One big reason that piracy continues to grow is because of the inflated price of music. And who actually sets these high prices while pocketing an unsettling amount of the revenue? The Record Companies. These brokers of music have set up an exclusive system that almost forces artists to join. Then the artists are further manipulated and a large percentage of the profit goes directly to the unnecessary record companies. I suggest we dis-intermediate these companies and allow the artists to price their works at a more effective and fair price.
Friday, April 2, 2010
Dis-intermediation
I truly believe that artists should receive compensation for their work. Paying artists is the best way to promote more creativity and I really think that artists should be paid for their creations. The Internet has made this process difficult to mediate and piracy continues to grow exponentially. Personally, I think that places such as Youtube actually help the artists; they provide a low quality copy of the music that advertises the work of the artist efficiently. But piracy must be stopped. . . but how?
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I like your ideas and I think your proposed "dis-intermediation" has some potential to work, but it does pose a major problem. Record companies recruit new aspiring artists, many of which would never have made it big on their own. This is because it requires a good deal of money and resources to actually record an album and get an artist's name out there. Most young, aspiring artists don't have the resources to do this by themselves. So instead of complete dis-intermediation, perhaps the record companies should just take a more fair portion of the profit, so artists can make a larger portion and the price of music will be able to decrease a little bit.
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