You must not know much about how the recording industry works. The record companies "pay" artists by giving them lending them money, the payments for which are deducted from their royalty percentage (e.g. the record company take 90% of the cost of the CD, and the artist gets 10%, then the "loan payment" comes out of the artist's 10% royalty).
But again, totally irrelevant to YouTube's massive copyright heist. There's no justification for basing your business model on copyright infringement. No justification for having an asinine takedown system that doesn't change the fact that the top result will be yet another illegal copy of the video you just spent forever trying to get taken down.
This all happened thanks to the Viacom lawsuit[1], which forced youtube to be the most pro-recording industry, and anti-consumer popular site ever. Now, an automated bot trolls everyone's videos for any knid of match, and if flagged the video is automatically taken down unless you file an appeal. In other words, guilty until proven innocent. Unless you are a record label, then it's innocent until proven guilty.
Did you miss the Family Guy fiasco[2], where they used a 7 year old video of Nintendo gameplay footage in the show, the bot saw it as "Fox Owned", and had it removed for copyright infringement.
The youtube era you describe was for a few months-years. We've been dealing with the bullshit youtube became EVER SINCE. Forgive me if the complaints of a record company insider (in whatever capacity you may be), falls on deaf ears.
This is reminiscent of Lars Ulrich complaining about Napster and the internet in general. Only even he admitted he was wrong about that.
[1] http://www.reuters.com/article/us-google-viacom-lawsuit-idUS...
[2] https://consumerist.com/2016/05/20/fox-swipes-youtube-clip-o...
Because you disagree with him, apparently.
The grandparent wasn't opinion, it was correction of an inaccurate statement of fact in the great-grandparent, to wit, the false claim that record companies pay artists salaries, such that you could "steal from record companies" by piracy and hurt their income (and jeopardize the artists "employment" and "salary") separately from directly hurting artists income. Artists aren't salaried employees, they are contractors who receive sales royalties from record companies. Therefore, the scenario presented in the great grandparent is contrary to fact.
Not quite. It's structured as a loan. As far as book-keeping goes, they write it off as a sunk cost, but you still owe them. The contracts usually tie you to them for a period of time (or something like X albums). If you make a single album and it flops, you are still tied to them. If they decide not to give you the money to make more albums your music career is basically over.