5000 Artists Line Up For a Pirate Bay Promotion
torrentfreak.com
torrentfreak.com
That's not to say people won't sign on. Just that once your making good money your less interested in signing a deal that gives 90% of the profits to a record company. And that power imbalance is why record company's can be so profitable in the first place.
> Advertising is the only thing recording labels
> bring to the equation now days
Also:* Payola... errr.. I mean radio air time
* Connections to top-notch producers / audio engineers / directors (music videos) / etc.
So record labels won't go away, they should maybe rename themselves because of the automatic negative response you get when you hear the word "record label"
Edit: If your promoters don't consider such things advertising find someone better that understands the industry.
PS: 'book venues' is easy, it's filling them that's hard and that take advertising. Don't forget bands also have an agent often handles a lot of this stuff a well.
Record labels have a lot in common to VCs, sure you can bootstrap your company and do all the needed marketing and development yourself, go viral and scale without getting money from anyone. But for some companies taking money from VCs make sense, they wouldn't know what to do nor have enough resources to without help.
But I do agree with what you're trying to say. While record labels do more than just advertising. Everything they do is getting easier and easier to do without them. They're becoming irrelevant in many different fronts. I just don't believe they're 100% irrelevant... yet, but that only means there's room for startups to innovate.
Regarding storage, they need to store the item locally to consume it. There are probably very few individuals that store all the torrents they've ever downloaded in perpetuity and remain as seeders of those.
But yes, I agree that regardless of the causing circumstances, the fact that people are all making copies of things and sharing them is remarkable. I think it is analogue to what a lot of people want to see with 3D printing.
Replace "bandwidth and storage" with "the transportation of raw materials," and torrent software with 3D printing, and you've got yourself an interesting sea change in the manufacturing industry. I wonder if they will lobby with the same intensity that the RIAA and MPAA have.
Reminds me of Cory Doctorow's speech "The coming war on general-purpose computing", which is basically, yes, there will be a massive, more powerful lobby. http://boingboing.net/2012/01/10/lockdown.html
He's not Britney Spears, he's a guy that's looking for enough name recognition to fill clubs on the road. That's all you need if you don't think you're above working for a living.
It isn't going to see the sort of conversion rates you might see on a site like The Hype Machine where users are there primarily for music discovery.