Witness the following events:
- Radiohead, currently not under contract with a record label, announced that the price for the all digital version of its latest album was going to be whatever you wanted to pay. September 30, ’07.
- Nine Inch Nails front man Trent Rezner wrote on October 8, ’07, “I’ve waited a LONG time to be able to make the following announcement: as of right now Nine Inch Nails is a totally free agent, free of any recording contract with any label.”
- Madonna is not renewing her contract with Warner Brothers, instead opting to go with a concert promotion company, Live Nation (NYSE: LVY). This according to the Wall Street Journal on October 10, ’07.
These and other artists are leading the movement to be free from oppressive record companies. Free from oxymorons like inspiration schedules and formula forced creations. Like many other industries where the Internet has played a role in removing barriers, the recording industry will never be the same. It will be better. Both for artists who want to be free and for consumers who will pay for their freedom.
Seth Godin has an interesting perspecitve on this.music News