Record labels are b0rked

In a barn-burner of an interview, academic Bethany Klein of the University of Leeds discusses the fundamental broken-ness of the record industry and the growing acceptance of acts that license their work for commercials. Klein's just finished a book, As Heard on TV: Popular Music in Advertising, which explores the subject in depth.

Major labels function with the assumption that 90 percent of artists they sign are going to fail – that should have been a red flag for everybody. I mean that’s a bizarre business model in any arena. But particularly in the cultural arena, the idea that the system through which culture is transmitted is dictated entirely by profit should concern us, because that’s going to narrow the types of culture that are transmitted. And then, on top of that, the alternative venues of distribution are stuck in the shadows of these major labels. So it’s not like there’s a viable alternative, necessarily, for artists who don’t fit into this very narrow range that can become the 10 percent that are profitable and popular.

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(via Anil Dash)