Today, I received an email from one of the premier online music services, IUMA, stating that their funding has been cut.
Go to http://www.iuma.com/Letter to read their letter.
Could this be a conspiracy? I have a feeling the “Big 5” record companies have ALOT to do with this…let’s do a bit of research, shall we?
Now, let’s see…IUMA is funded by EMusic…so http://www.emusic.com
…now we’ll click the little “Investor Relations” link at the bottom, and we find “Strategic Partners”:
America Online; Hmmm…there’s Warner!
Launch.com; looking on their site, we see strategic alliances with Sony, EMI, and Warner again
Listen.com; it actually states in their “About Us” page that they “receive funding from all five major record labels: BMG, EMI, Universal, Warner AND Sony”
So, anyways, you get the point…everyone’s got their fingers in this.
The record companies feel the internet is the devil. The only reason CDs cost $15 is so these rich bastards can line their pockets by telling you what to listen to. Maybe a couple pennies for every CD gets thrown the artists’ way.
But the internet is changing all that. When you can go online, search for what you want to listen to, and download it anytime…why do we need these record companies anymore?
Once these record companies started to see how successful IUMA and MP3.com were becoming, and how many more people around the world are tuning in to the internet’s offerings, they got scared. Now they’re trying to pull the plug. They’re trying to stop it before their precious “industry” goes under…
But it’s too late. The people know.
So, I say, let’s throw gasoline on that fire! To hell with record labels! Down with the middle man. Each artist needs to take their work into their own hands. We don’t need no stinkin’ labels.
OK, I think I’m done…for now. Now, I know I’m being a little over-dramatic here. I know some record labels do help somewhat…but I seriously think the industry can do without them…comments anyone?
[sub]Bolding tags repaired.
[Edited by UncleBeer on 02-08-2001 at 11:42 AM]