship. It's defined as the state of being attached to another person by feelings of affection or personal regard, but what really is friendship? Is it that occasional hallway talk with that one person who always manages to cheer you up? Is it that relationship you have with someone where they can be gone for a long period of time, but when they come back, it's like they never left? Is it spending every waking hour with someone, and knowing every detail about their life? Is it the relationship that's filled with fighting, but filled with even more resolution? I've learned that it's all of these things, and every friendship is different. It's a beautifully dysfunctional mess that should always be cherished and never be taken for granted.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments