Courtney Love's takedown of major record label contracts and the economics of artist exploitation
By
Courtney Love
Summary
Courtney Love delivers a scathing, detailed critique of the major record label system, arguing that traditional recording contracts constitute "piracy" far more harmful to artists than file-sharing services like Napster. Using her own band Hole's contract as a case study, she breaks down the economics of how labels take the vast majority of revenue while artists are left in debt, and calls out venture capitalists and the industry's exploitative practices.
Source
Key quotes
· 4 pulledWhat is piracy? Piracy is the act of stealing an artist's work without any intention of paying for it. I'm not talking about Napster-type software. I'm talking about major label recording contracts.
I want to start with a story about rock bands. In particular, I want to tell you about a band that I know intimately, because I was in it. That band is Hole.
The record labels are the ones who are pirating the artists' work, not the kids downloading music.
I'm not a businesswoman, I'm an artist. But I can do math.
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