Breaking News

Music Mogul Alan Slams Madonna Deal




















The man who discovered Oasis, Alan McGee, has likened 360 degree record deals, similar to that given to Madonna, to 'raping and pillaging' artists.

Madonna recently signed her recording, tour, merchandising and appearance rights for the next 10 years to Live Nation.

Now Poptones boss Alan says: "The record industry's demand for bands to sign over a portion of their merchandise and tour revenues as part of a recording contract is an admission that selling music is not a sustainable business model.

"I understand business. It is not always win/win, some lose and some win. But I don't understand raping and pillaging in business."

He added: "It raises the question of legality. If you want a record deal you have to give up money from other endeavours. Isn't this a form of extortion?

"Because music is free and the traditional record industry model obsolete doesn't give the industry the right to move into promoters and merchandisers. What next? Will oil companies own our cars?"

Source: www.dailyrecord.co.uk

No comments