Yesterday, Michael Lynton, CEO of Sony Pictures Entertainment, wrote an article for The Huffington Post discussing how piracy has effected content business’ (music, movies, books, newspapers, etc).
While this is an overly exhausted debate, I feel the need to share this article with you guys.
He starts of with a statement that made me cringe:
… I was on a panel the other day which opened with a question about the impact of the Internet on the entertainment business, and I responded, “I’m a guy who sees nothing good having come from the Internet. Period.”
I almost closed the browser when I read that, but I guess he was just trying to spark a flame.
A new documentary was just released by directors, Charles Rand & T.Thomas, titled “Kill The Record Labels”.
For decades hip hop has been controlled by the record companies. They invest millions and profit billions from global cassette, cd, and now ringtone sales. Music moguls afford a lifestyle comparable to what we see on mtv cribs. Eventually hip hop artist would adapt the record company formula, and start to strategically promote and market there own music. This has created a conflict inside the industry. The Record companies, in conjunction with the Recording Industry Association of America (RIAA), have declared war. Offices have been raided, Mom and Pop stores have been closed, and many have been arrested. Hip Hop Artists, Djs, and producers have decided that the only way to survive in the music business is to “Kill The Record Labels”.
As CEO and co-founder of DuckDown Records, Dru Ha is one of the most influential entrepreneurs in hip-hop. He’s helped influence a flood of independent record labels that continue to develop their own empires and hold weight against the majors.
I caught up with Dru recently and had a great conversation with him in which he discussed today’s music business, getting Bootcamp on Twitter, and President Barack Obama.