Wanted: Ex-Record Co. lawyer….
Thursday, October 11th, 2007Yes, that is the want ad you will be reading soon. As the record industry comes to a crashing halt in 2007, early 2008. I think the latest news about Madonna is far more significant than the Radiohead news earlier this week.
Whilst the deal differs from Nine Inch Nails in that Madonna is not offering direct-to-public albums, Live Nation isn’t a record company. The deal shows that even for a world famous act, a record company is no longer required in the days of digital downloads and P2P music sharing.
I believe that there will be some lawyers looking for a new line of work within the law community this year. Being a record company suit is not an option I would recommend for the guys/gals coming out of law school. Hey, maybe there is some room for second life law? It seems like IBM has become nice and cozy with Linden Labs. Never say never, but…
Technically Speaking, the recording industry as a whole did it themselves. I don’t feel sorry for the hand writing on the wall, and neither should you. Think I’m being mean? I’m not. Would you feel sorry for a thief? That’s exactly what the recording industry has been for many years to many artists. Thieves. Plain and simple. Legalized stealing.
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