Jeff Pollack: Why the Major Labels Might Be Right This Time
May 31, 2011 at 3:57 AM (PT)
In his most recent guest column on THE HUFFINGTON POST, POLLACK MEDIA GROUP CHAIRMAN/CEO of Global Media And Entertainment JEFF POLLACK chooses to side with the major labels when it comes to music in the cloud. Writes POLLACK, "If you're one of those that feels that major labels are the root of all evil, you may want to skip this post altogether because this time I'm sticking up for the majors. Well, if not stick up for them, at least show that this time around they might actually have the artists' interest (as well as their own) at heart."
"Much of the big news in the music business over the last few weeks has revolved around several new on-demand or cloud-based music services. AMAZON, GOOGLE, APPLE and SPOTIFY have all been negotiating with the labels on these new services," he continued. "Most of these companies have remained quiet about specifics, but AMAZON, and to a lesser extent GOOGLE, threw up their hands and decided to launch truncated versions of their cloud-based services, citing label intransigence as the obstacle to creating more robust and user-friendly versions. The labels don't make for sympathetic protagonists, but are they really dragging their feet, or are they just holding out for a better deal, one that will ultimately benefit the artists as much as the labels themselves?"
Read the full post here.