European iTMS delayed due to record labels
http://news.independent.co.uk/busine...p?story=418724
Apparently the record labels are having trouble agreeing to terms for a European version of iTMS.
I'm getting farklempt. Talk amongst yourselves. I'll give you a topic. The record labels don't like pirating, but can't agree on legal systems. Discuss.
Apparently the record labels are having trouble agreeing to terms for a European version of iTMS.
I'm getting farklempt. Talk amongst yourselves. I'll give you a topic. The record labels don't like pirating, but can't agree on legal systems. Discuss.
Comments
The article notes disputes over online royalties, which are not necessarily the fault of the artist - for example, record companies asked artists to accept lower royalty rates for CDs than for vinyl, because it was a "new technology." If they're asking the same thing for internet downloads, it's quite understandable that some artists are balking. Similarly, there might be artists making unreasonable demands of their labels, and the labels are balking (from my own knowledge of the industry, that's probably the less common case by a significant margin). There might be cases where both sides are being unreasonable.
But the overall picture seems to point beyond that to a lack of any overarching system or contractual uniformity, and a large number of contracts that don't make provision for any kind of non-traditional distribution. It's the sort of thing that can only be sorted out with time (and, in the case of royalty negotiations, good faith on both sides of the table).