U2’s Manager Hectors ISPs And China To Give Bands More Money
“ISPs and mobile operators are the business partners of the future for the recorded music business — but they have to share the money in a way that reflects what music is doing for their business,” he said. “That’s true nowhere more than in China. China Mobile makes hundreds of millions of dollars each year from sales of ringtones yet pays a minuscule fraction of that to performers, producers and composers.”
Yeah, why is it that bands only get a small royalty, again? What exactly is his problem with everyone but the music industry? That they’re forcing labels to sign crappy deals for ringtones? Does he still think ISPs make more money the more people take up bandwidth? If he’s so concerned about the artists caught between two industries who’d really like to keep all the money they could, wouldn’t McGuinness be better off making a deal for U2 to dance around in a Verizon ad?
U2 Manager Slams Internet Providers [Variety]